Validea

JANUARY 27, 2023

That’s the biggest yearly profit scored by a hedge fund manager ever, beating John Paulson’s 2007 $15 billion record. The top 20 managers of 2022 made gains of $22.4 billion net of fees, according to a report published by LCH Investments that is cited in the article, which also estimates that managers garnered a 3.4%

Risk Management 59

Risk Management Management Investing Investments 59

Nationwide Financial

JUNE 5, 2023

Though inflation remains the most significant perceived risk for business owners, more than two-thirds expect a recession before the end of 2023. And of those expecting a recession, the majority believe it will be as bad or worse than the Great Recession of 2007-2009. It’s important to remember that most recessions in the U.S.

Economics 52

Economics Risk Management Clients Financial Services 52

The Big Picture

MAY 9, 2023

But what was interesting about that was the quick need to both separate the portfolio between the old stuff and the new stuff, because there were a lot of new investment opportunities. So you’re Chief Investment officer of Asset and Wealth Management. We just get to focus on assets and asset risk management.

Assets 286

Assets Clients Investing Investments 286

The Big Picture

JANUARY 9, 2024

But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. It was derivatives math, it was like working with the traders on like risk management. And I love that. I thought that was really fun. So I was very interested in that stuff.

Retail 130

Retail Banking Math Management 130

The Big Picture

OCTOBER 17, 2023

And the third, the one that nobody talks about is risk management. Risk management. And so that’s not just, we talk about risk management in terms of buying at a big discount to intrinsic value and then that gives you that capital sort of buffer. You joined in 2007, what led you there?

Investing 130

Investing Investments Clients Management 130

The Big Picture

SEPTEMBER 12, 2022

At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions. And so, ultimately, given the different types of clients segments that I’d covered, I made the decision that I really wanted to be in wealth management. And so, 2007, I came over to Citi. BITTERLY MICHELL: Always risk. RITHOLTZ: Right.

Clients 286

Clients Wealth Management Investing Investments 286

The Big Picture

AUGUST 15, 2023

That’s a really easy portfolio to create. It allows you to understand, generally speaking, what is a reasonable beta for that whole portfolio. The other thing it allows you to do is to benchmark your ability to select managers that outperform both in each areas and across the sleeve. This is the summer of 2007.

Management 130

Management Investing Investments Government 130