“A Fed balance sheet at $6 trillion is more responsible than a $20 trillion balance sheet”
BK
Brij Khurana
Alpha Exchange ·
Monetary Matters with Jack Farley · The Private Credit Boom is Over: Redemption Requests Exceed Liquidity | James Elbaor | Marlton LLC
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Adopted a permanent-capital, balance-sheet strategy and avoided redemption pressure
Share price doubled from IPO in April to $50 per share
“A Fed balance sheet at $6 trillion is more responsible than a $20 trillion balance sheet”
“ETFs do things like in-kind creation. They have redemption mechanisms that help continue to defer those taxes in the future”
“She states: “Stress is equal to pressure divided by resilience. Pressure is not in my control…”
“We can sort of look through that noise, because no one can take our capital away from us. That's what we talk about when we talk about permanent capital.”
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