Past Performers - by InvestOrama
By George Aliferis, CAIA
No sales pitch. No marketing. No BS.
George Aliferis, CAIA and his guests are on a mission to support the true democratisation of investing.
Past episodes include: Private Equity, Venture Capital, Hedge Funds, Quants, ETFs and index funds, investment technology
A podcast by orama.tv
Also on YouTube
Past Performers - by InvestOramaAug 26, 2020
Private Equity: Everything you thought you knew about it is probably wrong | Ludovic Phalippou - Oxford University
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
The Bogle Effect: ETFs, Passive Investing & New Era of Investing - Eric Balchunas
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
The Quant Revolution: Jim Simons & Renaissance Technologies with the Author of "The Man Who Solved Wall Street" - Greg Zuckerman, WSJ
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
Private Equity: Debunking the Myths | Trym Riksen - Gabler
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.
Due Diligence - Masterworks the Unicorn "Democratizing" Art Investing: Is The Picture Too Perfect?
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
Due Diligence on Limitless (2011) : Why Limitless is really about Fund Management
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
Due Diligence on the Wall Street (1987) movie: Could you invest in the 2023 version of Gordon Gekko?
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
Due Diligence on Fair Play (2023, Netflix): Should you invest in Emily's hedge fund?
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.
Private Debt & The Democratization of Alternatives - Aaron Filbeck Managing Director and Head of UniFi by CAIA™
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
The Real Deal About REIT Investing (and what's going very wrong with Blackstone's BREIT)- Phil Bak, CEO of Armada ETFs
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
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.
If you’d like to partner with us, sponsor the podcast, or be featured as a guest, please get in touch george@orama.tv
June Felix, CEO of IG Group - Unlocking Financial Futures through Education
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.
If you’d like to partner with us, sponsor the podcast, or be featured as a guest, please get in touch george@orama.tv
Dan Davies - Author of Lying for Money on Credit Suisse and the 2023 Banking Failures
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
Deposit Wars (from SVB to Public.com) - Alex Johnson | Fintech Takes
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.
Edward Chancellor - Author of The Price of Time, The Real Story of Interest
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 linksEdward’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."
Timestamps00:00 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 PodcastInvestorama 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.
Introducing Investorama: The Future of Investing - Without the Hype (formerly The Fintech Files)
Welcome to a new chapter of the podcast that was formerly known as the FinTech files. It's become Ιnvestorama. The change of name reflects a deeper focus on the investment world and an alignment with the existing YouTube channel, which has reached 16,000 subscribers. https://www.youtube.com/investorama
My name is George Aliferis. I'll be hosting this podcast. I used to structure and market investment products based on derivatives and alternative investments for over a decade in big banks. I quit the industry because I was telling my friends and family not to buy the products I was marketing, and this started bothering me.
I'm now trying to distil the insider knowledge that I've gained from this professional experience into the new investment landscape.
We're going to approach and dive deep into all of that with selected experts on specific asset classes and current topics.
My first guests will be:
- Edward Chancellor, author of The Price of Time, The Real Story of Interest
- Alex Johnson, Fintech commentator extraordinaire and author of the Fintech Takes
- Dan Davies, author of Lying for Money, a book about fraud
- June Felix, CEO of IG
Subscribe on your favourite podcast app to never miss an episode!
The Fall of CEFI and the Rise of Hybrid Finance | Hirander Misra, CEO - GMEX Group
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.
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
The Cefi Apocalypse - Part 2: The Recipe for Cefi's Success and Failure
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 GUESTHirander 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 FURTHERLearn 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
TIMESTAMPS00:00 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 SeriesCefi 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.
The Cefi Apocalypse - Part 1: The Celsius Files
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 $10bn
TIMESTAMPS
00:00 From Community to Creditors
02:36 The rise of Celsius
07:40 What went wrong
08:25 Celsius activities
12:28 The origin of Celsius problems - 'Cryptopocalypse'
17:34 A CEFI apocalypse
19:04 A darker side to the story
20:10 What Celsius teaches us about CEFI and about investing
ABOUT THIS PODCAST
Welcome to the podcast that unveils the future of investing, hosted by George Aliferis.
In each episode, we explore asset classes, trends and technologies, with founders, investors and experts involved in shaping that future.
George is a reformed banker and marketer now using his skills to explore new investment opportunities and expose the hype. George is a Chartered Alternative Investment Association (CAIA) charter holder.
Powering the E in ESG and the Dawn of the Greenwashing Era | Brennan Spellacy - CEO, Patch
A deep dive into Decarbonization and the ESG Reckoning - with Brennan Spellacy, CEO & Co-Founder of Patch - a platform that powers climate action
🎧 https://pod.link/the-fintech-files/
🎥 https://youtu.be/FW84_z5n4Bk
🏦THE COMPANY
Patch is an API and a marketplace that enables companies to seamlessly purchase as little as a gram to giga-tonnes of carbon removal from reputable and trusted carbon removal projects.
💰 Funding: Series A US$ 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.
Tokenizing Gold and other Precious Metals | Alexander Tkachenko - CEO, VNX
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.
Crypto Mining Powered by the Players | Joe Downie, CMO - Nicehash
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.
Analyzing Terra's Collapse; Building a DAO; Why decentralization matters and its limits | Carlos Mercado Ξ - CharlieDAO
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
The Apex Predator of Defi? Orca - The Leading Decentralized Exchange on the Solana Chain | Boaz Shoshan - Orca [The Future of Investing]
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
Disrupting the investment process of a $120 trillion asset class | Russell, Feldman, CEO - IMTC [The Future of Investing]
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
The Triple Win of Inclusive Design for Fintech | Melissa Gopnik - Commonwealth (making wealth possible for all)
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/Q019CrkM0We 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.
A Web3.0 Future for Asset Management | Ramon Recuero - Babylon Finance (Asset Management DAO) [The Future of Investing]
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
Data & Fintech: From Number Crunching to AI | Pahal Patangia - Nvidia [the Future of Investing]
A conversation between George Aliferis and Pahal Patangia, Global Developer Relations Lead, Consumer Fintech at NVIDIA.
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
CONNECT
#datascience #fintech
Unlocking a New Wave of Fintech Innovation with Payroll Connectivity | Lauren Crossett - Pinwheel (the income layer for financial services)
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
CONNECT
#payrollapi #fintech
Wealth Building for People Leaving Abroad | Elliott Locke - Abroaden [The Future of Investing]
A conversation between George Aliferis and Elliott Locke, CEO and founder of Abroaden:'How people living abroad invest'
Listen to The Fintech Files on your favourite podcast app https://pod.link/the-fintech-files
or 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
The Past, Present & Future of the ETF Industry | Athanasios Psarofagis - Bloomberg Intelligence [The Future of Investing]
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
CONNECT
#investing #ETF
Making the Future of Retail Investing Rational & Accessible | Kostas & Alexandros - co-founders of WealthyHood [The Future of Investing]
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
CONNECT
#investing #fintech
The Past, Present & Future of Buy Now Pay Later (BNPL) | Jason Mikula - Fintech Business Weekly
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
CONNECT
#BNPL #ConsumerLending
A First-Principles Approach to Crypto | Lex Sokolin - Consensys, Fintech Blueprint [The Future of Investing]
A deep dive into crypto with Lex Sokolin a fintech entrepreneur, head economist at Consensys and visual artist. He also publishes the FinTech blueprint, a newsletter and podcasts reaching over a hundred thousand people weekly. Consensys is a leading Ethereum blockchain software company, behind Metamask and other Blockchain products. Lex shares unique insights into how web3.0 could shape wealth management. He also offers a detailed analysis of crypto yields and the corresponding risks for anyone interested in DeFi.
Listen on your favourite podcast app: https://pod.link/the-fintech-files
USEFUL LINKS
https://consensys.net/resources/
https://twitter.com/LexSokolin
https://www.fintechblueprint.com/
TIMESTAMPS
00:00 Introducing Lex Sokolin, Consensys - Fintech Blueprint
00:30 Lex's background: Investment Banking, Entrepreneurship & Crypto debut and Consensys
03:45 Juggling with multiple projects & Building systems for yourself
07:52 Digital wealth managers as 'Spotify for CD roms'
12:40 On transformational technologies
14:35 Institutional investors and crypto
15:57 A first-principles approach to understanding crypto as an investor
22:07 Web3.0 as an emerging market
26:02 Crypto fixed income and stable coins
27:43 Overview of risks in staking and lending crypto, Defi vs Cefi
33:03 The case of Blockfi
36:08 Lex's own NFT experiment
39:04 Conclusion
WATCH CLIPS FROM THIS INTERVIEW
CONNECT
#Web3 #crypto
Shaping the Future of Wealth Management | Alokik Advani, Managing Partner Fidelity International Strategic Ventures [The Future of Investing]
We continue our exploration of the future of investing with Alokik Advani Managing partner at Fidelity International Strategic Ventures (FISV), who’s been previously on the show. Alokik is focused on financial technology investments that have strategic relevance for Fidelity International. He was previously a Managing Director at Goldman Sachs and Head of Principal Strategic Investments, APAC. Having been a fintech investor for almost two decades, he is one of the best people in the industry to discuss the future of investing.
In this podcast, we discuss Fidelity's involvement in the digital asset space, a few days after we recorded the podcast Fidelity launched its Physical Bitcoin ETP.
Listen on your favourite podcast app: https://pod.link/the-fintech-files
TIMESTAMPS
00:00 Introduction to Fidelity Strategic Ventures (FISV)
01:32 FISV's approach and how they are different to a traditional VC
03:53 Strategic fit, valuation, collaboration
06:17 An overview of FISV's portfolio
10:04 Fixing the financial advice experience
13:53 The rise of Alternative Assets
15:18 The new dimensions of investing
16:15 Investing Communities
18:37 Crypto & Digital Assets at Fidelity
21:47 How Alokik invests personally
WATCH CLIPS FROM THIS INTERVIEW
CONNECT
![Embedded Crypto: Rewards, Roundups and Web3.0 | Edward Woodford, CEO & Founder Zero Hash [The Future of Investing]](https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_episode400/18154903/18154903-1644403725732-28810293faff1.jpg)
Embedded Crypto: Rewards, Roundups and Web3.0 | Edward Woodford, CEO & Founder Zero Hash [The Future of Investing]
Welcome to the first episode of the Future of Investing series.
Where we explore asset classes, trends, and technologies in conversation with individuals who are shaping the future of investing.
My guest is Edward Woodford, the founder and CEO of ZeroHash, a FinTech that allows companies to embed crypto into their offering. With a couple of lines of code and without any regulatory burden, businesses can now launch their own digital asset products.
TIMESTAMPS
00:00 Introduction to Zero Hash
07:33 Behind the scenes
12:54 Use cases: crypto roundups, brokerage, and credit card rewards
24:01 Outlook: from finance to brands
25:46 Outlook: web3 & the metaverse
29:56 How Edward invests personally
WATCH CLIPS FROM THIS INTERVIEW
CONNECT
#embeddedinvesting #crypto
Embedded Investing: 'making buying a stock as easy as buying a latte' - with DriveWealth's CPO Raakhee Miller
In this episode of the fintech files, we go on a deep dive into embedded investing, with Rakhee Miller, chief product officer at DriveWealth, a unicorn that works with fintechs around the world to let their consumers trade anything, anytime, from anywhere.
TIMESTAMPS
00:00 Intro - Embedded Investing: Drivewealth
00:20 The brokerage industry
02:10 Technology driving innovation
03:50 Lowering the bar to access the stock market
06:31 Making it easy to enter the market
07:38 The retail revolution
08:48 Contributing to financial education
10:02 international expansion
10:39 Feedback loop and interaction with partners
11:52 what embedded investing means for the future of investing
CONNECT WITH RAAKHEE MILLER
https://twitter.com/raakheemiller
https://www.drivewealth.com/
👉Social: The Fintech Files👈
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#embeddedinvesting #drivewealth
Career Talk: Chief Product Officer, Raakhee Miller - DriveWealth (embedded investing unicorn)
In this Career Talk episode of The Fintech Files podcast, George Aliferis speaks to Raakhee Miller, currently Chief Product Officer at DriveWealth. Drivewealth is a cloud-based API driven brokerage infrastructure that pioneered embedded investing. In 2021 DriveWealth raised $450M in a Series D valuing the Company at $2.85B
► Podcast (audio link): https://pod.link/the-fintech-files
TIMESTAMPS
00:00 Intro
00:44 Being a CPO at a fast-growing Fintech startup
01:40 Raakhee's career before DriveWealth
03:16 Role of a CPO
05:44 Startup Lessons from working in Wall Street
07:26 How a company changes after raising a large round
08:40 Raakhee's Career Advice
👉Follow Raahkee & DriveWealth👈
https://twitter.com/raakheemiller
https://www.drivewealth.com/
👉Follow The Fintech Files👈
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►https://www.linkedin.com/company/thefintechfiles/
#embeddedinvesting #drivewealth
Data & Ethics in Investment Management | Bill Kelly, CEO of the CAIA Association
A deep dive into the issue of Data and Ethics for professional investors and allocators with Bill Kelly, Chairman and CEO of the CAIA Association. CAIA is the global professional body dedicated to alternative investments, seeking greater alignment, transparency, and knowledge for all investors.
TIMESTAMPS
00:00 Introduction to Data & Ethics with Bill Kelly - CEO of CAIA
00:16 The current alternative investment landscape 00:59 Client focus as a North star
02:23 The ethical conclusion of every CAIA's blog
05:37 Data and Ethics in a digitized world
06:59 How organizations can implement an ethical approach
10:14 The importance of thinking about long-term liabilities
12:31 Participating in the value creation process as investors
16:14 Investor education and ethics
20:51 Responsibilities of the sovereign and the individual
22:05 Conclusion: Clients first
CONNECT WITH BILL KELLY OR FIND OUT MORE ABOUT THE CAIA CERTIFICATION
🧑🏽🎓Registrations are now open for the March 2022 CAIA exam
https://www.linkedin.com/in/william-j-kelly-ab50a947/
https://twitter.com/CAIA_BillKelly
https://caia.org/
CONNECT WITH GEORGE ALIFERIS
Orama.tv - video and audio production
Investing in Cybersecurity Compliance (Strike Graph) | Alex Tong - Information Venture Partners
Alex Tong, Principal at Information Venture Partners brings us into a deep dive into Governance, Risk and Compliance (GRC) technology and his firm's investments in Strike Graph, a Cybersecurity Compliance SaaS.
Governance, risk management, and compliance (GRC) are three pillars of cybersecurity management. They enable an organization to effectively meet compliance requirements, manage risk, and standardize across the enterprise. It is a key aspect of building trust and winning more deals with enterprise clients.
TIMESTAMPS
00:23 Why Governance, Risk and Compliance is an exciting space to build and invest
04:13 The benefits of being "Certified" for building trust
05:57 How Strike Graph helps to build trust and win more deals with enterprise clients
07:22 Behind the scenes at Strike Graph - what they built
10:54 The business of abstracting complexity for your clients
12:17 Product at Strike Graph
14:23 How to approach a niche B2B market
16:10 When to get a marketer on board
17:36 Outlook on the GRC Segment
CONNECT WITH ALEX TONG & STRIKE GRAPH
https://informationvp.com/
https://www.linkedin.com/in/alextong/
https://www.strikegraph.com/
CONNECT WITH GEORGE ALIFERIS
Career Talk: The path to Venture Capital with Alex Tong - Information Venture Partners
In this Career Talk epsiode of The Fintech Files, George Aliferis speaks to Alex Tong principal at Information Venture Partners about his career and advice. Information Venture Partners is a venture capital firm, focusing on B2B software companies that are modernizing financial services and finance departments.
TIMESTAMPS
00:00 Introduction Information Venture Partners
02:07 Day to day role of Principal in a VC firm
04:44 Getting into Venture Capital
09:36 Why Information Venture Partners runs a concentrated portfolio
12:14 Available 24-7: Information Venture Partners commitment to its founders
14:12 Advice for working in the VC industry
16:13 Common thread amongst Alex's investments
CONNECT WITH ALEX TONG
https://informationvp.com/
https://www.linkedin.com/in/alextong/
CONNECT WITH GEORGE
http://instagram.com/fintechorama
http://twitter.com/fintechorama
https://www.linkedin.com/in/georges-aliferis-caia-60078312/
Improving Capital Allocation Outcomes - Bill Kelly, CEO of the CAIA Association
In this Career Talk episode of The Fintech Files, George Aliferis speaks to William J. (Bill) Kelly, protector of the investor, global ambassador, and CEO of the CAIA Association. We discuss his career, the role of certifications such as the CAIA, and alternative investments.
CAIA is the global professional body dedicated to alternative investments, seeking greater alignment, transparency, and knowledge for all investors.
► Listen everywhere: https://pod.link/the-fintech-files
► Watch on YouTube: https://www.youtube.com/thefintechfiles
🧑🏽🎓Registrations are now open for the March 2022 CAIA exam: https://bit.ly/CAIAexam
TIMESTAMPS
00:00 Introduction: Bill Kelly, CEO of the CAIA Association
02:57 Bill's career in investment management
06:01 Moving to Alternative Investments
08:28 The Liability approach to portfolio construction
10:34 On the democratization of alternatives
14:25 The CAIA, Accreditations and Careers
CONNECT WITH BILL KELLY
https://www.linkedin.com/in/william-j-kelly-ab50a947/
https://twitter.com/CAIA_BillKelly
https://caia.org/
CONNECT WITH GEORGE ALIFERIS
http://twitter.com/fintechorama
http://instagram.com/fintechorama
https://www.linkedin.com/in/georges-aliferis-caia-60078312/ #CAIA
Tokenization: The $24 Trillion Digital Asset Play | Hirander Misra - GMEX, SECDEX
The World Economic Forum estimated that 10% of global GDP could be stored on blockchain by 2027, an estimated $24 trillion. We discuss the process of tokenization, its benefits and the bridging work that is required to make it fulfil its promises - with Hirander Misra from GMEX.
The Fintech Files is brought is a podcast uncovering the future of finance and investing, brought to you by Orama.tv and hosted by George Aliferis.
Listen on every podcast platform https://pod.link/the-fintech-files
TIMESTAMPS
00:00 Intro: Tokenization will impact trillions of dollars of value
01:24 How Digital Assets are created
03:05 The tokenization process
09:15 Tokenize your future
11:14 The Dog coin story (not Doge although they are related)
15:30 On Regulation of crypto offerings
21:38 Bridging Defi and Cefi
24:12 What can we expect in terms of the competing blockchain protocols
27:12 Blockchain ecosystems
28:31 The short term outlook for networks of networks
31:07 One wallet for all your assets?
35:44 Embedded investing and monetizing your own data
USEFUL LINKS
CONNECT WITH HIRANDER MISRA
https://www.gmex-group.com/
https://www.linkedin.com/in/hirander-misra-900379
🎧More about the Podcast🎧
► Podcast (audio): https://pod.link/the-fintech-files
►Linkedin https://www.linkedin.com/company/76243155/admin/
🔥Community & Education🔥
►Course on Alternative Investing: https://bit.ly/3mD1Irs
► Join the Discord: https://discord.gg/hArqYBX3v4
► Alternative Investments Educational Newsletter: https://forms.gle/cJ6AkyyLT7cvhHKQ7
💰Money & Investing💰
► Blockfi - https://blockfi.com/?ref=cf75f918 (Earn interest on crypto!)
► Coinbase - https://www.coinbase.com/join/alifer_dx (Get $10 in BTC)
► Wise - https://wise.prf.hn/l/7oo8zRE (Transfer up to 500 GBP free)
►SaxoTrader (for options) https://www.home.saxo/en-gb/accounts?cmpid=web_gb_ref&refid=00c3f43a-532f-47ac-922a-33d904baa8d0
👉Connect👈
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►http://twitter.com/fintechorama
►https://www.linkedin.com/in/georges-aliferis-caia-60078312/
The VIX (Volatility Index): Deep Dive | Christian Kahl - Fincad
This is a Deep Dive into The VIX (Volatility Index) and its futures
TIMESTAMPS
00:00 Introduction to Volatility
03:44 Volatility as an asset class
08:09 How the VIX is constructed
10:10 The VIX Futures
12:53 Tradeable instruments on the VIX
15:39 How to use the VIX and what type of investors is it for
QUOTES
Implied volatility levels for any typical equity for low strikes is higher than for high strikes which give you an indication of the inverse correlation [between stocks and volatility]. The inverse correlation for equity is something fundamentally inherent in principles of corporate finance.
The principle of having deeply uncorrelated assets is a fundamental proposition of modern portfolio theory. If I pick two decorrelated assets. I build an efficient frontier. And my portfolio sharpe ratio should increase. So looking for hedges, looking for ways to diversify your portfolio is something very fundamental in the principles of portfolio investment.
Trading volatility is far from straightforward. You might think you bought a call option that you bought yourself, some volatility exposure. But you might be left with very little volatility. And if this is really the starting point for over the counter products emerging, which give you outright exposure to the future implied volatility of the instrument. Like the VIX futures...
LINKS
https://www.fincad.com/
https://www.linkedin.com/in/christian-kahl-5959b66
🎧More about the Podcast🎧
► Podcast (audio): https://pod.link/the-fintech-files
►Linkedin https://www.linkedin.com/company/thefintechfiles
🔥Community & Education🔥
►Course on Alternative Investing: https://bit.ly/3mD1Irs
► Join the Discord: https://discord.gg/hArqYBX3v4
► Alternative Investments Educational Newsletter: https://forms.gle/cJ6AkyyLT7cvhHKQ7 💰Money & Investing💰
► Blockfi - https://blockfi.com/?ref=cf75f918 (Earn interest on crypto!)
► Coinbase - https://www.coinbase.com/join/alifer_dx (Get $10 in BTC)
► Wise - https://wise.prf.hn/l/7oo8zRE (Transfer up to 500 GBP free)
► Long-term investing https://wealthyhood.com?grsf=2fx2pv
👉Connect👈
► http://instagram.com/fintechorama
►http://twitter.com/fintechorama
►https://www.linkedin.com/in/georges-aliferis-caia-60078312/
Career Talk: Exchanges & Market Technology with Hirander Misra, GMEX
A conversation with Hirander Misra (Chairman & CEO of GMEX Group, SECDEX) who has been a financial innovator for decades and now leads various ventures into the future of exchanges and financing. We discuss: How he started in finance; How he found his niche at the intersection of markets and technology; How he founded Chi-X, and then GMEX; What he's looking for in a candidate; His advice for younger generations
LINKS
https://www.gmex-group.com/
https://www.linkedin.com/in/hirander-misra-900379/
🎧More about the Podcast🎧
► Podcast (audio): https://pod.link/the-fintech-files
►Linkedin https://www.linkedin.com/company/76243155/admin/
🔥Community & Education🔥
►Course on Alternative Investing: https://bit.ly/3mD1Irs
► Join the Discord: https://discord.gg/hArqYBX3v4
► Alternative Investments Educational Newsletter: https://forms.gle/cJ6AkyyLT7cvhHKQ7
💰Money & Investing💰
► Blockfi - https://blockfi.com/?ref=cf75f918 (Earn interest on crypto!)
► Coinbase - https://www.coinbase.com/join/alifer_dx (Get $10 in BTC)
► Wise - https://wise.prf.hn/l/7oo8zRE (Transfer up to 500 GBP free)
►SaxoTrader (for options) https://www.home.saxo/en-gb/accounts?cmpid=web_gb_ref&refid=00c3f43a-532f-47ac-922a-33d904baa8d0
👉Connect👈
► http://instagram.com/fintechorama
►http://twitter.com/fintechorama
►https://www.linkedin.com/in/georges-aliferis-caia-60078312/ #exchanges
Career Talk: Quantitative Finance with Christian Kahl, Fincad
This is an interview about Careers in Quant Finance with Christian Kahl, MD, Head of Product Strategy and Client Service at Fincad. Fincad is a leading provider of advanced valuation risk solutions for derivatives and fixed income analytics.
Christian holds a PhD in Maths and his career spans 20 years in various leadership roles in quantitative finance.
TIMESTAMPS
00:00 Career Talk: Quant Finance w. Christian Kahl, Fincad
00:17 Introducing Christian and Fincad 02:10 From Maths studies to Quant in finance
03:29 The evolution of quantitative finance education
04:43 The diversity in quant careers
07:37 Christian's approach to recruiting Quants
QUOTES
"Back in those days, a lot of people entered the domain of quantitative finance from a PhD background in mathematics and physics. Part of which is the fact that there wasn't a formal education in financial mathematics, quantitative finance, and definitely a lot less than what we've seen today."
"Quantitative finance is a term very widely used across the industry. There are quantitative analysts that sit on the sell side of trading floors writing quantitative libraries in C plus; there are quants in hedge funds supporting various forms of trading activity, trying to get an edge on the market; there are also quantitative analysts in various forms, across risk departments advisory boards, and so forth."
"Client communication is a core aspect of day to day activity [in my team], which somewhat lessens the burden of deep technical skills. It requires us to strike a balance of communication skills as well as technical education."
"I'm a great fan of hiring for talent and potential. And what I'm looking out for in a candidate is a curiosity in mathematics and the skills to learn new things."
🎧More about the Podcast🎧
► Podcast (audio): https://pod.link/the-fintech-files
►Linkedin https://www.linkedin.com/company/thefintechfiles/
🔥Community & Education🔥
►Course on Alternative Investing: https://bit.ly/3mD1Irs
► Join the Discord: https://discord.gg/hArqYBX3v4
► Alternative Investments Educational Newsletter: https://forms.gle/cJ6AkyyLT7cvhHKQ7
💰Money & Investing💰
► Blockfi - https://blockfi.com/?ref=cf75f918 (Earn interest on crypto!)
► Coinbase - https://www.coinbase.com/join/alifer_dx (Get $10 in BTC)
► Wise - https://wise.prf.hn/l/7oo8zRE (Transfer up to 500 GBP free)
►SaxoTrader (for options) https://www.home.saxo/en-gb/accounts?cmpid=web_gb_ref&refid=00c3f43a-532f-47ac-922a-33d904baa8d0
👉Connect👈
► http://instagram.com/fintechorama
►http://twitter.com/fintechorama
►https://www.linkedin.com/in/georges-aliferis-caia-60078312/
Finding an Edge in Financial Markets | Jim Osman - The Edge Group
This is the inaugural episode of The Fintech Files podcast v2.0
In this episode, I'm speaking with Jim Osman the founder of The Edge Consulting, a research boutique specialising in sourcing special situation investments, such as spinoffs and activist ideas.
In this new edition of the podcast, we will separate the conversation into two parts.
First, we are going to talk about careers.
Then, we will break down a specific financial or fintech topic. In this episode, it will be Special Situation investing.
ΤΙΜΙΝGS
00:00 Intro
01:30 Career Talk
19:30 Special Situations Investing
LINKS
https://twitter.com/EdgeCGroup
Alternative Data: The Last Informational Advantage? | Mark Fleming-Williams - Exabel
LINKS
www.linkedin.com/company/exabel/
www.linkedin.com/in/mark-fleming-williams-454a9a/
www.exabel.com/
Quant Investing & the Quest for Alpha | Nicolas Rabener - FactorResearch
Nicolas Rabener is the managing director of FactorResearch, which provides quantitative solutions for factor investing.
FactorResearch publishes a free newsletter that is the reference for factor investing and quantitative strategies.
Through its Analytics Platform, the company empowers investors to analyze their portfolios and potentially find better ones.
Building The Core of Fintech by Putting Developers First | Bryan McCarty - Moov
We are investigating what it’s like to be at the core of fintech and to head the marketing there.
Moov makes it easy for developers, platforms, and marketplaces to accept, manage, and distribute money. In December 2020 Moov has raised $27 million in a Series A funding round led by venture firm a16z.
Algorithmic Trading Deep Dive: Transparency, Control and Best Execution | Joe Wald - BMO Capital Markets
We are exploring the world of algorithmic trading for institutional investors.
BMO Capital Markets is a leading, full-service North American financial services provider, offering a complete range of investment and corporate banking products and services.