![]() ![]() Jordan and the Biltmore Family Office, LLC investment team. ![]() The respective opinions expressed are those of Mr. This podcast was recorded on December 6, 2022. Prior to his current focus in cannabis, Boris had a legendary career as a banker and private equity manager in emerging markets starting in the 1990’s. Boris is the Founding Partner of cannabis-dedicated asset manager Measure 8 Venture Partners, as well as Chairman of Curaleaf, which he founded and built into the world’s largest cannabis company. My guest today addressing the state of the industry is Boris Jordan. At the same time, fundamentally, the businesses continue to grow and thrive.Īs we speak, the lame duck Congress is considering legislation that would open up the banking system to state-licensed cannabis companies. Since that time, we’ve seen these stocks fall over 80% in valuation. In the beginning of 2021, banks, wary of unclear Federal law, began to prevent their brokerage clients from investment in public cannabis companies. All of this despite having no access to the US banking system and paying a particularly high effective tax rate – frequently north of 70%. As large, licensed multiple state cannabis operations grow, they are increasingly cashflow positive. The legal industry is growing as more states legalize medicinal and/or recreational use. Since Covid, cannabis sales are up tremendously. The slow rolling legalization of cannabis in the United States is providing an interesting investment opportunity. More information about BFO’s investment advisory services can be found in its Form ADV Part 2, which is available upon request. Registration does not imply a certain level of skill or training. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.īiltmore Family Office, LLC is an investment adviser registered with the U.S. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. Forward-looking statements are not guaranteed. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. This material is for informational use only and should not be considered investment advice. The opinions referenced are as of the date of this podcast and are subject to change without notice. McKenna and the Biltmore Family Office, LLC investment team. This podcast was recorded on December 7, 2022. If you thought that pest control and environmental services were boring – think again! Jay and Mark demonstrate how a properly executed private equity strategy can drive profits for investors, enrich founders and develop great American businesses. Jay & Mark really dive in to the nuts and bolts of how Halle can build value in areas of the economy most investors pass right by. In today’s conversation, I speak with both Jay Abramson, Senior Partner, and Mark McKenna, Principal, of Halle Capital. Standing firmly on the other side of that narrative is Halle Capital. While that makes a great narrative, it’s not always true. Client assets are managed in separate accounts.The words “private equity” bring forward images of Wall Street Titans drunk on power and leverage, sucking out profits from middle market businesses and leaving behind empty shells in their wake. Risk control is accomplished by not allowing more than 50% of the portfolio to be allocated to one asset class. Trading and rebalancing are performed monthly, as needed. ![]() Most gains are long-term, and most losses are short-term, leading to potential tax advantages. Strategy is designed for low turnover, (1x-2x yearly) and is implemented with very liquid ETFs for high capacity. The Galton TAA Strategy uses momentum (trend) signals to vary its exposure to cash and eight different broad asset classes such as Stocks, Government Bonds, Real Estate, and Gold.The strategy is designed to seek returns that beat the market over time, with lower and shorter drawdowns. Galton Asset Management is an investment advisory firm that uses quantitative investment strategies with the goal of delivering superior risk-adjusted returns for clients.The firm currently offers a Tactical Asset Allocation (TAA) strategy. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |