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Rick Rieder

11 statements across 1 episodes · 2 bullish · 1 bearish · 2 people on the record · first statement Aug 26, 2021 by Rick Rieder · across every show →

On the record as a speaker too: Rick Rieder's record, appearances and statements → this page counts the times other people say the name.

Everything said about Rick Rieder, oldest first

Aug 26, 2021 neutral
Assertion Supported
Rieder: BlackRock's global fixed income platform manages $2.6 trillion in assets
“I'm the CIO of global fixed income. So I guess our total size of that is 2.6 trillion. We've got obviously huge I shares business, a big passive business.”
Rick Rieder Aug 26, 2021 ▶ 15:33 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021
Insight
Rieder: Leaders should let team members execute sub-optimal ideas with limited downside
“One of the things you learn over the years, it's like somebody on your team could have an idea and investment or what have you. And you actually think it's not the right idea. And then at times, if it's, obviously it's not going to hurt significantly, you let …”
Rick Rieder Aug 26, 2021 ▶ 14:31 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021
Insight
Rieder: In trading, being right does not matter if the market moves against you
“One thing you learn in in trading is it's not about being right. It's about making money. You could be right. And if everybody thinks you're wrong or everybody thinks you own them all, you're going to lose.”
Rick Rieder Aug 26, 2021 ▶ 17:50 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021 neutral
Prediction Not checkable as stated
Rieder: US inflation will normalize to around 2% once reopening fades
“But if you normalize airfare, lodging, growth of used cars, et cetera, you're going to run at two-ish percent, maybe a little higher. But I think they're right on the transitory thing generally.”
Rick Rieder Aug 26, 2021 ▶ 37:05 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021 neutral
Assertion Partly supported
Rieder: Subprime auto ABS spreads dropped from 800 bps to 15 bps
“Triple A subprime auto was at 800 spread a year ago. It's now at 15. Single A subprime auto, I think, is at 45.”
Rick Rieder Aug 26, 2021 ▶ 36:04 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021 neutral
Assertion Not checkable as stated
McCusker: BlackRock's SIO fund runs high tracking error for fixed income
“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.”
Tim McCusker Aug 26, 2021 ▶ 8:25 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021
Disclosure
Rieder left Lehman in May 2008 before merging his fund into BlackRock
“Then I went to Lehman, went out of Lehman to run a hedge fund, and unfortunately I did a Mayo eight, wasn't exactly perfect timing. Good timing to leave Lehman, but it wasn't a perfect time to set up a credit hedge fund. And then we had a tough oh eight. And t…”
Rick Rieder Aug 26, 2021 ▶ 12:38 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021 positive
Disclosure
McCusker: BlackRock's Strategic Income Opportunities is NEPC's most notable BlackRock allocation
“So we do think highly of them and we use them in a lot of different ways, but Rick's strategic income opportunity strategy is probably the most notable one that we use.”
Tim McCusker Aug 26, 2021 ▶ 6:35 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021
Disclosure
Rieder: Fixed income strategy requires high trade volume and avoiding concentrated duration bets
“My philosophy and fixed income Is diversify, do a lot of trades, get regime right, get the asset allocation right, and then do a lot of relative value trades. Don't make a huge bet on duration. Don't make a huge bet that's going to overwhelm the whole portfoli…”
Rick Rieder Aug 26, 2021 ▶ 18:54 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021 negative
Opinion
Rieder: The Federal Reserve is making a mistake by delaying its taper
“I'm pretty wigged out, but I think the Fed's waiting too long, and I think they're making a mistake.”
Rick Rieder Aug 26, 2021 ▶ 35:32 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Aug 26, 2021 positive
Opinion
Rieder: Stan Druckenmiller and David Tepper are the best investors I've seen
“And you have to say the two best investors I've ever seen, Stan Druckenmiller and David Tepper, both are friends of mine. They have an ability in a much more efficient way than I do of separating out. That's not important. That's not important. This is importa…”
Rick Rieder Aug 26, 2021 ▶ 24:09 Rick Rieder – BlackRock (Manager Meetings, EP.08)
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