these are big changes in geoeconomics and things that we have to take into consideration.rancine: what do you worry about the most? do you have a ranking or it is one and the same? is it a huge transformational change? robyn: it is the transformational change. i think we will see credit markets playing a role. i think that is a long term thing. i think he was see lending tightening, a need for financing, but it is not all things are created equal. i am a big proponent of active management and a big proponent credit, but not every active manager, not every credit expert is going to be able to deliver in these environments. there is expertise and skill need. how do i think about prioritization? i think about capabilities. i think being as skilled as we can be in data, analytics, in tech, in credit and multiple asset classes, and then being able to pivot those. i think that is where i think about things, but do i think about that is the number one thing i'm focusing on? i don't have the luxury of that. we have to think about all these things. francine: are you looking at for

robyn: we've now changed geopolitics to geoeconomics and it is something of an impact point. as we think about what happened when russia invaded ukraine in the impact on our fossil fuel pricing or you think about the worries and concerns around supply chains post-covid and the fact these buffers when you think about corporate real estate and the refinancing it is inevitable -- it is not a 30 year mortgage with these things are coming up for refinancing within the next three, 4, 5 years. that is a lot of money being put to work. we are in an environment where we look out onto the city and office buildings are in a different place and have a different level of occupancy than we have seen before, that these are big changes in geoeconomics and things that we have to take into consideration. francine: what do you worry about the most? do you have a ranking or it is one and the same is huge transformational change? robyn: it is the transformational change. i think we will see credit markets playing a role. i think that is a long term thing. i think he was see lending tightening, a

geoeconomics i think are things that we have to take into consideration.rancine: what do you worry about most, is it a ranking or one in the same? robyn: i think it is a transformational change. i think we are going to see credit markets plan your role. i think if you see lending, tightening, you are going to see a need for financing out there. but it is not at all things are created equal. i am a big proponent of credit but not every active manager and not every credit expert is going to be able to deliver in these environments. there is expertise and skill needed. how do i think about prioritization? i think in terms of capabilities. i think about being as skilled as we can be in data, in analytics, and tech, in credit, and multiple asset classes. and then being able to pivot those. that is where i think about things. that is the number one thing i'm focusing. i think we have to think about all of these things. francine: are you looking at acquisitions to be in certain spaces? robyn: we've always said that we will grow the firm organically and we will al

price to the kind of aggression we have seen in the likes of russia and a part of it is about to geoeconomicsand how we build or update the international economic order in ways that address theng people and address the climate crisis. address the reality of this major nonmarket economy and then part of that also is about giving greater voice to countries that did not have that voice945 but deserve it today adding the african union just this year to the g20 is a good example of that but there's many well. but, yes i believe we've entered a new era and i think it is marked by a but very complex reality which is strategic competition in the age of interdependence. the major powers are deeply interdependent and competitive and that creates the world we are operating in. for the united states what does that mean and since it means investing in ourselves and in our allies so we can compete effectively and also so we can rally solutions to the world's problems that affect all of us. >> without the multilateralism and international law it is a dangerous situation. >> i think there is no reason why we

serious price for the kind of aggression we've seen from the likes of russia and part of it is geoeconomics and how to build to address the working people, address, address the climate crisis, and in the economy, the prc. part of that is giving greater voice to countries that did not have that voice back after 1945, but deserve it today, adding the african union just this year to the g20 is a good example of that, but there is many others as well. yes, i believe we've entered a new era and i think it's marked by a single thing to say, but a very complex reality, which is strategic competition in an ang of interdependence. the major powers are the world that we're operating in. for the united states what does that mean? at essence, it means invest in ourselves and our allies so we can compete effectively and rally solutions to the world's problems that affect all of us, friends as well as competitors. >> thank you. more multipolar world, but more multipolar world without multilateralism and law, international law is a very dangerous situation. we tried that in europe, you know, before the fi