Managing the Shift from Pensions to 401k with Zach Buchwald
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 23 January 2026
⏱️ 58 minutes
🧾️ Download transcript
Summary
Barry speaks with Zach Buchwald, Chief Executive Officer and Chairman of Russell Investments about his career in investing. They discuss the creation of the smart beta philosophy. They also discuss the transition from pensions to 401ks for retirees, and the way the onus for investing has moved to the individual. Zach also describes his proposal for a program, that is now in effect, for a $1000 to every newborn who's parents open a count to show the importance of compounding.
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Transcript
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| 0:00.0 | I'm Hannah Frye and I'm on a mission to find out about a mysterious day called Q Day, |
| 0:06.3 | which experts think could be the moment our most precious encrypted data is suddenly at risk. |
| 0:12.7 | Learn more later in the podcast. |
| 0:17.5 | Bloomberg Audio Studios. Podcasts Radio News. |
| 0:24.6 | This is Masters in Business with Barry Rittoltz on Bloomberg Radio. |
| 0:31.4 | This week on the podcast, I have yet another extra special guest. |
| 0:36.7 | Zach Buchwald is chairman and chief executive officer at Russell Investments. |
| 0:41.2 | They run about $370 billion. |
| 0:44.4 | I found this to be a fascinating conversation. |
| 0:47.5 | Russell has been at the forefront of a number of really interesting innovations, indexing and outsource CIO and smart beta. |
| 0:57.3 | They were way ahead of the rest of the investment world. |
| 1:01.1 | Now they're putting together really interesting active portfolios, including private investments. |
| 1:07.8 | They work with both wealth clients as well as institutions. You may not know |
| 1:13.4 | Zach's name, but he's got an absolutely fascinating background at Black Rock, Morgan Stanley |
| 1:18.8 | and Lehman Brothers. I thought this conversation was fascinating. And I think you will also, |
| 1:23.2 | with no further ado, my conversation with Russell Investments, Zach Buckwold. |
| 1:29.7 | Zach Buckwold, welcome to Bloomberg. |
| 1:32.8 | Delighted to be here, Barry. Thanks for having me. |
| 1:34.3 | Thank you so much for joining us. |
| 1:35.9 | I spoke to your predecessor about three years ago right after the pandemic. |
| 1:40.6 | But let's start talking a little bit about your background. |
| 1:46.5 | Undergraduate bachelor's degree at Harvard what were you studying that i studied english so this was not on the on the docket that |
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