- Jay is responsible for private investments with $15 billion in AUM
- Axis Capital has $24.1 billion in total assets
- $18 trillion in total assets attending 2019 GEF
Matt Bird – Host, Traders Network Show: 00:00
Welcome back to the Traders Network Show broadcasting worldwide from Greenwich, Connecticut. I’m Matt Bird. We’re here at the 2019 Greenwich Economic Forum. And my next guest is Jay Madia. He’s the head of risk assets at Axis Capital. Jay, welcome to the show. So you’ve had the luxury, you’ve been inside and in the forum, you’ve been watching the panels, you’ve been watching the thought leaders out there. We’ve got I hear between $7 and $18 trillion under management and in this room right now. Be my eyes and ears for a second. What are you seeing in this going on inside?
Jay Madia – Head of Risk Assets, Axis Capital: 00:34
Well, we just had the first panel with Ray Dalio and Paul Tudor Jones, and I think it was an excellent panel. You don’t really see this in too many other conferences, too many other locations. They spoke very freely with each other. They weren’t afraid to talk about some of the hardest you know, some of the most difficult topics. One of which is wealth disparity.
Matt Bird – Host, Traders Network Show: 00:53
I know that the governor and the mayor talked about their foundation and some of their impact initiatives. Can you tell me a little bit about what they taught on?
Jay Madia – Head of Risk Assets, Axis Capital: 01:05
Yeah, they did. I think I think governor Lamont talked about modernizing the state of Connecticut, modernizing government, bringing in new technology and Peter Tesei I think they sort of embarrassing him up there. He’s he was the longest running mayor of the town of Greenwich, which itself is one of the oldest towns in the country. So he’s leaving office and he has a lot of, lot of ideas himself. But Peter, one of the important things he did is he put together an economic advisory committee for our town. And that’s the committee that this conference was actually born from last year.
Matt Bird – Host, Traders Network Show: 01:40
And you know, speaking which, we had the pleasure of interviewing and they headed the economic development commissioner earlier David. And this is the beginning of a series of economic development, public private partnerships.
Jay Madia – Head of Risk Assets, Axis Capital: 01:54
Yes, that’s right. And that’s a topic that I think people are going to touch on a number of times during this conference, so we’ll wait to see what they say.
Matt Bird – Host, Traders Network Show: 02:02
So Jay, from your stance, why is this event important to you guys?
Jay Madia – Head of Risk Assets, Axis Capital: 02:05
It’s important because, well, I’m here really as a volunteer. I’ve been volunteering for a Peter’s economic advisory committee for about eight years with Jim and Bruce. Jim and Bruce are the two cofounders of this event. It was their kind of bright idea last year to start it. This is our second year. It’s important because one, it really just showcases the town of Greenwich, showcases some of our strengths and some of our people, it brought together so many people who really love this town. And, and then it’s brought to brought people from all over the world. I think you mentioned 18 trillion in assets under management. You know, a third of that is from China, a quarter that is from Europe. We have a sister city relationship with Honjo in China. We have a delegation that came from there. So it’s really brought in I in in one sense it’s brought the world here to the town of Greenwich. And so it’s really a special.
Matt Bird – Host, Traders Network Show: 02:54
Well, I tell you it is special and as somebody who covers the WEF and Davos year I can tell you that there were a lot of familiar faces here. It was actually quite surprising to see the impact and the influencers that you, you were able to mass in this room. I got to give you credit, Jay, that you did a really good job.
Jay Madia – Head of Risk Assets, Axis Capital: 03:13
That thanks a lot. I mean it was obviously a team effort, but when we started last year one of our first anchors was Ray Dalio and without his leadership and his name on the event, I think it would have been difficult for us to get it started. And so last year was our first year and this year I think you’re right. We have a lot of really great people who have come here.
Matt Bird – Host, Traders Network Show: 03:35
Jay, thanks so much for having us down here today. I really appreciate it. You’ve been terrific. I know there’s some people calling you. I think you’re jumping in. Are you speaking a little bit later?
Jay Madia – Head of Risk Assets, Axis Capital: 03:43
I’m going to be speaking.
Matt Bird – Host, Traders Network Show: 03:46
All right. We can’t wait to cover that. I know we’re covering the main panel as well. So anyways, thanks for coming down. Jay Madia, the head of risk assets over at Axis Capital. Jay, thanks for coming down. We’ll be right back after these messages. A special thanks out to our syndicated partners, ABC, NBC, Fox and CVS. We’ll be right back after these messages don’t go away.