In this episode, our guest is Luke Oliver, Managing Director and Head of Climate Investments and Head of Strategy at KraneShares. Luke brings his carbon markets expertise to the show as we dive into a discussion about the trillion-dollar world of carbon trading. From tracing its growth over the past decade to projecting its future potential, Luke covers the complexities of this growing market, including how carbon trading has evolved from a niche corner to a global powerhouse with markets in Europe, California, and beyond, driving substantial investment opportunities.

Our conversation includes carbon market dynamics, from understanding the nuances of futures trading to exploring the role of carbon pricing in shaping investment strategies. We also highlight the investment opportunities inherent in carbon trading, emphasizing its potential for substantial returns and low correlation with traditional asset classes. Luke outlines strategies for integrating carbon exposure into investment portfolios, drawing attention to the role of carbon ETFs in diversification and risk management. We discuss forecasts, policy implications, and investment implications and uncover the immense potential and opportunities that lie in carbon trading. Whether you're a seasoned investor or a curious observer, this episode offers a comprehensive exploration of one of the most dynamic sectors in today's financial landscape.

Recorded April 9, 2024

Nick Rosenthal, Co-CEO of Griffin Capital shares his thoughts about the affordable housing crisis in the United States with a focus on the multifamily sector. The conversation includes the origin of the housing issue, challenges in single-family home production, the shift towards renting, and the impact of factors like increased home prices and stagnant wages. Nick discusses the current state of the multifamily market, the high number of deliveries in 2023 and 2024, challenges in the credit environment, and the importance of timing in real estate development. We talk about the Opportunity Zones program as a potential solution for tax mitigation and its benefits, including gain deferral, tax-free growth, and tax-free income generation while also touching on the pitfalls of OZs, emphasizing the need for due diligence in selecting projects and managers. The conversation wraps up with speculating how the Federal Reserve's role and the uncertainty surrounding future interest rate cuts factor in.

RECORDED JAN 27, 2024

Welcome to the Dugout 2024. In this 15-minute segment Paul and Clint have a casual and semi off-the-cuff conversation about topics that range from Paul's upcoming visit to see Clint's Tar Heels play in the Dean Dome to their thoughts on “anyone under 80”. Conversation points include the Federal Reserve rate cuts, cash, employment, America’s spending, the S&P 500, the Magnificent Seven, cyclical fluctuation, playing the long game, old and new prognostications, pundits, and of course a dash of politics.

RECORDED JANUARY 19, 2024