Private Credit: Hype, Hazard, or the Next Big Thing in Long-Term Growth? With Huw Van Steenis, Vice Chair of Oliver Wyman.

We are releasing as episodes, two panels from the recent Money Maze Allocator Summit. This, the second invitation-only event we have held, gathered some of the world's most significant allocators at the London Stock Exchange for two days of intense discussions and debates. The agenda ranged from Re-militarisation, the Future of Healthcare, Blockages and Remediations in the World of P.E. to the Golden Age of Absolute Return and Fixed Income in the Crosshairs, and many more. When we polled the audience, this episode ranked above all others, in which Peter Frankopan, Head of Global History at Oxford interviews Sir Anthony Seldon, one of the UK's leading educationalists. Both are former guests, and in this exchange, Sir Anthony offers his unambiguous views on why we fail our children, what needs to change, how we must think about better equipping all children for the future and which countries and approaches are leading the way. Watching this might be even better than listening! The Money Maze Podcast is kindly sponsored by J.P. Morgan Asset Management*, IFM Investors, World Gold Council and LSEG. *During the episode we cite J.P. Morgan Asset Management as Europe’s leading active ETF provider by assets under management. This is sourced from J.P. Morgan Asset management and Bloomberg, data as of 30 March 2026.

If you are a West Coast based tech start-up, profiled in the Wall Street Journal, Forbes, and Business Insider, are asked to present at JPMorgan's Investor Summit alongside Jamie Dimon, are backed by Google's AI fund, and have a mission to help organizations detect and correct biased or unreliable outputs from AI models and you are not yet 24, something’s going on! So today the Money Maze meets its youngest guest, Cyril Gorlla, founder of CTGT. Joining as a co-interviewer is J.P. Morgan Asset Management's Head of Investment Platform, Kristian West. In an extremely complex area, Cyril discusses 8 key items;

Today we welcome a reappearance of author Simon Sebag Montefiore. These few lines set the tone for an outstanding book and brilliant guest: “But even in easier times, the Middle East has the ability to surprise even the most informed observers and intelligence maestros. After all, the experts failed to predict the emergence of Turkey in 1922, the crowning of Reza Shah in Persia in 1925, the creation of Israel in 1948, Gamal Abdel Nasser’s Suez gambit in 1956 and his union of Egypt and Syria in 1958, Israel’s victory in 1967, the fall of Shah Mohammad Reza Pahlavi and rise of Ruhollah Khomeini, 9/11, the Arab Spring, October 7, 2023, Midnight Hammer, and much that has followed.”

John Claisse explores the evolution of alternative investing, from private markets and hedge funds to AI, digital assets, due diligence and opportunities across Asia. Albourne has expanded from its genesis in Sussex in 1994, to one of the most recognized global investment advisors in the world of alternatives. It is unusual both as an employee-owned organisation, and because it has adhered to its original vision of advising only and never to manage capital. John Claisse frames the alternative industry today. He discusses institutional priorities, the change in allocating behaviour, the secular shift of retail flows into private assets, and what clients want across the alternative assets spectrum. He discusses private equity and private credit trends in light of the current malaise, and why he expects further growth in these asset flows in the years ahead. He weighs some of the investment dilemmas facing allocators, why Hedge Fund interest is strong, why digital assets are being increasingly scrutinised for their potential appeal, and where investment allocations might be headed. *Please note that at the 53:00 mark, Simon Sebag Monetfiore's upcoming book is mistakenly titled The Crucible. The correct title is The Cauldron: The Making of the Modern Middle East The Money Maze Podcast is kindly sponsored by J.P. Morgan Asset Management*, IFM Investors, World Gold Council and LSEG. *During the episode we cite J.P. Morgan Asset Management as Europe’s leading active ETF provider by assets under management. This is sourced from J.P. Morgan Asset management and Bloomberg, data as of 30 March 2026.

“Airlines are a terrible business. They’re capital‑intensive, unionized, and heavily regulated… there’s very little moat.” So Warren Buffett once observed. But is that still true?