Paul Tanner

This article aims to shed light on the critical aspects of fee transparency so plan sponsors can best help the plan but also relay relevant details to participants. https://ow.ly/XnbQ50RspwI

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📢 New: Managed Asset Portfolios Monthly Roundtable - August 2024 Join us as Michael Dzialo, President and CIO, and Karen Culver, Senior Portfolio Manager, discuss the recent market volatility, including the dramatic shifts in performance over the past few weeks. Watch here:  👉https://lnkd.in/eCBzeB-p  #ManagedAssetPortfolios #Volatility #Economicgrowth #Webinar #InvestmentInsights #ValueInvesting #InvestmentOutlook #stockmarket #performance #investing #EconomicAnalysis #MarketInsights #Inflation #InterestRates

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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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If you think portfolio risk management is just about diversification, think again. This article sheds light on some surprising strategies that challenge common perceptions. Here are some thought-provoking takeaways: - Did you know that reducing the number of investments in a portfolio can sometimes actually decrease risks? It's all about strategic selection. - Contrary to popular belief, actively managing risk doesn't necessarily mean more frequent trading. In fact, a hands-off approach can be a smart move. - One of the key points discussed is the importance of understanding the correlation between investments, a factor often overlooked in risk management strategies. - Asymmetric risk and the role it plays in portfolio management is explored, offering a fresh perspective on balancing risk and return. - Ever considered tail risk hedging? This article dives into this lesser-known strategy that can enhance risk management effectiveness. Share your thoughts and feelings on these unconventional risk management strategies. https://lnkd.in/ecgSpH93

A great article by Michael Swinsburg on the evolving role of the COO, highlighting how they are transitioning from behind-the-scenes to front-facing leaders, managing diverse teams and geographies to drive strategic growth and innovation. The focus on resilience, renewal, robustness, and relationships is spot on, particularly in today’s complex and fast-changing landscape. https://lnkd.in/gjcjJqZW

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In our most recent Quarterly Letter we discuss the Florida Land Boom of the 1920s, why value managers "cheat", and the importance of an antifragile investment strategy

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How is #NuveenInfrastructure’s clean energy team reducing carbon emissions while generating critical clean power globally? Read the 2023 clean energy infrastructure sustainability report, which includes a detailed overview of avoided emissions across our equity and credit strategies, how we incorporate physical climate risk considerations into our investments, as well as how we aim to protect marine life during offshore wind construction.

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A Marriage Made in Heaven (Part 2) Credit Manager and Commercial Bank working together can make for a Powerful Partnership with the following traits: - Structured creatively, a Partnership produces Double-the-Deal-Flow as originations come from both the Bank and Private Credit manager - Focusing on Direct Lending in the Core Middle Market typically offers better spreads and better terms v. the Upper Middle Market - Bank discipline in Lending emphasizes a conservative approach, more so than private credit lenders as demonstrated by Lower Default rates and Lower Loss rates - A proven history working together, with like-minded credit cultures - Well-Structured deals with Strong Credit Documentation including Tight Covenants Conservative lending, focusing on non-cyclical businesses - Lower Leverage ratios supported by strong and stable businesses - Ancillary products and services for borrowers, with a bank bringing a lot to the table including cash management, revolving lines of credit, interest rate protection products and FX, services/offerings beyond the domain of Private Credit managers Case in point - Marathon Asset Management & Webster Bank announces its first deal together Curtis Lueker and Andre Paquette

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Novogradac released a report last week highlighting how value still remains in Opportunity Zone investments, despite the approaching 2026 deferral deadline on capital gains. Looking ahead to 2025, experts predict a potential uptick in OZ activity, with Alex Flachsbart of Opportunity Alabama noting that “people who are investing now are doing it for the 10-year hold benefits.” On the topic of the Opportunity Zones Transparency, Extension and Improvement Act, Flachsbart remains hopeful that OZ reform will be included in 2025 tax legislation. 

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We are delighted to announce that Managed Asset Portfolios, LLC (MAP) has achieved Top Guns status for its U.S. Multi-Cap Value Strategy for Q2 2024. 🏆📈 Read press release: 👉 https://lnkd.in/eqDHD8Kp #ManagedAssetPortfolios #Investing #StockMarket #Awards #ValueStrategy #BestMoneyManagers #TopGunsManager

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📢 Join us for our July Webinar where we discuss the market’s performance this year, market concentration, and potential macro events that could drive performance in the back half of the year. Watch here 👉 https://lnkd.in/d_XX-P65 #ManagedAssetPortfolios #Webinar #InvestmentInsights #ValueInvesting #InvestmentOutlook #stockmarket #performance #investing #EconomicAnalysis #MarketInsights #Inflation #InterestRates

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Amid tightening spreads and market shifts, we discuss the complexities of the securitized sector and exploring opportunities in undervalued areas like commercial real estate and asset-backed securities.

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Here is a great article about PE investing and how to win in the future. We are hearing a lot of negativity about PE these days, however, there are plenty of terrific PE shops and lots of winners. This article suggests PE is a growing class of buyers. Stay tuned.

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There is a lot of talk about the PE industry not delivering the exits they promised. PitchBook succinctly put it with the title “Behind the J-curve” in its recent in-depth analysis of distribution activity in private market funds. Another side of that story, particularly relevant for secondary buyers like us, is that many private market funds hold their assets at seemingly inflated valuations. TVPI numbers look great for most funds, but they can’t monetize their holdings anywhere near their current NAV, indicating their estimate of “fair market value” is way too optimistic. There is always a market, the price may just not be where you wish it. To a large degree, the reluctance to exit companies results from having them marked too high. Assets were aggressively written up to look good in the short-term, impressing LPs with “paper gains” to raise the next, much bigger fund. #secondaries #privatemarkets

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On Monday morning, the VIX index approached 66, the third-highest reading this century. During times of highly correlated selloffs, it's tempting to get distracted by extreme volatility impacting the portfolio. In our latest post, we share our thoughts on what triggered the spike in volatility and how we are navigating through this environment. https://lnkd.in/gMVB2mqr

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Should be an interesting conversation on preparing businesses for sale in todays market. Please join if you can.

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Former Federal Reserve (Fed) Chair Janet Yellen likened the 2017-2019 balance sheet drawdown to "watching paint dry," a sentiment echoed in the current quantitative tightening (QT) phase since May 2022, with nearly $2 trillion reduced. With fiscal policy uncertainty ahead, should the Fed consider ending QT earlier? Discover our insights in this week’s #OnTheMindsofInvestors: https://bit.ly/4i1yU7M

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Thanks to Jake Martin at Financial Advisor IQ for publishing an article on our latest survey on advisor demand for private equity. Interestingly, we found that growth equity is a standout sub-strategy, with over a third of advisors indicating that their clients are very interested in it. However, there is more work to be done, as 42% of advisors said that a lack of understanding or knowledge was a primary barrier to private equity demand. At Crystal Capital Partners, LLC, we're committed to bridging this knowledge gap so that advisors can empower their clients to make informed investment decisions. See here for the survey's insights: https://lnkd.in/ePXgTENt #growthequity #financialadvisors #privateequity #survey #alternativeinvestments #investmenttrends For registered investment advisors only. IMPORTANT DISCLOSURE: https://lnkd.in/e3VJtU2Q

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