CIO Greatest Hits: Single Family Offices – Steve Rattner (Willett Advisors)

In this episode of Capital Allocators, host Ted Seides replays a conversation with Steve Rattner, who manages Michael Bloomberg's family office, Willett Advisors. Rattner discusses his diverse career, from journalism to investment banking, private equity, and government service as the Car Czar during the 2008 financial crisis. He shares insights into Willett's investment strategy, which is based on an endowment model, and the challenges of managing a large amount of capital. Rattner also delves into the firm's approach to public and private markets, hedge funds, and emerging markets like China, as well as his views on corporate stewardship and the current political climate.