Paul Deen

What is the Renmac Market Cycle Clock? Jeff deGraaf recently discussed one of Renmac’s favorite tools for analyzing the market on his recent appearance on #TheCompound Download a copy and watch the full explanation here: https://bit.ly/3SbIry3

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Franklin Templeton's Support Fuels Speculation of Solana ETF Franklin Templeton, a trillion-dollar asset manager, has recently lauded the Solana blockchain, triggering discussions about the possibility of a Solana exchange-traded fund (ETF). The company emphasized Solana's swift adoption and technological advancements, positioning it as a vital player in the crypto industry alongside Bitcoin and Ethereum. This commendation follows Franklin Templeton's successful launch of Ethereum ETFs on July 23, which has set the stage for potential developments in the realm of crypto ETFs, including those tied to Solana. Analyst Eric Balchunas from Bloomberg Intelligence anticipates that the launch of Ethereum ETFs could pave the way for further crypto ETFs, including those based on Solana. This speculation gained traction when VanEck filed paperwork for a Solana-focused fund, and other entities like 21Shares have also applied for Solana ETFs with the SEC. Franklin Templeton's recent show of confidence in Solana has heightened expectations that the company may contemplate issuing a Solana-related ETF in the near future. # Thank you Elena Sánchez for your submission!

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This year's thematic winners reflect a change in market leadership. Here are some of the themes performing well YTD. https://lnkd.in/gkiStbdf VettaFi #etfs #themes

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Haaaaaaaaaaave you met our new CME Group Interest Rates website? Eris SOFR swap futures by Eris Innovations - Creators of Eris SOFR Swap futures have a sleek new home. https://lnkd.in/gYjZSz9c Special thanks to Eric Dutram and his team for the creative leg work. Jump in and look around! *Bonus points if you catch the reference in the question* #derivatives #hedging #hedge #interesterates #riskmanagement

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The Fed continues to get more concerned over the Banking Industry's liquidity and interest rate risk management. Bankers know that borrowers who proactively manage their businesses almost never end up in Special Assets so Banks need to be proactive in managing their business as well. Summit can help provide liquidity by buying distressed C&I, CRE and Equipment deals. We also recently launched a new platform to buy performing multi-family deals. Selling non-performing loans improves your net interest margin!

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We have just seen a further pullback in Fed policy expectations for 2024. What are the implications of higher for longer rates for credit investors? Read our Q2 2024 Credit Outlook for an in-depth analysis. https://ow.ly/3nlh50RfHAx

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Starting a #HedgeFund isn’t just about raising capital and running trades. Firms need experienced partners for launch and beyond. For a list of partnerships you need to get up and running, check out this guide: https://ow.ly/7xLs30sBArX #SSNCEze

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The Russell Rebalance is upon us and is a very important annual event. Read about the key details and how to trade the index with CME Group's suite of Russell futures by Payal Shah. https://lnkd.in/eqZ3Ksnt

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BMO SIA FOCUS NORTH AMER EQUITY ETF & BROADCOM INC. ZFN.to #ETF units are up 22.6% Year to Date, compared with a gain of 13.92% for the S&P 500 Index and a gain of 3.53% for the S&P/TSX Composite Index so far in 2024. At the end of May, the largest weighted sectors within the fund were Information Technology, Industrials, Consumer Discretionary and Energy. Today’s featured holding, Broadcom* Ltd. (AVGO) has been consistently held in the fund since January of 2023. It has been in the news this week around the announcements of quarterly earnings and a 10 for 1 stock split. Click the link for full report: https://lnkd.in/gJQREw3P

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Colleagues, paradoxically, prices -- the basis for multiples -- are unreliable, and value is in the herd, not in differentiation. It's a bit long. I could've left out the FOMC bit, I suppose! https://lnkd.in/gtaQbrRQ #stocks #investing #stockmarket #FOMC

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Operational efficiency is critical to maximizing returns and minimizing risks for your new #HedgeFund. Learn how to gain this competitive advantage at the start: https://ow.ly/trAs30sBMSe #SSNCEze

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Inside Asian Success To celebrate Asian Heritage, Himalaya Quantitative Solutions, partnering with Vibrant Pittsburgh, hosted a series interviews called Inside Asian Success to showcase Asian Americans and their paths to success. We interviewed six distinguished guests. Each one of them has had a unique path to embrace both Asian and American Cultures, to work hard, to be bold, open-minded, and eager to learn. Most importantly, each one of them is super kind and always willing to help others succeed. George Kurian, CEO of NetApp. Topic: Harness the best of different cultures Xihao Hu, CFO of  TD Bank, Topic: Successful Sales in Asian Way Buck Gee, Entrepreneur, former VP at Cisco, and executive advisor. Topic: Do not let fear of failure stop you. Wesley Hom Hom, Former IBM Vice President and Managing Director, Executive Advisor to Asian Non-Profits. Topic:  The path to be a corporate executive. Sharon Feng, Director of Corp Science and Technology, PPG Industries and Independent Director, Board of Directors, Koppers. Topic: Break the Bamboo Ceiling Dr. Ming Wang, World Renowned Laser Eye Surgeon. Topic: A Journey of Hardship to Healing The interview video are posted on https://lnkd.in/dr8gwSi5 #Asian #Diversity

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Blue Owl Capital is acquiring Atalaya Capital Management, an alternative credit manager, for $450 million. This strategic move will enhance Blue Owl's credit and asset-based finance capabilities, adding over $10 billion in assets under management. Atalaya focuses on asset-based credit investments across various sectors and manages over $10 billion in assets. Post-acquisition, most of Atalaya’s 115 employees, including founder Ivan Zinn, will join Blue Owl. Zinn will lead the alternative credit segment under Craig Packer. The deal includes $350 million in Blue Owl equity and $100 million in cash, with an additional potential earnout of up to $350 million in equity, contingent on future revenue targets. This acquisition reflects a growing trend of consolidation in the alternative credit space. Blue Owl's expansion into asset-based finance signifies increasing demand for versatile and specialised credit offerings.

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For you #traders amongst us, join my Interactive Brokers (thousands have in the past year) webinar today on #shorting with Broad Sentiment. To succeed, you need probabilities on your side. https://lnkd.in/guFYXcYT

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Our Corporate team have identified USD800bn of debt sitting on cusps of the ‘A’ and ‘BBB’ categories. At the ‘A’ level, USD550m belonging to Chinese issuers with IDRs linked to the sovereign, but the cusp list also includes Intel and PECO Energy Company in the U.S. The split of debt on the cusp of the ‘BBB’/‘BB’ categories is more balanced, although leans slightly more towards downgrades, with 26 potential fallen angels (USD180bn aggregated debt), compared to 17 potential rising stars (USD120bn aggregated debt). Boeing’s debt accounts for about one-third of the total debt of all potential fallen angels, following its Outlook revision to Negative. The free-to-air summary from colleagues Emmanuel Bulle and Tatiana Kordyukova, highlighting individual issuers, is at https://lnkd.in/eKVn56-r; the full report for subscribers is at https://lnkd.in/ewP7G2nT. #fitchoncredit #investmentgrade #creditratings

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Marathon Asset Management’s Opportunistic Credit team has seen a strong pick up in Liability Management Excercises (LME) by companies to de-lever by exploiting weak debt covenants, and avoid the costly bankruptcy process, while receiving a new money capital solution deal from an opportunistic credit investor. Creative Capital Solutions can help support businesses in growing into their capital structure and navigating a period of uncertainty.

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Come join our Market Update today at 1:30pm EST! On the call we will review many of the key economic and market indicators that we use on a daily basis to find clarity amidst confusion.

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