Jeffrey Fulk
speaker
308 appearances
1 recordings
1 series
first heard Feb 2026
last heard 5 Feb
Jeffrey Fulk’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
So let's just call it $25 a share.
And what long-term capital management did was they brought this efficient market hypothesis to the
the pricing and they said, well, if this deal is going to happen at 30, it should be much closer to 30 than it is to 25.
So we'll just put a lot of leverage in this trade and basically bid up the price.
And as they did that, it got closer and closer to 30.
And then when the leverage unwound, there was...
dislocations across the market.
And so that 30 went to 25, went to 22.
And so we saw these opportunities across the board.
And we saw...
the market see what happened in 1998 and 1999 and what markets could look like in the future.
And basically it allowed markets to move forward and progress.
And then the strategies came to backfilled and stepped into that broadening and deepening of markets.
And we've seen that throughout time in different cycles.
And we spend a lot of time thinking about what opportunities we see today from the
markets expanding and maybe expanding ahead of themselves and then what opportunities are created around that.
It's a great question.
I think the market's evolving a lot here, and it's a really fascinating dichotomy in terms of where we're looking for these opportunities.
And so the first bucket is around tax-aware strategies.
And since we're a wealth management platform, this idea of participating in investment opportunities in a more tax-advantaged way is really compelling and something that our clients are really interested in.
Showing 41–60 of 308 · page 3 of 16
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