Private markets

WashU CIO on SpaceX: "At one point, north of 20% of the portfolio is in SpaceX"

13 takeaways: why WashU dumped all 36 hedge funds, why it would hold 70–80% in privates without a payout, and why half of today's AI companies may not…

Nov 8 • Scuttlebutt

97% of alts owners say returns beat expectations, Forbes finds

8 calls: why Goldman's COO flags 40% concentration risk in the S&P 500, why Oak Hill calls this year's private-credit panic overdone, and the $150B…

Nov 7 • Scuttlebutt

SEI doesn't bet on which train wins, it just builds the tracks, says its CEO

6 takeaways: why Q3 sales already beat SEI's best full year ever, the "disruption team" that tried to break SEI's own business with AI, and why private…

Nov 5 • Scuttlebutt

A private bank's subscription document takes 17 steps, says Subscribe's founder

6 takeaways: Why advisers still switch between two systems to buy private credit, why top venture funds stay closed to wealth clients, and why private…

Nov 4 • Scuttlebutt

The best private equity managers beat the worst by 5,000bps — Vanguard's PE head

7 insights: Why leverage now drives a quarter of buyout returns instead of half, why fund gates are a feature, and how a few sloppy lenders could taint…

Nov 4 • Scuttlebutt

Brookfield CEO: AI demand could even decline and supply would still fall far short

9 arguments: Why sovereigns are backing AI data centers in France, Sweden and Qatar, why storage is Brookfield's fastest-growing energy business, and…

Oct 31 • Scuttlebutt

LPL CEO: advisors spend 30% of their time on advice, and he expects AI to make it 70%

10 takeaways: why LPL has no non-competes and 1.5% attrition, how its model portfolio moved to 40-30-30, and why RIA aggregators now resemble the…

Oct 31 • Scuttlebutt

"Can easily be bigger than the entire operation": Federated Hermes CEO on private markets

8 lessons: Why money funds became an oligopoly, what stablecoins should copy from them, why he sells AI to staff as quality rather than cuts, and a 7.5…

Oct 31 • Scuttlebutt

iConnections CEO: we built a $500 version of Goldman's invite-only CEO conference

4 takeaways: why Gavin Baker and Antonio Gracias talked him into an Austin arena event, how Substack analysts now get IR teams' attention, and why short…

Oct 30 • Scuttlebutt

Blackstone CEO on the 2007 real estate crash: "we made 2.2 times our money"

9 moments: the 2015 bus ride with Jack Ma that led to a $10B data-center bet, 2 years spent training his successor in private, and the store his father…

Oct 28 • Scuttlebutt

Get Access CEO on Crusoe: "They have a hundred billion plus in locked-in contracts"

8 insights: why Amazon-style IPO gains now happen before the IPO, a $5,000 membership with no management fee, and why he expects OpenAI to list within a…

Oct 22 • Scuttlebutt

"We are winning the young investor": Schwab CEO on Gen Z and millennial clients

5 numbers: $190B of new client assets in a quarter, an AI assistant named Charlie, and why Schwab makes clients talk to a professional before buying…

Oct 17 • Scuttlebutt

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