VettaFi’s Post

Toby Goodworth sat down with EQDerivatives, Inc last week to discuss the increased interest in hedge fund strategies, with investors seeking positive returns and heightened diversification in a landscape that is still somewhat turbulent. Read more here: https://okt.to/lWASzy #hedgefunds #investing #onyourside

When Brian Niccol was named CMG's CEO, a hedge fund hired me to interview former peers and direct reports to gain insights on his management style/skills. That feedback remains among the most positive of any exec check I've done in >15 years. Niccol takes the reins at SBUX today, and while the challenges aren't identical, it will be interesting to hear his priorities and plan to turn around another chain. I wouldn't bet against him. #SBUX, #CMG. #InvestigativeResearch, #hedgefunds

🚀 Exciting News from Money Magnet! 🚀 We're thrilled to announce the launch of our latest venture: Money Magnet Fund II! 🌟 📈 What’s New? Swiss-Based Hedge Fund: Now on Bloomberg & Vienna Stock Exchange! Cutting-Edge Strategies: Bringing our proven track record to new heights! Don't miss out on the chance to be part of our next big success story. 🌐💼 👉 Invest Smart. Invest with Confidence. Learn more and join us on this exciting journey! Visit our website for details: moneymagnet.ae #MoneyMagnet #HedgeFund #InvestmentOpportunity #Finance #StockMarket #SwissFinance #Bloomberg #ViennaStockExchange #WealthManagement #InvestmentConsultant #Investment #FundsManagement #invest #NewFundLaunch #FinanceIndustry #USMarket 🌟

#NEWEPISODE 🚨 Raise Your Average Episode #64: Tobias Carlisle, Managing Principal, CIO, Portfolio Manager, Acquirers Funds LLC ⚫ Hosted by Pierre Daillie (AdvisorAnalyst.com) + Mike Philbrick (ReSolve Asset Management Global*) In this episode, we talk to Tobias Carlisle, Managing Principal and Chief Investment Officer at ACQUIRERS FUNDS, LLC, and portfolio manager of ZIG and DEEP ETFs. Toby shares his approach to value investing and the historical perspective he brings to the art of investing. Watch it here: https://lnkd.in/gb27J3WC +Check out this preview ⬇

Marius Fenwick, CFP®, WealthUp, Matthew Pouncett CA(SA), CFA, Laurium Capital, and Melvyn Lloyd, INN8 Invest, STANLIB, discuss what kind of client #HedgeFunds would be appropriate for👉 https://lnkd.in/ekhYzdp3 In this Fund Fit session, we explored the hedge fund space and looked at what their role is in a client’s portfolio and what the perception of this type of fund is.

Discover the insights of Quentin Velleley, CFA, PM of Third Avenue’s International Real Estate Value Strategy, as he delves into the dynamic investment landscape for global real estate in his latest interview with Jacob Wolinsky of Hedge Fund Alpha (formerly ValueWalk). Learn how the fund's unique value-oriented approach uncovers high-potential investments like Helical plc and Storage Vault. Read the full interview here: https://lnkd.in/e2vrFkne #REIFX #valueinvesting #realestate

Third Avenue Management offers a fresh perspective on international real estate investing. In a recent interview with Hedge Fund Alpha, Quentin Velleley, CFA, Portfolio Manager of Third Avenue's International Real Estate Value Strategy, shares valuable insights. Dive deeper into the dynamic world of global real estate investing with this expert analysis. #RealEstateInvesting #ValueInvesting #GlobalMarkets All opinions expressed in the foregoing are solely the opinions of the author and do not reflect the opinions of FLX Networks or its affiliates. You should not treat any opinion expressed in this material as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of that author’s opinion.

Jim Simons was known as one of the greatest investors on Wall Street and the most successful hedge fund manager of all time. Simons worked as a mathematician & professor at various prestigious institutions, including MIT and Harvard University. In the late 1970s, Simons shifted his focus to finance and founded Renaissance Technologies in 1982. Renaissance Technologies pioneered the use of quantitative strategies and mathematical models to make investment decisions. The flagship fund of Renaissance, the Medallion Fund, achieved gross returns of 66% between 1988 to 2018, averaging around 39% annually after fees. Jim Simons was a visionary mathematician and investor whose innovative approach to finance led to the creation of one of the most successful hedge funds in history. #jimsimons #quantinvesting #sp500 #dowjones #nasdaq #stocks #stockmarket #stockmarketinvesting #compounding #returns #stockportfolio #personalfinance #hedgefunds

Warren Buffett: “Henry Singleton of Teledyne has the best operating and capital deployment record in American Business.” 📈 On November 28, 2007, famous hedge fund manager Leon Cooperman presented a the Value Investing Congress. 🗣 Somehow I got the presentation and saved it. Wouldn’t have been necessary, you can as well google it and find it. 🔎 It is still a wonderful document on the genius of Henry Singleton and a thoughtful analysis of share buybacks. 💭 Please follow me through one example. In 1984, Teledyne made a self-tender offer. ⭐ Look at this amazing move: ↳ Stock trades at $155.75 x 20.3mm shares = $ 3.16 B market cap the day before the tender ↳ The buyback is 8.7mm shares x $200 = $1.74 B ↳ New Shares Outstanding = 11.6mm for a 42.9% reduction! 90 Days Later: ↳ Stock Price $300 x 11.6mm shares = $3.48 B Market Cap ↳ Despite the large buyback the market cap rose by $320mm ↳ Dr. Singleton used cash in the offer and not debt. The right move when interest rates were high and about to decline. Who is the Henry Singleton of today?

Share buybacks: a brilliant study by Leon Cooperman. Thank you Robert Karas, CFA for posting. Page 18: Observed Types of Buybacks Type 1: No opinion on valuation, but management’s attempt to merely offset option dilution to avoid shareholder flack over option creep. Type 2: Very nefarious conduct on the part of management where companies actively buy back stock to accommodate executives happy to exercise options and sell their stock back to the company at better prices than they would have otherwise received. Type 3: Management has no opinion on valuation, but is simply returning money to shareholders via repurchase as opposed to a dividend. The reasoning goes as follows: dividends are forever whereas if corporate circumstances change, they can always suspend the buyback program. When I hear that, I remind managements that with the average stock yielding 2%, for every share a corporation buys back, they are buying back 50 years of dividends in one shot. In our view, if a reasonable dividend turns out to be mistake, the corporate purchase program would turn out to be a disaster. Type 4: The last type of repurchase program is the one that we like and the one that Warren Buffett obviously identified with when he made his comments in the early ’80’s. That type of program is where managements have correctly identified a mispricing of their equity and by retiring shares they are going to leverage returns to the long-term equity holder. Regrettably, all too few managements have shown an astuteness in identifying such valuation. Page 37: Exhibit 37 Considerations for Determining Whether Stock Repurchase Makes Sense 1. Are we buying back stock at a discount to private market or merger market value? 2. Do we have a growing business that will be worth more over time—e.g. what does our five year budget produce in the way of a present value of the income flow? Are we at a sufficient discount to that derived value—e.g. 15-20%? 3. What does the buyback add to our cash flow and earnings per share? 4. Since we live in an uncertain world, our advocacy is not to buy back so much stock as to radically change the risk profile of the corporation.