The Big Picture

DECEMBER 6, 2022

But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. And we’re having very good conversations with clients that I think, at current valuation levels, they remain, you know, very interested in the market and they see some opportunities.

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The Big Picture

OCTOBER 31, 2023

And so to your point, I was a public portfolio manager, started as a tech analyst and made my way to associate portfolio manager and then began managing public portfolios in 1996. Where, 00:06:25 [Speaker Changed] Where were you managing those for in 96? The more private side of the street?

Management 162

Management Investing Investments Portfolio 162

Bell Investment Advisors

MAY 24, 2024

On Friday, May 24 th at 12pm Pacific time, Investment Advisor & Financial Planner Laurent Harrison, CFP® joined Bell Portfolio Manager Ryan Kelley, CFA® for an engaging discussion of the following topics: Stock & Bond Market Commentary Global Economic Update Inflation Concerns & the Federal Reserve Are Stocks Expensive?

Marketing 52

Marketing Marketing Economy Financial Planner 52

ClearMoney

NOVEMBER 4, 2021

As with many things in life, the truth is somewhere between the extremes: While both simulated and real-world data suggest momentum may not be suitable as a driver of long-term asset allocations, we believe momentum considerations can be integrated in a cost-effective way to help inform daily portfolio management decisions.

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Asset Allocation Commission Portfolio Assets 52

The Big Picture

FEBRUARY 28, 2023

And then the related question is, how dependent are private markets on public market valuations? LAYTON: — some of the differences in valuation that have been out there. You do see some big valuations there. LAYTON: I think they’re very closely linked in many regards. There are some differences.

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Investing Investments Clients Assets 147

Brown Advisory

FEBRUARY 14, 2023

Our initial assessment of Brazil in 2021 illuminated gaps in relying solely on quantitative data, noting that it painted a much rosier picture in terms of environmental factors than was the reality under the Bolsonaro administration. Our approach is consistent and systematic across our platform.

Government 52

Government Investing Investments Economics 52

Brown Advisory

FEBRUARY 14, 2023

Our initial assessment of Brazil in 2021 illuminated gaps in relying solely on quantitative data, noting that it painted a much rosier picture of the Environmental pillar than was the reality under the Bolsonaro administration. Our approach is consistent and systematic across our platform. nd.edu/our-work/coun-try-index/) and Brown Advisory.

Government 52

Government Investing Investments Economics 52

Brown Advisory

FEBRUARY 14, 2023

Our initial assessment of Brazil in 2021 illuminated gaps in relying solely on quantitative data, noting that it painted a much rosier picture of the Environmental pillar than was the reality under the Bolsonaro administration. Our approach is consistent and systematic across our platform. nd.edu/our-work/coun-try-index/) and Brown Advisory.

Government 52

Government Investing Investments Economics 52

Brown Advisory

OCTOBER 11, 2021

ajackson Mon, 10/11/2021 - 11:55 Endowment and Foundation (E&F) Investment Committees often consider the value of alternatives for their nonprofit. Typically, there is an interest in the additional diversification alternatives may offer and the potential to increase return and manage risk. Estimated returns as of June 30, 2021.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

OCTOBER 11, 2021

Mon, 10/11/2021 - 11:55. Typically, there is an interest in the additional diversification alternatives may offer and the potential to increase return and manage risk. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. © 2021 HFR, Inc. -

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Assets Portfolio Risk Tolerance Asset Allocation 52

The Big Picture

OCTOBER 24, 2022

She has a fascinating career, starting a PLS working away up as an analyst and eventually, head of outcome-based strategies for Morningstar, eventually rising from that position and portfolio manager to Chief Investment Officer. And how do we think about them from a valuation perspective? NORTON: Yeah. NORTON: Yeah.

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Portfolio Management Assets Investing 130

The Big Picture

AUGUST 20, 2024

And so in the 1990s, I developed the, the late 1980s, early 1990s, I developed a skillset around valuation, in particular discounted cash flow or residual income type models, along with a couple of peers out of the consulting industry. I’m gonna hold it in my portfolio. It pushes valuations higher over time.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

AUGUST 29, 2023

But it was a tremendous experience because I had started off in bond trading, worked my way into portfolio management and running the bond indexing team for a number of years, and then I got asked to take this responsibility, which was much broader. DAVIS: Where international equities, because of valuations, probably 7% to 7.5%.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

JULY 24, 2023

MIAN: So Stray Reflections is a macro advisory and community that works with portfolio managers, CIOs around the world. The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. MIAN: Valuations are ebb and flow. So 2021 was the peak of that zeitgeist.

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Marketing Marketing Economy Valuation 130

The Big Picture

MAY 9, 2023

One, when people have asked me to compare and contrast today versus 2007, 2008, what you hear from a lot of people is, yes, there’s some fairly heady valuations. SALISBURY: I competed at a pretty high level up until the age of 19, up until the age of like around 20 actually, 2021. We’ve seen a couple of these events now.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

SEPTEMBER 26, 2023

And with quantitative easing, there was a continued expansion of this easy money policy in the 2021 timeframe, specifically in the form of reserves being parked at the BA in the bank balance sheets. So C L O formation was at an all time high in 2021 after the CVID 19 pandemic actually had already occurred.

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Banking Investing Investments Clients 130

The Big Picture

OCTOBER 17, 2023

Then the volatility and, and the valuation makes an enormous difference. ’cause they, it’s a learning mechanism as a recommendation mechanism for portfolio managers and thinking about how to allocate capital. So in 2021 was the equivalent of March, 2000, right? Or they just did well, right?

Investing 130

Investing Investments Clients Numbers 130

The Big Picture

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 298

Valuation Education Numbers Government 298

The Big Picture

MAY 6, 2025

And it gives us a batting average so we can understand is a portfolio manager winning more ideas than they lose. So let me give you an opportunity to update your 2021 piece in investing. 00:16:12 [Speaker Changed] So let’s talk a little bit about Hudson Bay’s strategy. It’s a, it’s a tough question.

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Risk Management Banking Portfolio Distribution 147

The Big Picture

MAY 21, 2024

And one of the worst performing factors has been valuation. So we’re now in an environment where all the 45-year-old portfolio managers out there have been, have worked their entire careers in these momentum fueled markets, and they’ve been trained to believe that valuation doesn’t matter.

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Numbers Management Banking Marketing 147

The Big Picture

JANUARY 27, 2025

He worked as a, essentially a high yield portfolio manager before going to the president and then CEO of the company. So he has seen the world of private investing from both sides, both as, as an investor and as part of the management team. He worked as a trader. I’d love to say that it was, it was real easy to do.

Assets 147

Assets Insurance Investing Investments 147

The Big Picture

MARCH 21, 2023

I was a fixed income portfolio manager and trader, which is a ton of fun. PIMCO out on the West Coast, read the first thing I wrote in the Journal of Portfolio Management. But plenty of valuation measures, it has no applicability for price-to-sales. Program didn’t feel right. I then got just very lucky.

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Valuation Investing Investments Numbers 173

The Big Picture

MARCH 14, 2023

Everybody wants to sell a company when they get a good valuation. But I think, you know, for us, 2021, in general, towards the end of the year got very hard, right? Obviously, profits, very important to company valuation — BERNSTEIN: Absolutely. The other thing we do, Barry, is we group valuation as a sentiment indicator.

Economy 162

Economy Investing Investments Portfolio 162

The Big Picture

DECEMBER 17, 2024

Barry Ritholtz : This week on the podcast, another extra special guest, Tony Kim, is managing director at BlackRock, where he heads the fundamental equity technology group helping to oversee all of the active technology investments BlackRock makes. I must have worked for 30, 40 portfolio managers across four, four or five investment firms.

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Engineering Numbers Investing Investments 130