A series that showcases the diversity and richness of the investment world through showcasing inspiring investors and their stories.
Shane Lanigan of Beach Point Capital's Dublin Office - The Upside of Focusing on the Downside
Shane Lanigan is Portfolio Manager at Beach Point Capital Ireland, a role he has held since September 2018. He was previously a director at BSM Finance, a senior debt provider to entrepreneur owned, VC or PE backed businesses. Our conversation starts with Shane's Co. Kilkenny roots and the world of commerce and finance that drew him to London for many years. We hear then about his path back to Ireland and the role investing in credit at Beach Point. We turn to the dynamics of credit investing, how it is focused on protecting the downside and how to screen for that across a variety of industries and company type. We compare the structures across different company sizes and ask about reputational and other ESG risk in some high profile industries.As in so many of these podcasts the quality of an investment often comes down to the people involved, their integrity and ability to work through setbacks and challenges. The lender can often be a coach and protective ecosystem to help navigate challenges and we ask in particular how this works.This is a swift canter through a sophisticated and emerging area of private credit that is full of nuance and the human touch. Series 1 of 2024 is supported by Apollo Global Management, a leading provider of alternative asset management and retirement services solutions. Apollo seeks to provide clients excess return at every point along the risk-reward spectrum and is focused on empowering retirees, building and financing stronger businesses and driving a more sustainable future
Catch up with Angela Miller May CIO of IMRF - What Keeps a CIO Up At Night?
Angela Miller May is CIO at Illinois Municipal Retirement Fund a public defined benefit fund based in Oak Brook IL which has over $40 bn in assets under management.Angela is a regular figure on the asset management conference circuit and has become a leading voice in promoting diversity and inclusion in the industry. She appeared as the third guest on the podcast in 2020 during her tenure as CIO of Chicago Teachers.This wide-ranging discussion follows Angela into a larger plan, which has a solid funding level (98%) and the same bold vision around emerging managers that many Illinois plans share. She discusses what keeps her up at night - the desire to always improve the portfolio, leaving no stone unturned as she does so. We move to the challenges with strategic planning, and setting reasonable targets for execution of broad, sweeping change. In particular we look at the decision to manage equity in house or externally, and the objective of investing in emerging managers. IMRF goes above and beyond in nurturing this community and we hear about the network it creates and the feedback it provides - which are all part of Angela's desire to make a mark, use her position to creat impact and to influence the direction of travel for the industry. We end with reflection on the peers in the industry, and what she has learned from them. Please enjoy this conversation with one of our industries most industrious and committed leaders. Series 1 of 2024 is supported by Apollo Global Management, a leading provider of alternative asset management and retirement services solutions. Apollo seeks to provide clients excess return at every point along the risk-reward spectrum and is focused on empowering retirees, building and financing stronger businesses and driving a more sustainable future
BONUS - Live with Dr. David Kelly - Chief Global Strategist of J P Morgan Asset Management - Looking to 2024, elections, economy and beyond
The start to a new year is a perfect time to check in with one of our favorite strategists and thinkers, Dr. David Kelly, Chief Global Strategist of J P Morgan Asset Management. In this live discussion we cycle through a host of topics including:The 2024 inflation outlookWhy the US consumer has proven so resilient, and why have bad vibes sometimes dominated despite this.The likely future direction of ratesDo small cap stocks make sense any more? When will they look attractive again?Should we read anything into the rise of Bitcoin interest (again)?What do geo-political risks and looming elections mean for markets?This is a fast-paced discussion delivered with David's inimitable wit and charm. Food for thought as we embark on a 2024 laden with promise and macro events.
Julie Castro Abrams of How Women Lead - Creating not just a Seat at the Table - but a New Table
Julie Castro Abrams is the Managing Partner of How Women Invest and CEO of How Women Lead. How Women Lead was established in 2011 and is driving for a world where women have a seat at every table where decisions are made and is currently a network of over 100,000 professional women. How Women Invest is an early stage venture firm seeking to realize untapped economic potential by focusing on the intersection of female founders and female investors. She is also the co-founder and CEO of Limitless Bridge Capital, sits on the Advisory Board of Nia Impact Capital among multiple other roles. Our conversation is a sweeping one which traces the origins of Julie's passion for empowering women in professional settings and spends considerable time on the benefits of networking, knowledge sharing and developing a voice. We talk about the benefits of a community, and how to build one, and how to bridge the confidence gap that many women experience when it comes to finance and money matters. This relates to empowerment and inviting more women in to finance and investing, which for some is angel investing.Julie discusses the importance of angel investing as both spark and growth capital in an ecosystem, and how going about it can generate the virtuous cycle of more confidence, more status and better community and relationship.We move then to discuss the need for a New Table, at which women and men are represented equally, and how to message this so that women respond and get the support they need. There is more information about How Women Lead here: https://www.howwomenlead.com/the-movement Series 1 of 2024 is supported by Apollo Global Management, a leading provider of alternative asset management and retirement services solutions. Apollo seeks to provide clients excess return at every point along the risk-reward spectrum and is focused on empowering retirees, building and financing stronger businesses and driving a more sustainable future.
Paul Richards of Better Decisions: The Nine Words Every Trustee Must Know
Paul Richards is a decision making expert with a particular focus on investment manager and trustee decision-making. He is the founder of Better Decisions, and was previously Head of Governance and Decision Research at the consulting firm Redington. He is also the host of the Decision Nerds podcast.Our conversation is an ambitious one, seeking to dive into the science of better decision making, what makes an effective Board process, the nature of corporate culture and its evolution and how it contributes to better outcomes. We start with Paul's early instinct to understand things, and how things work, and how he first became interested in the emergent area of behavioral science at the beginning of his career. Moving then to the science of decision making, Paul notes how we often try to import structures and frameworks from one context to another, which entirely ignores the subtle nature of context, the unique corporate backdrop, place in time, and the unique (and dynamic) personalities involved around the table. We talk about nurturing conflict - the healthy kind, and how vulnerability and admitting lack of knowledge can be both disarming and empowering (c.f. the nine words that are the hardest to say but that every trustee should know). We move then to the massive area of corporate culture and what some of the Decision Nerds podcasts have revealed in that respect and the link to better investment and corporate performance. There is more information about Better Decisions here: https://www.better-decisions.co/ and about the Decision Nerds podcast here. https://decisionnerds.buzzsprout.com/Series 1 of 2024 is supported by Apollo Global Management, a leading provider of alternative asset management and retirement services solutions. Apollo seeks to provide clients excess return at every point along the risk-reward spectrum and is focused on empowering retirees, building and financing stronger businesses and driving a more sustainable future.
Asha Mehta of Global Delta Capital: Revealing the Power of Capital
Asha Mehta is Managing Partner and Chief Investment Officer at Global Delta Capital, where she has a thematic focus on Emerging and Frontier Markets as well as Sustainability Investing. She was previously Lead Portfolio Manager and Director of Responsible Investing at Acadian Asset Management and prior to that an investment banker. She has traveled to over 80 countries and lived in six, and recently released a book, The Power of Capital: An Adventure Capitalist’s Journey to a Sustainable Future. Our conversation starts with her upbringing and her parents' immigration story, and winds its way through Asha's college years and her early interest in biological sciences. A setback to funding of a vaccine distribution project in India, led to her finding work experience in Microfinance, and there a belief in impact and the power of capital was born. Asha then takes on a world tour, first through an investor's lens - we hear about her travels around the world and the areas where technology is enabling leapfrogging of existing infrastructure and breakthroughs that improve living standards and ultimately create impact. We travel from Nigeria to Saudi Arabia, from Tunisia to Cambodia, and apply also the lens of sustainability, examining what meaningful ESG data looks like and how it can be used to fashion investment decisions. We spend some time speaking about Asha's book, The Power of Capital, which is written in the spirit of a true Adventure Capitalist, and the labor of love that that entailed. Another labor of love was Asha's founding of her own firm Global Delta Capital, and we discuss the "adventure" of entrepreneurship and capital raising. You can find the book here: Link to powerofcapital.com and Power of Capital: An Adventure Capitalist's Journey to a Sustainable Future: Mehta, Asha: 9781119906032: Amazon.com: BookAs final words of wisdom, Asha encourages listeners to be the change they wish to see in the world. Similarly, to learn to work through change and even embrace it. Series 1 of 2024 is supported by Apollo Global Management, a leading provider of alternative asset management and retirement services solutions. Apollo seeks to provide clients excess return at every point along the risk-reward spectrum and is focused on empowering retirees, building and financing stronger businesses and driving a more sustainable future.
Great introduction to some impressive industry figures
I really love this podcast . It is relatable and particularly inspiring for a student interested in entering the area of finance and investment. There are not enough examples out there of impressive women in finance and this podcast helps to address this.