Willy was joined by David Hunt, President and Chief Executive Officer of global asset management firm PGIM.
He and Willy discussed his experience leading PGIM for more than a decade, the convergence of the public and private markets, David’s CRE outlook by asset class, assessing risk and volatility, how tech and AI will impact PGIM and the broader investment world, and much more.
Key Points In The Webcast:
00:00 Introduction
00:59 Willy introduces David Hunt
01:43 Close to $2 trillion AUM for PGIM
03:58 How the 2012 strategy has changed
05:50 Prudential insurance and cheap capital
08:31 BlackRock vs. Nuveen: Who’s the bigger competitor?
11:00 Differences between public and private security
12:56 Managing a contrarian group
15:29 Knowing when to quit
17:31 Testing investment committee decisions
19:19 Do rigorous structures affect committee decisions?
20:12 Risk tolerance pre and post-GFC
22:24 Leading one’s team back to confidence
25:05 Lessons on course-correcting over the last 20 years
27:10 PGIM outlook on current environment
29:55 Argentina and the emerging market debt
31:35 Willy’s read on the current cycle
33:41 Private credit and banks’ return to the market
37:17 CRE growth drivers and choosing between credit and equity
41:50 The difference between risk and volatility
44:42 PGIM as a pioneer in Quant
46:02 Is PGIM investing in AI?
51:12 How tech impacts asset management
53:15 The most exciting part of David’s job
54:30 The best business decision for PGIM that paid off
57:09 Tennis, favorite tournament, and watching live
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