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Speaker 1: This is a bonus episode of the Business of Sports podcast.

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Speaker 1: I'm producer Sebastian Escobar. Milwaukee Bucks superstar Jannis Ante Tecumpo

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Speaker 1: and Calamo CEO John Kadunas are launching in ETF. This

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Speaker 1: is the first time ever that an asset manager and

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Speaker 1: a professional athlete have teamed together as co owners. Bloomberg

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Speaker 1: Intelligence Eric Balcunis sat down with the duo at the

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Speaker 1: New York Stock Exchange to discuss and Jannis, I want

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Speaker 1: to start with you, how did you team up with Calamos?

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Speaker 1: What was the road to get here? It was easy?

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Speaker 1: Was it nombre? We had a meanting to give it

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Speaker 1: and we real as we said the same value as

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Speaker 1: we want to help change the world and allow people

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Speaker 1: to have access to invest in And it was no

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Speaker 1: join forces all right? And John, Look, the ETF is SROI,

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Speaker 1: it's an EESGTF. It's actively managed. Tell us how it works.

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Speaker 1: How are you going to decide what companies go in

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Speaker 1: and get excluded? Well, we were fortunate when I met Jannis.

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Speaker 1: It was about the same time when I acquired a

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Speaker 1: great team from Poland Oregon that's been doing this for

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Speaker 1: over twenty five years and This is before e SG

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Speaker 1: was trendy or ESGU was even a name, and they're

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Speaker 1: one of the first actually to a fossil free fund

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Speaker 1: in history of funds. And so they have a process

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Speaker 1: and where they picked the names. That's proprietary, and they

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Speaker 1: follow this process and they've you know, in the domestic funds,

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Speaker 1: they've been bidding the SMP almost every year. So there

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Speaker 1: it was important not just to launch an EESG fund,

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Speaker 1: but a launch of fund that could have some performance

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Speaker 1: because we're in the performance business as well, all right

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Speaker 1: in Jannis. Look, people have seen a lot of athletes

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Speaker 1: recently doing crypto commercials and you know, for FTX and whatnot.

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Speaker 1: This partnership investing in the equity market seems like a

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Speaker 1: refreshing contrast from that. And I want to talk to

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Speaker 1: you about how you select your business investments, because I'm

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Speaker 1: sure you get a lot of pitches. How's that process work?

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Speaker 1: Of people who around me that they're smarter than me,

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Speaker 1: way smarter than me. And I felt that all the

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Speaker 1: business opportunities that I have, and I just tried to

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Speaker 1: get in things that I'm passionate about. I understand of

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Speaker 1: DANDE research in that's pretty much if I don't understand it.

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Speaker 1: And if people cannot explain it to me in fifty seconds,

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Speaker 1: fifteen minutes and twenty minutes, like mister John did, I'm

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Speaker 1: not getting myself into it. So John, as you know,

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Speaker 1: there's a lot of esgtf's about two fifty to be exact, right,

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Speaker 1: it's a crowded marketplace. The flows were coming in heavy

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Speaker 1: a few years ago. They've trickled off. MSCI has cut

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Speaker 1: some ratings. As Scarlet said earlier, how are you going

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Speaker 1: to market and position the ETF in what is a

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Speaker 1: more difficult environment for ESG. It's cruly, you know, it's

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Speaker 1: gotten some headwinds just as of late, and we're seeing

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Speaker 1: that it's in the news a lot. But you have

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Speaker 1: to understand how big this market is. As you probably no,

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Speaker 1: ESG is huge, right, I mean at the end of

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Speaker 1: two twenty it was a forty three trillion dollar market.

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Speaker 1: The predicting, actually Bloomberg is predicting at the end of

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Speaker 1: twenty twenty five it's going to be a fifty three

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Speaker 1: trillion dollar market out of one hundred and forty that's

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Speaker 1: over a third of all investable assets in the world

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Speaker 1: will be an ESG. So this is not a fat

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Speaker 1: where long term investors, this is here to stay, and

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Speaker 1: this is given an opportunity for people to choose with

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Speaker 1: people that can actually perform. You know, whether energy is

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Speaker 1: up or down, that you know it. Over the long run,

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Speaker 1: we're going to perform, not just be ESG. So it's

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Speaker 1: going to be something that I think people will really

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Speaker 1: really like, Okay and Jannis. After the Silicon Valley bank failure,

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Speaker 1: a lot of people resurfaced an article that was written

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Speaker 1: in Bloomberg a year ago where it said that you

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Speaker 1: had money in fifty different banks. I know that's not

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Speaker 1: totally true, but they were saying that actually makes sense

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Speaker 1: because some banks were failing here in the US. I

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Speaker 1: guess I want to talk about how your personal portfolio

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Speaker 1: has evolved over the years. It's not totally true. I

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Speaker 1: can give you the story. When I came in the

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Speaker 1: United States, I was eighteen years old. I had to

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Speaker 1: basically teach myself everything had to rent the place, had

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Speaker 1: to get the driving lives, had to open the bank account.

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Speaker 1: And when I went out there in the counter, I

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Speaker 1: asked them because I was so I came. I came,

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Speaker 1: I thought I had no money. When I grow enough

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Speaker 1: so I asked them, I said, it's my money is safe.

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Speaker 1: They said two hundred and fifty thousand safe. That's the

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Speaker 1: only one we could guarantee you. And I said, okay,

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Speaker 1: I have way more than two hundred fifty thousand. So

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Speaker 1: I got open multiple banks, opened, five, six, seven banks

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Speaker 1: and so it's not quite ree. I did had fifth

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Speaker 1: where I had quite a lot. But there's way smarter

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Speaker 1: ways to do it, and you know, um keep your

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Speaker 1: money safe. But definitely from the year that COVID happened

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Speaker 1: to that in the twenty game, a lot of time

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Speaker 1: to think, and you know, I had met to a

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Speaker 1: lot of people that have better, better myth through you know,

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Speaker 1: I'm investing days and they've allowed me to adroma portfolio

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Speaker 1: in the smart way. So that's been too much. And

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Speaker 1: this joint venture, you were going to give ten percent

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Speaker 1: of the profits to charity, So I guess I would say,

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Speaker 1: where would you like to see the money go? Financial

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Speaker 1: literacy and the education and financial literacy is a big

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Speaker 1: deal in the US. Someone with your platform could obviously help.

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Speaker 1: What else do you want to do in the investment arena?

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Speaker 1: And I but now I'm just focused in the thest

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Speaker 1: just I think's the best thing. All right, real quick, John,

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Speaker 1: I know you're in Chicago. You sponsor the Bulls Stadium.

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Speaker 1: They very well could play the Bucks in the first round.

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Speaker 1: Do you think they have a chance. I don't think

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Speaker 1: I'm going to comment on that. I know it's very

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Speaker 1: different though, with Janis on the team, for anybody to

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Speaker 1: beat them. That was Calamo CEO John Caldoons with Milwaukee

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Speaker 1: Bucks superstar janis Anto Takumpo being interviewed by Bloomberg's Eric Balchunis.

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Speaker 1: To hear more conversations like this, check out the Business

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Speaker 1: of Sports podcasts by going to Bloomberg dot com, slash podcasts, O,

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Speaker 1: wherever you get your podcasts. I'm Sebastian Escobar. This is

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Speaker 1: Bloomberg