Morgan Stanley's Post-GFC Rebuild: Pooled Incentives & Centralized Power
Lauren Hochfelder on how Morgan Stanley Real Assets rebuilt post-GFC, shifting to pooled incentives and centralized decision-making to drive repeatable performance.
Lauren Hochfelder: Investing Behind Structural Demand in Real Assets
With Ted Seides, Lauren Hochfelder · Sunday, August 2, 2026
Lauren Hochfelder, Global Co-Head of Real Assets at Morgan Stanley, discusses her 26-year career journey at the firm, the evolution of their real estate and infrastructure investment strategies, and their philosophy of investing behind structural demand drivers. She elaborates on their post-GFC business overhaul, cultural pillars of rigor, humility, and partnership, and current favored and avoided sectors, emphasizing a mid-market fund approach for optimal selectivity.
MS's Hochfelder on Senior Housing, Net Lease, and Avoiding 'Bubbly Behavior'
Morgan Stanley's Lauren Hochfelder details the firm's real asset sector preferences, including senior housing and net lease, while exiting 'bubbly' plays like life sciences and avoiding high-capex US office.
Morgan Stanley's Local Edge: Industrial Rents Up 40% vs. Down 40%
Morgan Stanley's Lauren Hochfelder on how hyper-local teams and proprietary data enable ruthless asset selection, spotting 40% rent swings where others see only sector trends.