Miriam Gottfried
speaker
79 appearances
2 recordings
1 series
first heard Aug 2025
last heard 14 Aug
Miriam Gottfried’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.
Appearances
So how has it been able to buck the trend?
So I also want to talk a little bit about traditional asset managers.
We've been spending a lot of time with alternative asset managers, which are the thing that I focus on most of the time.
These traditional asset managers, particularly firms like BlackRock and State Street, are doing pretty well this year from a stock perspective.
Both are beating the market, and that's despite one-off events like a single Asian client pulling $52 billion from BlackRock in the second quarter, which actually did cause its stock to fall.
But why are these stocks surging overall year to date while shares of the private equity firms, the alternative asset managers, are lagging?
What could a catalyst be for people to regain faith in the growth story for alternative asset managers?
Do you think it's just an interest rate cut?
As you said, the president last Thursday signed an executive order that was aimed at making it easier for employers to include private assets like private equity and private credit in 401k plans.
And that could potentially open up this huge market for private markets asset managers, for the Blackstones, Carlyles, and Apollos of the world.
If we start to see inflows from 401ks, then that could be a huge boon to them.
It's still a bit theoretical right now, but we're definitely on that path, and that's something to be looking out for.
Okay, thank you, Telus.
That was a very interesting discussion.
That was What's News in Earnings.
Today's show was produced by Zoe Culkin and Michael LaValle with supervising producer Michael Kosmides.
Later today, we'll have the PM edition of What's News out for you as usual.
I'm Miriam Gottfried.
Have a great day.
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