Podcasts about capital markets

Inflation and investing are once again front and center as markets assess a new mix of price pressures. In this Ask Me Anything episode of The Bid, host Oscar Pulido is joined by Helen Jewell, BlackRock's International Chief Investment Officer for Fundamental Equities, and Tom Becker, senior portfolio manager on BlackRock's Global Tactical Asset Allocation team.Together, they explore what is driving inflation today, from AI infrastructure demand and energy bottlenecks to fiscal spending, supply constraints, and regional differences. The conversation examines how inflation is affecting capital markets, equities, fixed income, stock market trends, and portfolio diversification.This episode also looks at the role of AI as both a near-term inflationary force and a potential longer-term productivity driver. As AI investing accelerates demand for electricity, chips, copper, data centers, and infrastructure, investors are watching how these megaforces reshape markets and the global economy.Key insights:· How AI infrastructure demand is contributing to inflation pressures· Why inflation differs across regions, including the U.S., Europe, Japan, and China· Where pricing power matters most for companies and sectors· How inflation measures like CPI, PCE, and PPI inform market views· Why sticky inflation can challenge traditional stock-bond diversification· How investors can think about inflation across equities, bonds, and multi-asset portfolios

Institutions are increasingly using derivative-based ETFs and FLEX Options as complementary tools to achieve precise risk-return outcomes. This panel will explore how products such as buffer and target outcome ETFs, hedged equity structures, and single-name/high-payout ETFs are reshaping institutional allocation models — and how FLEX Options provide the customization needed to support these strategies. Moderator: Sara Levin, Managing Director, ETF and Derivative Trading, WallachBeth Capital Panelists: Sean Truett, Senior Vice President of Strategy & Business Development, Box Options Market LLC Geoff Gaiss, Vice President Global Derivatives, TRAFiX Burke Ashenden, Head of Capital Markets & Institutional Strategy, Innovator James Maund, Head of Capital Markets, Krane Shares This panel is proudly sponsored by BofA Securities.  

What happens when the biggest AI companies in the world borrow hundreds of billions of dollars to build infrastructure before the demand is fully proven?In this episode of Corporate Finance Explained, we unpack the corporate finance behind the AI boom and explore how Amazon, Microsoft, Meta, and Alphabet are funding one of the largest private capital investment cycles in modern history. With projected AI infrastructure spending approaching $700 billion, the real story is not the technology itself. It's the debt, capital structures, and financial risk sitting beneath the headlines.We break down how hyperscalers are using project finance, special purpose vehicles (SPVs), private credit, and long-term power contracts to build massive AI data centers at unprecedented speed. Along the way, we examine the growing debate around GPU depreciation, AI infrastructure economics, and whether today's AI buildout resembles past capital cycles like railroads and telecom networks.

In this special edition of The Gray Report, Griffin Haddad sits down with Blake Pieroni, Senior Manager of Capital Markets at Gray Capital, for a conversation about life behind the scenes of raising capital for multifamily real estate.Blake recently helped close a $22 million equity raise in just 11 days — the fastest in Gray Capital's history — all while adjusting to life with a newborn at home and chasing a sub-6-minute mile.In this episode, Griffin and Blake dig into:

Send us Fan Mail◆ Iran peace deal in sight but where are the Middle East issuers? ◆ Why primary capital markets will be slow adopters of DLT ◆ Why French covered bond issuance has slowed and why it might pick upThe Iran war has kept the Middle East's bond issuers largely at bay but with the path to peace now clearer, issuance conditions have improved. But even this might not be enough to tempt borrowers back to the primary bond market en masse. We discover why.We also analyse a new report on the digitalisation of wholesale finance and discuss why capital markets might be one of the last bits of finance to go digital.French issuers are among the biggest users of the covered bond market but so far this year, they are way down on the volumes they have issued compared to last year. We examine what has been going on and uncover the reasons why there could be more French deals in the coming months.And we also talk about the GlobalCapital Bond Awards 2026 held this week in London, one of our biggest events of the year, and about some of the awards we handed out on the night.Now read on: Gulf markets lap up peace memo but public issuance unlikely to come roaring backPrimary capital markets could be among last to adopt DLT, report findsCore covered issuers to step forward in second half of yearGlobalCapital Bond Awards 2026: winners revealed

David is joined today by special guest Peter Travers, investor, financier, and long-time trustee at National Review. Their conversation goes from a proper definition of Wall Street to a proper defense of Wall Street to, ultimately, the profound benefits of a market system that coordinates all sorts of different people, actors, capital, and motives in a wide array of human endeavor. It is a pivotal conversation for those wanting to understand not just financial markets, but how human dignity is undermined by the enemies of financial markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Financial market infrastructure is often invisible to investors, yet it powers every trade, settlement, and ownership record across capital markets. As technology evolves, tokenization is emerging as a new way to represent and transfer financial assets, raising questions about how markets may operate in the future.In this episode of The Bid, Oscar Pulido speaks with Rob Goldstein, Chief Operating Officer at BlackRock. They discuss what tokenization means in practice, how it differs from cryptocurrencies, and why digital assets are drawing increased attention from investors, institutions, and policymakers.The conversation explores how tokenization could improve access, efficiency, and connectivity across financial markets. Rob also shares his perspective on the coexistence of traditional financial systems and digital assets, the role of digital wallets, and the regulatory developments that could shape adoption in the years ahead.Key insights:· How tokenization creates digital representations of financial assets· Why tokenization differs from cryptocurrencies and Bitcoin· How digital wallets could expand access to capital markets· Why traditional finance and digital assets may coexist· What role blockchain technology plays in financial infrastructure· How regulation could influence the future of tokenized markets

In this episode, we shine a spotlight on Debt Capital Markets, a crucial yet often overlooked business function within major investment banks like J.P. Morgan, Bank of America, and Citi.Join us as we demystify DCM, explaining its unique role within investment banking divisions and the essential personality traits that make individuals well-suited to this area of finance. From structuring bond offerings to advising clients on debt issuance strategies, DCM professionals play a vital role in facilitating capital raising for corporations and governments worldwide.Get ready to dive deep into Debt Capital Markets and uncover fresh insights into the ever-evolving world of finance. (00:00) What is DCM?(05:50) Working in DCM(08:36) Skills of DCM Analyst(13:48) DCM Progression(14:59) Salary Progression

What if the biggest threat to corporate profitability isn't a recession, a supply chain disruption, or a technological breakthrough, but a tax that changes overnight?In this episode of Corporate Finance Explained, we break down the financial mechanics of tariffs and explore how rising trade barriers are reshaping corporate strategy, supply chains, pricing decisions, and profitability around the world. With the average effective U.S. tariff rate reaching levels not seen since the 1930s, companies are being forced to rethink where they manufacture, how they source materials, and how they manage risk.Using real-world examples from Apple, General Motors, and Ford, we examine how finance teams model tariff exposure, why legal changes can create massive uncertainty, and how tariffs quietly flow through inventory, balance sheets, and income statements before eventually showing up in consumer prices.

At FIA's International Derivatives Expo in London, Mairéad McGuinness, former European Commissioner for Financial Stability, Financial Services and Capital Markets Union, and David Wright, Chairman of Eurofi, joined Walt Lukken to assess Europe's competitiveness challenge. Both warned that a more hostile global environment is exposing structural weaknesses, and that Europe must move beyond incremental reform to unlock capital, scale markets and accelerate decision-making. They argued that mobilising investment and delivering faster political action will be critical to strengthening growth and resilience.

There's great momentum in moving to greater levels of agentic automation, but there are critical areas where deeper consideration is required in how it's applied. In capital markets, trust is a foundational element on which transactions are built and Krisha Vinjamuri, Head of Technology, Enterprise Solutions at S&P Global Market Intelligence, joins host Eric Hanselman to talk about how this can be achieved and the important aspects of successful implementations. One of the useful things in capital markets, is that there are open standards on which to base data ontologies. It's not exciting, but it's the basis of a semantic foundation that can not only ensure that there is depth in data definitions, but can also reduce errors generated by agents. The larger question that looms beyond the construction of foundational architecture, is how the operational envelope that bounds agentic action will be established. This has to be built from policy definitions that take those actions into account. There is great promise and much work that needs to be done. More S&P Global Content: Compute sovereignty: The strategic importance of digital infrastructure AI won't solve its own energy problem – and that might be fine AI in action: unleashing agentic potential AI infrastructure results in 2025 top expectations, forecast upgraded For S&P Global subscribers: FinOps in the age of agentic AI AI Infrastructure Market Monitor & Forecast Service providers race to meet surging enterprise demand for AI infrastructure In 2026, the telecom network becomes code Credits: Host/Author: Eric Hanselman Guest: Krishna Vinjamuri Producer/Editor: Feranmi Adeoshun Published With Assistance From: Sophie Carr, Kyra Smith, Dylan Scheible

In this episode of Corporate Finance Explained, we break down the hidden mechanics of Cost of Goods Sold (COGS) and why the companies that master their costs often outperform competitors that generate far more revenue. Through real-world examples from Costco, Walmart, Tesla, and Blue Apron, we explore how gross margin, unit economics, supply chains, and operational efficiency shape long-term business success.While revenue grabs headlines, COGS determines whether a company can scale profitably, defend its margins, and build a durable competitive advantage. We unpack the strategies behind some of the world's most successful businesses and reveal how seemingly small decisions inside operations, procurement, and product design can dramatically impact profitability.

Asia infrastructure investing is becoming central to the global energy transition as rising demand, energy security concerns, and the need for more resilient systems accelerate capital deployment across the region. In Southeast Asia, the opportunity is not only about replacing old systems, but building new infrastructure at scale for a growing economy.In this episode of The Bid, host Oscar Pulido speaks live from Ecosperity in Singapore with Salim Samaha, Global Head of Energy at Global Infrastructure Partners, a part of BlackRock, and Heidi Yip, Head of Sustainable and Transition Solutions for Asia Pacific at BlackRock. Together, they discuss how the infrastructure opportunity is evolving globally, why Asia's transition differs from Western markets, and where investors are seeing momentum across renewables, grids, storage, and system flexibility. Key insights include:· How Asia's infrastructure build-out differs from Western markets· Why energy security is becoming inseparable from the energy transition· Where capital is flowing across renewables, grids, storage, and interconnection· How public-private partnerships can help mobilize transition finance· Why execution bottlenecks, permitting, and offtake frameworks remain critical· Where AI, innovation, and rising demand may reshape future infrastructure needsKey moments:00:00 Asia Infrastructure Boom01:06 Live From EcoSperity03:16 Energy Transition Now04:20 Southeast Asia Grid Challenge06:43 West vs Asia Reality Check08:58 How APAC Investors Deploy Capital11:26 Scaling Projects and Labor Crunch13:17 Where Capital Flows and Bottlenecks15:13 Five Year Outlook and Innovation17:23 Wrap Up and Disclosures

Asia infrastructure investing is becoming central to the global energy transition as rising demand, energy security concerns, and the need for more resilient systems accelerate capital deployment across the region. In Southeast Asia, the opportunity is not only about replacing old systems, but building new infrastructure at scale for a growing economy.In this episode of The Bid, host Oscar Pulido speaks live from Ecosperity in Singapore with Salim Samaha, Global Head of Energy at Global Infrastructure Partners, a part of BlackRock, and Heidi Yip, Head of Sustainable and Transition Solutions for Asia Pacific at BlackRock. Together, they discuss how the infrastructure opportunity is evolving globally, why Asia's transition differs from Western markets, and where investors are seeing momentum across renewables, grids, storage, and system flexibility. Key insights include:· How Asia's infrastructure build-out differs from Western markets· Why energy security is becoming inseparable from the energy transition· Where capital is flowing across renewables, grids, storage, and interconnection· How public-private partnerships can help mobilize transition finance· Why execution bottlenecks, permitting, and offtake frameworks remain critical· Where AI, innovation, and rising demand may reshape future infrastructure needsKey moments:00:00 Asia Infrastructure Boom01:06 Live From EcoSperity03:16 Energy Transition Now04:20 Southeast Asia Grid Challenge06:43 West vs Asia Reality Check08:58 How APAC Investors Deploy Capital11:26 Scaling Projects and Labor Crunch13:17 Where Capital Flows and Bottlenecks15:13 Five Year Outlook and Innovation17:23 Wrap Up and Disclosures

This episode features CII General Counsel Jeff Mahoney covering the top 10 important events affecting institutional investors from April 30 to May 28, 2026. Some of the topics addressed include: CII's letter to the PCAOB on its 2026-2030 strategic plan, shareholders voting against say-on-pay proposals, and the SEC's proposed reductions to public companies' reporting requirements.

What if the next financial crisis isn't hiding inside the banking system, but outside of it?In this episode of Corporate Finance Explained, we unpack the explosive growth of private credit and the rise of a $2 trillion shadow banking system that is reshaping corporate finance. Once considered a niche alternative asset class, private credit has become one of the fastest-growing sources of business financing, allowing companies to raise billions of dollars outside traditional banks and public debt markets.We explore how private credit emerged after the 2008 financial crisis, why companies are increasingly choosing direct lenders over banks, and how structures like unitranche loans are changing the way deals get done. Along the way, we examine major transactions, hidden risks, and the growing concerns regulators have about transparency, leverage, and systemic risk.

The U.S. Securities and Exchange Commission (SEC) has proposed sweeping new rules that would encourage companies to go, and stay, public. If adopted, the changes would facilitate access to the capital markets and reduce compliance burdens. Industry groups have broadly welcomed the proposals. They say companies will be able to take advantage of desirable market conditions quickly and efficiently. But others are voicing concerns about the balance between flexibility and investor protection. Meanwhile, stakeholders are standing by, assessing the proposed changes for their potential impact. How will the proposed rules affect how companies offer shares and report to investors? How significant is the regulatory impact? And what are the challenges and operational stakes? Join The Sidley Podcast host and Sidley partner, Sam Gandhi, as he speaks with two of the firm's thought leaders on these issues — Sonia Barros, co-leader of Sidley's Public Company Advisory practice, and Carlton Fleming, a partner in Sidley's Capital Markets and Public Company Advisory practices. Together, they discuss the SEC's proposed overhaul of the public company regulatory framework – both for raising capital in registered offerings and for ongoing public company reporting obligations –  and how Sidley is advising clients to prepare for the potential changes.  Executive Producer: John Metaxas, WallStreetNorth Communications, Inc.

What if the most powerful tool in a company isn't the CEO, the strategy deck, or the financial model, but a handful of metrics on a dashboard?In this episode of Corporate Finance Explained, we explore the hidden world of executive dashboards, KPIs, and performance measurement systems that shape decision-making inside the world's largest organizations. From Amazon's famous driver trees to Airbnb's rapid dashboard transformation during the pandemic, we uncover how finance teams use data to focus attention, drive accountability, and guide strategy. We also examine what happens when metrics go wrong. Through the cautionary stories of Theranos and Wells Fargo, we show how poorly designed dashboards, vanity metrics, and misaligned incentives can create blind spots, encourage harmful behavior, and ultimately destroy value. 

This week, CFTC Chair Michael Selig joins the show to discuss the CFTC's recent policy announcement on perps in the U.S. We deep dive into how to regulate crypto in the U.S, prediction markets, 24/7 markets, working with the SEC and more. Enjoy! -- Follow Michael: https://x.com/MichaelSelig Follow Rob: https://x.com/HadickM Follow Empire: https://x.com/theempirepod -- Robots will soon outnumber humans onchain. peaqOS turns them into a new trusted liquid asset class, with yield tied to real-world workloads. It gives robots all they need to do business on any chain — and lets humans earn from automation. Explore the Machine Economy: https://peaq.xyz -- Timestamps: (00:00) Introduction (04:20) Working With The SEC (08:40) Bringing Perps To The U.S (19:03) peaq Ad (19:49) How To Regulate DeFi? (26:08) Becoming The Crypto Capital of The World (29:10) Prediction Markets (45:28) 24/7 Capital Markets (56:39) The Clarity Act (01:00:14) Final Thoughts -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, Rob and our guests may hold positions in the companies, funds, or projects discussed.

ETFs in Asia have grown significantly since the global financial crisis, but their role is changing. What began as a way to access markets is now expanding into broader portfolio applications as investors face more complex market conditions.In this episode of The Bid, Oscar Pulido speaks with Christian Obrist, Head of iShares Distribution in Asia, and Nick Peach, Head of iShares Asia Pacific at BlackRock. They discuss how ETF usage in the region has developed and how investors are applying them across different strategies.The conversation explores how education has shifted from fundamentals to advanced use cases, including liquidity management, tactical allocation, and operational efficiency. It also highlights the role of digital investors, the importance of local market development, and how ETFs are becoming more integrated into portfolio construction.Key moments in this episode00:00 Introduction02:15 How ETF usage in Asia has moved beyond market access03:55 Why ETF investor education is shifting toward advanced applications05:15 Active ETFs and Efficiency06:43 Asia Ecosystem Differences07:40 How digital investors are influencing ETF adoption08:59 Why local market listings matter for ETF accessibility11:27 How ETFs are becoming more integrated into portfolio construction13:52 Asia Weekend Travel Picks15:05 Wrap Up and DisclosuresSources: BlackRock client Survey May 2026

What if the biggest risk to your finance career isn't AI replacing you... But someone else is using AI better than you?In this episode of Corporate Finance Explained, we explore how artificial intelligence is transforming corporate finance, FP&A, treasury, risk management, forecasting, and decision-making across organizations of every size.AI is no longer a futuristic pilot project. It has become a core part of modern business operations. From JPMorgan's 2,000+ AI models to Walmart's massive real-time data infrastructure, leading companies are using AI to automate workflows, improve forecasting, enhance risk management, and drive operational efficiency at scale.

What happens when a company's debt becomes its biggest strategic risk?In this episode of Corporate Finance Explained, we break down the hidden mechanics of corporate debt management, refinancing, restructuring, and the maturity ladder that quietly determines whether businesses thrive or collapse.Most investors focus on revenue growth, margins, and earnings. But beneath the surface, finance teams are constantly managing debt maturities, credit spreads, refinancing windows, and capital market access. When those decisions are handled well, companies gain flexibility and lower financing costs. When they are ignored, even large businesses can find themselves staring down bankruptcy.

What if a company can look wildly profitable on paper… and still collapse in 48 hours?In this episode of Corporate Finance Explained, we unpack the hidden world of corporate liquidity management and why cash flow, not profit, ultimately determines whether a business survives.Most investors focus on revenue growth, margins, and earnings. But beneath every successful company sits a treasury operation responsible for managing liquidity, funding obligations, and keeping the business alive during periods of financial stress.

Amanda Brown, VP of Capital Markets at MAG Capital Partners, discusses how her firm focuses on acquiring single-tenant net lease industrial real estate across the U.S., especially tied to U.S. manufacturing. She highlights investor education, passive investing, and industrial real estate as a strong, growing asset class.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

CRE brokerages have spent tens of thousands configuring Salesforce. Nobody uses it. The data is stale, the pipeline is fiction, and the analyst is entering last week's emails at 8pm to stay compliant.   Yaakov Zar, founder and CEO of Lev.com, has spent six years building a system to fix exactly that. AI-native deal management, not a retrofitted CRM. Lev ingests documents, extracts deal facts, resolves conflicts across sources, and surfaces a single source of truth - without manual data entry. The lender outreach problem is structural, not behavioral. Brokers don't fail to follow up because they're lazy; they fail because tracking 30 lender responses across email, Excel, and Salesforce is an analyst job that breaks at scale. Lev automates the intake, parsing, and quote matrix automatically. The platform is now open infrastructure. API, MCP connectors, and a CLI mean firms can build their own CRE operating system on top of Lev's deal data layer - rather than vibe-coding something that breaks under enterprise compliance requirements. Firms that keep running capital markets on spreadsheets are not just inefficient - they are building institutional knowledge in a format that walks out the door with every departing analyst. The structural advantage of organizations that systematize this data now will compound. For firms that wait, the gap will not close.   *** At GowerCrowd, we are bringing the most advanced AI tools to our clients for capital formation - and across other operational verticals too (like acquisitions). If you'd like to learn more about how we can assist you too, please reach out.   Subscribe to my newsletter and get access to this transformational intel before anyone else:  https://gowercrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000  

In this episode of Investments Unplugged, host Kevin Headland is joined by Alex Richard, Senior Portfolio Manager, Multi-Asset Solutions, to discuss Manulife's newly launched “all-in-one” ETF strategies—against a backdrop where portfolio diversification has reclaimed attention, following a period in which many investors were tempted to chase equity returns. Kevin and Alex describe what makes these portfolios different from traditional “set-it-and-forget-it” asset-allocation ETFs, including: An active, flexible allocation process grounded in regularly updated capital market assumptions; Broader, deeper underlying portfolio diversification (including alternative investments) than many ETFs offer; A robust strategy implementation toolkit that can include select third-party ETFs and futures contracts.  They also share their views on portfolio positioning across equities and fixed income in today's market environment, as well as what role diversifying exposures (like global infrastructure and global credit) can play in a long-term investment strategy.     Key topics & insights 1. Why defense and diversification are back in focus After an extended run of strong equity performance, it's tempting for many investors to de-emphasize portfolio defense and to overemphasize return-chasing. The episode reinforces the notion of strategic diversification being essential to long-term portfolio outcomes, especially amid bouts of macro and market volatility. 2. What are Manulife's new “all-in-one” ETF portfolios? There are three different ETF strategies, each designed to fit a distinct investor risk profile—Manulife Conservative ETF Portfolio, Manulife Balanced ETF Portfolio, and Manulife Growth ETF Portfolio. The target equity/fixed-income portfolio allocations are roughly 60% bonds/40% stocks (conservative), 60% stocks/40% bonds (balanced), and 80% stocks/20% bonds (growth). However, these strategies are designed to go beyond simple equity/fixed-income splits by diversifying across global regions, market caps, investment styles, and degrees of active management. 3. Active at the core, built to adapt, TCR-ready Rather than managing the portfolios to static portfolio targets, the team can deviate from baseline equity/fixed-income allocations and adjust underlying exposures as market conditions warrant. Portfolio decisions are informed by a capital markets assumptions process, conducted quarterly, that covers expected levels of investment risk/return/correlation across 100+ asset classes. “Total-cost reporting (TCR) ready” is positioned as a relevant feature for Canadian advisors and investors focused on total-cost reporting. 4. Broader, deeper portfolio diversification Depending on the particular portfolio, the team can access close to (or upwards of) ~15 asset classes, including alternatives—for stepped-up portfolio diversification versus what many competing ETFs can offer. This broader mandate and flexibility allows for both “offensive” (return-seeking) and “defensive” (risk-managing) portfolio allocations, designed to pursue more consistent investor outcomes over time. 5. Implementation: Manulife ETFs + third-party ETFs + futures The portfolios are not limited to investing only in Manulife ETFs; third-party ETFs may also be used to gain portfolio exposures not available on Manulife's platform. Examples of such “off-platform” portfolio exposures include global listed infrastructure, dedicated high-yield bonds, and emerging-market debt. In addition, where appropriate, the strategies may leverage futures contracts as a means of efficiently adjusting portfolio exposures. 6. Market views and portfolio positioning themes Looking ahead, the discussion highlighted a potentially compressed range of expected market outcomes across core fixed-income and core equity portfolio buckets. In fixed income, investors might favor shorter-duration exposures (less interest-rate risk) and global bonds (outside North America) for potentially more attractive yield opportunities. Judiciously taking some credit risk may make sense in cases where investors are likely to be adequately compensated, such as select high-yield and emerging-market debt. ·   Actionable takeaways for Canadian investors Reassess how diversified your portfolio really is: A portfolio might appear to be more diversified than it really is (with a mix of stocks and bonds); consider additional layers of global and asset-class diversification. Don't assume “conservative” means all bonds: Understand the portfolio's actual target allocations and how much flexibility the manager may have to adjust or move around those allocations as needed when markets shift. In uncertain markets, prioritize portfolio resilience: Long-term investors may be well served by a resilient, diversified portfolio strategy focused on generating attractive risk-adjusted returns while managing volatility and downside risks. Consider the role of diversifiers beyond traditional stocks/bonds: If suitable for your risk profile, non-traditional asset exposures like global infrastructure and select credit sleeves may help provide enhanced portfolio diversification. Pay attention to duration risk in fixed income: If interest-rate volatility remains a concern, shorter-duration fixed-income positioning may better align with capital preservation goals than longer-duration bonds.   Links & Resources Listen to the episode:Investments Unplugged Podcast Learn more about Manulife Investments:Manulife IM Canada Share & Subscribe If you enjoyed this episode, please share it with your network and subscribe for future insights on markets, investing, and portfolio strategy.

What if the most powerful force controlling a corporation isn't the CEO or the market… but a few lines buried deep inside a loan agreement?In this episode of Corporate Finance Explained, we unpack the hidden world of corporate debt covenants and how these invisible financial rules quietly dictate whether companies can acquire competitors, pay dividends, raise capital, or survive economic crises.Most people think corporate success comes down to products, leadership, or market demand. But underneath every leveraged company sits a complex legal framework of covenant restrictions, leverage tests, liquidity requirements, and lender protections that shape every major strategic decision.

Saibjan Khudayberdiyev, Head of Capital Market Development Department, National Agency for Prospective Projects of the Republic of Uzbekistan

Aubrey Masango speaks with Vuyo Lee, chief marketing and corporate affairs officer at the Johannesburg Stock Exchange (JSE), about the institution's impact on South Africa's economy. You’re listening to The Aubrey Masango Show with Aubrey Masango, where real conversations meet expert insights – from politics, to life, personal finance, and more. Catch the show live on 702 weekdays from 8 pm to midnight, or on CapeTalk from 8 pm to 9 pm (South African time) Thanks for listening. Find more from the show and catch-up podcasts on Primedia+ and subscribe to the 702 newsletters for more. Keep the conversation going online: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/capetalkza/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

We examine the development of Islamic capital markets across ASEAN and the shared challenge of transforming regional scale and demand into sustained issuance, liquidity, and market depth. The discussion will explore opportunities and constraints in corporate sukuk and Shariah-compliant capital raising across ASEAN markets, including issuer readiness, pricing dynamics, cross-border structures, and secondary market participation.We discuss how innovation, fintech and regulatory collaboration can broaden the issuer base, strengthen investor confidence and support a more resilient Islamic capital markets ecosystem.Moderator:Rafiza Ghazali, Managing Director, Consumer Banking, FassetPanelists:Boniarga Mangiring, Investment Specialist, Credit Guarantee and Investment FacilityDimas Yusuf, Investment Director, Sucor Asset ManagementDien Sukmarini, Senior Assistant Director of Capital Markets and Islamic Capital Market Development Directorate, Financial Services Authority (OJK)Irwan Abdalloh, Senior Vice Director, Head of Islamic Capital Market Division, Indonesia Stock ExchangeDr Mohamad Zabidi Ahmad, Regional Chief Representative, DDCAP Group™

Asia has often been viewed as a long-term growth story, but its role in global markets is becoming more immediate. The region now represents a significant share of global GDP and listed companies, while operating across distinct economic and policy cycles.In this episode of The Bid, Oscar Pulido speaks with Aarti Angara, Head of Global Product Solutions in Asia Pacific at BlackRock. They examine why Asia is gaining more attention from investors and how opportunities are developing across equities and fixed income.The conversation highlights the region's diversity across countries, sectors, and growth drivers. It also explores themes such as AI-related manufacturing, domestic consumption in emerging markets, Japan's shift in corporate behavior, and the role of Asian bond markets in diversificationKey moments in this episode:00:00 Introduction02:23 How Asia's scale is influencing its role in global portfolios04:20 Why policy and economic cycles differ across the region07:10 Why Japan's corporate and inflation dynamics are drawing attention08:36 Where AI-related manufacturing is concentrated10:20 How domestic consumption is developing in India and Southeast Asia12:47 How Asian fixed income behaves differently from developed markets14:35 How to Allocate in Asia17:42 Singapore Travel Tips18:50 Wrap Up and DisclosuresSources: Bloomberg May 12th 2026,

In this episode, Adam Torres interviews Todd McDonald, President & Head of Onchain Finance at Corda Protocol, as part of the iConnections Miami series. Todd shares insights on tokenization, decentralized finance, institutional adoption of blockchain technology, and how internet capital markets could transform access to global financial services. Follow Adam on Instagram at https://www.instagram.com/askadamtorres/ for up to date information on book releases and tour schedule. Apply to be a guest on our podcast: https://missionmatters.lpages.co/podcastguest/ Visit our website: https://missionmatters.com/ More FREE content from Mission Matters here: https://linktr.ee/missionmattersmedia Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, ⁠Adam Torres⁠ interviews ⁠Todd McDonald⁠, President & Head of Onchain Finance at Corda Protocol, as part of the iConnections Miami series. Todd shares insights on tokenization, decentralized finance, institutional adoption of blockchain technology, and how internet capital markets could transform access to global financial services. Follow Adam on Instagram at ⁠https://www.instagram.com/askadamtorres/⁠ for up to date information on book releases and tour schedule. Apply to be a guest on our podcast: ⁠https://missionmatters.lpages.co/podcastguest/⁠ Visit our website: ⁠https://missionmatters.com/⁠ More FREE content from Mission Matters here: ⁠https://linktr.ee/missionmattersmedia⁠ Learn more about your ad choices. Visit podcastchoices.com/adchoices

What if leasing an asset is actually more dangerous than buying it outright?In this episode of Corporate Finance Explained, we break down one of the most important decisions in corporate finance: lease vs. buy. On the surface, it looks like a simple math problem. But underneath, it becomes a strategic decision that shapes cash flow, tax strategy, operational flexibility, balance sheet risk, and even long-term survival.We explore how companies evaluate capital allocation decisions, why the time value of money completely changes the analysis, and how modern accounting rules transformed leasing from an off-balance-sheet shortcut into a visible financial liability.

Equinox Gold has announced a transformational merger with Orla Mining that will create a major North American gold producer with a pathway toward nearly 2 million ounces of annual production. Ryan King, Executive Vice President of Capital Markets, joins Mining Stock Daily to discuss why the timing made sense for both companies, how institutional investors are responding to the increased scale, and the long-term growth pipeline anchored by Greenstone, Valentine, South Railroad, and Castle Mountain. The conversation also explores the operational ramp-up currently underway at Greenstone and Valentine, the strategic importance of Canadian and U.S. assets in today's geopolitical environment, and how the combined company plans to sequence billions of dollars in future development projects while maintaining strong free cash flow generation.**This episode is a Paid Editorial with Equinox Gold

What if the smartest growth strategy for a company is to sell one of its best businesses?In this episode of Corporate Finance Explained, we break down the hidden logic behind corporate divestitures, spinoffs, asset sales, and why some of the world's largest companies grow faster by shrinking.Most people assume growth means expansion. More acquisitions, more products, more divisions, and bigger corporate empires. But in reality, financial markets often reward companies that simplify, refocus, and unlock hidden value through strategic divestitures.We explore the financial mechanics behind the “conglomerate discount,” why diversified corporate empires often trade below the value of their individual businesses, and how disciplined capital allocation can create enormous shareholder value.

The window for government contractors, especially those in defense and space technology, to go public is open again as several listings over the past 12 months show and SpaceX's own offering this year will illustrate. Dave Khalsa, head of mid-cap defense and government technology investment banking at J.P. Morgan, works on transactions of many different types and observes all of them to help companies in the market figure it all out. In starting out this episode, Dave explains what all companies can take away from the handful of initial public offerings over the past 12 months and SpaceX's listing. This is true of whether they plan to go down the IPO path or not. The rest of the conversation between Dave and our Ross Wilkers focuses on how government priorities shape merger-and-acquisition activities by companies under different ownership models, including private equity and venture capital. Public offerings put GovCon in a new spotlight as SpaceX's listing looms HawkEye 360's public offering hauls in $416M AEVEX fetches $320M in IPO proceeds Firefly captures $868M in IPO proceeds York Space Systems raises $629M in public offering Merlin Labs' public offering collects $200M to build an AI autopilot for any aircraft L3Harris to spin off its rocket motor business with the Pentagon as an anchor investor AeroVironment's tech and business blueprints with BlueHalo now in the fold Veritas Capital's ninth fund grows to $15.3B OceanSound Partners hauls in $3.4B for third fund Arlington Capital fetches $6B for its seventh fund Government equity investments open a new frontier for industry Venture investing is part of the M&A conversation too Anduril hauls in $5B for Series H round Shield AI closes $1.5B Series G round and moves on acquisition Saronic wraps up $600M Series C round Sierra Space and Vast detail their Series C investment rounds

To listen to the full episode, type "#542 - VO - Yoni Assia - eToro - “AI Will Replace Most Traders in 18 Months”" on your listening platform.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Record-breaking volumes of activist campaigns—both public and private—are transforming the investing landscape, as activists leverage newfound voting powers and privileges across markets. In this episode of J.P. Morgan's “Making Sense,” Chuka Umunna, global head of Corporate Governance and Sustainable Solutions, is joined by Darren Novak, global head of Shareholder Engagement and M&A Capital Markets, and Lyndon Park from the U.S. M&A Capital Markets team, to discuss the seismic shifts in shareholder activism.   Their conversation explores how diverse market participants are adapting to the rapidly evolving activism environment, including behind-the-scenes battles in Europe, governance reforms in Japan, and other notable examples from around the world.    Tune in for expert insights on how companies and boards can anticipate, respond to, and thrive amid the “new era of shareholder activism.”   This episode was recorded on May 6, 2026.   This material was prepared by certain personnel of the investment banking group of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide and not the firm's research department. It is for informational purposes only, is not intended as an offer or solicitation for the purchase, sale or tender of any financial instrument and does not constitute a commitment, undertaking, offer or solicitation by any JPMorgan Chase entity to extend or arrange credit or provide any other products or services to any person or entity.  © 2026 JPMorgan Chase & Company. All rights reserved.

What does it mean to operate as an integrated firm in the age of AI? In this episode, Keri Smith, Global AI & Data Lead for Banking and Capital Markets at Accenture, speaks with Mandell Crawley, EVP and Chief Client Officer, and Dan DeDora, Lead, Integrated Client Intelligence and Head of FID Client Strategies at Morgan Stanley, on how AI is transforming client experience, from data activation to breaking down silos, and why true transformation starts with people.

In this episode of Disruption/Interruption, host KJ sits down with David Trainer, CEO of New Constructs, a financial technology firm using machine learning and natural language processing to expose the accounting distortions buried in corporate filings. David pulls back the curtain on decades of Wall Street corruption — from two sets of earnings numbers (one for retail, one for institutions) to the legal practice of front-running client order flow. He explains how he built a robo-analyst to do what human analysts won't: read every footnote of every filing to reveal the truth about corporate profitability. David also shares how Google Cloud chose New Constructs to build the first-ever AI investing agent, and why he believes clean, transparent data is the best defense against both Wall Street manipulation and future AI bad actors. Four Key Takeaways: The system was designed to serve Wall Street, not investors (4:11) David witnessed firsthand at Credit Suisse how analysts maintained two sets of numbers — artificially low estimates for retail investors to manufacture "beats," and real numbers shared only with institutional clients. Wall Street research analysts don't generate revenue for their firms; they exist to facilitate investment banking relationships, meaning they're incentivized to stay bullish regardless of reality. What's unethical isn't always unlawful (8:37) Regulation Fair Disclosure — the law requiring companies to disclose material information to all investors simultaneously — wasn't enacted until the year 2000, after the tech bubble burst. Before that, selective tipping was perfectly legal. And today, payment for order flow (selling your trade data to firms like Citadel before your order is filled) remains legal — a structural advantage that benefits Wall Street at retail investors' expense. 96% of Wall Street analyst ratings are "buy" or "hold" (11:28) Only about 4% of stocks covered by Wall Street analysts receive a sell rating. Trainer uses this stat to illustrate a core conflict of interest: analysts are paid by bankers to say good things about companies. Expecting honest sell-side research is like expecting a car salesman to talk down their own inventory. New Constructs + Google Cloud built the first AI agent for investing (22:59) Google Cloud selected New Constructs — because of their clean, auditable data — to build Finsights, an AI chatbot that answers sophisticated investing questions: which companies are overstating earnings, which stocks are most likely to miss next quarter, which have the most off-balance-sheet debt. Every data point can be traced back to the original corporate filings. Their Core Earnings Leaders Index outperformed the S&P 500 by 900 basis points in 2025. Quote of the Show (12:24):"Expecting Wall Street to talk bad about a stock is like expecting a car salesman to talk bad about their cars." — David Trainer Join our Anti-PR newsletter where we’re keeping a watchful and clever eye on PR trends, PR fails, and interesting news in tech so you don't have to. You're welcome. Want PR that actually matters? Get 30 minutes of expert advice in a fast-paced, zero-nonsense session from Karla Jo Helms, a veteran Crisis PR and Anti-PR Strategist who knows how to tell your story in the best possible light and get the exposure you need to disrupt your industry. Click here to book your call: https://info.jotopr.com/free-anti-pr-eval Ways to connect with David Trainer:LinkedIn: http://www.linkedin.com/in/davidtrainerCompany Website: https://newconstructs.com How to get more Disruption/Interruption: Amazon Music - https://music.amazon.com/podcasts/eccda84d-4d5b-4c52-ba54-7fd8af3cbe87/disruption-interruptionApple Podcast - https://podcasts.apple.com/us/podcast/disruption-interruption/id1581985755Spotify - https://open.spotify.com/show/6yGSwcSp8J354awJkCmJlDSee omnystudio.com/listener for privacy information.

The numbers are staggering. The “magnificent seven” Big Tech companies are expected to have combined capital spending of about $800 billion this year. Data centres' electricity demand is soaring, and hundreds of billions of dollars more are being mobilised to invest in power infrastructure to meet that demand. In this special episode, recorded at the ACORE Finance Forum in New York, host Ed Crooks speaks with five guests at the heart of the revolution in energy finance: bankers, a deal lawyer, a data centre operator and a head of policy. James Wright, Managing Director and Head of US Corporate Banking at CIBC Capital Markets, explains the connection between power, data centres and AI with an analogy borrowed from Nvidia CEO Jensen Huang. Think of AI as a layer cake, with power as the base, data centre infrastructure above it, then hardware, then AI models, and the applications as the icing on top. For banks like CIBC, it is those bottom two layers that matter most. James explains how power developers and data centre builders are increasingly converging. Gas, solar and battery storage are driving the bulk of activity in new power generation, though gas turbine supply chains remain severely stretched. “Powered land” projects, created as sites to attract data centre developers, are a popular idea at the moment. But many of them are highly speculative. James estimates that for every twenty conversations, perhaps a couple result in a financeable transaction. Another hot topic is of behind-the-meter generation and co-located power. James sees it happening, but only at the margin. Grid connections are still the ultimate goal.  Adam Altenhofen, Senior Vice President for Impact Finance at US Bank, brings a different perspective on energy finance. US Bank has deployed more than $33 billion in renewable energy since 2008, primarily through the tax credit programmes for solar, wind and battery storage. The wind and solar tax credits are winding down, but projects that start construction before 4 July this year can still be placed in service through to the end of 2030. The storage tax credit was preserved through to 2036. Behind-the-meter generation, Adam argues, presents a fundamental challenge to the project finance model. If the load disappears, so does the revenue. And unlike for a grid-connected project, there will be no readily available alternative revenue streams to fall back on. Guarantees covering the full duration of the power supply contract are the floor, not the ceiling, for what lenders would need to get comfortable, Adam says.  Mona Dajani, Global Co-Chair of Infrastructure, Energy and Real Estate at the law firm Cooley, sees something structural changing. Hyperscalers are now behaving like utilities, she says. They assess data centre locations based on access to power, reliability and duration of supply. Meanwhile, some utilities are becoming more like infrastructure platforms, building unregulated arms and investing in new technologies to serve growing demand. A cultural gulf used to separate the tech and energy industries. But as they have come to understand their mutual interdependence over the past few years, more constructive collaborations have emerged. Jon Edwards, Executive Vice President and Head of Capital Markets at the data centre developer Switch, offers the operator's perspective. Switch currently consumes roughly one third of Nevada's total power supply and operates at 100% green power. Jon explains how the company decoupled from the utility grid for generation purposes back in 2015, buying its own generation while still using the utility for transmission and distribution, and how that model helped reduce Nevada consumer electricity prices by double digits in 2025. He is another sceptic about behind-the-meter power: it is useful as a bridge in some circumstances, but grid-connected utility power remains the primary and preferred solution for serious, long-duration data centre operations. On the financing side, Jon discusses Switch's recent $2.6 billion letter of credit facility, designed to give utilities the financial certainty they need to invest in new infrastructure, knowing they can be confident the data centre load will be there.  The episode closes with Lesley Hunter, Senior Vice President for Policy at ACORE, who sets the policy backdrop against which all of this activity is playing out. ACORE's latest investor survey makes for sobering reading: 69% of capital providers who replied to the survey said they thought the US industry had in the past year lost attractiveness compared to clean energy sectors in other countries. The same proportion, 69%, expect a further relative decline over the next three years. Lesley identifies two main pain points: the still-unresolved foreign entity of concern rules (FEOC) for tax credit eligibility, and the Department of Defense slow-walking agreements needed for wind development that has held up more than 160 projects. Her message for policy-makers is that regulatory stability is vital. “The core ask of the industry right now is to ensure that players have the rules of the road,” she says. “That those rules won't change mid-stream, and they are able to deploy capital, and trust the federal government when making these long-term investments in US infrastructure.”  Follow the show wherever you're listening so you don't miss an episode. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Figure (FIGR) CEO, Michael Tannenbaum explains how the company is building the future of capital markets on blockchain rails while operating at the intersection of AI and blockchain. He shares why this combination is driving impressive growth and positioning Figure at the center of financial innovation.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Frank Holland and the Investment Committee debate how to trade tech stocks as the sector retreats from record highs. Plus, the desk share their latest portfolio moves. And later, Josh Brown spotlights Capital Market names in his "Best Stocks in the Market."  Investment Committee Disclosures Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today's episode, we go through what to look forward to from MBA's Annual Secondary and Capital Markets conference in New York. Plus, Robbie sits down with Eris Innovations' Geoffrey Sharp for a discussion on how to hedge non-Agency production, which has historically been difficult because these loans lack a liquid, standardized forward market (like the TBA market for agency loans) and carry high levels of prepayment, credit, and basis risk. And we close by examining reaction to non-farm payrolls as it pertains to U.S. economic growth.Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.Today's podcast is brought to you by nCino. As the mortgage industry prepares for nSight 2026 this week, lenders are looking for new ways to work more efficiently and intelligently across the homeownership journey. The nCino Mortgage Suite — including Mortgage Point of Sale, Mortgage Analytics, and Incentive Compensation — helps unite the people, systems, and stages of modern mortgage lending. Learn more at nCino.com/mortgage.

Retirement systems are undergoing a structural shift as traditional pensions decline and individuals take on greater responsibility for financial outcomes. Longer lifespans and evolving capital markets are making retirement planning more complex and consequential.Oscar Pulido speaks with Nick Nefouse, Global Head of Retirement Solutions at BlackRock. They discuss how defined contribution plans, target date funds, and regulatory changes are reshaping how individuals save, invest, and prepare for retirement.The conversation explores how retirement is moving from a focus on accumulation to income generation, particularly during the “retirement window.” It also highlights how global systems are converging toward similar models, and how innovation—across portfolio construction, private markets, and guaranteed income—is influencing long-term outcomes.Key insights:· How the shift from pensions to defined contribution plans is changing investor responsibility· Why longevity is reshaping retirement timelines and financial planning needs· How target date funds are simplifying access to capital markets for individuals· What the “retirement window” reveals about diverging investor outcomes· Where global retirement systems are converging despite regional differences· How income generation is becoming central to retirement portfolio design

Kyle Grieve and Shawn O'Malley analyze OTC Markets Group, a hidden infrastructure company that collects tolls on over 12,000 securities while operating with fewer than 130 employees. They explore why OTCM is the only viable option for small companies and international firms seeking access to the US market, and how this quasi-monopoly has generated exceptional returns without debt or excessive dilution. By the end, you'll understand the durable competitive moats protecting this business and whether the current stock price offers an attractive entry point for value investors. IN THIS EPISODE YOU'LL LEARN: 00:00:00 - Intro 00:01:24 - Why OTC Markets operates as a hidden monopoly, most investors have never heard of 00:03:08 - The three business segments generating recurring revenue from market infrastructure 00:09:09 - How OTCM's pricing power compares to other monopolistic businesses 00:14:54 - Why 130 employees can manage the infrastructure for over 12,000 securities 00:19:41 - What keeps customers so loyal 00:23:02 - How regulatory relationships create barriers to entry 00:46:22 - The surprising reason declining subscriber counts might not be concerning 00:51:00 - The exceptional unit economics that make Corporate Services so profitable 00:54:29 - Why management's capital allocation approach is so different from that of typical CEOs 01:11:54 - Whether this hidden infrastructure gem deserves a spot in your portfolio Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join ⁠⁠⁠The Intrinsic Value Conference⁠⁠⁠ in Omaha this May 1, 2026! Learn how to join us in Omaha for the Berkshire meeting ⁠⁠⁠⁠here⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Shawn, Kyle, Daniel, and the other community members. Track ⁠⁠The Intrinsic Value Portfolio⁠⁠. Learn more about OTC Markets Group on their IR. Listen to an interview with CEO, Cromwell Coulson. Follow Kyle on ⁠⁠⁠⁠X⁠⁠⁠⁠ and ⁠⁠⁠⁠Linkedin⁠⁠⁠⁠. Follow Shawn on ⁠⁠⁠X⁠⁠⁠ and ⁠⁠⁠Linkedin⁠⁠⁠. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try Shawn's favorite tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Kyle Grieve and Shawn O'Malley analyze OTC Markets Group, a hidden infrastructure company that collects tolls on over 12,000 securities while operating with fewer than 130 employees. They explore why OTCM is the only viable option for small companies and international firms seeking access to the US market. Find out whether the current stock price offers an attractive entry point for value investors. IN THIS EPISODE YOU'LL LEARN: 00:00:00 - Intro 00:01:24 - Why OTC Markets operates as a hidden monopoly, most investors have never heard of 00:03:08 - The three business segments generating recurring revenue from market infrastructure 00:09:09 - How OTCM's pricing power compares to other monopolistic businesses 00:14:54 - Why 130 employees can manage the infrastructure for over 12,000 securities 00:19:41 - What keeps customers so loyal 00:27:02 - How regulatory relationships create barriers to entry 00:50:22 - The surprising reason declining subscriber counts might not be concerning 00:59:00 - The exceptional unit economics that make Corporate Services so profitable 01:02:29 - Why management's capital allocation approach is so different from that of typical CEOs 01:19:54 - Whether this hidden infrastructure gem deserves a spot in your portfolio Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Join ⁠⁠The Intrinsic Value Conference⁠⁠ in Omaha this May 1, 2026! Track ⁠The Intrinsic Value Portfolio⁠. Learn more about OTC Markets Group on their ⁠IR⁠. Listen to an ⁠interview with CEO, Cromwell Coulson⁠. Follow Kyle on ⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠. Follow Shawn on ⁠⁠X⁠⁠ and ⁠⁠Linkedin⁠⁠. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses through ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out ⁠⁠⁠⁠⁠The Investor's Podcast Starter Packs⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠: HardBlock Human Rights Foundation Plus500 Netsuite Shopify Vanta References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm