Tuesday, June 12, 2012
Sunday, June 10, 2012
Sallie Krawcheck's Use of Social Media
By Zach Kouwe
I recently shared my views on former Merrill Lynch executive Sallie Krawcheck’s use of Twitter in an article in RIA Biz, an online publication targeted at Registered Investment Advisors. Many RIA’s and financial advisors have begun using social media to establish themselves as thought leaders in the investment community and land new clients. While there are risks, especially if you’re inexperienced with social media, it can be effective if done correctly. Krawcheck is certainly making good use of the medium.
From RIA Biz –
I recently shared my views on former Merrill Lynch executive Sallie Krawcheck’s use of Twitter in an article in RIA Biz, an online publication targeted at Registered Investment Advisors. Many RIA’s and financial advisors have begun using social media to establish themselves as thought leaders in the investment community and land new clients. While there are risks, especially if you’re inexperienced with social media, it can be effective if done correctly. Krawcheck is certainly making good use of the medium.
From RIA Biz –
“She’s always been known in the industry as a straight-shooter,” says Zach Kouwe, senior account executive for Dukas Public Relations, a New York-based financial PR firm. “She’s trying to re-establish her voice in the financial community. I wouldn’t be surprised to see her start her own financial advisory firm.” See: Six things to consider when reading Sallie Krawcheck’s comments in interviews.
“This is a great example of how social media, even in the very conservative financial space, can be used to get your message out there and establish yourself as a thought leader,” Kouwe says. “I think it’s a great move; I think she does it well.” See: Three ways to use social media in turbulent markets.
Tuesday, March 20, 2012
Friday, February 17, 2012
Howard Marks on Managing Penn's Endowment
The latest memo from Howard Marks, chairman of Oaktree Capital Management, is one of the best pieces I’ve seen from him in a while. With agreement from the University of Pennsylvania, Marks opens the kimono and talks about his stewardship of Penn’s $7 billion endowment from 2000-2010. It’s open and honest and includes some real gems about defensive investing and expectations about performance. Tuesday, February 14, 2012
Pensions and Hedge Funds - Ins and Outs
By Zach Kouwe
There’s been a lot of talk recently about pension funds being drastically underfunded. Somestudies peg the funding gap for state and local pensions at more than $1 trillion. To make up the gap, pensions either have to force their members to contribute more, cut back on benefits or make it up by earning returns in the market. (Sounds like social security, doesn’t it?)Monday, January 30, 2012
Moody's Weekly Credit Report
By Zach Kouwe
Here's Moody's Weekly Credit Outlook for Jan. 30, 2012. Interesting stuff about the sovereign debt crisis in Europe and possible ways forward.
Moody's Weekly Credit Outlook 1-30-2012
Here's Moody's Weekly Credit Outlook for Jan. 30, 2012. Interesting stuff about the sovereign debt crisis in Europe and possible ways forward.
Moody's Weekly Credit Outlook 1-30-2012
Wednesday, January 18, 2012
Inside Citigroup's $54 million arbitration award
By Zach Kouwe
Gretchen Morgenson had a fantastic column in Sunday's New York Times on a little-followed arbitration suit brought by a group of high-net-worth investors from Denver against Citigroup's Wealth Management division. The amount of the award ($54 million) and the fact that a lot of internal documents are now available piqued my interest. So I dug up some of the documents in the court case mentioned in The Times, which involves Citi's appeal of the arbitration decision. Embedded below is the answer the high-net worth investors filed in response to Citigroup's appeal.
It's intriguing not so much because of the alleged fraud that took place, but because the suit names Citi's top producing wealth advisor from 2001 to 2008 (who subsequently joined Credit Suisse) and the supporting documents include a letter written to Vikram Pandit and Sallie Krawcheck by a Citi wealth manager begging the bank to make their clients whole on a money-losing fixed-income product they say was misrepresented as a safe investment. It's the same old story from the Financial Crisis - did the bank intentionally misrepresent the risks or was this an unprecedented event no one could have foreseen? You decide. Here are some of the documents.
Citigroup Arbitration Lawsuit
Gretchen Morgenson had a fantastic column in Sunday's New York Times on a little-followed arbitration suit brought by a group of high-net-worth investors from Denver against Citigroup's Wealth Management division. The amount of the award ($54 million) and the fact that a lot of internal documents are now available piqued my interest. So I dug up some of the documents in the court case mentioned in The Times, which involves Citi's appeal of the arbitration decision. Embedded below is the answer the high-net worth investors filed in response to Citigroup's appeal.
It's intriguing not so much because of the alleged fraud that took place, but because the suit names Citi's top producing wealth advisor from 2001 to 2008 (who subsequently joined Credit Suisse) and the supporting documents include a letter written to Vikram Pandit and Sallie Krawcheck by a Citi wealth manager begging the bank to make their clients whole on a money-losing fixed-income product they say was misrepresented as a safe investment. It's the same old story from the Financial Crisis - did the bank intentionally misrepresent the risks or was this an unprecedented event no one could have foreseen? You decide. Here are some of the documents.
Citigroup Arbitration Lawsuit
Subscribe to:
Posts (Atom)