Going Long

FCLTGlobal
  • 4.8 (4)
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Non-profit FCLTGlobal interviews today's leaders in global business and investing to discuss how they are running their companies for the long term, on issues including capital allocation, risk management, climate change, sustainability, and more. Hosted by Sarah Keohane Williamson, CEO of FCLTGlobal. To learn more, visit FCLTGlobal.org.

  1. 27 MAY

    Ep. 46: Wafra's Adel Alderbas on Building Capital Constellation and the Future of GP Staking

    On this episode of the Going Long Podcast, Sarah Williamson welcomes Adel Alderbas, Chief Investment Officer of Wafra, to discuss how the firm is redefining the landscape of alternatives and pioneering new investment models that benefit both asset owners and emerging managers. For listeners interested in the intersection of long-term investing, alternative assets, and entrepreneurial innovation, this episode offers valuable insights into how to navigate these areas successfully. Topics include:  [00:02:04] – Introduction and background on Wafra: Adel Alderbas introduces Wafra’s 40-year history and its evolution from a parent-focused firm into a $28 billion global alternatives manager. Their differentiated strategy includes 3 main pillars: strategic investments, real assets, and their real estate investing program. [00:04:21] – The GP-Staking model explained: Alderbas describes Capital Constellation as a partnership of global investors working together to support emerging asset managers. Wafra’s unique institutional DNA, combining “LP humility” with “GP rigor,” enables it to innovate and lead in alternative investments. [00:07:46] – The challenges of balancing long-range liabilities with keeping portfolios vibrant: Alderbas emphasizes prioritizing investor entrepreneurs who can build sustainable, value-adding businesses that will outlast their own leadership. [00:10:39] – The importance of relationship-building: Alderbas highlights the emotional loyalty and stronger alignment that comes from backing investor entrepreneurs early, emphasizing the strategic benefits for asset owners – particularly early co-investment access and valuable market intelligence. He highlights the value of transparency, open dialogue, and intentionally collaborative relationships, contrasting this with the industry’s typical disengaged LP-GP dynamics. [00:22:14] – Alderbas credits Wafra’s CEO for fostering a culture of transparency and cross-disciplinary collaboration. Alderbas emphasizes breaking down traditional investment silos—like between GPs and LPs or asset classes—which requires top-down commitment, cultural redesign, and a long-term mindset that persists through initial efforts and delayed results.[00:29:02] – Reflecting on the dual nature of financial innovation in private markets: While tools that increase liquidity enhance accessibility, they also introduce volatility, particularly in stressed environments. Wafra maintains a long-term conviction-based approach, resisting reactive selling to rebalance portfolios when public markets dip.

    38 min

  2. 29 ABR

    Ep. 45: Brookfield’s Connor Teskey on Digitalization, Decarbonization, Deglobalization

    In this episode, Sarah Williamson speaks with Brookfield’s Connor Teskey on several key trends affecting the global economy, investment strategies, and the role of private capital in shaping the future, ranging from technological advancements and decarbonization to the growing importance of private real assets. This discussion offers valuable insights into the opportunities and challenges investors face in a rapidly changing global landscape. Topics include: [00:05:00]– The role of technology in investment and AI’s emerging influence on industries like energy, transportation, and manufacturing.[00:09:30]– Renewables, particularly onshore wind, solar, and battery storage as the dominant low-cost energy solutions, and the geopolitical benefits of domestic renewable energy sources.[00:19:00]– Short-term vs. long-term investment horizon and the stability of real assets during periods of market volatility.[00:24:00]– Liquidity in real assets, and the growing investor interest in real assets for their inflation-hedging and stabilizing qualities.[00:28:00]– Growth of private capital, particularly the shift towards partnerships with large corporations.[00:34:00]– Future trends in asset allocation, market volatility, and how private markets will continue to expand.

    35 min

  3. 18 FEB

    Ep. 44: Thomas Buberl on The Evolution of Insurance: From Response to Prevention

    In this episode of Going Long, Sarah Williamson sits down with Thomas Buberl, CEO and Director of AXA, one of the world’s largest insurance companies, to discuss the future of insurance, risk management, and developing the next generation of leaders. Topics include:  [00:01:35] Balancing short-term pressures with the mindset of building a company that people will rely on for years [00:04:16] Geopolitical tensions and Europe’s competitiveness [00:09:52] Mispricing and risk prevention [00:18:21] Vision 2030 and the future of insurance [00:25:21] The importance of having long-term shareholders

    29 min

  4. 08/10/2024

    Ep. 43: C.S. Venkatakrishnan on Reviving the UK’s Equity Culture

    Sarah Williamson sits down with C.S. Venkatakrishnan, Group Chief Executive of Barclays, to gain his perspective on long-term opportunities for the UK economy, the importance of fostering a thriving investment culture, and the role of banks in the transition to net zero. Topics include: [00:02:08] Restoring investment culture in the UK: How the UK has lost its equity risk culture over time and the need for pension reform, education, and improved accessibility. [00:14:16] Reworking the industrial economy: The role global banks have to play in building a low-carbon economy and the future of the UK's new sovereign wealth fund. [00:24:37] Globalization: Particularly in a year of multiple elections, reflecting on the past 30 years of global political disruptions and developing a sense of what trends will take shape over the next 30. [00:31:24] Trustworthiness as the key to long-term success: In an ever-changing world with so many technological advancements, core values and the relationship with the customer must remain front and center.

    44 min

  5. 04/09/2024

    Ep. 42: Raphael Arndt on Building Resilient Sovereign Wealth Funds

    Sarah Williamson interviews Raphael Arndt, the Chief Executive Officer of the Future Fund, Australia’s sovereign wealth fund managing A$285 billion on behalf of the Commonwealth of Australia. Arndt shares insights into the Future Fund's culture and investment approach, emphasizing the importance of a collaborative, whole-portfolio strategy. He discusses the impact of global economic and geopolitical shifts on long-term investment strategies, the challenges of managing reputational risk, and the need to adapt to a changing world. Topics include: [00:01:55] Overview of the Future Fund: Background on the establishment, mission, and current management of Australia's sovereign wealth fund.  [00:06:04] Future Fund’s Investment Culture: Discussion on the collaborative, whole-portfolio approach and the challenges of maintaining this culture during growth and external pressures like COVID-19. [00:12:48] Geopolitical and Economic Shifts: Insights on how global geopolitical changes, including a move towards a more multipolar world, are influencing long-term investment strategies. [00:23:59] Revisiting Portfolio Construction: Exploring the need for more dynamic and flexible portfolio management in a world of increasing volatility and inflation. [00:36:27] Optimism Amidst Change: Arndt's outlook on the opportunities created by the current economic environment, and the importance of adapting to change.

    35 min

  6. 07/08/2024

    Ep. 41: Ashby Monk on the Next Generation of Institutional Investing

    Sarah Williamson interviews Ashby Monk, the executive and research director of the Stanford Research Initiative on Long Term Investing (SLTI). Ashby shares insights from his 20+ years of experience studying and advising investment organizations. He discusses the origins of the SLTI, their new fellowship initiative aimed at creating a new pipeline for top graduates to work in public pension plans, and why he believes advanced analytics and AI can revolutionize investment decision-making. Topics include: Background on the Stanford Research Initiative [00:02:09] Importance of Pension Funds in Capitalism [00:07:23] Introducing the Fellowship Initiative [00:10:18] Impact of Technology on Investment Decision-Making [00:27:01] Customizing Portfolios with Technology [00:34:29]

    56 min

  7. 24/06/2024

    Ep. 40: EY's Carmine Di Sibio on Building a Better Working World

    In this episode Going Long, Sarah Williamson sits down with Carmine Di Sibio, Global Chairman and CEO of EY. They delve into the importance of long-term strategy in today's fast-paced business environment, discussing EY's Vision 2020 and Next Wave strategies, which emphasize growth, innovation, and long-term value creation. Di Sibio shares insights on the evolving landscape of ESG disclosures and the transformative potential of AI. Reflecting on his career at EY, Di Sibio offers advice for future leaders and his perspective on navigating disruptions in the global market. Topics covered in this episode include: [2:22] The role of purpose in building sustainable, long-term strategies. [8:12] The challenges and opportunities in ESG disclosures and non-financial reporting. [18:36] Managing global disruptions and maintaining a focus on long-term goals. [24:23] The impact of AI on business efficiency and innovation. [30:26] Reflections and lessons learned from a nearly 40-year career at EY and 5+ years leading the organization.

    39 min

  8. 12/02/2024

    Ep. 39: Andrew Liveris on Managing Through Disruption

    Former Dow chairman and CEO Andrew Liveris shares insights on leading companies in an era of disruption and geopolitical uncertainty. He discusses instilling a solutions mindset in the next generation to drive change in business, society, and government, and how activists and short-term "renters" of stock can impact long-term strategic thinking. Topics include: How a multicultural upbringing in Darwin, Australia shaped Andrew's open, inclusive leadership style and view of diversity as an asset The challenges leaders face today with constant disruption, tribalism, and short-term mindsets Why the "American Global Corporation" model is breaking down and the need for businesses to step up in the leadership breach What it takes to build an "enlightened board" that incorporates diverse viewpoints and contextual decision-making Liveris's new book, Leading Through Disruption, is now available in US bookstores.

    39 min
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Non-profit FCLTGlobal interviews today's leaders in global business and investing to discuss how they are running their companies for the long term, on issues including capital allocation, risk management, climate change, sustainability, and more. Hosted by Sarah Keohane Williamson, CEO of FCLTGlobal. To learn more, visit FCLTGlobal.org.

Información

  • Creador
    FCLTGlobal
  • Años de actividad
    2020 - 2025
  • Episodios
    46
  • Clasificación
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  • Copyright
    © FCLTGlobal
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    Going Long