Matt Botein
On 1 show, 1 appearance. The Shows tab opens the full record on each.
1shows
1appearances
13statements
1resolved
1supported
0contradicted
100%fully supported
Everything Matt Botein said on any show that made the record, most notable first. Each card names its show and opens the statement there.
BlackRock backed small-business entity in Dish Network AWS-3 spectrum auction
“We did a wireless spectrum deal with Charlie Ergen and Dish Networks, where he was entering the spectrum auctions for the AWS three band, back to media and communications roots. And we backed a small business, which entered the auction as a small business elig…”
BlackRock studies showed PE delivered 300 to 400 bps of pure alpha
“First of all, empirically, the private equity industry has delivered a premium. We did these studies at BlackRock, and even when you controlled for Cap selection, industry focus, leverage adjustments, fees. It still delivered, you know, three to 400 basis poin…”
Opportunity Zone challenge is finding deals, not raising capital
“I think the opportunity zone thing, the challenge is going to be finding good deals, not finding capital.”
Family offices cannot replicate large-cap direct PE with two-person teams
“Having said that, I'd be pretty critical of some of the efforts to try to internalize and do it directly. Not that the people who are doing it aren't great, but if you look at Blackstone, I don't know how many people they have in the private equity department …”
Passive indexing growth makes fundamental hedge fund alpha harder to generate
“If you're halfway there, there's half as many shares being sold into that news event than there used to be. Or, like, way more cynically, there's fewer dumb decisions being made in one part of the world That can be profited on from the other. And at the same t…”
Fed refused new bank charters for PE and hedge fund applicants
“It was clear to me that it was not the direction of travel in the Federal Reserve System at the time to give new banking charters to anyone. But if they were going to give them to anyone, it wasn't going to be somebody whose pedigree said, hedge fund, private …”
Rent-to-own minimizes breakage costs compared to subprime mortgage foreclosures
“No one should really lend to someone who might default because the foreclosure process has been proven to be too expensive, and so the right answer really is a rent to own, as with furniture. Rent the house. Establish your credit history. You have an option, a…”
Gallatin Point provided a $210M convertible preferred backstop for SPAC merger
“We ended up writing a variable-sized convertible preferred with warrant coverage, and so we were willing to put in up, and we brought in partners up to Two hundred and ten million dollars, but the company could reduce that amount to the extent that the SPAC mo…”
Large institutions will shift to separate accounts over traditional commingled funds
“I think for the biggest institutions, you'll see more separate and managed account platforms that those will gain share because they give just so much more Control. Control and transparency to investors. I think at the big end, you'll clearly see that.”
Botein: Distressed and credit strategies face lower expected returns
“If you move a little off the run into distress and credit related investments, there's a lot more money going after those. And just because of where we are in the cycle, a lot less of them. So that supply and demand thing, I think should point to, you're going…”
Botein: Personal wealth portfolios should map future consumption to real assets
“I am a believer in real assets. I think as a person, you're ultimately trying to lock in Your and your family's ability to purchase. And so if you kind of break that up into what it is you're planning on purchasing, a lot of it can be mapped to a real asset po…”
Pension fund hypothecated art portfolio to satisfy arbitrary board liquidity rule
“I used to encounter at BlackRock, we met a pension fund that had come to us for permission to basically hypothecate their entire art portfolio to Deutsche so that they could get an intraday liquidity facility because their board wanted them to be intraday liqu…”
Gallatin Point structured prime student loan securitizations yielding LIBOR plus 700
“The average FICO of their loans was kind of seven 67 70, and had some interesting characteristics about non-dischargeability and bankruptcy. Low default rates through the crisis for this subset of student loans, and yet they price at, call it LIBOR plus 700. A…”
One line per show, most statements first. The link opens Matt's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 CAPITAL ALLOCATORSLEDGER | 1 | 13 | 100% 1/1 | full record on Capital Allocators → |