Podcasts · VC10X - Investing, Venture Capital, Asset Management, Family Office, Wealth Management
VC10X - Multi-Asset Investing in a New Macro Regime - Paul Flood, Head of Multi-Asset, BNY Investments Newton ($106B+ AUM)
· 44 min
Episode VC10X - Multi-Asset Investing in a New Macro Regime - Paul Flood, Head of Multi-Asset, BNY Investments Newton ($106B+ AUM)
The old playbook is broken. Free capital, dormant inflation, and stable geopolitics defined the last decade of investing. That era is over — and the investors who haven't updated their framework are running the wrong race.
In this episode, Prashant sits down with Paul Flood, Head of Multi-Asset at BNY Investments Newton, overseeing more than $106 billion in AUM. Paul breaks down how to build portfolios resilient to multiple macro outcomes simultaneously — from AI-driven earnings booms to geopolitical shocks and structurally higher rates.
⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com
What we cover:
- Why capital, inflation, and geopolitics have permanently changed the investing landscape
- How to position when two competing macro theses are both plausible
- The AI supply chain trade — where the real money is flowing beyond Nvidia
- Why index concentration is a bigger structural risk than most investors acknowledge
- Real assets, sequencing risk, and protecting capital for investors near retirement
- The contrarian oil thesis most investors aren't pricing in
- Why time in the market beats timing the market — every time
---
Links:
BNY Investments Newton - https://www.newtonim.com/
Connect with Paul Flood - https://www.linkedin.com/in/paul-flood-a9623221/
Connect with Prashant: https://linkedin.com/in/choubeysahab
Subscribe to VC10X newsletter - https://vc10x.beehiiv.com
Subscribe on YouTube - https://youtube.com/@VC10X
Subscribe on Apple Podcasts - https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986
Subscribe on Spotify - https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQ
VC10X website - https://vc10x.com
---
Paul Flood is Head of Multi-Asset at Newton Investment Management, the specialist investment arm of BNY Investments, with over $106 billion in AUM.
🎙 VC10X is a podcast for venture capitalists, fund managers, family offices, and institutional investors navigating the future of capital allocation.
🔔 Subscribe so you never miss an episode.
📩 Join the VC10X newsletter: https://vc10x.beehiiv.com
---
Timestamps:
(00:00) - The Core Principle of Multi-Asset Investing
(01:00) - Introduction to the episode and guest, Paul Flood
(02:32) - What has fundamentally changed in multi-asset investing?
(05:00) - Balancing two macro theses: Geopolitical risk vs. the AI boom
(09:29) - Navigating regional markets: US vs. China in the AI space
(10:45) - Investment strategy across the AI supply chain
(14:22) - Re-evaluating valuations for AI companies
(17:51) - The risk of over-concentration in AI and hedging strategies
(22:00) - Deciding between macro data, market pricing, and fundamentals
(25:05) - Biggest beneficiaries of the AI CapEx boom
(27:55) - Identifying and adapting to market regime changes
(31:08) - A look into different asset classes in a multi-asset portfolio
(36:44) - Biggest gap between market perception and reality
(38:50) - A contrarian view on the future of the oil market
(40:24) - Common misunderstandings in building allocation frameworks
(43:19) - Where to connect with Paul Flood
#MultiAssetInvesting #BNYNewton #VC10X #VentureCapital #FundManagement #FamilyOffice #MacroInvesting #AIInvesting #PortfolioConstruction #WealthManagement
---
Recorded on May 21 '26, not investment advice.
Links in the notes 5
Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them. Explicit shows are for adult profiles only, and children’s profiles hear only children’s shows. More about this list.