CAPTRUST CIO Kevin Barry once again joined Bloomberg Radio hosts Carol Massar and Jason Kelly to share updates about life in Raleigh during the pandemic, government spending, and the effects of rising trade tensions with China.
“We have the bipartisan support for tremendous spending on the fiscal side, tremendous support on the monetary policy side. I’m not sure we would have gotten that much support if it wasn’t an election year,” said Barry.
“Who wants to go to the ballot box and say they are voting against loans for small business, I’m voting against our unemployment benefits […] There doesn’t seem to be anyone advocating much in the way of fiscal discipline.”
When it comes to environmental, social, and governance (ESG) investing: “More than half of our employees are millennials, and for a firm to grow […] you have to attract talent. And you’re getting grilled by the talent on your internal ESG policies, even before you design products for clients,” said Barry. To hear the full segment, visit the Bloomberg Radio podcast and start at the 28-minute mark.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with more than 700 employees nationwide and $390 billion in client assets under advisement (as of March 31, 2020). CAPTRUST has clients in all 50 states and provides investment advisory, asset management, and planning services to thousands of affluent private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities.