Ahead of the marcus evans Private Wealth Management Summit 2021, read here an interview with Gershie Vann discussing how to deliver the yield that investors are looking for.
Ahead of the marcus evans Private Wealth Management Summit 2021, Steve Fifield discusses which sectors of the real estate market investors can gain the most from
How Robo Advisers, Fintech Are Revolutionising Wealth ManagementDinis Guarda
How Robo Advisers, Fintech Are Revolutionising Wealth Management. A Reflection and presentation about trends and ideas related with the topic and what is happening in the industry
Victor Gadoury, CLU, ChFC • LPL Financial
- Active investment managers at NAAIM believe their way is better by Susan Baber and David Wismer
- NASDAQ Composite poised to break all-time levels
- The trend-following play by Dave Landry
- Marketing in a multi-target sales process (Katie Williams, LPL Financial)
The multifamily real estate sector is famous for having outperformed other sectors in the market, especially during the global economic downturn that began in 2007. With fears of another recession on the horizon, this white paper aims to educate readers on the portfolio stability, tax advantages, and passive income benefits which investing in non-traded REITs can bring to investors at any level of their investing careers.
This paper will additionally share economic data and future market predictions from the leading analysts and data houses in the multifamily housing market.
DealMarket Digest Issue 131 - 7 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 131 - March 7th, 2014:
- How New European Rules Affect Private Equity Teams
- PE outlook for Europe
- EY’s Top 10 VC Dealmakers Worldwide
- Global Telecom M&A Hits 13 Year High
- PE Drives Robust Returns for Ontario Pension Fund
- Quote of the Week: Venture Capital? Make Way for Geek Guilds
Ahead of the marcus evans Private Wealth Management Summit 2021, Steve Fifield discusses which sectors of the real estate market investors can gain the most from
How Robo Advisers, Fintech Are Revolutionising Wealth ManagementDinis Guarda
How Robo Advisers, Fintech Are Revolutionising Wealth Management. A Reflection and presentation about trends and ideas related with the topic and what is happening in the industry
Victor Gadoury, CLU, ChFC • LPL Financial
- Active investment managers at NAAIM believe their way is better by Susan Baber and David Wismer
- NASDAQ Composite poised to break all-time levels
- The trend-following play by Dave Landry
- Marketing in a multi-target sales process (Katie Williams, LPL Financial)
The multifamily real estate sector is famous for having outperformed other sectors in the market, especially during the global economic downturn that began in 2007. With fears of another recession on the horizon, this white paper aims to educate readers on the portfolio stability, tax advantages, and passive income benefits which investing in non-traded REITs can bring to investors at any level of their investing careers.
This paper will additionally share economic data and future market predictions from the leading analysts and data houses in the multifamily housing market.
DealMarket Digest Issue 131 - 7 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 131 - March 7th, 2014:
- How New European Rules Affect Private Equity Teams
- PE outlook for Europe
- EY’s Top 10 VC Dealmakers Worldwide
- Global Telecom M&A Hits 13 Year High
- PE Drives Robust Returns for Ontario Pension Fund
- Quote of the Week: Venture Capital? Make Way for Geek Guilds
Succeeding in large round fundraising or M&A in the COVID recession Victor Basta
Slides presented recently at a tech growth CEO workshop (for emerging markets, but generally applicable), about succeeding post COVID in growth fundraising or strategic M&A
The presentation at Aspen Investment Forum (www.AspenInvestmentForum.com) on January 6th, 2014 about a partnership between one of the largest equity crowdfunding platforms in Europe, OurCrowd and GE.
Untapped opportunities in the Italian credit market: "Pre-UTPs and insolvency...Lodovico Mazzolin
A 2018 discussion paper on the Italian Credit Market. A couple of opportunities of potential high-ROE businesses by exploiting challenger banks or shadow banking players focused on tail risk credit (pre-UTPs and default procedures) are presented.
Specialty Financing Private Debt Fund - Extracting yield in a low interest ra...Lodovico Mazzolin
Discussion Paper on alternative financing for SMEs through a private credit fund. Opportunity for an Asset Manager to diversify in alternative investment funds leveraging spread on Italian SMEs and households credit facilities.
Flawed Market Structure Exacerbating the Great Wealth DivideDara Albright
This power point illustrates how flawed market structure exacerbates wealth disparity and how the JOBS Act is helping to narrow it by transforming our capital markets and creating an abundance of new opportunities for smaller issuers and investors to create wealth.
Technology and wealth management in digital age by Miles SoftwareMiles_Software123
This presentation focuses on:
What are the trends in Wealth Management Business In India v/s global trends?
Investment trends
What are the challenges in Wealth Management business?
What are the technology trends In Wealth Management industry?
The future of technology in Wealth Management?
How does technology meet the industry challenges?
State Of European FinTech: Current Trends & Prediction 2017Innovate Finance
A report by Magister Advisors and Innovate Finance shows that capital invested into $20 million + rounds have increased at a compound annual growth rate of 75% since 2013.
A quick overview on market sizing tech in Africa. Startups should realize there are many ways to measure market sizes and they should not overly rely on top level macro economic data such as GDP figures and Africa generalizations. They should focus on emerging segments such as the middle class and watch important trends such as connectivity, urbanization and the role of women in tech when looking for opportunities. Go-to-market strategies, segmentation whilst relying on validating demand in the spirit of the lean startup approach are the important in convinging yourself and investors of the potential of the market. Always Be Learning.
DealMarket Digest Issue86 - 8th March 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 86 - 8th March 2013:
- Mutual Attraction: Family Offices and PE Fundraisers
- Survey Finds Investor Appetite for Big Buyout Funds
- PE Investors Eye Ista for $3.9 bn
- Doubts Linger About IPO as Exit in Europe
- Investments on the Rise in Latin America
- Quote of the Week: Sales Booster
CommerzVentures' white paper on InsuranceTechCommerzVentures
This research paper by CommerzVentures explores the five technologies that are going to transform the $4tn insurance industry: connected devices, artificial intelligence, drones, blockchain and new payment systems.
Utilizing hindsight to rebuild the capital markets feb 2012Dara Albright
In this remarkable moment in history, the U.S. regulatory environment, its capital markets and the innovation that drives those markets are simultaneously on the threshold of dramatic change. We are currently witnessing the embryonic period of a cutting-edge stock market just as we usher in a new era of mass media. At the same time, new legislation aimed at facilitating capital formation is being introduced to support this modern infrastructure. There has never been a more opportunistic time to capitalize on change.
Ahead of the marcus evans Latin Private Wealth Management Summit Fall 2018, read here an interview with Edgar Nava, Orlando Sthory and Leonardo Bracho discussing how investors can take advantage of volatility
Joe Wirbick • J.W. Cole Financial, Inc.
- Diversification and the active manager by Linda Ferentchak
- Germany 2-year bond yield falls to negative territory
- Balancing active and passive investment strategies (Gary Ziegler, Transamerica Financial Advisors, Inc.)
Succeeding in large round fundraising or M&A in the COVID recession Victor Basta
Slides presented recently at a tech growth CEO workshop (for emerging markets, but generally applicable), about succeeding post COVID in growth fundraising or strategic M&A
The presentation at Aspen Investment Forum (www.AspenInvestmentForum.com) on January 6th, 2014 about a partnership between one of the largest equity crowdfunding platforms in Europe, OurCrowd and GE.
Untapped opportunities in the Italian credit market: "Pre-UTPs and insolvency...Lodovico Mazzolin
A 2018 discussion paper on the Italian Credit Market. A couple of opportunities of potential high-ROE businesses by exploiting challenger banks or shadow banking players focused on tail risk credit (pre-UTPs and default procedures) are presented.
Specialty Financing Private Debt Fund - Extracting yield in a low interest ra...Lodovico Mazzolin
Discussion Paper on alternative financing for SMEs through a private credit fund. Opportunity for an Asset Manager to diversify in alternative investment funds leveraging spread on Italian SMEs and households credit facilities.
Flawed Market Structure Exacerbating the Great Wealth DivideDara Albright
This power point illustrates how flawed market structure exacerbates wealth disparity and how the JOBS Act is helping to narrow it by transforming our capital markets and creating an abundance of new opportunities for smaller issuers and investors to create wealth.
Technology and wealth management in digital age by Miles SoftwareMiles_Software123
This presentation focuses on:
What are the trends in Wealth Management Business In India v/s global trends?
Investment trends
What are the challenges in Wealth Management business?
What are the technology trends In Wealth Management industry?
The future of technology in Wealth Management?
How does technology meet the industry challenges?
State Of European FinTech: Current Trends & Prediction 2017Innovate Finance
A report by Magister Advisors and Innovate Finance shows that capital invested into $20 million + rounds have increased at a compound annual growth rate of 75% since 2013.
A quick overview on market sizing tech in Africa. Startups should realize there are many ways to measure market sizes and they should not overly rely on top level macro economic data such as GDP figures and Africa generalizations. They should focus on emerging segments such as the middle class and watch important trends such as connectivity, urbanization and the role of women in tech when looking for opportunities. Go-to-market strategies, segmentation whilst relying on validating demand in the spirit of the lean startup approach are the important in convinging yourself and investors of the potential of the market. Always Be Learning.
DealMarket Digest Issue86 - 8th March 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 86 - 8th March 2013:
- Mutual Attraction: Family Offices and PE Fundraisers
- Survey Finds Investor Appetite for Big Buyout Funds
- PE Investors Eye Ista for $3.9 bn
- Doubts Linger About IPO as Exit in Europe
- Investments on the Rise in Latin America
- Quote of the Week: Sales Booster
CommerzVentures' white paper on InsuranceTechCommerzVentures
This research paper by CommerzVentures explores the five technologies that are going to transform the $4tn insurance industry: connected devices, artificial intelligence, drones, blockchain and new payment systems.
Utilizing hindsight to rebuild the capital markets feb 2012Dara Albright
In this remarkable moment in history, the U.S. regulatory environment, its capital markets and the innovation that drives those markets are simultaneously on the threshold of dramatic change. We are currently witnessing the embryonic period of a cutting-edge stock market just as we usher in a new era of mass media. At the same time, new legislation aimed at facilitating capital formation is being introduced to support this modern infrastructure. There has never been a more opportunistic time to capitalize on change.
Ahead of the marcus evans Latin Private Wealth Management Summit Fall 2018, read here an interview with Edgar Nava, Orlando Sthory and Leonardo Bracho discussing how investors can take advantage of volatility
Joe Wirbick • J.W. Cole Financial, Inc.
- Diversification and the active manager by Linda Ferentchak
- Germany 2-year bond yield falls to negative territory
- Balancing active and passive investment strategies (Gary Ziegler, Transamerica Financial Advisors, Inc.)
NOVA is a multi-manager multi-strategy managed asset program looking for seed capital. This presentation represents simulated returns comprised of actual manager trading results.
Ted Alexander of Magellan Asset Management discusses the investment implications of 8 predictions in artificial intelligence, with a focus on healthcare.
Ted delivered his presentation at 'The Future of Financial Advice', the Booster Financial Adviser Conference 2016 in Wellington, New Zealand on 4 November 2016.
Ahead of the marcus evans Private Wealth Management Summit 2022, read here an interview with John Van Clief on the investment opportunities in the alternatives space, and what makes companies innovative and recession-resistant.
The paper opens with an overview of the
commodity trading advisor (CTA) sector, highlighting the
significant growth that has taken place in the managed
futures industry in recent years and explaining how
the managed futures strategies that CTAs employ
work in practice. The breadth of sub-strategies under
the managed futures umbrella are then examined.
The third part of the paper examines the benefits and
perceived risks to investors of allocating to managed
futures strategies and also addresses various common
misunderstandings about CTAs.
The paper concludes by exploring the common ways
as to how investors can access the various investment
strategies that are available
Rodger Sprouse • Titan Securities
- Swimming with the sharks by Linda Ferentchak
- Oil price decline has divergent impact on stock sectors
- Adapting business practices for the next generation of clients (Robert Kinnun, Madison Avenue Securities, Inc.)
We are a highly specialized quantitative investment management firm that employs an innovative systematic trading strategy across a diversified portfolio of liquid international futures markets.
Industry balance sheet is becoming more scarce and expensive.
Funds need to take a closer look at the entire liquidity provider space - existing, new and alternatives.
This 'perspective' addresses many of the issues that prime brokers, funds and the entire industry are currently facing.
Industry balance sheet is becoming more scarce and expensive.
Funds need to take a closer look at the entire liquidity provider space - existing, new and alternatives.
This perspective addresses many of the issues that prime brokers, funds and the entire industry are currently facing.
Capital Markets Strategies for Sustained Competitive Advantage, in the Jamaic...Edward Wilson
NCB Capital Markets Limited is one of the major players in the investment banking sector in Jamaica. The current economic climate threatens the viability of this industry and only the most efficient and strategic will survive as the region in general and the nation in particular rides out this economic storm. There are however, numerous opportunities that are presented within the pangs of the crisis. The leadership of NCB . ought to be aware of this and position for full advantage.
Ahead of the marcus evans Private Wealth Management Summit June 2023 and the Private Wealth Management Summit September 2023, read here an interview with Andrew Zeitman discussing today’s lending environment and how investors can finance real estate investments.
Ahead of the marcus evans Private Wealth Management Summit March 2023, and the Private Wealth Management Summit June 2023, read here an interview with Aliyah Mohamed discussing what investors need to know about investing in Canadian real estate.
Peter Borgdorff, the Chairman at the marcus evans European Pensions & Investments Summit 2022, discusses why pension funds need to focus on the interests of the scheme members.
Greg Carson of XBTO Humla Ventures, Venture Capital/Digital Asset fund manager at the marcus evans Private Wealth Management Summit 2022, and the Elite Summit 2022, discusses the financial markets transformation, and what investment opportunities investors must consider.
Ahead of the marcus evans Private Wealth Management Summit 2022, Hannah Kirby discusses real estate tokenization and what makes DAOs attractive to investors.
Ahead of the marcus evans Private Wealth Management Summit 2020, John Molina discusses sectors that can provide investors socially valuable assets without compromising their ROI
Presentation delivered by Robert Koepp, Director, The Economist Corporate Network, The Economist at the marcus evans Private Wealth Management Summit APAC Fall 2019 in Macao
Presentation delivered by Chris Leung, Chief China Economist, Executive Director, DBS Bank at the marcus evans Private Wealth Management Summit APAC fall 2019 in Macao.
Presentation delivered by Simon Littlewood, President, SDG Global Group & CEO, Li Family Office at the marcus evans Private Wealth Managements APAC Summit 2019 in Macao
Ahead of the marcus evans Elite Summit 2019, read here an interview with Christoph Kausch discussing the trends in the healthcare technology space and how investors can benefit from them
Ahead of the marcus evans Elite Summit 2017 and the Private Wealth Management Summit Fall 2017, Peter Craddock discusses what investors need to look for in selecting a venture fund, and the value of an LP co-investment option
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
5 Things You Need To Know Before Hiring a Videographer
How Private Wealth Managers Can Capitalize on any Market Environment-Gershie Vann, Magma Capital Partners
1. How Private Wealth Managers Can
Capitalize on any Market Environment
Interview with: Gershie Vann, CEO,
Magma Capital Partners
“Investing in assets that are liquid, that
can perform well in all market environ-
ments, and are not subjectively based
on the manager’s thought process, are
going to be extremely desirable for
investors,” says Gershie Vann, CEO,
Magma Capital Partners. “Investors
today need to utilize innovative and
creative investment strategies to deliver
the returns that fixed income used to
provide,” he adds.
Magma Capital Partners is a fund
manager at the marcus evans Private
Wealth Management Summit 2021.
What are some of the biggest
challenges investors are struggling
with today?
Ten to 15 years ago, investors could get
a decent yield by investing in risk-free
instruments, but that is no longer the
case. Investors seeking to build a
portfolio that can consistently deliver
returns, with distributions in the range
of 4-5 percent, are in a unique predica-
ment today, as fixed income does not
produce yield the way it used to. There
is a lot of talk about the demise of the
60/40 portfolio strategy; investors
cannot allocate 40 percent of their
portfolio to assets that yield 1-1.5
percent. With the Magma Total Return
Fund, we balanced our allocation to
equities and treasuries, with treasuries
mostly serving as instruments to absorb
volatility. We strive to optimize our
portfolio allocations, such that we are
able to capitalize on the inverse rela-
tionship between equities and treasur-
ies. From there, we lever up to produce
the yield investors are looking for. It is
possible to have an allocation that can
produce phenomenal returns over any
period of time without being solely
exposed to equities.
How does your fund deliver con-
sistent, elevated returns irrespec-
tive of volatility and market condi-
tions? How have you “reframed
risk”?
We invest in 6 assets. The risk-on
assets are the S&Ps, Dow and Nasdaq.
The risk-off assets are all the instru-
ments along the treasury yield curve, so
short-term, intermediate, and long-term
treasuries, through ETFs. We then
divide volatility into quartiles, and
optimize the allocation of those 6 assets
for each of those quartiles. We looked
back at volatility over the last 15 years,
and ran optimizations to determine what
the best allocation would have been for
those states of volatility. We essentially
created 4 portfolios optimized for
different market environments. The only
remaining question, how do you select
the optimal portfolio on a daily basis?
Our answer is to utilize machine
learning models based on historical data
and predictive features. The model
makes selections at the market open,
market close, and in any instance in
which the portfolio moves by 1 percent.
We found this methodology allows us to
capitalize on any market environment.
The beauty of financial markets is the
ability to make money when the market
is up or down. Risk does not need to be
a liability; it can be an asset. Our fund
is agnostic to how the market is per-
forming on any given day.
What makes your fund unique?
The machine learning component of our
fund takes complexity to another level.
It requires investing in the infrastruc-
ture of the company, the quality of our
employees, and the creation of a
dedicated research team. This is what
truly sets us apart.
Historically, managers with investment
philosophies have made decisions
around their fund, but often those
decisions are discretionary and based on
what the manager thinks will happen.
We have removed the discretionary
component. Every decision we make is
statistically significant, and is supported
by what history tells us is likely to
happen.
But who could have predicted a
global pandemic that would affect
certain industries more than oth-
ers? Did the pandemic contradict
your research or methodology?
The pandemic was actually extremely
predictable. Of course the pandemic was
unexpected, but the markets played out
similar to how they did in 2008 albeit
slightly more aggressively. As the
machine learning model runs predictions
for the various volatility environments,
it ranks which portfolio is optimal until
the next scenario. If the market then
moves 3 percent in one direction, it
synthesizes all information from price
moves.
Volatility tends to spike when things like
this happen, because market partici-
pants, often start taking positions to
protect their portfolio. Market fluctua-
tions are more predictable than one
might think.
What makes your youth and inexpe-
rience an asset?
We are at a unique crossroads in the
alternatives industry. Historically, there
has been more of a need to produce
outsized returns, but now there is a
need for investment strategies and
methodologies that are uncorrelated
with the broader market. Coming to the
table as an outsider, approaching
problems without any pre-conceived
biases, is so important in crafting a
methodology that is genuinely different
from what is available in the market.
Being entrenched in the system for 20
years can make it more difficult to think
outside the box. Our youth is definitely
an asset. Having a team without
embedded modes of thinking can really
add value to the financial services
industry.
Risk can be
an asset
2. The Investment Network –
marcus evans Summits group
delivers peer-to-peer information
on strategic matters, professional
trends and breakthrough
innovations.
Please note that the Summit is a
closed business event and the
number of participants strictly
limited.
About Magma Capital Partners
The Magma Total Return Fund, a quantitative hedge fund, is principled on the notion that humans should drive research and AI
should drive trading decisions. Magma leverages a systematic strategy, that utilizes machine learning to respond to volatility by
tactically allocating capital between asset classes. The Fund strives to produce above average returns over the long term,
regardless of economic environment, while limiting downside capture.
http://magmacapitalfunds.com
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, case studies, roundtables and one-on-one business meetings.
For more information, please visit: www.marcusevans.com
Upcoming Events
Elite Summit (Europe) - www.h2.elitesummit.com
European Pensions & Investments Summit - www.h2.epi-summit.com
Private Wealth Management APAC Summit - www.pwmsummit.com
To view the web version of this interview, please click here:
http://events.marcusevans-events.com/pwm2021-gershie-vann
Contact
Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
For more information please send an email to press@marcusevanscy.com
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About the Private Wealth Management Summit 2021
The Private Wealth Management Summit is the premium forum bringing leaders
from America’s leading single and multi-family offices and service providers
together. The Summit offers service providers and executives from single and multi-
family offices an intimate environment for a focused discussion of key new drivers
shaping the future of the industry.
www.f1.privatewealthsummit.com