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Net Interest

Marc Rubinstein
Thousands of paid subscribers

Financial sector insights from a former hedge fund manager with 25+ years experience analysing and investing in the industry.

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Substack
PricingFreemiumPublishesWeekly
Issues323Founded6 years agoLast Issue9 days ago
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Latest Issues

The Art of Doing Financial Engineering

AI Financing at the Frontier

Every boom is accompanied by a parallel boom in financial engineering and this one is no exception. The scale demands it. Estimates for AI infrastructure capex through 2030 range between $7.6 trillion and $8.0...

9 days ago
106
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Agents Revolt

What happens to finance when customers start paying attention

Mark Zuckerberg has tried to disrupt the financial sector before. In 2019, he unveiled plans for a new currency, Libra. “What we’re trying to do,” he explained, “[is] rethink wh...

17 days ago
67
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Brookfield of Dreams

Inside Brookfield’s Plan to Double Again

When Jensen Huang delivered his plan to mobilize $500 billion of third-party capital to fund AI infrastructure last month, one of the providers he roped in was Brookfield. To many observers, it came...

23 days ago
90
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The Five Deals That Made Apollo

From distressed debt to a trillion-dollar machine

Today’s edition is dedicated to the memory of Derek Sword, a talented banks analyst who died 25 years ago today in his office at Keefe, Bruyette & Woods on the 89th Floor, South Tower, 2 Wo...

a month ago
99
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Hot European Summer

Europe is outperforming – but Europeans aren’t participating

Rested after a month on the beach, European portfolio managers returned to their offices this week to the unfamiliar comfort of a home market doing really rather well. European e...

a month ago
98
3
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    Former hedge fund manager, now writing about it.

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