Rithm CEO on Winning Support to Buy Sculptor

The transcript discusses Rhythm's transformation from New Residential, its acquisition of Sculptor, and the strategic importance of this deal. The company aims to become a global asset manager, leveraging the expertise of investment professionals. The transcript also covers the support of Dan Ock, financing strategies, and future acquisition plans. Additionally, it provides an economic outlook, highlighting investment opportunities in a high-deficit environment.

What was Rhythm formerly known as?

• New Residential

• Old Residential

• New Fortress

• Old Fortress

What is the primary goal of Rhythm as mentioned in the transcript?

• To become a leading real estate developer

• To become a leading retail chain

• To become a world-class global asset manager

• To become a top technology company

Why was the Sculptor acquisition considered complex?

• Because of legal challenges and bidding wars

• Because it was a new market for Rhythm

• Due to its high cost

• Due to lack of interest from investors

Who played a key role in supporting the Sculptor acquisition?

• Goldman Sachs

• Boaz Weinstein

• Dan Ock

• Jimmy Levin

How is Rhythm financing the Sculptor deal?

• Through a bank loan

• By issuing new shares

• By selling existing assets

• Using $2 billion in cash and liquidity

What is Rhythm's next planned acquisition?

• A technology firm

• A manufacturing company

• A retail chain

• A real estate business

What is the economic outlook discussed in the transcript?

• A recession with no investment potential

• A period of low inflation

• A time of economic stability

• A higher for longer environment with investment opportunities