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Rank #178 in Investing category

Business
Careers
Investing

The Wall Street Lab

Updated 1 day ago

Rank #178 in Investing category

Business
Careers
Investing
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The Wall Street Lab is a podcast that explores the world of finance from an insider perspective. The hosts, Lukasz Musialski and Leo Severino, interview top financial professionals in the fields of private equity, hedge funds, investment banking, mergers and acquisitions, asset management, venture capital, management consulting, trading and many more. The themes range from investment related topics, financial markets and news, career development in finance, favorite books, personal habits, just to name a few.

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The Wall Street Lab is a podcast that explores the world of finance from an insider perspective. The hosts, Lukasz Musialski and Leo Severino, interview top financial professionals in the fields of private equity, hedge funds, investment banking, mergers and acquisitions, asset management, venture capital, management consulting, trading and many more. The themes range from investment related topics, financial markets and news, career development in finance, favorite books, personal habits, just to name a few.

iTunes Ratings

30 Ratings
Average Ratings
29
1
0
0
0

Fantastic interview with Dan Rasmussen

By Derivatives Trader - May 08 2019
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Great job!

1 ep in, great

By NCR Veteran Ranger - Oct 31 2017
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Only listened to the CFA (how to pass podcast), but great show!

iTunes Ratings

30 Ratings
Average Ratings
29
1
0
0
0

Fantastic interview with Dan Rasmussen

By Derivatives Trader - May 08 2019
Read more
Great job!

1 ep in, great

By NCR Veteran Ranger - Oct 31 2017
Read more
Only listened to the CFA (how to pass podcast), but great show!
Cover image of The Wall Street Lab

The Wall Street Lab

Updated 1 day ago

Read more

The Wall Street Lab is a podcast that explores the world of finance from an insider perspective. The hosts, Lukasz Musialski and Leo Severino, interview top financial professionals in the fields of private equity, hedge funds, investment banking, mergers and acquisitions, asset management, venture capital, management consulting, trading and many more. The themes range from investment related topics, financial markets and news, career development in finance, favorite books, personal habits, just to name a few.

Rank #1: #31 Joseph Lau – How to Become a Financial Modelling World Champion

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This week’s episode is a treat to all of the excel geeks out there. We are delighted to share the conversation we had with Joseph Lau, the only 2-time Financial Modelling World Champion at the ModelOff competition. We cover many interesting topics, ranging from his experience competing at the ModelOff competition, common mistakes people make in financial modelling, and tips on how to excel (pun intended) at financial modelling. Besides being a World Champion in his spare time, Joseph is a Director of Project Finance at the Commonwealth Bank of Australia. He is also a Co-founder of Spreadsheet Advantage, which is an Excel add-in designed to help excel users and developers increase their productivity. Joseph has a bachelor’s degree in Computer Science and Mathematics, a master’s degree in Applied Finance and a PhD in Pure Math.   The topics discussed include: 03:00 – Joseph’s background 04:50 – Requirements for excelling at financial modelling 05:30 –How Joseph got involved in the ModelOff competition 06:15 – How does the ModelOff competition work 10:30 – Joseph’s preparation to compete 12:00 – Joseph’s experience competing at the ModelOff finals 13:00 – How has become a financial modelling world champion changed Joseph’s career 15:15 – Joseph’s tips on how to excel at financial modelling 17:50 – Areas in finance that requires strong financial modelling knowledge 19:00 – How to correct modelling errors 20:00 – The future of financial modelling 21:30 – How Joseph goes about training people in financial modelling 22:45 – Common mistakes in modelling 25:00 – Why Joseph retired from competing 27:15 – Why was Joseph nicknamed Fine Wine As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

May 30 2019

29mins

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Rank #2: #29 Dan Rasmussen - Disrupting Private Equity

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Dan Rasmussen is the Founder and Portfolio Manager at Verdad, a hedge fund that attempts to replicate privately-equity like returns through investments in publicly listed highly leveraged micro-caps. Before starting Verdad, Dan worked at Bain Capital and Bridgewater Associates. Dan graduated from Harvard summa cum laude and Phi Beta Kappa and received an MBA from the Stanford Graduate School of Business. He is the New York Times bestselling author of American Uprising: The Untold Story of America’s Largest Slave Revolt. In 2017, he was named to the Forbes 30 under 30 list. In the episode we talked about: Replicating private equity with public equities Average private equity deal structures now and then Leverage buyout transaction structures in US and Asia Controlling for risk and bankruptcy probability United States vs Japan market for equities Doing research in quantitive investing Difference of running big and small funds The relationship between interest rates and equities Why is Dan bearish on VC Properties of small cap companies Private equity in emerging markets Do MBAs make better CEOs? As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes!   Find out more at https://www.thewallstreetlab.com/   Luke, Leo & Andy

May 03 2019

45mins

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Rank #3: #19 Jane Coffey - Financial Careers, Asset Management and Behavioral Finance

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Jane Coffey is an experienced financial professional and an executive coach. She has extensive experience in asset management having been the head of equities and executive director as well as an investment professional across various well respected institutions. She is also heavily involved with the CFA institute in the UK. In our conversation with Jane we discussed various aspects of financial careers, asset management and behavioural finance. Here are a few topics we have discussed: How to get into investment banking / asset management How ESG affects the investment environment How to find a finance career that will fit you Investment banking vs asset management How to get early financial experience How to build out a network in the financial world How to make the next step in your financial career properly What differentiates a good fund manager from a great fund manager? Which education is right for you in the asset management space How has the asset management industry changed over the last 30 years As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at http://www.thewallstreetlab.com/ Luke & Leo

Apr 12 2018

53mins

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Rank #4: #02 Oliver Schebela, CFA – Private Equity Fund Investing

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Oliver Schebela, CFA is the Head of Private Equity Solutions of Bethmann Bank, a traditional German private bank, wholly owned by ABN AMRO. Prior to this, he spent 7 years at FERI Trust, where he started as a Private Equity Manager and worked his way up to Head of Private Equity. In his earlier days (he is still very young), he worked at Credit Suisse and at Commerzbank. For the full show notes and to subscribe go to: http://www.thewallstreetlab.com/episode-02-oliver-schebela-cfa-private-equity-fund-investing/  This is a special episode for us. Not necessarily for the great conversation we had with Oliver, but for what it means to this journey Luke and I have embarked on. Back in the day when starting The Wall Street Lab was just an idea, we used to grab coffee and talk about who could potentially be guests on the podcast. Oliver was really the first person we thought about! So having the opportunity to actually interview him serves as validation that our idea was really worth pursuing. As you will notice from the interview, Oliver is a very down to earth, extremely competent and experienced private equity fund manager. During our conversation, we touch on topics such as the difference between direct and fund of fund private equity investing, the pros and cons of working for large companies versus smaller boutiques, his experience studying for the CFA exams, things he looks at when interviewing candidates to work for him, to name a few. We really hope you enjoy this conversation with Oliver. If you do, make sure rate us on iTunes and follow us on the various social media platforms.   Please see the show notes below: The difference between private and public equity [03:30] The difference between direct and indirect private equity investments [04:50] How Oliver started in finance [07:00] The importance of combining theory and practice when starting your career in finance [08:00] The early days of private equity in Germany [10:00] The pros and cons of working for a large company when compared to boutiques [12:30] Different ways to get into private equity [14:30] How Oliver selects private equity fund managers [16:30] How he is able to read through fund marketing pitches and extract important information from private equity managers [20:00] The differences between investing for institutional clients versus investing for high net worth individuals [22:00] Oliver’s view on the illiquidity premium received by private equity funds [27:00] Oliver’s opinion on the best way to get a head start in private equity [31:15] What Oliver looks at when interviewing people to work for him [35:30] Oliver’s experience studying for the CFA exams and receiving his charter [40:10] His opinion on the importance of having a CFA charter in asset management [42:05] Oliver’s suggestion on how to prepare for the CFA exams [44:00] What daily activity would he outsource, if he had the chance to [46:50] Who are Oliver’s role models [48:10] Oliver’s view on the importance of having a mentor [49:30] Oliver’s favorite book [50:55] For more information and to subscribe to our newsletter please visit: www.thewallstreetlab.com

Dec 15 2016

55mins

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Rank #5: #03 Marcus Storr - Hedge Fund Investing

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Marcus Storr is the Head of Hedge Funds at FERI Trust, a German asset management company and one of the largest investors in Alternative Assets in Germany. Marcus has held various positions in the investment industry over the years, including being a Vice-President for Global Equities at Robert Flemings in London, which is now part of JP Morgan, and a Director of Global Equities at Dresdner Kleinwort Wasserstein. For the full show notes and to subscribe go to:http://www.thewallstreetlab.com/episode-03-marcus-storr-hedge-fund-investing/  Let me tell you: you are in for a real treat! As you will notice very quickly, not only did Marcus provide us with great insights about the hedge fund industry, but he is also very entertaining and humorous. During our interview, we touch on a range of topics including different hedge fund strategies, the current state of the hedge fund industry, how to improve your chances of getting hired by a hedge fund manager, and many other very interesting topics. And now, to the show notes: 01:42 – Start of the Interview 02:05 – What does a Hedge Fund Manager do? 04:03 – How did Marcus get into Investment Banking? 08:37 – Working at a Scottish investment bank 09:05 – How does working in London compare to working in Germany? 11:40 – How does Marcus’ previous Investment banking experience compare to investing into Hedge Funds 13:00 – On moving from London to Frankfurt 14:30 – Investment Banking and “The Work-Life Balance” 17:50 – Best practices for starting out in Investment Banking 20:50 – His thoughts on the CFA Program 21:35 – Hedge Fund Job Interview 24:00 – The Perfect Cover Letter 25:40 – Intensity of working in finance 27:15 – Good body is good for the health 28:40 – Typical day as the Head of Hedge Funds 31:00 – Conversation on the hedge fund performance 33:55 – Fund of funds, direct investing and custom portfolios 36:20 – Great Manager or a great investment strategy? Which is better? 38:20 – How the due diligence process in hedge funds investing looks like? 41:10 – What is the craziest hedge fund strategy Marcus has ever seen? 42:50 – Hedge funds as an exit route for investment banking professionals? 46:30 – Personal routines and questions   We are really interested in your opinion, so if you have any thoughts on how we can make the podcast more valuable to you, e-mail us at contact@thewallstreetlab.com Stay tuned for our next episode, which will come out in two weeks, on January 12th! Also, make sure to sign up to our newsletter. We promise not to spam you! Find out more at http://www.thewallstreetlab.com/

Dec 29 2016

55mins

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Rank #6: #20 Stefan Schuetze & Juan Rodriguez - Venture Capital, Fintech, Cryptocurrencies, Blockchain and ICOs

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Stefan Schuetze & Juan Rodriguez are both part of the board of directors of Finlab AG, one of the first and one of the largest German company builders and investors in the financial services technology sector. Both Stefan and Juan have extensive experience in working in the Venture Capital, Fintech and Startups space. In the conversation we take a deep dive into the topic ranging from venture capital and fintech to blockchain and ICOs.  Some of the topics we discuss in the interview include: How to become a managing director at a VC Fund? How top VCs choose their projects? What is exciting for a VC in the Fintech/Blockchain space now How being a publicly listed company affect decision making of a company How to grow a Fintech Company What do VCs see in Blockchain technology 100 million USD fund to invest in Blockchain EOS projects Will ICOs displace Venture Capital? What experience or skills do you need to get into fintech / VC space What you should never say when pitching a company to a VC And many more. Find out more at www.TheWallStreetLab.com

Apr 26 2018

50mins

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Rank #7: #27 Joern Czech - Alternative Investments, Investment Banking and Entrepreneurship in Finance

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Joern Czech is the Co-Founder and Manager of IANUA Market Limited, an Alternative Investment platform and intelligence hub, founded in 2018. They simplify Alternative Investing for professional investors, co-invest with them into curated investment opportunities. Joern’s career started in Trading for a local German bank before he moved into Institutional Sales for Deutsche Bank and Goldman Sachs. Just before founding IANUA, Joern was a partner and Head of Business Development and Investor Relations at a London-based Hedge Fund called SCIO Capital LLP. In this episode we talk about the financial crisis and the credit crunch, we provide insights into the Alternative Investment market, especially the latest developments of the hunt for yield and increase complexity. Joern is telling us about the difference of Entrepreneurship in finance vs. Investment Banking, he is sharing great career advice and tips on how to strengthen yourself against stress, how to be mindful and the benefits of meditation.   0:00 -  4:25 Intro 4:25 - 12:10 Learnings over a long career, the credit crunch experience 12:10 - 22:08 Intro into Alternative Investments and the market, Ianua as a company and the business model behind it and how technology helps to scale the startup in finance 22:08 - 26:52 Being an entrepreneur in the financial industry, career and networking advice 26:52 - 34:57 Deep dive into Alternative Investments: lower yields and increased complexity, risks and threats of the markets, especially politics 34:57 - end Some last advice, tips on how to deal with stress through mindfulness   More information at www.TheWallStreetLab.com

Mar 28 2019

40mins

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Rank #8: #23 Peter Schwicht - Asset Management, Megatrends, ESG Investing, Financial Research and Regulation

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Peter Schwicht is the former CEO of JP Morgan Asset Management EMEA. He held various positions in JP Morgan over the years including being the head of trading for JP Morgan Germany. Currently he is sitting on the board of many companies and continuing to share his expertize. In the interview, we touch on many topics such as: Megatrends in Asset management as well as ESG investing and how regulation impacts the asset management industry. More of the topics we cover in the interview are: Megatrends in asset management The raise of passive asset management Perspective on ESG investing and social responsibility of financial managers Active vs passive asset management What can you learn from financial crisis How does regulation and governance affect the asset management space What impact will MIFID have on asset management What is the future of research in asset management Small vs big asset management firms in today’s world Career advice for getting into asset management How to find a mentor As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

Jun 07 2018

46mins

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Rank #9: #24 Kerstin Eichmann & Moritz Jungmann - Corporate Venture Capital, Machine Economy and the Future of Energy

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Kerstin Eichmann and Moritz Jungmann are a part of the Innogy Innovation Hub which is the corporate venture capital arm of Innogy.
The Innogy Innovation Hub and Innogy Ventures are funded by Innogy SE, a leading German energy company with revenue of around €43 billion (2017), more than 42,000 employees and activities in 16 countries across Europe. Innogy Innovation Hub, is looking to drive game-changing ideas that can revolutionise an existing business model or industry permanently. The key focus areas of IIH include: ‘Machine Economy’, ‘Smart & Connected’, ‘Disruptive Digital’ and ‘Cyber Ventures’.  In our conversation, we talked about the difference between corporate venture capital and regular VC funds, the emerging machine economy and what it means for business, as well as how startups are integrated into the activities of the sponsor company behind the CVC. More of the topics we cover in the interview are: How does corporate venture capital differ from typical venture capital How does your activity with start-ups tie into the activity of Innogy as a whole Machine economy and how will it change business as we know it Why should start-up chose a CVC over a regular VC investment Areas of Focus: ‘Machine Economy’, ‘Smart & Connected’, ‘Disruptive Digital’ and ‘Cyber Ventures’ How to start a career in corporate venture capital and what skills to acquire As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

Jun 21 2018

39mins

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Rank #10: #28 Otavio Costa - Global Macro Hedge Fund Research, Economic Indicators and Business Cycle

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Otavio Costa has been an analyst on Crescat’s investment team for more than five years with a focus on global cross-asset research. “Tavi” built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured multiple times in financial publications such as Bloomberg, The Wall Street Journal. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. The topics discussed include: What it is like to be a global macro analyst What Otavio pays attention to when building macro models What economic indicators Otavio uses The current state of the business cycle Otavio’s view on the US equities market China, Brazil and precious metals What steps Otavio took early in his career to learn his trade Recommendations on how to stay sharp and informed   As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on Apple Podcasts!   Find out more at https://www.thewallstreetlab.com/   Luke, Leo & Andy

Apr 18 2019

1hr 2mins

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Rank #11: #33 David Salem - A Deep Dive into Capital Allocation

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#33 David Salem - A Deep Dive into Capital Allocation   This interview is a true master class for anyone interested in capital allocation and manager selection. We had the great pleasure to speak to David Salem, the Co-Chairman of New Providence Asset Management, a firm that provides investment office solutions for endowments, foundations and family offices. David is also a contributor to Epsilon Theory, an online community in which he writes extremely thoughtful articles about investment management and combines it with his passion for the game of baseball.   Before assuming his current post, David served as a Managing Partner at Windhorse Capital Management, which merged with New Providence in 2018. For almost two decades before that, David served as the Founding President and CIO for the Investment Fund for Foundations (TIFF), a non-profit investment cooperative that managed over $8bn on behalf of more than 700 endowed charities by the time he left. We discuss many different topics during our conversation, which includes the Yale Model, which then became known as the Endowment Model and why David thinks it may be dangerous for institutions to try to replicate it. We also discuss David’s framework for selecting money managers, what his due diligence process looks like and what he focuses on when meeting a money manager for the very first time.   The topics discussed include: 02:00 – David’s background 06:00 – David’s opinion what it takes to become a great investor 10:00 – The Endowment Model and why David thinks it may be dangerous for institutions to try to replicate it 16:00 – How does David thinks about diversification, as well as his thoughts on how to design an investment program 24:00 – David’s thoughts on how one should account for human biases in the measurement of risk tolerance 33:00 – David’s thoughts on Private Equity and crypto currencies 39:00 – David’s personal process on how to select investment managers 43:00 – Characteristics David looks for (and seeks to avoid) in vetting money managers 49:00 – How does David prepare for a first meeting with a money manager, and what he spends the first meeting on 55:00 – What David thinks about the use of Investment Committee in making investment decisions 59:00 – How does David decide on how when to part ways with managers he has invested in 62:00 – David’s thoughts on mentorship   Please keep in mind this is not investment advice. Full disclaimer at the end of the podcast.    As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes!   Luke, Leo & Andy

Jul 05 2019

1hr 8mins

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Rank #12: #06 Dr. Nelson Lacey, CFA - A Deeper Look Into the CAIA Designation

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Dr. Nelson Lacey, CFA is a professor of finance at the Isenberg School of Management at the University of Massachusetts. He earned his PhD in finance from the Pennsylvania State University and he also holds the CFA charter. Professor Lacey has been at CAIA since its inception. He has been active in working on the program’s curriculum and examination and became a Director of Exams in 2004. Professor Lacey’s academic work has led to over 50 publications in finance and economics. He is also the co-author of the book Modern Corporate Finance: Theory and Practice. For the full show notes go to: http://www.thewallstreetlab.com/ The love for knowledge is really one of the main reasons why we started this project. We truly believe that education is not an end in itself, but a continuous journey. As Albert Einstein said, “Intellectual growth should commence at birth and cease only at death”. With that in mind, if you look at the financial services world, there are really dozens of exams you can take in order to learn new things and improve your career prospects. Some of them are less well known, but I bet you will be familiar with a few of them, such as the CFA, the FRM and CAIA, to name a few. For those of you who don’t know what CAIA is, it stands for Chartered Alternative Investments Analyst. And it is a financial designation that focuses specifically in Alternative Investments, such as structured products, commodities, real estate, private equity and hedge funds. We had the pleasure of interviewing the Director of Exams at the CAIA Association, Dr. Nelson Lacey. What is interesting about this interview is that it does not only cover the CAIA designation on its own. There is an obvious curiosity, especially amongst undergraduate and graduates students in the field of finance and investing, about the benefit of an Alternative Investments designation. When people ask me about CAIA, I tend to naturally gravitate towards comparing it to the CFA designation. Of course, it makes sense, as everyone in our field knows what it is. And that is exactly what Dr. Lacey did during our interview. If you are thinking about studying for the CAIA exams or are already a candidate, I really believe this conversation will help you. We cover topics such as the growth in the interest in alternative investments in emerging markets, especially in India and China, we discuss some misconceptions that people have about investing in alternatives, how the CAIA curriculum and exam questions are written, and much more. And now, the show notes: [03:00] How Dr. Lacey’s background and how he got involved with the CAIA Association [10:00] Comparison between the CFA and CAIA designations [11:00] The process of putting together exam questions [12:10] How to study for CAIA [13:15] How the CAIA Association comes up with a “passing grade” for each of their exams [17:15] The difference in the pool of candidates for CAIA vs. CFA [21:30] The growth in awareness of financial designations as a function of the development in domestic financial markets. [24:00] What are the main reasons why candidates decide to study for the CAIA designation [28:00] Dr. Lacey discusses the examination fees for the CAIA exams [31:30] A discussion of the CAIA University partnership and scholarship programs. [34:30] A discussion of the “Warren Buffett Bet” [40:10] A discussion of a common misconceptions about what alternative investments are supposed to do for a portfolio. As always, if you like what you hear, make sure to sign up to our newsletter and share the podcast with anyone you think might benefit from the information. And, if you want to be really cool, please leave us a 5-Star review on iTunes. The next episode will come out on February 23rd, in which we interview Steven Gerbel, a Merger Arbitrage Hedge Fund Manager and founder and president of Chicago Capital Management, LP.

Feb 09 2017

43mins

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Rank #13: #32 Iven Kurz – Passive Dynamic Investing

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We had the pleasure to chat with Iven Kurz, founder and CEO of Evergreen GmbH. Evergreen is a German retirement focused Robo advisor. Before founding his own company, Iven was a total return fund manager for two of the biggest German Private Banks. The total return investing style Iven uses is called Passive Dynamic Investing, which is based on the Black-Scholes Option Pricing Theory and he used for many years. We dive deep into the weeds of this investment form and see why it is being used for retirement saving. Please keep in mind this is not investment advice full disclaimer at the end of the podcast.   The topics discussed include: 03:00 - investment philosophies 04:30 - How Iven got into Total Return investing 07:00 - portfolio insurance investing and what is passive dynamic investing (PDI) 12:30 - deep dive into PDI and Option Pricing theory 17:30 - what is the goal of PDI 23:55 - how does risk work in PDI? 26:40 - PDI for retirement planning and risk 29:00 - risk budgets 32:00 - predicting returns for PDI Investing 35:25 - about long-short total return investing 37:30 - What Evergreen does 40:50 What Evergreen does differently 43:30 - costs and risk premium for robo-advisors 47:20 - PDI and black swan events 50:15 - closing questions   As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

Jun 13 2019

54mins

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Rank #14: #25 Michael John Lytle - ETF Business, Fixed Income, CDS and the Financial Crisis

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Michael John (‘MJ’) Lytle is the CEO of Tabula Investment Management, a provider of fixed income ETFs. Tabula aims to bring investors precise credit exposure. He also was a founding partner of Source, a ETF Provider, which as of 2017 is part of Invesco. He also was a founding partner of Source, a ETF Provider, which as of 2017 is part of Invesco. At Source we was the Chief Development Officer, with specific responsibility for marketing and broader involvement in product creation and design. MJ was also part of Morgan Stanley and BlackRock.    We talk about a vide variety of topics, including the startup industry, the ETF business, in particular the Fixed Income and Credit ETF business. We deep dive into CDS and the financial crisis and last MJ leaves us with some final tips.    TWSL MJ Lytle Intro & Application tips 0 - 12:10   12:10 - 19:53  Startups, VC, Europe vs. Silicon Valley   19:53 - 27:36 Going deep into ETFs and the ETF Business - the buyers perspective   27:36 - 40:19 Building an ETF startup - the sellers perspective, Credit/ Fixed Income ETFs, The Europe Fixed Income Market and deep dive into bonds   40:19 - 52:35  Deep dive into credit markets and CDS; excourse to the financial crisis and what is different today   52:35 - end About making mistakes, books and final tips

Feb 28 2019

59mins

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Rank #15: Update: End of Season II

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We are taking a little breather! Season 2 of The Wall Street Lab podcast is coming to an end. As much as we regret not being part of your commute for the next 3 months, we look back to the interviews we conducted in Season 2 with great satisfaction. As in Season 1, the focus was in finding great guests to share their insights with us about their niche in the finance world with you, which this season included hedge funds, private equity, artificial intelligence, shipping finance, corporate VC, just to name a few. We hope to continue to do that when we return with Season 3 in October 2018. If you have any particular topics or specific guests you think would be interesting to have on the show, don’t hesitate to contact us at contact@thewallstreetlab.com As always, if you like the show, please take a few seconds to heave us 5-star review on iTunes, as it really helps us reaching greater audiences. Stay tuned and enjoy your Summer/Winter! Luke, Andy & Leo

Jul 06 2018

2mins

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Rank #16: #26 Tobias Schulz - Venture Capital, Market Trends, German VC Ecosystem, Portfolio Management and How to Become a VC

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Tobias Schulz is an Investment Manager at HTGF. High-Tech Gründerfonds is one of Europe’s biggest venture capital groups and an early stage seed investor focused on high potential high-tech start-ups. Before joining HTGF Tobias has worked as an entrepreneur and has experience in the private equity industry. In the episode we talked about the following topics: How to manage a big portfolio of Startups The venture capital market trends Europe vs US VC market How do startups scale? How do VC investment managers make decisions How do you get a job as a VC Differences between working for PE and VC

Mar 14 2019

38mins

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Rank #17: #30 Charlie Eaton - Pioneering the Placement Agent Industry

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This week we are talking about the placement agent business in the alternative investments space. We could not have imagined finding a better person to discuss this topic with than Charles “Charlie” Eaton, the Founder of Eaton Partners and one of the pioneers of the whole industry. Charlie founded Eaton Partners in 1983 as one of the first and now one of the largest placement agents in the world. Eaton Partners was acquired by Stifel Financial in 2016. According to Eaton Partners’ website, it has been widely recognized as the world’s leading placement agent. Since the firm’s founding in 1983, they have participated in raising over $100 billion of institutional capital across more than 125 highly differentiated investment funds, including private equity, private credit, real estate, real assets and hedge funds. Eaton Partners currently employs over 80 professionals in nine offices worldwide. We speak about the early days at Eaton Partners and how Charlie was able to experience first hand how the industry has evolved over the years. He discusses his “simple” formula for selecting fund managers and shares his views on what he thinks are attributes of successful fund managers. Charlie discusses how Eaton Partners is able to connect supply from fund managers and demand from investors, the increase in competition amongst investment managers and the challenge of partnering with the likely winners. He discusses how Eaton Partners has always been willing to make bets on first-time fund managers and how that has led to very successful fundraises over the years. The topics discussed include: 10:00 – the early days of the placement agent industry 16:00 – Charlie’s simple rules for selecting fund managers 18:00 – lessons learned from fundraising missteps 24:00 – The current state of the placement agent industry 27:00 – the impact of the Global Financial Crisis on the Eaton Partners 29:00 – Eaton’s early decision to open an office in Mainland China 33:00 – Stifel Financials’ acquisition 35:00 – Balancing the interests of GPs and LPs 40:00 – challenges of raising capital 47:00 – Taking risks and betting on 1st-time funds 51:00 – Characteristics of successful money managers 53:00 – The future of the Placement industry As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

May 17 2019

55mins

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Rank #18: #08 Dr. Thomas Bloch - Fintechs, Robo-Advisors and The New Banking

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Dr. Thomas Bloch is the Co-Founder and Co-CEO of Vaamo, a leading German Robo-Advisory platform. Prior to founding an asset management fintech Dr. Bloch has worked in investment banking for J.P. Morgan for almost 9 years. This unique set of experiences makes our today’s guest an amazing conversation partner as he shares valuable insights as seen from both sides of the table. In our conversation, we jump from topic as we discuss the history of Vaamo as well as the current fintech environment and the struggles of founding a financial startup. We also get very deep into the way a Robo-advisor company operates and what is required to succeed in this field. For anyone who is planning on founding a financial startup this is a must-listen. For the full show notes and to sign up for our newsletter go to: www.thewallstreetlab.com  And now to the show notes: 2:00 How does Dr. Bloch explain what he does 3:00 Professional background and the story of Vaamo 06:50 How did the idea for Vaamo come along? 09:00 How was the switch from investment banking to the Fintech space? 10:00 Typical day? 11:00 Fintech impact on banking 13:15 Fintech business environment in Europe in comparison to the US and Asia 16:04 What is a Robo-Advisor? 19:00 Should I purchase S&P500 or give my money to Vaamo? 20:50 Typical customer risk profile questions 22:35 Human role in Robo-Advisors 23:50 Strategies behind Robo-Advisor investments 28:20 The biggest problems Dr.Bloch ran into when launching Vaamo 32:10 Best method of obtaining capital for a financial business and how did Vaamo do it? 33:10 What is Dr.Bloch’s favourite fintech? 34:40 Brexit effect on the startup/finance industry in Frankfurt? 36:00 What pieces of advice would Dr.Bloch give to himself when starting Vaamo? 37:40 Contact 38:05 What would you like to leave our audience with?   As always, if you like what you hear, make sure to sign up to our newsletter and share the podcast with anyone you think might benefit from the information. And, if you want to be really cool, please leave us a 5-Star review on iTunes.  www.thewallstreetlab.com   The next episode will come out on March 23th, in which we interview Alexander Doll, the CEO of Barclays Germany and the Head of Banking for the DACH region! Stay tuned!

Mar 09 2017

40mins

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Rank #19: #04 Brian Tomlinson, CMT - Fixed Income Investing with a Global Portfolio Manager

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Brian Tomlinson, CMT is currently a Global Fixed Income Portfolio Manager at Allianz Global Investors. Prior to joining AllianzGI, he spent 7 years at Pimco as a Portfolio Manager. He also worked at other companies well known to most of us, such as Merrill Lynch, Citi Bank, Dresdner Bank and IBM. for the full shownotes and more go: to: http://www.thewallstreetlab.com/episode-04-brian-tomlinson-cmt-fixed-income-investing-with-a-global-portfolio-manager/  If you are one of those who think fixed income is boing, I can almost guarantee you that you will change your mind after listening to our conversation with Brian. Not only is he extremely good at what he does – and you will hear that when he walks us through the thought process that lead him to position his portfolio to take advantage of both a possible Brexit vote and the Trump election – but he is also very good at making seemingly difficult concepts, such as the effect of negative interest rates in society, very accessible to everyone. “If you really want to make money, it is not the money that drives you, it is winning and the desire to be right” Brian Tomlinson" The Information contained in this episode is as of November 2016.  Now, to the show notes: The importance of having an elevator speech [02:00] How Brian’s grandfather influenced his decision to get into finance [03:20] Brian’s early interest in currencies, interest rates and hedge funds [06:00] Brian’s initial disappointment about what is taught at universities [06:35] Brian’s view of the global financial markets [07:25] How he deals with fear and pain in trading [08:20] Trading in, out and around currency positions [11:50] The importance of understanding correlations for traders and portfolio managers [13:00] How does Brian deal with volatility in his portfolio [14:10] What Brian looks at to gauge where future volatility is likely to go [16:00] The importance of being a self-learner and having a mentor [18:30] How to size trades in which you have a low conviction [22:10] How he taught his son Texas Hold’em Poker when he was 6-years old as a way to learn probability [23:17] How Brian positioned his portfolio to profit from a possible Brexit vote [25:00] His experience on the day Trump was elected [28:45] Brian’s advice for university students [31:00] Brian’s view of Quantitative Easing and negative interest rates [33:15] Brian’s view on the current US economic cycle [37:10] Qualities he looks for when hiring people to work for him [40:40] Brian’s thoughts on mentorship [43:00] What makes fixed income exciting, even in a low interest rate environment [44:15] His view on the CFA and other financial designations [48:30] Brian’s career advice to young professionals [49:30] Brian’s book recommendations [53:00]  If you have any thoughts on how we can make the podcast more valuable to you, e-mail us at contact@thewallstreetlab.com Make sure to sign up to our newsletter. We promise not to spam you! Find out more at http://www.thewallstreetlab.com/

Jan 12 2017

1hr 1min

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Rank #20: #07 Steven Gerbel - Merger Arbitrage Hedge Fund Investing

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Steven Gerbel is the Founder and Chief Investment Officer at Chicago Capital Management, a US-based merger arbitrage hedge fund. Steven has over 20 years of experience in hedge funds focused on merger arbitrage and convertible arbitrage markets. Prior to founding Chicago Capital Management, Steven was a general partner at First Capital Management LP, a Chicago-based hedge fund focused on merger and convertible arbitrage, value investing, and distressed markets. Prior to this, Steven traded commodities on the Mid-American Commodities Exchange at the Chicago Board of Trade. He holds a bachelor of science in economics degree from DePaul University. For the full Show notes go to: http://www.thewallstreetlab.com/episode-07-steven-gerbel-merger-arbitrage-hedge-fund-investing/ In this wide ranging conversation, Steve shares some valuable information for those who aspire to become a hedge fund manager. We touched on a variety of topics, such as the current state of the merger arbitrage industry in the US. Here is how he explained why he believes the merger arb market is bullish: “For years, merger arb spreads have been effectively priced at three times the risk free rate. And with interest rates going down, our spreads have been contracted and now with interest rates seeming to have bottomed here in the United states, that will cause our profit margin to expend at a rate of three, an if we get some inflation on top of that and an expanding economy, there could be a great wave of merger arb transactions coming in the very near future” As a manager that focuses on mergers in the financial sector, Steven explained in a very simplistic way the reason why he thinks there will be a wave of mergers in the banking sector in the foreseeable future: “Why do you we have just under 8000 banks in the United States? If you walk down the street in New York, you see banks in almost every corner in expensive real estate. It just doesn’t make sense. In this electronic environment, less and less people go to their branch office every day to deposit their checks or to get their cash, we all use ATMs.”  We talked about his greatest trading loss and what he learned from it:  “I learned my lesson that despite the fact that we had good information and that our information was ultimately right, if the regulators go against you, you lose” On the topic hiring, he mentioned how much he values honesty in people, as he believes he can teach anyone the tools they need to succeed as a merger arb trader, but one thing he cannot teach them is honesty: “I am looking for character; I am not really as hung up on credentials” Finally, he gives a valuable piece of advice to aspiring hedge fund managers who are just starting out: “Find the smartest person in the segment of the market they are interested in send them their resume and then I would call them every day and drive them absolutely nuts. Let them know that you are ready to dedicate your life to serving them” And this is just the tip of the iceberg! As always, if you like what you hear, make sure to sign up to our newsletter and share the podcast with anyone you think might benefit from the information. And, if you want to be really cool, please leave us a 5-Star review on iTunes. The next episode will come out on March 9th, in which we interview Dr. Thomas Bloch, the co-founder of the FinTech robo-advisor company Vaamo.  To follow us go to: www.thewallstreetlab.com  And now, the show notes: 02:37 – What is Merger Arbitrage hedge fund strategy 04:40 – Do you speculate on mergers? “Buy and hope” 05:40 – What is the biggest risk of merger arbitrage strategy? 07:20 – How do you mitigate these risks? 08:10 – Mistakes that Steve made on the way 09:40 – How Steve became a hedge fund manager 11:05 – Analogy of flying a plane and investing in merger arbitrage strategy 13:04 – How long does it take from an investment idea to the actual trade happening? 14:50 – Current market landscape for merger arbitrage 18:40 – Steve on economic business cycles and crisis 21:10 – On the increase in inflows of capital across the merger arbitrage strategy 24:05 – Liquid alternatives fund 24:48 – Restrictions on mutual fund trades and limitations 25:25 – What Steve is looking for when looking at a potential candidate 29:00 – Piece of advice to graduates 31:10 – Who did Steven look up to ? 29:50 – 30-second elevator speech 34:15 – Steven’s daily routines and on being engaged 37:50 – If you don’t love what you are doing you will not make it in the financial markets 39:00 – How does Steve deal psychologically with big loses 41:50 – Steve’s favorite books 43:00 – The most important thing about getting into the hedge fund industry and who you are competing against

Feb 23 2017

40mins

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