The Ledger, every show

“And McDonough says to me, Jake, the SIC is not a fan of investing in minority owned firms.”

“Larry Fink comes out with an announcement on June, 22nd, that he's going to increase his black staff by 30% over four years. I'd like to think that we had positive influence there, but I think that it really was not a heartfelt announcement. It was really desi…”

“They originally told us, quote unquote, it was against their fiduciary responsibility to invest with women and minority-owned firms. Their website now says women and minority-owned firms, we're open for consideration.”

“Wall Street's a meritocracy. And I always say the numbers don't lie. And at the end of the year, you can add everything up. Well, if an African-American marketing professional or asset manager or portfolio manager had much less in the way of an opportunity set…”

“And so the game that's played on Wall Street that isn't so subtle is that if there is a client And the firm wants to do business with that client. They think that they need to select a woman if that client is a woman. Or they think they need to select an Afric…”

“One of the areas that African Americans always got pushed into was municipal finance. Why? Because they felt like government institutions would be a better place for them to go knocking and calling versus calling on corporate America.”

“Let's face it, you know, over the course of my career anyway, the smartest people worked for endowments and foundations.”

“When I went to work for Citadel, it was an opportunity to go work for a guy who I think Holds the title world's best moneymaker, Ken Griffin, and a chance to understand how he put that organization together, how he managed to just print money for a longer per…”

“Because I think sometimes, in my career at least, I have found that the street produces a product. And then it goes out there and it tries to jam that product through decision makers. And what it taught me was that reverse engineer the process. Go and spend ti…”

“We went around and analyzed investor portfolios, and believe it or not, Ted, despite some of the world's largest institutions being invested in hedge funds and other types of alternative products, they were paying full fees. The overwhelming majority of the in…”

“Outside of those of us that came through some type of diversity program, everyone else was white.”

“Sponsors for educational opportunity, and great organization, probably responsible for 60 to 70% of the African American population on Wall Street at one point.”