67. Finance, Philosophy, and the Yen Carry Trade feat. John Normand

We often talk about institutional investors as the allocators of capital to the public and private markets. They are huge, active participants driving supply and demand dynamics in the fixed income and equity markets, and they often make sizable investments as LPs in private equity and private credit funds. But what exactly are they trying to accomplish, and why?We sat down with John Normand --- the former head of Cross-Asset Strategy at JP Morgan and the current head of Investmen...