David Snyderman
The Architect
Structured and legacy-driven; builds the systems and institutions that last.
David Snyderman embodies The Architect through a discipline of building before deploying, spending nine months constructing systems infrastructure before making a single investment. His thinking proceeds in deliberate layers, assets, then data, then structure, each element load-bearing by design.
“Exactly. So the solution to that are these regulatory capital solutions. And so you're taking a portfolio of credit risk and you're transferring that credit risk to a private credit fund like us, but maintaining the customer relationship. And what banks, I think, eminently realize is the customer relationship is how they drive revenues.”
“For credit investors, everyone thinks about fixed rate risk, right? But that's easily hedgeable and that's a choice that credit investors make. So for people like Magnetar, we swap everything back to floating rate. We don't have any edge on a macro risk like that. But the second order effect is much, much, more difficult.”
“Yeah, this may be an atypical answer, but I think about luck versus skill a lot more than I ever did before. If you make a decision today and don't have an outcome for 10 years, you don't really know if you were good at it or not, right? Whether you won or lost.”
“Washu back then was a great medical school and they still do today. And in my family, being a doctor was the highest level of achievement. So I had an older sister starting medical school, and I had a relative who's actually the dean of Duke Medical School. So I had this nice glide path to be a doctor.”
Masters in Business: “David Snyderman on Specialty Finance and Data in Investing”
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