My guest this week is Phil Huber, the Head of Portfolio Solutions at Cliffwater. The private credit market has exploded recently, with Assets under management reaching a staggering $1.2T last year. I’ve been a little skeptical of this asset class, so I asked Phil to come on and convince me otherwise. We talk about the demand side of the equation, whether we are in a bubble, downside protection, due diligence, volatility and more. Phil also covers his backstory and his unique role at Cliffwater. Please enjoy this conversation with Phil Huber.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
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Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes
(00:00:00) Welcome to Making Markets
(00:01:07) Transition from RIA to Buy Side
(00:02:13) Career Journey and Passion for Alternatives
(00:04:28) Understanding the Role of a CIO
(00:06:55) Evolution of Alternatives in Wealth Management
(00:08:23) Phases of Alternative Investments
(00:10:53) Growth and Demand for Private Credit
(00:15:48) Private Credit Performance and Risks
(00:28:08) Writing and Sharing Knowledge
(00:32:23) Role at Cliffwater and Fund Management
(00:40:07) Phil on The State of the Public and Private Credit Market
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My guest today is Richard Teng, the CEO of Binance. As a former regulator in Abu Dhabi, Richard was instrumental in making the city one of the world’s friendliest places for crypto. Today, he leads the world's largest crypto exchange into the post-CZ era. We talk about the painful lesson of the past year, working with regulators and putting the customer first. We also cover the Nigeria incident, the impact of the ETF, and why he’s bullish about the global regulatory outlook for Crypto. Please enjoy this conversation with Richard Teng.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes
(00:00:00) Welcome to Making Markets
(00:01:47) The Growth of Binance
(00:03:21) Crypto Adoption and Regulation
(00:03:50) Binance's Business Model
(00:06:52) Compliance and Regulatory Challenges
(00:19:11) The Role of Media in Crypto
(00:26:13) Global Crypto Adoption Trends
(00:29:28) Surprising Moves in Crypto Adoption
(00:29:50) Superpowers and Crypto Policies
(00:31:01) Emerging Markets and Crypto Challenges
(00:31:30) Nigeria's Crypto Struggles
(00:34:59) Global Crypto Regulation and Cooperation
(00:36:07) US Crypto Market and ETF Impact
(00:37:32) Crypto Trading Dynamics and User Insights
(00:48:00) Crypto Regulation Across the Globe
(00:54:30) Future of Crypto and Binance's Vision
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