AdvisorShares Chief Operating Officer and Portfolio Manager Dan Ahrens talks vice investing and what it took to get a US cannabis ETF listed with host David Cohne, Bloomberg Intelligence mutual Fund and active analyst and co-host Breanne Doherty, BI’s head of thematic strategy. They also discuss how Dan evaluates companies for the portfolio, why active is better than indexing for cannabis investing, and the potential for cannabis rescheduling.

AdvisorShares Chief Operating Officer and Portfolio Manager Dan Ahrens talks vice investing and what it took to get a US cannabis ETF listed with host David Cohne, Bloomberg Intelligence mutual Fund and active analyst and co-host Breanne Doherty, BI’s head of thematic strategy. They also discuss how Dan evaluates companies for the portfolio, why active is better than indexing for cannabis investing, and the potential for cannabis rescheduling.

Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

Inside Active by Bloomberg Intelligence

AdvisorShares Ahrens on Cannabis Investing

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9e046388-ed83-4687-ac13-b1cb0128ff0a/transcript

In a market shaped by index concentration and short-term performance pressures, contrarian strategies are leaning into opportunities others may not have the patience or liquidity to own. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Murray Stahl, CEO, CIO and co-founder of Horizon Kinetics and a portfolio manager for the Paradigm Fund (WWNPX). They discuss the firm’s long-horizon contrarian philosophy, grounded in Stahl’s view that investors optimize for one-year grading periods, and its concept of an equity yield curve to explain why long-duration opportunities can be overlooked. The conversation also covers the fund’s willingness to let winners compound rather than trim positions, the tax considerations behind concentration, Stahl’s framework for Bitcoin exposure and why he views private investments as a natural extension of the strategy in an era of index dominance. The podcast was recorded on Feb. 18.

 

In a market shaped by index concentration and short-term performance pressures, contrarian strategies are leaning into opportunities others may not have the patience or liquidity to own. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Murray Stahl, CEO, CIO and co-founder of Horizon Kinetics and a portfolio manager for the Paradigm Fund (WWNPX). They discuss the firm&rsquo;s long-horizon contrarian philosophy, grounded in Stahl&rsquo;s view that investors optimize for one-year grading periods, and its concept of an equity yield curve to explain why long-duration opportunities can be overlooked. The conversation also covers the fund&rsquo;s willingness to let winners compound rather than trim positions, the tax considerations behind concentration, Stahl&rsquo;s framework for Bitcoin exposure and why he views private investments as a natural extension of the strategy in an era of index dominance. The podcast was recorded on Feb. 18.
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Horizon’s Stahl on Letting Winners Run

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7476b9ca-89fe-4458-8732-b40900e4a74b/transcript

Active ETFs, especially in fixed income, are surging as 10,000 Americans retire each day and demand grows for predictable, outcome-oriented income solutions for the trillions of dollars held in retirement accounts. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Dave Abner, head of global ETFs and funds at Northern Trust Asset Management. They discuss Northern Trust’s distributing ladder ETFs and the evolving opportunity set in municipal bond ETFs, while also examining why active ETFs are hitting a “hockey stick” growth moment. The conversation explores how automation and market-structure shifts may be reshaping traditional alpha opportunities in fixed income and what that means for risk-taking and portfolio construction. The podcast was recorded on Feb. 26.

Active ETFs, especially in fixed income, are surging as 10,000 Americans retire each day and demand grows for predictable, outcome-oriented income solutions for the trillions of dollars held in retirement accounts. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Dave Abner, head of global ETFs and funds at Northern Trust Asset Management. They discuss Northern Trust&rsquo;s distributing ladder ETFs and the evolving opportunity set in municipal bond ETFs, while also examining why active ETFs are hitting a &ldquo;hockey stick&rdquo; growth moment. The conversation explores how automation and market-structure shifts may be reshaping traditional alpha opportunities in fixed income and what that means for risk-taking and portfolio construction. The podcast was recorded on Feb. 26.

Northern Trust’s Abner on Distributing Ladders

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6d2026fd-f91c-4cca-bc93-b40200fe4d43/transcript

The US remains central to AI leadership, but investors should expect broader, more global opportunities to emerge in 2026. In this episode of the Inside Active podcast, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Breanne Dougherty, BI’s head of thematic strategy, speak with Sarbjit Nahal, a portfolio manager and analyst with the Global Thematic Equity team at Lazard Asset Management, which manages the Lazard Equity Megatrends ETF (THMZ). They discuss the role of thematic investing in capturing future wealth, how Lazard identifies megatrends, why megatrend investing is critical for navigating structural shifts and the importance of valuation discipline. The conversation also explores the growing significance of power and infrastructure in the age of AI, as well as rising interest in thematic investing among institutional investors and younger generations. The podcast was recorded on Feb. 9.

The US remains central to AI leadership, but investors should expect broader, more global opportunities to emerge in 2026. In this episode of the Inside Active podcast, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Breanne Dougherty, BI&rsquo;s head of thematic strategy, speak with Sarbjit Nahal, a portfolio manager and analyst with the Global Thematic Equity team at Lazard Asset Management, which manages the Lazard Equity Megatrends ETF (THMZ). They discuss the role of thematic investing in capturing future wealth, how Lazard identifies megatrends, why megatrend investing is critical for navigating structural shifts and the importance of valuation discipline. The conversation also explores the growing significance of power and infrastructure in the age of AI, as well as rising interest in thematic investing among institutional investors and younger generations. The podcast was recorded on Feb. 9.

Lazard’s Nahal on Capturing Long-Term Megatrends

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/42e9eb0a-747f-4587-8d26-b3fb00cbc3b6/transcript

AdvisorShares Ahrens on Cannabis Investing

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