Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Roger Freeman - Barclays Capital.
Roger Freeman - Barclays Capital
Wes, can you just sort of clarify some of the questions that have been out there about any potential change in strategy for the company with Dan coming on board? There was that FT article that seemed to have been leaked by somebody that was at an employee meeting. Can you just sort of talk about any changes with respect to acquisition strategy, etc.?
Wesley Edens
Roger, it's not so much a change in strategy per se. It is something we've talked about internally for a long time, which is the need to focus on the day-to-day operations and management of the company as a full-time job and then focus on the investing of the capital separate and apart from that. So myself, Randy, Rob running the private equity business, that's what we're focused on; Pete and Dean and others running the credit businesses, Mike, Adam and others running the macro businesses, we're very focused on the day-to-day management of our investors' capital.
And it's not to say that the strategy is going to shift per se, but we do think that there are many, many other things we could be doing as a firm and doing them on a part-time basis was just simply something we knew in the long run was not the right answer. And while we knew it was not the right answer, it's a difficult thing to find the right person to do this. Dan is a guy that's got a tremendous amount of substance and has had lots and lots of experience being a CEO of, obviously, a very substantial financial institution before. He'll focus on the day-to-day management of the company.
I do think that in the ordinary course of our activities we will be very focused on other kinds of things that are out there in the world and there are lots and lots of opportunities. And so just like we have lots of opportunities in our investment businesses that the three groups are focused on, we think there's lots of opportunities as a firm that we can be focused on as well, to both allow us to realize our ambitions and our potential as a firm. So the right thing to do was to make the appropriate changes to put somebody in charge of that, and that's why we're very excited to have Dan here.
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