Date: Jan 10, 2024Time: 6:00 PM to 8:00 PM
Jan102024

The Big Sho(r)t: Neuberger Berman’s Steve Eisman Previews the Markets (in-person)

Wed, 6:00 PM to 8:00 PM CohnReznick
General PublicFinance

Description

Steve Eisman shot to fame in 2008 when he shorted collateralized debt obligations (CDOs) that were tied to mortgage bonds. He was profiled by bestselling author Michael Lewis in The Big Short, which was adapted into a hit movie. But the subprime crisis was just another area where he spotted opportunity at the most apropos time.

Eisman, 61, is now a managing director at Neuberger Berman, a huge entity with over $450 billion in assets under management. 

With the market volatility daily, which is seemingly due to any number of macro events – political gridlock in Washington, the war in Ukraine and Israel, inflation, and high interest rates – the time to take a deep dive into what 2024 holds seems like a good bet.

In October, the Wall Street Journal reported Eisman was buying bonds for the first time in his career. And with the government investing into the nation’s crumbling infrastructure, Eisman’s thesis was centered around what he called “revenge of the old school.”

“This is the first industrial policy in the U.S. we’ve seen in several decades,” Eisman told the Journal. “The money isn’t spent yet – it’s the government, it doesn’t take a week. There has been no revenue impact at this point, and I don’t think most of the spending has been embedded in any stocks.”

Eisman also made headlines in recent weeks by calling out his alma mater, the University of Pennsylvania, for failing to defuse the antisemitic sentiments emanating from students during the start of the Israel-Hamas war.

Eisman will address the markets and other issues in an exclusive hour-long conversation hosted by the Harvard Business School Club of New York. Join us for this insightful and candid discussion as we kick-off the new year.
 
6:00 pm Check-In; Event from 6:30 pm to 8:00 pm
FOR SECURITY REASONS, NO WALK-INS ARE PERMITTED

Pre-registration is required and will close at Noon on Tuesday, January 9th, 2024.

Please note that no refunds will be issued. 

Bios

Speaker

Steven Eisman

Managing Director, Neuberger Berman

Steven Eisman, Managing Director, joined the firm in 2014. Steven is a Senior Portfolio Manager for the Eisman Group, within the firm’s Private Asset Management division. Prior to joining the firm, he was the founder and portfolio manager of Emrys Partners, L.P. Previously, Steven was a partner and the senior portfolio manager of the FrontPoint Financial Services Fund, which began operations in March 2004, and the FrontPoint Financial Horizons Fund, which began operations in January 2006.

Earlier in his career, Steven also served as a managing director and senior financial services analyst at Chilton Investment Co. He held the same role at Oppenheimer & Co. within the Investment Bank, Asset Management and Specialty Finance divisions. Since 2004, he has been a Portfolio Manager. Steven holds a BA from the University of Pennsylvania and a JD from Harvard Law School.

Moderator

Sara Eisen

Journalist at CNBC

 Sara Eisen is co-anchor of CNBC’s Closing Bell. She is known for her deep expertise in financial markets and the global economy as well as regular news making interviews with some of the most prominent names in the financial world.

She joined CNBC in December 2013 as a correspondent, focusing on the global consumer. Prior to CNBC, Eisen was co-anchor of Bloomberg Surveillance as well as a correspondent for Bloomberg Television. Eisen holds a master’s degree in broadcast journalism with a concentration in business reporting from the Medill School of Journalism at Northwestern University. 

Date Time

Date: Jan 10, 2024Time: 6:00 PM to 8:00 PM

Location

CohnReznick1301 6th Avenue - 10th Floor
New York, NY 10019
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Price

  • 15 / Member/Member Guest (limit one)
  • 30 / Alumni Non-Members
  • 40 / General Public
  • Free / Patron Members (please contact programming@hbscny.org)

Sponsors

Organizer

Barrie Moskowitz

CohnReznick

1301 6th Avenue - 10th Floor, New York, NY, 10019