ETFs as the Silicon Valley of finance, and Blackstone’s BREIT conundrum

Phil Bak, CEO of Armada ETFs, calls ETFs the “Silicon Valley of finance,” while offering some cautionary notes about private REITs and redemptions. We get his take on the fallout surrounding the Blackstone BREIT and how the firm might have played it differently if it knew then what it knows now. (01/2023)