Paul Zummo
The Guardian
What holds, and what fails, under pressure, standards and accountability.
Paul Zummo reads as The Guardian because his first instinct is to protect capital integrity before pursuing return. He interrogates what can go wrong before assessing upside, a custodial rather than opportunistic orientation.
“Yeah, for sure. And interesting, like, if we would have met 25 years ago, 15 years ago, I would have said the same thing is that I'm not here to say the hedge fund industry as a whole is such a tremendous value proposition. Like that was never the thesis.”
“And partially, like what had often been written in the press was the negative side of hedge funds going after this currency or that currency. And I think the perception was one of, you know, either it was negative or just a lack of understanding. So a lot of what we did early days was just educationally.”
“Listen, if you could find $20 bottles of wine and drink like $60 billion, but I'm forgetting the name, but I have a Sangiovese like that. Yeah, which I found at one of the, you know, you go to these wine tasting events, but you go around and you could taste. Could be blind, but this is like a James Suckling one.”
“Morgan alternative asset. Wait a minute. I mean, it was no internet, right? So back in 1995, I mean, I don't know, you know, like we knew a fraction, we knew 5% of what we knew. I mean, it's all about getting, you know, it's all about getting an edge and continuing to reinvent yourself.”
Masters in Business: “How to Think About Alternatives with JPMorgan's Alternative Asset Management CIO Paul Zummo”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE