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    Kaman Chung

    Managing Director and Senior Equity Research Analyst at Evercore ISI

    Kaman Chung is a Managing Director and Senior Equity Research Analyst at Evercore ISI, specializing in coverage of the Food, Beverage, and Tobacco sectors. She has provided in-depth analysis on leading companies such as Coca-Cola, PepsiCo, Mondelez International, Hershey, and Altria Group, developing a reputation for insightful stock recommendations and thorough industry knowledge. Kaman has earned recognition for her accurate earnings forecasts and has consistently ranked highly among Wall Street analysts, with strong success rates and positive average returns noted by independent performer aggregators. With a career that began at Goldman Sachs before joining Evercore ISI in 2018, she holds industry credentials including FINRA Series 7, 63, and 86/87 licenses.

    Kaman Chung's questions to Blackstone (BX) leadership

    Kaman Chung's questions to Blackstone (BX) leadership • Q4 2024

    Question

    Speaking for Glenn Schorr, Kaman Chung asked about the trend of insurers insourcing private market investments and the growth outlook for Blackstone's insurance partnerships, especially in Asia after the Nippon Life deal.

    Answer

    Jonathan Gray, President & COO, contended that allocating to private investment-grade credit has shifted from a novelty to a "necessity" for insurers to stay competitive. He emphasized that Blackstone's open-architecture, third-party model is a key advantage, making it a trusted partner. He noted accelerating momentum with 23 SMA clients and sees significant growth opportunities in Asia and Europe, viewing the Nippon Life partnership as a positive catalyst for future growth.

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