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00:16:57 But I got the call and from a recruiter, and Jenison was an intriguing company to me. 00:27:56 [Speaker Changed] So let’s talk a little bit about riskmanagement. What we want to protect against is unintended risk. 00:29:41 [Speaker Changed] So I don’t usually hear the phrase unintended risk.
If you’re all interested in macro investing, trend following, commodities, currencies, fixed income, various types of quantitative strategies, and most important of all, riskmanagement, you’re going to find this conversation to be absolutely fascinating. With no further ado, my interview of GCM’s Ken Tropin.
Elizabeth Burton : I think it’s because I went into riskmanagement straight out school on the risk side of fund to funds and, and various other industries. 00:15:31 And so he put me in contact with a recruiter. So, so let’s talk a little bit about riskmanagement. Absolutely.
And your bio explains how you were recruited to Vanguard. And it’s paid off, it’s paid spades in terms of, it helps us make sure that we’re recruiting the right people, it helps us in terms of retaining folks. Yes, the economy can clearly keep roaring along, which we’ve seen. One, it becomes a factor.
And we brought them a plan that, you know, I think, was very similar to what the banks were doing at the time, which was providing financing to private equity-owned companies, huge area of growth in the economy. middle market is the third largest economy in the world. PE, at that point, was really just developing in the middle market.
So that would be the draw, you know, the train lines end there so you can recruit people from, from the city, but it, it was probably a little more selfish. So what we’re trying to do is use historical data to predict how an asset reacts in different states of the economy. And so that, that’s where we started the firm.
Looking at this scenario from a futuristic perspective, the students of today will play a major role in stabilizing the country’s economy in the post-COVID business world. It should not come off as a surprise that many companies and banks that you were planning to work with have frozen the recruitment process.
And it could be 00:45:50 [Speaker Changed] Feed Eye focuses on riskmanagement and and combating fraud. But it is what drives our economy, which provides jobs for people and employs people and allows them to pay their bills and support all our great social programs. That’s is how in part you differentiate yourself.
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