Abnormal Returns

OCTOBER 11, 2024

(awealthofcommonsense.com) Corey Hoffstein talks with Farouk Jivraj, Portfolio Manager and Head of Alternative Risk Premia at Fidelity Investments’ Asset Management Solutions division. podcasts.apple.com) Barry Ritholtz talks with Vincent Aita, Founder and CIO of Cutter Capital Management.

Math 276

Math Portfolio Management Management Portfolio 276

The Big Picture

MAY 31, 2024

Sherman oversees and administers DoubleLine’s investment management subcommittee; serves as lead portfolio manager for multisector and derivative-based strategies; and is a member of the firm’s executive management and fixed-income asset allocation committees.

Asset Allocation 184

Asset Allocation Math Portfolio Management Engineering 184

The Big Picture

NOVEMBER 14, 2023

She has a really fascinating background, very eclectic, a combination of math and law. You, you get a, a BS in Mathematics and a JD from Boston University Math and Law. It is something, math has always come easy to me since a child. I didn’t get an advanced degree in math. Not the usual combination. What happened?

Math 130

Math Management Insurance Assets 130

The Big Picture

MARCH 20, 2024

Portfolio management was a lot less evidence-based than it is today. As it turns out, there are ways you can use data to your advantage, even if you’re not a math wizard. For most of the last century, investing was a lot more art than science. People did whatever was working based more on gut feelings than data.

Investing 157

Investing Investments Portfolio Valuation 157

The Big Picture

SEPTEMBER 3, 2024

All of their portfolio managers not only are substantial investors in each of their funds, but they do a disclosure year that shows each manager by name and how much money they have invested in their own fund. You, 00:18:29 [Speaker Changed] You, you mentioned ownership mentality.

Investments 144

Investments Investing Valuation Management 144

The Big Picture

FEBRUARY 6, 2024

I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. Now I do fundamental side research portfolio management, which I just, 00:08:20 [Speaker Changed] So, so you joined GMO, there’s 60 people, 30 years.

Valuation 130

Valuation Assets Investments Investing 130

Trade Brains

DECEMBER 7, 2023

The topics covered are personal finance math, retirement problems, introduction to mutual funds, the concept of fund & NAV, equity schemes, debt funds, investing in bonds, index funds, rolling returns, Exchange-traded funds(ETF) and basics of macroeconomics.

Budgeting 59

Budgeting Certification Education Asset Allocation 59

The Big Picture

JANUARY 16, 2024

I was always good at math, but I really, I just didn’t relate to things that were more esoteric bonds options. I worked in sort of a quasi portfolio management role for like a single client account type business. And I, I think that I kind of triangulated on it. I have no family history. I had two stops before then.

Assets 261

Assets Investments Investing Management 261

The Big Picture

DECEMBER 6, 2022

And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. I remember telling myself, why would anyone invest in mutual funds when you can buy an ETF instead? BERRUGA: Yeah.

Clients 157

Clients Investments Investing Management 157

The Big Picture

JULY 19, 2022

So, first, I found the book to be quite fascinating, very in depth and you managed to take some of the more technical arcana and make it very understandable. You began as a central bank portfolio manager in Finland. So, that relationship actually already started when I was a portfolio manager, right? ILMANEN: Yes.

Investments 130

Investments Valuation Investing Portfolio 130

Random Roger's Retirement Planning

JUNE 27, 2022

This year, VBINX is down 18% while NTSX is down almost 24%, the math appears to check out. For me, this is all a theoretical exercise but there's a wide contingent of very smart portfolio managers who seem to be all in on this. Does it do what it's supposed to? According to this white paper from ReSolve and Newfound, it does.

Portfolio 40

Portfolio Math Management Investments 40

Brown Advisory

JANUARY 17, 2024

Even with 75% accuracy we only move from an investable universe where 30% of constituents outperform to now selecting the portfolio from a pool with a 56% win rate. We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. This is why industry hit rates are so low.

Investing 52

Investing Investments Portfolio Accounting 52

Random Roger's Retirement Planning

OCTOBER 29, 2023

Here I am talking not just portfolio management but overall lifestyle, habits and choices and yes this does filter into my day job managing investment portfolios. Yeah, that sounds pretty good (giving them the benefit of the doubt about the math)… pretty good for an equity. Not great for an equity but pretty good.

Insurance 96

Insurance Clients Math Portfolio 96

The Big Picture

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. I didn’t know what any of these terms meant. So that’s the kind of more investment side of things.

Assets 293

Assets Clients Investments Investing 293

Random Roger's Retirement Planning

AUGUST 17, 2023

In my opinion the diversification benefit hits diminishing returns pretty close to 40 individual holdings based on math if nothing else. If a portfolio starts with 40 holdings each with an equal 2.5% Own however many you want of course but the nuisance factor probably starts not much past 30 on the way up.

Numbers 75

Numbers Portfolio Math Portfolio Management 75

The Big Picture

MARCH 27, 2023

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less.

Assets 280

Assets Investments Investing Management 280

The Big Picture

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. So I, as a discretionary portfolio manager, if you hand me cash, I can look at the market and say, you know what?

Assets 167

Assets Management Portfolio Taxes 167

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. And my maternal grandmother was also home, and she spoke primarily German to me.

Portfolio 130

Portfolio Investments Investing Numbers 130

The Big Picture

OCTOBER 17, 2023

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. Those have compounded over the centuries and have managed to amass a huge amount of, of capital. He is portfolio manager at Orbis Holdings.

Investing 130

Investing Investments Clients Numbers 130

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. So, so you set to retire as portfolio manager this year, you mentioned your two successors. And so I had to walk to the hotel and Dave Jenkins or Fidelity Analyst and now portfolio manager had to walk home, which took a few hours. 00:55:47 [Speaker Changed] Huh, really interesting.

Management 261

Management Investments Investing Retail 261

The Big Picture

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. 00:01:29 [Barry Ritholtz] I I, I try not to butcher people’s names, but let’s talk a little bit about your, your background.

Numbers 144

Numbers Banking Management Marketing 144

Aleph

JANUARY 14, 2023

Picture Credit: David Merkel, with an assist from the YouImagine AI image generator || Boldly flying in front of a stained glass window Portfolio Management Sick of the ups and downs of the markets? Jan 08, 2023 Also, the article is wrong when it states that current math pedagogy favors boys over girls.

Math 59

Math Assets Banking Government 59

The Big Picture

JULY 15, 2024

Matt Eagan has spent his entire career in fixed income from credit analyst to portfolio manager. Now he’s the head of the discretion team at Loomis Sales, which manages well over $335 billion in client assets. I started out math and, and physics, and in high school I was a rock star in math and physics.

Portfolio 144

Portfolio Banking Management Portfolio Management 144

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. My mom was a math teacher so — RITHOLTZ: Okay. He’s the genius in math. Program didn’t feel right. RITHOLTZ: No.

Valuation 167

Valuation Investments Numbers Investing 167

The Big Picture

JULY 31, 2023

I mean, you’re talking about, I don’t, I could do the math, it’s like a 10,000% return in like three weeks. And that’s sort of the math. He was right on the thesis. He found a place to express it efficiently. RITHOLTZ: Right. HOFFMAN: And he absolutely nailed the timing. I mean, it’s, I mean, really crazy.

Retail 130

Retail Government Economy Economics 130

The Big Picture

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. He helps portfolio managers make sense of the world. Tell us a little bit about the plan for launching an independent economics research 00:09:15 [Speaker Changed] Shop. So at that point, I had a pretty big career. Not, not useful.

Economy 144

Economy Clients Banking Economics 144

The Big Picture

JUNE 3, 2024

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

Math 144

Math Marketing Marketing Engineering 144

The Better Letter

JANUARY 11, 2024

That’s why the markets are much more of a mind game than a math game. And that’s why markets will always be exceedingly hard, even when the math seems easy or the future seems certain. Stop with the math.` Beyond the present lies imagination. And lots of surprises. This is the best thing I read in the last week.

Economy 100

Economy Economics Math Banking 100

Abnormal Returns

NOVEMBER 27, 2024

sherwood.news) Fund management How a portfolio manager allocates trades matters. sherwood.news) Microstrategy ($MSTR) math doesn't math. (axios.com) Markets are, for now, shrugging off tariff threats. morningstar.com) Tom Lee's Granny Shots US Large Cap ETF ($GRNY) is live. governments.

Math 147

Math Portfolio Management Portfolio Media 147

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. You learn the math that can help you with, with market making operations. It’s just not smart on a math basis to do that. And I just caught the bug. Become options market makers. You learn the technology.

Portfolio 144

Portfolio Management Assets Marketing 144