Scott Minerd
Showing 1–11 of 11 transcripts.
- Milken Institute1h 24m
LIVE: Part 1: A Conversation With Christine Lagarde | Part 2: The Investors' View
Christine Lagarde, Michael Klowden, Gerard Baker, Stephanie Flanders, Tom Finke, David Hunt, Scott Minerd, Ronald O'Hanley, Lara Warner
IMF Managing Director Christine Lagarde and a panel of investors convened to address global economic fragility characterized by synchronized growth slowdowns, persistent low inflation, and rising sovereign and corporate debt risks. Discussions highlighted divergent regional trajectories with the US showing resilience while Europe faces structural vulnerabilities, alongside critical concerns regarding China's Belt and Road sustainability and the potential for a US-China trade agreement. The event concluded with urgent calls for structural reforms in infrastructure, labor participation, and digital investment to combat inequality, warning that future crisis response capacity is limited by high debt levels and political polarization.
- Milken Institute1h 2m
Global Capital Markets
Gerard Baker, Mary Callahan Erdoes, Michael Corbat, Joshua Friedman, Scott Minerd, Ning Tang
Prominent financial leaders from Guggenheim, J.P. Morgan Asset Management, and Citigroup convened to analyze a 2018 global economy characterized by synchronous growth amidst rising debt levels, regulatory shifts, and structural market vulnerabilities. Key speakers warned that the rapid transition from quantitative easing to tightening, combined with the dominance of passive investing and record corporate leverage, creates significant risks for volatility and liquidity disruptions in coming years. The discussion further highlighted that while geopolitical tensions and trade deficits remain contentious, the most immediate threats to stability stem from a "fast speed, slow speed" trading dynamic and a labor market nearing critical constraints.
- Milken Institute1h 24m
A Conversation with Steven Mnuchin, U.S. Department of the Treasury | Global Capital Markets
Steven Mnuchin, Maria Bartiromo, Mohamed El-Erian, Thomas Finke, Scott Minerd, Arunma Oteh, David M. Solomon
Treasury Secretary Stephen Mnuchin presented a comprehensive tax reform plan designed to raise U.S. GDP growth from 2% to 3% by simplifying the code, lowering the corporate flat rate to 15%, and eliminating the alternative minimum tax. The administration anticipates these cuts may initially widen the deficit but projects long-term revenue gains of $2 trillion to offset costs, while simultaneously preparing to enforce reciprocal trade tariffs and expand sanctions on adversarial nations. Complementing these fiscal and foreign policy shifts, financial sector leaders warn that while deregulation could boost profitability, current market valuations may be ahead of actual legislative delivery and execution risks.
- Milken Institute55 min
Investing in Sustainable Development
Susan Mac Cormac, Anne Finucane, Vicki Fuller, Scott Minerd, Clifton Robbins, Markus Voigt
A panel of institutional leaders from Bank of America, Blue Harbor, and the New York State Common Retirement Fund redefined the investment landscape by distinguishing between broad sustainability and material ESG factors while advocating for hybrid corporate structures like Public Benefit Corporations. These experts outlined strategies to deploy hundreds of billions in capital toward renewable energy and infrastructure, emphasizing that integrated reporting and rigorous data standards are essential for mitigating stranded asset risks and ensuring fiduciary compliance. The consensus projects that ESG integration will soon become a baseline legal requirement, transforming impact-first philanthropy into investment-first strategies that deliver superior long-term returns without concessionary financial performance.
- Milken Institute1h 7m
Taking the Long View: The Dangers of Short-Termism
Scott Minerd, Christopher Ailman, Scott Evans, Vicki Fuller, Hiromichi Mizuno
Representatives from major funds including GPIF, CalSTRS, New York State, and New York City convened to advocate for shifting from quarterly transparency to long-term "permanent ownership" strategies that prioritize corporate governance over short-term market volatility. The panelists unanimously criticized outdated fee structures and bureaucratic hiring constraints, proposing aggressive reforms such as clawback provisions, in-house management expansion, and a transition of U.S. public pensions into quasi-commercial entities to secure top-tier talent. By aligning compensation models with actual performance and redefining passive management as active stewardship, these leaders aim to sustain multi-decade return objectives amidst a landscape of near-zero bond yields and intense public pressure for immediate results.
- Milken Institute54 min
Beyond the Headlines: Global Leaders Explore Africa's Future
Mindy Silverstein, Bronwyn Nielsen, Tony Blair, H.E. Paul Kagame, Scott Minerd, Patrice Motsepe, Strive Masiwa, Bob Collymore, Jay Ireland, Fred Swannaker, John Rice, President Uhuru Kenyatta
The Milken Institute launched the Africa Business Fellowship Program, a reciprocal exchange initiative partnering with Strive Masiwa, Safaricom, and the Dangote Group to place up to 15 American entrepreneurs in African firms over six months. Supported by high-profile speakers like President Paul Kagame and Tony Blair, the event utilized demographic projections showing Africa's population could double by 2050 to argue that regional integration and private sector infrastructure investments are critical for unlocking a continent identified by the IMF as home to the world's fastest-growing economies. Panelists including Scott Minnert and Patrice Motsepi concluded by dismissing security concerns as manageable barriers and calling for immediate U.S. capital deployment to fuel the rising middle class and consumer industries across Sub-Saharan Africa.
- Milken Institute56 min
Macroeconomic Trends: Monetary and Fiscal Responses
Brian Sullivan, Seth Carpenter, Dimitri Demekas, Scott Minerd, Tad Rivelle, Paul Sheard
Panelists Seth Carpenter, Dimitri Demeckis, Scott Miner, Tad Revell, and Paul Sheard debated the efficacy of central bank tools against historical parallels, structural flaws in the Eurozone, and divergent views on negative interest rates and regulation. The session highlighted a fundamental dispute between officials who view current monetary interventions as necessary stabilization and critics who argue these measures merely defer deep-seated economic problems like demographic shifts and unaddressed debt. Ultimately, the group concluded that while the US benefits from favorable demographics, global risks including potential Greek debt defaults and the limitations of a single currency union require coordinated fiscal and structural reforms beyond current monetary capabilities.
- Milken Institute1h 6m
Lunch Discussion: Investing in California's Future
Bobby Kotick, Scott Minerd, Lynda Resnick, Lyndon Rive, Michael Milken
A high-level panel convened by industry leaders like SolarCity's Lyndon Rive to analyze California's economic resilience, highlighting critical challenges in municipal debt, workforce retention, and immigration policy. The discussion detailed the tension between rapid renewable energy expansion and regulatory hurdles while proposing public-private partnerships to address educational gaps and unfunded healthcare liabilities. Ultimately, participants urged a strategic shift from reactive philanthropy to active business engagement to compete globally against emerging markets like China and secure sustainable long-term growth.
- Milken Institute1h 7m
MI Summit 2013 - London: Global Capital Markets: The Forces Shaping the Future of Finance
Leon D. Black, Tom Finke, Mitchell Julis, Scott Minerd, David Zervos, Michael Milken, Mike Clouton
The panel analyzed how central bank policies incentivizing risk-taking are driving a structural shift from traditional banking to shadow banking and alternative asset classes like collateralized loan obligations. Industry leaders from Apollo and other institutions discussed strategies to navigate these changes, highlighting the need for insurers and Japanese households to move away from cash hoarding toward real assets and structured credit to meet yield targets. Despite the opportunities for innovation, speakers warned that prolonged quantitative easing creates market distortions and political risks that could lead to future inflationary instability.
- Milken Institute1h 0m
Lunch Panel: Global Overview
Michael Klowden, Pierre Beaudoin, Scott Minerd, Nouriel Roubini, Geraldine Sundstrom, Paul Gigot
In a panel on global economic trajectories, IMF data and experts like Nouriel Roubini and Geraldine Sundstrom assessed the divergence between slowing advanced economies and emerging markets, which now drive 80% of global growth despite structural risks like state capitalism in BRICS nations. While some forecasters predict a 2008-style credit bubble within three years due to artificial liquidity, others highlight long-term opportunities in "MIPS" countries and specific emerging markets with valuations cheaper than post-Lehman crisis levels. The discussion concluded with a consensus on the fragility of the Eurozone as the primary tail risk, yet maintained that infrastructure investment and emerging market expansion remain central to the 2030 and 2050 global economic outlook.
- Milken Institute1h 2m
Lunch Panel - Global Overview: Shifting Fortunes
Eike Batista, Xi-Qing Gao, Scott Minerd, Barry Sternlicht, Chris Viehbacher, Michael Klowden
Leading global financiers and industrialists, including Eike Batista, Gao Xixing, Scott Minard, Barry Sternlicht, and Chris Wiebacher, convened to analyze divergent monetary policies and the structural transition of emerging markets away from export dependence. The panelists debated the risks of U.S. and European debt cycles while highlighting Brazil's expanding middle class and China's strategic shift toward domestic consumption and currency flexibility. Ultimately, the discussion concluded that sustainable future growth requires a pivot from resource extraction to innovation and that global economic stability depends on coordinated leadership to prevent a systemic financial rupture.