from Integrated Whale Media and the Forbes family, with much of the stake syndicated to other investors. The deal valued Forbes at nearly $800 million, and Russell said he has more than $500 million in commitments, with the majority from American investors but with a global footprint that reflects his hopes for international growth.
“Finally the power of computers has reached a point where AI has pushed the threshold of what was previously considered to be the depths of its capacity,” said Amir Salek, senior managing director at Cerberus Capital Management. “This is the first time that AI has enough data and computing power at the same time.”
“I think technology is overhyped,” said Chhabra. “We already have the technology to solve most of our problems, and we’ve had it for the last 50 years. It’s human beings that solve problems, not technology.” The royal, who started working at her father’s investment company when she was 16, has spent a large portion of her career building up her family office and her own investment firm. “It was shocking how apathetic people can be within your own family,” she said. From consolidating real estate assets, implementing legal contracts and delineating a clear investment strategy, she has seen the family office’s structure mature.
Both are otherwise largely taking a wait-and-see approach with high rates and trillions of dollars of debt maturing, but Khosla pointed to commercial real estate maturities on the horizon that could fall to enticing levels with that industry in a precarious state. Investors have to “understand what [they] want to achieve in the long term,” in order to best position themselves for returns, said Grew. The newly named CEO of $3.6 billion Man Group urged investment managers to practice liquidity management with customer assets following the banking closures of the past months.
“We see a huge opportunity in India, Indonesia and Southeast Asia in general,” Morgan said. “We put a third of our funds outside the U.S., and we think that’s where the growth is coming.” “The better risk-adjusted value is not in new AI companies but looking at companies in your portfolio and seeing where they can use AI,” said Reum. “We just have to be careful that we don’t get caught up with the next big hype like we did in the past,” he added.
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