How I Invest with David Weisburd
E32: Ashby Monk, Stanford Professor on How to Become a Billionaire in Private Equity
Jan 11, 2024
Ashby Monk, Stanford Professor, discusses the role and operation of asset owners like pension funds and endowments. Topics include compensation in these fields, the state of pension funds in the US, and their impact on private equity. They also explore the challenges faced by institutional asset owners, the importance of governance in institutional investing, and the dynamics between unions, pension funds, and hedge funds in the private equity industry. The significance of transparency in investment portfolios and the crucial role of asset owners in the financial ecosystem are also discussed.
56:30
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Quick takeaways
- The alternatives industry has more billionaires than any other industry.
- Asset owners, such as pension funds, have distinct characteristics and operate differently from traditional businesses.
Deep dives
Focus on the importance of the alternatives industry
The alternatives industry has more billionaires than any other industry, with twice as many asset managers in alternatives as there are technologists.
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