Professional experience includes working at a global asset manager with ~$200+ billion AUM focused on Sustainable Investing. Prior to joining Lazard in 2021, Shanu was a Vice President and Head of ESG at First Eagle Alternative Credit, a $20 billion+ alternative asset manager.
Previous experiences include Strategic Finance at Expanse (acquired by PANW for ~$1 billion) and Tech/ Healthcare M&A banking at Evercore (~$40 billion of transaction experience).
Learn more about shanu
Climate, Investing, NBA, & Rap. SVP, Portfolio Manager – Sustainable Investing. Prev: Head of ESG, HY Credit, Startup (acq.) IB. Own Views. RTs ≠ endorsement.
Financial Services
Chicago, IL
Some thoughts:
-Recent AI infrastructure stock correction post-Deepseek feels warranted medium-term but perhaps overdone near-term. Key debate: Are scaling laws still primary driver of ecosystem spend (chips, data centers, cooling, MEP work) or are we seeing new efficiency…
Yep, and timelines for new turbines are already on a 3+ year timeline too. Not looking at getting new unplanned gas plants operating until beyond 2030.
People aren’t ready to have that conversation yet cause the “gas is back” talk track is in vogue right now.
It isn't just renewables; inflation is hitting all energy infrastructure. Duke just proposed building 2 gas-fired power plants in Indiana by 2030 for $3.3 bln, a stunning $2236/kw.
For comparison, a facility in MI came on in '22 at $1000/kw and another in IL in '23 at $1083/kw.
Banger “It doesn't matter which horse is going to win the race. What matters is which horse or horses are mispriced relative to their prospects. And then when you get down to fundamentals, it's really how much money can the company invest at what return on investment.”
@mjmauboussin on the one job of an equity investor:
1) Assessing the expectations embedded in the stock price
2) Analysing the future cash flows of the business: ROIC, reinvestment rates and the durability of ROIC > WACC
3) Comparing the market’s expectations (1) with your…
"Construction input prices experienced a significant increase of 1.4% sequentially in Jan ‘25, marking the largest monthly rise in two years... This surge in prices was primarily driven by escalating energy costs, with notable increases in crude petroleum, natural gas, and…
40yo oldest player in the NBA in 22nd season is 6th in the CURRENT mvp rankings. There’s no debate, you’re just in denial 😂
You can argue peak, career legacy, etc. but no one has been better at mastering the sport of basketball than LeBron James. Never seen anything like this.
http://NBA.com’s updated MVP Ladder:
1. Shai Gilgeous-Alexander
2. Nikola Jokic
3. Giannis Antetokounmpo
4. Jayson Tatum
5. Karl-Anthony Towns
6. LeBron James
7. Anthony Edwards
8. Jaren Jackson Jr.
9. Jalen Brunson
10. Donovan Mitchell
100% agree. For the first time ever, convinced that we are moving to an era where these things will compete/outperform humans at various tasks.
Have been tinkering since these things came out and the rate of improvement that has occurred has been excellent. Rarely use Google…
As a tech normie, I thought ChatGPT was fascinating when first released but struggled to find a use case. A little over 2 years later, I’m surprised how much LLMs have improved and become indispensable to my work flow, mostly at the expense of search.
57:08
It has been a turbulent month in the financial sector, which could have big implications for the world of energy. Mobilising capital is vital for achieving international goals to curb greenhouse gas emissions and to adapt to the impacts
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