Anthony Scaramucci

It was great to be back in Boston last week, reconnecting with returning Institute members and meeting new market and investment leaders! We are excited for the events and research areas we have coming up in the next few months! #ocio #investmentsolutions #investmentmanagement #investmentconsulting

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❗️Critical Compliance for Fund and Asset Manager Marketers: How do you stay compliant while implementing digital marketing and AI to elevate your fundraising? ➡️ Join us at the Revenue Revolution Symposium at the Questrom School of Business, Boston University to explore this and other critical business development issues in the digital age. 🎤 Featured Speaker: Derek Stern, Head of Global Distribution Compliance at Manulife Investment Management and John Hancock, and a panel of legal and compliance experts will provide crucial insights on navigating compliance in our online era: 1️⃣ Compliant Growth Strategies - Explore techniques to expand your digital presence and engage investors without crossing regulatory boundaries. 2️⃣ Surviving the New SEC Marketing Rule - Understand how to optimize your marketing strategies while complying with the latest regulations. 3️⃣ Thriving under multiple regulators - Learn how to grow your business while complying across multiple jurisdictions and regulations. 📍 Event Details: Join us on May 29, in Boston or online, for this groundbreaking symposium, sponsored by the Digital Business Institute BU. 📅 Act with Urgency: The regulatory landscape is swiftly evolving—stay ahead of the curve. Register now: https://lnkd.in/eYynjitW #DigitalMarketing #Compliance #AssetManagement #QuestromMeansBusiness #DigitalRevolution

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[PODCAST] Higher for longer interest rates are having profound effects on endowment and foundation portfolios across the US. The volatility this creates is making it more challenging to construct portfolios for the long-term and creating questions around liquidity management. Bill Burns and Meggan O'Shea join Texas Hemmaplardh in the latest episode of Critical Thinking, to discuss how these investors are navigating regime change. bit.ly/4cjOGXY

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𝗟𝗮𝘄𝗿𝗲𝗻𝗰𝗲 𝗘. 𝗚𝗼𝗹𝘂𝗯 joined CNBC's 𝗗𝗮𝗻 𝗠𝘂𝗿𝗽𝗵𝘆 on the ground at Milken Middle East and Africa Summit to share why there's reason for optimism heading into 2025: "The skill and adaptation that PE firms have shown really demonstrates how good PE is in the U.S. economy. We're getting to a point where confidence in the economy, valuations and availability of capital is going to restart that part of the engine." Watch here: https://okt.to/w9eIfr #Milken #MiddleEast #privatecredit #AbuDhabi #CNBC

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Hot off the press from my Cliffwater colleague William Dornbrook: Startups on Sale: The Opportunity in VC Secondaries This paper outlines our perspectives on venture capital secondaries, an asset class at an important inflection point for future growth. Structural changes in private markets, a growing need for liquidity from LPs, and near-term headwinds in the IPO market have led to increased investor interest in VC Secondaries. Amid this backdrop of highly motivated sellers and improving metrics for startup quality, we believe VC Secondaries are priced attractively.

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Golub Capital has partnered with the NYU Impact Investment Fund to establish the Golub Capital Social Impact Investment Education Fund and support its experiential learning program, which provides students with hands-on experience making impact investments and managing a fund. Read more: https://okt.to/qX74wZ #AbuDhabi #privatecredit #NYUStern #impactphilanthropy

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https://lnkd.in/eQrng4UE Eva Ados, Chief Investment Strategist at EntrepreneurShares has been saying all year, that she is "Lovin Applovin". She has good reason. Applovin was the #1 stock in the Russell 1000 Growth and 100% above the #2 constituent BEFORE today's massive 45% increase following exceptional earnings guidance. Now, it is 500%+ ytd. This is the top performing AI stock based on exceptional fundamentals such as expanding margins and explosive revenue growth. It has been one of the main reasons why the Entrepreneur 30 Total Return Index (ER30TR Index) is +48% ytd and leading virtually all other major indices (note: past performance is no guide to future performance). When entrepreneurial leaders such as Jensen Huang (Nvidia), Alex Karp (Palantir) or Adam Foroughi (Applovin) set their sights high, all stakeholders benefit. My Forbes article below discusses in more detail. Past performance is no guarantee of future results. Please refer to the below disclosures: https://lnkd.in/e3tj-Wnx

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I had the opportunity to speak with David Brenchley on his show "Trust Issues", a Kepler Trust Intelligence Podcast. During the interview we discussed BBGI’s low-risk investment strategy, what makes BBGI unique amongst our peers, BBGI’s role in an investor’s portfolio, and our predictable, well covered and progressive dividend. We also discussed the outlook for BBGI and the sector, as sector headwinds seem to be abating. Listen here to the podcast here: https://lnkd.in/dnexbnAX #BBGI #BBGIGlobalInfrastructure #Keplertrustintelligence #KTI #DavidBrenchley #infrastructure #investmentcompany #investmenttrust #infrastructureinvestor #ftse250 #inflationlinkedincome #coreinfrastructure #inflationprotection 

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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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With the 2024 US presidential election on the horizon, the stakes are high for the tech sector and innovation-driven industries. Franklin Equity Group discusses how different election outcomes could shape America's tech leadership and innovation landscape. https://lnkd.in/gBPWe2qH.

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Is the U.S. Economy Stronger Than We Think? At Yale's recent CEO Caucus, 84% of top CEOs expressed optimism, predicting a "soft landing" for the U.S. economy. Surprisingly, 81% were taken aback by the economy’s resilience, despite widespread pessimism in public polls. With inflation dropping and unemployment at historic lows, real wages are growing, and GDP surpassed expectations. CEOs agree: the economy is outperforming the gloomy forecasts. What’s your take on that? Source: https://bit.ly/47Sds0i

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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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𝗕𝗿𝗶𝗱𝗴𝗲𝘄𝗮𝘁𝗲𝗿 𝗼𝗽𝗲𝗻𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝘁𝗼 𝗿𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗦𝘁𝗮𝘁𝗲 𝗦𝘁𝗿𝗲𝗲𝘁 𝗘𝗧𝗙 https://lnkd.in/dCYdE-zK   Risk parity funds for retail investors have not worked well over the past decade or so (and Bridgewater’s All-Weather strategy has also underperformed for some time): the pioneer in the industry (Wealthfront Risk Parity Fund with $1.3bn in AUMs) is going to be liquidated in January https://lnkd.in/dya2H6SZ , and other products have also failed to beat a simpler 60/40 strategy.   This despite the carnage in bond markets in 2022 and the elevated asset correlations (or, more likely, because of…).   I guess it all boils down to the specific strategy used: this product will also use leverage in an ETF, so it will be interesting to see how it plays out. 

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You should listen to Nathan Geraci and I leverage VettaFi sentiment data to talk #ETFs for ‘25. But it’s ok to read the recap Nicholas Wodeshick from the show too. . - Use case for defined outcome, structured protection, and covered calls from NEOS Investments Calamos Investments Innovator ETFs® - Growing interest in CLOs and bank loan #ETFs from Janus Henderson Investors Invesco US Panagram BondBloxx - #Dividend strategies from SS&C Technologies and ProShares - Plus Ben Johnson, CFA commentary Zachary Csillag Troy Cates Tim Urbanowicz, CFA Andrew Nelson, CFA Matt Kaufman, CETF® Frank J. Tirado, MS Jessica Fernandez Michelle DeWitt, CIMA® Rob Stewart Danielle Gilbert Christopher Murphy Paul Baiocchi, CFA Steve Munroe JoAnne Bianco, CFA Joanna Gallegos Colleen Kapoor Cole Feinberg

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Last week, members of TwentyFour's asset-backed securities (ABS) portfolio management team attended the Opal Group CLO Summit in Dana Point, California. With over 2,000 participants, the event showcased the global evolution of the CLO market. Historically US-focused, the conference now sees growing participation from European investors and CLO managers. In his latest blog, Aza Teeuwen discusses why 2024 has been an incredible year for CLOs, but also highlights that tail risk has not gone away and the potential for a bump in the road is substantial. Read more: https://okt.to/jOXDEf #CLOs #AssetBackedSecurities

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In a recent Top of the Morning podcast, Paul H., Daniel Cassidy, and I discussed our recent report assessing the likelihood of a "Roaring '20s" scenario for the US economy. We touched on what the scenario looks like, the key drivers for it to happen, how policy is a wildcard that could make the scenario more or less likely, and general investment implications if it were to happen. Listen to the podcast for all the details. #shareubs https://lnkd.in/eTrGnzCv

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The popular VC Secondary Series interviews have been compiled into a free book available at the Point Capital website. Expanding the series to include PE Secondaries interviews. In this release, Joseph Marks, the Global Head of Secondaries at Capital Dynamics having started his career with Coller Capital, offers his knowledge and perspectives. Published on SecondaryLink. For a copy, DM with your email. “I think we are going to look back and see that this time period was still the early innings. I can see a stable state with these GP-led vehicles becoming a constant and reliable source of liquidity for private equity managers, helping to address the DPI challenges seen recently. We may see GP-leds essentially becoming the third leg of liquidity for GPs (alongside IPOs and M&A transactions), happening when it is needed most…although at a market clearing price.” https://lnkd.in/eZzPTVQe

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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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We are pleased to announce that Wellington Management has won the #100WomeninFinance Americas DEI Industry Awards for the second time. "Wellington is honored to be recognized for our deliberate efforts to hire, develop, and advance a diverse workforce while promoting equity, equality, and inclusion for everyone. As a knowledge-based business focused on achieving investment excellence for our clients, our commitment to DEI enables us to deliver better outcomes. By collaborating with 100WF, we aim to enhance the representation of women and non-binary professionals from various backgrounds in finance to drive meaningful change. With active participation from our employees, clients, and industry peers, we support 100WF’s Vision 30/40 mission." - Chief Diversity Officer, @Shawna Ferguson, and Associate Director, Investment Strategy, @Jackie Curley. 100 Women In Finance is a nonprofit organization with the mission of driving diversity and gender equity in the finance industry through initiatives that promote a diverse set of perspectives, amplify the voices of women, and empower them to pave their paths to success. Learn more: https://lnkd.in/dSDH5BVY Wellington Management DID NOT pay a fee to be considered for this award. Winners were selected by 100 Women in Finance. This award was announced on 6 November 2024 and is based on the following time period: 2024. Wellington Management was THE ONLY winner in the 100WF Americas DEI Award 2024 category, and were selected out of a group of firms including asset allocators, asset managers, and advisory firms with a specific minimum number of employees, investment professionals, women on their Executive Committee and Board, and having provided company information and data, while allowing 100WF to use best practice DEI examples publicly. This award may not represent any one client’s experience. The award is not indicative of Wellington Management’s future performance. Past performance is no guarantee of future results.

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