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Macro Horizons

BMO Capital Markets

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BMO strategists discuss the week ahead in U.S. rates and global trends in the FICC macroclimate. Ian Lyngen, Ben Jeffery, and Vail Hartman provide weekly updates on the Fixed Income, Currencies, and Commodities (“FICC”) markets, bringing you thoughtful and timely insights on the U.S. Rates market and respond to questions submitted by listeners and clients. Macro Horizons delivers relevant and insightful commentary to help investors navigate the ever-changing global market landscape. For lega ...
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Star Mountain Capital

Star Mountain Capital

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Founded in 2010, Star Mountain Capital is a specialized investment firm focused on the large and fragmented North American lower middle-market. Star Mountain manages ~$4 billion of AUM (committed capital including debt facilities as of 2/29/24) through customized and commingled funds for some of the world’s most sophisticated investors, including individuals, family offices, insurance companies, wealth managers, endowments / foundations and pension plans. Star Mountain’s specialty is helping ...
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Join us for the 100th episode of "Boxes and Lines" as hosts Ronan Ryan and John Ramsay celebrate this milestone with IEX’s Chief Marketing and Communications Officer, Marija Zivanovic-Smith. In this special edition, we venture down memory lane with live reactions to memorable clips from the past five years. We’ve highlighted all the best moments, f…
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In this episode, our conversation with Aubrey Basdeo, Head of Fixed Income at Guardian Capital LP, we focus on the fixed income landscape and the outlook for interest rates in the US and Canada, the Federal Reserve's approach to inflation and interest rate cuts, as well as the differences between the US and Canadian economies, the impact of mortgag…
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This week, Joseph Lo, head of enterprise platforms at Broadridge, joins Wei-Shen on the podcast. They talk about Broadridge’s thinking behind BondGPT and OpsGPT, and some of the challenges firms face when experimenting with and using LLMs. https://www.waterstechnology.com/emerging-technologies/7951726/broadridge-ceo-we-intend-to-be-a-leader-in-aiTo…
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In this conversation, Doomberg (https://doomberg.substack.com/) joins Pierre and Mike to discuss various topics including Bitcoin, the parallel between Michael Saylor and Hugo Stinnes, speculative mania, the parallels in the borrowing strategy of Hugo Stinnes and Michael Saylor, the pumpamentals driving distortions in the market and the flywheel ef…
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The “vanguard of Vanguard,” Gerry O’Reilly, stops by to chat with Ronan and JR to discuss the Vanguard Total Stock Market Index Fund ($1.6 trillion in AUM), his 30 years at the firm, and how the industry has evolved during his tenure. The three also touch on the proposed updates to Reg NMS by the SEC, AI, and cryptocurrency in a broad-ranging hot t…
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Joining Wei-Shen on the podcast this week is Val Wotton, managing director and general manager for Institutional Trade Processing at the DTCC. They talk about the time left to US T+1, the assessment of firms’ readiness, as well as the SEC’s rule on affirmation rates.5:30 – Val joins the podcast and gives an overview of his role at the DTCC 7:00 – T…
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The man, the myth, the legend - market structure expert Larry Tabb joins Ronan and JR to talk shop about crypto, AI, and hot-button topics including access fees, tick increments, and the SEC's regulatory direction. They also discuss the challenges of moving to T+1 settlement and whether sub-dollar trading is a “scam.” It’s a must-listen episode for…
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Star Mountain Capital Founder & CEO, Brett Hickey, sits down with former co-founder of LBC Credit Partners, Chris Calabrese, to discuss the role of a challenger on an investment committee.Founded in 2010, Star Mountain is a specialized U.S. lower middle-market asset management firm focused on two investment strategies: 1) providing debt/equity capi…
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Star Mountain Capital Founder & CEO Brett Hickey sits down with Chief Investment Officer at New York State Nurses Association Pension Plan & Benefits Fund, Dylan Tate, to discuss how Private Credit can be well positioned to provide capital protection and attractive risk adjusted returns in a potential market downturn. Founded in 2010, Star Mountain…
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This week, Daniel Liebau, founding chairman of Lightbulb Capital, a research and advisory firm related to blockchain, joins Wei-Shen on the podcast. They discuss decentralized finance technology, and also Dan’s DeFi 2034 paper, as well as some possible future scenarios for TradFi and DeFi. https://www.linkedin.com/company/blockchain-scholars-podcas…
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This is one of the trickiest times in investing history marked by heightened uncertainty, distorted valuations, regime change and increased volatility in both equity and bond markets. For good reason, advisors have increasingly turned to shifting parts of the portfolios they manage away from traditional equity and bond assets in return for exposure…
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This week, Ronan and JR are joined by Ellen Correia Golay, a Treasury markets advisor at the New York Federal Reserve Bank and an expert in U.S. Treasury market structure and fixed income. Ellen dispels the gold heist myths of Die Hard 3, takes a closer look at all-to-all trading in Treasury markets, and discusses the SEC’s recent adoption of rules…
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Star Mountain Capital Founder & CEO, Brett Hickey, sits down with his former Harvard Business School professor, Robert Steven Kaplan, to discuss tips for businesses and investors in an uncertain economic environment where both Hickey and Kaplan believe there is a reasonable probability of a recession.“The main advice I’d give to companies and inves…
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Ben Parker, CEO at regtech firm Eflow, joins Theo on the podcast. They talk about the regulatory landscape in Europe, including the Markets in Crypto Assets Regulation and the European Market Infrastructure Regulation Refit. 4:00 – Ben joins the podcast and gives an overview of his background and eFlow Global6:00 – They cover the main items on the …
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Ronan and JR welcome back Chris Ekimoff and Kurt Wolfe, co-hosts of the 'inSecurities' podcast, to talk shop about the latest in securities regulation. With Chris's forensic accounting expertise and Kurt's background in law and SEC enforcement, they discuss the SEC's cautious stance on predictive analysis, industry reactions, and the effects of wha…
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This episode with guest Mario Cianfarani, Head of Distribution at Vanguard Canada kicks off delving into 2024's First Challenge: Bond yields and the importance of re-positioning cash for the long term given the likelihood of central banks shifting towards rate cuts in 2024. - It’s time to consider how to put money back to work, to shift from a defe…
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Ilan Kolet, Institutional Portfolio manager in Fidelity's Global Asset Allocation Team, joins us to discuss the most important questions he and his team mates, David Wolf and David Tulk have been fielding at the start of 2024. We delve into the unexpected shifts in monetary policy led by the Federal Reserve and mull over the repercussions of potent…
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This week, Expero’s managing director and financial services practice lead, Tim Baker, joins Reb on the podcast to discuss the ongoing Cusip case, the FCA’s wholesale market data study, and issues to do with copyrighting market data.https://www.waterstechnology.com/regulation/7951301/the-cusip-lawsuit-a-love-story 5:00 – Tim joins the podcast and t…
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Join us for a special episode of Boxes and Lines, featuring Neal Freyman and Toby Howell of the wildly popular newsletter, the Morning Brew. Listen as JR and Ronan learn how they’ve helped re-shape business news, making it digestible for millennials and Gen Z - or should we say, Zillennials - from its humble beginnings as a cheat-sheet at the Unive…
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Join Ronan and JR as they kick off 2024 with Dave Nadig, a “Financial Futurist” for ETF Trends and ETF Database, and an all-around expert in the ETF industry. In this episode, Dave shares his predictions for the year, discussing the election's impact on investments, the prospects of ESG and clean energy, the implications of SEC-approved Bitcoin ETF…
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John De Goey, Portfolio Manager and Investment Advisor at Designed Wealth Management joins us to discuss and explore the current investment landscape and the choices available to investors. He highlights the importance of managing risk and staying on the short end of the yield curve, for time being where fixed income is concerned. We also delve int…
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Shelley Eleby, Managing Director and Head of Marketing for Electronic Trading at BMO Capital Markets, joins Ronan and JR to talk strategy and the key to strong branding in an era of shrinking screen sizes and attention spans. An industry veteran, Eleby discusses her wariness of AI and the “shiny penny” effect it seems to be having across all aspect…
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Join us for this enlightening conversation with Ilan Kolet, Institutional Portfolio Manager, Global Asset Allocation Team, at Fidelity Investments, as we delve into the economic outlook for 2024. Kolet provides invaluable insight into the Canadian and US economies, the housing market, investment strategies, and inflation protection. We explore the …
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In this insightful discussion, Dino Bourdos, Portfolio Manager & Head of Investment Solutions at Guardian Capital LP delves into the intricacies of investment strategies, particularly focusing on the use of derivatives, covered call strategies, and the impact of market dynamics on investment decisions. With his extensive experience in the field, Bo…
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Amy Magnotta brings her expert take on the state of equity markets to the pod as we approach 2024. The Co-Chief Investment Officer at Ategenos Capital sheds light on everything from the fed's stance on interest rates, alpha drivers and the promising outlook for Japan, and potential tailwinds from the U.S. Infrastructure Investment and Jobs Act. As …
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Tony speaks with Joe Wald, managing director and head of electronic trading at BMO Capital Markets. But before that, Tony and Shen discuss their story about BlackRock’s mysterious “new” fixed-income tool, Aladdin Trader. Shen also talks about her recent trip to London. Skip ahead to 18:00 for the interview with Joe.https://www.waterstechnology.com/…
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Join us in conversation with Joaquin Kritz Lara, Chief Economist at Numera Analytics, as we explore the intricate world of global economics and financial markets. Hosted by Pierre Daillie and Richard Laterman, the discussion delves into the nuances of macroeconometrics, the dynamics of inflation, and the complexities of investment strategies in tod…
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Join us for this insight-rich conversation with Michael Robbins, a distinguished figure in quantitative asset management. He is an author, thought leader, Professor of Graduate Studies in Quantitative Investing at Columbia University, and a sitting CIO. Our conversation focuses on quantitative trading, asset management, and financial modeling. Mich…
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It’s Thanksgiving in the US, so we decided it’s time to revisit some of the dos and don’ts for PR people. Then, they discuss how Reb is settling into her new city. Here are Parts One (https://www.waterstechnology.com/management-strategy/2458851/waters-wavelength-podcast-episode-18-dos-and-donts-for-pr-people), Two (https://www.waterstechnology.com/…
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