How Successful Advisors Use Technology
On last week’s podcast, Jeremy Schwartz spoke with Rich Cancro, CEO of AdvisorEngine, and Joel Bruckenstein, president of Technology Tools for Today. They discussed how advisors are using technology to deepen relationships with clients and how AdvisorEngine is positioned to help solve many of the challenges of running an advisory business.
Join Us Next Year at the March for the Fallen
A quant finance crew motivated by the great Wesley Gray, CEO of Alpha Architect, descended on Fort Indiantown Gap to march in honor of those fallen in the defense of our nation. It was a true show of force: about 60 finance nerds marched alongside 400 other men and women who served in the military.
Coverage from Wharton’s Fall 2017 Jacob’s Levy Quant Conference
Last week, Jeremy Schwartz and Professor Siegel broadcast the Behind the Markets radio show live from the Wharton School’s Jacobs Levy Equity Management Center for Quantitative Financial Research Fall 2017 Conference. They interviewed Nikolai Roussanov and Richard Roll on factor-based investing research, macroeconomic risk models for explaining the value and momentum effects and more.
Previewing Wharton’s NYC 9/15 Fall Conference and a Bull Case on Productivity
Last week on his podcast, Jeremy Schwartz had two very interesting conversations. The first half of the show focused on the economy, the Fed and the future of productivity with Dan Sichel, currently a professor at Wellesley. The second half of the discussion was with Chris Geczy, finance professor at Wharton and the academic director of the Jacobs Levy Center.
Discussing Portfolio Management with Two ETF Strategists
Last week on our podcast we had the pleasure of speaking with two exchange traded fund (ETF) strategists live in our studio for the hour—Steve Blumenthal, founder of CMG Capital Management, and Corey Hoffstein, Founder and Chief Investment Officer of Newfound Research.
Jeremy J Siegel
Senior Investment Strategy Advisor
Jeremy J. Siegel, WisdomTree’s Senior Investment Strategy Advisor, is the Russell E. Palmer Professor of Finance at The Wharton School of the University of Pennsylvania. Professor Siegel has written and lectured extensively about the economy and financial markets and is a regular contributor to the financial news media. In 1994, he received the highest teaching rating in a ranking of business school professors conducted by BusinessWeek magazine. His book Stocks for the Long Run was named by The Washington Post as one of the 10 best investment books of all time. His latest book, The Future for Investors, is a bestseller.
Luciano Siracusano III
Chief Investment Strategist
Luciano Siracusano is WisdomTree’s Chief Investment Strategist. He is the co-creator, with CEO Jonathan Steinberg, of WisdomTree’s patented Indexing methodology. Mr. Siracusano led WisdomTree’s sales organization from October 2008 until June of 2015, while also serving as the firm’s Chief Investment Strategist. Luciano stepped down as WisdomTree’s Head of Sales in 2015 to focus full time on his duties as Chief Investment Strategist. From 2001 until October 2008, Luciano was WisdomTree’s Director of Research and was responsible for the creation and development of WisdomTree’s proprietary stock indexes. Luciano is a regular guest on CNBC and FOX Business, and speaks and writes frequently on ETFs, indexing and global financial markets. A former equity analyst at Value Line, Luciano began his career as a speechwriter for former New York Governor Mario Cuomo and HUD Secretary Henry Cisneros. He graduated from Columbia University with a B.A. in Political Science in 1987.
Jonathan Steinberg
CEO of WisdomTree
Prior to establishing WisdomTree, Jonathan founded, and served as Chairman and CEO of Individual Investor Group, Inc. From 1998 to 2004, he held the role of Editor-in-Chief of Individual Investor and Ticker magazines. Before his entrepreneurial accomplishments, Jonathan was an Analyst in the Mergers & Acquisitions division at Bear Stearns & Co. He attended The Wharton School at the University of Pennsylvania and is the author of Midas Investing, published by Random House in 1996.
Jesper Koll
WisdomTree's Head of Japan
Jesper Koll was appointed WisdomTree's Head of Japan on July 1, 2015. Over the past two decades Jesper has been consistently ranked as one of the top Japan strategists/economists, working as Chief Strategist and Head of Research for major U.S. investment banks J.P. Morgan and Merrill Lynch. His analysis and insights have earned him a position on several Japanese government advisory committees and Jesper is also one of the few non-Japanese members of the Keizai Doyukai, the Japan Association of Corporate Executives. He has written two books in Japanese, Towards a New Japanese Golden Age and The End of Heisei Deflation. After arriving in Japan in 1986 Jesper initially worked as an aide to a Member of Parliament. Jesper has a Masters degree from the School of Advanced and International Studies at Johns Hopkins University and was a research fellow at both Tokyo University and Kyoto University. He is a graduate of the Lester B. Pearson College of the Pacific.
Jeremy Schwartz
Director of Research
Jeremy is responsible for the WisdomTree equity index construction process and oversees research across the WisdomTree family. Prior to joining WisdomTree, Jeremy was Professor Jeremy Siegel's head research assistant and helped with the research and writing of Stocks for the Long Run and The Future for Investors. He is also co-author of the Financial Analysts Journal paper "What Happened to the Original Stocks in the S&P 500?" Jeremy is a graduate of The Wharton School of the University of Pennsylvania and currently stays involved with Wharton by hosting the Wharton Business Radio program “Behind the Markets” on SiriusXM 111. Jeremy is also a member of the CFA Society of Philadelphia.
Christopher Gannatti
Associate Director of Research
Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. He is involved in creating and communicating WisdomTree’s thoughts on the markets, as well as analyzing existing strategies and developing new approaches. Christopher came to WisdomTree from Lord Abbett, where he worked for four and a half years as a Regional Consultant. He received his MBA in Quantitative Finance, Accounting, and Economics from NYU’s Stern School of Business in 2010, and he received his bachelor’s degree from Colgate University in Economics in 2006. Christopher is a holder of the Chartered Financial Analyst designation.
Kevin Flanagan
Senior Fixed Income Strategist
As part of WisdomTree’s Investment Strategy group, Kevin serves as Senior Fixed Income Strategist. In this role, he contributes to the asset allocation team, writes fixed income-related content and travels with the sales team, conducting client-facing meetings and providing expertise on WisdomTree’s existing and future bond ETFs. In addition, Kevin works closely with the fixed income team. Prior to joining WisdomTree, Kevin spent 30 years at Morgan Stanley, where he was most recently a Managing Director. He was responsible for tactical and strategic recommendations and created asset allocation models for fixed income securities. He was a contributor to the Morgan Stanley Wealth Management Global Investment Committee, primary author of Morgan Stanley Wealth Management’s monthly and weekly fixed income publications, and collaborated with the firm’s Research and Consulting Group Divisions to build ETF and fund manager asset allocation models. Kevin has an MBA from Pace University’s Lubin Graduate School of Business, and a B.S in Finance from Fairfield University.
Bradley Krom
Associate Director of Research
Bradley Krom joined WisdomTree as a member of the research team in December 2010. He is involved in creating and communicating WisdomTree’s thoughts on global markets, as well as analyzing existing and new fund strategies. Prior to joining WisdomTree, Bradley served as a senior trader on a proprietary trading desk at TransMarket Group. Bradley is a graduate of the Wharton School, University of Pennsylvania.
Tripp Zimmerman
Associate Director of Research
Tripp Zimmerman began at WisdomTree as a Research Analyst in February 2013. Now, as an Associate Director of Research, he leads the Firm’s data analytics group, responsible for index creation, maintenance and reconstitution. Tripp travels domestically and internationally to speak about WisdomTree index capabilities and meets with clients across various sales channels. He is also involved in creating and communicating WisdomTree’s thoughts on the markets. Prior to joining WisdomTree, Tripp worked in various investment-related roles for TD Ameritrade, Wells Fargo Advisors, TIAA-CREF and Evergreen Investments. Tripp graduated from The University of North Carolina at Chapel Hill with dual degrees in Economics and Philosophy. Tripp is a holder of the Chartered Financial Analyst designation.
Rick Harper
Head of Fixed Income & Currency
Rick Harper serves as the Head of Fixed Income and Currency for WisdomTree Asset Management, where he oversees the firm’s suite of fixed income and currency exchange-traded funds. Rick has over 22 years investment experience in strategy and portfolio management positions at prominent investment firms. Prior to joining WisdomTree in 2007, Rick held senior level strategist roles with RBC Dain Rauscher, Bank One Capital Markets, ETF Advisors, and Nuveen Investments. At ETF Advisors, he was the portfolio manager and developer of some of the first fixed income exchange-traded funds. His research has been featured in leading periodicals including the Journal of Portfolio Management and the Journal of Indexes. He graduated from Emory University and earned his MBA at Indiana University.
Ambar Bajaj
Fixed Income & Currency
Ambar Bajaj joined WisdomTree as a member of the Fixed Income and Currency team in September 2011. He is involved in creating and communicating WisdomTree’s thoughts on currency and fixed income markets, as well as analyzing existing and new fund strategies. Prior to joining WisdomTree, Ambar traded interest rate derivatives and US Treasuries for a proprietary trading firm. Ambar graduated from the University of Rochester with dual degrees in Economics and Mathematics.
Gaurav Sinha
Asset Allocation Strategist
Gaurav Sinha is currently working as Asset Allocation Strategist at WisdomTree since November 2014. He is leading the Portfolio Analytics and Solutions team and builds specialized investment solutions along with customized analytics for our clients. He is also deeply involved in advancing WisdomTree’s product suite, and has particular expertise on India. Gaurav came to WisdomTree after stints at World Bank, Morgan Stanley and recently with Windhaven Investment Management. He received his Masters in Financial Engineering from Columbia University in 2009 and holds a bachelors Engineering degree from the prestigious Indian Institute Of Technology (IIT).
Anita Rausch
Head of Capital Markets
Anita Rausch is Head of the Capital Markets team. The Capital Markets group is involved in all aspects of WisdomTree ETFs including product development, seeding and bringing new products to market, and working with the client base on trading strategies and best execution strategies. Anita is responsible for the relationships with the trading community and works with them to support the liquidity of the WisdomTree ETFs. Prior to joining WisdomTree, Anita was an Executive Director on the JP Morgan ETF trading desk where she facilitated trades for a wide subset of clients across all ETFs. Anita started her career at Morgan Stanley and became an Executive Director on their ETF trading desk, in charge of the International ETF product. Anita is also a major contributor to both of David Abner’s books, The ETF Handbook (Wiley, 2010) and The Visual Guide to ETFs (Bloomberg, 2013).
Michael Barrer
Senior Associate of Capital Markets
Michael Barrer is a member of the Capital Markets team based in New York. The Capital Markets group is involved in all aspects of WisdomTree ETFs, including product development, seeding and bringing new products to market and working with the client base on trading strategies and best execution strategies. Michael also supports the trading community on providing liquidity and works closely with Hedge Funds on trading and investing in WisdomTree ETFs. Michael began his career in finance as an equity and ETF proprietary trader, followed by two years at Merrill Lynch in an investment-related role. Since joining WisdomTree in 2013, Michael spent a year and a half as an integral member of the sales team and later joined the Capital Markets group to concentrate on his passion for ETF markets and trading. Michael graduated in 2004 from Syracuse University with a focus on business and technology.
Paige Kyle
Capital Markets Associate
Paige Kyle is a member of the Capital Markets team based in New York. The Capital Markets group is involved in all aspects of WisdomTree ETFs, including product development, seeding and bringing new products to market and working with the investor base on trading and best execution strategies. Paige also supports the trading community on providing liquidity and works closely with Hedge Funds and RIAs on trading and investing in WisdomTree ETFs. Paige began her career in finance at Bloomberg LP and subsequently at Bloomberg Tradebook working with clients on electronic trading solutions, developing an expertise in ETF trading. Paige graduated in 2009 from the University of Virginia.
Zach Hascoe
Capital Markets
Zach Hascoe is currently a member of the WisdomTree Corporate Strategy team based in New York. Prior to this, Zach was the Director of Capital Markets for WisdomTree Europe Ltd based in London. He was responsible for building and growing the capital markets infrastructure for the WisdomTree Europe product set among the various market making and trading counterparties across Europe. In addition, Zach was responsible for managing the capital markets relationships with the stock exchanges, authorized participants (APs), market making firms and investment bank institutional sales and trading businesses. Zach began at WisdomTree in New York in August 2010 and has been involved in all aspects of the WisdomTree ETFs including product development, helping to seed and bring new products to market, as well as trading strategies and best execution strategies for the client base. He is a frequent contributor to the WisdomTree blog on topics related to the capital markets, liquidity, structure and best execution. Zach received a B.A. from Bucknell University in Political Science and was Captain of the Bucknell Tennis Team.
David Abner
Head of Europe
David Abner is WisdomTree's Head of Europe. Prior to joining WisdomTree in 2008, David spent two years as a Managing Director and the head of ETF Trading Americas at BNP Paribas. David started his career at Bear Stearns & Co. in 1992. David holds an MS in Management and a BA in Economics from Stony Brook University on Long Island. He is the author of The ETF Handbook (Wiley, 2010) and The Visual Guide to ETFs (Bloomberg, summer 2012).
Christopher Carrano
Investment Analyst
Christopher Carrano is an investment analyst at WisdomTree. He works under Luciano Siracusano, WisdomTree’s Chief Investment Strategist, assisting with market and editorial research. Christopher first joined WisdomTree in April of 2014, and later rejoined the company in September of 2015 after spending time abroad. Prior to WisdomTree, Christopher was an investment consulting intern at Mercer where he monitored and analyzed the investments, and investment managers, of retirement plans and endowments. He graduated from Columbia University with a B.A. in Economics in 2014.
Joseph Tenaglia
Asset Allocation Strategist
Joseph Tenaglia joined WisdomTree as an Asset Allocation Strategist in July 2016. He is responsible for building model portfolios and creating custom solutions for WisdomTree’s clients. Within the research team, Joseph maintains a particular focus on emerging markets. Prior to joining WisdomTree, Joseph worked at Emerging Global Advisors as an Emerging Markets Portfolio Specialist, where he sat on the firm’s Investment Strategy team, oversaw capital markets, and maintained relationships with client home office research and due diligence teams. He started his career at BNY Mellon as a Regional Consultant and also worked as an analyst on the national accounts team. Joseph graduated in 2009 from Boston College. Joseph is a holder of the Chartered Financial Analyst designation.
Jeff Weniger, CFA
Asset Allocation Strategist
Jeff Weniger, CFA serves as Asset Allocation Strategist at WisdomTree. Jeff has a background in fundamental, economic and behavioral analysis for strategic and tactical asset allocation. Prior to joining WisdomTree, he was Director, Senior Strategist with BMO from 2006 to 2017, serving on the Asset Allocation Committee and co-managing the firm’s ETF model portfolios. Jeff has a B.S. in Finance from the University of Florida and an MBA from Notre Dame. He is a CFA charter holder and an active member of the CFA Society of Chicago and the CFA Institute since 2006. He has appeared in various financial publications such as Barron’s and the Wall Street Journal and makes regular appearances on Canada’s Business News Network (BNN) and Wharton Business Radio.
Matt Wagner
Research Analyst
Matt Wagner joined WisdomTree in May 2017 as a Research Analyst. He works under Christopher Gannatti, Associate Director of Research, where he is responsible for research on WisdomTree’s products and views on the market. He started his career at Morgan Stanley, working as an analyst in Treasury Capital Markets from 2015 to 2017 where he focused on unsecured funding planning, execution and risk management. Matt graduated from Boston College in 2015 with a B.A. in International Studies with a concentration in Economics.
Josh Russell
PhD, CFA
Josh Russell joined WisdomTree as a Quantitative Equity Strategist in 2015. He leads the firm’s quantitative group. Prior to joining WisdomTree, Josh created and rebalanced equity indexes for a boutique RIA. In 2012 he earned a PhD in Electrical and Computer Engineering from The University of California, Santa Barbara. He also holds Master’s Degrees in Economics and Electrical Engineering and a Bachelor’s Degree in Electrical Engineering. Josh is a holder of the Chartered Financial Analyst designation.
Major Central Banks Policy Implications for 2016
Jeremy Schwartz recently spoke with Jawad Mian, editor of “ Stray Reflections,” and Richard Clarida, global strategic advisor to PIMCO and economics professor at Columbia, regarding their thoughts on policy action by the Federal Reserve (Fed), the Bank of Japan (BOJ) and the European Central Bank (ECB), as well as global implications for investing. Below I outline the key takeaways.
Go Long (and Short) In One ETF
With the U.S. equity markets enjoying a tremendous positive run over the last six to seven years, with few drawdowns passing the 10% threshold, some investors are looking for alternative investment solutions designed to hedge market risk.
Disrupting High Fee Hedge Funds with a Low Cost Long/Short ETF
For a long time, many investors allocated their portfolios to traditional asset classes only—namely equity and fixed income, often investing on a long-only basis. Over the years, investment researchers hypothesized that diversifying by incorporating international equities, small caps or even emerging market debt could help increase returns and lower risks for the entire portfolio.
Jeremy Schwartz
/ Conversations with Professor Siegel, Interest Rate Strategies, Market News, U.S. Dollar
The Fed to Perpetuate a Strong Dollar
Last week, Professor Siegel and I chat with Marc Chandler, Head of Global Markets Strategy at Brown Brothers Harriman, about his views on divergent central bank policy actions, implications for the U.S. dollar, euro and yen, as well as his thoughts regarding emerging markets.
Introducing New Global Index Methodologies
Each year, we monitor the global Dividend Stream® for growth so that we can refresh the weights of the underlying constituent companies in various WisdomTree Indexes. This year, we incorporated a new global Index methodology covering three new Indexes. Jeremy Schwartz introduces this new approach.