182: Private Credit: Hype, Hazard, or the Next Big Thing in Long-Term Growth? With Huw Van Steenis, Vice Chair of Oliver Wyman.
When someone speaks with a deep of understanding of the banking and finance systems, is widely respected, and then expresses a strong but debatable view, about a developing asset class, we think it’s important to hear that voice and to challenge and distil its key messages.
So in this episode we welcome back a former guest who appeared on the MMP in March 2023 during the banking storm, during with Silicon Valley Bank and then Credit Suisse. His conclusion was unequivocally that this was no repeat of the 2008 GFC, as has been proven.
In addressing his recent report from Oliver Wyman, titled “private credit is reshaping wealth portfolios”, we wanted to challenge him on several issues, including; Is it that innocuous? Is this a trend which will serve big private asset firms at the expense of individuals? How about bad times and souring loans? Does the loss of liquidity matter? Are we swapping risks from the regulated banking sector to the unregulated world of the giant private market firms?
And so Huw and I face off in a discussion on the risks and opportunities that are the hallmarks of this fast-growing slice of the investing world.
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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181: Wisdom From the Battle Hardened: Timeless Life & Career Insights from Top Global Executives
Enjoy a variety of career tips & life lessons from finance leaders in this compilation special.
This episode brings together some of the most insightful lessons and perspectives we’ve gleaned from past guests, covering everything from life wisdom to industry-specific strategies.
You’ll hear from an extraordinary lineup, including Peter Frankopan, Ron Biscardi, Luba Nikulina, and James Anderson.
But that’s not all—we’ve also included insights from Michael Manning, Stephen Roberts, Marcie Frost, Mark Boggett, and Chrsitina McGuire. We hope you find this useful!
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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180: “News of Our Demise Has Been Greatly Exaggerated.” Why the City of London Remains a Globally Potent Force - With Sir Alastair King, Lord Mayor of the City of London
Has the demise of London's leading financial services been "greatly exaggerated", and does the underlying evidence tell a very different story?
In this interview, held at Mansion House in the historic City of London financial district, the Right Honourable Alastair King (696th Lord Mayor of the City of London) explains his view that the UK enjoys an unrivalled position, untouched by other European capitals.
He explains London and the wider UK “moat”, and why it exhibits persistency and resilience. Perhaps the most unexpected statistic is the significant growth in employment numbers in the City since Brexit.
He discusses the importance of the Mansion House Reforms and the £75bn of investment by 2030, headed into private assets. He discusses why we must recognise that we need to take more risk, judiciously but emphatically (and this is directed at both public and private markets).
Lord Alastair then touches on the lessons we can learn from Canada and Australia and his current priorities. Finally, he explains why we need to get on planes/trains in order to trumpet the UK and drive new business opportunities.
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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179: Unlocking Global Real Estate Opportunities: Perspectives on Risks & Returns (With Brian Kingston, CEO of Brookfield Real Estate)
Economist John Stuart Mill observed that “landlords grow rich in their sleep". Yet, as evidenced by the failure over the years of many real estate businesses, success is also highly dependent on entry price, debt levels and execution.
Brookfield, based in Toronto, has developed over 120 years into one of the world’s largest alternative investment management companies, with over $1 trillion of assets under management.
It is also one of the world’s largest real estate operators, and in this conversation, Brian starts by tackling the questions of “how you buy well” and “what goes wrong”?
He then discusses the most significant geographical opportunities, from hospitality in Spain to student accommodation in the UK.
He elaborates on the themes that unify the world of real estate, the blurring of lines between real estate and infrastructure and the “chronic shortage of housing” that is common to the US, Australia, the UK and Korea.
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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178: The Silk Roads: A Decade On - Peter Frankopan, Professor of Global History at Oxford, on the Changing World Order
Peter Frankopan is a Professor of Global History at Oxford, and author of The Silk Roads.
His work has been both profound and enduring, with the book being translated into more than 45 languages and selling nearly 3 million copies worldwide. The updated version has just been published.
In this conversation, Peter reflects on the potent forces at work both within and outside of Asia.
He assesses the changing world order and discusses if the complexity of interplays which may appear uncomfortable to us, are actually less violent and dramatic when viewed through a historic lens.
From China to Iran, India to the Baltics, this globe-trotting conversation discusses, hot-spots, malevolent actors, animosities, frictions and fallacies.
They also shine a light on his favourite cocktail and top sporting event!
The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.
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The world of finance has a huge impact on all of us. This show aims to explore and unravel some of the mysteries surrounding the investing business, via interviews with masters of the real life money maze.
Expect tips for mastering capital allocation, making better business decisions, strategies for taking your career to the next level, and revelatory profiles of leading industry figures.
Whether you're a current or aspiring investment professional, a regular investor, or a student exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for listening!
Visit our website to learn more & access further content: moneymazepodcast.com
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