Transcript
Introduction
Eric
My guest this week is Robbie Cannon. Robbie founded Horizon Investments in 1999 and grew the company to $7 billion in assets under management before selling in 2021.
Today, he takes us on a tour of the asset management industry. We cover many fascinating topics, such as the industry's evolution over 25 years, the blurring lines between wealth and asset management, oligopolies in finance, the impact of private equity, the role of technology and AI. Please enjoy this conversation with Robbie Cannon.
Eric
All right, Robbie, I've been looking forward to this. We've gotten to know each other as founders, but you're at a different part of your career. So I thought the most fun question to start with was, tell me how much you sold Horizon for.
Robbie
You know, I can't answer that, but man, what a fun time. So not only did we hit the pandemic, but I was in the middle of a transaction, and so got pushed from 2019 into '20, into February 2020. And the lawyers, as every good lawyer does, they push it a couple weeks later.