Marc Rubinstein

Marc Rubinstein, a former hedge fund manager and writer of Net Interest, joins to break down Blackstone, the largest alternative asset manager. They discuss Blackstone's innovative business model and how it capitalizes on low bond yields. Topics include Blackstone’s revenue evolution, unique investment strategies, and competitive advantages. Rubinstein highlights the firm’s shift towards alternative assets, particularly in insurance, and how strategic partnerships enhance their funding sources. Insights into the Hilton acquisition illustrate Blackstone's adaptive investment philosophy.

Join Marc Rubinstein, an expert in financial services and author of the Net Interest newsletter, as he dives into the turbulent world of finance. He draws fascinating parallels between the current AI boom and historical bubbles. Rubinstein also highlights the risks tied to private credit growth and discusses how Jane Street leverages technology for trading success. Explore the challenges fintech faces and how AI may disrupt entry-level jobs in finance. His insights are informed by years in hedge funds and a deep understanding of market history.