Barings

“How the Rothschilds, the Barings, in many cases, they're like smuggling gold, or illegally transferring materials through like blockades during wars. There's all kinds, they were cutthroats. That's how all the great houses were built”

“One of the things I learned pretty early on when I started looking at credit is credit is one of the asset classes that works for you. 24 hours a day, seven days a week. You're accruing a coupon all the time. So if done correctly and minimizing losses, there's…”

“I think it is one of the best, if not the best, ownership structures.”

“I've always viewed management's job. So my job now to really live in the future. What is going to allow us five years from now to be as well positioned as we are today. But what we're doing today in the success we're having today was really a result of what wa…”

“We run everything as a team-based approach. We have investment committees for all of our products. We don't have the star portfolio manager that a business is built solely around.”

“I always felt early in my career, I would rather know something and know I don't like it than not know something and think I don't like it. And that just breeds anxiety into the organization. It reduces trust. And we want to give people information. If you can…”

“Every time you move up in a new role is the things that you used to do, you should stop doing. And the reality is I should model what I expect other people to do. And I should make fewer and fewer decisions as I move up the organization. I should make bigger d…”

“I would tell people when they first would report to me, if I had a new report, you're going to make 10 decisions in a year. Nine of those decisions, I'll agree with a hundred percent. One of them I may actually hate, but guess what? That's your decision to mak…”

“When you come from a certain line of business and everyone comes from somewhere where their skills are probably more skewed and stronger than others, is you have a tendency to gravitate back towards those when you're uncomfortable.”

“We run a general sales force, which I believe is the right way to really get proper scale. We challenge ourselves all the time. Is having a specialist sales force the right way to go? Just very difficult to get operating leverage in that scale if you're doing …”

“Insurance companies have an existential need for asset management capabilities. So there is a symbiotic relationship between the two because they take their premiums in and they need to invest those prudently to be able to not only meet the claims, but hopeful…”

“Portfolio finance side, where we're doing GP lending and NAV lending, those are originated things. That's where we're investing dollars, and that's where we're going to see expanding anything that can be directly originated and is unique product for our client…”

“If you can find ways to get premium from either illiquidity or premium from complexity on assets that you're originating without taking additional credit risk, that's the sweet spot.”

“My approach to that is I think business model dictates what the definition of scale is more than AUM and dollar amount. You could have a trillion dollars and that's not enough scale, or you could have fifty billion and have plenty of scale. So your business mo…”

“And I would say in the next five years, I would probably be disappointed if we hadn't done something that was significantly increased the size of bearings.”