Michael Fox-Rabinovitz is an investment management executive with over 25 years of global experience in portfolio construction, asset allocation, investment analysis, and risk management. He has worked for major financial institutions like Enron, PricewaterhouseCoopers, Citigroup, and MGN Group in various portfolio management and leadership roles. Through his diverse international career, he has developed skills in understanding different cultural approaches to business and considering global implications when making decisions.
Beat Simon from Agility Logistics; ‘Discover 3PL Future Strategy & Take Advan...eyefortransport
The document summarizes 5 mega trends facing the logistics industry: 1) economic moderation, 2) relentless innovation, 3) rise of emerging markets, 4) tighter competitive landscape, and 5) need for sales growth in emerging markets. It discusses the effects on 3PL companies, including redesigning transport networks and pricing to accommodate changes. 3PL companies will need to be truly global, flexible, lead strategic approaches, and treat existing and emerging markets equally. The industry will see tighter competition, a price and quality war, and customers reducing 3PL partners. Relentless innovation will be critical for 3PL companies.
The document provides an overview and analysis of European fund market flows in 2013 based on data from Lipper FundFile. Some key points:
- Total estimated net sales in European funds was €183.5 billion in 2013. Bond funds saw €96 billion in sales while equity funds saw €92 billion and mixed assets funds saw €85 billion.
- Risk appetite increased in 2013 compared to 2012, leading to stronger flows into equity funds across most major European countries except Germany.
- Mixed assets funds proved popular, especially in Italy, the UK and Germany, with cross-border funds accounting for €37 billion of mixed assets sales.
- BlackRock maintained the top spot for European fund sales at €32
The document summarizes the key findings of the Global Financial Centres Index 15 (GFCI 15). Some of the main points include:
- New York surpassed London as the top-ranked global financial center, though the difference between the two is small. Hong Kong and Singapore remained third and fourth.
- London experienced the largest drop among the top 50 centers due to issues like regulatory failures, uncertainty over EU membership, and an unwelcoming environment for foreign workers.
- Middle Eastern centers like Qatar, Dubai, and Abu Dhabi continued rising in the ranks.
- Most European centers declined as the region remains in turmoil. Offshore centers also struggled with reputation and regulation issues.
MCM will offer the lowest cost global index funds by managing labor costs. It will outsource all labor except sales to India, where costs are one-fourth of U.S. rates. MCM will track the MSCI All Country World Investable Market Index for stocks and the Barclays Global Aggregate Float Adjusted Bond Index for bonds, charging only 0.25% for each fund. This low cost structure takes advantage of trends showing investor capital increasingly flowing into low cost, global index funds due to their benefits of diversification and minimized fees. By keeping costs lower than competitors, MCM aims to maximize its assets under management.
DFJ Esprit is a venture capital firm that has grown to $1 billion in funds. They have invested in over 200 European technology companies, including CSR, Lovefilm, Skype, Tesla, and Hotmail. They are the European associate of top Silicon Valley VC firm Draper Fisher Jurvetson. DFJ Esprit has 13 partners based across Europe and DFJ manages over $6 billion globally. The presentation discusses trends in the European venture capital market and outlines DFJ Esprit's model of helping portfolio companies grow through strategic support. A case study of one company, referred to as "Dynamite", shows its fundraising and increasing valuation from 2005 to 2011 when an IPO was filed.
The document provides an overview of Calamos Discovery Growth Fund, including:
- Calamos is an investment firm with over $33 billion in assets under management and offers global investment solutions across equity, fixed income, convertibles, and alternatives.
- The Calamos Discovery Growth Fund seeks growth opportunities in small- and mid-cap companies and has lower debt-to-capital and higher return on invested capital than its benchmark.
- Calamos believes growth is undervalued relative to history and sees opportunities in information technology, consumer cyclicals, and materials from trends like increased global trade and emerging middle class consumption.
Pembroke North american-update-dec-2018-englishHarmony Kan
This document provides a summary of global market performance in 2018 and an outlook on Canadian markets. It notes that most global markets had negative returns for the year due to multiple compression. Canadian markets are attractively valued relative to US markets and Pembroke Canadian portfolios are selling at a discount to recent history. Despite disappointing returns, the fundamentals of Pembroke's Canadian holdings remain strong and continued growth is expected, supporting above-market long-term performance for Pembroke's strategies.
Credit suisse research - global-investment-returns-yearbook-2014Sergiy Kurbatov
This document summarizes a research report on long-term investment returns in emerging markets from 1900 to present. It constructs the first emerging markets index spanning this entire period to analyze historical performance from a global investor perspective. Key findings include:
- Emerging market equities experienced exceptional returns from 2000-2010 but have recently underperformed and faced setbacks.
- Volatility is shown to dampen as countries develop economically.
- International correlations and style returns within emerging markets are examined.
- Trading strategies for long-term investors in emerging markets are explored.
Beat Simon from Agility Logistics; ‘Discover 3PL Future Strategy & Take Advan...eyefortransport
The document summarizes 5 mega trends facing the logistics industry: 1) economic moderation, 2) relentless innovation, 3) rise of emerging markets, 4) tighter competitive landscape, and 5) need for sales growth in emerging markets. It discusses the effects on 3PL companies, including redesigning transport networks and pricing to accommodate changes. 3PL companies will need to be truly global, flexible, lead strategic approaches, and treat existing and emerging markets equally. The industry will see tighter competition, a price and quality war, and customers reducing 3PL partners. Relentless innovation will be critical for 3PL companies.
The document provides an overview and analysis of European fund market flows in 2013 based on data from Lipper FundFile. Some key points:
- Total estimated net sales in European funds was €183.5 billion in 2013. Bond funds saw €96 billion in sales while equity funds saw €92 billion and mixed assets funds saw €85 billion.
- Risk appetite increased in 2013 compared to 2012, leading to stronger flows into equity funds across most major European countries except Germany.
- Mixed assets funds proved popular, especially in Italy, the UK and Germany, with cross-border funds accounting for €37 billion of mixed assets sales.
- BlackRock maintained the top spot for European fund sales at €32
The document summarizes the key findings of the Global Financial Centres Index 15 (GFCI 15). Some of the main points include:
- New York surpassed London as the top-ranked global financial center, though the difference between the two is small. Hong Kong and Singapore remained third and fourth.
- London experienced the largest drop among the top 50 centers due to issues like regulatory failures, uncertainty over EU membership, and an unwelcoming environment for foreign workers.
- Middle Eastern centers like Qatar, Dubai, and Abu Dhabi continued rising in the ranks.
- Most European centers declined as the region remains in turmoil. Offshore centers also struggled with reputation and regulation issues.
MCM will offer the lowest cost global index funds by managing labor costs. It will outsource all labor except sales to India, where costs are one-fourth of U.S. rates. MCM will track the MSCI All Country World Investable Market Index for stocks and the Barclays Global Aggregate Float Adjusted Bond Index for bonds, charging only 0.25% for each fund. This low cost structure takes advantage of trends showing investor capital increasingly flowing into low cost, global index funds due to their benefits of diversification and minimized fees. By keeping costs lower than competitors, MCM aims to maximize its assets under management.
DFJ Esprit is a venture capital firm that has grown to $1 billion in funds. They have invested in over 200 European technology companies, including CSR, Lovefilm, Skype, Tesla, and Hotmail. They are the European associate of top Silicon Valley VC firm Draper Fisher Jurvetson. DFJ Esprit has 13 partners based across Europe and DFJ manages over $6 billion globally. The presentation discusses trends in the European venture capital market and outlines DFJ Esprit's model of helping portfolio companies grow through strategic support. A case study of one company, referred to as "Dynamite", shows its fundraising and increasing valuation from 2005 to 2011 when an IPO was filed.
The document provides an overview of Calamos Discovery Growth Fund, including:
- Calamos is an investment firm with over $33 billion in assets under management and offers global investment solutions across equity, fixed income, convertibles, and alternatives.
- The Calamos Discovery Growth Fund seeks growth opportunities in small- and mid-cap companies and has lower debt-to-capital and higher return on invested capital than its benchmark.
- Calamos believes growth is undervalued relative to history and sees opportunities in information technology, consumer cyclicals, and materials from trends like increased global trade and emerging middle class consumption.
Pembroke North american-update-dec-2018-englishHarmony Kan
This document provides a summary of global market performance in 2018 and an outlook on Canadian markets. It notes that most global markets had negative returns for the year due to multiple compression. Canadian markets are attractively valued relative to US markets and Pembroke Canadian portfolios are selling at a discount to recent history. Despite disappointing returns, the fundamentals of Pembroke's Canadian holdings remain strong and continued growth is expected, supporting above-market long-term performance for Pembroke's strategies.
Credit suisse research - global-investment-returns-yearbook-2014Sergiy Kurbatov
This document summarizes a research report on long-term investment returns in emerging markets from 1900 to present. It constructs the first emerging markets index spanning this entire period to analyze historical performance from a global investor perspective. Key findings include:
- Emerging market equities experienced exceptional returns from 2000-2010 but have recently underperformed and faced setbacks.
- Volatility is shown to dampen as countries develop economically.
- International correlations and style returns within emerging markets are examined.
- Trading strategies for long-term investors in emerging markets are explored.
Armando Nuricumbo is an international consultant who provides advisory services to CEOs and CFOs regarding accounting, finance, risk management, and business strategy. He has over 16 years of experience working for large multinational companies like PwC, WPP, Bombardier, and Syngenta. As an independent consultant since 2003, he offers flexible, cost-effective services tailored to the specific needs of each client and project. He has partnerships with various consulting firms that allow him to propose multidisciplinary solutions to complex problems for clients worldwide.
Economic conditions have shifted significantly since the last Wisdom Exchange. The program held in February 2009 aimed to give the presidents and CEOs of Ontario's most successful Small and Medium Enterprises the tools to both face these challenges and develop new opportunities.
Weathering a Recession Driven Economy - Project Portfolio Management and Busi...Saji Madapat
The document provides information about the Memphis chapter of the Project Management Institute (PMI). It discusses using project portfolio management techniques to weather economic downturns. Specifically, it recommends taking advantage of opportunities during recessions to invest in business systems and expose inefficiencies, rather than using short-term cost cutting measures. The chapter will host a PMP exam preparation course in February and the next meeting will feature a presentation on following PMBOK processes.
1. Political, market, and investor horizons remain out of sync as debt crisis tackling will be long and volatility continues.
2. Clients will take both cautious and opportunistic approaches to risk, blending flight and fight strategies.
3. Asset managers must develop capabilities to benefit clients from volatility through dynamic strategies, manager selection, and communication.
Ivo Pezzuto's Keynote Speech at the ICTF Krakow Symposium 2017Dr. Ivo Pezzuto
Keynote Speaker: Dr. Ivo Pezzuto is an internationally recognized global market and scenario analyst and writer. He is the author of 'Predictable and Avoidable. Repairing Economic Dislocation and Preventing the Recurrence of Crisis', a new book classified as 'an insightful, unbiased and fulsome analysis' by The Economist; a 'powerful, amazing, and groundbreaking analysis' by IESE Business School, and 'research essential' by Baker & Taylor YBP Library Services. Currently he is Professor of Global Economics and Strategic Management for the Master and Doctoral Programs at the International School of Management (ISM) of Paris; Adjunct Professor of Business Economics and Management and International Business at the Catholic University of Milan; Visiting Professor at IAE Nice Sophia-Antipolis; Professor of Business Administration at the Swiss Management Centre University of Zug and a Speaker and Lecturer of Executive Development Programs and Advisor to Multinational Companies. He is also an Economics Commentator, Columnist and a Regular Contributor to news agencies and international TV broadcasting networks, such as CNBC, Bloomberg/Business Week and The Wall Street Journal.
This is the presentation on brand strategy in turbulent socio-economic conditions that I gave at the 2011 Branding Conference in South Africa. A key part of the presentation was the use of scenario planning. I also spoke about Sagacite's work on rapid adaptive strategies. I have added a couple of notes to several of the more obscure slides to help viewers understand what I talking about.
Taimoor Ali Khan is seeking a career opportunity that promotes creativity, varied thinking, and growth. He has over 5 years of experience in real estate development sales and business development. His responsibilities included initiating client relationships, achieving sales targets, analyzing property prices, and advising investors. He holds a B.Sc. in Actuarial Sciences and Risk Management from the Institute of Business Management in Karachi. His skills include developing varied sales strategies, analytical skills, and he is proficient in MS Office and Siebel.
1. The passage discusses how the financial services industry has evolved since the 1970s with the proliferation of investment consultants, registered investment advisors (RIAs), and various performance screening tools. However, past performance is still not the primary criteria used to evaluate managers.
2. Investment consultants grew in popularity as plan sponsors sought to shift liability for investment decisions to outside entities. This led to huge profits for large consulting firms but their influence is waning with some large endowments.
3. The passage provides background on how the modern investment industry developed with the goal of helping readers make more informed financial decisions.
1. The document discusses how groupthink among investors and consultants has led to mediocre returns. Consultants prefer large, well-known managers due to career risk, even though studies show emerging managers often outperform on a risk-adjusted basis.
2. Emerging managers tend to perform better because they have more flexibility with smaller assets under management. Their strategies are less diluted and they can act more nimbly. However, consultants are reluctant to invest with them due to concerns about infrastructure and track record length.
3. Studies show the smallest hedge funds, making up just 1% of assets, outperformed larger funds by 6.7% annually over 5 years ending in 2010. Emerging funds were also less
The document announces an upcoming conference on "Innovation & Change 2020" to be held on March 25-26, 2010 in Shanghai. The conference will cover key topics related to innovation and change leadership for the coming decade, including forecasts for the global and local economies, business and technology trends, and how to encourage innovation and effectively manage change within an organization. It will feature presentations and case studies from a world-leading business futurist and include opportunities for discussion and networking with peers.
The document announces an upcoming conference on "Innovation & Change 2020" to be held on March 25-26, 2010 in Shanghai. The conference will cover key topics related to innovation and change leadership for the coming decade, including forecasts for the global and local economies, latest business and technology trends, and how to encourage innovation and effectively manage change. Frank Feather will be the keynote speaker and will share his expertise on futuristic leadership, innovation strategies, and becoming an effective manager of change. The agenda outlines presentations and case studies that will be discussed over the two-day event.
Pointe Capital Advisors provides investment banking and corporate finance advisory services. They have completed 5 transactions totaling $29.8 million with an accumulated value over $225 million. Their current clients include a NASCAR team seeking capital for expansion, an energy candy company pursuing strategic initiatives, and an innovative data company launching its business plan. Pointe Capital specializes in reverse mergers, which can provide private companies advantages of being public at a lower cost and faster process than an IPO. Their services include identifying suitable public shell companies and guiding clients through the regulatory process.
Modern portfolio theory incorporates realistic factors useful for tailor-made solutions but could be improved by understanding client preferences earlier. Regional asset managers may offer innovative solutions from less covered areas. Improving the manager selection process requires understanding that top performers do not outperform benchmarks consistently as they take calculated risks before others. Investment consultants should rethink business models to reduce reliance on asset managers and better serve client needs.
Richard Tullo has over 20 years of experience in financial analysis, investment research, and institutional trading. He has held positions as a research analyst covering technology companies, co-founding an independent research firm, and working as a vice president for institutional trading firms. He holds an MBA and securities licenses, and seeks to apply his skills and experience in institutional investing.
This document discusses high-growth companies and business support for them. It argues that public sector thinking has overly focused on "gazelles," or fast-growing startups, ignoring that growth is not always linear and varies by industry and business lifecycle stage. It also notes that some businesses may plateau at a certain size due to infrastructure limits. The document aims to critically re-examine models of high-growth businesses and identify sectors on Merseyside that could benefit most from accelerated support like that planned for Project EV, a business incubator. It argues Merseyside's economy relies on manufacturing and visitors and examines why some businesses face growth blockages.
The document discusses 7 trends that are shaping the future of financial advice in Australia: 1) An aging population is driving growth as more retirees will need advice. 2) Bulging superannuation accounts and uncertainty around inheritances means advice will help manage retirement finances. 3) Younger generations who have had super their whole lives are more sophisticated investors demanding different advice models. 4) Regulators are improving professional standards and consumer protection, raising the bar for advice. 5) Technology is enabling new ways of providing advice to meet evolving client needs. 6) Retirement products are shifting focus to address changing demographic and income patterns. 7) Attracting new talent is a challenge as the industry itself ages, threatening future growth without fresh advisers
Activities involved in succession process in ukJohn Johari
The seminar focused on encouraging successful business transfers. Over 80 representatives from government and the private sector attended to discuss challenges to improving business succession rates. Key points from presentations included:
- Only 5-15% of family firms reach the third generation, with more transfers occurring outside the family.
- 30% of UK SME owners are vulnerable to age-related succession failure, and this proportion is rising. Up to 100,000 closures per year could be avoided with better succession planning.
- Barriers to successful transfer include a lack of exit planning, difficulties valuing intangible assets, and underuse of options like employee ownership.
Breakout groups discussed issues such as the role of
Armando Nuricumbo is an international consultant who provides advisory services to CEOs and CFOs regarding accounting, finance, risk management, and business strategy. He has over 16 years of experience working for large multinational companies like PwC, WPP, Bombardier, and Syngenta. As an independent consultant since 2003, he offers flexible, cost-effective services tailored to the specific needs of each client and project. He has partnerships with various consulting firms that allow him to propose multidisciplinary solutions to complex problems for clients worldwide.
Economic conditions have shifted significantly since the last Wisdom Exchange. The program held in February 2009 aimed to give the presidents and CEOs of Ontario's most successful Small and Medium Enterprises the tools to both face these challenges and develop new opportunities.
Weathering a Recession Driven Economy - Project Portfolio Management and Busi...Saji Madapat
The document provides information about the Memphis chapter of the Project Management Institute (PMI). It discusses using project portfolio management techniques to weather economic downturns. Specifically, it recommends taking advantage of opportunities during recessions to invest in business systems and expose inefficiencies, rather than using short-term cost cutting measures. The chapter will host a PMP exam preparation course in February and the next meeting will feature a presentation on following PMBOK processes.
1. Political, market, and investor horizons remain out of sync as debt crisis tackling will be long and volatility continues.
2. Clients will take both cautious and opportunistic approaches to risk, blending flight and fight strategies.
3. Asset managers must develop capabilities to benefit clients from volatility through dynamic strategies, manager selection, and communication.
Ivo Pezzuto's Keynote Speech at the ICTF Krakow Symposium 2017Dr. Ivo Pezzuto
Keynote Speaker: Dr. Ivo Pezzuto is an internationally recognized global market and scenario analyst and writer. He is the author of 'Predictable and Avoidable. Repairing Economic Dislocation and Preventing the Recurrence of Crisis', a new book classified as 'an insightful, unbiased and fulsome analysis' by The Economist; a 'powerful, amazing, and groundbreaking analysis' by IESE Business School, and 'research essential' by Baker & Taylor YBP Library Services. Currently he is Professor of Global Economics and Strategic Management for the Master and Doctoral Programs at the International School of Management (ISM) of Paris; Adjunct Professor of Business Economics and Management and International Business at the Catholic University of Milan; Visiting Professor at IAE Nice Sophia-Antipolis; Professor of Business Administration at the Swiss Management Centre University of Zug and a Speaker and Lecturer of Executive Development Programs and Advisor to Multinational Companies. He is also an Economics Commentator, Columnist and a Regular Contributor to news agencies and international TV broadcasting networks, such as CNBC, Bloomberg/Business Week and The Wall Street Journal.
This is the presentation on brand strategy in turbulent socio-economic conditions that I gave at the 2011 Branding Conference in South Africa. A key part of the presentation was the use of scenario planning. I also spoke about Sagacite's work on rapid adaptive strategies. I have added a couple of notes to several of the more obscure slides to help viewers understand what I talking about.
Taimoor Ali Khan is seeking a career opportunity that promotes creativity, varied thinking, and growth. He has over 5 years of experience in real estate development sales and business development. His responsibilities included initiating client relationships, achieving sales targets, analyzing property prices, and advising investors. He holds a B.Sc. in Actuarial Sciences and Risk Management from the Institute of Business Management in Karachi. His skills include developing varied sales strategies, analytical skills, and he is proficient in MS Office and Siebel.
1. The passage discusses how the financial services industry has evolved since the 1970s with the proliferation of investment consultants, registered investment advisors (RIAs), and various performance screening tools. However, past performance is still not the primary criteria used to evaluate managers.
2. Investment consultants grew in popularity as plan sponsors sought to shift liability for investment decisions to outside entities. This led to huge profits for large consulting firms but their influence is waning with some large endowments.
3. The passage provides background on how the modern investment industry developed with the goal of helping readers make more informed financial decisions.
1. The document discusses how groupthink among investors and consultants has led to mediocre returns. Consultants prefer large, well-known managers due to career risk, even though studies show emerging managers often outperform on a risk-adjusted basis.
2. Emerging managers tend to perform better because they have more flexibility with smaller assets under management. Their strategies are less diluted and they can act more nimbly. However, consultants are reluctant to invest with them due to concerns about infrastructure and track record length.
3. Studies show the smallest hedge funds, making up just 1% of assets, outperformed larger funds by 6.7% annually over 5 years ending in 2010. Emerging funds were also less
The document announces an upcoming conference on "Innovation & Change 2020" to be held on March 25-26, 2010 in Shanghai. The conference will cover key topics related to innovation and change leadership for the coming decade, including forecasts for the global and local economies, business and technology trends, and how to encourage innovation and effectively manage change within an organization. It will feature presentations and case studies from a world-leading business futurist and include opportunities for discussion and networking with peers.
The document announces an upcoming conference on "Innovation & Change 2020" to be held on March 25-26, 2010 in Shanghai. The conference will cover key topics related to innovation and change leadership for the coming decade, including forecasts for the global and local economies, latest business and technology trends, and how to encourage innovation and effectively manage change. Frank Feather will be the keynote speaker and will share his expertise on futuristic leadership, innovation strategies, and becoming an effective manager of change. The agenda outlines presentations and case studies that will be discussed over the two-day event.
Pointe Capital Advisors provides investment banking and corporate finance advisory services. They have completed 5 transactions totaling $29.8 million with an accumulated value over $225 million. Their current clients include a NASCAR team seeking capital for expansion, an energy candy company pursuing strategic initiatives, and an innovative data company launching its business plan. Pointe Capital specializes in reverse mergers, which can provide private companies advantages of being public at a lower cost and faster process than an IPO. Their services include identifying suitable public shell companies and guiding clients through the regulatory process.
Modern portfolio theory incorporates realistic factors useful for tailor-made solutions but could be improved by understanding client preferences earlier. Regional asset managers may offer innovative solutions from less covered areas. Improving the manager selection process requires understanding that top performers do not outperform benchmarks consistently as they take calculated risks before others. Investment consultants should rethink business models to reduce reliance on asset managers and better serve client needs.
Richard Tullo has over 20 years of experience in financial analysis, investment research, and institutional trading. He has held positions as a research analyst covering technology companies, co-founding an independent research firm, and working as a vice president for institutional trading firms. He holds an MBA and securities licenses, and seeks to apply his skills and experience in institutional investing.
This document discusses high-growth companies and business support for them. It argues that public sector thinking has overly focused on "gazelles," or fast-growing startups, ignoring that growth is not always linear and varies by industry and business lifecycle stage. It also notes that some businesses may plateau at a certain size due to infrastructure limits. The document aims to critically re-examine models of high-growth businesses and identify sectors on Merseyside that could benefit most from accelerated support like that planned for Project EV, a business incubator. It argues Merseyside's economy relies on manufacturing and visitors and examines why some businesses face growth blockages.
The document discusses 7 trends that are shaping the future of financial advice in Australia: 1) An aging population is driving growth as more retirees will need advice. 2) Bulging superannuation accounts and uncertainty around inheritances means advice will help manage retirement finances. 3) Younger generations who have had super their whole lives are more sophisticated investors demanding different advice models. 4) Regulators are improving professional standards and consumer protection, raising the bar for advice. 5) Technology is enabling new ways of providing advice to meet evolving client needs. 6) Retirement products are shifting focus to address changing demographic and income patterns. 7) Attracting new talent is a challenge as the industry itself ages, threatening future growth without fresh advisers
Activities involved in succession process in ukJohn Johari
The seminar focused on encouraging successful business transfers. Over 80 representatives from government and the private sector attended to discuss challenges to improving business succession rates. Key points from presentations included:
- Only 5-15% of family firms reach the third generation, with more transfers occurring outside the family.
- 30% of UK SME owners are vulnerable to age-related succession failure, and this proportion is rising. Up to 100,000 closures per year could be avoided with better succession planning.
- Barriers to successful transfer include a lack of exit planning, difficulties valuing intangible assets, and underuse of options like employee ownership.
Breakout groups discussed issues such as the role of
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Michael Fox-Rabinovitz, CFA, CAIA, FRM
™
CAREER AT A GLANCE
1996 1999 2002 2005 2008 2011
Enron PricewaterhouseCoopers Risk Capital Mgmt CITIGROUP Private Bank MGN Group UFS Group
1996 – 1999 1999 – 2000 2000 – 2002, 2004 – 2006 2006 – 2008 2008 – 2010 2010 – Present
Trader, Structured Consultant, Financial Risk Head of Emerging VP – Portfolio Mgmt and Chief Investment Managing Director
Products and Energy Management Group Markets Practice/ Investment Analytics for Officer/Portfolio North America and
Derivatives Trading Senior Analyst Global Markets Strategist Emerging Markets
Columbia, MBA, 2002 – 2004
Innovative Investment Management Executive with global experience in portfolio construction, asset allocation, investment
analysis and risk management. Proven ability to lead global teams, build new business lines and coordinate complex projects
in fast-paced, rapidly changing work environments. Bilingual in English and Russian, some Spanish and French, basic German
and Hebrew.
Portfolio Strategist/CIO/CRO
Speaking Personally...
Q
Portfolio Asset Investment Risk
How has your international experience shaped the way Construction Management Analysis Management
you conduct business today?
A. I have been very fortunate to have a career that has allowed me to
work in all corners of the globe, from Argentina to Russia, from Canada to
Central Asia and from Brazil to Mongolia. Exposure to different attitudes Investment Strategy
and frameworks of doing business has engrained in me the skill never and Policy Development
to make assumptions regarding what is important to a business and
the path it will and should take to get to the final goal. Appreciating
and understanding how cultural, societal and psychological nuances
directly translate into business methods and practices has made me a Emerging Energy Alternative Structured
Markets Commodities Investments Products
much more effective global investment professional.
Q
A.
Why is thinking of global implications when making
decisions so important in today’s marketplace?
World economies have become tremendously intertwined, and DYNAMIC RESULTS IN
nowhere is this more evident than in the financial markets. With instant EVERY ROLE
access to information and trading around-the-clock, there is no longer
such a luxury as thinking and acting locally; events and information
impact global and local markets almost instantaneously. The “butterfly Grewby broadening existing$500MM
in 1½ years
AUM from $200MM to
effect” theory has become a reality, and I have made it a rule to never
mandates, bringing in new ones, and
make a final investment decision without clearly understanding the
expanding geography of firm’s client base.
range of possible factors likely to impact it no matter how obscure or
geographically distant they may seem.
Oversaw and coordinated
Q
analytical and research activity across three
What has been the greatest lesson your career has global offices with 25 employees.
taught you?
A. Having witnessed financial giants like Enron and Bear Stearns crumble, Increased Citibank AUM by
and Citibank teeter on the verge of bankruptcy, experiencing countries like $500MM by utilizing IRF (Integrated Risk
Argentina and various CIS states going through defaults and revolutions, Framework) to enable clients to consider
and watching global markets in a death spiral chisels an indelible lesson their liquid and illiquid holdings together in
on the brain- the only thing that is constant is change. As an investment one portfolio.
Led
and risk professional there is nothing more dangerous than complacency, team of 15 in development
and having personally lived through and experienced rapid, sudden, and implementation of
unexpected and dramatic changes serves as an excellent antidote for enterprise-wide market and credit-risk-
that. It is important to not be afraid to make a decision and take a risk, management system for Perez Companc,
but it is twice as important not to dismiss any risks, no matter how remote or S.A., a multibillion-dollar Argentine energy
impossible they may seem, the price of that is not simply failure it is possible conglomerate generating annual profits of
destruction of your business. $350MM.
20 W. 87th Street, Apt. 3B • New York, NY 10024 • (917) 544-7521 • mfoxrabinovitz@gmail.com
www.linkedin.com/in/michaelfoxrabinovitz