Bloomberg Surveillance Single Best Idea with Tom Keene: David Bailin & Ian Bremmer
Feb 10, 2026
Ian Bremmer, political scientist and Eurasia Group president, talks European security, NATO and nations diversifying away from U.S. trade. David Bailin, former Citigroup CIO and CIO Group leader, covers hidden asset-management fees and portfolio construction. Short, sharp conversations on geopolitics, market risks and costly industry practices.
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Hidden Fee Burden In Asset Management
- The asset-management industry hides substantial fees and fails to aggregate client accounts across advisors.
- David Bailin says families often pay the equivalent of 9–10% of annual returns in total fees, which is shocking given available technology.
Aggregate Accounts And Use Forward-Looking Models
- Aggregate accounts across multiple advisors to see true performance and total fee load.
- Use forward-looking asset allocation instead of backward-looking models to avoid flying blind, David Bailin warns.
Global Hedging Against U.S. Dependence
- Countries and institutions are diversifying away from sole dependence on the U.S. through broader ties with EU, China, India, and others.
- Ian Bremmer highlights that allies like NATO still rely on the U.S., but economic hedging is increasing across partners.
