The Big Picture

AUGUST 16, 2022

And then in 1982, Dean Witter recruited me to join them and to really start managing what was their fledgling hedge fund practice, which was really with CTAs back in that era, and then evolved into, you know, more macro style funds. And last market question, so we’ve seen equity valuations come down.

Management 305

Management Assets Risk Management Marketing 305

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. And so when the recruiter called me, I said, you know, it sounds really interesting.

Investing 147

Investing Investments Management Valuation 147

The Big Picture

APRIL 29, 2025

We learned everything, you know, across from accounting to auditing to, to tax and valuation. I ended up in what was called the valuation services group, where we valued real estate and businesses either for transactions or for m and a activity. So our analysts and our firm are as important as our portfolio managers.

Management 130

Management Assets Portfolio Insurance 130

The Big Picture

MAY 20, 2025

First of all, my, some of my co-portfolio managers will bristle if you refer to us as a factor based firm. Well, and and by the way, those are the ones that are less liquid, less efficient that you’re likely to, to win with active management. How does that affect how you recruit employees?

Management 130

Management Numbers Transportation Accounting 130

The Big Picture

FEBRUARY 12, 2024

So then I just started interviewing with companies as they came on, on the, on-campus recruiting to see what, what I could find. And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. So I applied to half a dozen of the best programs. Why aren’t you?

Management 294

Management Investing Investments Economy 294

Inside Information

DECEMBER 26, 2023

The PE firms, flush with capital, moved in to buy into the rising tide, and valuations were inflated ‘to levels previously unimaginable,’ as ‘buyers contorted themselves to justify higher prices.’ They will create more attractive cultures in order to win recruiting battles, and (separate trait) do what is necessary to keep their talent.

Wealth Management 40

Wealth Management Clients Management Numbers 40

The Big Picture

FEBRUARY 17, 2025

That is not being reflected in valuations from a top down standpoint. One is, if you think about EM, equity valuations versus the s and p, the EM index is trading at, you know, 10 to 11 times forward pe. But key valuations are necessary but not sufficient condition for an opportunity to be attractive. 00:35:18 Right.

Investing 147

Investing Investments Economics Management 147