Shrey Parikh

(Trigger warning: self-promotion) This April 4, Fordham University will hold a quantitative finance conference (https://lnkd.in/dMZC_NDd). Organized by the eternal enthusiast and black belt of finance positivity Alexander Fleiss, it will host a very good participant rosters. Some personal favorites: Raphael Douady, Amal Moussa, Carson Boneck, CFA, Gordon Ritter, Igor Halperin, Christina Qi, Jae Ho Kim, PhD. I will also give a talk (no panel--I am a misanthrope). For once, I look forward to it. I will talk about "Research problems that keep me awake at night"; i.e.. my favorite open problems in applied finance. To talk about this or that personal result or to give out vibes is fine, but to share the things one doesn't know is better still. Instead of venting for 500 hours to a therapist about my problems, I get to do it before 500 of you, for one hour, all at the same time. And that's the ergodic theorem for you. Plus, I don't have to pay you. So, consider attending, and if you do, pls stop by and say hi. #finance #investing #quantfinance #quantitativefinance #hedgefunds #morefinancemoreproblems #conference

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📢 Citi partners with Apollo Global Management, Inc. for a $25 billion private credit program! 💼💰 Citigroup and Apollo Global Management are teaming up for a $25 billion private credit and direct lending program, entering the $2 trillion private credit market. ➡️ What happened? Citi and Apollo, alongside Mubadala Investment Company and Apollo’s annuity services unit Athene, will provide funding to companies that don’t meet traditional bank lending requirements. 💵Private credit offers a faster, more flexible option for companies looking to secure large loans for business growth or acquisitions. ➡️ Why does this matter? Banks and private lenders used to compete, but now they’re partnering up. 🤝 For Citi, it’s a chance to leverage their network to find clients without taking on all the risk, while Apollo brings in the capital. The program will focus on North America first but could expand globally🌏 👇 The takeaway? Private credit is now becoming a major player in finance, offering new opportunities for companies in need of funding. With Citi and Apollo joining forces, this space is only set to grow. 💬 Do you think private credit will overtake traditional banking? Follow BELAFIN News for more simplified updates on the latest financial moves! 🚀 #PrivateCredit #Investments #Citi #Apollo #FinanceNews #BELAFINNews

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Cliff Asness of AQR, a former student of Eugene Fama who pioneered efficient market theory, suggests several reasons why markets are now less informationally efficient. #investing #efficientmarket #cliffasness #fama #factorinvesting #passiveinvesting #aqr #equity

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Hedge funds' exposure to US tech giants has hit a record high, propelled by Nvidia's robust earnings report, as detailed by Goldman Sachs' prime brokerage. Kristin Roth DeClark, global head of technology investment banking at Barclays, provided insights into this trend during a conversation with Caroline Hyde and Ed Ludlow on "Bloomberg Technology." This surge underscores the growing confidence in the tech sector, particularly in companies demonstrating strong performance and innovation. #HedgeFunds #TechGiants #Nvidia #InvestmentTrends #GoldmanSachs #Barclays #BloombergTechnology ---------------------- Learn more here: https://lnkd.in/evPUWD-Y

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Continuing with the analysis of the new Vantage Score 4 credit rating on single-family borrowers in the #FreddieMac loan level dataset, I broke down the 1,141,757 loans by deciles of original FICO as at the origination of the loan, VS4 current method (that contains new sources like rental income and telecoms payments, and updates on medical collections, tax liens, judgments, student loan forbearance), and the VS4 tri-merge (that uses the same information as VS4 current method in other formula), obtaining the chart below. The three methods agree up to the 7th decile, with the log of the odds probability of default decreasing linearly as the credit score moves from one decile to the next. From the 8th to the 9th, the linearity breaks down for the VS4 scores, giving higher probailities of default, only catching up with the straight line at the 10th decile.

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🚀 New equity research on BlackRock Inc. by Calamatta Cuschieri is now available! BlackRock Inc., a leader in the investment management space, has reshaped market access through its active and passive portfolio options. From ETFs to advanced technology solutions like Aladdin, BlackRock’s innovative platforms help investors globally. Their commitment to strategic growth, strong competitive position, and a stable dividend growth record make BlackRock a compelling long-term value proposition. Moneybase users can explore the full research in-app by tapping the research story! Not yet on Moneybase? Download the app and sign up in just a few clicks: moneybase.com/app. Disclaimer The value of your investments may go down as well as up and may be affected by changes in currency. The information presented do not represent and shall not be construed as investment advice, recommendation, or inducement to buy or sell financial instruments. The information presented is general in nature and is not directed to any specific person, and is therefore provided to You on the express basis that it is not advice, and You may not rely upon it in making any investment decision. Investments in any financial instruments involve risks, You should make your own research before making any investment decisions and should seek the assistance of a financial advisor if in doubt. Payment services are provided by Moneybase Limited (MB) C 87193 which is licensed by the MFSA to transact the business of a Financial Institution in terms of the Financial Institutions Act, Cap 376. Investment services are provided by Calamatta Cuschieri Investment Services Ltd (CCIS) C13729 which is licensed by the MFSA to undertake investment services business under the Investment Services Act, Cap 370. MB and CCIS are both subsidiaries of Calamatta Cuschieri Moneybase plc with registered address at Level 0, Ewropa Business Centre, Dun Karm Street, Birkirkara, BKR 9034, Malta.

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We recently hosted an alternatives academy in Hudson Yards and featured our hedge fund panel to share our insights on the latest opportunities we see in the space. Our hedge fund panel noted a shift from disinflation to reflation, which could lead to more varied corporate results and potential opportunities for active managers. For those seeking to build more diversified portfolios, consider allocating to alternative strategies for differentiated sources of return that don't closely follow traditional assets. Learn more about how to implement these strategies with alternative investments ->https://1blk.co/3BMoUPr For Professional Investors Only #alternatives #hedgefund #investing

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We recently hosted an alternatives academy in Hudson Yards and featured our hedge fund panel to share our insights on the latest opportunities we see in the space. Our hedge fund panel noted a shift from disinflation to reflation, which could lead to more varied corporate results and potential opportunities for active managers. For those seeking to build more diversified portfolios, consider allocating to alternative strategies for differentiated sources of return that don't closely follow traditional assets. Learn more about how to implement these strategies with alternative investments ->https://1blk.co/3YdK2FP For Professional Investors Only #alternatives #hedgefund #investing

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SPXL has greatly outperformed its non-levered counterpart since 2010, but does it always outperform? Check out my analysis of the risks and returns of SPXL in this walkthrough https://lnkd.in/gtS2zs9Z #DataAnalytics

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This summer, we had the pleasure of welcoming Andrea Vedolin, Professor of Finance at Boston University, to our department.   During her stay, we had the opportunity to ask her a few questions about her research interests and her thoughts about the current landscape of financial markets. Gain some interesting insights about this field in our interview with our guest Andrea Vedolin and hear her expert perspectives. ✨   Read the interview here: https://lnkd.in/eJuvkpjE   #WeAreDF #UZH #FinancialResearch #VisitingProfessor #BostonUniversity #Interview

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Great publication from one of our most renowned peers about the virtue of complexity in return prediction. Authors Bryan T. Kelly, Semyon Malamud, and Kangying Zhou challenge traditional models by exploring advanced methodologies for predicting U.S. equity market returns. Within our fund Taranis Market Sentiment, we value greatly this type of approach. We use complex data modeling and quantitative analysis to effectively capture market opportunities and deliver performance to our clients. 📈 #DataModeling #MachineLearning #QuantitativeAnalysis #Finance #Innovation #TaranisMarketSentiment Julien Leegenhoek, Antoine Megarbane, Dalmat Pira, Dylan Zappellaz, Baptiste Quidet, Gaël Pagès ➡ https://lnkd.in/dmrSxkWt

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ETF Data Solutions for Asset Managers ULTUMUS by SIX Financial Information provides a global ETF data feed, including portfolio composition files (PCFs) and associated reference data such as benchmark and index data, across all asset classes including crypto, for the entire ETF data universe. We can handle more complex multi asset portfolios and global ones spanning multiple countries. We work with over 400 index providers from the giants like MSCI, S&P and FTSE, to dozens of newer firms that might create a handful of thematic or sub-sector indices. Delivery is in one single, flexible, customisable API feed and user interface, which can accommodate all sorts of security identifiers to interoperate with other systems. This supports workflows throughout back, middle and front offices, in buy side and sell side firms – and indeed the important workflows between buy side and sell side. Operations and compliance teams use the data to drill down to position level transparency. Research teams can use it for competitor intelligence, peer group ranking and performance analysis. They can use the data to track ETF flows, highlighted in the monthly ULTUMUS flow report, understand the growth of passive AUM as well as the growing niche of active ETFs that have often converted from mutual funds to ETFs. Trading desks can rely on more timely and accurate ETF pricing with validated PCFs (for both physical and synthetic structures) before markets open, supported by ULTUMUS teams working 24/5 in US, European and Asian time zones. ULTUMUS is the largest PCF independent calculation agent globally and is often the original source for much of the ETF data it aggregates, coordinating it with important details such as holidays and non-trading days, corporate actions and dividends. This gives us more confidence in verifying data quality and accuracy, and avoiding glitches and hiccups, versus some other providers’ model of relying on second hand or third hand data. Get in touch for a free demo https://hubs.li/Q02B2ZDt0 #ETF #PCF #financialtech

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Does navigating the challenges of complex portfolios and high-volume trading sound familiar? Mastering these challenges all boils down to one thing: the right tech stack. https://lnkd.in/diE3uEYy

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I just completed Citi's Investment Banking on @[Forage](urn:li:organization:68514998). In the simulation I: * Completed a job simulation where acting as a buyside analyst for a hypothetical client, Big Box Retail, who were looking to acquire a small retail company * Created a company profile for the target * Developed a five-year financial projection using a simple income statement model in Excel * Drafted a comparative company analysis * Synthesized an investor update into an internal summary report Check out the simulation here: https://lnkd.in/gsXt8DzN #citi #forage #job #stimulation #project #dcf #investment #banking #finance

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😫 While working at investment banking can be tough, the payoff is worth every bit of hustle. 🤑 For example, first-year analysts in IB can rake in up to $170,000. Now, we'd say that's pretty impressive, right? 😲 Yet, breaking into IB is tough and requires a lot of work. 📝 One of the biggest slip-ups? Not prepping enough for those behaviorals. Craft compelling stories (aim for 6-7) to ace your fit questions. Need guidance? Shoot us a DM with your email, and we'll add you to the WSO Academy waitlist 📮 #investmentbanking #wallstreet #financecareers

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What a great topic and guest I had for our 200th Interactive Brokers' podcast!!!! It is always a great conversation when the OCC's Mat Cashman swings by to talk options with me. Whether your an experienced option trader or just starting out you will enjoy this podcast. #options Options involve risk, please visit ibkr.com/occ to read the ODD. 

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