EP 09 | Wildfires, Yale’s $6B Exit & the Emotional Therapy of Stick
Description
Hedge funds are clashing with California regulators over wildfire subrogation claims and the fallout could reshape how distressed assets interact with public recovery funds. Jason and Kevin unpack the PG&E playbook, state-level backlash, and who’s really getting paid (01:30 ). Then Yale’s $6B endowment unwind takes center stage, as the Ivy League titan quietly tests the secondaries market with Project Gatsby, raising questions about long-term conviction and short-term liquidity (13:20 ). Kent and Julian return (25:15 ) to explain why Clear Lake’s sponsor tactics are showing up across multiple LMEs and what the data tells us about repeat offenders, CLO constraints, and creditor fatigue. Closing it out: we head into the world of Stick on Apple TV+ (34:43 ) part golf drama, part emotional softboy therapy session to explore what the show says about masculinity, generational rewiring, and why Happy Gilmore might’ve done it better. Plus, a little talk about personal happy places, ice lakes in Sweden, and sainthood (49:00 )
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Hosted by Jason Sanjana & Kevin Eckhardt
Segment Guests - Kent Collier, Julian Bulaon
Produced and edited by Tanya Hubbard
A Production of The Octus Podcast Network
United States
