Welcome back to another special edition of Goldman Sachs exchanges, great investors.

I'm Tony Pasquarello, global head of hedge fund coverage within our global banking and markets business.

And today, I'm delighted to speak with my friend Rick Reader, chief investment officer of

Global Fixed Income for Black Rock, the world's largest asset manager.

Rick also heads the fundamental fixed income business, as well as the global allocation

investment team. Rick and his team are responsible for about 2.4 trillion dollars of assets.

So today we'll be discussing Rick's career, his views on the markets,

and his perspective on asset allocation in the current environment.

Rick, welcome to the show.

Thanks for all me, Tony.

You and I have known each other for a while,

but really only in the context of your time at Black Rock.

And can you start by telling us how you got your start

in the markets and perhaps one of the lessons that you

learned in your early years and your former to be years that you still carry with you

today? Sure and by the way thanks for having me on this. I came into the industry, I were for SunTrust Banks as a financial analyst, and I was actually accepted a job which I tell my kids if you accept something you have to do it.

And I accepted a job as a financial analyst at a business

when I went to work at the time it was Chemical Bank now

J.P. Morgan and so I was going to be a financial analyst and

somebody in a training program at E. F. Hutton.

I don't you try to trading?

You know, you like dynamic things, you like sports, try it.

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