Insightful Investor

Eduardo Repetto, CIO of Avantis Investors, shares his intriguing journey from aeronautical engineer to financial innovator. He highlights the crucial role of scientific problem-solving in investment strategies and the evolution of financial knowledge. Eduardo discusses the power of diversification in mitigating risks while emphasizing the balance between systematic approaches and market adaptability. He also explores how AI can enhance portfolio management, transforming data handling and investor psychology for better decision-making.

In this discussion, Jason Thomas, Head of Global Research and Investment Strategy at Carlyle, shares insights on the new regime of persistent inflation and its implications for portfolio diversification. He highlights the dynamic economic impact of AI, noting its substantial contribution to GDP growth. Jason delves into the evolving roles of private markets and credit, advocating for a focus on inflation-hedged assets like infrastructure. He also examines the effects of tariffs, market concentration risks, and the importance of adapting investment strategies amidst changing economic landscapes.

Darell, managing partner at Evoke Advisors, co-founder of Bel Air Investment Advisors, and ex-Goldman Sachs Partner and manager of their Los Angeles office for private client services in the 1990s, shares insights on the evolution of wealth management, the centrality of trust and transparency, and how AI is reshaping the industry. He reflects on the advisor-client relationship, leadership, and the importance of diversification and patience in investing.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual’s or entity’s specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers’ views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

Dr. Carl Ross, a partner and lead researcher for Emerging Country Debt at GMO, offers deep insights into the world of emerging market debt. He discusses the evolution of sovereign credit and highlights the complexities of navigating defaults and economic volatility. The conversation also touches on the declining dominance of the US dollar and the benefits of investing in emerging market currencies. With local debt seen as a once-in-a-generation opportunity, Ross stresses the importance of diversification and understanding geopolitical risks for savvy investors.

Yie-Hsin Hung, the President and CEO of State Street Investment Management, shares her remarkable journey from engineering to leading a major asset manager. She discusses the importance of adaptability in navigating the complexities of asset management and fostering a culture of innovation. Yie-Hsin reflects on her resilient leadership style, shaped by her immigrant upbringing, and underscores collaboration as essential for success. She also highlights the role of partnerships and emotional intelligence in enhancing investment strategies and positively impacting financial futures.

Tony Davidow, a senior alternatives investment strategist at Franklin Templeton, shares his impressive journey through family offices and institutions. He discusses the crucial role of education in making alternative investments accessible, particularly for everyday investors. Tony highlights the evolution of investment strategies and the importance of tailored approaches for private investors. He also emphasizes the significance of clear communication about risks and rewards in both private and public markets, and explores innovative investment structures like interval funds for better asset allocation.

Blake Johnson, a serial entrepreneur, investor, and philanthropist, shares his inspiring journey from a small farming town to building Byte, a billion-dollar company without outside funding. He discusses the importance of resilience and emotional intelligence in entrepreneurship, the challenges of bootstrapping a business, and the impact of AI on direct-to-consumer strategies in health. Blake also emphasizes philanthropy's role in empowering youth, drawing from his own experiences overcoming hardship. Tune in for invaluable insights!

Andrew Metrick, the Janet Yellen Professor of Finance at Yale, delves deep into financial crises and bank runs. He reveals the vulnerabilities of the banking system and discusses critical lessons from recent crises, particularly the SVB collapse. Andrew emphasizes the pivotal role of central banks in crisis management and explains the nuances between liquidity and solvency issues. He also critiques the evolution of deposit insurance and highlights the systemic risks confronting today’s financial landscape. Prepare for some insightful revelations!

Jon is President and COO of Blackstone—one of the world’s largest and most highly valued investment firms, managing over $1.1 trillion in assets (as of 3/31/25). He shares his career journey, insights on leading through rapid growth, and his outlook on the evolving landscape of investing and innovation. Listen for a candid take on leadership, culture, and the future of finance.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual’s or entity’s specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers’ views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

Dr. Leonard Kleinrock, a distinguished professor at UCLA and a key figure in the creation of the Internet, shares captivating stories from the very first message sent in 1969. He delves into the culture of collaboration among early pioneers and the radical transformation of the internet from a research tool to a commercial platform. With a keen eye on the future, he discusses the rise of AI, advocating for combined human creativity and technological innovation while cautioning against over-reliance on machines. A fascinating exploration of history and future potential!