Day Three Live from the Milken Institute Global Conference
May 8, 2024
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Explore social impact investing, US Treasuries profitability, fiscal stimulus effects on the economy, challenges for small banks, evolving private capital dynamics, market uncertainties, investing in renewable energy and affordable housing, geopolitical impacts on businesses, Chinese companies' influence in Africa, and the Federal Reserve's rate hike strategy.
New Media Ventures supports startups enhancing democracy through innovation and addressing voter discrimination and media representation.
Private credit firms like Fundamental Advisors drive community development by financing renewable energy projects, meeting the rising demand fueled by AI technologies.
Renewable energy adoption for data centers and AI technologies is accelerating, facing challenges in grid interconnections and storage technology for consistent supply.
Deep dives
Investing in Social Impact for Democracy Advancement
Focusing on social impact investing and democracy advancement, New Media Ventures, a venture fund, supports startups aiming to enhance democracy through innovation. By channeling resources into ventures that address voter discrimination and media representation, the fund drives investments towards projects promoting voter engagement and underrepresented audiences. This proactive approach involves backing companies like Blavity, a platform empowering communities, and investing in initiatives reimagining local news to expand reach and seed innovative business models.
Private Credit Expansion and Collaboration with Traditional Banking
In the financial landscape, private credit expansion is disrupting traditional banking by developing renewable energy projects, meeting the demand for dedicated energy sources for AI technologies. With a focus on community assets like infrastructure and affordable housing, private credit firms like Fundamental Advisors support community development by financing renewable energy projects and leveraging renewable green energy to meet rising demand fueled by AI and data center technologies.
Renewable Energy Adoption and Grid Interconnection Challenges
The adoption of renewables for powering data centers and AI technologies is accelerating due to the increasing energy demands and cost-effective renewable energy delivery to grids. Despite incentives and legislative mandates driving the shift to green energy, challenges remain in grid interconnections and the storage technology for consistent energy supply. Efforts are underway in advancing renewable energy adoption, driving the transition towards sustainable and cost-efficient energy solutions.
Investing in Affordable Housing for Homeless People in New York
Efforts have been made to provide affordable and improved housing to homeless individuals in New York through partnerships with nonprofits and the city's homeless services department. This initiative highlights the importance of addressing housing issues for the community's well-being and the government's involvement in such projects. While some investors may not prioritize similar initiatives, recognizing the positive impact cities experience by providing better housing solutions is crucial for overall progress.
Growing Investment Opportunities in Senior Care Facilities
Investors are observing growth potential in senior care facilities, particularly focusing on memory care needs within the aging demographic. Specialized services like memory care and assisted living present viable investment options, with an emphasis on addressing Alzheimer's and dementia-related challenges. The development of entrance fee facilities offering flexible care options, such as transitioning from minor care to skilled nursing, is gaining traction and shaping the landscape of senior care investments.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Television and Radio broadcast live from the Milken Institute Global Conference featuring Carlissia Graham, President at New Media Ventures, Anne Walsh, CIO at Guggenheim Partners Investment Management, Jason Thomas, Head of Research and Investment Strategy at Carlyle Group, Laurence Gottlieb, CEO at Fundamental Advisors, Daniel Tannebaum, Global Anti-Financial Crime Practice Leader at Oliver Wyman and Seema Shah, Chief Global Strategist at Principal Global Investors. Hosts: Carol Massar and Romaine Bostick. Producer: Paul Brennan.
