The Ledger, every show

“I would say, 20 years from now, there's not many purely institutional, or purely RIA, or purely retail players. Everything is blended together, whether it's asset managers, advisors, or the end participants, even.”

“The other thing is this is going to continue to happen. I don't think these are the last two firms that are going to tie up with RIA platforms.”

“In the short term, I think it's just Really hard to look at things and say, all right, we're moving forward and markets are going up and we're going to buy more when it feels like the market's gotten a little bit ahead of itself and we're more likely to see a …”

“While some are saying this is a breakthrough, and we're going to be a lot more flexible working from home, I think we're going to go back to normal pretty quickly, and we're going to be road warriors once again. So it's actually, I'm not answering the question…”

“And the bottom 50% of our economy hasn't seen a wage increase in over 50 years.”

“Hightower is owned by TH Lee. It's been a very successful investment for them. They've rolled it into a continuation fund. That continuation fund has a life on it, and they'll have to figure out something. There will be another transaction a few years from now…”

“Within a fixed income allocation, It's a pretty high tracking error strategy when you think about what most fixed income strategies deliver for tracking error.”

“Our expectation is that calls and distribution will both be lower. I think when we analyzed it, calls and distributions were down by a third to half through the global financial crisis, and that's sort of our base case right now that we can expect At least a t…”

“I actually think it'll be slow right now, and right now being the next One to three months, call it. And then I think it's going to ramp up like crazy. One, it'll be a little bit of a backlog. And two, what we were talking about earlier, some of those credit o…”

“The large public funds aren't doing much in venture. So it's, We definitely think it's worth it. I'd say there's more of an appetite for venture from our smaller and medium sized endowment clients. A 500 or billion dollar endowment can make a five or ten milli…”

“If you look at the publication of AI research, probably two X has come from China as opposed to the US.”

“In 2030, or sometime in the 20 thirties, China is going to move to negative population growth.”

“The tailwind that has helped all of us the last decade is the OCIO channel. And that has been a great source of growth for us and many others.”

“We looked at some of the big private equity firms starting to raise hundred person sales forces to attack that market, and we thought, well, that's not really implementable for any PC, so let's keep it on there, but we don't really have anything right now.”

“Hightower has gone through a lot of acquisitions. They've acquired a 140 advisor teams.”

“Everyone is looking at the TALF opportunity now, so we've got everything from long only liquid Managers talking about that.”

“We've been fully independent, employee-owned our entire almost forty-year existence, but no surprise, we always say yes to those meetings.”

“Having our partners keep it confidential for what amounted to about seven months, Which is a borderline miracle at the end of the day.”

“NEPC's been around since 1986. We're a global investment consulting firm. I think probably about 400 clients, about a trillion dollars in assets under advisement, and a very diversified client base.”