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Masters in Business

Daniel C. Chung on Probability Theories for Investors

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 3 June 2022

⏱️ 89 minutes

🧾️ Download transcript

Summary

Bloomberg Radio host Barry Ritholtz speaks with Daniel C. Chung, who is chief executive officer and chief investment officer of the asset-management firm Alger. He is also portfolio manager of several Alger strategies, including the Spectra fund, which is worth $4.5 billion. Chung has nearly three decades of investment experience; prior to that, he attended Harvard Law School and Stanford University. He is also a CFA charterholder and a member of the CFA Institute.  

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Transcript

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0:00.0

What does it take to transform a company's mission into a movement?

0:04.6

I say it comes down to two things, math and magic.

0:08.4

I'm Bob Pittman, Chairman and CEO of I Heart Media.

0:11.4

On my podcast, Math and Magic, I sit down with the visionaries on the frontiers of marketing

0:17.0

to hear how they use data and creativity to bring big ideas to life.

0:22.0

We'll hear from business leaders like Susie Geary, CMO of Ford Motor Company.

0:27.0

We are at that moment when it all changes, and I think that a big part of the why we're at that moment

0:32.0

is because of the F-150 light name.

0:34.0

It changed everything.

0:36.0

Listen to Math and Magic on our very own free I Heart Radio app, Apple Podcast, or wherever you get your podcast.

0:45.0

This is Master's in Business with Barry Redholz on Bloomberg Radio.

0:51.0

This week on the podcast, I have an extra special guest. His name is Dan Chung.

0:57.0

He has been with Alger Asset Management since 1994, where he started out in the e-commerce and technology sector as an analyst

1:07.0

before eventually becoming president, chief investment officer, and then CEO.

1:13.0

Dan Chung has been running that firm for quite a while with quite a tremendous track record.

1:21.0

The firm has $35.40 billion in assets.

1:24.0

In addition to the CEO and CIO roles, he also runs a couple of different portfolios to a greater claim.

1:32.0

Alger is best known as founded by Fred Alger.

1:37.0

We talk a little bit about various mentors, as well as what the firm's experience was in 9-11 and what they've done after that in terms of the room philanthropy.

1:47.0

They're a fairly unique growth firm that focuses on tech, healthcare, a variety of other things, specifically growth companies.

1:56.0

And we go over how they're managing through what is both a challenging but target rich period with great opportunities.

2:05.0

So with no further ado, my interview with Alger Management's Dan Chung.

...

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