[Finovate Special 4/4] Navigating Financial Promotions In The Finfluencer Era With AI | Sage Franch - PromoComply INVESTOLOGY: Re-think Investment Management podcast

40:32

A conversation between George Aliferis and Pahal Patangia, Global Developer Relations Lead, Consumer Fintech at NVIDIA recorded at the same time as Nvidia's 2022 GTC conference Pahal explains how fintech startups can evolve their data science program. We also go through various applications with real-life examples from Square, Venmo, Ping An, Allianz, and more. Listen to The Fintech Files your favourite podcast app or watch on YouTube . TO GO FURTHER NVIDIA Developer Hub for financial services https://developer.nvidia.com/industries/financial-services The GTC Conference https://www.nvidia.com/gtc/ Pahal on Linkedin https://www.linkedin.com/in/pahal/ WATCH CLIPS FROM THE INTERVIEW ► TikTok ► Instagram CONNECT ► Twitter ► Substack ► Linkedin #datascience #fintech…

INVESTOLOGY: re-think investment management

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[Finovate Special 4/4] Navigating Financial Promotions in the Finfluencer Era with AI | Sage Franch - PromoComply 10:26

5 days ago10:26

10:26

Explore the evolving landscape of financial promotions and the challenges faced by companies in staying compliant with stringent regulations. A discussion with Sage Franch, CEO and Co-founder of Promo Comply at Finovate Europe. Discover how AI tools can streamline marketing efforts, mitigate compliance risks, and foster trust among investors and regulators. LINKSPromoComply https://www.promocomply.com/📩 George's Investment Management Newsletter: https://bit.ly/3AxnyTY (Free)🎧 Audio Podcast: https://pod.link/1511595070📹Find us on YouTube: https://www.youtube.com/@investology_podcastFinovate: https://finovate.com/This episode was produced by Orama - a video and podcast studio for B2B Brands: https://orama.tv/ ABOUT SAGE FRANCH Sage Franch has over a decade of experience in artificial intelligence and business leadership, working with organizations of all sizes to drive business growth through digital transformation. ABOUT THE INVESTOLOGY PODCASTA podcast that helps you think about critical topics and principles of investment management. Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers.ABOUT GEORGE ALIFERIS (HOST)George Aliferis on Linkedin: https://www.linkedin.com/in/george-aliferis-caia-60078312/ Ex-financial markets sales: Natixis, Deutsche Bank, Invesco (Source), covering alternative investments, derivatives, ETFs Founder of Orama a podcast and video agency working with the finance industryCAIA Charterholder (Chartered Alternative Investment Analyst Association) Masters from HEC, Paris & UTDT, Buenos AiresGreek, French, UK-based (Brighton); Likes to swim, ski, surf; Dad x2TIMESTAMPS00:00 The Financial Promotion Challenge02:04 How Promo Comply Works03:23 The Regulatory Landscape in the UK04:09 Marketing and Compliance Collaboration08:23 The Role of Influencers in Compliance09:17 Future of Financial Promotions Compliance…

INVESTOLOGY: re-think investment management

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[Finovate Special 3/4] Create Investment Memos in Minutes with your own AI | Sachin Rege - Moonjelly AI 8:39

8 days ago8:39

8:39

We discuss how generative AI platform empowers businesses to harness their data and algorithms securely and facilitate the investment research process. It's also a broader reflection on AI fintech startups. LINKS Moonjelly AIhttps://www.jellyfishlabs.ai/ 📩 George's Investment Management Newsletter: https://bit.ly/3AxnyTY (Free) 🎧 Audio Podcast: https://pod.link/1511595070 📹Find us on YouTube: https://www.youtube.com/@investology_podcast Finovate: https://finovate.com/ This episode was produced by Orama - a video and podcast studio for B2B Brands: https://orama.tv/ ABOUT MOONJELLY A team of passionate engineers and makers whose expertise lies in artificial intelligence, machine learning, natural language processing and bringing value from data, bridging the gap between AI research and its practical applications ABOUT THE INVESTOLOGY PODCAST A podcast that helps you think about critical topics and principles of investment management. Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers. ABOUT GEORGE ALIFERIS (HOST) George Aliferis on Linkedin: https://www.linkedin.com/in/george-aliferis-caia-60078312/Ex-financial markets sales: Natixis, Deutsche Bank, Invesco (Source), covering alternative investments, derivatives, ETFsFounder of Orama a podcast and video agency working with the finance industryCAIA Charterholder (Chartered Alternative Investment Analyst Association)Masters from HEC, Paris & UTDT, Buenos AiresGreek, French, UK-based (Brighton); Likes to swim, ski, surf; Dad x2 TIMESTAMPS 00:00 Introduction to AI and Moon Jelly 00:43 Meet the Innovators Behind Moon Jelly 00:56 Understanding Moon Jelly's Unique AI Capabilities 01:27 Moon Jelly in Investment Management 02:54 Demo: How Moon Jelly Works 05:00 Implementation and Customization 06:31 Future Roadmap and Applications 07:30 Reflections and Closing Remarks…

INVESTOLOGY: re-think investment management

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[Finovate Special 2/4] A New Era of AI-Powered Wealth Managers | Arianna Colombo - MDOTM 8:05

10 days ago8:05

8:05

Discover how a modern tech platform integrates traditional market data with AI to provide investment signals, optimize investments, and automate reporting in wealth management. Learn about the impact of generative AI in transforming the financial industry and why confidence in AI has surged, enabling rapid growth and better adaptation within firms. With Arianna Colombo, MDOTM LINKS MDOTM https://www.mdotm.ai/ Arianna on Linkedin: https://www.linkedin.com/in/arianna-colombo-6941101a2/ 📩 George's Investment Management Newsletter: https://bit.ly/3AxnyTY (Free) 🎧 Audio Podcast: https://pod.link/1511595070 Finovate: https://finovate.com/ This episode was produced by Orama - a video and podcast studio for B2B Brands: https://orama.tv/ ABOUT MDOTM MDOTM Ltd. is the global provider of AI-driven investment solutions for Banks, Insurance Companies, Family Offices, Pension Funds, Wealth and Asset Managers. For more information visit https://mdotm.aiWe created a platform called Sphere, that leverages Analytical & Generative AI to deliver forward-looking investment insights, help institutional investors build and rebalance portfolios at scale and get automated reporting and commentaries on their portfolios' positioning. This happens thanks to our new Generative AI features, aimed at enhancing investment explainability and market understanding. ABOUT THE INVESTOLOGY PODCAST A podcast that helps you think about critical topics and principles of investment management. Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers. ABOUT GEORGE ALIFERIS (HOST) George Aliferis on Linkedin: https://www.linkedin.com/in/george-aliferis-caia-60078312/ Ex-financial markets sales: Natixis, Deutsche Bank, Invesco (Source), covering alternative investments, derivatives, ETFsFounder of Orama a podcast and video agency working with the finance industryCAIA Charterholder (Chartered Alternative Investment Analyst Association)Masters from HEC, Paris & UTDT, Buenos AiresGreek, French, UK-based (Brighton); Likes to swim, ski, surf; Dad x2 TIMESTAMPS 00:00 Introduction to Arianna Colombo and MDOTM 00:44 MDOTM's AI Solutions for Institutional Investors 01:59 Investment Solutions Overview 02:39 Customization and Efficiency in Finance 03:58 AI Integration and Implementation 05:22 Overcoming AI Adoption Challenges 06:42 Company Expansion and Growth 07:11 Conclusion and Contact Information…

INVESTOLOGY: re-think investment management

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[Finovate Special 1/4] AI Agents to Fight Financial Crime (and Reduce the $200bn Compliance Bill) | Darren Douglas - Regsearch AI 11:43

12 days ago11:43

11:43

Darren Douglas, founder and CEO of RegSearch AI, explains the challenge of regulatory compliance, which costs over $200bn to the financial industry and the role of AI regulatory compliance agents. Darren explains the need for AI proprietary models that ensure data security and transparency and explains how AI agents can read, understand, and map regulatory documents to internal information, drastically saving time and reducing compliance costs. LINKS Regsearch AI https://regsearch.ai/ Darren Douglas on Linkedin: https://www.linkedin.com/in/darren-douglas-6372192a/ 📩 George's Investment Management Newsletter: https://bit.ly/3AxnyTY (Free) 🎧 Audio Podcast: https://pod.link/1511595070 Finovate: https://finovate.com/This episode was produced by Orama - a video and podcast studio for B2B Brands: https://orama.tv/ ABOUT DARREN DOUGLAS & REGSEARCHAs an experienced leader with over two decades in regulatory compliance, I have witnessed firsthand the complexities businesses face in navigating evolving regulations. As the CEO and Founder of Regsearch AI, I am dedicated to reshaping the landscape of compliance by merging robust regulatory expertise with cutting-edge AI technology.At Regsearch, our mission is clear: to revolutionise how organisations approach regulatory compliance. Our AI agents are designed to streamline processes, bolster compliance integrity, and minimize operational costs while simplifying regulatory requirements. By harnessing advanced AI tools, we empower businesses to achieve compliance with confidence, allowing them to refocus energy on growth and innovation.Driven by my passion for responsible AI, I believe that technology should not only enhance efficiency but also align with ethical standards and transparency. I am committed to fostering conversations on responsible AI deployment and sharing insights that help organizations integrate compliance seamlessly into their AI strategies. ABOUT THE INVESTOLOGY PODCAST A podcast that helps you think about critical topics and principles of investment management.Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers. ABOUT GEORGE ALIFERIS (HOST) George Aliferis on Linkedin: https://www.linkedin.com/in/george-aliferis-caia-60078312/ Ex-financial markets sales: Natixis, Deutsche Bank, Invesco (Source), covering alternative investments, derivatives, ETFs Founder of Orama a podcast and video agency working with the finance industry CAIA Charterholder (Chartered Alternative Investment Analyst Association) Masters from HEC, Paris & UTDT, Buenos Aires Greek, French, UK-based (Brighton); Likes to swim, ski, surf; Dad x2 TIMESTAMPS00:00 Introduction to Regulation Technology at Finovate Europe00:39 Meet Darren Douglas - RegSearch AI02:11 Challenges in Regulatory Compliance03:18 How RegsSearch AI Works04:20 The Future of Compliance and AI Agents06:40 Trust and Transparency in AI08:10 The Value of AI in Different Industries10:48 Conclusion and Future Episodes at Finovate…

INVESTOLOGY: re-think investment management

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Quant Trading: from Data to Alpha | Marco Aboav, Etna Research: Marco Aboav - Etna Research 53:38

25 days ago53:38

53:38

An exploration of how quant hedge funds strategically source and use data to fulfil their ultimate goal of alpha generation. Marco Aboav, ex-hedge fund manager and CEO of Etna Research unveils how the most sophisticated asset managers build a sustainable trading advantage. USEFUL LINKS Etna Research: https://www.etnaresearch.com/ Marco on Linkedin: https://www.linkedin.com/in/marco-jean-aboav/ Watch the podcast on YouTube: https://www.youtube.com/@investology_podcast📩 George's Investment Management Newsletter: https://bit.ly/3AxnyTY (Free) 🎧 Audio Podcast: https://pod.link/1511595070 This episode was produced by Orama - a video and podcast studio for B2B Brands: https://orama.tv/ KEY CONCEPTS data & alpha the intersection of technology and investment the importance of adaptive strategies the role of hedge funds in the financial ecosystem passive, active & quantitative investing ABOUT THE INVESTOLOGY PODCAST A podcast that helps you think about critical topics and principles of investment management.Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers. ABOUT ETNA RESEARCH At Etna Research, we help global institutional clients and asset owners harness frontier AI—so they can push the boundaries of quantitative investing without drowning in complexity or spiralling costs. How Etna drives value for you: - Stay ahead in quantitative investing with advanced AI solutions built for real-world capital market challenges. - Cut AI, data, and computing costs by at least 50%, reducing overhead and freeing resources for strategic investments. - Accelerate innovation by 100x, delivering results faster than any internal alternative. Currently focused on quantitative investment strategy tech in macro asset classes, expanding into equity, credit and crypto soon. ABOUT GEORGE ALIFERIS George Aliferis on Linkedin: https://www.linkedin.com/in/george-aliferis-caia-60078312/ Ex-financial markets sales: Natixis, Deutsche Bank, Invesco (Source), covering alternative investments, derivatives, ETFs Founder of Orama a podcast and video agency working with the finance industry CAIA Charterholder (Chartered Alternative Investment Analyst Association) Masters from HEC, Paris & UTDT, Buenos Aires Greek, French, UK-based (Brighton); Likes to swim, ski, surf; Dad x2 TIMESTAMPS 00:00 A conversation that reframed many investment management concepts00:49 Marco Aboav's Professional Journey: Quant, Hedge Fund, Entrepreneur04:55 Understanding Hedge Fund Dynamics08:38 Data & Research for Hedge Funds13:51 Challenges in Data Acquisition26:52 Building a Quant Pod30:13 Understanding Alpha generation32:29 Accelerating Alpha Discovery39:47 Adaptability in alpah strategies44:12 Future of Hedge Funds & Active Management53:56 Closing Thoughts and Podcast Information…

INVESTOLOGY: re-think investment management

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The Tech Connecting Pensions to the Assets they Need | Hugh Cutler, Mobius Life 42:08

6 weeks ago42:08

42:08

We explore the tech that improves pension outcomes behind the curtain with Hugh Cutler, CCO of Mobius Life. In this episode, Hugh shares his journey from actuary to investment management, the role of technology and regulation in pensions, and how Mobius Life is making efficient, cost-effective, and diversified investment solutions accessible for better retirement outcomes. We also explore the “hardest challenge in investing": decumulation, and the future of financial technology in providing tailored investment advice. USEFUL LINKS Mobius Life: https://www.mobiuslife.co.uk/ Hugh Cutler on Linkedin: https://www.linkedin.com/in/hugh-cutler-b5b1b15/ George Aliferis on Linkedin: https://www.linkedin.com/in/george-aliferis-caia-60078312/ This episode was produced by Orama - a video and podcast studio for B2B Brands: https://orama.tv/ KEY TOPICS DISCUSSED Open Architecture Platform Sequencing Decumulation Challenge Private Asset Integration Education about Pension Technological Advancements in Pensions Highly experienced investment management professional, with 25 years of leadership in global distribution, solutions and executive roles. I am passionate about delivering excellent outcomes for clients by solving their specific investment challenges, and in the role that investments can play in shaping society and the environment for the better, After qualification as an actuary focused on pensions, I have held senior positions in distribution and solutions roles for leading companies including BGI (now part of Blackrock), LGIM and AMG. ABOUT MOBIUS The market-leading institutional investment platform, providing investment administration services and tailored investment solutions to trustees of institutional pension schemes, advisers, master trusts, asset managers and life insurance companies. What sets us apart: Independent; Bespoke solutions; Trusted partner; An ideas culture ABOUT THE INVESTOLOGY PODCAST A podcast that helps you think about critical topics and principles of investment management. Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers. Produced by https://orama.tv/ - a podcast & video studio for B2B Brands ABOUT GEORGE ALIFERIS Ex-financial markets sales: Natixis, Deutsche Bank, Invesco (Source), covering alternative investments, derivatives, ETFs Founder of [Orama a podcast and video agency working with the finserv industry CAIA Charterholder (Chartered Alternative Investment Analyst Association) Masters from HEC, Paris & UTDT, Buenos Aires Greek, French, UK-based (Brighton); Likes to swim, ski, surf TIMESTAMPS (00:00) Connecting Pensions' Billions to the Assets they Need | Hugh Cutler, Mobius Life (00:42 Understanding the Role of an Actuary & Hugh's Career Journey (02:49) Mobius Life and Pension Funds (05:04) The Pension Ecosystem (14:39) Technology in Pension Management (17:37) Challenges and Opportunities in the Pension Industry (21:57) Decumulation and Sequencing Risk (34:53) The Role of Private Assets in Pensions (40:19) Final Thoughts: Shiller, Finance and the good society…

INVESTOLOGY: re-think investment management

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Understanding the Pension System: an Investment Management Perspective- with Alyshia Harrington-Clark from the Pension and Lifetime Savings Association 46:13

7 weeks ago46:13

46:13

I will updat this laterExplore the evolving nature of the pension system, the impact of demographic changes, and the role of technology in making pension management more efficient. Discover how the pension landscape in the UK is adapting to new challenges and opportunities, and what the future might hold for workers and retirees alike. With Alyshia Harrington-Clark Head of DC, Master Trusts and Lifetime Savings, PLSA (Pension and Lifetime Savings Association) USEFUL LINKS About the PLSA : https://www.plsa.co.uk/ Check out the @PlsaUk on YouTube 📩 George's Investment Management Newsletter: https://bit.ly/3AxnyTY (Free) 🎧 Audio Podcast: https://pod.link/1511595070 ABOUT ALYSHIA HARRINGTON-CLARK Alyshia became Head of Team in early 2021, and is responsible for leading on a broad range of the PLSA’s DC, master trust and lifetime savings policy and advocacy. Alyshia originally joined the PLSA in October 2018 as secondee Policy Lead for the Cost Transparency Initiative and became the Policy Lead for DC at the beginning of 2020. She came to the PLSA from Wholesale & Investments Competition at the Financial Conduct Authority (FCA) where she worked on both the Asset Management Market Study and the Wholesale Sector Competition Review. In 2015/16 she was a seconded expert to the European Securities and Markets Authority (ESMA) in Paris, where she worked on financial innovation and MiFID II. Previous roles are as a regulatory conduct supervisor of investment management firms and investigator of criminal and civil market abuse cases. Alyshia's degree is in Philosophy and the Political Economy (University of Exeter). Alyshia is a PRINCE2 Practitioner and has held Chartered MSCI status with the Chartered Institute of Securities and Investments since 2016. ABOUT THE INVESTOLOGY PODCAST A podcast that helps you think about critical topics and principles of investment management. Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers. Produce by https://orama.tv/ - a podcast & video studio for B2B Brands ABOUT GEORGE ALIFERIS Ex-financial markets sales: Natixis, Deutsche Bank, Invesco (Source), covering alternative investments, derivatives, ETFs Founder of [Orama a podcast and video agency working with the finserv industry CAIA Charterholder (Chartered Alternative Investment Analyst Association) Masters from HEC, Paris & UTDT, Buenos Aires Greek, French, UK-based (Brighton); Likes to swim, ski, surf George on Linkedin: https://www.linkedin.com/in/george-aliferis-caia-60078312/ TOOLS What I use for editing, DESCRIPT: https://get.descript.com/1ldhm44pyr0p What I use for multi-currency banking and payments, WISE: https://wise.prf.hn/l/w9gQYA9 TIMESTAMPS (00:00) Understand the Pension System an Investment Management Perspective- with Alyshia Harrington Clark fr (01:53) Alicia's Role and Background (04:20) Exploring Pension Concepts (12:39) Popular Culture (17:45) Global Trends (21:33) The Future of Pensions (28:02) The pension reforms (37:29) Technological Solutions for Pensions (43:48) Conclusion and Final Thoughts…

INVESTOLOGY: re-think investment management

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The End of ESG - with Alex Edmans (author of Grow The Pie & May Contain Lies) 8:09

9 weeks ago8:09

8:09

Welcome to the podcast that’s now called Investology. This new name reflects the changes that I felet were needed for 2025 onwards. A new year that feels like a new era in the investment world based on the news this January probably not the era we want, but we can learn to adapt and thrive. Many investment podcasts, that talk about macro, micro or predictions. This is not one of them. Here we think about investment management and what goes on behind the curtain of financial markets. With my guests, we will talk about tech and innovation but also the history, the narratives, the principles. And there’s no better guest to start this year with than Alex Edmans, a professor of finance author and expert in how we use and misuse data and evidence. We discuss his excellent book May contain lies in the previous episode. Alex is also a sustainability specialist and author of grow the pie How Great Companies Deliver Both Purpose and Profit and also wrote a recent paper called The End of ESG and they will be the subject of this conversation that helped me think about sustainable investind and I hope it helps you too. I wish you a great year in your personal, professional and your invetsing life! ABSTRACT from The End of ESG by Alex Edmans ESG is both extremely important and nothing special. It’s extremely important because it’s critical to long-term value, and so any academic or practitioner should take it seriously, not just those with “ESG” in their research interests or job title. Thus, ESG doesn’t need a specialized term, as that implies it’s niche – considering long-term factors isn’t ESG investing; it’s investing. It’s nothing special since it’s no better or worse than other intangible assets that create long-term financial and social returns, such as management quality, corporate culture, and innovative capability. Companies shouldn’t be praised more for improving their ESG performance than these other intangibles; investor engagement on ESG factors shouldn’t be put on a pedestal compared to engagement on other value drivers. We want great companies, not just companies that are great at ESG. ABOUT ALEX EDMANS Alex's website: https://alexedmans.com/ Alex Edmans is Professor of Finance at London Business School. His TED talk ‘What to Trust in a Post-Truth World’ has been viewed 2 million times and he has spoken at Davos and in the UK House of Commons. In 2013 he was awarded tenure at The Wharton School and in 2021 he was named MBA Professor of the Year by Poets and Quants. Edmans writes regularly for the Wall Street Journal, Financial Times and Harvard Business Review. His first book, Grow the Pie, was a Financial Times Book of the Year. He is a Fellow of the Academy of Social Sciences. USEFUL LINKS 📩 Newsletter: https://bit.ly/3AxnyTY 🎧 Audio Version of the Podcast: https://pod.link/1511595070 TOOLS (affiliate links) What I use for editing, DESCRIPT: https://get.descript.com/1ldhm44pyr0p What I use for multi-currency banking and payments, WISE: https://wise.prf.hn/l/w9gQYA9 TIMESTAMPS (00:00) Introduction and Initial Reactions (01:44) Questioning ESG and Diversity Metrics (Based on a clip from HBO's Industry) (02:40) The End of ESG: A New Perspective (03:21) Understanding ESG Metrics and Qualitative Aspects (04:37) The Subjectivity and Potential of ESG (05:39) Conclusion and Call to Action…

INVESTOLOGY: re-think investment management

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Investing in a Post Truth World - with Alex Edmans (Author of May Contain Lies) 14:27

11 weeks ago14:27

14:27

How stories, statistics and studies exploit our biases as investors — and what we can do about it. Tune in for an enlightening discussion with Alex Edmans, on enhancing your critical thinking skills applied to investing. Alex's website: https://maycontainlies.com/ Alex Edmans is Professor of Finance at London Business School. His TED talk ‘What to Trust in a Post-Truth World’ has been viewed 2 million times and he has spoken at Davos and in the UK House of Commons. In 2013 he was awarded tenure at The Wharton School and in 2021 he was named MBA Professor of the Year by Poets and Quants. Edmans writes regularly for the Wall Street Journal, Financial Times and Harvard Business Review. His first book, Grow the Pie, was a Financial Times Book of the Year. He is a Fellow of the Academy of Social Sciences. GO FURTHER 📩 My Investment Management Newsletter: https://bit.ly/3AxnyTY (Free) 🎧 Audio Podcast: https://pod.link/1511595070 TOOLS What I use for editing, DESCRIPT: https://get.descript.com/1ldhm44pyr0p What I use for multi-currency banking and payments, WISE: https://wise.prf.hn/l/w9gQYA9 TIMESTAMPS (00:00) Alex Edmans, professor, specialist in misuse of data and evidence & author of May Contain Lies (03:39) Combating Misinformation: the enemy is within (06:20) Empowering Investors Against Misinformation (08:30) The importance of narratives in investing and academia (13:33) Personal conclusion from George, beyond investing…

INVESTOLOGY: re-think investment management

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Pension Reform Dreams & Investment Realities (recorded prior to the UK Chancellor Mansion House Speech announcing a UK pension overhaul) 9:18

17 weeks ago9:18

9:18

We dive into the intricate world of pension funds, featuring an insightful discussion with Alishya Hartington Clark, a DC (Defined Contribution) specialist from the Pension and Lifetime Savings Association. The conversation, recorded on November 11th, precedes a major announcement by the new Chancellor regarding significant pension reforms. We explore why a government could push towards UK alternative assets, the inherent risks and benefits, and the ongoing dialogue between the government and the pension industry. TO GO FURTHER Challenge the status quo, cut through the hype, and debunk misleading marketing claims. 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest ($14.90) 📩 Newsletter: https://bit.ly/3AxnyTY (Free) AFFILIATE LINKS What I use for editing, DESCRIPT: https://get.descript.com/1ldhm44pyr0p What I use for multi-currency banking and payments, WISE: https://wise.prf.hn/l/w9gQYA9 This is an extract from the conversation between Alyshia Harrington-Clark and George Aliferis, CAIA that will be published in January 2025. 🎧Listen to the full podcast episodes: https://pod.link/1511595070Produced by https://orama.tv Timestamps 00:00 Introduction to UK Pension Funds 00:22 Significant Pension Reforms Announced before the podcast recording 01:33 Government's Focus on UK Alternative Assets 02:34 Challenges and Risks in Pension Investments 03:33 Balancing Government Goals and Pension Needs 08:44 The Role of Individual Decisions in Pensions…

INVESTOLOGY: re-think investment management

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Every company CAN become a fintech company | Lars Markull - Embedded Finance Review 32:29

19 weeks ago32:29

32:29

In this rebirth of the FinTech Files podcast, George Aliferis speaks to Lars Markull about embedded finance, discussing its progression, challenges, and potential future developments. The conversation covers notable examples such as Shopify and Starbucks which show successful integration of financial services to enhance customer value. Lars touches on the importance of selecting the right partners, the nuances of different financial products, and the potential for embedded finance in sectors like B2B, B2C, and beyond. The discussion also explores the idea of 'fantasy fintech' and how non-financial companies can creatively integrate financial services to drive revenue and customer value. More about Lars Markull & Embedded Finance Review Follow Lars on Linkedin: https://www.linkedin.com/in/larsmarkull/ Subscribe to Embedded Finance Review (newsletter, podcast, events): https://www.embeddedfinancereview.com/ Watch his YouTube channel @LarsMarkull The slides are from this presentation: https://www.embeddedfinancereview.com/p/how-to-win-in-embedded-finance-my-29-slide-intro-guide TO GO FURTHER Challenge the status quo, cut through the hype, and debunk misleading marketing claims. 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest ($14.90) 📩 Newsletter: https://bit.ly/3AxnyTY (Free) George on Linkedin: https://www.linkedin.com/in/georges-aliferis-caia-60078312/ RELATED EPISODES Previous episode with Synapse https://pod.link/1511595070/episode/5fda76e9a5631b2789691d36c42d9a72 Previous episode with Matt Mouro https://pod.link/1511595070/episode/7a1bd15bcacc10df948583ca5cc7d1bc Previous episode with DriveWealth (embedded stock brokerage) https://pod.link/1511595070/episode/abcaa0cfbad2f9e5454330f5083476cf Previous episode with ZeroHash (embedded crypto) https://pod.link/1511595070/episode/bfb9bd45463a862d59e595f52de6f379Discussion with Lars about his content strategy: https://youtu.be/xcz896wMWLM Useful links for podcasters: Receive podcasting tips (for businesses) in your inbox: https://oramatv.substack.com/ Get professional help with your podcast: https://orama.tv/ What I use for editing: Descript https://get.descript.com/1ldhm44pyr0p TIMESTAMPS 00:00 Every Company will be a Fintech - Angela Strange from a16z in 2020 00:27 Defining Embedded Finance 03:16 Matt Mouro on embedded finance and analogies vs nuance as an investor and operator 04:25 Shopify: A Role Model in Embedded Finance 06:48 Starbucks: A Case Study in Embedded Finance 08:47 Implementing Embedded Finance: Challenges and Strategies 13:51 Fantasy FinTech: Imagining New Possibilities 16:12 Exploring Payment Integration 16:36 Investment and Insurance Products 17:01 Embedded Investing Opportunities 17:46 Challenges in Embedded Finance 18:30 Potential for Employer-Employee Financial Tools 19:19 Conclusion and Final Thoughts: Orama to become a Fintech? A podcast produced by Orama https://orama.tv/…

INVESTOLOGY: re-think investment management

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The Strong Returns of Financial History - with Author Mark J. Higgins | Investing in US Financial History 42:18

40 weeks ago42:18

42:18

George Aliferis and Mark J. Higgins discuss the evolution of the U.S. financial system over the past 230 years, from Alexander Hamilton's foundational contributions to RoaringKitty's Gamestop disruption. They explore the notion of financial progress, the cycles of regulation, what's missing from financial education and advice and how investors can profit from history. Order Investing in US Financial History: https://www.amazon.com/Investing-U-S-Financial-History-Understanding/ TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Newsletter on Democratization of Alternatives: https://bit.ly/3AxnyTY 🎧Listen to the podcast: https://pod.link/1511595070 AFFILIATE LINK What I use for editing DESCRIPT: https://get.descript.com/1ldhm44pyr0p TIMESTAMPS 00:00 Introduction: What's the point in studying financial history? 01:46 The Legacy of Alexander Hamilton 04:00 The Impact of Hamilton's Death and Early Central Banking 05:35 Crypto and the Importance of Central Banking 07:31 Regulation and Market Dynamics 07:31 Regulation and Market Manipulation 11:52 A quote from Eric BALCHUNAS, The Bogle Effect 12:14 Private Assets and Market Cycles 14:52 A quote from Athanasios PSAROFAGIS, Bloomberg ETF 16:39 A quote from Edward CHANCELLOR, The Price of Time 17:03 The Role of Education in Financial Literacy 17:05 A quote from Bill KELLY, CAIA 21:36 Simplifying Portfolios: Mark Higgins's Personal Journey 26:47 The Value of Historical Perspective in Financial Markets 30:45 A quote from Dan DAVIES, Lying for Money 33:38 The Importance of Long-Term Investing and Education…

INVESTOLOGY: re-think investment management

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The Greatest Example of Fund Marketing: Blackstone's BREIT | George Aliferis, CAIA 19:22

43 weeks ago19:22

19:22

The Real Story Behind Blackstone's Real Estate Income Trust (BREIT) I (George) am doing a deep dive into the history and marketing of Blackstone's Real Estate Income Trust (BREIT), the potential financial reckonings and the broader marketing implications for the democratization of alternative assets. I'm revisiting a previous episode with Phil Bak following recent press about the fund and a revelation: the fund doesn't make FINANCIAL sense - it makes MARKETING sense! REFERENCES Business Insider: https://www.businessinsider.com/blackstone-breit-commercial-real-estate-fund-misled-investors-private-equity-2024-5 New York Times: https://www.nytimes.com/2024/05/07/business/dealbook/blackstone-breit-fund-debate.html ▶️ Full conversation with Phil Bak: https://www.youtube.com/watch?v=7oQKNcov-7I ▶️ BREIT short video: https://www.youtube.com/watch?v=OBzk9HnpH2o TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Newsletter on Democratization of Alternatives: https://bit.ly/3AxnyTY Listen to the podcast: https://pod.link/1511595070 AFFILIATE LINK What I use for editing: https://get.descript.com/1ldhm44pyr0p ✨ **Subscribe for more in-depth analyses and industry insights!** ✨ #Blackstone #BREIT #RealEstate #PrivateEquity TIMESTAMPS 0:00 BREIT full 00:24 BREIT's significance beyond its size and profitability 02:22 Interview with Phil Bak in 2023 02:36 The issues and outlook for BREIT 04:00 BREIT and the extraordinary University of California deal 04:59 BREIT's liquidity issue 07:42 Zooming on BREIT's NAV 09:10 Tackling misconceptions about liquidity 11:15 Are public valuations stupid? 13:01 BREIT doesn't make financial sense 14:57 BREIT is about marketing and user experience 16:43 The missing reference: Netflix's House of Cards…

INVESTOLOGY: re-think investment management

1
Private Equity: Everything you thought you knew about it is probably wrong | Ludovic Phalippou - Oxford University 41:43

1 year ago41:43

41:43

Discover the untold truths of the private equity world in this eye-opening episode, featuring Ludovic Phalippou, a renowned professor of financial economics at Oxford University Saïd Business School. Unpack the complex realities of private equity, from misconceptions about past performance to the intricacies of fee structures. Ludovic, known as the "bete noire" of private equity, alongside host George Aliferis, delves deep into the industry's practices, educational challenges, and the urgent need for clearer regulation. On YouTube: https://youtu.be/WKSWrjssSAM REFERENCES ▶️The Book: Private Equity Laid Bare https://www.amazon.co.uk/gp/product/B08T7D4ZQ2?ie=UTF8&psc=1&linkCode=sl1&tag=pelaidbare21-21&linkId=5a158a6c37f97026d9c4da65bfd68a8d&language=en_GB&ref_=as_li_ss_tl ▶️The Website: https://pelaidbare.com/ ▶️ Follow Ludovic on Linkedin: https://www.linkedin.com/in/ludovic-phalippou-5488b147/ ABOUT THE AUTHOR Ludovic specialises in private equity and asset management. Ludovic is the author of the bestseller 'Private Equity Laid Bare', and professor of Financial Economics at Saïd Business School, University of Oxford. He specialises in private market investments with a focus on fee tracking, interest alignment, and return benchmarking. Named as one of 'The 40 Most Outstanding Business School Profs Under 40 in the World' in 2014, and as one of the 20 most influential individuals in private equity in Europe in 2016, Ludovic has strong links with senior practitioners in the industry, routinely speaks at practitioner conferences, and appears in the media internationally. Ludovic’s research papers have been widely cited in academia, in the press, and in regulatory circles. Ludovic's paper 'How alternative are private markets?' is one of three 2018 recipients of the Jack Treynor Prize, sponsored by the Q-Group. The Treynor Prize recognises superior academic working papers with potential applications in the fields of investment management and financial markets. Ludovic achieved a degree in Economics from Toulouse School of Economics; a Master in Economics and a Master in Mathematical Finance both from the University of Southern California; and a PhD in Finance from INSEAD. TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Join the newsletter: https://bit.ly/3AxnyTY AFFILIATE LINK What I use for editing: https://get.descript.com/1ldhm44pyr0p TIMESTAMP 00:00 Teaser 00:26 Introducing Ludovic Phalippou: The Private Equity "Bete Noire"? 01:38 Is it Barbarians at the Gate 03:45 The Complex World of Private Equity Returns 04:54 Education in Private Equity: Bridging the Gap 07:02 The Misleading Metrics of Private Equity Performance 12:49 The Challenge of Teaching Private Equity Authentically 16:11 The Importance of Critical Thinking in Private Equity Education 20:13 Advocating for a Balanced Perspective in Private Equity 22:03 Unpacking the Realities of Private Equity 22:51 The Misconceptions and Myths of Private Equity Performance 23:49 The Academic Challenge in Private Equity Education 24:38 The Impact of Practitioners in Academia on Private Equity Understanding 25:16 The Need for a Shift in Private Equity Education 26:58 Personal Anecdotes Highlighting the Importance of Education in Private Equity 30:24 Misleading Financial Representations and the Need for Regulation 34:38 The Complex World of Private Equity Fees Explained 39:54 Concluding Thoughts on the Future of Private Equity Education…

INVESTOLOGY: re-think investment management

1
The Bogle Effect: ETFs, Passive Investing & New Era of Investing - Eric Balchunas 46:23

1 year ago46:23

46:23

We uncover the massive impact Jack Bogle, the titan of the investing industry, had in reshaping the investing landscapes for the better, with Eric Balchunas author of the book 'The Bogle Effect.' From revolutionizing low-cost index investing, the birth of the RIA movement, to setting the stage for the future of asset management – learn how Bogle has truly changed the game and continues to influence trends today. Watch it on YouTube: https://pod.link/1511595070 REFERENCES ▶️The book: The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillionshttps://www.amazon.com/Bogle-Effect-Vanguard-Investors-Trillions/dp/1637740719 ▶️ Follow Eric on Twitter: https://twitter.com/EricBalchunas ABOUT THE AUTHOR ERIC BALCHUNAS is a senior ETF analyst at Bloomberg, where he has over a decade of experience working with ETF data, designing new functions and writing ETF research for the Bloomberg terminal. He also writes articles, feature stories and blog posts on ETFs for Bloomberg.com and appears each week on Bloomberg TV and Radio to discuss ETFs. You can find his articles here: http://www.bloomberg.com/authors/ADUgYkp2OlE/eric-balchunas TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Join the newsletter: https://bit.ly/3AxnyTY AFFILIATE LINK What I use for editing: https://get.descript.com/1ldhm44pyr0p TIMESTAMPS 0:00 Eric Balchunas 00:38 Who is Jack Bogle? 01:12 The Bogle Effect and its Impact on the Industry 01:28 The Spread of Passive Investment in Europe 02:50 The Story Behind the Book 'The Bogle Effect' 04:27 The Trillions Saved by Bogle's Approach 06:30 The Impact of Vanguard and Bogle on Other Funds 07:25 Bogle's Vision and Legacy 11:04 The Contrast Between Bogle and Wall Street 14:47 The Rise of Index Funds and the Role of Vanguard 15:44 The Long Road to Low-Cost Index Funds 20:10 The Long Road of Investment 20:54 The Impact of Bogle's Persistence 21:20 The Evolution of Investment Culture 21:43 The Challenges of Changing the System 22:48 The Birth of the RIA Movement 24:12 The Shift in Advisor Payment Models 26:03 The Influence of Behavior and Philosophy 26:25 The Power of Staying the Course 26:55 The Concept of 'Enough' and its Impact 32:08 The Vanguard Brand and its Impact 37:53 The Future of Asset Management 40:35 The Legacy of Bogle…

INVESTOLOGY: re-think investment management

1
The Quant Revolution: Jim Simons & Renaissance Technologies with the Author of "The Man Who Solved Wall Street" - Greg Zuckerman, WSJ 38:20

1 year ago38:20

38:20

A conversation with Gregory Zuckerman, an award-winning writer for The Wall Street Journal and author of "The Man Who Solved Wall Street". We dive deep into the world of quant investing, exploring the journey of renowned mathematician, investor, and Founder of Renaissance Technologies, Jim Simons, together with his extraordinary team. Watch it on YouTube https://youtu.be/_5JkBUeLOLQ REFERENCES ▶️The book: https://www.waterstones.com/book/the-man-who-solved-the-market/gregory-zuckerman/9780241309735 ▶️Greg's website: https://www.gregoryzuckerman.com/ ▶️ Follow Greg on Twitter: https://twitter.com/gzuckerman? TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Join the newsletter: https://bit.ly/3AxnyTY TIMESTAMPS 00:00 Introducing Greg Zuckerman 02:19 Jim Simons: The Man Behind the Quant Revolution 04:00 Jim Simons' Management Skills 05:19 The Uniqueness of Jim Simons' Investment Approach 06:35 The Importance of Limiting Fund Size 09:37 The Human Element in Quantitative Investing 14:56 The Role of Data in Quantitative Investing 19:09 The Current State of Quantitative Investing 19:23 A Definition of Quants from Billions 22:26 Is AI the Future of Quantitative Investing or just a Variation 29:41 Beyond Investing The Importance of Systematizing Decision-Making 37:11 Conclusion: An Amazing Book for Everyone Interested in Quant, But Also Extraordinary Human Achievements…

INVESTOLOGY: re-think investment management

1
Private Equity: Debunking the Myths | Trym Riksen - Gabler 32:53

1 year ago32:53

32:53

George Aliferis sits down with Trym Riksen, Head of Portfolio Management at Gabler, to debunk the myths surrounding private equity. They dive into the narrative that private equity offers high returns with low volatility and discuss the reality behind these claims. Trym provides insights into the limitations of private equity data, and the challenges of comparing it to listed assets They also explore the influence of marketing and the democratization of private equity. An eye-opening discussion that separates fact from fiction in the world of private equity. Watch it on YouTube: https://youtu.be/a0Ag6D0erP0 LINKS ▶️Trym on Linkedin: https://www.linkedin.com/in/trym-riksen-6580952/ ▶️The CEM Benchmarks: https://www.cembenchmarking.com/ ▶️Ludovic Phalippou's book: https://www.amazon.co.uk/Private-Equity-Laid-Ludovic-Phalippou/dp/B08T7D4ZQ2 ▶️Meb Faber study on CalPers: https://mebfaber.com/2023/11/08/should-calpers-fire-everyone-and-just-buy-some-etfs/ ▶️Gabler: https://gabler.no/ ▶️Spreadsheet with an example of IRR:https://docs.google.com/spreadsheets/d/1qS-CeTR4V5LdC4ti51IOFIBU1sc-adeG2Zf-i_X4RRU/edit?usp=sharing TIMESTAMPS 00:00 Private Equity Marketing with Trym Riksen 00:55 Discussion on Blackstone's Holiday Video 01:49 The Founding Myth: The Yale Endowment returns 03:15 The misleading nature of Private Equity return figures 06:23 The reality of Private Equity volatility 14:00 The truth about Private Equity diversification 17:11 Private Equity's power of influence 24:48 The role of advisors in Private Equity 29:21 Thoughts on the democratization of Private Equity 31:36 Conclusion and final thoughts IMPORTANT NOTE: There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.…

INVESTOLOGY: re-think investment management

1
Masterworks and the Democratization of Art Investing: Is The Picture Too Perfect? | George Aliferis, CAIA 13:25

1 year ago13:25

13:25

Ever wondered what it would be like to own a fraction of a masterpiece artwork? I've delved into the world of art investment and explored the intriguing proposition offered by Masterworks. They claim to outperform the market and have an impressive track record. Find out if it's too good to be true. 📽 Watch it on YouTube: http://bit.ly/2FQSunJ 📩 Explore Alternative Investing. Join the newsletter: https://bit.ly/3AxnyTY 🧑🏽‍🎓 Check free and paid courses on Hedge Funds, Alternative Assets & Defi https://bit.ly/investorama_courses CHAPTERS 00:00 Introduction to Art Ownership and Masterworks 01:59 Masterworks' Strategy and Approach 04:38 Comparing Masterworks to Other Asset Classes 06:05 Understanding Masterworks' Performance 07:25 Dispersion and Portfolio Considerations 08:43 Long-term Considerations and Risks 10:38 Masterworks' Marketing and Influence 11:00 Thoughts on the Democratization of Alternative Assets…

INVESTOLOGY: re-think investment management

1
[Due Diligence] on Limitless (2011) : Why Limitless is really about Fund Management | George Aliferis, CAIA 10:24

1 year ago10:24

10:24

Limitless: Beyond the mind-blowing investment results from Eddie Morra (Bradley Cooper) when he's on NZT, could he manage a fund that we’d invest in? CONNECT 📽 Subscribe on YouTube: http://bit.ly/2FQSunJ (and turn the notifications on) 📩 Explore the future of investing. Join the newsletter: https://bit.ly/3AxnyTY 🧑🏽‍🎓 Check the courses on Hedge Funds, Alternative Assets & Defi https://bit.ly/investorama_courses KEY FINANCIAL CONCEPTS 1. Quantitative Trading: This refers to using algorithms and quantitative analysis to make trading decisions based on market signals. 2. High-Frequency Trading: It is a form of quantitative trading that involves executing trades at very high speeds, taking advantage of small price discrepancies in the market. 3. Fundamental Research: This involves conducting an in-depth analysis of a company's financials, industry trends, and other factors to determine its value and potential for investment. 4. Behavioral Finance: This field studies how investor psychology and emotions impact financial decisions and market behaviour. PUBLIC FIGURES 1. Jim Simons: A mathematician who founded Renaissance Technologies, a hedge fund known for its use of quantitative trading strategies. 2. Robert Shiller: A Nobel Prize-winning economist known for his work on behavioural finance and the impact of narratives on market behaviour. 3. ARK Fund Management: Tech-focused fund management company headed by Cathie Wood ABOUT THE MOVIE Limitless is a 2011 American science-fiction thriller film directed by Neil Burger, written by Leslie Dixon and featuring Bradley Cooper. Eddie, an aspiring writer, tries a new drug that allows him to make the most of his cognitive abilities. TIMESTAMPS 00:00 Introduction to Limitless and Eddie Morra 00:20 Eddie's Transformation and Newfound Abilities 00:42 Eddie's Investment Strategy 03:24 The Power of Eddie's Brain and Its Implications 04:03 Questioning Eddie's Strategy and Motives 04:59 Investing in Eddie Morra: A Risky Proposition? 05:34 Real-Life Equivalent of Eddie's Strategy: ARK Fund Management 06:12 Investing in the Fund Management Company, Not the Fund 06:17 Conclusion and Invitation for Discussion…

INVESTOLOGY: re-think investment management

1
[Due Diligence} on the Wall Street (1987) movie: Could you invest in the 2023 version of Gordon Gekko? | George Aliferis, CAIA 10:33

1 year ago10:33

10:33

An assessment of the character Gordon Gekko from the movie Wall Street, comparing him to real-world financial figures like Steve Cohen as an investment opportunity while discussing the nuances of insider trading and how the landscape of Wall Street has evolved since the 1980s. 📽 Subscribe on YouTube: http://bit.ly/2FQSunJ (and turn the notifications on) 📩 Explore the future of investing. Join the newsletter : https://bit.ly/3AxnyTY 🧑🏽‍🎓 Check the courses on Hedge Funds, Alternative Assets & Defi https://bit.ly/investorama_courses All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, george@orama.tv, and we can sort it out. ABOUT WALL STREET To impress his idol, Gordon Gekko, Bud Fox, a junior stockbroker, engages in insider trading and quickly rises the ladder at Wall Street. However, he soon finds his life falling apart. Directed by Oliver Stone, starring Michael Douglas and Charlie Sheen TIMESTAMP 00:00 Introduction to Wall Street (1987) and Gordon Gekko 00:51 The Villainous Nature of Gordon Gekko 01:05 Investability of Gordon Gekko 02:31 Gekko's Legal Troubles and Insider Trading 04:24 Gekko's Skills and Realism of the Character 05:42 The 2023 Version of Gordon Gekko 05:57 Steve Cohen: A Real-Life Gordon Gekko? 07:25 The Evolution of Steve Cohen and its Implications for Gekko 08:42 Conclusion: The Potential for a Reformed Gekko…

INVESTOLOGY: re-think investment management

1
[Due Diligence] on Fair Play (2023, Netflix): Should you invest in Emily's hedge fund? | George Aliferis, CAIA 8:59

1 year ago8:59

8:59

We conduct a Due Diligence on One Crest Capital, the hedge fund where star portfolio manager Emily, works in Fair Play, streaming on Netflix. Her relationship is collapsing, but can her investments remain solid? 📽 Subscribe on YouTube: http://bit.ly/2FQSunJ (and turn the notifications on) 📩 Join the newsletter: https://bit.ly/3AxnyTY 🧑🏽‍🎓 Check the Alternative Investment Courses https://bit.ly/investorama_courses ABOUT FAIR PLAY An unexpected promotion at a cutthroat hedge fund pushes a newly engaged couple's relationship to the brink. https://www.netflix.com/title/81674326 All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, george@orama.tv, and we can sort it out.…

INVESTOLOGY: re-think investment management

1
Private Debt & The Democratization of Alternatives - Aaron Filbeck Managing Director and Head of UniFi by CAIA™ 39:57

2 years ago39:57

39:57

A conversation with Aaron Filbeck about CAIA’s new program Unifi by CAIA, why we need a course focused on Private Debt and how to democratize alternative assets the right way, through education. Aaron is Managing Director and Head of UniFi by CAIA™ Listen to InvestOrama Conversations on your favourite podcast app: https://pod.link/1511595070 USEFUL LINKS Aaron https://caia.org/contact/aaron-filbeck-caia-cfa-cfpr-cipm-fdp-co-chapter-head Unifi by CAIA https://caia.org/programs/unifi Private Debt Microcredential: https://unifi.caia.org/?_ga=2.29254777.498243206.1683717981-1667398133.1673049038#/curricula/913376cf-b25b-4fa7-a1bf-ea3555b786db QUOTES ‘ As an industry, we really try to focus on the product itself. And really tout the benefits of the product and not necessarily what the client was trying to accomplish in the portfolio. As we think about Democratization 2.0, I think we have an opportunity, especially in private markets, to think more about and start with what the client's trying to accomplish and then work our way backwards. Does the client really need this? Does it actually work to help the client achieve these different objectives? ‘ ‘There are a lot of new entrants into this market, whether it's a financial advisor, distribution, staff who are now looking at new products for the first time, that really need more of an understanding of how these things work at a more conceptual level. They're not gonna be an analyst or CIO, but they do need to know enough to ask the right questions, understand the jargon, and understand how these different strategies work.’ 'When you look at alternatives broadly, and I think private debt's no exception, the dispersion of outcomes is very wide relative to traditional assets. Some of that is due to manager skill and their ability to deliver. But another piece of that is the style that's being pursued. Like private equity, where you've got different stages of the company's life, you've got different sector focuses. That all leads to dispersion. Private debt is the same in terms of either the strategy, the place in the capital structure, or the type of debt, like distressed debt. There are multiple approaches that you can take.' TIMESTAMPS 00:00 Teaser 00:32 Introducing Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP 01:16 About CAIA 03:04 Unifi by CAIA: bridging the knowledge gap in Alternatives 08:03 Why a course on Private Debt 10:30 The usefulness of private debt concepts for public fixed income investors 12:45 How to approach the debt market as an 'amateur' 14:06 Accessing private debt 15:08 The Paradox of venture debt 18:04 Distressed debt 19:58 Variety of debt instruments and dispersions of outcomes 21:28 The current state of Private Debt and the retreat of Banks 22:17 Discussing a private debt meme (from an FT article) 23:07 Private debt: hype vs opportunity 25:58 The rise of the semi-liquid funds 27:22 Education as a gap between marketing and small prints 28:37 Private debt in portfolio construction 33:10 How can the investment industry navigate the complexity of new asset classes 35:20 On a mission to educate investors 37:45 A renewed professionalism is needed for democratization 2.0 39:09 Conclusion ABOUT Investorama is your guide to the future of investing without the hype. In each episode, reformed investment banker and marketer George Aliferis and his guests take a deep dive into a key topic that shapes our financial future. George is the founder of Orama.tv (podcast & video company), as well as its content arm Investorama, a podcast, YouTube channel and Newsletter. https://linktr.ee/investorama If you’d like to partner with us, sponsor the podcast, or be featured as a guest, please get in touch george@orama.tv…

INVESTOLOGY: re-think investment management

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The Real Deal About REIT Investing (and what's going very wrong with Blackstone's BREIT)- Phil Bak, CEO of Armada ETFs 41:28

2 years ago41:28

41:28

Phil Bak is the CEO of Armada ETFs. Phil has been innovating in the ETF industry for over 15 years. Armada specializes in REIT ETFs, and we go on a deep dive into real estate investing, how investors can use REITS and what’s going on with the Blackstone BREIT Fund. Listen to InvestOrama on your favourite podcast app: https://pod.link/1511595070 EPISODE LINKS https://philbak.substack.com/ https://twitter.com/philbak1 https://www.armadaetfs.com/ https://www.breit.com/ QUOTES “I started looking deeper and deeper into the REIT market, and it, you know, really found some, some very interesting things that I thought nobody was talking about. And you know, specifically, the definition of what a REIT is had been expanding and things that you and I would not consider real estate. And what that means is that investors who are in traditional REIT funds, especially index-based market cap weighted funds, are getting exposure to things that they don't really know that they're getting exposure to that they might not really want.” "The correlations between the different sub-sectors of REITs are very low, meaning that they trade differently than themselves. They're different economies within the REIT world. So where within REITs would you want to be in a more difficult market environment? And for us, that answer is very clearly in the residential space because, the residential REITs are generating their income through rents paid." ABOUT BREIT “ I feel like this fund is now standing on the edge of a cliff, at a precipice, right? Not through mismanagement the opposite, right? Through their success, they are, in fact a victim of their own success. And how does that happen? Well, embedded in this fund is a lot of leverage, and they have raised a tremendous amount of assets. And they own about 120 billion worth of real estate. And they've had so much success and so many assets coming in that they've been buying all along the way, and all along at the top.“ TIME STAMPS 00:00 Intro 01:05 Phil Bak's background in product and ETFs 04:38 Real estate is a special asset - Gone with the wind 05:00 Different ways to access real estate and real assets 06:15 Introducing REITs 08:19 REIT rules 10:23 Equity REITs example of HAUS US residential REITS 15:40 REITs in a global portfolio 17:39 Hedging your home purchase with REITs? 19:39 Let's talk about Blackstone's BREIT 20:47 What's happening with private real estate 21:57 The issues and outlook for BREIT 24:32 BREIT and the extraordinary University of California deal 25:32 BREIT's liquidity issue 28:16 Zooming on BREIT's NAV 29:44 Tackling misconceptions about liquidity 32:49 Are public valuations stupid? 33:22 Financial advice from Tony Soprano 34:11 Should we worry about private assets 37:10 Fundamental questions that investors should ask themselves about private assets 37:53 Armada's merger plans 40:07 Conclusion & where to follow Phil Bak ABOUT Investorama is your guide to the future of investing without the hype. In each episode, reformed investment banker and marketer George Aliferis and his guests take a deep dive into a key topic that shapes our financial future. George is the founder of Orama.tv (podcast & video company), as well as its content arm Investorama, a podcast, YouTube channel and Newsletter. https://linktr.ee/investorama If you’d like to partner with us, sponsor the podcast, or be featured as a guest, please get in touch george@orama.tv…

INVESTOLOGY: re-think investment management

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[The Fintech Files] June Felix, CEO of IG Group - Unlocking Financial Futures through Education 31:05

2 years ago31:05

31:05

June Felix is the CEO of IG Group, the leading trading platform, and a strong advocate for financial literacy. We discuss the changing nature of retail trading with insights from IG Group and how to empower individuals to shape their own financial future. Listen to InvestOrama on your favourite podcast app: https://pod.link/1511595070 EPISODE LINKS IG Group Academy https://www.ig.com/en/learn-to-trade June Felix on Linkedin: https://www.linkedin.com/in/junefelix/ QUOTES “IG’s web traffic, our YouTube views have increased substantially over this past year, despite markets being rather depressed in terms of equity markets in general. The retail clients want to understand what's going on. This is a global trend that we see across our clients everywhere.” “Defined contribution is a wave that is going to sweep the world and has certainly already started in many parts of the world like the US or Asia. And it will be necessary in Europe as well because defined benefit programs are not sustainable.” "Based on a recent survey of our customers: 82% believe that they can find opportunities even in market downturns, and in challenging markets because they have over time developed the confidence and tools understanding to participate in the market in the right way.” TIME STAMPS 00:00 teaser 00:48 intro 01:14 June's background from chemical engineer to banking & tech 03:01 What is financial literacy 04:05 Schools and financial literacy 05:58 The financial literacy spectrum from basic maths to Black Scholes 07:06 We're no longer defined by a single source of income 08:46 Finding opportunities in challenging markets 10:14 Raising your game as an individual investor 12:16 Is there a conflict between educational and promotional content at IG? 16:41 Is trading too masculine? 18:34 UX and inclusivity 19:54 Switching to a high-rate environment 21:18 No yield hunters at IG 22:26 Discussing the disclaimer on IG trading 24:56 Regulation 28:06 Individuals need to take accountability and responsibility for their future 29:31 Career advice from June Felix ABOUT Investorama is your guide to the future of investing without the hype. In each episode, reformed investment banker and marketer George Aliferis and his guests take a deep dive into a key topic that shapes our financial future. George is the founder of Orama.tv (podcast & video company), as well as its content arm Investorama, a podcast, YouTube channel and Newsletter. https://linktr.ee/investorama If you’d like to partner with us, sponsor the podcast, or be featured as a guest, please get in touch george@orama.tv…

INVESTOLOGY: re-think investment management

1
Dan Davies - Author of Lying for Money on Credit Suisse and the 2023 Banking Failures 46:19

2 years ago46:19

46:19

Dan Davies is the author of Lying for Money and an expert on banking crises. We discuss the latest string of banking failures: Silicon Valley Bank, Credit Suisse and what that means for the financial system. EPISODE LINKS Lying for Money https://www.amazon.co.uk/Lying-Money-Legendary-Frauds-Workings-ebook/dp/B078WFT5JV Dan Davies's new substack: /backofmind.substack.com Twitter https://twitter.com/dsquareddigest QUOTES “The trouble with fraud is it's like the evil twin of the real economy. It's part of the real economy, and you can't necessarily get rid of it. And it might be that the optimal amounts of fraud to tolerate might be surprisingly high.” “It was actually Credit Suisse that invented AT1 Bonds in the last crisis. The purpose of these securities is that they are meant to provide capital for a bank that's gone into resolution. They were high-yielding instruments, and that's why they were popular. But everyone getting into these things knew or should have known that if the bank gets into real trouble, they could get zeroed out. "Silicon Valley Bank looks like it's going to be the best bank ever to go into insolvency. It went bankrupt on US government bonds and agency mortgage bonds.” TIME STAMPS 00:00 Intro 00:57 Dan Davies Profile 03:06 The Credit Suisse collapse and AT1 Bonds 05:35 Is it a banking crisis? 10:19 The problem with narrow banks 13:22 The tough job of central bankers 22:04 Fraud and the Canada Paradox 24:25 Difference between hype and fraud 27:40 Vulnerability to fraud in happiness and good times in the 19th century 30:58 Detecting fraud 1: fast growth 33:10 2: People don't change 35:22 3: Check out the product not the demo 39:41 Response to the book 41:46 Narrative history 42:50 Dan's substack and next book ABOUT Investorama is your guide to the future of investing without the hype. In each episode, reformed investment banker and marketer George Aliferis and his guests take a deep dive into a key topic that shapes our financial future. George is the founder of Orama.tv (podcast & video company), as well as its content arm Investorama, a podcast, YouTube channel and Newsletter. https://linktr.ee/investorama…

INVESTOLOGY: re-think investment management

1
[The Fintech Files] Deposit Wars (from SVB to Public.com) - Alex Johnson | Fintech Takes 46:59

2 years ago46:59

46:59

Alex Johnson is a fintech expert and the author of the popular newsletter and podcast Fintech Takes . He discusses with George Aliferis about Silicon Valley Bank, which collapsed after massive deposit outflows and what that means for deposits, savings and investment accounts. LINKS Alex’s Fintech Takes https://newsletter.fintechtakes.com/ Twitter https://twitter.com/AlexH_Johnson QUOTES “It's not really a bailout in the classic sense if you are just rescuing depositors who had nothing to do with the risks that SVB was taking. The management at SVB and the equity holders at SVB are not being rescued.” “We don't carefully analyze the balance sheets of the banks that we work with. We just sort of expect that our money is going to stay in our account, sort of the opposite of the South Park example. So I don't think there was really any moral hazard or risk to rescuing depositors” "In the absolute worst case where something goes wrong, you really wanna make sure that that company is keeping careful track so that if they were to go outta business, the partners they work with can sort of track down all the customers and make sure that they get their money back. So, I'm not as concerned in this particular case about FDIC insurance or SIPC, I think that's just a function of what kind of account it is under the surface. I think the bigger question is: how well set up are these FinTech companies to deal with the worst case scenario if they go out of business? And to be candid, a lot of less mature FinTech companies [can be a concern] TIMESTAMP 00:00 Teaser 00:14 Intro 01:15 Alex's Background & The art of the newsletter 08:52 Southpark clip 09:48 Thoughts on Silicon Valley Bank 12:39 The right amount of insurance 16:09 A new service for neobanks? 17:14 Regressive progressive action and annoying VCs 21:33 Marvel Multiverse 22:22 The difference between banking, savings and investing 25:58 A new fintech hybrid model 27:03 The concerns about products looking safe 29:08 We forgot about bank failures 33:06 Reviewing Tellus notes 36:17 Reviewing Public's Treasury product 41:20 What if Public disappeared? ABOUT THE PODCAST Investorama is your guide to the future of investing, without the hype. In each episode, reformed investment banker and marketer, George Aliferis and his guests take a deep dive into a key topic that shapes our financial future. Episode linksQuotesTime stampsAbout the Podcast George is a reformed investment banker & marketer, who is now running Orama (podcast & video company), as well as its content arm Investorama, a podcast , YouTube channel and Newsletter .…

INVESTOLOGY: re-think investment management

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Edward Chancellor - Author of The Price of Time, The Real Story of Interest 53:03

2 years ago53:03

53:03

Edward Chancellor is a financial historian, journalist and investment strategist, and the author of The Price of Time , the real story of interest. This is an essential book for investors who want to understand the impact of interest rates. Episode links Edward’s website: https://www.edwardchancellor.com/ Link to the book: https://www.edwardchancellor.com/books/the-price-of-time Quotes "If interest is an omnipresent phenomenon and the ultra-low rates wormed their way into all economic and financial activity, then it would follow that the everything bubble turns into the everything burst." "If you know history, this late 1990s stock market looks a hell of a lot like the British Railway Mania of the 1840s. You've got a new technology. People are getting very excited about it. Very, very similar patterns. If you know the history, you are aware of the vulnerability of the markets." "You couldn't really understand the world unless you understood interest. And you have to bear in mind the Fed funds rate of 0% and the negative interest rates in Europe and in Japan. But those zero rates and negative rates were the lowest interest rates in five millennia of history. So that, that obviously has to be a noteworthy factor." "If you think about it, it took two and a half years for losses on subprimes to the Lehman's blowup. Everyone expects that everything happens very quickly, and after the fact, the timeline seems to be compressed. But if you're living through it, actually, it takes much longer." Timestamps 00:00 Teaser 00:19 Introducing Edward Chancellor 01:31 A historian in the investment world 06:21 The study of human activity can't be explained by science 08:46 The historian’s edge 14:30 The problem with models 16:46 The consensus view on interest and inflation 22:04 The 5 roles of interest 27:33 Buffett's quote on interest rates and gravity 30:40 Interest rates, investment decisions 33:49 The everything bubble 36:15 Where the cracks show 37:48 Active management 38:19 Areas most at risk 39:48 PE troubles 45:58 We are early in the burst 46:52 regional bank problems 47:56 Bubbles burst slowly About the Podcast Investorama is your guide to the future of investing, without the hype. In each episode, reformed investment banker and marketer, George Aliferis and his guests take a deep dive into a key topic that shapes our financial future. George is a reformed investment banker & marketer, who is now running Orama (podcast & video company), as well as its content arm Investorama, a podcast , YouTube channel and Newsletter .…

INVESTOLOGY: re-think investment management

1
[Due Diligence] The Fall of CEFI and the Rise of Hybrid Finance | Hirander Misra, CEO - GMEX Group 57:07

2 years ago57:07

57:07

This conversation with Hirander Misra, the CEO of GMEX Group was recorded in August 2022, before the collapse of FTX. We discuss the collapse of Cefi lenders like Celsius, Voyager, Babel, Vauld but the warnings, general principles and solutions that Hirander offers are still relevant today and could be applied to the FTX situation. Rather than giving up on crypto, Hirander suggests we move towards a new model of hybrid finance that combines the new technology with the established financial system. ABOUT THE GUEST Hirander Misra is CEO and co-founder of GMEX Group, a London-based company that offers consultancy, technology and operations expertise to exchanges and other markets. GMEX addresses end-to-end regulatory and contract environment needs for Issuance, Trading, Clearing and Settlement across exchanges and across all asset classes, including Traditional, Digital and Hybrid Assets. https://www.gmex-group.com/ ABOUT THE REALIZATION GROUP This video is produced in partnership with Financial Markets Insights by The Realization Group- bringing together the best minds in the financial and capital markets industry to deliver high-quality thought-leadership content. https://www.therealizationgroup.com/insights/financial-markets-insights/ TIMESTAMPS 00:00 Intro 00:26 Overview - not what it pretends to be 02:21 Looking back at bitcoin... and mount Gox 03:55 Operational failure vs Robust tech 05:10 Defi 07:09 The problem with the definitions 09:10 The plumbing challenges in the back 10:57 A lack of a common standard 12:49 The message in the Bitcoin origin block - and the repeat of 2008 15:19 Looking for yield 17:33 the backlash against banking - and the unbanked opportunity with crypto 19:30 Lower barrier to entry and risk practices 21:35 The fragmentation of regulation 23:01 Authorization vs Regulation 24:04 The importance of small print 27:51 Cognitive bias 28:51 Funding 30:21 Overinflated valuations 31:17 With valuation comes pressure 33:54 regulation and innovation 35:37 Testing the trustlessness of bitcoin 36:50 Institutions' role in defi 38:00 Tokenization 38:50 Custody 39:09 Two prices - two systems fro Bitcoin? 40:11 how do you regulate 41:20 Whitelist 41:45 Industry standards 43:12 how do you classify investors 45:03 Different risk appetites 47:04 Clear and transparent 48:12 industry initiative vs regulation 49:57 Education 51:06 Exchanges 53:46 The need for a seamless financial experience 55:19 coexistence of crypto and tradfi - Hybrid Finance…

INVESTOLOGY: re-think investment management

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[Due Diligence] The Cefi Apocalypse - Part 2: The Recipe for Cefi's Success and Failure | George Aliferis, CAIA 13:15

3 years ago13:15

13:15

In this new episode about the Cefi Apocalypse, we find out how key players in the industry managed to forget any notions of risk. And how so many investors follow them. To do so, we look at the technological, cultural and macro trends that preceded it. And on the technological side, the starting point has to be Bitcoin and its origin block in January 2009. In conversation with Hirander Misra, CEO and co-founder of GMEX Group, FinTech Entrepreneur and Blockchain influencer. 🎧 Listen on podcast platforms https://pod.link/the-fintech-files/ This podcast is produced in partnership with Financial Markets Insights by The Realization Group- bringing together the best minds in the financial and capital markets industry to deliver high-quality thought-leadership content." https://www.therealizationgroup.com/insights/financial-markets-insights/ ABOUT THE GUEST Hirander Misra is CEO and co-founder of GMEX Group, a London-based company that offers consultancy, technology and operations expertise to exchanges and other markets. GMEX addresses end-to-end regulatory and contract environment needs for Issuance, Trading, Clearing and Settlement, across exchanges and across all asset classes including Traditional, Digital and Hybrid Assets. HIGHLIGHTS ▶ How the Cefi collapse resembles the Great Financial Crisis of 2007-2008 ▶ How tech, culture and macro converged into a powerful alchemy that made Cefi possible ▶ The role of regulation and standards across Cefi, Defi, Tradfi TO GO FURTHER Learn about market-neutral yield strategies on Defi: https://bit.ly/Defi-Invest GMEX Group https://www.gmex-group.com/ YouTube episodes on Cefi & Defi: https://youtube.com/playlist?list=PLXTR2SfmGn35w-THFsOGE8PaCCkJaNlnA TIMESTAMPS 00:00 The Billions episode about Bitcoin 01:32 The origins of crypto and mount Gox 02:08 A history of operational failure 03:06 The message in the block - and the repeat of 2007 05:45 Opacity, complexity 06:38 Looking for yield 07:38 Banking backlash 09:21 Lower barrier to entry and risk practices 09:49 VC impact 10:50 Conclusion and next episode About The Cefi Documentary Series Cefi or CeDeFi (for Centralized Decentralized Finance) is a new type of financial player that encountered great success from its origin in 2017-18 to its near-collapse in June-July 2022. Cefi platforms gathered 10s of billions of dollars in assets very rapidly, mainly from private investors, but following the collapse of the Terra chain and the bear market that took hold of crypto in 2022., all platforms ran into trouble. These platforms include Blockfi, Celsius, Voyager, Vauld, Babel. As we publish this in September 2022, Blockfi had to be rescued but continues to operate normally, but the rest have suspended withdrawals and are at various stages of life support, or bankruptcy process (Celsius). The collapse of Cefi matters for the future of investing, because it’s the first time that savings are at risk and because Cefi was an unfortunate attempt at bringing together Defi and Tradfi. In this series we will be exploring Cefi along with various guest experts and the goal is to learn lessons about the future of investing .…

INVESTOLOGY: re-think investment management

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[Due Diligence] The Cefi Apocalypse - Part 1: The Celsius Files | George Aliferis, CAIA 22:03

3 years ago22:03

22:03

This is the first episode of a series about CEFI. We start by examining the Celsius archives and bankruptcy filing and what they reveal about the industry. It's a new narrative format that allows me to go more in-depth and combine many elements gathered through previous interviews. And because CEFI involves both crypto and traditional finance, it offers a glimpse into the future of investing or, in this case, what we don't want the future to look like. This episode was produced in partnership with The Realization Group https://www.therealizationgroup.com/ A B2B consultancy-led marketing agency operating at the intersection of TradFi and DeFi. LINKS 🧑🏽‍🎓 Defi Investment Course: https://bit.ly/Defi-Invest Learn the strategies employed by 3AC, Celsius but in a risk-controlled environment 🎧 https://pod.link/the-fintech-files/ 🎥 https://youtu.be/FW84_z5n4Bk 🏦THE COMPANY Celsius is a bankrupt crypto lender, that was a leading CEFI platform. At its peak, it was managing $25 billion in clients' assets. In June 2022 it suspended withdrawals and in July, declared bankruptcy (currently undergoing Chapter 11) 💰 Funding: over $800 M - valued $10bn TIMESTAMPS 00:00 From Community to Creditors 02:36 The rise of Celsius 07:40 What went wrong 08:25 Celsius activities 12:28 The origin of Celsius problems - 'Cryptopocalypse' 17:34 A CEFI apocalypse 19:04 A darker side to the story 20:10 What Celsius teaches us about CEFI and about investing ABOUT THIS PODCAST Welcome to the podcast that unveils the future of investing, hosted by George Aliferis. In each episode, we explore asset classes, trends and technologies, with founders, investors and experts involved in shaping that future. George is a reformed banker and marketer now using his skills to explore new investment opportunities and expose the hype. George is a Chartered Alternative Investment Association (CAIA) charter holder.…

INVESTOLOGY: re-think investment management

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[The Fintech Files] Powering the E in ESG and the Dawn of the Greenwashing Era | Brennan Spellacy - CEO, Patch 30:14

3 years ago30:14

30:14

A deep dive into Decarbonization and the ESG Reckoning - with Brennan Spellacy, CEO & Co-Founder of Patch - a platform that powers climate action 🎧 https://pod.link/the-fintech-files/ 🎥 https://youtu.be/FW84_z5n4Bk 🏦THE COMPANY Patch is an API and a marketplace that enables companies to seamlessly purchase as little as a gram to giga-tonnes of carbon removal from reputable and trusted carbon removal projects. 💰 Funding: Series A US$ 20.8M HIGHLIGHTS ▶ We discuss the SEC’s recent moves against Greenwashing in ESG investing ▶How an efficient marketplace can help Decarbonization ▶How Patch clients manage their carbon offset, with the example of EQT ▶How Crypto can become cleaner TO GO FURTHER Visit https://www.patch.io/ Brennan on Linkedin https://www.linkedin.com/in/bspellacy/ TIMESTAMPS 00:00 Intro 00:36 Brennan before Patch 02:40 What does Patch do? 03:25 How it works for a client - example of EQT 05:16 Carbon removal commitment vs Carbon neutrality 07:26 How Patch clients can take an active role in selecting their carbon offsetting projects 09:14 How an efficient marketplace increases carbon offsetting activities 10:58 The supply side of the Patch marketplace 13:04 The trust component of the marketplace 14:21 The environmental impact 16:04 Does carbon offsetting reduce the incentive to reduce carbon emissions? 18:39 The E in ESG 19:48 The SEC vs Greenwashing 21:44 The crypto question 24:44 Bullish on blockchain but critical of the crypto industry 26:47 George's take on crypto 28:36 What's next for Patch ABOUT THIS PODCAST Welcome to the podcast that unveils the future of investing, hosted by George Aliferis. In each episode, we explore asset classes, trends and technologies, with founders, investors and experts involved in shaping that future. George is a reformed banker and marketer now using his skills to explore new investment opportunities and expose the hype. George is a Chartered Alternative Investment Association (CAIA) charter holder.…

INVESTOLOGY: re-think investment management

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[The Fintech Files] Tokenizing Gold and other Precious Metals | Alexander Tkachenko - CEO, VNX 32:38

3 years ago32:38

32:38

A deep dive into the perspective offered by the tokenization of gold with the Founder and CEO of VNX, Alexander Tkachenko 🎧Link: https://lnkd.in/ecY_CWQA 🏦THE COMPANY VNX is a European platform for tokenised precious metals registered with the Financial Markets Authority of Lichtenstein ⚡️HIGHLIGHTS Compared to other ways of tracking gold, the solution offered by VNX can: Offer a low-cost way to track gold compared to ETPs A more efficient way to own it than storing it on your own The tokenization extends the benefits through the proprieties of Defi Accessibility Transferability Transparency Fractionalization TO GO FURTHER Visit https://vnx.li/ TIMESTAMPS 00:00 Tokenizing Precious Metals | Alexander Tkachenko - CEO, VNX 00:47 Intro: why Blockchain & Gold 02:54 Alexander's background 04:07 How VNX Works 05:53 Comparing tokenization to other ways of tracking gold 08:57 Trading via VNX 13:43 What types of investors can use the service 15:35 Regulatory framework 17:25 Assessing the worst-case scenario 19:51 The triple advantage of tokenization 21:31 How Defi changes the infrastructure of financial markets 23:05 Access is global 24:10 Discussing the broader impact of Defi 27:02 A neutral view of current events in the crypto space 31:15 Alternative career path 31:53 Personal investments ABOUT THIS PODCAST Welcome to the podcast that unveils the future of investing, hosted by George Aliferis. In each episode, we explore asset classes, trends and technologies, with founders, investors and experts involved in shaping that future. George is a reformed banker and marketer now using his skills to explore new investment opportunities and expose the hype. George is a Chartered Alternative Investment Association (CAIA) charterholder.…

INVESTOLOGY: re-think investment management

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[The Fintech Files] Crypto Mining Powered by the Players | Joe Downie, CMO - Nicehash 31:42

3 years ago31:42

31:42

A deep dive into the economics of Crypto mining and how NiceHash uses the GPU power of gamers, with Joe Downie the CMO of NiceHash 🎧Link: https://pod.link/the-fintech-files 🏦THE COMPANY NiceHash is a global cryptocurrency hash power broker and cryptocurrency exchange. 👾Its focus is on gamers with powerful computers that can be used to mine crypto Founded : 2014 🧌 Users : 2.5 Million HIGHLIGHTS ▶ How Crypto mining works via Proof of Work ▶The economics of mining for gamers ▶ Bitcoin as means of payment ▶How regulation is becoming a critical question And more… TO LEARN MORE https://www.nicehash.com/links TIMESTAMPS 00:00 YT - Powering Crypto with Gamers' Computing Power | Joe Downie, CMO - NiceHash 00:25 An overview of Cryptocurrency mining 01:21 How real is the image of crypto we see in fiction 02:46 How NiceHash powers crypto with gamers' GPU 05:29 How Gamers benefit from NiceHash 09:43 Who are the NiceHash users 15:35 How and why NiceHash built a crypto exchange 18:39 In proof of work all minors are equal (unlike proof of stake) 20:57 Main marketing challenges 24:00 Measuring marketing activities 24:53 The Nvidia defeat 27:00 Joe's outlook on Crypto: The Merge & Regulation 30:20 Alternative career path 31:01 Personal investments ABOUT THIS PODCAST Welcome to the podcast that unveils the future of investing, hosted by George Aliferis. George is a reformed banker and marketer and Chartered Alternative Investment Association member. In each episode, we explore asset classes, trends and technologies, with founders, investors and experts involved in shaping that future.…

INVESTOLOGY: re-think investment management

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[The Fintech Files] Analyzing Terra's Collapse; Building a DAO; Why decentralization matters and its limits | Carlos Mercado Ξ - CharlieDAO 43:51

3 years ago43:51

43:51

A deep dive into DAOs (Decentralized Autonomous Organizations) with the founder of CharlieDAO, Carlos Mercado Listen to the podcast on your favourite platform: https://pod.link/the-fintech-files TIMESTAMPS 00:00 Intro 00:30 DAOs and CharlieDAO 01:45 Carlos's background in economics and data science 04:10 The process of getting involved in a DAO 08:10 Role of the DAO founder (as opposed to CEO) 10:37 The core benefits and costs of decentralization 13:11 DAOs, their limits and the future of work 15:21 Thoughts on Luna / Terra 17:48 How Terra could have worked 23:22 The damage Terra has done to Defi 27:00 How CharlieDAO is built and its goals 28:57 TrueFreeze a spinout from CharlieDAO (zero-coupon for Ethereum) 32:36 Mechanism of TrueFreeze 37:58 What Carlos is most excited about in Defi: providing access to new financial tools for everyone…

INVESTOLOGY: re-think investment management

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[The Fintech Files] The Apex Predator of Defi? Orca - The Leading Decentralized Exchange on the Solana Chain | Boaz Shoshan - Orca [The Future of Investing] 30:20

3 years ago30:20

30:20

Orca is a Decentralized Exchange on the Solana chain that has seen spectacular growth since its launch in February 2021. ▶Over $25bn volume traded ▶Third largest DEX ▶Over 140,000 Daily Active Users For more info https://orca.so/ Listen to the podcast on your favourite platform: https://pod.link/the-fintech-files TIMESTAMPS 00:00 Introduction to Orca 01:53 Boaz's background 04:07 Working in crypto and starting at Orca 05:05 An overview of Defi and DEX 10:52 Orca: The third exchange in terms of trading volumes 12:28 Integrating with Orca 14:09 Embedded trading, swapping, and providing liquidity 19:49 Who the users are 22:04 There's no need for B2b marketing when the partners are users 22:53 Near term developments: trading, community, partnerships 24:47 The capital efficiency of concentrated liquidity 25:48 George's perspective as an Orca user…

INVESTOLOGY: re-think investment management

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[The Fintech Files] Disrupting the investment process of a $120 trillion asset class | Russell, Feldman, CEO - IMTC [The Future of Investing] 28:37

3 years ago28:37

28:37

A conversation between George Aliferis and Russell Feldman about the fixed income market. Russell is the CEO of IMTC, a cutting-edge, cloud-based investment management system for fixed income investors. For more info https://imtc.com/ TIMESTAMPS 00:21 An overview of the fixed income market 01:08 Russell's background 02:56 Legacy tech in fixed income 04:17 The complexity of fixed income securities 06:34 Key Challenges for Fixed Income portfolio managers 15:10 The benefits of cloud technology in the fixed income space for data processing 18:53 Key Trends in the fixed income market…

INVESTOLOGY: re-think investment management

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[The Fintech Files] The Triple Win of Inclusive Design for Fintech | Melissa Gopnik - Commonwealth (making wealth possible for all) 24:29

3 years ago24:29

24:29

In the interview, Melissa Gopnik, SVP at Commonwealth, explains how inclusive product design is a triple win: For Fintech and financial services providers that can access a broader market For consumers who can access financial products that suit them better For society, as a way to increase financial inclusion Listen on your favourite podcast player https://pod.link/the-fintech-files Download the guide: Actionable Insights for Inclusive Product Design https://hubs.li/Q019CrkM0 We discuss design principles, such as agency, aspirations The business opportunity embedded design How startups can get started and what are the requirements and costs The Fintech opportunity And more... ABOUT MELISSA GOPNIK Melissa leads the Innovation Lab at Commonwealth, where she and her team work directly with financially vulnerable consumers and translate the insights from their research into innovations that serve to close the race and gender wealth gap. ABOUT COMMONWEALTH Commonwealth is a national nonprofit building financial security and opportunity for financially vulnerable people through innovation and partnerships. Our vision is to make it possible for all people to build wealth.…

INVESTOLOGY: re-think investment management

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[The Fintech Files] A Web3.0 Future for Asset Management? | Ramon Recuero - Babylon Finance (Asset Management DAO) [The Future of Investing] 31:51

3 years ago31:51

31:51

A conversation between George Aliferis and Ramon Recuero, Co-Founder of Babylon Finance. Babylon is a platform that allows to create strategies, split fees, share profits, and earn rewards via DeFi investment clubs. It operates on the Ethereum network and holds over $22.33m in assets across 95 Investment Clubs Find out more https://www.babylon.finance/ Listen to The Fintech Files your favourite podcast app https://pod.link/the-fintech-files TIMESTAMPS 00:00 Introducing Ramon from Babylon Finance 02:26 What is Babylon? 03:51 The Babylon look and feel 07:32 A first-principles approach to investing 11:09 Passive vs Active strategies 12:36 Non-custodial & Risk 16:20 What Ramon & Team are building 18:57 The users of Babylon 21:02 Outlook how big could Defi Asset management become? 23:37 The Vanguard reference 25:14 Regulatory impact 26:11 Possible developments 29:03 Alternative Career path and Personal investing…

INVESTOLOGY: re-think investment management

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[The Fintech Files] Unlocking a New Wave of Fintech Innovation with Payroll Connectivity | Lauren Crossett - Pinwheel (the income layer for financial services) 24:23

3 years ago24:23

24:23

A conversation between George Aliferis and Lauren Crossett, Head of Commercial at Pinwheel about unlocking the next wave of fintech innovation with income/payroll data connectivity. Pinwheel is the leading payroll connectivity API company used to securely access income and employment data. The "income data layer" has the potential to ignite a "Fintech 2.0" in the same way that Open Banking / Plaid ushered in Fintech 1.0 with connectivity to financial institutions. Listen to The Fintech Files your favourite podcast app or watch on YouTube . USEFUL LINKS Company website https://www.pinwheelapi.com/ API docs https://docs.pinwheelapi.com/reference/api-overview?& Lauren Crossett https://www.linkedin.com/in/lauren-crossett-b3752126/ https://twitter.com/laurencrossett TIMESTAMPS 00:00 Introduction to Pinwheel - the income layer for financial services 02:40 The Direct Deposit opportunity 04:10 How payroll connectivity works for employees 05:57 A new layer of financial data - similarities with Open Banking 07:41 The employer perspective: how to offer better benefits to employees 08:32 How financial institutions harness payroll connectivity via Pinwheel's API 11:30 Behind the scenes: establishing the connectivity and removing the complexity 13:43 A look at Pinwheel's commercial activities 15:14 Pinwheel's exponential growth 18:34 The impact of the latest $50m funding round on Pinwheel 19:53 Lauren Cossett's outlook on payroll connectivity 22:06 Alternative career path 22:40 How I invest personally WATCH CLIPS FROM THE INTERVIEW ► TikTok ► Instagram CONNECT ► Twitter ► Substack ► Linkedin #payrollapi #fintech…

INVESTOLOGY: re-think investment management

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[The Fintech Files] Wealth Building for People Leaving Abroad | Elliott Locke - Abroaden 25:03

3 years ago25:03

25:03

A conversation between George Aliferis and Elliott Locke, CEO and founder of Abroaden:'How people living abroad invest' Watch on YouTube https://www.youtube.com/the-fintech-files About Abroaden: https://abroaden.co/ https://www.instagram.com/abroaden.co/ TIMESTAMPS 00:00 Introducing 00:29 Elliott Locke's background 02:57 Identifying a problem for investors 05:42 The pandemic impact 07:27 Addressing the challenges faced by people living abroad 10:05 Fragmentation of the EU market & Evolving regulation 13:03 Importance of UX in retail investing 14:45 A minimum technical knowledge for founders 16:59 Fintech companies are marketing companies that sell financial services 22:19 Outlook 24:36 Elliott's Alternative Career Path #fintech…

INVESTOLOGY: re-think investment management

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The Past, Present & Future of the ETF Industry | Athanasios Psarofagis - Bloomberg Intelligence [The Future of Investing] 45:59

3 years ago45:59

45:59

A deep dive into one of the fastest-growing segments of modern finance: ETFs (Exchange-Traded Funds) with Athanasios Psarofagis, ETF research at Bloomberg Intelligence and master of ETF data. USEFUL LINKS https://twitter.com/tpsarofagis On Bloomberg Terminal: BI ETF TIMESTAMPS 00:00 Introducing Athanasios Psarofagis: Bloomberg Intelligence - ETFs 02:31 Overview of the ETF market 05:05 What drives the growth of ETFs 07:55 Should we really call it passive investing? 10:52 The $1 trillion savings for investors 12:41 Q: How to differentiate in a crowded ETF market (add questions) 15:26 Q: The business of ETFs and Vanguard's advantage 17:45 Why has the Vanguard model not been replicated 19:21 How Vanguard invented the "ownership economy" 20:11 The evolution of investors behaviour - the market is split 23:17 ETF as a wrapper beyond traditional indexing 26:03 New trends in ETF distribution 28:06 Geographical differences in ETF distribution 29:55 Custom indexing: a minor trend? 33:18 Crypto ETFs 36:06 Defi for ETFs 38:21 ETFs & Crypto 39:21 There's a lot to be done on the fixed income side 41:00 Developments in the fixed income ETF space 43:04 Personal questions WATCH CLIPS FROM THE INTERVIEW ► TikTok ► Instagram CONNECT ► Twitter ► Substack ► Linkedin #investing #ETF…

INVESTOLOGY: re-think investment management

1
Making the Future of Retail Investing Rational & Accessible | Kostas & Alexandros - co-founders of WealthyHood [The Future of Investing] 29:36

3 years ago29:36

29:36

A conversation about the future of retail investing, with Alexandros Christodoulakis and Kostas Faliagkas the co-founders of Wealthyhood. WealthyHood is the first DIY wealth-building app for long-term investors. Listen to The Fintech Files your favourite podcast app or watch on YouTube . USEFUL LINKS Join Wealthyhood https://bit.ly/wealthyhood https://twitter.com/wealthyhood_ https://www.instagram.com/wealthyhood/ TIMESTAMPS 00:00 Introduction 00:59 How Wealthyhood started 03:08 Wealthyhod's mission 06:53 The Wealthyhood experience for users 08:51 Hands-on investor education 11:38 Behind the scene: the role of B2B fintech partnerships 14:27 Rationalizing investing 17:59 The choice of ETFs as instruments 20:34 Wealthyhood's growth and possible evolution 26:30 Personal questions: Alternative career path & How do you invest personally WATCH CLIPS FROM THE INTERVIEW ► TikTok ► Instagram CONNECT ► Twitter ► Substack ► Linkedin #investing #fintech…

INVESTOLOGY: re-think investment management

1
The Past, Present & Future of Buy Now Pay Later (BNPL) | Jason Mikula - Fintech Business Weekly 29:32

3 years ago29:32

29:32

A deep dive into BNPL, without the hype, with Jason Mikula. Jason Mikula is the publisher of Fintech Business Weekly , a newsletter going beyond the headlines on trends and stories in banking, fintech , and crypto. He also advises and consults for and invests in early-stage startups. Previously, he spent over a decade building and scaling consumer finance businesses, including at Enova, LendUp, and Goldman Sachs. Listen to The Fintech Files your favourite podcast app or watch on YouTube . USEFUL LINKS Jason has written extensively on BNPL and some of the leaders in the field: Klarna, Affirm in this newsletter Fintech Business Weekly https://twitter.com/mikulaja TIMESTAMPS 00:26 Jason's background in customer lending 03:01 BNPL a new UX on an old product? 07:55 The attractiveness of BNPL for merchants 12:23 The value of BNPL data 17:51 A better BNPL - assessing affordability 21:49 BNPL Valuations 24:52 Dealing with hype as an investor 26:59 Alternative career path 27:35 How do you invest personally WATCH CLIPS FROM THIS INTERVIEW ► TikTok ► Instagram CONNECT ► Twitter ► Substack ► Linkedin #BNPL #ConsumerLending…

INVESTOLOGY: re-think investment management

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A First-Principles Approach to Crypto | Lex Sokolin - Consensys, Fintech Blueprint [The Future of Investing] 38:30

3 years ago38:30