Talk Your Book: Customizing Alternatives

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 18 September 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, we are joined again by Brett Hillard, CIO of GLASfunds to discuss: wealth managers vs. institutions investing in alternatives, how advisors are utilizing GLASfunds, investing in alts in a rising-rate environment, how private investments could be improved, and much more! Learn More at: https://glasfunds.com/ Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits talk your book is brought to you by GlassFunds.
0:02.7	That's GLASFunds, it's GlassFunds.com.
0:06.5	Go to GlassFunds.com to learn more about how they can introduce an alternative's platform
0:11.2	to your financial advisor, wealth management platform.
0:15.3	Welcome to Animal Spirits, a show about markets, life, and investing.
0:19.3	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:24.4	All opinions expressed by Michael and Ben are solely their own opinion
0:27.8	and do not reflect the opinion of RedHole's wealth management.
0:30.8	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
0:36.4	Clients of RedHole's wealth management may maintain positions in the securities discussed in this podcast.
0:45.0	Welcome to Animal Spirits with Michael and Ben.
0:48.8	Michael, I've talked before how I grew up in the institutional investments out of the world.
0:54.8	It was Endowments and Foundations and Pensions, and they all puffed their chest out like they were kings of the world,
1:00.3	kings and queens of the world, and we're the only ones who have the ability to invest in alt because we have this money,
1:05.8	we have scale, we have expertise, and it was kind of like anyone else who gets who wants alternatives, they get seconds,
1:13.7	they get our, you know, whatever's left, they get our leftovers.
1:16.4	Yeah, I get the table scraps, and I think that's changed since I left that side of the world
1:23.5	where I was managing money exclusively for a foundation in these billion dollar funds that now wealth managers
1:30.5	are having, gaining access to these funds that aren't just like the also rants or the giant 50 billion dollar fund
1:38.3	that it's just trying to bring in fee revenue.
1:41.7	Did it start with the fund of funds?
1:43.7	Was that how retail first access this?
	...

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