Saira Malik’s Post

Catching the next investment wave. Nuveen, a TIAA company. Waiting for interest rate cuts, declining valuations or changing bond yields before taking action isn’t likely to be a winning strategy. Rather, Nuveen suggests investors adapt to current markets amid potentially choppy conditions, aware of the risks while taking advantage of available opportunities. 🔗 Read the full article on Investment IQ: https://lnkd.in/gHGtKK-f #financialadviser #investment #investmentmanagement #finance

Nuveen, a TIAA company Real Estate, one of the largest investment managers in the world with $153 billion of assets under management, has secured a further €40 million in capital commitments for its pan-European diversified Value Add strategy, from a Canadian institutional investor. For more information please follow the link in the comments: #investment #investmentmanagement #valueadd

Hi Network, November 2023 seems like a distant memory, but some achievements are timeless. Completing the investment banking simulation for JPMorgan on Forage may have been a bit delayed, but the satisfaction of its completion remains as fresh as ever. It's a reminder that success knows no expiration date.  In the simulation I:  * Identified an ideal M&A target for a client based on an assessment of their   strategic and financial criteria.  * Constructed a DCF model to calculate the valuation of the M&A target and   adjusted the model to account for a competitor bid and supply chain   interruption.  * Created a 2-pager for the client containing a company profile and summary of   the auction process. Whether a goal is completed today, tomorrow, or yesterday, what matters is the journey and the lessons learned along the way. Here's to embracing the journey and celebrating every milestone, no matter when it's reached ! 😁

Learn how TIAA and its investment manager Nuveen are on a mission to #RetireInequality. Jessica Fox shares how we’ve impacted changes in culture and how, as an industry, we can help every person retire with dignity and security. #Wealth@wor(k)

Learn how TIAA and its investment manager Nuveen are on a mission to #RetireInequality. Jessica Fox shares how we’ve impacted changes in culture and how, as an industry, we can help every person retire with dignity and security. #Wealth@wor(k)

Learn how TIAA and its investment manager Nuveen are on a mission to #RetireInequality. Jessica Fox shares how we’ve impacted changes in culture and how, as an industry, we can help every person retire with dignity and security. #Wealth@wor(k)

The chickens have finally come home to roost at Goldman Sachs after CEO David Solomon's succession of strategic blunders triggered a 33% slump in Q3 earnings. This is the 8th successive quarter of profit decline at the fabled Wall Street investment bank that was once known as the planet’s most profitable hedge fund that just happened to have an NYSE listing. In essence, Goldman took the hit for Blankfein/Solomon failed gamble into consumer lending, specially the botched acquisition of the specialty lender GreenSky Capital and the mismanagement of the personal loan portfolio, wealth management and GSAM failure to achieve scale. After the colossal litigation and reputation hit the firm took under king Lloyd and prince Tim for the Malaysian sovereign wealth fund's $5billion fraud, it is a sad testament to his legacy that the stock has dropped below its 312 a share book value under the dubious leadership of his handpicked successor. It is no wonder that the financial media is agog with rumors of partnership civil wars and palace coups at Goldman Sachs. I find it difficult now to believe that Goldman went public on its IPO at almost 5 times its book value back in the Stone Age in 1999. Shelley said it best “My name is Ozymandias, King of Kings, Look on my works, ye Mighty, and despair! Nothing besides remains. Round the decay of that colossal wreck, boundless and bare…” The ice age in investment banking primarily in M&A and IPO underwriting is not yet over. Banking valuations are invariably correlated to ROE and Goldie has managed to generate only a pathetic 7.6% ROE, well below Solomon’s 16% target level. To add insult to injury, archrival Jamie Gorman’s spectacular wealth/asset management deals like the acquisitions of Smith Barney, E-Trade and Eaton Vance has bequeathed Morgan Stanley almost $6 trillion in AUM and a val metric of 2 times book value. Even JPMorgan Chase, a global money center commercial bank trades at 1.6 times book value. I do not see any imminent turnaround in Goldman Sachs unless DJ Solly Boy gets the boot. So all I’m doing is selling 0.6 Delta put options where my worst case scenario is getting delivery well below the bank’s tangible book value level of $290 a share where the implied vols spasm up and make the trade a no brainer in my risk/reward cerebral calculus. As MLK said, “free, free, free money at last!” And the arc of the trading universe definitely tilts to profits!

While this case is yet another blow for those who are foolish enough to still believe in the efficient markets hypothesis those living in the real world now might reasonably ask about any share-price bonuses senior executives received given ...[t]he Court found that ANZ contravened continuous disclosure laws by failing to notify the Australian Securities Exchange (ASX) that between approximately $754 million and $791 million of the $2.5 billion of ANZ shares offered in an Institutional Placement was to be acquired by its underwriters rather than placed with investors. #corpgov #corporategovernance #corporatelaw #regulation #accountability #transparency #publicinterest #integrity #businessethics #ASIC #whitecollarcrime #democracy #directors #directorsandofficers #boards #boardsofdirectors #operationalrisk https://lnkd.in/exqEFtud

Learn how TIAA and its investment manager Nuveen are on a mission to #RetireInequality. Jessica Fox shares how we’ve impacted changes in culture and how, as an industry, we can help every person retire with dignity and security. #Wealth@wor(k)

Learn how TIAA and its investment manager Nuveen are on a mission to #RetireInequality. Jessica Fox shares how we’ve impacted changes in culture and how, as an industry, we can help every person retire with dignity and security. #Wealth@wor(k)