Barry speaks with Seth Bernstein, Chief Executive Officer of AllianceBernstein. They discuss his tenure at JPMorgan Chase where he was managing director and global head of Managed Solutions & Strategy at J.P. Morgan Asset Management. They discuss understanding the Private Credit industry and the future of Mutual Funds as ETFs become the future of investing. Seth also discusses the importance of in-person collaboration as well as how to invest for retirement. Chapters: 00:00:58 - Education and Early Career 00:17:08 - Turning Around Alliance Bernstein 00:40:40 - Understanding the Private Credit Industry 00:53:13 - Barry's Lightening Round Questions -------- Listen to the people, ideas and conversations that shape markets on the Masters in Business podcast: Apple: http://bit.ly/43wa4F4 Spotify: http://bit.ly/3qj7LqO Anywhere: http://bit.ly/3OPAL3n Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake