Thomas Finke
Showing 1–8 of 8 transcripts.
- Milken Institute55 min
Lessons From the Great Recovery: How to Maintain Investment Momentum
Scarlet Fu, Thomas Finke, William Ford, Jonathan Lavine, Emmanuel Roman, Steven Tananbaum, Steve Tannenbaum, Manny Roman, Bill Ford, Tom Fink
Senior investment executives from PIMCO, Barings, and Bain Capital convened to analyze a late-cycle environment characterized by high valuations, rising volatility, and unsynchronized global credit cycles. While panelists identified critical risks including U.S.-China trade tensions, a potential wage-driven inflation spike, and the dangers of complacent leverage, they simultaneously highlighted opportunities in technology-driven digital transitions and Asian emerging markets. The consensus strategy emphasizes active management utilizing advanced data analytics to navigate complex credit structures, avoiding passive bets in illiquid assets or European high-yield debt while preparing for unforeseen macroeconomic dislocations.
- Milken Institute58 min
International Capital Flows: Strategic Investment for Sustainable Growth
Michael Milken, Simon Cooper, Thomas Finke, Sir Michael Hintze, Steven Tananbaum
On February 8, 2018, in Abu Dhabi, representatives from Standard Chartered, CQS, GoldenTree, and Barron's analyzed how global capital markets are shifting amid geopolitical tensions and regulatory changes. The panelists highlighted that while the Belt and Road Initiative threatens to mobilize $10 trillion in infrastructure capital across Africa and the Middle East, traditional market dynamics are inverting as debt markets remain complacent while equity valuations reflect long-term disruption risks. Ultimately, the discussion concluded that reduced bank balance sheets and the rise of passive funds necessitate active strategies in direct lending and real assets to navigate the increased volatility and capture returns in fragmented emerging markets.
- Milken Institute1h 1m
Global Capital Markets
Michael Milken, Thomas Finke, Joshua Friedman, Sir Michael Hintze, Steven Tananbaum, Mike Milken, Jim Kim, Michael Hintze
Panelists including Michael Hensley, Josh Friedman, and Steve Tannenbaum analyze how China's Belt and Road Initiative and a surge in private equity ownership are fundamentally reshaping global capital markets and driving wealth concentration. The discussion highlights critical risks such as evaporating fixed-income liquidity from passive investing, alongside specific investment opportunities in distressed assets and emerging credit markets across Asia and Africa. Experts conclude that navigating this unstable environment requires a strategy favoring high-yield idiosyncratic plays while anticipating that future wealth generation will stem from infrastructure development in the Global South.
- 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 Institute1h 0m
Charting New Frontiers in Asset Ownership
Thomas Finke, Christopher Ailman, Hiromichi Mizuno, Jagdeep Singh Bachher, Carrie Thome
Representatives from CalSTRS, GPIF, WARF, and the UC Regents convened to discuss how massive institutional investors are adapting their portfolios to address aging demographics, declining return assumptions, and the inefficiencies of traditional active equity management. The panelists highlighted strategic shifts toward in-house execution, AI-driven efficiency, and venture capital initiatives that leverage university research, while emphasizing ESG integration as a risk management tool rather than a moral imperative. Ultimately, these leaders outlined a future where asset allocation prioritizes long-term system stability and fee compression, forcing a restructuring of the investment chain to navigate market disruption and the global energy transition.
- Milken Institute1h 10m
Global Capital Markets: New Risks, New Opportunities
Michael Milken, Marisa Drew, Luke Ellis, Thomas Finke, Nobel Gulati, Jonathan Nelson
Leading investment executives from Providence Equity Partners, Two Sigma, Credit Suisse, Man Group, and Barings convened to analyze how technology-driven innovation and regulatory shifts are reshaping capital markets. Participants emphasized that while true uncorrelated alpha has become scarce, firms are increasingly relying on organizational alpha, data science integration, and collaborative cultures to generate returns across media, private equity, and direct lending sectors. The consensus highlighted a critical transition where traditional finance models must evolve to incorporate scientific methods and address systemic risks associated with the rapid growth of non-bank lending.
- Milken Institute1h 8m
Global Capital Markets: Deflation or Stabilization?
Thomas Finke, Afsaneh Beschloss, Mohamed El-Erian, David Harding, Joseph Hooley, Steven Tananbaum, Tom Fink, Jay Holey
Panelists including Jay Holey, Mohammed Al-Arain, and Steve Tannenbaum analyzed the global economy's structural slowdown and the divergent trajectories of advanced and emerging markets, noting that while central banks face policy limits, emerging economies retain fiscal capacity for growth. The discussion highlighted China's critical transition from an export-led model to a consumption-driven one, alongside the disruptive impact of fintech and digital platforms on traditional productivity metrics and banking infrastructure. Despite near-term political uncertainties like Brexit and anti-establishment movements, experts identified specific investment opportunities in distressed credit, quasi-sovereign bonds, and sectors combining digital innovation with unique content.
- Milken Institute1h 17m
2014 London Summit - Capital Markets Outlook
Michael Milken, Madelyn Antoncic, Richard Byrne, John Calamos Sr., Elroy Dimson, Thomas Finke, Mike, Rich Byrne
Following post-2008 regulatory shifts that forced legacy banks to retreat from middle-market lending, non-bank alternative capital providers and Business Development Companies have rapidly absorbed the resulting $40 billion funding gap. This structural transition coincides with a global surge in cash held by sovereign wealth funds and corporations, who are increasingly favoring direct investments in equities and convertibles over traditional fixed income as the risk-free rate nears zero. Simultaneously, market participants are shifting focus toward underdeveloped regions in Africa and Asia to capitalize on emerging consumer demand while utilizing capital market mechanisms to address climate and health risks previously managed by traditional sovereign budgets.