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Where Past Meets Present segment with Dr. Powers and this time the founding of Eagle Point is top of mind, plus plenty of Trumpy legal talk, some open phones follow...Alcatraz, etc.
This is Derek Miller, Speaking on Business. Ski Utah plays a vital role in supporting Utah's ski and snowboard industry, fostering connections within the community while championing efforts that make winter sports more inclusive and impactful for current and future generations. President and CEO, Nathan Rafferty, joins us with more. Nathan Rafferty: At Ski Utah, we proudly serve as the voice of Utah's renowned ski industry, representing the state's 15 ski and snowboard resorts and promoting The Greatest Snow on Earth®. As a 501(c)6 nonprofit, our efforts center on marketing, membership, community engagement and government relations. This season, we're thrilled to highlight exciting developments, from expanded terrain at Deer Valley and Powder Mountain's significant investment into upgrades to night skiing at Brighton and free lift tickets for kids under 12 at Eagle Point. Sustainability and inclusion remain core to our mission. Programs like Discover Winter, supported by Morgan Stanley and the Larry H. Miller Family Foundation, introduce skiing to ethnically diverse adults, while initiatives like the Ski Utah Passport make winter sports more accessible for kids. As Utah prepares to host the 2034 Olympic and Paralympic Winter Games, we look forward to showcasing our exceptional resorts and foster a love for winter sports statewide. Derek Miller: Ski Utah's efforts extend far beyond the slopes, fostering community through inclusion programs, sustainability initiatives and support for youth skiing. Check out a resort or learn more about their impact and how to get involved at SkiUtah.com. I'm Derek Miller, with the Salt Lake Chamber, Speaking on Business. Originally aired: 2/18/25
Interview with Troy Boisjoli, CEO, ATHA Energy CorpOur previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-advanced-north-american-uranium-project-6308Recording date: 17th of January, 2025ATHA Energy Corporation has emerged as a significant player in Canada's uranium sector, controlling the largest uranium exploration land package in the country with 8.5 million acres across the Athabasca and Thelon Basins. The company's flagship Angilak project in Nunavut Territory hosts a high-grade inferred resource of 43 million pounds U3O8 at 0.69% grade, comparable to Cameco's former Eagle Point mine.In 2024, ATHA completed a transformative year, executing a three-way merger with 92 Energy and Latitude Uranium while conducting an extensive exploration program at Angilak. The company drilled 10,000 meters across 25 holes, with each hole intersecting uranium mineralization and expanding the existing resource. Recent geophysical surveys have identified a 25-kilometer-long conductor trend, suggesting significant exploration potential.ATHA has outlined an exploration target of up to 98 million pounds at Angilak, positioning it potentially among the top five uranium projects in Canada. The company plans to focus 70% of its 2025 efforts on advancing Angilak while exploring its broader land package.According to CEO Troy Boisjoli, ATHA sees significant opportunity in the current market environment. The company's peer analysis shows uranium companies in the Canadian landscape trading at $6-12 per pound on an enterprise value basis, suggesting potential upside as ATHA advances its resource development.The broader uranium market context appears favorable, with growing nuclear energy adoption globally as countries pursue decarbonization goals. Supply constraints, following years of underinvestment, combined with increasing demand from major producers and new market participants like the Sprott Physical Uranium Trust, are creating bullish market conditions.The geopolitical landscape adds another dimension to ATHA's strategic position. With Russia and Kazakhstan controlling over half of global uranium supply, Western utilities are seeking alternative sources, enhancing the value of projects in stable jurisdictions like Canada.Looking ahead, ATHA's investment thesis rests on several pillars: its large, high-grade resource with expansion potential, tier-one asset potential at Angilak, extensive exploration upside across its land package, and exposure to rising uranium prices. The company's 2025 plans include resource expansion and development studies, which could serve as major catalysts for growth as the uranium market continues to strengthen.Learn more: https://www.cruxinvestor.com/companies/atha-energySign up for Crux Investor: https://cruxinvestor.com
Founder and CEO Tom Majewski from Eagle Point explains their two funds, Eagle Point Credit Company and Eagle Point Income Company (1:15). CLOs, CEFs, and what income investors should know (4:30). Lots of inflows into ETFs for CLOs. That will change (10:30). Historical distributions and cash flow (12:45). Eagle Point's 'quite interesting' portfolio (25:00). Contextualizing management fee structure (30:20).Show Notes:Eagle Point Credit 2024 Q3 Earnings Call PresentationSteven Bavaria Takes Investors Inside The Income Factory2008 Vs. 2022: The CLO Industry - Eagle Point Credit CEO Tom MajewskiTrinity Capital: An Asset Manager In BDC ClothingRead our transcriptsFor full access to analyst ratings, stock quant scores and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions
Do you ever over order? This year, as is the case every year we were bursting at the seams with guests and talent here at Fiftyfaces Productions and were delighted to produce a bonus series featuring 8 inspiring guests at the end of 2024. We hope you can take some time over the break to listen back to some big themes – neurodivergence and the workforce, system change, moonshots and deep dives - all delivered in bite size chunks. From an asset management president who started out in fashion and used that to put the client at the heart to a stewardship expert who pursued his moon shot, each story is unique and fascinating. We hear from the CEO of the NZ Super Fund about the philosophy that guided him towards a total portfolio approach at the 77 Billion NZ fund and an expert on system change on the challenge and opportunity that it presents. We speak with an economist who translates the volatility of markets into a professional context and an investment consultant who defied expectations to forge a stellar career despite losing his site at the age of 7. Returning to the theme of neurodivergence in the workforce we speak with the founder of a new website for neurodivergent individuals and we end with the compelling tale of an allocator who learned how to spot talented investors and is using her position now to fuel their growth.The Bonus series features: Lindsey Stewart, Raudline Etienne, Matt Whineray, Carol Geremia, Steve Foresti, Frank Dixon and Tiffany Wilding as well as special guest Veena Aiyer. So take some time to listen back to our 58 podcasts of 2024, send us your comments, feedback and ideas for new guests, and if you can, please support us on Patreon. Thank you to Apollo, Resolute Investment Management, Alvine Capital, PIMCO, GCM Grosvenor, Nuveen, JP Morgan Chase, Ninety One, Eagle Point, Ruffer, With Intelligence, Longview Productions and all of our supporters over the course of 2024
Interview with Troy Boisjoli, CEO of Atha Energy Corp.Our previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-north-americas-largest-uranium-exploration-portfolio-6037Recording date: 25th November 2024ATHA Energy, a uranium exploration company with an extensive land portfolio, is making strategic advancements in a market poised for significant growth. With over 8.5 million acres across Canada's premier uranium jurisdictions, including the Athabasca and Thelon Basins, ATHA's flagship Angilak project in Nunavut is at the forefront of its development strategy. The project has a historical resource of 43 million pounds (Mlbs) of uranium at an average grade of 0.69% U₃O₈, with exploration indicating the potential to expand that resource to an upper target of 98 Mlbs.The Angilak project is a standout asset, offering both scalability and development advantages. Located in Nunavut, a mining-friendly jurisdiction where 47% of GDP is mining-related, the project benefits from existing supply chains and infrastructure established by neighboring operators like Agnico Eagle. Unlike many deeper uranium deposits, Angilak's mineralization begins at or near the surface, reducing development complexity and costs. “At Angilak, [the resource] comes right to surface—it's sub-cropping,” noted ATHA CEO Troy Boisjoli, highlighting this key advantage.ATHA's leadership team brings extensive uranium experience, including expertise from Cameco and NexGen. Boisjoli, who served as Chief Geologist at Cameco's Eagle Point Mine, sees parallels between Angilak and his previous operations. He emphasized, “Eagle Point had a very similar profile to Angilak—70 million pounds remaining at 0.7%.” The team's capability spans early-stage exploration through to operational development, positioning ATHA to efficiently de-risk and scale its assets.The company employs a disciplined capital allocation strategy, directing 70% of its resources toward Angilak while investing the remaining 30% in discovery-stage projects like the Gemini property in Saskatchewan and other generative opportunities. This approach ensures near-term growth and a robust pipeline of future prospects, mitigating risks associated with reliance on a single project. Assay results from Gemini are expected in Q1 2025, adding another layer of potential upside.ATHA's timing aligns with a favorable uranium market. The industry is experiencing a resurgence, driven by long-term contracting cycles, growing nuclear energy adoption, and limited supply. As Boisjoli observed, “We're entering a long-term contracting cycle similar to 2006, when demand significantly outpaced supply and created upward pressure on uranium prices.” Recent production challenges from competitors like Paladin and Peninsula highlight the market's tightness and underscore the need for scalable, high-quality assets like Angilak.Angilak's exploration results further enhance its appeal. A 10,000-meter drill program conducted in 2023 demonstrated mineralization across all 25 holes, validating the resource's growth potential. Boisjoli emphasized ATHA's rigorous approach, which relies on hard data rather than speculative geophysical targets, ensuring confidence in the project's scalability.For investors, ATHA Energy presents a compelling case. With a flagship asset primed for resource expansion, a seasoned leadership team, and a disciplined approach to exploration and development, ATHA is well-positioned to capitalize on the growing uranium market. The combination of timing, expertise, and a diversified asset base offers a unique opportunity for those seeking exposure to this generational uranium opportunity.—Learn more: https://cruxinvestor.com/companies/atha-energySign up for Crux Investor: https://cruxinvestor.com
A collateralized loan obligation's (CLO) reinvestment period is among the keys to the success for the asset class in the view of Eagle Point's Founder and Managing Partner Tom Majewski. He joins Bloomberg Intelligence's Noel Hebert and Sam Geier on this edition of Credit Crunch to walk through Eagle Points focus on the higher-risk tranches of a CLO structure, with an emphasis on equity. The discussion touches on holder concentration, the growth in covenant-lite loans, misconceptions around forced selling, synergies with private credit markets and much more.
Ashland, Oregon, is a beautiful town with a lot of charm, but it's not for everyone. Thinking about moving here? Before you pack your bags, there are some things you should know. In this episode, we'll walk you through the realities of life in Ashland — from the cost of living to the quirks of small-town life. If you can handle these challenges, Ashland might just be the perfect place for you. If not, you might want to rethink your decision. ============================= Welcome to Simona Fino's Real Estate Adventure!
Is 418 SE I St the home you've been dreaming of? In this episode, I will take you on a personal tour of this stunning property in Grants Pass. In this lifestyle listing video, I'll show you all the unique features and charms that make this lovely duplex truly special. Could this be your next perfect place? Listen and find out. Welcome to Simona Fino's Real Estate Adventure!
The Timber Industry has always drawn tough, courageous people. The industry is dangerous work. Its hard work but those who stick with it, it is also rewarding work. The couple you are about to meet is opening a lumber mill. Yes, you heard me right. In a day when mills are shutting down this Eagle Point couple thinks it's time to dig in and do it a bit differently.
In this episode of the InsuranceAUM.com podcast, host Stewart Foley sits down with Karan Chabba, Principal and Head of Regulatory Capital Relief (RCR) and Specialty Finance at Eagle Point Credit Management. They dive deep into the evolving landscape of regulatory capital relief and synthetic risk transfer (SRT) transactions. Karan shares insights into why Eagle Point has ventured into this niche area, explaining the appeal of these structures for banks seeking to manage their capital requirements efficiently. Karan also elaborates on how Eagle Point leverages its expertise across multiple credit sectors, including CLOs and structured finance, to identify and seize opportunities in both the RCR and specialty finance spaces. This episode offers a comprehensive understanding of how Eagle Point navigates the complexities of these markets, providing valuable takeaways for investors interested in exploring these unique and growing investment areas. Tune in to learn more about how Eagle Point Credit Management is setting itself apart in the world of specialty finance and RCR, and why this area is gaining more attention from banks and investors alike.
Jackson County COmmissioner COlleen Roberts and Joyce Mchelangelo discuss the badness of Measures 15-224, 225, and 226. Event tonight 6pm in Eagle Point, Medford Tuesday at 6pm. Chris Barnett wants your vote for Jo County Commissioner!
Ken Onorio is the Chief Financial and Chief Operating Officer of Eagle Point Credit, a $9 billion credit-oriented investment firm. At some level, this is an interview about the softer skills in our space. Having spent time in hedge funds and a tour in fund administration, Ken shares his unique perspective with some key takeaways. Ken then discusses his career path and lessons learned while at JP Morgan, Amaranth Advisors and Sailfish Capital to create a firm and culture built for the long haul. We cover the operational complexities of running credit funds, what is takes to run a publicly listed fund on the NYSE, and how to take a partnership approach to hiring third-party service providers as an extension of your office. We discuss how to build culture, employee empowerment and how Eagle Point promotes from within and the impact of hiring for attitude, not aptitude. All data included herein is as of February 29, 2024. Learn More Follow Capital Allocators at @tseides or LinkedIn Subscribe to the mailing list Access transcript with Premium Membership
Are you considering living in Eagle Point, Oregon and wondering what it's like to live here? You've come to the right place! Join Simone Fino as she takes you on an episode of exploring this charming small town nestled in Southern Oregon. From the cozy Crystal View Estates to the surrounding neighborhood, get ready to experience the essence of Eagle Point. In this episode, Simone explores Eagle Point's unique character and highlights its natural beauty. Learn about the town's population, its proximity to Medford, and its reputation as the gateway to the lakes. Discover why Eagle Point is the perfect blend of nature and community living. Don't miss out on this opportunity to explore Eagle Point with Simone Fino! ============================= Chapters: 00:00 Introduction 00:16 Tour of Crystal View Estates 00:27 Overview of Eagle Point 00:47 Outdoor Activities in Eagle Point 01:13 Convenience and Amenities 01:30 Local Attractions 02:01 Housing Market 03:08 Features of the Featured Home 03:24 Conclusion =============================
This month, Thomas Majewski, Founder and Managing Partner at Eagle Point Credit joins your host Brian Bejile, CEO of Octaura on The Ramp Up. Tom has been at the center of some of the most impactful innovations in the CLO market. On this episode, we cover a wide spectrum – including how Tom executed one of the earliest known CLO equity trades and what led him to start one of the first CLO equity funds. About Tom Tom is the Founder and Managing Partner of Eagle Point Credit Management. He manages Eagle Point and its affiliates, oversees all of the firm's investment offerings, and is the lead Portfolio Manager for Eagle Point's multi-credit strategies. Tom is Chairman of the firm's Investment Committee. Tom founded Eagle Point in 2012 and has over 28 years of experience in credit and structured finance. He led the creation of some of the earliest refinancing CLOs, pioneering techniques that are now commonplace in the market. In 2017, Tom received the Entrepreneur of the Year Award from Ernst & Young in recognition of Eagle Point's innovative and entrepreneurial culture. He holds a BS in Accounting from Binghamton University.
An Eagle Point school teacher files a racial discrimination suit. Pacific Legla Foundation attorney Andrew Quinio explains it. Later State Senator Linthicum talks the session, politics, lower costs for insulin but what are the downsides??
We have got a phenomenal podcast today. This is the second in our Due Dilly series where we bring an insurance CIO on to do a deep dive on an asset class. Today, we're joined by Joe Eppers, the Executive Vice President and Chief Investment Officer of Selective Insurance Group and Tom Majewski, Founder and Managing Partner of Eagle Point Credit Management.
Frank Sorrentino, CEO of ConnectOne Bank, joins to discuss his outlook for the economy and Fed, what ConnectOne is seeing in construction lending, as well as other pressures on regional banks. Thomas Majewski, CEO at Eagle Point, joins to talk about collateralized loan obligations, and new managers betting on the market. Dina Ting, Head of the Global Index Portfolio Management Team at Franklin Templeton ETFs, joins to discuss ETF flows and ETF investing strategies. Mark Douglas, CEO at MNTN, joins to discuss the Disney CFO change and preview Disney earnings. Hosted by Matt Miller, Emily Graffeo, Katie Greifeld, and Scarlet Fu.See omnystudio.com/listener for privacy information.
Ron Gordon has the latest financial news, then a great talk with Dr. Dennis Powers on Where Past Meets Present. We talk of the history of the OLD WOOD HOUSE on Hwy 62 near Eagle Point, and talk the other news and views, too.
Today we welcome Dan Skinner of Eagle Point Credit, who is a Senior Principal and Portfolio Manager and is responsible for the firm's defensive income strategy that invests in portfolio debt securities.
The end of Libor is a little over a week away, and some US corporate borrowers are still racing to switch their floating rate loans to SOFR ahead of the 30 June deadline.The loan market's transition away from the old reference rate has been slow, but increasingly contentious in recent months. Borrowers, lenders and financial sponsors have tussled over the compensation offered to loan investors to swap into the lower-yielding SOFR benchmark.In this week's edition of Cloud 9fin, US deputy editor David Bell sat down with Dan Ko, a senior principal and portfolio manager at Eagle Point Credit Management to talk about how CLO equity investors rallied loan buyers to resist off-market SOFR amendments — as well as the challenges and opportunities in CLO equity as more deals exit their reinvestment periods.
In this episode, the Main Creeps try assorted snacks from Buc-ee's of Texas. We tried Beaver Nuggets, Buc-o's snack rings in sweet heat barbecue, dark chocolate sea salt caramel, milk chocolate caramel, cinnamon mints. Kelsey tells the story of a ranch cowboy in Eagle Point, Oregon, who lassoed a bike thief in a Walmart parking lot. A vigilante tale that will echo through the ages. All Walker Oregon Ranger wanted was some dog food.
David Semmens is Chief Investment Officer at Cadro and an External Investment Committee Member at Wealthify where he was previously CIO. He holds additional Investment Committee and advisory roles and is an adjunct lecturer at Heriot-Watt University. Our conversation starts with David's path into the world of investment which took him around various European cities and ultimately to Edinburgh where he decided to settle. We speak about the impact of Fintech on the way that wealth is managed and discuss its disruptive nature as well as the focus on dynamism and change. This is a significant shift from the older, more static, approach to managing money towards a more personalized and interactive approach. We trace the beginning of this interactivity to ESG and sustainable investing trends and now examine how it is becoming more widespread. We return to the concept of communication and how key that is to get ideas across. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, they believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
David Semmens is Chief Investment Officer at Cadro and an External Investment Committee Member at Wealthify where he was previously CIO. He holds additional Investment Committee and advisory roles and is an adjunct lecturer at Heriot-Watt University. Our conversation starts with David's path into the world of investment which took him around various European cities and ultimately to Edinburgh where he decided to settle. We speak about the impact of Fintech on the way that wealth is managed and discuss its disruptive nature as well as the focus on dynamism and change. This is a significant shift from the older, more static, approach to managing money towards a more personalized and interactive approach. We trace the beginning of this interactivity to ESG and sustainable investing trends and now examine how it is becoming more widespread. We return to the concept of communication and how key that is to get ideas across. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, they believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Sonali Patel Wilson is Managing Director and Director of Alternatives, Americas at Wellington Management where she is based in the New York City area. She sits on the investment committee of the Harry and Jeanette Foundation in Baltimore and she is the trustee of EWAAB Encouraging Women across All Borders, which helps college aged women and non-binary individuals build their confidence to enter STEM and finance fields. She previously held various positions at PIMCO focused on account management in the alternatives area and has held various investor relations and analyst roles. Our conversation traces Sonali's roots and the path her parents took as immigrants from India as well as the entrepreneurship and sacrifice that served as the backdrop to her childhood. The entrepreneurship journey took them from lobby convenience store stands to real estate and the focus was on studying and academic achievement and, always, hard work. We move then to her journey into investment and finance and how she found her voice and style in developing a network and some of the surprising turns that that journey took. This discussion infuses Sonali's personal and professional lives, in which she followed a tradition of "breaking with tradition" in her own choice of life partner, and this has given her a new appreciation for diversity and inclusion. Sonali has numerous interests that are close to her heart and many of them relate to STEM and finance and getting those areas more diverse. In particular her work with EWAAB (Encouraging Women across All Borders) is impactful in this respect and we discuss what drives her to do more in this area. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, they believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Sonali Patel Wilson is Managing Director and Director of Alternatives, Americas at Wellington Management where she is based in the New York City area. She sits on the investment committee of the Harry and Jeanette Foundation in Baltimore and she is the trustee of EWAAB Encouraging Women across All Borders, which helps college aged women and non-binary individuals build their confidence to enter STEM and finance fields. She previously held various positions at PIMCO focused on account management in the alternatives area and has held various investor relations and analyst roles. Our conversation traces Sonali's roots and the path her parents took as immigrants from India as well as the entrepreneurship and sacrifice that served as the backdrop to her childhood. The entrepreneurship journey took them from lobby convenience store stands to real estate and the focus was on studying and academic achievement and, always, hard work. We move then to her journey into investment and finance and how she found her voice and style in developing a network and some of the surprising turns that that journey took. This discussion infuses Sonali's personal and professional lives, in which she followed a tradition of "breaking with tradition" in her own choice of life partner, and this has given her a new appreciation for diversity and inclusion. Sonali has numerous interests that are close to her heart and many of them relate to STEM and finance and getting those areas more diverse. In particular her work with EWAAB (Encouraging Women across All Borders) is impactful in this respect and we discuss what drives her to do more in this area. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, they believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Monika Mantilla is the President and CEO of Altura Capital, which provides institutional investors and strategic partners a mechanism of investing in underserved markets including high-performing small and diverse businesses. She is also a Co-Founder and Managing Member of Small Business Community Capital. She is a Member of the Board of Directors of Los Cidrines, based in Puerto Rico and Florida as well as holding a number of other board roles. Our conversation captures Monika's upbringing in Bogota, Colombia and her path through law and logistics into the world of investment. We dig in then to what the vision is for Altura Capital - which means "Height" as well as "dignity". Raising small business and underrepresented diverse-owned businesses to new heights with dignity. We discuss what impact means and how it is measured. We discuss then other entities that have similar missions such as Minority Business Development Agency and the Knight Foundation has done. We end then with the importance of relationships, self-reflection and building powerful networks. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Monika Mantilla is the President and CEO of Altura Capital, which provides institutional investors and strategic partners a mechanism of investing in underserved markets including high-performing small and diverse businesses. She is also a Co-Founder and Managing Member of Small Business Community Capital. She is a Member of the Board of Directors of Los Cidrines, based in Puerto Rico and Florida as well as holding a number of other board roles. Our conversation captures Monika's upbringing in Bogota, Colombia and her path through law and logistics into the world of investment. We dig in then to what the vision is for Altura Capital - which means "Height" as well as "dignity". Raising small business and underrepresented diverse-owned businesses to new heights with dignity. We discuss what impact means and how it is measured. We discuss then other entities that have similar missions such as Minority Business Development Agency and the Knight Foundation has done. We end then with the importance of relationships, self-reflection and building powerful networks. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Tory Hyndman is a Partner at Charta Partners. She has had a career of 25 years in executive search focused on investment management, having spent time at Heidrick & Struggles as well as David Barrett Partners, where she established the London office and wider EMEA business. She is passionate about educating women about careers in the City and is a volunteer for Founders4Schools as well as Maths4Girls as well as an Ambassador for The Diversity Project. Our conversation starts with Tory's upbringing in Vancouver, her university career at Queen's in Kingston and how she was first introduced to the concept of executive search. A spell in Hong Kong followed and then a long career in some of the most storied search firms servicing the financial sector. This deep dive into human capital starts with her craft - attracting and retaining it. We discuss how hybrid working has led to lower turnover in some quarters, and how it has leveled the playing field for so many. We look at the areas where attracting talent has been challenged and how the changing shape of social media - including in particular LinkedIN - is changing the landscape for search. We then move on to another aspect of human capital - finding it and lighting the spark for math and finance at an early stage. Tory is passionate about encouraging financial literacy and getting more girls to study STEM. She describes the impact of such programs and the work that she does for The Diversity Project as an ambassador. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Tory Hyndman is a Partner at Charta Partners. She has had a career of 25 years in executive search focused on investment management, having spent time at Heidrick & Struggles as well as David Barrett Partners, where she established the London office and wider EMEA business. She is passionate about educating women about careers in the City and is a volunteer for Founders4Schools as well as Maths4Girls as well as an Ambassador for The Diversity Project. Our conversation starts with Tory's upbringing in Vancouver, her university career at Queen's in Kingston and how she was first introduced to the concept of executive search. A spell in Hong Kong followed and then a long career in some of the most storied search firms servicing the financial sector. This deep dive into human capital starts with her craft - attracting and retaining it. We discuss how hybrid working has led to lower turnover in some quarters, and how it has leveled the playing field for so many. We look at the areas where attracting talent has been challenged and how the changing shape of social media - including in particular LinkedIN - is changing the landscape for search. We then move on to another aspect of human capital - finding it and lighting the spark for math and finance at an early stage. Tory is passionate about encouraging financial literacy and getting more girls to study STEM. She describes the impact of such programs and the work that she does for The Diversity Project as an ambassador. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Cathy Ulozas is Chief Investment Officer at Drexel University where she has just celebrated her 13th anniversary as CIO. She has had a long career in asset management, including stints as a bond trader and portfolio manager. We start at the beginning of that career, trace its twists and turns and discover some of the unexpected areas that she found intense professional growth. We start with her time in insurance and move to what she learned as a bond trader and the camaraderie she felt on the trading floor. One unexpected turn was into a role in process improvement which after two years saved over $80 m for the bank and was an intense period of learning in areas of managing of people, implementing change and wringing efficiencies from processes. Our conversation then turns to what is on Cathy's mind as CIO at a university today and how the investment office works. We examine the role of a university investment office in fulfilling the mission of a university and how these can be aligned in unique opportunities. Cathy's experience has offered her a wealth of opportunities to learn from the wisdom of others and develop her own insights, and she shares many examples of these with us at the end of the podcast. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Cathy Ulozas is Chief Investment Officer at Drexel University where she has just celebrated her 13th anniversary as CIO. She has had a long career in asset management, including stints as a bond trader and portfolio manager. We start at the beginning of that career, trace its twists and turns and discover some of the unexpected areas that she found intense professional growth. We start with her time in insurance and move to what she learned as a bond trader and the camaraderie she felt on the trading floor. One unexpected turn was into a role in process improvement which after two years saved over $80 m for the bank and was an intense period of learning in areas of managing of people, implementing change and wringing efficiencies from processes. Our conversation then turns to what is on Cathy's mind as CIO at a university today and how the investment office works. We examine the role of a university investment office in fulfilling the mission of a university and how these can be aligned in unique opportunities. Cathy's experience has offered her a wealth of opportunities to learn from the wisdom of others and develop her own insights, and she shares many examples of these with us at the end of the podcast. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Libby Cantrill is a managing director in PIMCO's portfolio management group. In her role, she analyzes policy and political risk for the firm's Investment Committee and leads U.S. policymaker engagement and policy strategy for the firm. She also works closely with PIMCO's Global Advisory Board, led by former Federal Reserve Chair Ben Bernanke. Prior to joining PIMCO in 2007, she served as a legislative aide in the House of Representatives and also worked in the investment banking division at Morgan Stanley. Our conversation starts with her early interests in policy and politics, and how the seeds were sown as early as in grade school in Colorado. We trace this interest through her time as a legislative aide in Washington DC, and ask what she learned from her time on “the Hill” about conflict and compromise in politics. We move then to her switch into finance and her current role at PIMCO, in which she wears two hats essentially. One is as a political strategist providing political intelligence to the investment team, investment committee and clients, while the other is leading in policymaker engagement. We speak about polarization in politics and what remains at the center, and discuss this at multiple levels, ending in the area of ESG and sustainability investing and how politics is intersecting with this aspect of investing. We then discuss her role with the Global Pimco Advisory Board and I ask what it is like to work with the venerable Ben Bernanke. To find out what this is like and to hear more from Libby about her reflections on the diversity and development of the industry, tune in. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Libby Cantrill is a managing director in PIMCO's portfolio management group. In her role, she analyzes policy and political risk for the firm's Investment Committee and leads U.S. policymaker engagement and policy strategy for the firm. She also works closely with PIMCO's Global Advisory Board, led by former Federal Reserve Chair Ben Bernanke. Prior to joining PIMCO in 2007, she served as a legislative aide in the House of Representatives and also worked in the investment banking division at Morgan Stanley. Our conversation starts with her early interests in policy and politics, and how the seeds were sown as early as in grade school in Colorado. We trace this interest through her time as a legislative aide in Washington DC, and ask what she learned from her time on “the Hill” about conflict and compromise in politics. We move then to her switch into finance and her current role at PIMCO, in which she wears two hats essentially. One is as a political strategist providing political intelligence to the investment team, investment committee and clients, while the other is leading in policymaker engagement. We speak about polarization in politics and what remains at the center, and discuss this at multiple levels, ending in the area of ESG and sustainability investing and how politics is intersecting with this aspect of investing. We then discuss her role with the Global Pimco Advisory Board and I ask what it is like to work with the venerable Ben Bernanke. To find out what this is like and to hear more from Libby about her reflections on the diversity and development of the industry, tune in. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Duncan MacInnes is an Investment Director at Ruffer LLP, where he has spent over a decade. He previously worked in wealth management. I have enjoyed listening to Duncan discuss positioning and multi-asset insights on the conference circuit and wanted to take this opportunity to discuss his views on the current macro backdrop as well as the state of play in finance circles as we wrestle with failing banks and what this means for investors. We start our conversation with a run through Duncan's upbringing in Scotland and his initial study of law, his passage into first wealth management and then asset management. His initial training in wealth management took him to Asia and we discuss how that total immersion experience lit the fire for an interest in economics, markets and multi-asset class investing. Moving to his current outlook we discuss Ruffer's preference for "minimax regret" which is the practice of minimizing the probability of your maximum regret - and focusing on capital preservation. We discuss the impact of the Fed tightening cycle on taking money out of the system and what this means for the velocity of money and money concentrating in the centre. We then turn to a number of other areas in turn - de-dollarization, the shifting appeal of fixed income and the coming chronic phase of the crisis. Our discussion around diversity focuses on creating an organization that can speak multiple languages - metaphorically speaking - some the language of number and quantitative analysis, some the language of sales and client partnerships Duncan discusses some of the finance books that he recommends to others and these are: The Psychology of Money by Morgan Housel, Thinking in Bets by Annie Duke, The Most Important Thing by Howard Marks and SuperForecasting by Philip Tetlock. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Duncan MacInnes is an Investment Director at Ruffer LLP, where he has spent over a decade. He previously worked in wealth management. I have enjoyed listening to Duncan discuss positioning and multi-asset insights on the conference circuit and wanted to take this opportunity to discuss his views on the current macro backdrop as well as the state of play in finance circles as we wrestle with failing banks and what this means for investors. We start our conversation with a run through Duncan's upbringing in Scotland and his initial study of law, his passage into first wealth management and then asset management. His initial training in wealth management took him to Asia and we discuss how that total immersion experience lit the fire for an interest in economics, markets and multi-asset class investing. Moving to his current outlook we discuss Ruffer's preference for "minimax regret" which is the practice of minimizing the probability of your maximum regret - and focusing on capital preservation. We discuss the impact of the Fed tightening cycle on taking money out of the system and what this means for the velocity of money and money concentrating in the centre. We then turn to a number of other areas in turn - de-dollarization, the shifting appeal of fixed income and the coming chronic phase of the crisis. Our discussion around diversity focuses on creating an organization that can speak multiple languages - metaphorically speaking - some the language of number and quantitative analysis, some the language of sales and client partnerships Duncan discusses some of the finance books that he recommends to others and these are: The Psychology of Money by Morgan Housel, Thinking in Bets by Annie Duke, The Most Important Thing by Howard Marks and SuperForecasting by Philip Tetlock. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
In Series 3 of the Fiftyfaces Podcast we start to dig deep – into sustainability standards, fintech, what impact actually means, and bust myths around hybrid working, the great resignation and entrepreneurship. We ask whether we are using the right terminology - especially with respect to the vexed topic of ESG - and as whether private wealth is serving the diverse client base appropriately. We look at fintech advances as well as changes in privacy and what it will mean in terms of our personal choices. An executive search expert dissects the impact of the shift to hybrid working and the changes that she sees in the hiring landscape, while a policy expert shares what it is like to work with some of the luminaries of finance. The guests on Series 3 are: Robert Eccles who describes himself – in a nutshell – as a dedicated weightlifter, capital markets activist and professional committed to improving corporate reporting and enhancing ESG integration by companies and investors. Marah Curtin who describes herself as a “catalyst on a mission to promote the empowerment of women and the next generation, financially or otherwise”. Based in Dublin, Ireland, but originally from the US, she is a Director of Client Engagement at Davy, and has had a long career in financial planning. Monisha Varadan who works at Google focused on Privacy and Partnerships, and is a partners at Zephyr Ventures, an acquisition vehicle set up to invest in profitable, growth businesses. She is Director of the Start up Bootcamp and is Entrepreneur in Residence at INSEAD Duncan McInnes who is an Investment Director at Ruffer LLP, where he has spent over a decade. He previously worked in wealth management. Libby Cantrill who is a managing director in PIMCO's portfolio management group. In her role, she analyzes policy and political risk for the firm's Investment Committee and leads U.S. policymaker engagement and policy strategy for the firm. . Cathy Ulozas, who is Chief Investment Officer at Drexel University where she has just celebrated her 13th anniversary as CIO. She has had a long career in asset management, including stints as a bond trader and portfolio manager. Tory Hyndman who is a Partner at Charta Partners. She is passionate about educating women about careers in the City and is a volunteer for Founders4Schools as well as Maths4Girls as well as an Ambassador for The Diversity Project. Monika Mantilla who is the President and CEO of Altura Capital, which provides institutional investors and strategic partners a mechanism of investing in underserved markets including high-performing small and diverse businesses. Sonali Patel Wilson, who is Managing Director and Director of Alternatives, Americas at Wellington Management where she is based in the New York City area. David Semmens who is a Chief Investment Officer at Cadro and an External Investment Committee Member at Wealthify where he was previously CIO. He holds additional Investment Committee and advisory roles and is an adjunct lecturer at Heriot-Watt University. Bonus Episode: Isabella Mandis who is a freshman at Harvard College and the founder of “Girls who VC” an industry affinity group which offers resources, content and community to women interested in pursuing careers in or learning more about venture capital. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management, a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Learn more about Eagle Point at http://eaglepointcredit.com/
In Series 3 of the Fiftyfaces Podcast we start to dig deep – into sustainability standards, fintech, what impact actually means, and bust myths around hybrid working, the great resignation and entrepreneurship. We ask whether we are using the right terminology - especially with respect to the vexed topic of ESG - and as whether private wealth is serving the diverse client base appropriately. We look at fintech advances as well as changes in privacy and what it will mean in terms of our personal choices. An executive search expert dissects the impact of the shift to hybrid working and the changes that she sees in the hiring landscape, while a policy expert shares what it is like to work with some of the luminaries of finance. The guests on Series 3 are: Robert Eccles who describes himself – in a nutshell – as a dedicated weightlifter, capital markets activist and professional committed to improving corporate reporting and enhancing ESG integration by companies and investors. Marah Curtin who describes herself as a “catalyst on a mission to promote the empowerment of women and the next generation, financially or otherwise”. Based in Dublin, Ireland, but originally from the US, she is a Director of Client Engagement at Davy, and has had a long career in financial planning. Monisha Varadan who works at Google focused on Privacy and Partnerships, and is a partners at Zephyr Ventures, an acquisition vehicle set up to invest in profitable, growth businesses. She is Director of the Start up Bootcamp and is Entrepreneur in Residence at INSEAD Duncan McInnes who is an Investment Director at Ruffer LLP, where he has spent over a decade. He previously worked in wealth management. Libby Cantrill who is a managing director in PIMCO's portfolio management group. In her role, she analyzes policy and political risk for the firm's Investment Committee and leads U.S. policymaker engagement and policy strategy for the firm. . Cathy Ulozas, who is Chief Investment Officer at Drexel University where she has just celebrated her 13th anniversary as CIO. She has had a long career in asset management, including stints as a bond trader and portfolio manager. Tory Hyndman who is a Partner at Charta Partners. She is passionate about educating women about careers in the City and is a volunteer for Founders4Schools as well as Maths4Girls as well as an Ambassador for The Diversity Project. Monika Mantilla who is the President and CEO of Altura Capital, which provides institutional investors and strategic partners a mechanism of investing in underserved markets including high-performing small and diverse businesses. Sonali Patel Wilson, who is Managing Director and Director of Alternatives, Americas at Wellington Management where she is based in the New York City area. David Semmens who is a Chief Investment Officer at Cadro and an External Investment Committee Member at Wealthify where he was previously CIO. He holds additional Investment Committee and advisory roles and is an adjunct lecturer at Heriot-Watt University. Bonus Episode: Isabella Mandis who is a freshman at Harvard College and the founder of “Girls who VC” an industry affinity group which offers resources, content and community to women interested in pursuing careers in or learning more about venture capital. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management, a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Learn more about Eagle Point at http://eaglepointcredit.com/
In this episode of The Last Tranche, Dan Ko, principal and portfolio manager at Eagle Point Credit Management, discusses the relative value opportunity in the CLO market.Ko says that his firm has not made a primary market investment in CLO equity since early 2022, in part because the tightness of the equity arbitrage means investors can get higher yields in the debt stack.Even triple A notes offer more attractive yields than some equity investments, Ko says. Ko also speaks to the cessation of Libor, given the approach of the base rate's cessation in June.
Burke Swindlehurst started racing bikes in the late 1980s and built a successful career as any rider to ever emerge from Utah. After his retirement from the peloton in 2010, he founded the wildly popular Crusher in the Tushar race that takes place annually in the Tushar Mountain Range near Beaver. Burke Swindlehurst, past race director and course designer of the 2022 Crusher In The Tushar presented by The Creamery thinks he has designed the hardest gravel race in the world. Crusher In The Tushar features a 60/40 split of gravel to pavement with 10K feet of climbing and a summit finish at 10K feet above sea level. Weather often can vary anywhere from 30 to 60 degrees from the start in Beaver, Utah to the finish in Eagle Point, Utah. We had over 20 members of the Mi Duole participate in Crusher last year with many finished on or near the podium. This race is a big part of our culutre! We all sit at our computers ready to refresh and submit at the moment the race is taking registration. What you built is truly something that this team, who loves to suffer, wants to be a part of. “Mile for mile there is not a tougher race on the planet” Burke said of Crusher last year.
Monisha Varadan works at Google focused on Privacy and Partnerships, and is a partner at Zephyr Ventures, an acquisition vehicle set up to invest in profitable, growth businesses. She is Director of the Start up Bootcamp and is Entrepreneur in Residence at INSEAD, my own alma mater, where she also completed her MBA. Our conversation starts with her upbringing in India - where she spent her childhood between Mumbai and Bangalore, and her early introduction to the media business through her family's focus. We trace her path to the UK where she studied media and ultimately built a career in financial journalism. Many of the traits used in journalism and media are useful in business, from the art of communication to negotiation to the development of instincts and judgement and we discuss how all of this relates to a career in business and can also be relevant to start-up life.We move then to her path to Singapore and an MBA at INSEAD and the start of Zephyr Ventures alongside a career in privacy at Google. We discuss then the trends in privacy regulation and how the time for the consumer to make more conscious choices about their own privacy and how their data is used is coming.Monisha is now based in Fontainebleau in France near the INSEAD campus and we discuss what it means to be Entrepreneur in Residence and the type of content that is shared at the regular Start-Up Bootcamps. We bust some myths around start-up life, including the abundant freedom and independence that are assumed to go along with that. We ask if the experience is different for female entrepreneurs, why this might be and what interventions and supports can alleviate it. In the personal reflection section we discuss some of the challenges of balancing maternity leave and raising a young family with the demands of today's professional roles and also revisit the Linked In post that drew me to Monisha. That post, a deeply personal and vulnerable one describing her experienced with alopecia, near total hair loss that followed her pregnancies, received widespread attention and support and was a reminder of the universality of certain conditions and the acceptance of deeper vulnerability today.You can see Monisha's articles here: https://hbr.org/2020/01/how-the-vc-pitch-process-is-failing-female-entrepreneurs and https://knowledge.insead.edu/economics-finance/getting-rid-gender-bias-venture-capital Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Marah Curtin describes herself as a “catalyst on a mission to promote the empowerment of women and the next generation, financially or otherwise”. Based in Dublin, Ireland, but originally from the US, she is a Director of Client Engagement at Davy, and has had a long career in financial planning. She can be found on Instagram under @femolutionist, where she writes about money, careers and life from a female point of view. She is also the founder of Cents for Kids.Our conversation starts with her upbringing which was deeply entrenched in the world of small business and entrepreneurship, including a furniture store and a Christmas Tree farm. We trace her path into financial advice and some of the "breaks" that came to her through sheer perseverance. The world of financial advice was far from equitable - both for advisers and their female clients at the time and we trace how that has evolved over time - with some improvements in evidence but not necessarily enough.We speak about this from a client standpoint as well as from a female adviser's. We look at the incentive structures that are often in place - or not - and how they may not necessarily be the most female-friendly, then we examine how female clients are treated and why getting this part right will be key to the industry seeing sustainable, equitable growth. We then move to Marah's other interests - her Instagram handle and her passion for financial literacy, education, career development and knowledge. This is a refreshing discussion that is rich with ideas for motivating the next generation of learners and investors. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Robert Eccles describes himself – in a nutshell – as a dedicated weightlifter, capital markets activist and professional committed to improving corporate reporting and enhancing ESG integration by companies and investors. He is the Founding Chairman of the Sustainability Accounting Standards Board, one of the founding members of the International Integrated Reporting Council and a Visiting Professor of Management Practice at the SAID Business School of Oxford University. Our conversation is wide-ranging, so our attention to Robert's background is brief. We touch on his storied long-term tenure as a professor at Harvard, where he spent 37 years, and describe how he came to the cause of sustainability and his own roots in sociology. This background in sociology is relevant as so much of the journey of "ESG" as well as sustainability investing has been about human behaviour, biases, and fears of complexity and large, lofty goals, all of which relate to essentially human conditions. We begin by unpacking ESG, whether it is currently "fit for purpose" and discuss the polarization that has occurred on both sides as the concept has become politicized. Robert advocates for a more commercially driven middle ground and an abolition of the term. We move then to a discussion of standards, and how they have evolved and improved over the past few years. We learn that, like accounting standards, sustainability standards are a construct that will always be debated, rather than set in stone. Looking to the future, and the evolution of the ESG debate, we look at the relevance of corporate law, and how that will be a new frontier for debate and change.We finish with some of Robert's reflections - including the need to be passionate in one's career, to persist and to never forget the importance of networking and moving forward. We touch then on his passion for weightlifting and how Covid contributed to his sustained commitment to a deadlift goal (300 lbs, but then moved to 400 lbs) and how breaking the goal up into small increments was the mental and physical strategy that he needed to achieve this goal. This is not unlike an ideal approach to the enormous goals that sustainability initiatives present. An analogy for the ages indeed. Series 3 of the 2023 Fiftyfaces Podcast is supported by Eagle Point Credit Management. Eagle Point Credit Management is a specialist investment manager principally focused on income-oriented credit investments in niche and inefficient markets. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point currently manages over $7.8 billion in AUM. Investment strategies pursued by the firm include collateralized loan obligations (“CLOs”), portfolio debt securities, and other opportunities across the credit universe. Currently, we believe that Eagle Point is the largest investor in CLO equity in the world and one of the largest non-bank lenders focused on providing financing solutions to credit funds. Learn more about Eagle Point at http://eaglepointcredit.com/
Bradley Deleon, Matthew Mayfield and Chase Sekul talk starting a Oyster Farm in Ocean Springs, Ms Eagle Point Oyster Company https://www.facebook.com/profile.php?id=100090995603734 Podcast Link/ Social Media https://linktr.ee/jourdanandmatthew Merch www.crawfishandbeer.com Sponsors Crawfish Music Fest Tickets and Crawfish Cook-Off https://www.mscoastcoliseum.com/ Gulf South Productions https://www.gulfsouthproductions.com/ Golden Gulf Insurance www.goldengulfins.com Loxicom https://Loxicom.us
Eagle Point CEO Thomas Majewski (ECC) talks about paying his fund's large dividend and the health of corporate debt amid the current banking crisis. Caterpillar (CAT) assures customers that its finance arm isn't entangled in the challenges facing other banks. Alaska Air (ALK) opens up about its venture capital business. Why NatWest Group (NWG) says its balance sheet is weather-proof. The Drill Down with Cory Johnson offers a regular look at the business stories behind stocks on the move. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's show is both a sponsor insight and another empty room, an exciting investment opportunity where few are paying attention. This time, it's CLO equity, an asset that has consistently generated strong returns with modest risk for decades. That fact may come as a surprise to many. Thomas Majewski is the Managing Partner and Founder of Eagle Point Credit Management, a $14 billion specialist credit manager that's believed to be one of the largest investors in CLO equity in the world. Tom has spent his entire career in the structured finance and credit markets, including the early days when he likely was the first person to refinance a CLO. Our conversation offers a master class on CLOs across Tom's career history, the mechanics of CLOs, and nuances of the business. We discuss his early years in the business, characteristics and performance history of the asset, and the launch of Eagle Point in the aftermath of the financial crisis. We discuss Eagle Point's strategy, investment process, team, desired traits of successful CLO collateral managers, opportunities in CLO debt, and Tom's vision for the business going forward. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
To support independent ski journalism, please consider becoming a free or paid subscriber. This podcast hit paid subscribers' inboxes on Oct. 26. It dropped for free subscribers on Oct. 29. To receive future pods as soon as they're live, please consider an upgrade to a paid subscription.WhoLonie Glieberman, President of Mount Bohemia, MichiganRecorded onOctober 21, 2022About Mount BohemiaClick here for a mountain stats overviewOwned by: Lonie GliebermanPass affiliations: NoneReciprocal pass partners (view full list here):* 3 days each at Bogus Basin, Mission Ridge, Great Divide, Lee Canyon, Pine Creek, White Pine, Sleeping Giant, Mt. Spokane, Eaglecrest, Eagle Point* 2 days each at Porcupine Mountains; Crystal Mountain, Michigan; Giants Ridge; Hurricane Ridge* 1 day each at Brundage, Treetops, Whitecap Mountains, Ski Brule, Snowstar* Free midweek skiing March 1-2, 5-9, 12-16, and 24-25 at Caberfae when staying at slopeside MacKenzie LodgeLocated in: Mohawk, MichiganClosest neighboring ski areas: Mont Ripley (46 minutes), Porcupine Mountains (2 hours), Ski Brule (2 hours, 34 minutes), Snowriver (2 hours, 35 minutes), Keyes Peak (2 hours, 36 minutes), Marquette Mountain (2 hours, 40 minutes), Big Powderhorn (2 hours, 43 minutes), Mt. Zion (2 hours, 45 minutes), Pine Mountain (2 hours, 49 minutes), Whitecap (3 hours, 8 minutes).Base elevation: 600 feetSummit elevation: 1,500 feetVertical drop: 900 feetSkiable Acres: 585Average annual snowfall: 273 inchesTrail count: 147 (24% double-black, 49% black, 20% intermediate, 7% beginner)Lift count: 2 lifts, 4 buses (1 double, 1 triple - view Lift Blog's of inventory of Mount Bohemia's lift fleet)Bohemia has one of the most confusing trailmaps in America, so here's an overhead view by Mapsynergy. This displays the main mountain only, and does not include Little Boho, but you can clearly see where Haunted Valley sits in relation to the lifts:Here's an older version, from 2014, that does not include Little Boho or the newer Middle Earth section, but has the various zones clearly labelled:Why I interviewed himImagine: America's wild north. Hours past everything you've ever heard of. Then hours past that. A peninsula hanging off a peninsula in the middle of the largest lake on Earth. There, a bump on the topo map. Nine hundred feet straight up. The most vert in the 1,300-mile span between Bristol and Terry Peak. At the base a few buildings, a cluster of yurts, a green triple chair crawling up the incline.Here, at the end of everything, skiers find almost nothing. As though the voyage to road's end had cut backward through time. No snowguns. No groomers. No rental shop. No ski school. No Magic Carpet. No beginner runs. No beginners. A lift and a mountain, and nothing more.Nothing but raw and relentless terrain. All things tucked away at the flash-and-bling modern resort made obvious. Glades everywhere, top to bottom, labyrinthian and endless, hundreds of acres deep. Chutes. Cliffs. Bumps. Terrain technical and twisting. No ease in. No run out. All fall line.To the masses this is nightmare skiing, the sort of stacked-obstacle elevator shaft observed from the flat shelf of green-circle groomers. To the rest of us – the few of us – smiling wanly from the eighth seat of a gondola car as ya'lling tourists yuck about the black diamonds they just windshield-wipered back to Corpus Christi – arrival at Mount Bohemia is a sort of surrealist dream. It can't be real. This place. Everything grand about skiing multiplied. Everything extraneous removed. Like waking up and discovering all food except tacos and pizza had gone away. Delicious entrees for life.And the snow. The freeze-thaws, the rain, the surly guttings of New England winters barely touch Boho. The lake-effect snowtrain – two to eight inches, nearly every day from December to March – erases these wicked spells soon after their rare castings. And the snow piles up: 273 inches on average, and more than 300 inches in three of the past five seasons. In 2022, Boho skied into May for the third time in the past decade.There is no better ski area. For skiers whose lifequest is to roll as one with the mountain as the mountain was formed. Those weary of cat-tracks and Rangers coats splaying wobbly across the corduroy and bunched human bowling pins and the spectacular price of everything. Boho's season pass is $109. Ninety-nine dollars if you can do without Saturdays. It's loaded with reciprocal days at nearly two dozen partners. It's a spectacular bargain and a spectacular find. At once dramatic and understated, wide-open and closely kept, rowdy and sublime, Mount Bohemia is the ski area that skiers deserve. And it is the ski area that the Midwest – one of the world's great ski cultures – deserves. There is nothing else like Mount Bohemia in America, and there's really nothing else like it anywhere.What we talked aboutOctober snow in the UP; how much snow Boho needs to open; “we can get five feet in December in a matter of days”; why the great Sugar Loaf, Michigan ski area failed and why it's likely never coming back; a journey through the Canadian Football League; what running a football team and running a ski area have in common; “Narrow the focus, strengthen the brand”; wild rumors of a never-developed ski area in the Keweenaw Peninsula overheard on a Colorado chairlift; sleuthing pre-Google; the business case for a ski area with no beginner terrain; “it's not just the size, it's the pitch”; bringing Bohemia to improbable life; the most important element to Bohemia as a viable business; how to open a ski area when you've never worked at a ski area; community opposition materializes – “I still to this day don't know why they were mad”; winning the referendum to build the resort; how locals feel about Boho today; industry reaction to a ski area with no grooming, no snowmaking, and no beginner terrain; “you actually have created the stupidest ski resort of all time”; the long history of established companies missing revolutionary products; dead-boring 1990s Michigan skiing; the slow early days with empty lifts spinning all day long; learning from failure to push through to success; the business turning point; Bohemia's $99 season pass; the kingmaking power of the lost ski media; the state of Boho 22 years in; “nothing is ever as important as adding more and new terrain”; why Bohemia raised the price of its season pass by $10 for 2022-23; breaking down Boho's pass fees; the two-year and lifetime passes; why the one-day annual season pass sale is now a 10-day annual season pass sale; why the ski area no longer sells season passes outside of its $99 pass sales window; protecting the Saturday experience; could we see a future with no lift tickets?; the potential of a Bohemia single-day lift ticket costing more than a season pass; “reward your season ticket holders”; the mountain's massive reciprocal ticket network; the Indy Pass and why it wouldn't work for Bohemia; the return of Fast Pass lanes; “we have to be very careful that Bohemia is a place for all people that are advanced or expert skiers”; why Bohemia's frontside triple functions as a double; what could replace the triple and when it could happen; considering the carpet-load; what sort of lift we could see in Haunted Valley; whether we could ever see a lift in Outer Limits; a possible second frontside lift; where a lift would go on Little Boho and how it could connect to and from the parking lot; why surface lifts probably wouldn't work at Bohemia; what sort of lift could replace the double; whether the current lifts could be repurposed elsewhere on the mountain; what Bohemia could look like at full terrain build-out; the potential of Voodoo Mountain and what it would take to see a lift over there; whether Voodoo could become a Bluebird Backcountry-style uphill-only ski area; why it will likely remain a Cat-skiing hill for the foreseeable future; sizing up the terrain between Bohemia and Voodoo; where to find the new glades coming to Bohemia this season; the art of glading; breaking down the triple-black-diamond Extreme Backcountry; why serious injuries have been rare in Bohemia's rowdiest terrain; the extreme power of the Lake Superior snowbelt; Bohemia's magical snow patterns; why the Bohemia business model couldn't work in most places; whether Bohemia could ever install limited snowmaking and why it may never need it; how a mountain in Michigan without snowmaking can consistently push the season into May; “Bohemia is a community first and a ski area second”; why Bohemia is more like a 1960s European ski resort than anything in North America; and Bohemia's stint running the Porcupine Mountains ski area and why it ultimately pulled out of the arrangement.Why I thought that now was a good time for this interviewIt may be the most-repeated trope on The Storm Skiing Podcast: “skiing is a capital-intensive business.” It's true. Scope the battle corps of snow cannons lined hundreds deep along resort greens and blues, the miles of subsurface piping that feed them, the pump houses, the acres-big manmade ponds that anchor the whole system. The frantic rental centers with gear racked high and deep like a snowy Costco. The battalions of Snowcats, each costing more than a house. The snowmobiles. The cavernous day lodges. The shacks and Centers and chalets. And the chairlifts. How much does a chairlift cost? The price seems to increase daily. Operators generally guard these numbers, but Windham told me in March that their new 389-vertical-foot D-line detachable quad will cost $5 million. Again: more than a house. More than a neighborhood. And that's before you turn the thing on.But what if you get rid of the, um, capital? What if you build a ski resort like Old Man MacGregor did in 19-aught-7? Find a snowy hill and point to it and say, “there's my ski area, Sonny, go do yourself some ski'in. Just gimme a nickel and get the hell out of my face so's I can kill me a chicken for supper.”OK, so Boho stood up a pair of modern (used) chairlifts instead of MacGregor's ropetow slung through a Model-T engine, but its essential concept echoes that brash and freewheeling bygone America: A lift and a mountain. Go skiing.This isn't supposed to be good enough. You need Magic Carpets and vast lineups of matching-jacket ski instructors and “impeccably groomed” trails. A place where Grandpa Earl and Earl Jr. and Earl Jr. Jr. can bond over the amazing logistical hassles of family skiing and enjoy $150 cups of chili together in the baselodge.But over the past two decades, the minimalist ski area has emerged as one of skiing's best ideas. It can't work everywhere, of course, and it can't work for everyone. This is a complement to, and not a replacement for, the full-service ski resort. If you've never skied and you show up at Bohemia to go skiing, you're either going to end up disappointed or hospitalized, and perhaps both. This is a ski area for skiers, for the ones who spend all day at Boyne peaking off the groomers into the trees, looking for lines.There is a market for this. Look west, to Silverton, Colorado, where an antique Yan double – Mammoth's old Chair 15 – rises 1,900 vertical feet and drops skiers onto a 26,000-acre mecca of endless untracked pow. Or Bluebird Backcountry, also in Colorado, which has no chairlifts but marked runs rising off a minimalist base area, a launch point for Uphill Bro's bearded adventures. Neither pull the sorts of Holy Calamity mobs that increasingly define I-70 skiing, but both appear to be sustainable niche businesses.Of the three, Bohemia appeals the most to the traditional resort skier. Silverton is big and exposed and scary, a beacon-and-shovel-required-at-all-times kind of place. Bluebird is a zone in which to revel and to ponder, as much a shuffling hike as it is a day on skis. Boho skis a lot like the vast off-piste zones of Alta and Snowbird, with their infinite choose-your-own-adventure lines, entire acres-wide faces and twisting forests all ungroomed. Both offer a resort experience: high-speed lifts, (a few) groomed boulevards, snowguns blasting near the base. But that's not the point of Little Cottonwood Canyon. I skied Chip's Run once. It sucks. I can't imagine the person who shows up at Snowbird and laps this packed boulevard of milquetoast skiing. This is where you go for raw, unhinged skiing on bountiful and ever-refilling natural snow. For decades this was Utah-special, or Western-special, the sort of experience that was impossible to find in the Midwest. Then came Bohemia, with a different story to tell, a version of the Out West wild-nasty in the least likely place imaginable.What I got wrongIn discussing a possible skin/ski between Mount Bohemia and Voodoo Mountain – where Boho runs a small Cat-skiing operation – I compared the four-mile trek between them to the oft-skied route between Bolton Valley and Stowe, which sit five miles apart in the Vermont wilderness. The drive, I noted, was “about an hour.” In optimal conditions, it's actually right around 40 minutes. With wintertime traffic and weather, it can be double that or longer.I also accidentally said that the new name for the ski area formerly known as Big Snow, Michigan was “Snowbasin.” Which was kinda dumb of me. But then like 30 seconds later I said the actual name, “Snowriver,” so you're just gonna have to let that one go.Why you should ski Mount BohemiaMidwest skiing in the ‘90s was defined largely by what it wasn't. And what it wasn't was interesting in any way. I use this word a lot: “interesting” terrain. What I mean by that is anything other than wide-open groomed runs. And in mid-90s Michigan, that's all there was. Bumps were rare. Glades, nonexistent. Powder unceremoniously chewed up in the groom. The nascent terrain parks were branded as “snowboard parks,” no skiers allowed. A few ski areas actively ignored skiers poaching these early ramps and halfpipes – Nub's Nob was especially generous. But many more chased us away, leaving us to hunt the trail's edge in search of the tiniest knolls and drop-offs to carry us airborne.It didn't have to be this way. As often as I could, I would wake up at 4 and drive north across the border into Ontario. There lay Searchmont, a natural terrain park, a whole side of the mountain ungroomed and wild, dips and drops and mandatory 10-foot airs midtrial. Why had no one in Michigan hacked off even a portion of their Groomeramas for this sort of freeride skiing?In those years I visited friends at Michigan Tech, forty-five minutes south of where Bohemia now stands, each January. Snow always hip-high along the sidewalks, more falling every day. One afternoon we drove north out of Houghton, along US 41, into the hills rising along the Keweenaw Peninsula. Somewhere in the wilderness, we stopped. Climbed. Unimaginable quantities of snow devouring us like quicksand at every step. In descent, leaping off cliffs and rocks, sliding down small, steep chutes.We did not bring skis that day. But the terrain, I thought, would have been wildly appropriate for a certain sort of unhinged ski experience. Like a super-Searchmont. Wilder and bigger and rowdier. We could call it “The Realm of Stu's Extreme Ski Resort,” I joked with my friend on the long drive home.But I didn't think anyone would actually do it. The ski areas of Michigan seemed impossibly devoted to the lifeless version of skiing that catered to the intermediate masses. When Boho opened in 2000, I couldn't believe it was real. I still barely do. Live through a generation or two, and you begin to appreciate impermanence, and how names carry through time but what they mean evolves. The Michigan ski areas that once offered one and only one specific type of skiing have, as I noted in my podcast conversation with Nub's Nob General Manager Ben Doornbos a couple weeks ago, gotten much more adept at creating what I call a balanced mountain. Boyne, The Highlands, Caberfae – all deliver a far more satisfying product than they did 25 years ago.Boho drove at least some of this change. Suddenly, an expert skier had real options in the Midwest. Not that they new it at first – Glieberman recalls the dead, dark days of the ski area's first few seasons. But that's over. Bohemia is, on certain days, maxed out, in desperate need of more lifts and a touch fewer skiers – the famous $99 pass will increase to $109 this season for anyone who wants to ski Saturdays. The place works, as a concept, as a culture, as a magnet for expert skiers.Most ski areas, if you look closely enough, exist to serve some nearby population center. There are only a few that are good enough that they thrive in spite of their location, that skiers will drive past a dozen other ski areas to hit. Telluride. Taos. Jay Peak. Sugarloaf. Add Bohemia to this category. And add it to your list. No matter where you ski, this one is worth the pilgrimage.Podcast Notes* Glieberman references the book 22 Immutable Laws of Branding - specifically its calls to “narrow your focus, strengthen your brand.” Here's the Amazon listing.* We don't get into this extensively, but Lonie mentions Mount Bohemia TV. This is an amazing series of shorts exploring Boho life and culture. Here's a sampling, but you can watch them all here.More Bohemia* A Vermonter visits Boho* A Ski magazine visit to Porcupine Mountains – a state-owned ski area – when Glieberman ran it in the mid-2000s.* A Powder Q&A with Glieberman.* I'm not the only one who's amazed with this place. Paddy O'Connell, writing in Powder seven years ago:Midwestern powder skiing is alive and real. The Upper Peninsula of Michigan is the home of the greatest grassroots ski resort in North America, Mount Bohemia. Storms swell over Lake Superior and slam their leeward winds on to the UP all winter long. Endless exploration is waiting up north through the treed ruggedness of Haunted Valley and the triple black Extreme Backcountry. The resort prides itself on being almost 100 percent unmarked and nearly devoid of ropes. The terrain is fun and adventurous and the bounty of snow is remarkable. Keweenaw County uses a 30-foot snow stake to measure season totals, and is currently measuring just under 25 feet. While my friends out West have been mountain biking and crack climbing, I have been slashing creek beds and frozen waterfalls, chomping on frosty Midwestern face shots. Yes, they exist here and in abundance in Michigan. The folklore is factual—all true skiers need to ski Mount Bohemia.* Boho was, amazingly, once part of the Freedom Pass reciprocal lift-ticket coalition, which grants season pass holders three days each at partner resorts. These days, Boho manages its own corps of reciprocals. This is an incredible list for a $99 ($133 with fees) season pass:Voodoo MountainPerhaps the most compelling piece of the Bohemia story is that the ski area is nowhere near built out. The mountain adds new terrain pretty much every year - Glieberman details the locations of three new glade runs in the podcast. But four miles due north through the wilderness - or 16 miles and 30 minutes by car - sits Voodoo Mountain, a three-mile-wide snowtrap that currently hosts Boho's catskiing operation. They even have a trailmap:Those cut runs occupy just 125 acres, but Voodoo encompasses 1,800 acres across four peaks on a 700-foot vertical drop. Glieberman tells me on the podcast that a 1970s concept scoped out a sprawling resort with 22 chairlifts (if anyone is in possession of this concept map, please email me a copy). The terrain, Glieberman says, is not as rowdy or as singular as Boho's, but Voodoo averages more annual snowfall - 300-plus inches - and its terrain faces north, meaning it holds snow deep into spring. Here's another map, currently posted at the resort, showing conceptual future build-outs at Voodoo:The Storm publishes year-round, and guarantees 100 articles per year. This is article 117/100 in 2022, and number 363 since launching on Oct. 13, 2019. Want to send feedback? Reply to this email and I will answer (unless you sound insane, or, more likely, I just get busy). You can also email skiing@substack.com.The Storm is exploring the world of lift-served skiing year-round. Join us. Get full access to The Storm Skiing Journal and Podcast at www.stormskiing.com/subscribe