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‘There’s money everywhere’: Milken conference-goers look for a dealmaking revival

Packed finance event highlights a power shift to the Middle East and warier views on China

At David Solomon’s annual Milken Institute conference dinner this week, the Goldman Sachs chief executive hosted one of the event’s biggest names: Elon Musk.

Fresh from speaking to a packed auditorium in the Beverly Hilton on Monday, the Tesla chief executive joined about 20 investment heavyweights — among them Todd Boehly, co-owner of the Los Angeles Dodgers baseball team, and former Treasury secretary Steven Mnuchin — at a private residence. Musk sat at the centre of the table with Solomon and held court.

It was one of the hottest tickets of a week when thousands of money managers, bankers and investors descended on Beverly Hills for junk bond king Michael Milken’s annual jamboree. Others included a party thrown by actor-turned venture capitalist Ashton Kutcher and a bash hosted by Leonard Green founder Jonathan Sokoloff which featured English football royalty in the form of David Beckham.

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