Top 3 Episodes of 2022 - #3 Joan Solotar (Global Head of Blackstone’s Private Wealth Solutions Business)
Money Maze Podcast
Money Maze Podcast
4.8 • 216 Ratings
🗓️ 20 March 2023
⏱️ 40 minutes
🧾️ Download transcript
Summary
In this episode, we’re in discussion with the Global Head of the Blackstone’s Private Wealth Solutions business, Joan Solotar.
Joan has twice been recognised in Barron’s as one of the 100 Most Influential Women in U.S. Finance, and after a background in equity research covering financial services, she joined Blackstone in 2007.
She starts by describing Blackstone’s growth in alternative assets, before explaining their private wealth solutions business. She discusses their drive to “democratise alternatives”, their client base, geographical reach and why they believe we are very early in the adoption of these assets in portfolios.
She then breaks down the components of alternatives, with a dive into their real estate expertise, the credit portfolios which have disintermediated portions of bank lending, as well as discussing hedge funds and P.E.
She discusses the liquidity trade-offs, why they have developed Blackstone University for clients, before offering some terrific general advice (especially to fathers with daughters!). Originally released in March 2022.
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Transcript
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| 0:00.0 | I believe the two most powerful words in business are just ask. |
| 0:04.4 | From a base of 200 billion of assets, my target in five years is get us to 300. |
| 0:09.6 | We struck the oil in 69 at the day before Christmas Eve. |
| 0:12.4 | On the last attempt, bang, found the oil. |
| 0:14.6 | Welcome to the Money Maze podcast. |
| 0:16.9 | I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business. |
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| 0:32.4 | If you enjoy the show, please subscribe, and we'd love you to tell a friend or colleague about it. |
| 0:37.3 | Thank you for listening. |
| 0:38.7 | We're delighted to have Schroeder's as a sponsor and corporate partner. |
| 0:42.8 | Schroeder is a global investment manager whose purpose is to provide excellent investment |
| 0:47.5 | performance through active decision making. |
| 0:50.4 | For more than two centuries, Schroeder's has evolved their understanding of markets, |
| 1:01.7 | offering investment solutions across fixed income, equities, multi-asset, as well as private markets through Schroeder's capital. |
| 1:06.2 | Schroeder's actively invests in companies with responsible and durable business models. |
| 1:12.0 | They're also a leading specialist in impact investing for clients who want to maximize positive change. |
| 1:14.1 | Capital is at risk with investing. |
| 1:17.3 | Bramont is also a sponsor of the Money Mace podcast. |
| 1:23.5 | Bramont is a British company based in Henley that was established 20 years ago by two young brothers whose dream was to design and engineer beautiful chronometers. When Giles English, |
| 1:29.5 | one of those brothers, appeared as a guest on the Moneymay's podcast last year, he brought to |
| 1:34.4 | life the wonderful history of British watch baking, helping to explain why the world sets its time |
| 1:40.2 | by Greenwich Mean Time. And he captured the incredible challenge of mastering the complexities involved |
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