Investment Titan Rethinks the Active Management Model
Featuring Peter Kraus and Grant Williams
Published on: June 12th, 2019 • Duration: 84 minutesPeter Kraus, chairman and CEO of Aperture Investors, analyzes the enormous misalignment of incentives in the active management industry, and reveals how he plans on combatting the secular rise of passive management. Kraus discusses his former career as head of Investment Management at Goldman Sachs, his experience behind closed doors with Hank Paulson during the financial crisis, and his time as CEO of Alliance Bernstein, in this unique interview with Grant Williams. Filmed on June 6, 2019 in New York.
1980s Secular Shift Lower in Interest Rates
Growing Goldman in Japan
Transition from Goldman
The Financial Crisis
Policy Path Post-Crisis
Becoming CEO of Alliance Bernstein
The Rise of Passive Management
Structural Reasons Behind the Rise of Passive Investing
How are You Disrupting Passive Investment?