This chapter explores the launch of new investment services like mutual funds and ETFs, discussing the importance of beating benchmarks after fees and the potential for yields of five to seven percent despite interest rate risks. The speakers express optimism about increased flows post the first Fed cut, advocate for owning duration in bond strategies, and predict excess cash in money funds globally flowing into the bond market before moving into growth equities.
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Bloomberg Television and Radio broadcast live from the Milken Institute Global Conference featuring Kipp DeVeer, CEO at Ares Capital, TCW CEO Katie Koch, Steve Klinsky, CEO at New Mountain Capital, Andy Sieg, Citigroup Head of Wealth Management, Raymond McGuire, President at Lazard, Victor Khosla, Founder and CIO at SVP Global, Mike Gitlin, CEO at Capital Group and Dr. Ali Rezai, Neurosurgeon and Neuroscientist at West Virginia University’s Rockefeller Institute.
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