Steve Laipley
The Operator
Execution, delivery and performance, gets the hard thing done.
Steve Laipley reads as The Operator because his authority in fixed income comes from mechanics mastered, not vision proclaimed. As BlackRock's Global Head of iShares Fixed Income ETFs, he reduces a famously opaque market into actionable portfolio discipline, speaking in real-time price transparency, curve diversification, and calibrated duration exposure. He manages risk through systematic execution, running the playbook with a precision that makes flair unnecessary and complexity tractable for the investors who follow him.
“They actually opened that whole world up to transparency. You basically now had not even a single bond, but a portfolio of bonds that trade on exchange. You know what's in it. You could see the price on exchange every second.”
“Just don't put all your eggs in one basket. Have your bets spread out on the curve, because you never know how fast it will change.”
“Lean into income, deemphasize duration, not take a huge amount of credit risk. I think that sort of captures a lot of what we're seeing investor interest in.”
Masters in Business: “At The Money: How Fixed-Income Investors can use ETFs to their Best Advantage.”
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