Shows
FireSide: A Podcast Series from Future StandardMapping the markets: Macro UpdateJoin Senior Vice President of Investment Research Andrew Korz and Investment Research Associate Alan Flanigan as they explore what the latest developments in tax reform, trade policy and fiscal policy mean for the U.S. fiscal outlook and economy. They dive into the latest edition of Mapping the markets and provide clarity on what it means for investors.Mapping the markets: Q2 2025 Is private credit a bubble?Private credit: Steady performance through market cyclesHave a question for our experts? Text us for a chance to have your questions...2025-06-1145 minFireSide: A Podcast Series from Future StandardTariffs: Impact on private marketsIn this episode, our research team examines the latest on U.S. tariff policy and how it will impact private markets.Join Senior Vice President of Investment Research Andrew Korz and Research Associate Alan Flannigan as they discuss the potential ramifications of tariffs on private markets. They also bring in resident expert Dan Wilk, Head of Private Equity Solutions, for his take on how tariffs will impact M&A markets, where they’ll take market sentiment and what this may mean for investors. Resources mentioned:Q2 2025 U.S. Economic outlookT...2025-04-0924 minFireSide: A Podcast Series from Future StandardMarket Madness 2025Join the Investment Research team in celebrating March’s NCAA Basketball Tournament with our annual Market Madness show. Our experts put their Sweet 16 of public and private investment strategies to the test and crown a champion in this bracket-style debate.Senior Vice President of Investment Research Andrew Korz and Research Associate Alan Flannigan provide expert analysis of their sixteen-team field of strategies across public and private equity, real estate and credit. U.S. exceptionalism: At a crossroads Anatomy of a CRE correction: The road to revival in 2025 Private markets outlook: Ref...2025-03-2747 minFireSide: A Podcast Series from Future StandardU.S. exceptionalism: At a crossroadsCan U.S. economic exceptionalism survive the transformations of our time? We analyze the underpinnings of American economic exceptionalism, weigh its resilience and provide a playbook for investing in a new era Join Senior Vice President of Investment Research Andrew Korz and Research Associate Alan Flannigan as they delve into their new report, U.S. exceptionalism: At a crossroads.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@2025-03-1333 minFireSide: A Podcast Series from Future StandardThe first weeks of Trump: What’s impacting marketsThe Trump administration is shaking up Washington with hundreds of executive orders and an aggressive push to cut government spending. But what's important for markets and what's just media fodder?Head of Public Policy Jason Cole examines the first weeks of the Trump administration and their implications for markets. Jason joins Senior Vice President of Investment Research Andrew Korz to address the potential impact of tariffs, tax reform and regulatory changes on key strategies. “If I’ve got to go into my crystal ball whether or not the Trump's tax cuts are going to get exten...2025-02-1236 minFireSide: A Podcast Series from Future StandardPrivate markets outlook: Refilling the glassAs we approach the end of 2024, sparks of life are emerging in private markets, fueling optimism for improved liquidity and a revitalized investment landscape. Join Executive Director of Investment Research Andrew Korz and Research Associate Alan Flannigan as they examine private markets and the outlooks for private equity, private credit and commercial real estate in 2025. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research insights go to...2024-12-0536 minFireSide: A Podcast Series from Future StandardQ4 Research roundup: Landings are bumpyJoin Chief U.S. Economist Lara Rhame, Executive Director of Investment Research Andrew Korz and Research Associate Alan Flannigan as they examine their outlooks for equities, credit, real estate and essential macroeconomic trends in Q4.They discuss their view on interest rates, inflation, and the labor market—and how these key macro factors could impact the investment landscape.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more re...2024-10-0932 minFireSide: A Podcast Series from Future StandardWhat's next for banks?Banks are essential to the healthy functioning of the global economy, and their role in the financial system has been anything but static over time. Today, headwinds for banks and the growth of private markets point to further evolution. Join Chief U.S. Economist Lara Rhame and Director of Research Andrew Korz as they dive into their recent Playbook for the great lending evolution to explore the interplay between banks and private credit today.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.2024-09-0427 minFireSide: A Podcast Series from Future StandardIs private credit a bubble?The extraordinary growth in private credit markets has led some investors to question its risks. We go in depth on our recent report, Is private credit a bubble? to offer answers. Join Chief U.S. Economist Lara Rhame, Managing Director of Credit Wealth Solutions Robert Hoffman and Executive Director of Research Andrew Korz as they examine important questions on transparency, the quality of borrowers and the rapid flow of money into this key asset class.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.2024-08-1428 minFireSide: A Podcast Series from Future StandardElection 2024—Biden withdraws: What’s next in politics and markets?It’s a political earthquake, but what will Joe Biden's unexpected withdrawal and Kamala Harris’ emerging candidacy mean for investors?Join Head of Public Policy Jason Cole and Executive Director of Investment Research Andrew Korz as they delve into how Republicans and Democrats may respond—plus the potential impact on the “Trump trade,” interest rates and market volatility. Chapters:00:00 Introduction and breaking news01:08 Historical context and unprecedented events02:50 Immediate political reactions05:56 Polling and potential candidates08:16 Vice Presidential selection process12:12 Republican response and public perception14:32...2024-07-2421 minFireSide: A Podcast Series from Future StandardGolden handcuffs: The latest on the housing marketA mortgage with a sub-3% rate feels like the proverbial golden handcuffs these days. Join Chief U.S. Economist Lara Rhame and Executive Director Andrew Korz as they examine what investors need to know about the latest trends driving the housing market. They discuss the structural and cyclical issues affecting housing supply, the impact of potential Fed policy changes on financing and where sectors like multifamily may offer opportunities for investors and allocators. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To...2024-07-1724 minFireSide: A Podcast Series from Future StandardQ3 Research roundup—Navigating market optimismJoin Chief U.S. Economist Lara Rhame, Executive Director of Investment Research Andrew Korz and Research Associate Alan Flannigan as they examine their outlooks for corporate credit, private equities, commercial real estate and key macroeconomic trends for Q3 2024. They go in depth on the latest impacts of market concentration, stubborn inflation and more, with a look at the causes and potential implications of the optimism currently priced into markets. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video ve...2024-07-1035 minFireSide: A Podcast Series from Future StandardAnswering the burning questions around private debt—Part 2Private debt is a growing asset class that’s increasingly making headlines. That’s why we’re back in the studio with more cool answers to your burning questions on this key alternative. Chief U.S. Economist Lara Rhame and Executive Director of Research Andrew Korz join Head of Private Credit Brian Gerson to further demystify the significance, mechanics and potential opportunities in private debt investing. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https...2024-06-1833 minFireSide: A Podcast Series from Future StandardThe middle market—Beyond the limit of public equitiesHow can we be bullish on the middle market when the Russell 2000 chronically underperforms the S&P 500? It’s a question that investors often ask when considering middle market private equity—and a perfect opportunity to demystify some of this sector’s unique qualities.Join Chief U.S. Economist Lara Rhame and Executive Director of Research Andrew Korz as they examine how the Russell 2000 falls short in mirroring the strong fundamentals and robust growth in middle market PE, and how innovative new vehicles are helping investors access its potential opportunities.Have a question for our expert...2024-05-0823 minFireSide: A Podcast Series from Future StandardAnswering the burning questions around private debt – Part 1Private debt is a $1.6 trillion market that’s critical to our economy and to investors—and it’s rapidly evolving. As banks have retreated from certain kinds of lending, private lenders have stepped in to fill the gap, allowing investors to reap the potential rewards. Join Chief U.S. Economist Lara Rhame, Head of Credit Wealth Solutions Rob Hoffman, and Executive Director of Research Andrew Korz for an initial dive into the private debt market, including the fundamentals of the asset class, recent trends that have fueled its growth and a discussion around the investment case for private...2024-04-2429 minFireSide: A Podcast Series from Future StandardQ2 2024 Research roundup—Adjusting to the old normalThe first quarter was marked by a continuation of last year’s economic optimism, albeit against the backdrop of stubborn inflation and high rates. While many investors still dream about substantial rate cuts, a return to the “old normal” could require investors to adjust.Join Executive Director, Investment Research Andrew Korz and Chief U.S. Economist Lara Rhame as they examine CRE pressures, movements in equities, and the balance of challenges and optimism in their outlooks for macro and markets in Q2. Have a question for our experts? Text us for a chance to have your qu...2024-04-1023 minFireSide: A Podcast Series from Future Standard5 challenges and 5 opportunitiesMarkets started the year with high expectations and high valuations. But volatility and expensive equities are just a few of the challenges facing investors in 2024. Chief U.S. Economist Lara Rhame and Executive Director, Research Andrew Korz sit down to discuss their latest chartbook examining the five key challenges facing investors today—and how alternatives may address those challenges and provide potential opportunities. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com...2024-02-1520 minFireSide: A Podcast Series from Future StandardAnatomy of a CRE correction—2024 UpdateThe commercial real estate (CRE) market continues to endure a correction that began 18 months ago.Andrew Korz (Executive Director, Research) joins Chief U.S. Economist Lara Rhame to discuss the progress of the correction, examine its drivers and identify potential areas of opportunity that persist despite the challenged market environmentHave a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research insights go to https://futurestandard.com/insights 2024-02-1423 minFireSide: A Podcast Series from Future Standard10 for ’24—Ten big ideas for 2024Lara Rhame sits down with Executive Director, Investment Research Andrew Korz to review last year’s 10 for ’23—and unveil this year’s 10 for ’24, her forecast for the 10 essential trends facing investors in markets, policy and the economy in the new year. Her outlook? While 2024 is opening with optimism that a recession has been avoided, inflation, tighter credit conditions and a steep hill of debt refinancing will challenge markets. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video versio...2023-12-2128 minFireSide: A Podcast Series from Future StandardFireSide: Q4 2023 Research roundtable—Can the growth continue?Even with unanswered questions about a potential slowdown, the Q4 economy is largely firing on all cylinders. Commercial real estate continues to navigate a unique correction, while rising stock/bond correlation helps corporate credit shine. Can the growth continue? Join Lara Rhame, Chief US Economist, Robert Hoffman, Managing Director, Credit Wealth Solutions, and Andrew Korz, Director, Investment Research as they dive into their outlooks for commercial real estate, corporate credit and macroeconomic trends. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To...2023-10-2039 minFireSide: A Podcast Series from Future StandardFireSide: Multifamily—A rental health check-inThe U.S. commercial real estate (CRE) market has come under pressure from rising interest rates and an uncertain economic outlook. The multifamily sector has experienced what feels like a full market cycle in the span of just three years. With uncertainty swirling around the CRE space, Robert Hoffman and Andrew Korz take a deep dive into their outlook for the rental market. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ 2023-09-1823 minFireSide: A Podcast Series from Future StandardFireSide: Q3 2023 Research roundtable—Rethink what you knowIn this episode of FireSide, the Investment Research team offers their Q3 outlooks for macro, credit markets and commercial real estate. The first half of the year saw a contradictory confluence of pessimism and impressive performance. That has left investors rethinking the popular market ideas they’ve held for the past 15 years. Join Head of Research Robert Hoffman, Chief U.S. Economist Lara Rhame and Director, Investment Research Andrew Korz as they shed light on CRE corrections, Fed rate hikes and the key indicators they’re watching for a potential slowdown. Have a...2023-07-3153 minFireSide: A Podcast Series from Future StandardFireSide: Concentration issues—Focusing on the top-heavy U.S. equity marketIn this episode of FireSide, the Investment Research team explores the unprecedented concentration in the U.S. equity market. This top-heavy market meant impressive returns for investors over the first half of the year, but it could become one of the key risks for portfolios in the coming period.Join Lara Rhame, Chief U.S. Economist, and Andrew Korz, Director, Investment Research, as they unpack the macro drivers contributing to equity market concentration and share their opinions on how to navigate where the market might go next. Have a question for our experts? Text us f...2023-06-2224 minFireSide: A Podcast Series from Future StandardFireSide: Anatomy of a CRE correctionThe CRE market is undergoing a painful correction today, as demonstrated by declining property values and tepid investment activity. In this episode of FireSide, Chief U.S. Economist Lara Rhame and Investment Research Director Andrew Korz analyze the causes, address concerns around debt financing and examine what comes next in the CRE market.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research insights go to https://futurestandard.com...2023-05-1135 minFireSide: A Podcast Series from Future StandardFireSide: Research Roundtable—Q2 2023 outlooksIn this episode of FireSide, the Investment Research team takes stock of Q1’s performance and offers their outlooks for Q2. After an eventful Q1 marked by bank failures, more tech layoffs, and other concerning headlines, the Investment Research Team explores some bright spots and adds nuance to their market evaluations. Join Rob Hoffman, Managing Director; Lara Rhame, Chief U.S. Economist; and Andrew Korz, Director, as they cover updates in the credit, macro and commercial real estate sectors. Have a question for our experts? Text us for a chance to have your questions answered on the nex...2023-04-1941 minFireSide: A Podcast Series from Future StandardFireSide: Market Madness 2023In the second annual Market Madness episode of FireSide, the Investment Research team hosts their own version of the Big Dance to assess what they believe will be the most impactful market event for the next quarter. Join host Kara O’Halloran and the members of the investment research team—Lara Rhame, Chief U.S. Economist; Rob Hoffman, Managing Director; and Andrew Korz, Director—as they go through head-to-head matchups and fill out the bracket in real time to determine what the team thinks will move markets the most over the next few months. Have a question for our...2023-03-1447 minFireSide: A Podcast Series from Future StandardFireSide: New year, new viewThe new year brings new possibilities. In FireSide's special 50th episode, Director of Investment Research, Kara O'Halloran, and Director of Investment Research, Andrew Korz gather to analyze three different economic scenarios for 2023, and explore how they might impact two of the most interesting areas of the market that we're closely watching: Credit and commercial real estate.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research insights go to...2023-01-2730 minFireSide: A Podcast Series from Future StandardFireSide: Research Roundtable—5 for 2022 lookbackIn this episode, members of the Investment Research team, including: Chief U.S. Economist Lara Rhame, Managing Director, Investment Research; Rob Hoffman, Director, Investment Research; Kara O’Halloran, Director, Investment Research; and Director, Investment Research, Andrew Korz, gather to talk about the predictions they made entering 2022—and what actually happened this year. Plus, a sneak peek at what they’ll be closely watching in 2023. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ F...2022-12-0730 minFireSide: A Podcast Series from Future StandardFireSide: Q4 Commercial Real Estate Outlook—Recalibration in processWe’re continuing with our Q4 outlook series! Investment Research Director Kara O’Halloran is joined by Investment Research Director Andrew Korz to discuss the state of the commercial real estate market. 2022’s rising interest rate environment has necessitated a recalibration in many asset classes, real estate included. Plus, we dive into opportunities in CRE as the macro backdrop screams “get more defensive”. Finally, the team addresses concerns around a real estate-led downturn as investors increasingly worry about something “breaking” in markets. Want more from our CRE experts? Access the full outlook at https://fsinvestments.com/fs-insights/q4-2022-commerci...2022-10-1925 minFireSide: A Podcast Series from Future StandardFireSide: Q3 2022 CRE Outlook—Mean Reversion, or Something more?In this quarterly outlook episode, Investment Research Directors Kara O’Halloran and Andrew Korz discuss the potential impacts of a slowing economy on the commercial real estate market. They cover the team’s views on inflation, growth and financing costs, and why investors might consider seeking higher on the capital structure. Plus, Andrew gives us an impressive lightning round of his quick takes on multi-family, industrial, hotel, office and retail sectors. Download the full outlook: https://fsinvestments.com/fs-insights/q3-2022-commercial-real-estate-outlook/ Have a question for our experts? Text us for a chance to have your questions answe...2022-08-0920 minFireSide: A Podcast Series from Future StandardFireSide: The Keys to the Housing MarketIn this episode, Investment Research Director Kara O’Halloran sits down with Chief U.S. Economist Lara Rhame and Investment Research Director Andrew Korz to discuss the ins and outs of today’s booming housing market. They examine the complex macro environment at play, the mechanics of typical housing cycles and potential scenarios for the quarters to come. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research insights go to...2022-06-0724 minFireSide: A Podcast Series from Future StandardFireSide: Research Recap—Q2 2022 Commercial Real Estate OutlookInvestment Research Director Kara O’Halloran is joined by fellow Director Andrew Korz to talk all things real estate—they catch up on what we’ve faced so far in 2022 and where the market may be heading. The two discuss inflation, cap rates, the Fed rate hike cycle and one of the hottest topics of the past two years: The housing market. Want to dive deeper? Check out the full CRE outlook on our website: https://fsinvestments.com/fs-insights/q2-2022-commercial-real-estate-outlook/ Have a question for our experts? Text us for a chance to have your questions answere...2022-04-2023 minFireSide: A Podcast Series from Future StandardFireSide: Market MadnessIn this special edition episode of FireSide, the Investment Research team hosts their own version of the Big Dance to assess what they believe will be the most impactful market event over the next three months. Each research team member – Lara Rhame, Chief U.S. Economist, Rob Hoffman, Managing Director and Andrew Korz, Director – completed a bracket comprising of 16 possible scenarios that could positively or negatively impact markets in Q2, competing bracket-style down to their number one pick. Join Kara O’Halloran as she conducts her courtside interviews and shares who is crowned most accurate predictor based off a survey...2022-03-2443 minFireSide: A Podcast Series from Future StandardFireSide: 5 for ’22—Commercial Real EstateWill commercial real estate’s momentum continue in the new year? Investment Research Directors Kara O’Halloran and Andrew Korz talk CRE in 2022 and tackle the topics of inflation, interest rates, and offices in a post-COVID world. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research insights go to https://futurestandard.com/insights 2022-01-0711 minFireSide: A Podcast Series from Future StandardFireSide: LIBOR—A Transition Unlike Any OtherIn this episode, Director, Investment Research, Andrew Korz is joined by Tal Reback, Principal at KKR and member of the Federal Reserve Board and New York Fed’s Alternative Reference Rates Committee (ARRC), to discuss all things LIBOR-transition. They cover where things stand now, what still needs to be done before year-end and what a world without LIBOR may look like. To learn more, visit: https://fsinvestments.com/fs-insights/libor-a-transition-unlike-any-other-podcast/Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the vid...2021-12-0626 minFireSide: A Podcast Series from Future StandardFireSide: Research Roundtable—Q4 Market and Economic OutlookIn this episode, members of the Investment Research team including Chief U.S. Economist Lara Rhame, Managing Director, Investment Research, Rob Hoffman, Director, Investment Research, Kara O’Halloran and Director, Investment Research Andrew Korz gather to discuss their predictions for the remainder of 2021 and take a sneak peak into what’s to come in 2022. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research insights go to https://futurestandard.com/i...2021-10-0737 minFireSide: A Podcast Series from Future StandardFireSide: Analyzing the Red-Hot Housing MarketChief U.S. Economist Lara Rhame, Director, Investment Research Andrew Korz and Director, Investment Research Kara O’Halloran discuss the state of the housing market, the macro backdrop that brought us here, how hot the market really is right now and Andrew tackles the question on everyone’s mind, “Is this a bubble?” To learn more, visit: https://fsinvestments.com/fs-insights/analyzing-the-red-hot-housing-market/Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.c...2021-08-0318 minFireSide: A Podcast Series from Future StandardFireSide: Research Roundtable—Q3 2021 Market OutlookIt’s our halftime show! In this episode, members of the Investment Research team including Chief U.S. Economist Lara Rhame, Managing Director, Investment Research, Rob Hoffman, Director, Investment Research Kara O’Halloran and Director, Investment Research Andrew Korz gather to discuss their predictions for Q3 2021 and reflect on a few of their Q2 outlooks.To learn more visit: https://fsinvestments.com/fs-insights/research-roundtable-q3-2021-market-outlooks/.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to http...2021-07-1642 minFireSide: A Podcast Series from Future StandardFireSide: Research Roundtable—Q2 2021 Market OutlooksIn this episode, members of the Investment Research team including Chief U.S. Economist Lara Rhame, Managing Director, Investment Research, Rob Hoffman, Director, Investment Research Kara O’Halloran and Director, Investment Research Andrew Korz gather to discuss their predictions for Q2 2021 and reflect on a few of their Q1 outlooks.To access the full transcript click here.Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@ For more research in...2021-04-1240 min