Episode

Credit Crunch: BlackRock’s Rosenberg on Systematic, AI Impacts

Podcast
FICC Focus
Published
Jun 22, 2026
Duration seconds
3499
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not_requested
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https://traffic.megaphone.fm/BLM9262440740.mp3
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https://traffic.megaphone.fm/BLM9262440740.mp3
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/v1/public/podcasts/ficc-focus-4513680/episodes/credit-crunch-blackrock-s-rosenberg-on-systematic-ai-impacts
Markdown
/podcast/ficc-focus-4513680/credit-crunch-blackrock-s-rosenberg-on-systematic-ai-impacts.md

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Summary

“LLMs give us the opportunity to kind of rethink how much expected skill we can get out of our tools and techniques,” says Jeffrey Rosenberg, managing director and senior fixed income portfolio manager for BlackRock Systematic. “If deep fundamental value investing is dedicating 10,000 hours to create ... concentrated portfolios based on an expectation of high degrees of skill, maybe we can do something similar because the technology allows us to.” This is an evolution from a model focused on maximizing small advantages, according to Rosenberg, who joins Bloomberg Intelligence’s Noel Hebert on this episode of the Credit Crunch podcast. The two discuss rates decorrelation, systematic’s peanut-butter-cup moment and iShares Systematic Alternatives Active ETF (IALT), the company’s latest liquid systematic-strategy offering. The Credit Crunch podcast is part of BI’s FICC Focus series.