Convergence Investment Management is a Registered Investment Advisory firm that focuses on unique opportunities within the Closed-End Fund and Exchange Traded Fund marketplaces. We believe that the markets, while very efficient, are not perfectly efficient and that opportunities for superior risk adjusted returns exist for those willing to put in the work to identify short-term price dislocations. Charles “Chad” Gray is Convergence Investment Management’s Portfolio Manager. Prior to launching Convergence, Mr. Gray spent much of professional his career in Silicon Valley developing better data analytics platforms and data management techniques, many of which have been applied to the Convergence approach. Mr. Gray earned both an M.B.A. and M.S. in Electrical Engineering from Massachusetts Institute of Technology, and a B.S. in Engineering from Northwestern University. He has also earned the CFA designation and is an active member with the CFA Society of San Francisco.
Aaron Katsman, President and CEO (email@example.com). Aaron develops investment portfolios for clients around the world. He is author of the book Retirement GPS: How to Navigate Your Way to A Secure Financial Future with Global Investing (McGraw-Hill).
A well-respected wealth manager, he writes a popular investment column for the Jerusalem Post. Previously, he was a founder and managed the private banking group for Citigroup in Israel. Prior to Citigroup, he was a senior analyst at a leading Israeli venture capital fund, where he gained an intimate working knowledge of the Israeli hi-tech scene, and was frequently invited to lecture on the Israeli economy.
Aaron has been a contributor for AOL’s Bloggingstocks and has been a guest on CNBC’s Squawk Box.Aaron holds a B.A. in Political Science from Yeshiva University in New York. He is licensed by the Israel Securities Authority and holds the following registrations with FINRA and the SEC in the United States: General Securities Representative Examination (Series 7); Uniform Securities Agent State Law Examination (Series 63); Uniform Investment Adviser Law Examination (Series 65).Securities offered through Portfolio Resources Group, Inc. The opinion's are of the author and not necessarily that of Portfolio Resources Group, Inc. or its affiliates.
Articles posted here are the result of earnings analysis presented on www.heliosq.com. It is a website designed to promote a better understanding of Chinese solar companies listed on the U.S. exchanges.
I have a Masters Degree in Finance so my articles will be very much numbers driven.
My goal here and on my website are to provide a better understanding of Chinese solars. Most of the research is a result of accumulation of detailed operational metrics. Any stock price projections are strictly theoretical based on assumptions presented in a particular article. In the real world, results can vary wildly.
From time to time articles will be written on tech stocks - my first great investment interest.
Please note that it is important for each investor to perform their own due diligence prior to investing in any stock. For the novice investor, advice from an investment professional is recommended.
Dr. Robert N. Castellano, president of The Information Network (http://www.theinformationnet.com/), received a Ph.D. degree in solid state chemistry from Oxford University (England). He has had ten years experience in the field of wafer fabrication at AT&T Bell Laboratories and Stanford University. He has authored numerous reports for other publishing companies before founding The Information Network in 1985. He has been editor of the peer-reviewed Journal of Active and Passive Electronic Devices since 1985. He writes a monthly column in “Vacuum Technology & Coating” magazine and “Wafer & Device Packaging Interconnect” magazine. He is author of the book "Technology Trends in VLSI Manufacturing" published by Gordon and Breach. He is also a Senior Contributor to TheStreet.com. His book "Solar Panel Processing" was published in 2009 by Old City Publishing. His latest book, "Alternative Energy Technology" was published in 2012. Also in the solar area, he is CEO of SolarPA, which uses a proprietary nanomaterial to coat solar cells, increasing the efficiency by up to 10%. He had been on the Advisory Board of Principal Solar. He recently published a fictional novel Blessed, available on Amazon and other sites.
Bill is Chief Investment Officer of Luby Asset Management LLC, an investment management company in Tiburon, California. He also publishes the VIX and More (http://vixandmore.blogspot.com/) blog and an investment newsletter. His research and trading interests focus on volatility, market sentiment, technical analysis, ETPs and options. Bill was previously a business strategy consultant. When not trading or blogging, he can often be found running, hiking, and kayaking in Northern California. Bill has a BA from Stanford University and an MBA from Carnegie-Mellon University. Visit Bill's blog, VIX and More (http://vixandmore.blogspot.com/)
I am generally a long term investor looking for macrotrends which I believe may play out over the course of several years. While I look at a lot of varying criteria in researching potential investments, I'm more aligned with the analytics involved with investing. Although it's not always a sureguard in shorter time frames, I believe over the longer course of time, valuations and earnings power always determine the path stocks trade. As such, I am value driven and look more at companies trading at discounts to growth rate and earnings power, especially if it's currently being discounted by the market.
While I track many different industries, I'm currently have a China centric focus believing the long term macro trend of its population entering the middle class is in its early cycle. As China's gdp per capita increases, discretionary buying power among its middle class should increase at a higher exponential rate. As a result, larger well known companies are poised to profit from this cycle.
In addition, I may focus much of my writing on the solar sector for a few key reasons. First the solar sector is widely misunderstood. Second, many companies which operate within the sector are extremely transparent in operating structure. Lastly and more importantly I believe in the longer term prospects for the industry because the economics can be justified when looking at longer trend patterns.
Robert G. Roach is an executive with AmericaFirst Capital Management, LLC. (www.afcm-quant.com), an investment manager that manages a family of quantitative mutual funds focused on income, defensive growth, absolute return, quantitative trends and long/short investment strategies. The funds utilize data driven, backtested investment research to create rules based investment models that take the emotion out of the investment decision process. Information on the funds may be found at www.AmericaFirstFunds.com. Mr. Roach has more than 25 years of investment and investment banking experience. He received a BA in Economics from Dartmouth College and an MBA in Finance from the Booth School of Business at the University of Chicago. Mr. Roach is also on the Board of Trustees of the Nile Capital Investment Trust, investment managers for Africa focused mutual fund (www.nilecapital.com). Mr. Roach may be contacted at firstname.lastname@example.org.
Marin Katusa, who works with Casey Research (http://www.caseyresearch.com/), is an accomplished investment analyst who specializes in the junior resource sector. He left a successful teaching career to pursue analyzing and investing in junior resource companies. In addition, he is a member of the Vancouver Angel Forum where he and his colleagues evaluate early seed investment opportunities. Marin also manages a portfolio of international real estate projects. Using advanced mathematical skills, he has created a diagnostic resource market tool that analyzes and compares hundreds of investment variables. Through his own investments, Marin has established a network of relationships with many of the key players in the junior resource sector in Vancouver. Marin has the connections, the mathematical and analytical acumen to bring the best investment ideas and most promising Private Placement offerings to Casey Research subscribers.
Chief Economist for Natixis North America and Global Head of Cross Asset Research
Expertise in international management. Currently oversee a team of 15 strategists based in New York, Paris and London. The team provides high quality global macro research on a wide array of products.
Specialized in a wide range of research technics and global macro investing. Created and expanded the cross asset research team at Natixis
Expertise in global macro research, international economics, fixed income, equity and commodity markets. Responsible for the consistency of the macro scenario and the generation of trade ideas.
Experience in institutional investors, hedge funds and corporate relationship.
Regular appearances in financial Medias and author of several economic books: Sortir de l’Euro: une idee dangereuse (2011) ; La Renaissance Americaine (2012)
Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step further and suggest that our materialistic value and belief system is another way in which we’re building castles on sand… but I digress. I view our financial markets as a casino, and frankly, I like gambling. I prefer technical analysis to fundamental analysis because I find the “behavioral” side of investing more interesting than longer term projections based on financial/numerical analysis. Pictures make more sense to me than numbers. I'm dumb like that.
As for an investing “philosophy”, I believe in small/micro-caps. I believe the market rewards growth above all else, and growth is easiest (to spot, at least) and most explosive when a company is young and small. As a company matures, its growth inevitably slows. Microcap stocks tend to be extremely volatile so I believe strongly in taking profits on the way up (or exiting quickly if the entry point proves poor). I attempt to buy stocks that are pulling back in the midst of a longer term uptrend. I hold anywhere from hours to years, but usually in the 3-6 month range.
I am an amateur investment enthusiast, who has committed every investing cardinal sin at some point - and sadly, sometimes still do. Between first entering the markets in 1999, and 2002, I lost 90% of my seed money. Since then, I’ve found an approach that works reasonably well for me. My average return has been about 20% annually since 2003.
The One Eyed Guide (http://www.oneeyedguide.com) is Bob Small who: solo traveled to 25 countries by age 21, has a degree in Economics, an MBA from Columbia University in Marketing and Finance, has been a brand manager, was a licensed stock and options broker during the 87 crash, ran a $450 million dollar business, and raised $8 million for charity.
The One Eyed Guide tries to identify the economic theory that best fits the facts behind critical events and market movements (or at least the best current thinking) so that trends can be better forecast.
The name "One Eyed Guide" recognizes the fact that any economic forecast cannot "see" all factors. It's derived from Robert Heinlein's saying in the novel Puppet Masters: "In the land of the blind, the one eyed man is in for a hell of a rough ride."
Charles Lewis Sizemore, CFA is the Chief Investment Officer of Sizemore Capital Management LLC, a registered investment advisor. He has been a frequent guest on Bloomberg TV and Fox Business News, has been quoted in Barron’s Magazine, The Wall Street Journal, and The Washington Post and is a frequent contributor to Forbes Moneybuilder, GuruFocus, MarketWatch and InvestorPlace.com.
Charles holds a master’s degree in Finance and Accounting from the London School of Economics in the United Kingdom and a Bachelor of Business Administration in Finance with an International Emphasis from Texas Christian University in Fort Worth, Texas, where he graduated Magna Cum Laude and as a Phi Beta Kappa scholar.
Michael Pettis is a professor at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. He has also taught, from 2002 to 2004, at Tsinghua University’s School of Economics and Management and, from 1992 to 2001, at Columbia University’s Graduate School of Business.
Pettis has worked on Wall Street in trading, capital markets, and corporate finance since 1987, when he joined the Sovereign Debt trading team at Manufacturers Hanover (now JP Morgan). Most recently, from 1996 to 2001, Pettis worked at Bear Stearns, where he was Managing Director-Principal heading the Latin American Capital Markets and the Liability Management groups.
Visit: China Financial Markets (http://www.mpettis.com)
My name is Iam Phree and I am publishing under an alias. I work for one of the worlds largest companies in the world as a System's Engineering Electronic Technician in the aviation industry. I have deep roots in the technology sector for over 20 years. I've worked in manufacturing, quality, management, and engineering sectors within the electronics technology sector my entire career. I work with Linux, C, and C in my spare time. The work I do requires a deep understanding of electronics hardware as well as embedded code in very complex custom CPU based circuit cards. To a large degree, my work requires very logical thought processes to arrive at a given accurate analysis of a problem. My experience within various sectors of manufacturing allows me to understand the larger picture and interrelationships within a company. Life experience counts for something. I request all of those who read my work to do their own research. I will of course give opinions, and you are encouraged to do your own diligent research. It is not my goal to guide anyone to make a decision regarding investment or life changing decisions. I cannot be held responsible for actions a reader may execute. I provide a single voice in a world of opinion. I hope you enjoy what I have to say. In all I do, I do with integrity.
Eric Falkenstein (http://www.efalken.com) works for Walleye Software, based in Minneapolis. His blog, Falkenblog (http://falkenblog.blogspot.com/), is mainly about economics and finance. Prior published articles are kept here (http://www.efalken.com/papers/index.html).
Prior to his current position, Eric was a long/short equity portfolio manager at Deephaven Capital Management and Telluride Capital Management. Prior to that, at Moody's he developed RiskCalcTM, the leading tool for estimating private firm default risk. At KeyCorp bank, he was Head of Capital Allocations and Quantitative Research, and implemented various capital allocation processes around the bank. He has a PhD in economics from Northwestern University. His recent book, Finding Alpha, was published by Wiley Finance.
Visit his blog: Falkenblog (http://falkenblog.blogspot.com/)
Ed Silverman is the founding editor of Pharmalot and a prize-winning journalist who has covered the pharmaceutical industry for the past 15 years for The Star-Ledger of New Jersey, The Pink Sheet and, currently, as an editor-at-large for Med Ad News and R&D Directions.
Ron holds a MSc in Financial Economics (specializing in Development Economics) from University of London and a BS in Economics from Oregon State University. He also writes a periodic blog that takes a look at the global economic factors that move the markets entitled Macro View of the Markets (at: http://sabrient.com/blog/?cat=121).
Doug Eberhardt is a 30 year investment professional offering his analysis on 46 ETFs 5 days a week providing buy and sell recommendations. He is the author of the soon to be released book "Illusions of Wealth" that offers a fresh look on how investors can profit. He has written the book "Buy Gold and Silver Safely" and is a broker/dealer selling gold and silver coins and bars at 1% over wholesale cost to investors who are looking for "real wealth" diversification and protection from currency depreciation.
My name is Phil Mause. I am a Senior Advisor with the Pacific Economics Group, focusing on energy, regulatory and valuation issues. I retired from 40 years of law practice earlier this year. I am a yield oriented investor and in the last two years, I have done reasonably well in junk bonds, BDCs, mortgage REITS, and dividend paying blue chip stocks. As an avocation, I dabble in stand up comedy.
Kelvin Schulle represents a group of researchers who has spent over a decade in the semiconductor/PV and energy industry. He began investment research ten years ago. His team has the first hand information from renewable energy industry. His focus is to identify growth trends in new technology sectors. He has been focusing on fossil and renewable energy industry for many years, believing that a new energy policy cross the globe is necessary on this planet. Kelvin holds a graduate degree from the University of Waterloo and supervises investments for various groups.
The enormous advancement in the biological sciences that is taking place has begun to change the traditional way of practicing medicine. Far-reaching biological products are being approved and news about breakthroughs are occupying the media headlines. However, selecting the biotechnology firms for investment requires not only an understanding of the company's finances, but also deep knowledge of the company's potential and the potential and scientific validity of it's products and technologies.
Our Mission is evaluating biotechnology companies, their products, their technologies, scientists, managements, as well as their finances. Our goal is to impart our readers with the knowledge and insight so that they may have a heightened understanding and appreciation for the biotechnology industry.
The Prohost Letter has been in circulation since 1992. Our readers are comprised of venture capital, fund managers, investors, medical professionals and individuals with one common interest, biotechnology.
Prohost Letter is posted in the members areas on the www.prohostbiotech.com. around 40 times a year. Articles are posted several times a week for subscribers in TODAY'S HIGHLIGHTS section and in News & Comments sector for all website visitors
Ian is currently the President and Chief Investment Officer of Blackhaw Wealth Management, a boutique investment adviser located in Austin, Texas. Blackhaw Wealth Management provides advisory services to high net worth private clients, including individuals, families and foundations. Ian is CFA Charterholder.
I am an individual investor and the author of seven eBooks on dividend growth investing. I try to help self-directed individual investors profit from stock investing. I contribute articles and studies to both Seeking Alpha and Daily Trade Alert. I hold an undergraduate degree in physics from Holy Cross College and a JD from Georgetown University. My wife Sue and I live in beautiful Canandaigua, NY.
MSc Inventment Managment 2005
Cass Business School
City University of London
I started trading when I was 20 years old by shorting orange juice futures! And yes the results were not pretty....
Here is my public performance at Marketocracy which the long fund started November of 2000:
Here is my Short fund which started in October of 2007 and is now mostly in cash: