Over 90% of Vanguard's investor capital remains strictly US-based
“They have 20,000 employees, they have fifty million investors worldwide, but notably, the last thing I'll say is, a little over 90% of their investors And their investor capital is in the US. So they're not nearly as global as BlackRock or Invesco or Franklin …”
Invesco's private credit platform manages approximately $50 billion in assets
“Invesco's private credit platform, which today is about a fifty billion dollar credit platform.”
Invesco's direct lending team refuses secondary loan pieces from competitors
“If we were to get a call from another direct lender who said, hey, we've closed the deal. We're long, fifty million dollars. We'll send you our IC memo. Would you guys want to buy it? Not for any reason other than that's just not how we conduct business. We wo…”
Invesco partners with peer direct lenders on almost every private debt deal
“With maybe the exception of one or two, on every deal we do, we will partner up with one or two other direct lenders.”
Invesco caps fund-level leverage at one turn across its direct lending vehicles
“Across all of our vehicles, even where we have leverage, we tend to be more conservative. We won't put more than a turn of leverage on a vehicle.”
Invesco's Solutions group manages roughly $88 billion across diverse client segments
“Within the solutions group, we manage about eighty eight billion of assets, and that's pretty diverse across client type.”
Invesco is positioned pro-cyclically in small/mid-caps and value equities
“If I look at our current positioning, tends to be a bit more pro-cyclical. We tend to favor smaller and middle capitalization companies, value-oriented companies, because what we're seeing from the economy is actually Quite impressive.”
Haghbin: Invesco scores internal and external managers using identical criteria
“There's no difference between how we think about the scoring of a manager, whether they're within Invesco or sitting outside of Invesco.”
Haghbin: Tweaking quantitative investment strategies during underperformance triggers a death spiral
“That's the first step to a death spiral, is if you keep tweaking and moving back and forth based on current market conditions. So I think one of the things I learned early in my career, and I still believe it, is systematic or investment processes that are wel…”
Haghbin argues neurodivergent talent offers an edge in investment management
“I've actually spent a lot of time thinking about how to bring some of that neurodivergent thinking into the workforce, because I actually think it's missing. I think there's an opportunity for us to really expand the way we think about those skill sets, and es…”