Amol Dhargalkar

MacNicol & Associates hosted a webinar on April 26th, 2024, where the team and the Founder and Chief Investment Officer of Strom Capital discussed macro hedge funds, investing in today’s markets, and much more. Michael Coolbaugh runs and founded Strom Capital, which is located in Virginia. Strom Capital is a component of the Alternative Asset Trust through the Absolute Return Fund. Michael went over inflation, debt markets, equity markets, election cycles, Argentina, and much more. Watch it here: https://lnkd.in/gaZihy6n #hedgefunds #alternativeassets #macroinvesting #investing #markets #globalmarkets #debtmarkets #currencies #commodities

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MacNicol & Associates hosted a webinar on April 26th, 2024, where the team and the Founder and Chief Investment Officer of Strom Capital discussed macro hedge funds, investing in today’s markets, and much more. Michael Coolbaugh runs and founded Strom Capital, which is located in Virginia. Strom Capital is a component of the Alternative Asset Trust through the Absolute Return Fund. Michael went over inflation, debt markets, equity markets, election cycles, Argentina, and much more. Watch it here: https://lnkd.in/gVuZU2jn #hedgefunds #alternativeassets #macroinvesting #investing #markets #globalmarkets #debtmarkets #currencies #commodities

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Soft data fuels further steepening of yield curve Halyard's Weekly Wrap - 7/26/24 The #data this week was decidedly mixed – although the Bond market priced in further cuts. The Philadelphia non-manufacturing index plunged to -19.1 from the 2.9 recorded last month. Similarly, the Richmond Fed manufacturing index dropped to -17 from the -10 recorded last month. As expected, there was no joy to be found in the #housing sector as existing and new home sales were both down for the month. Offsetting those dismal indicators this week was the release of advanced GDP calculation for Q2. Economists were expecting that #GDP would rise from the 1.4% growth in Q1 to 2.0% in Q2. Instead, the economy expanded at double the rate of the first quarter, coming in at 2.8% annualized. Digging through the details, the first pass looks even better; personal consumption grew at an annualized rate of 2.3% and net imports subtracted 0.93% from overall domestic growth. The big news this week was Bill Dudley’s statement that the #Fed should abandon the higher for longer policy and instead cut the overnight rate, possibly as soon as next week. The former Goldman Sachs chief economist and former President of the Federal Reserve Bank of New York said “The facts have changed so I changed my mind.” Given his credibility we wonder if his opinion could be enough to influence next week’s rate decision. Probably not, but recent economic data indicates that growth has downshifted to the extent that a rate cut is justifiable. What’s likely to hold the committee back from a July rate cut is they have consistently prioritized communication and to cut the rate without signaling first would be a reversal of that strategy. Given the combination of the continued weak data and Fed whisperer Dudley, the bond yields fell for the week with the 2-year 13 basis points lower to 4.38% and the 30-year unchanged, taking the 2-year/30-year yield curve to a positive 7 basis points. It had traded as high as 11 basis points earlier in the week. The optimism for a near-term rate cut did little to offset the swoon in technology-related equities as investors question valuation metrics in the that sector. The iShares technology ETF (IGM) has fallen over 8% since touching an all-time high two weeks ago. That #ETF bounced a bit at week’s end as the broad market began to again anticipate an accommodative Fed. Looking to next week, we’ll get the one-two punch of the #FOMC meeting on Wednesday and the July employment report on Friday. The consensus expectation is that the economy will add 185,000 new jobs in the month, and as we wrote earlier we don’t think the FOMC will lower the overnight rate at this meeting. #markets #investing

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Shareholder Jeremy Senderowicz will be speaking at the 2024 ETP Forum on May 22nd in New York, New York. The event, sponsored in part by Vedder Price, will cover a wide range of topics pertaining to Investment Management and Exchange-Traded Products and Funds, including a presentation by Jeremy and his co-panelists on the evolving ETF legal landscape. Visit our website below for more details. #NYC #InvestmentServices #InvestmentManagement #ExchangeTradedProducts #ExchangeTradedFunds

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🗞️ MSR Owners Turn to Futures to Hedge Interest Rate Moves🗞️ 🔗 https://lnkd.in/gqt4T99p Michael Riddle, CEO of Eris Innovations - Creators of Eris SOFR Swap futures, and Ted Carey, CFA, Executive Director of CME Group Interest Rates detail the first-hand perspectives of advisors, clearing brokers, and industry practitioners on how holders of mortgage servicing rights (MSRs) are hedging interest rate risk today. Excerpt: 'Robert Powell, SVP for RJO Fixed Income Group (FIG), reported a recent uptick in client activity. “In the past 12 months, we’ve had at least a dozen new customers start using CME Group’s Eris SOFR Swap #futures. At least half of them are using them to hedge MSR assets, and several of them are completely new to hedging altogether.”' Curious about swap futures? Learn more at www.erisfutures.com or at https://lnkd.in/gPhs2zff. #hedging #derivatives #interestrate #riskmanagement

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Portfolio Manager Trevor Williams highlights a trend of slowing private equity exits in the U.S., with a 7% year-over-year decline and a 44.4% drop compared to 2021. He explains, this shift is prompting PE firms to pursue "modern" value creation strategies to drive sustainable growth amid longer holding periods. #privateequity #peexits #valuecreation #buyandbuild #sustainablegrowth #investmentinsights #assetmanagement #investmentstrategy #mergersandacquisitions #growthstrategy #investing #assetmanagementinsights

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BREAKING: A quartet of equity analysts have provided a bullish response to the recent sell-off of Skyward Specialty shares by suggesting concerns over any potential impact from the plight of loss portfolio transfer (LPT) counterparty R&Q are overdone... https://lnkd.in/eQJeWQuQ Skyward Specialty Insurance #Insurance #insurancenews #specialty #results #PropertyCasualty

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My colleague, Roger Burkhardt, recently spoke with RTInsights about how Broadridge has implemented and used GenAI to increase employee productivity and better serve our clients – from automating meeting transcriptions to email processes. Roger shares the value derived from GenAI applications and how the tool's widespread adoption has been used to benefit different user groups and workflows with human-centric adaptions. Read more of his thoughts about GenAI. http://spklr.io/6041auVL #GenAI #DigitalTransformation #AI #Data

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The adoption of alternative investments in defined contribution, or DC, plans continues to be limited, but recent research from Cerulli Associates highlights how asset managers are seeking to make inroads via collective investment trust and interval fund structures. Cerulli Associates Idin Eftekhari Karleen Fallon Bing Waldert #assetmanager #alternativeinvestments #definedcontributionplans #DC #CIT #intervalfunds #collectiveinvestmenttrust #Cerulli #cost #liquidity #illiquidity #barriers #innovation #diversification

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To understand the Fed’s monetary policy and wheather changes have on commodities, StoneX’s Chief Commodities Economist Arlan Suderman dives into several themes impacting the important market including: the latest CPI print and the monthly WASDE report from the U.S. Department of Agriculture. Suderman discussed the potential for a hot and humid period in the Midwest against the backdrop of debate over whether inflation will cool enough for the Fed to begin easing in his latest webinar episode. To read more and watch the full webinar, click here: https://lnkd.in/gc9gh_c9

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