Hedge Fund Alpha is covering the 2025 J.P. Morgan / Robin Hood Investors Conference, a premier investment ideas event that brings together leading voices from investing, technology, business, and policy. The conference is known for delivering investable insights and actionable ideas through fireside chats, panels, and pitches – all in support of Robin Hood’s mission to fight poverty across New York City.
Also see our coverage of the 2024 Robin Hood Investors Conference, 2023 Robin Hood Investors Conference, and the 2018 Robin Hood Investors Conference.
We have full coverage which can be found by clicking on the links below as well as a full 87 pdf for subscribers.
Robin Hood Investors Conference Agenda
9:00 AM – Conference Begins
9:00 AM – Welcome – Kristin Lemkau, J.P. Morgan
9:05 AM – Eye on the Market – Michael Cembalest, J.P. Morgan
At the 2025 Robin Hood Investors Conference, J.P. Morgan’s Michael Cembalest presented his latest “Eye on the Market” analysis, referencing Microsoft (MSFT), Nvidia (NVDA), and Oracle (ORCL) as key players shaping the AI and infrastructure boom.
Cembalest described the AI capital expenditure wave as one of the largest corporate investment cycles in history, rivaling the industrial revolutions of prior centuries. He explained that while technology valuations remain tied to profitability, energy supply has emerged as the next constraint, citing long lead times for turbines and inconsistent energy policy. He also discussed U.S.–China competition in semiconductors, Taiwan’s grid vulnerability, and the long-term importance of immigration in sustaining productivity. Full details are available in the linked coverage.
– See: JPM’s Michael Cembalest On AI Boom “Never Seen Anything Like It Before”
9:30 AM – Private Credit Perspective
- Moderator: Michael Arougheti, Ares Management
- Panelists: Marc Lipschultz, Blue Owl Capital; Kristin Kallergis Rowland, J.P. Morgan
Ares Management’s Michael Arougheti and Blue Owl Capital’s Marc Lipschultz discussed the rise of private credit, describing how it has matured into a central pillar of modern lending markets.
They characterized private credit as a flexible, scalable alternative to traditional banking that offers both yield and structural stability. With spreads of 150 to 300 basis points above public markets, they argued that investor demand remains strong. The panel also highlighted expansion in Europe and in specialized verticals such as data infrastructure and sports financing, positioning the asset class as the “new plumbing” of the global financial system. Full panel highlights are in the linked story.
– See: Bankruptcies Don’t Break the Thesis: Ares and Blue Owl Explain Private-Credit Outlook
10:00 AM – Fireside Chat
- Speaker: Roger W. Ferguson, Jr.
- Interviewer: Natalia Chefer, The D. E. Shaw Group
Former Federal Reserve Vice Chair Roger Ferguson Jr. joined D.E. Shaw’s Natalia Chefer to discuss how technology-driven productivity cycles, including the AI revolution, influence monetary policy and market behavior.
Ferguson drew parallels between the 1990s internet expansion and today’s AI investment wave, noting that while productivity gains are likely, they have yet to fully appear in the data. He emphasized that the Fed should focus on economic fundamentals rather than attempting to target asset valuations. Ferguson also explored how automation and fiscal expansion could challenge capitalism’s ability to distribute benefits equitably, underscoring the importance of central bank independence. Full session insights can be found in the linked coverage.
– See: Roger Ferguson Jr. With D.E. Shaw Questions Whether Capitalism Can Survive
10:30 AM – Fireside Chat
- Speaker: Jamie Dimon*, J.P. Morgan
- Interviewer: Stephanie Ruhle, MSNBC
Jamie Dimon shared his typically candid outlook on the economy, highlighting consumer spending, fiscal excess, and geopolitical risk while avoiding direct stock discussion.
He described the current mix of consumer strength and corporate profitability as unsustainable without structural reform. Dimon called rising government deficits “heroin in the system” and urged policymakers to balance growth with fiscal discipline. On geopolitics, he stressed the need for Western cohesion in trade and defense, particularly as global fragmentation intensifies. Domestically, he pointed to education and healthcare as critical priorities for long-term stability. Full discussion details are in the linked article.
– See: Fireside Chat With Jamie Dimon – Deficit Is “Heroin”
11:00 AM – Morning Break
11:15 AM – Best Idea – Lauren Taylor Wolfe, Impactive Capital
Lauren Taylor Wolfe highlighted the recycled plastics and stormwater infrastructure industry, referencing Advanced Drainage Systems (WMS) as a leading example of how sustainability and profitability can align.
She described the sector as capital efficient and vital to modern infrastructure, with consistent pricing power and market share growth. Taylor Wolfe argued that recycled polymer systems are outpacing traditional materials on durability, cost, and regulation-driven demand. She pointed to disciplined management and cash flow strength as indicators of enduring value. Complete session notes are available in the linked coverage.
– See: Lauren Taylor Wolfe’s Best Idea – Plastic And Poop
11:25 AM – Best Idea – Michael Buckley, Duquesne Family Office
Michael Buckley focused on the biotechnology and diagnostics industry, highlighting one particular stock as part of the new wave of companies using blood-based testing for early disease detection.
He framed the sector as a technological leap forward for healthcare, combining biology, AI, and data science to transform both costs and outcomes. Buckley emphasized the long runway for adoption, particularly as regulatory coverage expands, and noted recurring revenue models as a driver of consistent growth. Full insights are included in the linked session summary.
– See: Duquesne Family Office’s Pitches A Biotech Stock
11:35 AM – AI Panel: Investor View
- Moderator: Brad Gerstner, Altimeter
- Panelists: Andrew Homan, Maverick Silicon; Josh Wolfe, Lux Capital; Chase Coleman, Tiger Global
The “AI: Investor View” panel brought together leading investors to analyze how the AI revolution is reshaping global markets, citing lots of names which could benefit.
Panelists estimated trillions of dollars in AI-related infrastructure investment over the coming decade, spanning semiconductors, data centers, and energy systems. They debated where value will concentrate, agreeing that chipmakers currently capture outsized margins but that future gains may flow toward efficient software and edge computing. The discussion also touched on agent-based AI systems that could redefine online commerce. Full analysis is included in the linked article.
– See: Chase Coleman – These Stocks Will Be The Big AI Winners
12:05 PM – Best Idea – Mohammed Anjarwala, Advent Global Opportunities
12:15 PM – Lunch
1:15 PM – Welcome Back – Kenneth G. Tropin, Graham Capital Management
1:20 PM – Best Idea – Larry Robbins, Glenview Capital Management
Larry Robbins focused on healthcare and payments, mentioning four specific stocks as examples of sectors mispriced by the market.
He argued that fundamentals such as free cash flow and shareholder returns remain underappreciated amid a market obsessed with narratives. Robbins described many healthcare and payment platforms as undervalued despite stable earnings and disciplined capital allocation. His message emphasized patience and value recognition in less flashy, essential industries. Full presentation notes are linked in the detailed coverage.
– See: Larry Robbins – This microchip Processor At A 5X PE Is The Best Stock In S&P 500
1:30 PM – Trends and Opportunities in Healthcare
- Moderator: Senai Asefaw, MD, Paradigm BioCapital Advisors
- Panelists: Aaron Weiner, Atlantic Wolf Capital; Larry Robbins, Glenview Capital Management
Healthcare specialists Senai Asefaw and Aaron Weiner analyzed a recovering sector, citing two stocks as examples of companies driving innovation and resilience.
They noted that after several years of underperformance, biotech and medtech valuations have become attractive again. Asefaw discussed progress in oncology and gene therapy, while Weiner highlighted robotics and AI integration in surgical applications. The panel agreed that consolidation and regulatory stability could power a new growth phase. Full session highlights are in the linked piece.
– See: Paradigm BioCapital, Atlantic Wolf & Robbins Talk Healthcare Stocks
2:00 PM – Fireside Chat
- Speaker: Dario Amodei*, Anthropic
- Interviewer: Paul Tudor Jones II, Tudor Investment Corporation
Anthropic CEO Dario Amodei joined Paul Tudor Jones to explore the economics, risks, and power dynamics of advanced AI, citing Nvidia (NVDA), Google (GOOGL), Meta (META), and Oracle (ORCL) as examples of companies driving the hardware and compute cycle.
Amodei noted that model training costs are rising sharply but remain sustainable as long as efficiency gains and enterprise adoption continue. He warned that returns may diminish once systems reach advanced reasoning thresholds and stressed the importance of AI safety research. The conversation also addressed chip supply dependencies and potential white-collar job displacement within five years. Full details are available in the linked write-up.
– See: Dario Amodei & Paul Tudor Jones – AI To Solve Most Problems By 2030
2:30 PM – Deep Dive on Stablecoins
- Moderator: Umar Farooq, J.P. Morgan
- Panelists: Jeremy Fox-Green, Circle Internet Group; Timothy G. Massad, Harvard Kennedy School; Christine Moy, Apollo; Mike Novogratz, Galaxy Digital
The stablecoins panel examined how blockchain-based digital dollars are transforming payments and capital markets, with participants referencing Ethereum (ETH) and Solana (SOL) as key ecosystems enabling this shift.
Speakers described stablecoins as programmable instruments that make money move as easily as information. They discussed how regulation and interoperability could determine whether stablecoins enhance or fragment the U.S. dollar’s influence abroad. The panel envisioned a near future where digital wallets integrate tokenized assets, yield products, and payments in a single interface. Full coverage of this session is available via the link.
– See: Stablecoins Deep Dive- $4T Off-Bank Crypto; AI Agents Will Settle With Tokenized Dollars
3:00 PM – Afternoon Break
3:25 PM – Best Idea – Angela Aldrich, Bayberry Capital Partners
Angela Aldrich explored opportunities in natural food ingredients and plant-based colorants, positioning this niche within the broader consumer goods transformation.
She described how health awareness and regulatory change are fueling a multi-decade shift from artificial additives to sustainable alternatives. Aldrich emphasized innovation in sourcing and processing as a driver of competitive advantage and margin expansion. She called it an ESG-aligned growth story with durable demand. Additional insights are available through the linked article.
– See: Bayberry Capital’s Angela Aldrich Long Natural Coloring Giant
3:35 PM – Best Idea – Jack Woodruff, Candlestick Capital
Jack Woodruff made the case for the airline industry as a restructured and investable space after years of consolidation and balance sheet repair, with one particular name he likes.
He noted improved pricing discipline, lower competition, and more sustainable capital returns, arguing that the sector has evolved from a cyclical trade to a durable cash flow generator. While acknowledging exposure to fuel and macro cycles, he sees an asymmetric opportunity in what he called “a rationalized industry built for profitability.” Full remarks are detailed in the linked summary.
– See: Candlestick Capital Long This US Stock
3:45 PM – Betting on the Future
- Speaker: Shayne Coplan, Polymarket
- Interviewer: Boaz Weinstein, Saba Capital
Shayne Coplan and Boaz Weinstein closed the conference with a discussion on prediction markets and how they could reshape decision-making across policy, sports, and finance.
Coplan explained how event markets quantify uncertainty by translating sentiment into tradable probabilities, while Weinstein compared them to derivatives that capture real-time consensus. They suggested that prediction markets could evolve into institutional tools for hedging and research, bridging the gap between forecasting and investment. Full conversation notes are available in the linked recap.
– See: Boaz Weinstein On Betting Markets – Spirit Airlines Case Study & Nvidia Example
4:15 PM – Fireside Chat
- Interviewer: Ken Griffin, Citadel
- Speaker: Erik Schatzker, Bloomberg
Citadel’s Ken Griffin reflected on the intersection of markets, technology, and governance, noting that despite widespread enthusiasm for generative AI, firms have yet to see consistent trading alpha from tools built on the technology.
Griffin sees AI’s greatest near-term impact in productivity and process optimization rather than in investment decision-making. He cautioned that fiscal indiscipline and declining educational standards pose bigger long-term threats to competitiveness than technological disruption. Griffin concluded that America’s economic edge depends on consistent policy and a recommitment to meritocracy. More from his remarks is available in the linked recap.
– See: Ken Griffin – Dollar Is Key Asset And Risk For US Growth
- 4:50 PM – Closing Remarks – Richard R. Buery, Jr., Robin Hood
- 5:00 PM – Post-Conference Cocktail Hour
See the full PDF of our coverage of the 2025 Robin Hood Investors Conference below.
