Two major BTC datapoints look bullish:- ETF inflows increasing- Whale selling decreasingMore importantly:BTC's correlation to NASDAQ is dropping.This matters because institutions want uncorrelated assets in their portfolios.Yes, BTC dumping on macro uncertainty while gold rips is frustrating.But it's not new. According to BlackRock's research:"Short-term trading behavior occasionally diverges..."Yet they still believe BTC "as a global, decentralized, fixed-supply, non-sovereign asset" that has a distinct ri ...

Summary of Abacus Global Management (ABL) Conference Call Company Overview - **Company**: Abacus Global Management (ABL) - **Industry**: Life Settlements and Alternative Asset Management - **Public Listing**: NASDAQ since July 2023 - **Key Participants**: Robert Phillips (SVP, Investor Relations), David Jackson (IR Associate - Capital Markets) Core Business and Value Proposition - **Business Model**: Abacus specializes in life settlements, acquiring life insurance policies from owners and placing them with institutional investors [5][7] - **Market Size**: The U.S. has $13 trillion in life insurance policies, with 90% lapsing, indicating a significant opportunity for life settlements [9][44] - **Target Demographic**: Typically, policy owners are aged 65 or older, having owned their policies for over 20 years [10] - **Financial Metrics**: - Revenue growth exceeding 20% - Return on Equity (ROE) above 15% - Margins exceeding 50% [7] Financial Performance - **Q3 Revenue**: $29.1 million, slightly up from $28.1 million in Q2, with stable EBITDA [15][16] - **Capital Deployment**: $93.2 million in Q3 and $104.7 million in Q2 for acquiring policies [18] - **Policy Originations**: Expected to exceed 750 by the end of 2024 [18] Market Dynamics - **Institutional Interest**: Increased participation from institutional investors is seen as a tailwind, enhancing competition for life settlements and improving market health [22][39] - **Carrier Buybacks**: Insurers are increasingly looking to offload policies, which Abacus can acquire and manage effectively [19][20][21] Growth Initiatives - **Direct-to-Consumer Channel**: Generates 12,000 leads monthly, with a focus on financial planning and wealth management [26][29] - **ABL Tech**: A data tracking service for mortality, recently signed a contract with CalSTRS, the largest teachers' pension plan in the U.S. [31][32] - **Acquisitions**: Recent acquisitions of FCF Advisors and Carlisle Asset Management to enhance direct allocation to life settlements [30] Competitive Landscape - **Competitors**: Coventry is noted as a private competitor, but Abacus is the only public company in this space [37][38] - **Market Position**: Abacus leverages 30 years of experience and a strong network to maintain a competitive edge [39] Marketing Strategy - **Advertising Channels**: Primarily utilizes traditional media (TV and radio) to drive leads, particularly targeting audiences on Bloomberg, Fox Business, and CNBC [49][52] - **Lead Generation**: The majority of leads come from traditional advertising, with digital efforts being secondary [52] Conclusion - **Overall Assessment**: Abacus Life presents a compelling investment opportunity with a strong growth trajectory, high margins, and a unique position in the life settlements market, supported by increasing institutional interest and effective marketing strategies [33]