Could MSCI be the key to unlocking the potential of private markets? Henry Fernandez, the mastermind behind MSCI, has a fascinating background that has shaped his vision for the company. From his early days as a Nicaraguan diplomat to his embrace of free-market capitalism on Wall Street, Fernandez has been at the forefront of financial globalization.
Throughout his career, Fernandez has been a champion of the forward march of capital markets, playing a role in major financial upheavals and remaining an idealistic believer in environmental, social, and governance investing. Now, he’s setting his sights on the opaque world of private finance, aiming to bring MSCI’s indices into the $12 trillion-plus private equity, credit, venture capital, real estate, and infrastructure markets.
These segments of the capital markets are currently restricted to institutions and wealthy investors, shrouded in secrecy to protect fees and discourage transparency and liquidity. However, Fernandez sees an opportunity for MSCI to leverage technology and penetrate these markets, potentially revolutionizing the industry.
2024-01-25 09:21:46
Post from www.economist.com