Boris Kartamyshev

Fidelity Managed Portfolios adding three new liquid alternative strategies. Ilan Kolet, institutional portfolio manager, outlines the strategy behind the addition of liquid alts and the benefits they may provide to Fidelity Managed Portfolios. Watch the full video: https://ow.ly/JSRq50RHli9 #FidelityCanada

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The yield spread between mortgage TBAs and Treasuries remains wide compared to its historical average. In this insightful paper Jonathan Kronstein provides several examples how to trade a mortgage spread across the coupon stack using TBA and Treasury Note futures all supported with strong duration calculation from MIAC Analytics Ltd. Well done! https://lnkd.in/eFATgZzX

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This is a great peek into how we build and execute our innovation pipeline at BNY Pershing X As always - so proud of the client obsessed team who never stops thinking about how to help advisors help more people. Nice job Noam Tasch. You make us proud. #ria #advisors #wealthtech #advisortech #fintech #wealthmanagment #pershimgx #woveplatform

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Please meet Glenn Rosenberg, our COO, to talk about investment opportunities in the digital asset space at the AIMA Conference on 2nd May, 2024 AIMA - The Alternative Investment Management Association #nyc #mltech #crypto #digitalassets #trading #strategies #smas #fund #investments #institutional #investors #familyoffices #fofs

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It's been a big few weeks in the world of securities finance in the US with the Securities Finance Times Symposium in Boston, MA, earlier this week, and the news on Monday that the OFR had adopted the final rule which aims to improve transparency within the US repurchase agreement (repo) market. And last week, FINRA published a proposed rule change relating to the SEC’s Final Rule 10c-1a, which has taken the industry by surprise, as Kaizen's Jonathan Lee explains: https://lnkd.in/epBMpXyE #sftr #securitiesfinance #dataquality #transactionreporting #FINRA #SEC #securitieslending

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Thomas H. Toller, Managing Director of Exactpro USA, recaps the FIA, Inc. #Boca2024, highlighting the growing trend of infrastructure modernisation and AI applications across derivatives markets and the risks that ensue. Thomas also discusses the benefits of Exactpro's expertise in managing complexity and helping boost FI’s operational resilience, while enabling traceability and faster time to market. If you missed FIA Boca this year, visit our website for our latest updates or reach out via info@exactpro.com to start a conversation on how AI-enabled software testing can help drive your operational resilience: https://lnkd.in/dCbS6RGz  #exactpro #AITesting #FIA #FIABoca2024 #OperationalResilience #Derivatives #Futures #FIAConferences 

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Exciting news for RIAs! Fidelity has launched two technology bundles designed to support small and mid-sized firms, addressing resource and cost constraints. Package 1: 🔹 Fidelity's Wealthscape brokerage platform 🔹 eMoney financial planning software 🔹 Advyzon's operational and portfolio management tools Package 2: 🔹 Wealthscape 🔹 eMoney 🔹 Fidelity Managed Account Xchange (FMAX) Essentials, featuring Fidelity and third-party investment products These solutions are perfect for newly established RIAs with limited financial resources. Did you know: 🔹 14.5% of independent RIAs were founded in the last 3 years 🔹 63.6% have less than $250M in AUM This represents a significant market opportunity, with many potential customers who can benefit from these technology bundles.

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We're thrilled to announce the release of a new blog by Mike Pruzinsky, Index Product Manager at Bloomberg. Mike has just published an insightful blog on the Bloomberg Index site: Concentration Meets Diversification in Indexing. https://lnkd.in/ggfjauWC This article highlights the Bloomberg Compact Index Series, the foundation for our innovative Compact Direct Indexing (Compact DI) portfolios at Global Macro Asset Management. @Compact DI offers a streamlined, more efficient approach to direct indexing by focusing on just 22 stocks, making it a game-changer for investors seeking true diversification without over-complication. We want to thank Mike and his Bloomberg team for collaborating on bringing this innovative concept to life. Want to learn how Compact DI can elevate your investment strategy? Contact us at GMAM to find out more! Michael Pruzinsky John Hill, CFA Iraklis Kourtidis Mukti Adnani Stacy Havener Paul Abdenour Julie Cooling Lori Hardwick Brent Sullivan 💸Gerard Michael Dan Sondhelm #indexinvesting #directindexing #wealthmanagement #seperatelymanagedaccounts

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With the world's two biggest economies and two biggest stock markets celebrating National Holidays this week, the scorecard for H1 is in - something we look at in more detail over at market thinking and the marketthinker substack in the July Market Thinking. But with the three largest stocks in the US driving a10% excess return of the market cap weighted S&P500 over the equal weighted version we need to recognise that this has to be in return for taking on concentration risk and that the traditional benchmark tells us increasingly little about the economy. Moreover when those three stocks have a market cap bigger than China, yet MSFT has almost no business there and both Apple and Nvidia are having to cut prices to stay competitive, not to say almost every global manufacturer. This, as the econ consensus (that gave you pivot to 2% rates) decides China has to devalue? To us, the obvious policy shock won't come from a China devaluation or from the Fed, but from a decision to talk down the $, 40 years after the last Plaza accord. Looking at the H1 scorecard, with Gold, commodities and the $ diversification trades all doing well, it seems like the smart money is already starting to price that in....

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Taper Tantrum 3   Today's jobs report looks to be the straw that broke the camel's back and the market is having a Taper Tantrum, last seen in 2018 and 2013. With the market already weakened by mixed big tech earnings and the bloom coming off the AI rose, a weak nonfarm payrolls report and negative revision for last month is sending the UST 10y yield plummeting down to 3.8% and the UST 2y down 29 bps to the lowest levels in a year.   We've said it repeatedly and we'll say it once again: The Fed needs to cut, one and done for the year, 50 basis points at the next meeting in September. They should have done 25 bps in July and 25 bps in September. After rate cuts from the ECB, BOE, and Canada, the ball has been in the Fed's court and now all eyes are firmly on them to follow through on as soft of a landing as possible. 50 bps at their next meeting signals to the market they recognize the impact "Higher For Longer" is having on the economy.   To be clear, we continue to believe that after 50 bps of "Gentle Easing" the Fed should continue with a "Higher for Longer" policy to avoid inflation rearing its head once again. Even though inflation is still above their 2% target (despite never giving a reason for that magic number), the economy needs support and stabilization: Manufacturing is in contraction for over a year, services data is finally cracking, the housing market activity is grinding to a near halt, credit card balances and auto loans are at record highs with delinquencies surging, consumer cyclical and non-cyclical earnings are missing consensus estimates, equities are hitting stop losses and margin calls, and dispersion is accelerating. We anticipate credit ratings actions and default rates to continue rising, presenting us with a very attractive investing environment we have not seen in the better part of a decade. This is where the Coherence strategy can drive real alpha. Below is my recent interview on the Charles Schwab Network in which I reiterated our view: One and Done!   https://lnkd.in/eHuH6CrQ

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Strike selection is an important aspect of building Short Strangles while trading options. In this video our CIO talks about different ways of strike selection and the tradeoffs involved between different methods. https://lnkd.in/gMHqcKdg #ShareMarket #StockMarket #India #trading #investing #tradeoffs

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Thrilled to share that we were invited to present at the Bloomberg Equity Indices Roadshow, where we discussed our exciting partnership with Bloomberg in developing the new Bloomberg Compact Index Series. 🎥 Our presentation begins at the 30-minute mark—special thanks to Mike Pruzinsky and Allison Stone at Bloomberg for this incredible opportunity. We’d love to hear your thoughts and further discussions about the indices and our Compact DI product. https://lnkd.in/gq6Bb-Jk #DirectIndexing #IndexInvesting #WealthManagement

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Wondering what book Connor Gordon read on investments before becoming a portfolio manager at Fidelity? Answer: One Up on Wall Street by Peter Lynch, one of Fidelity's most successful portfolio managers. Check out the latest video from our “Behind the Numbers” series to learn more about Portfolio Manager Connor Gordon and his path to Fidelity: https://ow.ly/kGZp50RRMpy #FidelityCanada

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BNY Pershing’s US$1.4 Million FINRA Fine: Data Governance Flaw? FINRA has sent clearing agencies and broker-dealers a clear message on their responsibilities to ensure accurate data. That's what Operations professionals are saying in light of the recent "slap on the wrist" fine of $1.4 million that FINRA levied on BNY Pershing for its data lapses, writes Chris Kentouris, Editor of FinOps Report. Don't be the next B-D or clearer with a similar issue, Ops pros warn, or be prepared to pay dearly. #data #financialregulation #datamanagement #financialoperations https://lnkd.in/dYJtqjCh

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How is your firm going to handle the new treasury and treasury repo clearing rules coming online in the next couple years?

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Virtus launched a managed futures replication strategy in an ETF last week, subadvised by systematic, quantitative alternatives manager AlphaSimplex. Learn more about ASMF’s approach to managed futures at Nasdaq.com. https://bit.ly/3USxKRw #systematic #alphasimplex Virtus ETFs

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