COVID-19

“At that time, in January, it's very uncertain what the course is going to be here. Is it going to get here? Is there going to be community transfer? There's just all sorts of, like, the range of outcomes is super, super, super wide at this point, so we're real…”

“I think in this current moment of COVID, S is going to get its day in the sun.”

“But I would say in the coronavirus, actually, it's been the other way around. The tops contributors did better than our fundamental managers in reacting to COVID.”

“We had a furlough of 63,000 employees”

“There's a new research that shows that looks at 67 countries and show that the more violence there is in the country, the more they have conspiracy theories about COVID 19.”

“We found one of the things that changed during COVID is what we call inclusive innovation has increased in its importance.”

“So before COVID, we found that employee benefits didn't make a big difference. Financial benefits, health benefits didn't matter. During COVID, there was actually a positive effect of these benefits, and I think it's because period when people are more worried…”

“During COVID, Where you couldn't meet management teams. We did 17 deals. We put six billion dollars to work in 17 companies, and we knew those management teams on average for over nine years, and we knew those sectors and studied them on average over 15 years.”

“Following our process, we quickly formed a view on what we thought that collateral that would go out of our fund, so the external liquidity demands would be, and it turned out we were within five percent of our estimate, which was a fantastic outcome.”

“We were fortunate we actually went into that period through our dynamic asset allocation process, underweight risk assets, and overweight cash. So we were running about nine percent cash going into COVID.”

“So when COVID happened and government started to stimulate, we sort of got really interested in whether the world was changing, and I felt like we had to reposition not just the portfolio, but the mindset of the organisation around the world being different no…”