Mary Callahan Erdoes

Looking forward to #DigitalAssetsWeek in May and my panel discussion: The CBDC and Stablecoin 2024 Evolution!

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All areas of commerce are benefitting from data analysis, and our industry is no different. And when it comes to hard data, Henry Schwartz is among the very best. Good, punchy interview here fresh from the OIC on many hot topics in the listed options space, including the rise of the "ProTail" customer using options strategically. #Options #OptionsStrategies #Cboe #SPX #VIX #XSP #OIC #0DTE

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Thanks to Paula Campbell Roberts from KKR for joining us this month on our How Should I be Positioned podcast. We great conversation about the current state of the US economy, as well as the outlook for inflation, growth, interest rates, and market volatility over the next five years. One thing that we agree on is that the US economy is in a new macro regime. This has implications for strategic asset allocation decisions, which we also discuss. Listen to the podcast for all the details. #shareubs https://lnkd.in/eJasj_EZ  

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A great discussion last week with Rashi Talwar Bhatia in Ashmore’s latest webinar, covering the opportunities we see in the India Equity universe. While there are some near-term challenges which remain unabated, the long-term structural outlook remains strong in our view. You can watch the full replay of the webinar here: https://lnkd.in/dZWg3tW9 #India #IndiaEquity #EmergingMarkets

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Interesting article from Douglas Appell in Pensions & Investments about the post-ZIRP, “higher for longer” interest rate environment that boils down to advocating for the pursuit of satisfactory investment outcomes that are relevant to asset owners’ actual spending needs and goals, rather than continuing the historically common practice – and expected future folly – of tethering one’s equity beta to that of an equity benchmark whose performance from today’s elevated levels is widely expected to be sluggish and insufficient to fund minimum liabilities (ie: payout rates, actuarial hurdles, spending goals, etc.).   Quoting the inimitable Ben Phillips, “In that world, the relevant benchmark becomes the client’s required cash flows.”   Fresh perspectives and new ideas are warranted. Satisfactory outcomes not benchmarks.

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I had the opportunity to see this presentation live and would strongly recommend it to anyone wrestling with complex excel-based models in Capital Markets. #AnaplanConnect #ConnectedPlanning #CapitalMarkets

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Another timely piece form JPMAM Chief Investment Strategist, Michael Cembalest about investing in professional sports leagues and related businesses. As rules around private equity ownership of sports leagues expand, we review team valuations and profitability, emerging sports categories, streaming and broadcast revenues, the decline of regional sports networks, drivers and comparisons of league parity, relegation and financial pressures in the English Premier League, stadium subsidies, sports betting and other adjacent businesses, antitrust issues, the esports winter, the worst teams that money can buy, and the best basketball players of all time.

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Are you getting the most out of your collateral? My colleague, Ryan Bond, CFA, MBA, PMP, explores ways to do just that in his latest article. #Investmentmanagement #Assetmanagement #InvestmentOperations #collateral

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As the DOW Jones closed above 40,000 for the first time in its history, Olaolu Aganga recently joined the team on CNBC’s Closing Bell to discuss our playbook in alternatives and current strategic and tactical asset allocation views. Through what many have described as a “supercycle” election year, we see large asset owners seeking out stability in longer-term allocations to alternatives – including private credit and private equity. Typically marked to market at a slower rate, exposure to alternatives can provide important stability through more volatile periods. Balancing strategic and tactical decision making across portfolios is all about assessing risk and return relative to time horizon. Strategically, we’ve been neutral on Europe for some time, but tactically, we’ve been looking internationally to capture opportunities across emerging markets, most recently in China where we see valuation distortion. Join the Mercer Investments team and Olaolu Aganga LIVE in Nashville for the Global Investment Forum June 10-12: bit.ly/3Vm71yw

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Investors can uncover investment insights by leveraging AI to read and synthesize company statements and corporate filings. In this short article, Yuyu Fan and I show how these techniques can be applied to extract the “mood” of earnings call transcripts. AllianceBernstein https://lnkd.in/eweU9xiQ

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This month marks the 17th anniversary of our John Hancock MLK Scholars Program, and we’re excited to welcome another outstanding group of 22 young Boston-area adults into the program. Participants, 16-18 years old, will spend their summer with us tackling meaningful job experiences right here in our corporate offices and in other community-based organizations in the city.    Since its inception in 2008, our MLK Scholars Program has invested more than $16 million to provide 6,000 young adults with meaningful job experiences. One of the primary goals of the program is to level the playing field for young people who don’t have equal access to the work experiences and networks that are key to building long-term skills, self-confidence, and financial empowerment.    The program provides guidance on career readiness and financial literacy to help participants grow as leaders in the office, the classroom, and the greater community. The program also benefits local nonprofit organizations that employ MLK Scholars, providing them with an opportunity to engage Boston’s diverse student population in potential career paths in their industries – with some students even returning as college interns and full-time hires after college.    As we welcome another group of outstanding students this year, I can’t help but think of a quote from our program’s namesake, who once said, “the function of education is to teach one to think intensively and to think critically. Intelligence plus character – that is the goal of true education.”    I couldn’t have said it better myself.

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Over 240 firms added 450+ strategies to the Nasdaq eVestment platform in 1Q24 for visibility with consultants, intermediaries, and investors. The newly marketed strategies were added by firms domiciled across 30 unique countries spanning from Australia to Singapore to Switzerland, and 28% indicated integration of ESG considerations into their respective investment processes. From a geographic standpoint almost 200 were broadly diversified (i.e. had a global investment focus) in nature, however, in total the newly promoted strategies spanned over 30 different regions across #balanced, #equities, #fixedincome, #hedgefund and #realestate capabilities. Please see the link below for further details… (managers please do contact the Nasdaq eVestment team should you have questions regarding optimizing presence/visibility, opportunities, and relevant trends/insights of those areas where your firm has expertise!).

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When it comes to offering investment options clients can feel confident in, Fidelity has you covered—with solutions like Fidelity Model Portfolios that benefit from our long history of managing risk-based portfolios. Our model portfolios are a great example of how we use our deep research and investment resources to help your clients meet their goals. Check out how they can aid in portfolio management while giving you more time to deepen client relationships. https://bit.ly/3wrK2rM #advisors #modelportfolios

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One thing I value about Meradia is that I am always learning from my colleagues. This brief article by Ryan Bond, CFA, MBA, PMP reminding us about the value of collateral management is just another example of the expertise Meradia can bring to the table. #meradia

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Congratulations to Salim Ramji, Vanguard's incoming CEO! We view Ramji's recruitment as "in line with recent trends: elevating well-rounded executives with 'multidimensional skills' in areas such as strategy and technology for the top spots at asset management firms. That’s in contrast to earlier generations of leadership, dominated by investment or sales professionals." See our recent whitepapers on skills rotation and leadership transitions (links in comments). Great reporting by Douglas Appell! #assetmanagement #leadership #recruitingtrends https://lnkd.in/eAWU2u78

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Investors prioritize outcomes, aiming for quality results while minimizing disappointments. How can we maximize our desired outcomes effectively? In the fixed income sector, the potential upside is known, and current yields offer more potential gains than in recent history. Learn about quality investing from Ben Hayward at TwentyFour Asset Management. Read more: https://bit.ly/3WRn1JB #Vontobel #FixedIncome

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