Investor. Any references to securities are not recommendations or solicitations to buy or sell anything. I may have positions in securities mentioned.
Sunday, February 23, 2020
Saturday, January 18, 2020
BILL WILBY, former Oppenheimer Global Fund, the global trade reset
BILL WILBY, former Oppenheimer Global Fund, the global trade reset
He is great investor Bill Wilby who has appeared with us exclusively since his retirement from professional money management over a decade ago.
He was the Portfolio Manager of the award-winning Oppenheimer Global Fund a graduate of West Point, Wilby also has a Ph.D. in International Monetary Economics and has held various international finance and investment positions at top financial institutions including the Federal Reserve Bank of Chicago.
Wilby wanted to discuss a couple of themes with us. One is the privatization of the public markets, the other theme influencing Wilby’s investment strategy is what he calls the global trade reset which we will also discuss.
WEALTHTRACK Episode #1629; Originally Broadcast on Janurary 17, 2020
Listen to the audio only version here:
CLICK HERE TO LEARN MORE…
Explore This Episode
We have compiled additional information and content related to this episode. Select a tab from the box below for more.
WILLIAM WILBY
MEGA INVESTMENT TRENDS INFLUENCING MARKETS WITH GREAT GLOBAL INVESTOR BILL WILBY
January 17, 2020
As we enter a new decade what are some of the major changes we face as investors? For answers, we are asking a global investor known not only for his past performance but also for identifying big themes that can have an outsized influence on the financial markets.
He is great investor Bill Wilby who has appeared with us exclusively since his retirement from professional money management over a decade ago.
He was the Portfolio Manager of the award-winning Oppenheimer Global Fund a graduate of West Point, Wilby also has a Ph.D. in International Monetary Economics and has held various international finance and investment positions at top financial institutions including the Federal Reserve Bank of Chicago.
Wilby wanted to discuss a couple of themes with us. One is the privatization of the public markets, the other theme influencing Wilby’s investment strategy is what he calls the global trade reset which we will also discuss.
WEALTHTRACK Episode #1629; Originally Broadcast on Janurary 17, 2020
Listen to the audio only version here:
CLICK HERE TO LEARN MORE…
Explore This Episode
We have compiled additional information and content related to this episode. Select a tab from the box below for more.
GUEST INFO
ACTION POINT
BOOKSHELF
ONE INVESTMENT
STOCK MENTIONS
VIDEO ARCHIVE
WEB EXTRA
BILL WILBY
Former Portfolio Manager, Oppenheimer Global Fund,
Member of External Investment Committee, Tiedeman Advisors,
Member of Investment Committee, West Point Association of Graduates
Consuelo Mack WealthTrack on PBS is the only TV program devoted to long-term diversified investing
New York, NYwealthtrack.com
New York, NYwealthtrack.com
https://twitter.com/ConsueloMack
Tagged with: episode_1629
WEALTH TRACK
https://wealthtrack.com/mega-investment-trends-influencing-markets-with-great-global-investor-bill-wilby/#more-21006
HOME
WATCH WEALTHTRACK
WEB FEATURES
WEALTHTRACK WOMEN
ABOUT
Connect with us on the following social media platforms.
William Wilby Appointed to Tiedemann Wealth Management Investment Committee
William Wilby
Investment Advisory Committee
Mr. Wilby is a former Head of Equities for Oppenheimer Funds, Inc. At the time of his retirement, he was responsible for more than $120 billion in equity assets and 70 mutual fund managers, investment analysts and support staff.
Prior to his role as Head of Equities, Mr. Wilby was the Head of Oppenheimer’s Global/International Equity Team, which grew its assets from $1 billion to $60 billion under his leadership. He was also Portfolio Manager for the $14 billion Oppenheimer Global Fund, which was the number one Global Equity Fund in its competitive category for the 12-year period he managed the portfolio. He received numerous awards for his performance on this fund, and was the subject of a chapter of the 2004 book “The Winner’s Circle,” profiling Wall Street’s best mutual fund managers.
Prior to Oppenheimer Funds, Mr. Wilby held various international finance and investment positions at AIG, Northern Trust, Brown Brothers Harriman and the Federal Reserve Bank of Chicago. He also served in U.S. Army Intelligence in Vietnam and Europe.
Mr. Wilby has taught Corporate and International Finance at the Kellogg School of Management at Northwestern University, and International Finance and Economics at the Thunderbird School of International Business. He has been a regular guest on PBS, CNBC, CNN and other major networks, and has been the subject of several articles in the financial press.
Mr. Wilby is a graduate of the U.S. Military Academy at West Point and holds a Master of Arts and Ph.D. in international monetary economics (with distinction) from the University of Colorado. He is a Chartered Financial Analyst®.
https://tiedemannadvisors.com/bio/william-wilby
Chicago, as well as having served in U.S. Army Intelligence in Vietnam and Europe. He currently serves on the Investment Committee for the Board of the West Point Association of Graduates.
“I am excited to be a part of, and to contribute to Tiedemann’s Investment Committee. The Firm's impressive asset growth in recent years is a testament to Tiedemann’s stable team and unmatched commitment to building lasting relationships with clients by offering exceptional investment advice and a superior level of service,” said Mr. Wilby.
About Tiedemann Wealth Management
Tiedemann Wealth Management is an independent wealth advisor with a singular focus – working in partnership with clients to achieve their specific financial goals. Tiedemann provides high net worth individuals, wealthy families, trusts and foundations with customized, objective investment management and wealth planning services. An owner-managed Firm, Tiedemann oversees approximately $9 billion in investable assets.
Founded in 1999, Tiedemann Wealth Management is headquartered in New York, with offices in Palm Beach and San Francisco. The Firm provides trust services through Tiedemann Trust Company, a state-chartered trust company located in Delaware.
For more information, and to view William Wilby’s full bio,\
visit www.tiedemannwealth.com.
Contacts
River Communications
Troy Mayclim, 914-686-5599
tmayclim@riverinc.com
TIEDEMANN WEALTH MANAGEMENT
Contacts
River Communications
Troy Mayclim, 914-686-5599
tmayclim@riverinc.com
Contacts
River Communications
Troy Mayclim, 914-686-5599
tmayclim@riverinc.com
TIEDEMANN WEALTH MANAGEMENT
Contacts
River Communications
Troy Mayclim, 914-686-5599
tmayclim@riverinc.com
Wednesday, December 25, 2019
Greta vs the Fossil Fuel Industry
"You don’t listen to the science because you are only interested in solutions that will enable you to carry on like before"
-- Greta
Thursday, November 21, 2019
The Anti-Value Cycle
Monday, November 18, 2019
Monday, November 11, 2019
Friday, November 1, 2019
leading indicators/WeWork /Immune Amnesia
*******************************************************
The American Lawyer@AmericanLawyer
Firms have been remarkably proactive in building up their bankruptcy practices over the last three years, energizing the lateral market long before the arrival of the anticipated downturn.
After the debt bubble burst a dozen years ago, a cascade of business failures turned bankruptcy practices into a bright spot—and set off a rush for talent—among law firms grappling with the Great Recession.
More than a decade after the last recession, threats to the economy’s health are slowly becoming apparent as more indicators point to an imminent slowdown. But unlike the sudden worldwide financial crisis of the last decade, the slow plod toward the next recession has allowed law firms to be more deliberative in building out their bankruptcy and restructuring practices.
https://www.law.com/americanlawyer/2019/10/29/its-coming-looming-recession-keeps-bankruptcy-partners-on-the-move/
*********************************************************************************
WeWork - scandal
It’s been a tumultuous few weeks for WeWork, and several large law firms are working through each step of the unfolding drama.
Less than a year removed from a $47 billion valuation, the co-working space operator saw its valuation drop to less than $10 billion, had its CEO ousted, is projected to lay off around 2,000 employees and has canceled its much anticipated initial public offering.
The latest developments in the dramatic saga include WeWork’s primary investor, SoftBank, giving WeWork founder and former CEO Adam Neuman a $1.7 billion golden parachute to leave the company and give up his voting power.
It’s been a tumultuous few weeks for WeWork, and several large law firms are working through each step of the unfolding drama.
Less than a year removed from a $47 billion valuation, the co-working space operator saw its valuation drop to less than $10 billion, had its CEO ousted, is projected to lay off around 2,000 employees and has canceled its much anticipated initial public offering.
The latest developments in the dramatic saga include WeWork’s primary investor, SoftBank, giving WeWork founder and former CEO Adam Neuman a $1.7 billion golden parachute to leave the company and give up his voting power.
This is on top of a $500 million stipend to pay off a loan and a $187 million “consulting” fee the bank is giving Neuman, much to the chagrin of analysts.
Prior to Neuman’s exodus, WeWork was hoping to bring in about $3 billion from its IPO and another $6 billion in bank funding post-IPO, The Wall Street Journal reported. But now that the IPO is off (for now), the company could find itself in a position where it is bleeding cash with no reliable source to replenish the coffers.
WeWork withdrew its initial public offering after the company apparently made a series of changes to its initial IPO filing and omitted other details deemed pertinent to the filing, the Journal reported. For instance, the company amended the number of additional workstations added for the year from 273,000 to 106,000. The prospectus apparently also had to be adjusted when the gross income from those stations, stated initially at $1.3 billion, was changed to $800 million. Why? Apparently the numbers were just “wrong”, sources told the Journal.
The company’s prospectus failed to disclose the ownership of a $60 million Gulfstream G650ER (a private jet that is now for sale) and made no mention of Neuman’s sale of hundreds of millions in company stock since the company formed in 2010. Although not required by the SEC, failure to disclose stock sales by company executives doesn’t tend to sit well with prospective investors.
WeWork does still plan on going public, but the timing for that move is now in flux. With Neuman forced out, co-CEOs Artie Minson, formerly the company’s co-president and chief financial officer; and Sebastian Gunningham, who was vice-chairman, told The Washington Post that the company is going to focus on its “core business” for the time being.
“We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” the co-CEOs wrote in a statement.
Link: https://www.law.com/americanlawyer/2019/10/27/deal-watch-wework-drama-spins-off-work-to-multiple-big-firms/
*************************************
You Can't Manage It If You Don't Measure It
Prior to Neuman’s exodus, WeWork was hoping to bring in about $3 billion from its IPO and another $6 billion in bank funding post-IPO, The Wall Street Journal reported. But now that the IPO is off (for now), the company could find itself in a position where it is bleeding cash with no reliable source to replenish the coffers.
WeWork withdrew its initial public offering after the company apparently made a series of changes to its initial IPO filing and omitted other details deemed pertinent to the filing, the Journal reported. For instance, the company amended the number of additional workstations added for the year from 273,000 to 106,000. The prospectus apparently also had to be adjusted when the gross income from those stations, stated initially at $1.3 billion, was changed to $800 million. Why? Apparently the numbers were just “wrong”, sources told the Journal.
The company’s prospectus failed to disclose the ownership of a $60 million Gulfstream G650ER (a private jet that is now for sale) and made no mention of Neuman’s sale of hundreds of millions in company stock since the company formed in 2010. Although not required by the SEC, failure to disclose stock sales by company executives doesn’t tend to sit well with prospective investors.
WeWork does still plan on going public, but the timing for that move is now in flux. With Neuman forced out, co-CEOs Artie Minson, formerly the company’s co-president and chief financial officer; and Sebastian Gunningham, who was vice-chairman, told The Washington Post that the company is going to focus on its “core business” for the time being.
“We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” the co-CEOs wrote in a statement.
Link: https://www.law.com/americanlawyer/2019/10/27/deal-watch-wework-drama-spins-off-work-to-multiple-big-firms/
*************************************
You Can't Manage It If You Don't Measure It
Thursday, October 31, 2019
Sydney shrouded in bush--fire smoke as Melbourne swelters
https://www.theguardian.com/australia-news/2019/oct/31/sydney-shrouded-in-bushfire-smoke-as-melbourne-swelters?
Mobius Foundation
@themobiusfound
Not just the plastic cup, avoid paper cups as well. Carry a reusable cup or a mug for your outdoor needs. There are even foldable and space saver cups in the market for your bags.
Wednesday, October 30, 2019
Ashley Callingbull - REDx Talks Preview.
Currently holding the crown of Mrs. Universe. Ashley has been commended for leveraging her title to advocate for missing and murdered Aboriginal women and Indigenous rights.
Ashely shares her story and continues to inspire people around the world.
TED Talks has some imitators and REDx uses the format with Native speakers talking about Native issues.
Red x
Cowboy Smithx is an Award Winning filmmaker of Blackfoot Ancestry from the Piikani and Kainai tribes of Southern Alberta, Canada.
Cowboy is the founder and curator of the highly acclaimed International Indigenous speaker series “REDx Talks." He also serves as the Artistic Director of the Iiniistsi Treaty Arts Society.
He writes, directs and produces film works in documentary, narrative, music video and experimental. Cowboy is currently working in Indigenous education, Cultural consultation and Youth work across the globe. Cowboy hosts the critically acclaimed podcast “The Silent X”.
Performed on June 2, 2016 at the University of Calgary.
Performed on June 2, 2016 at the University of Calgary.
Cowboy Smithx. REDx Talks “Resilience, Empowerment, Discourse and a silent ‘x.”
REDx Talks
Conversation
Subscribe to:
Posts (Atom)