Capital Allocators – Inside the Institutional Investment Industry Jon Glidden - Delta Airlines Pension Fund Turnaround (EP.417)
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Nov 18, 2024 
Jon Glidden, CIO of Delta Air Lines, expertly transformed the airline's pension fund from a staggering $13 billion deficit to full funding status. In this discussion, he unveils the innovative strategies behind this turnaround, such as portable alpha and private equity. Drawing from his naval background, Jon recounts pivotal lessons in risk management and the importance of teamwork. He also shares insights on navigating financial challenges during crises like COVID-19, emphasizing governance and collaboration in investment decisions.
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Early Investing
- Jon Glidden's parents gifted him stock certificates for birthdays, sparking his early interest in investing.
- In the Navy, his high savings rate and the concept of compounding further fueled this interest.
Leverage and Derivatives
- Jon Glidden recognized the power of leverage and derivatives early on.
- He was inspired by PIMCO Stocks Plus using derivatives to enhance returns.
Private Real Estate Internship
- During his internship at Lazard, Jon Glidden gained experience in private real estate.
- He learned the potential of undervalued assets and the impact of active management.