As companies remain private longer, investors increasingly need new ways to access growth that once occurred in the public markets. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Kevin Moss, managing director at Liberty Street Funds and portfolio manager of the Private Shares Fund (PRIVX), about how active managers research, value and manage portfolios of late-stage private companies. They discuss the role of governance and management quality in investment decisions, how disciplined valuation frameworks help separate compelling investments from compelling stories, and why diversification, position sizing and liquidity planning are critical in private markets. They also explore the evolution of secondary markets, the growing push to expand retail access to private investments and the trends shaping the next generation of private-company investing. Recorded July 8.

 

As companies remain private longer, investors increasingly need new ways to access growth that once occurred in the public markets. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Kevin Moss, managing director at Liberty Street Funds and portfolio manager of the Private Shares Fund (PRIVX), about how active managers research, value and manage portfolios of late-stage private companies. They discuss the role of governance and management quality in investment decisions, how disciplined valuation frameworks help separate compelling investments from compelling stories, and why diversification, position sizing and liquidity planning are critical in private markets. They also explore the evolution of secondary markets, the growing push to expand retail access to private investments and the trends shaping the next generation of private-company investing. Recorded July 8.
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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

Liberty Street’s Moss on Private Company Research

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f6d6312e-9416-4d2e-a6b2-b48701321c24/transcript

As option-based income ETFs move deeper into adviser portfolios, product design and implementation are becoming just as important as the income they seek to deliver. In this episode of the Inside Active podcast, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Wes Mathews, senior managing director and head of investment strategy at NEOS Investments, about how the category has evolved from early covered-call strategies into more dynamic, tax-aware approaches. They discuss why investors have turned to options-based ETFs as an alternative source of income, how NEOS seeks to balance monthly distributions with equity participation, and why flexibility around option coverage, strike selection and volatility can matter across different market environments. They also explore the role of tax-loss harvesting and index options in after-tax outcomes, how advisers are using these funds across equities, fixed income and alternatives, and where options-based ETF strategies may expand next. Recorded June 23.

As option-based income ETFs move deeper into adviser portfolios, product design and implementation are becoming just as important as the income they seek to deliver. In this episode of the Inside Active podcast, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Wes Mathews, senior managing director and head of investment strategy at NEOS Investments, about how the category has evolved from early covered-call strategies into more dynamic, tax-aware approaches. They discuss why investors have turned to options-based ETFs as an alternative source of income, how NEOS seeks to balance monthly distributions with equity participation, and why flexibility around option coverage, strike selection and volatility can matter across different market environments. They also explore the role of tax-loss harvesting and index options in after-tax outcomes, how advisers are using these funds across equities, fixed income and alternatives, and where options-based ETF strategies may expand next. Recorded June 23.

NEOS’ Mathews on the Evolution of Option ETFs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/de6c8399-4006-4cc3-8e6e-b48001249f07/transcript

Option-income ETFs have become one of the fastest-growing segments of the ETF market, but headline yields often obscure meaningful differences in portfolio construction, risk profile and objectives. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with John Burrello, senior portfolio manager for Invesco’s Global Strategies team, including the Invesco QQQ Income Advantage (QQA), about how investors should evaluate these funds beyond their headline yields. They discuss the trade-offs between income generation, equity participation and downside protection, why total return may matter more than distribution rate alone and how volatility can affect option-overlay strategies. They also explore the differences between systematic and passive approaches, the risks of chasing unusually high yields and why advisers may view these products more as equity replacements or complements than fixed-income substitutes. Recorded June 11.

 

Option-income ETFs have become one of the fastest-growing segments of the ETF market, but headline yields often obscure meaningful differences in portfolio construction, risk profile and objectives. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with John Burrello, senior portfolio manager for Invesco&rsquo;s Global Strategies team, including the Invesco QQQ Income Advantage (QQA), about how investors should evaluate these funds beyond their headline yields. They discuss the trade-offs between income generation, equity participation and downside protection, why total return may matter more than distribution rate alone and how volatility can affect option-overlay strategies. They also explore the differences between systematic and passive approaches, the risks of chasing unusually high yields and why advisers may view these products more as equity replacements or complements than fixed-income substitutes. Recorded June 11.
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Invesco’s Burrello on Option Income Trade-Offs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bc5f243f-f30f-455f-bbb2-b47900f0b60b/transcript

The rapid growth of active ETFs is pushing traditional and boutique managers to adapt mutual-fund strategies into ETF wrappers without compromising their investment identity. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Matt Caumso, Head of ETF Solutions at Baron Capital about how boutique active managers can translate established mutual-fund strategies into the ETF wrapper. They discuss why Baron entered the ETF market, how mutual fund conversions can give active managers scale and continuity, and what liquidity, capacity and transparency mean for long-term, high-conviction strategies. They also explore the operational demands of launching ETFs, the importance of dedicated capital markets expertise, and how active ETFs can complement passive-heavy portfolios. 

The rapid growth of active ETFs is pushing traditional and boutique managers to adapt mutual-fund strategies into ETF wrappers without compromising their investment identity. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Matt Caumso, Head of ETF Solutions at Baron Capital about how boutique active managers can translate established mutual-fund strategies into the ETF wrapper. They discuss why Baron entered the ETF market, how mutual fund conversions can give active managers scale and continuity, and what liquidity, capacity and transparency mean for long-term, high-conviction strategies. They also explore the operational demands of launching ETFs, the importance of dedicated capital markets expertise, and how active ETFs can complement passive-heavy portfolios.&nbsp;

Baron’s Matt Camuso on Bringing Active to ETFs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1df2e78c-960f-4020-9d59-b472012d8414/transcript

Liberty Street’s Moss on Private Company Research

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