Flagship 12/3, IMF 10/22, AI 10/24, Chicago video: 361Firm Digest 10/21/24

Web version

361 Community, here are highlights of our Weekly Digest:

TUE: 10:30 Town Hall & Prep Call for Flagship NY Global Conference ; 8am & 11am Briefing “IMF’s View of the World” - register

WED: 9:30am Prep Call for FLA 1/25-27 (sign up ); 10:30 Meetups & Prep for AI & Tax Deep Dives - reg .

THU: Hybrid Lunch “AI Update 5: Accelerated IQ Implications” (Zoom & 529 5th Ave.) - reg .

NOV. 7 12-2pm ET - Post-Election Debrief + Tax Deep Dive - reg .

DEC. 3: Flagship Global Conference in New York - see details and register at www.361firm.com/nydec

LAST WEEK: Briefing “Trade & Tariffs” (video , pod ); Chicago Conf. (see recording of Conversation with Ron Diamond on family office landscape ”)

CALLING FOR SPEAKERS & BREAKOUT CO-LEADERS FOR FLAGSHIP CONFERENCE DEC. 3 NEW YORK + FLA, KSA, UAE

We invite more speakers and co-leaders of Breakouts at our Flagship NY Global Conference on Dec. 3 (www.361firm.com/nydec ) with ~150 participants. Current speakers include Esther Dyson , De Kai , Mitzi Perdue , Armen Sarkissian , Josette Sheeran . Here is the Program Deck .?We can still add speakers on one of the panels on investing (by global regions, assets, industries) or philanthropy/NextGen, in one of the 20+ Breakout Roundtables, or for a TED-like topic in the morning “Peer Presentations.” We also invite speakers for future events, e.g. Jan. 25-27 in Naples & Miami (www.361firm.com/fl25 ) or Feb. 4-5 in Riyadh (www.361firm.com/gcc25 . We host a “Flagship Prep Call” on Tues, Oct. 22 at 10:30 am ET - click https://361firm.com/subs to join the Tues. 10:30 Meetups. ??

OCT. 24 AI DEEP DIVE: ACCELERATED IQ IMPLICATIONS

On Oct. 24, we host another AI Deep Dive to discuss the “Societal and Investment Implications of the IQ Acceleration of AI” via Zoom and at Polsinelli’s NY offices. In all recent 361 gatherings in SF, UK, Newport, Boston and New York, AI?is a central theme. Our Dec. 3 Flagship Conference will change a track to AI, and we host this interim Deep Dive. Register at 361firm.com/subs ?(if in person, note space is limited).

OCT. 22 BRIEFING 237: “IMF’S VIEW OF THE WORLD”

The Oct. 22 11am ET Briefing focuses on the IMF’s report on the world economy. Register .

OCT. 18: "361 CHICAGO CONFERENCE - CONVERSATION ON FAMILY OFFICE LANDSCAPE”

We had a great gathering in Chicago last week, including a 60-minute conversation with our friend Ronald Diamond on the evolving family office landscape - see recording .

We addressed many aspects of the opportunities and challenges for family offices, vis-a-vis private equity and the wealth management industry players. A key themes was the alignment of interests, and the tension of maintaining privacy yet accessing the best deal flow.

More to come in this dialogue together.

OCT. 10 NY CONFERENCE PLAYLIST WITH ALL PANELS

You can see all recordings from the Oct. 10 Conference at https://361.pub/nyoctplaylist ), e.g. Highlights , interviews, and podcasts .

The Global Regions Panel discussed geopolitics, the growing influence of Gulf sovereign wealth funds, with differing views on China and emerging markets. The panel expressed concerns about global leadership and the impact of decoupling between the US and China. They also touched on the shifting manufacturing landscape and the importance of understanding global trends for successful investment strategies. Colette K. Young shared insights as to how her MFO Walera focuses on high-risk, high-reward investments in tech and crypto but also across asset classes. See full recording , podcast .

The Asset Class Panel discussed various investment strategies and challenges, highlighting the importance of diversification and selecting top-performing managers over brand names. Some speakers made a case that private managers often outperform public indices. The panel also addressed the difficulties faced by emerging managers in accessing capital but also the need for better due diligence support See recording and podcast .

The Emerging Industries Panel discussed the evolving landscape of AI, its rapid advancements and ethical implications. De Kai, a longtime AI researcher with pioneering work in natural language processing, emphasized the need for public awareness of AI's unintended consequences. Some speakers shared their use of AI for various functionalities. The discussion concluded with a call for ethical considerations and public education on AI's impact, and a Deep Dive (which we will host this Thursday, Oct. 24, see above). See recording and podcast .

The Philanthropy & Impact Panel discussed optimizing our approach toward “Philanthropy 3.0”. Key points included the inefficiencies in nonprofit management, with a surprising low percentage of funds typically reaching the causes, and the need for better data and analysis to attract next-generation donors. The discussion also touched on the challenges of balancing philanthropic efforts with industry-specific strategies. We See recording and podcast .

The Debrief of Round 1 Breakout Takeaways (see recording , podcast ) noted:

• Challenges in the high-yield real estate lending sector, a potential bubble
• Key risks include the Ukrainian-Russian conflict, climate change
• Emerging managers face challenges, with platforms too expensive and unsustainable - proposed to hold a summit for emerging managers
• Tax planning strategies, importance of preparation and views on election implications - this led to the Nov. 7 “Post-Election Debrief + Tax Deep Dive” - register and join the Wed. 10:30am pre-event prep call.

LAST WEEK’S BRIEFING ON GLOBAL TRADE & TARIFFS

Stephen Burke discussed the global economic landscape, highlighting China's stimulus measures and their impact on the market. He noted Europe's economic stresses and the potential outcomes of the upcoming U.S. election. Burke analyzed the S&P 500's performance, projecting future earnings and the potential effects of Fed rate cuts. He emphasized the importance of free trade and criticized Trump and Harris's tariff policies. Recording ; podcast

250th BRIEFING JAN. 21

Since 2019, Stephen R. Burke of ARS has given opening briefings around the world, and via Zoom on Tuesdays at 11 AM since April 2020. See Briefing Playlist on our 361 Channel . On Jan. 21, 2025, 361Firm will host our 250th Tuesday Briefing in a row and we plan to honor Stephen Burke - see https://www.361firm.com/250 .

At the 200th mark, we hosted "watch party" gatherings in over 30 cities. This time we aim for 50+ locations and 250+ participants. We seek your help in 3 steps to co-organize (or participate in) a simple informal "watch party" gathering per below.

Jan. 21 Agenda (all times ET):

10:30: Participant 5-second 4-point Intros (1) name, (2) firm, and (3) city of birth and current residence

11:00: 361Firm shares the 250th "Tribute Collage" Videos*

11:15: Briefing 250 with Q&A

12:00: Receptions in some locations (e.g. lunch in NYC at ARS, 529 5th Avenue)

Watch Parties will be soon listed, and include already Houston, NY, SF, LA, Naples, Cincinnati, and Boston - more to come with your help. If interested to host in your city/town or neighborhood, please let us know via the form at www.361firm.com/250 , so we can add to our venue list, and invite others nearby. For reference, see #150 at https://361.pub/150 .

We will have a "Prep Call" for this 250th Celebration on Tue. Oct. 22 at 10:30am on our 361 Zoom .

ACCESS TO DEALS VIA DIAGNOSTIC

Allocators can access decks of certain deals (excerpt below) by attesting to QP status via our Diagnostic . We can then grant access to the 361 Mandate Pipeline , which you can search and sort by asset class, stage, size, industry, geography, and keywords.

You can onboard deals via 361firm.com/onb . Some aspects can be added to the No Name Pipeline Excerpt . Mandated clients are added to our Deal Database Shared with 4K+ Allocators . Allocators can access deal decks by attesting to QP status via our Diagnostic .

CALENDAR

Oct. 24: Al Update 5: Societal, Investment Implications of Accelerated AI IQ - register

Oct. 30: Raleigh Eclipse IP Conference, 361.pub/eclipse24

Nov. 7: Post U.S. Election Debrief (including a Panel of Tax Experts) - register

Nov. 21-22 London ATOM II at Science Museum + 361 Roundtables - reg. interest at 361firm.com/lonatom

Dec. 3: NY Flagship Global Conference, 361firm.com/nydec

Jan. 24-27: 8th Naples & Miami Conferences, 361firm.com/fl25

Jan. 27*: Miami Hybrid Allocator Lunch before Miami Conference

Feb 4-5: Riyadh “World With Purpose ” Summit 2 - register interest at 361firm.com/gcc25 .

Feb. 6-8: Abu Dhabi and Dubai 361 Roundtables and events - register interest at 361firm.com/gcc25 .

*for QPs approved via our Diagnostic . **if interested to join, email Mark at [email protected]

JAN. 24-27: 8th NAPLES & MIAMI CONFERENCES

361Firm hosts its 8th annual Florida events, with a 4th annual Pickleball Mixer, karaoke, and time to network between panels and roundtables. You can now register “Early Bird“ at 361firm.com/fl25 .

Jan. 24 Naples: Informal Drinks and Dinners

Jan. 25 Naples: 9:00 AM Pickleball; 1:00 PM Conference Opens, Panels - AC Hotel; 5:00 PM Breakouts, Reception

Jan. 26 Naples & Miami: 9AM Conference; 12PM 4th Pickleball Mixer; 6PM Miami Reception

Jan. 27 Miami:

11:00 AM Allocator Lunch Session* with Investor Survey results

2:00 PM Conference Opens, Panels: Global Regions, ?Asset Classes

3:00 PM Breakouts by Regions and Assets, Debrief

3:45 PM Panels: Emerging Industries, Philanthropy/NextGen

4:45 PM Breakouts, DeBrief, Reception

FEB. 4-8 361 GCC TOUR IN RIYADH, ABU DHABI & DUBAI

On Feb. 4-8, 361Firm hosts its 2025 GCC Tour. It starts on Feb 4-5 in Riyadh with the “World With Purpose ” Summit 2 + 361 Roundtables & Feb. 6-8 361 Roundtables in Abu Dhabi, Dubai, and a Desert Trek. Exciting details will be shared soon and meanwhile, you can see the current World with Purpose Overview Deck . To register interest, including joining our “GCC Tour Prep Call” on Thursdays at 10:00 am ET, please go to 361firm.com/gcc25 .

About 361Firm

361Firm's global learning community is now 8K+ strong across single family offices, institutional investors, funds, and CXOs. We collaborate on investments and philanthropy, since 2015 via events in 90+ cities and 20+ countries, plus online Briefings, Meetups and forums.

WHAT DOES 361FIRM DO? We focus on four areas:

(1) Investments via Allocator Sessions and 361Core buy-side member platform (361firm.com/core );

(2) Raising Capital for funds and companies via our broker-dealer platform (www.361firm.com/onb );

(3) Connecting Partners (business development) and Talent (CIOs, CXOs); and

(4) Optimizing Philanthropy, interconnecting for synergies, NextGens and Impact

HOW CAN YOU BE INVOLVED?

> Subscribe to Weekly Events at https://361firm.com/subs , Tue. Briefings, 10:30am ET meetups

> Join Conferences and Deep Dives via www.361firm.com/events , including prep calls.

> Onboard as an Investor via our Diagnostic at https://361.pub/shortdiag

> Join Allocator Sessions via https://361firm.com/pcievents and Deal Calls

> Onboard a Deal (Funds or Companies) at www.361firm.com/onb

> Onboard 361 as a Banker at www.361firm.com/bankers

> Onboard as a 361 Strategic Advisor, offering our community talent at www.361firm.com/onboard

FOR REFERENCE:

> Web: 361firm.com/home

> Content: youtube.com/361firm

> Weekly Digests: 361firm.com/digest

> History: Founded in 2015 after 10 years with an SFO investing in and with funds/FOs and 10+ years as a lawyer and M&A Partner at Andersen and EY in Europe/Asia. 360 stems from hosting alumni (Denison, University of Michigan, Leiden, INSEAD) and then other roundtables since 2005 on moving to New York from Europe. "One Firm" comes from the global collaborative culture of Arthur Andersen where co-founders were partners. We’ve hosted 361 events in 90+ cities and 20+ countries, since 2016 via Zoom with now over 230 Tuesday 11am Briefings, over 100 Deep Dives, over 200 10:30am Meetups and over 100 Thursday Lunches.