PYMNTS

OCTOBER 1, 2018

Its stock popped 56 percent in the first day of trading, leaving the company’s post-IPO valuation at $8.6 The investigation also discovered irregularities with asset management arm LC Advisors (LCA), a sub-unit of the company dedicated to using loans to construct funds for investors. The Problems and the Reformation.

Valuation 54

Valuation Startups Banking CFO 54

Barry Ritholtz

MARCH 5, 2024

So they’re always making this judgment, will I produce enough cash to, to manage those liabilities? What happened over the last year and a half or so is rates went up and valuations went down. Either you have the asset and the credit risk, I would imagine. This is their hedge to credit risk.

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Credit Risk Investments Banking 57

Barry Ritholtz

AUGUST 29, 2023

So I was a mile deep on a subject matter of bond indexing, but now I had the opportunity to lead an equity indexing group, the entire fixed income team, our investment strategy team that does research for our clients around portfolio construction, those types of things. They create the benchmark.

Investments 52

Investments Benchmarking Valuation Construction 52

Barry Ritholtz

AUGUST 15, 2023

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. It’s much more about security selection and a relatively static portfolio construction. What’s the valuation? RITHOLTZ: And that was problematic.

Benchmarking 52

Benchmarking Investments Marketing Treasury 52

Barry Ritholtz

SEPTEMBER 26, 2023

Because if you’re a risk manager at a bank and all of a sudden the reserve flow is not coming your direction anymore, you’re the expectation that is, it will go the opposite direction. And if they don’t, we’re happy to own them at the valuation that we are creating that company act.

Investments 52

Investments Economics Banking Construction 52

Barry Ritholtz

MARCH 12, 2024

And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages. We didn’t really have to model credit risk because that was, that risk was taken by the agencies. But in these private labels, you had the, the market was taking the credit risk.

Profit and Loss 57

Profit and Loss Investments Marketing Securities 57

Barry Ritholtz

DECEMBER 20, 2022

It’s just a fascinating conversation about looking at the world from both bottoms up and top-down, as well as thinking about what valuations are like, how likely are macro events, the impact you’re getting not just the return on capital, but as famously said in fixed income, a return of your capital. But that’s very helpful too.

Restructuring 61

Restructuring Investments Marketing Banking 61