Sheri Gellman

If you think portfolio risk management is just about diversification, think again. This article sheds light on some surprising strategies that challenge common perceptions. Here are some thought-provoking takeaways: - Did you know that reducing the number of investments in a portfolio can sometimes actually decrease risks? It's all about strategic selection. - Contrary to popular belief, actively managing risk doesn't necessarily mean more frequent trading. In fact, a hands-off approach can be a smart move. - One of the key points discussed is the importance of understanding the correlation between investments, a factor often overlooked in risk management strategies. - Asymmetric risk and the role it plays in portfolio management is explored, offering a fresh perspective on balancing risk and return. - Ever considered tail risk hedging? This article dives into this lesser-known strategy that can enhance risk management effectiveness. Share your thoughts and feelings on these unconventional risk management strategies. https://lnkd.in/ecgSpH93

Marathon Asset Management is pleased to announce the reset of Marathon CLO 2020-15. The reset reinstated the CLO's reinvestment period for another five years and upsized into a $462 Million structure. The fact that a CLO manager has the ability to lower its liability cost via refinancing, while also extending maturities through a reset is one more factor while CLO Equity is viewed as a compelling investment opportunity. Resets and refinancings have the potential to add additional cash-flow that accrues to the CLO Equity.

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More important today than ever before.

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Once considered the unpopular and neglected counterpart to men's leagues, women's sports now draw a new, profitable fan base. The excitement has been predominately centered around women’s basketball and soccer, which have shifted from being mainly grassroots-driven to attracting significant commercial investments. The Women's National Basketball Association (WNBA) is anticipated to reach revenues of up to $200 million this year, doubling its 2019 figures. Additionally, the National Women's Soccer League (NWSL) saw a 33% year-on-year revenue increase in 2023. While the valuations of men's professional teams continue to rise, the commercialization of women's professional sports is in the early innings and has the potential to achieve extraordinary success. Learn more about the commercialization of women’s sports in our latest insight: https://lnkd.in/ePH8n-rF #paris2024 #womensports #prosports #privateinvestments #olympics For financial advisors only. IMPORTANT DISCLOSURE: https://lnkd.in/e3VJtU2q

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U.S. middle market performance remained stable, with private equity-backed companies demonstrating continued resilience and adaptability, according to the Golub Capital Altman Index. Middle market private companies grew earnings by 8% during the first two months of Q3 2024 and revenue grew 5% during the same period. Read more: https://okt.to/tkE2qa #privatecredit #middlemarket #economy

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U.S. middle market performance remained stable, with private equity-backed companies demonstrating continued resilience and adaptability, according to the Golub Capital Altman Index. Middle market private companies grew earnings by 8% during the first two months of Q3 2024 and revenue grew 5% during the same period. Read more: https://okt.to/6D1NJg #privatecredit #middlemarket #economy

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PitchBook Q3 2024 Breakdown showing Add-ons, Carveouts & Divestitures are leading the way to 2024E being 22.5% higher than 2023 in deal value. While that estimate would be below 2022 it's a great first step in the right direction . . . #privateequity E78 #privatecredit

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Everyone I speak with in the solutions industry agrees that the current solutions evaluation and search approach is sub-optimal. My partner Ravi Venkataraman, CFA is leading Chestnut's work toward a holistic investment solutions evaluation framework that will better serve investors and all industry participants. Ravi gives a good overview of our new framework in the clip below, and there are tons of great stories and details in the full podcast (replay link in the post below). #investmentsolutions #OCIO #assetmanagement #institutionalinvestors #investmentconsultants #wealthsolutions

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𝗙𝗿𝗼𝗺 𝗧𝗿𝗼𝗽𝗵𝘆 𝘁𝗼 𝗧𝗿𝗮𝗱𝗲: 𝗧𝗵𝗲 𝟳𝟵𝟵 𝗕𝗿𝗼𝗮𝗱𝘄𝗮𝘆 𝗦𝘁𝗼𝗿𝘆 🏢 𝗧𝗵𝗲 𝗢𝗿𝗶𝗴𝗶𝗻𝗮𝗹 𝗧𝗵𝗲𝘀𝗶𝘀 (𝟮𝟬𝟭𝟴-𝟮𝟬𝟮𝟭) • COLUMBIA/NORMANDY BUILDS DREAM OFFICE: 176,588 SF OF PURE CLASS A SWAGGER • EARLY WINS: BAIN CAPITAL VENTURES, TIDAL SIGN ON • THE PITCH: "TECH MEETS IVY LEAGUE IN GREENWICH VILLAGE" 𝗧𝗵𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 (𝟮𝟬𝟮𝟮) 💰 • $270M FLOATING-RATE FROM BLACKSTONE MORTGAGE • SOFR AT ~1% - WHAT COULD GO WRONG? • LIMITED HEDGING 𝗪𝗵𝗲𝗻 𝗜𝘁 𝗔𝗹𝗹 𝗖𝗵𝗮𝗻𝗴𝗲𝗱 (𝟮𝟬𝟮𝟯-𝟮𝟬𝟮𝟰) ⚡ • SOFR HITS 5% LIKE A FREIGHT TRAIN • +$900K MONTHLY DEBT SERVICE GUT PUNCH • NYC OFFICE VALUES CRATER 35% • TECH TENANTS DISCOVER ZOOM STILL WORKS 𝗧𝗵𝗲 𝗧𝗿𝗮𝗱𝗲 (𝟮𝟬𝟮𝟰) 🔄 • SAVANNA GRABS IT FOR $255M CASH • 6% BELOW LOAN - EQUITY GETS ZEROED • LENDER TAKES $15M HAIRCUT 𝗖𝗼𝗹𝗱 𝗛𝗮𝗿𝗱 𝗠𝗮𝘁𝗵 📊 • PEAK VALUES (2022): $1,500/SF • CURRENT COMPS: $800-900/SF • PRE-COVID UTILIZATION: 95% • TODAY'S REALITY: 65% • TECH JOBS: FROM +12% GROWTH TO 100,000+ LAYOFFS 𝗧𝗵𝗲 𝗥𝗲𝗮𝗹 𝗦𝘁𝗼𝗿𝘆 𝘊𝘰𝘭𝘶𝘮𝘣𝘪𝘢 𝘣𝘶𝘪𝘭𝘵 𝘵𝘩𝘦 𝘳𝘪𝘨𝘩𝘵 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘢𝘵 𝘵𝘩𝘦 𝘸𝘳𝘰𝘯𝘨 𝘵𝘪𝘮𝘦. 𝘞𝘩𝘦𝘯 𝘺𝘰𝘶𝘳 𝘥𝘦𝘣𝘵 𝘴𝘦𝘳𝘷𝘪𝘤𝘦 𝘥𝘰𝘶𝘣𝘭𝘦𝘴 𝘣𝘶𝘵 𝘺𝘰𝘶𝘳 𝘳𝘦𝘯𝘵 𝘳𝘰𝘭𝘭 𝘥𝘰𝘦𝘴𝘯'𝘵, 𝘵𝘩𝘢𝘵'𝘴 𝘯𝘰𝘵 𝘢 𝘵𝘪𝘮𝘪𝘯𝘨 𝘪𝘴𝘴𝘶𝘦 - 𝘵𝘩𝘢𝘵'𝘴 𝘤𝘩𝘦𝘤𝘬𝘮𝘢𝘵𝘦. 𝘛𝘩𝘦𝘺 𝘵𝘰𝘰𝘬 𝘵𝘩𝘦𝘪𝘳 𝘮𝘦𝘥𝘪𝘤𝘪𝘯𝘦 𝘦𝘢𝘳𝘭𝘺. 𝘚𝘢𝘷𝘢𝘯𝘯𝘢? 𝘎𝘦𝘵𝘵𝘪𝘯𝘨 𝘎𝘳𝘢𝘥𝘦 𝘈 𝘳𝘦𝘢𝘭 𝘦𝘴𝘵𝘢𝘵𝘦 𝘢𝘵 𝘤𝘭𝘦𝘢𝘳𝘢𝘯𝘤𝘦 𝘱𝘳𝘪𝘤𝘪𝘯𝘨. "𝘗𝘳𝘪𝘤𝘦 𝘪𝘴 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘱𝘢𝘺. 𝘛𝘪𝘮𝘪𝘯𝘨 𝘪𝘴 𝘸𝘩𝘢𝘵 𝘬𝘦𝘦𝘱𝘴 𝘺𝘰𝘶 𝘪𝘯 𝘵𝘩𝘦 𝘨𝘢𝘮𝘦."

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#DirectLending deals may be getting bigger, but the most compelling relative value arguably (still) lies in the traditional or “true” #MiddleMarket. Tyler Gately and Stuart Mathieson share their views on how the lending landscape is evolving and what that means for investors and sponsors. Learn more: https://ow.ly/h5J430sCUsp #PrivateCredit

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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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About Kinsley Street Investors Group: Our team of professionals have a passion for unlocking the value of micro and small-cap companies. We believe the universe of publicly-traded companies encompasses unique stories that are largely underfollowed by Wall Street. Our role is to be the gateway for our clients to the individual and institutional investment community as they execute their business model and command a superior market valuation. As IR professionals, we have many years of experience telling the most complex stories in a very compelling way. KSI represents clients based in the U.S. as well as international companies seeking increased exposure and visibility in the U.S. markets. For our global clients, we serve as a key liaison to the U.S. investment community and are able to provide access and responsiveness to investors on their own time zone. For an international company to be successful in the U.S. markets, they must provide the same level of access and transparency as their U.S-based counterparts. Regular and consistent visibility is critical in order to eliminate the concerns and perceived risks typically associated with international investments. KSI can serve as a trusted representative of your company here in the U.S. markets to assist with elevating your company and accessing the expansive investment dollars available to global companies www.kinsleystreet.com

We are delighted to announce that Managed Asset Portfolios, LLC (MAP) has achieved Top Guns status for its U.S. Multi-Cap Value Strategy for Q2 2024. 🏆📈 Read press release: 👉 https://lnkd.in/eqDHD8Kp #ManagedAssetPortfolios #Investing #StockMarket #Awards #ValueStrategy #BestMoneyManagers #TopGunsManager

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I had the privilege of attending and speaking at the GuideWell + Flare Capital Partners AI Conference last week in Jacksonville, along with fellow industry leaders, Chris Lehane, Michael A. Greeley, Bryan Koch, Tarun Mehra & Ben Hall. Here are my top five takeaways from the event: 1. The pace of AI advancements, particularly from OpenAI and others, is astonishing. We've quickly moved from predictive models (ChatGPT's original LLM interface) to more advanced reasoning models like O1, which have the potential to reshape the way we even think about applying AI across various industries. 2. The real transformation will come as we approach level 3 with agents capable of managing complex tasks, ultimately reinventing how we currently do things. 3. For AI in healthcare, outdated regulatory frameworks in the US such as HIPAA will likely prevent ecosystem-wide adoption in the near term. Privacy and PHI remain important to preserve, but we will need to modernize the way we use the data, preserving the privacy that is most important to us. 4. Healthcare is generating over 30% of all data available, yet our ability to utilize this new resource is currently quite limited because of outdated regulatory frameworks. 5. The AI opportunity in healthcare is there for those who pursue creative solutions and novel applications. Organizations with this mindset will create immense value for the industry at large.  Special thank you to Florida Blue for the invite and look forward to participating in this important conversation again in the future. #AI #Healthcare #Innovation #DataTransformation

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In this video Observations and Expectations, Virtus Senior Managing Director and Chief Market Strategist, Joe Terranova, provides insight on how investors should think about allocating capital in the final two months of 2024. Watch now - https://bit.ly/4faZxW8 Virtus Investment Partners #ObservationsandExpectations

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Check out this TabbFORUM report on the state of AI in the capital markets, where our CEO, Jim Kwiatkowski, was quoted discussing: - How our team has mitigated hallucinations in BondGPT - Why we’ve incorporated industry-specific vernacular in BondGPT - How we’re working with clients to securely integrate their proprietary data into BondGPT and integrate the tool into their trading workflows Read Jim's thoughts here: http://spklr.io/6042vlPj #TradeSmarter

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Exciting news for all VC and PE enthusiasts! 📘 The popular VC Secondary Series interviews are now available in a FREE book on the Point Capital website. Plus, the series has expanded to include PE Secondaries interviews with insights from Joncarlo Mark, founder of Upwelling Capital Group, and his secondary investing at CalPERS. Discover more about the evolution of secondary investing best practices with a spotlight on the role of Institutional Limited Partners Association (ILPA). Published on SecondaryLink. For a copy, simply DM with your email. "A more proactive stance by LPs would not only improve market efficiency but also present them with more opportunities to stay invested in high-potential assets. A shift in mentality from "sell" to "roll" could allow LPs to better align with GPs and participate in the continued growth of companies they initially invested in, rather than exiting due to liquidity needs. This evolution would create a more dynamic, efficient, and collaborative secondary market overall." https://lnkd.in/gW32HGWV #VC #PE #SecondaryInvesting #IndustryInsights #PrivateEquity #VentureCapital #InvestmentResearch

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Our next Global Female Investors Management, LLC meeting is on Nov 19th in NYC (also virtual) with the topic of “Demystifying Allocator Decision-Making.” It's hosted by Expect Equity Equity and features insights from Hallie Dinkelspiel Label. ➡ Date: Tuesday, November 19th (In-person in NYC and virtual) ➡ Time: 6–8 PM EST ⏩ If you are a Global Female Investors Network (GFIN) member, please RSVP here: https://lnkd.in/eA6__4Ma or to sign up for GFIN membership send a message to [email protected] This event will provide a rare opportunity to dive deep into the minds of allocators and learn the key factors that influence their decision-making processes. In this session, Hallie will shed light on crucial questions that investment professionals often ask, such as: ▶ How do allocators choose strategies to diligence? ▶ What drives their commitments and investments? ▶ What role do pedigree, strategy, relationships, and forward return assessments play? ▶ Why might strong returns not always translate into successful fundraising? This event is designed specifically for our Global Female Investors Network members who want to better engage and retain institutional investors’ interest. Hallie will share actionable insights on aligning your strategies with allocator expectations, helping you strengthen your approach in today’s competitive landscape. Explore the questions we all have when it comes to the challenging world of engaging with institutional investors.

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