Analysts' Top Financial Picks: GCM Grosvenor (GCMG), F.N.B. (FNB)We recently attended GCM’s first investor day since it went public nearly five years ago. The company provided updates on its corporate strategy, value proposition, investment verticals, and financial outlook. It also provided third- quarter fundraising levels and reiterated its plans to double FRE between 2023 and 2028. One of the highlights was that it believes it can deploy 2-3 times its current capital base without diluting rates of returns, pointing to significant operating leverage in the business. The company’s growth outlook remains strong, driven by secular tailwinds, improving fundraising, embedded earnings power from CNYFPAUM, expansion in the retail channel and the launch of new specialized funds, and continued re-ups from existing clients.