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3 people · 8 quotes · 20 Apr 2022 to 3 Jul 2026
2 of 3 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 25 Oct 2023 — a date, and nothing else. It is not a claim about who reached a view first.
Rowan says a $16 million equity investment grew into $270 billion AUM making it the largest retirement services company.
“And what started out as a $16,000,000 equity investment has now morphed into 270,000,000,000 of AUM and the largest retirement services company in”
“So in 2008, we started with a $16,000,000 equity investment. We ended the year at 330,000,000,000 and have become the largest provider of retirement products in The US.”
Rowan says Athene's new sales grew from $20 billion four years ago to over $60 billion this year.
“Four years ago, we were 20,000,000,000 of new sales, then 30,000,000,000, then 47,000,000,000. This year, we'll do north of $60,000,000,000 of new sales, and it continues to be.”
Gerstner calculates $5,000 compounded to age 60 yields $1 million in Invest America accounts.
“5,000 compounded by the age of 60, you have a million dollars in your Invest America account.”
Rowan argues retirement systems know their liquidity needs for ten years and should get paid for illiquidity.
“Liquidity liquidity is a risk to everyone but in differing degrees. So if you are a retirement plan or a retirement system, you know your liquidity requirements for the next ten years.”
Gerstner cites 401(k) programs hold $13 trillion with $75 billion contributed annually as model.
“The four zero one k program in this country now has $13,000,000,000,000 in it. 75,000,000,000 is contributed annually.”
Rowan claims an extra 1% return compounded over time produces 50-100% better retirement outcomes for retirees.
“But if you look around the world, every place that private assets have been added to public portfolios, you've gotten better outcomes.”
Bessent projects $1,000 Trump account seed could grow to $5,000 at age 18 and $300,000 to $500,000 at retirement.
“They could then roll it into an IRA that could be between 300 and $500,000 at retirement.”