Core Viewpoint - 1832 Asset Management L.P. is enhancing the Marquis Investment Program by renaming it to Dynamic Integrated Portfolios and reducing fees, aiming to simplify the program and better serve clients [1][2]. Name Changes - The Marquis Investment Program will be renamed to Dynamic Integrated Portfolios effective December 5, 2025, with each underlying portfolio also receiving new names [2]. - New names include: - Marquis Balanced Income Portfolio to Dynamic Integrated Balanced Income Portfolio - Marquis Balanced Portfolio to Dynamic Integrated Balanced Portfolio - Marquis Balanced Growth Portfolio to Dynamic Integrated Balanced Growth Portfolio - Marquis Growth Portfolio to Dynamic Integrated Growth Portfolio - Marquis Equity Portfolio to Dynamic Integrated Equity Portfolio [2]. Fee Reductions - Management fees for select funds will be reduced by 0.10%, effective on or about December 5, 2025 [3][4]. - Specific fee changes include: - Dynamic Integrated Balanced Income Portfolio Series A from 1.70% to 1.60% - Dynamic Integrated Balanced Portfolio Series A, T from 1.75% to 1.65% - Dynamic Integrated Balanced Growth Portfolio Series A, T from 1.80% to 1.70% - Dynamic Integrated Growth Portfolio Series A, T from 1.85% to 1.75% [3][4]. Risk Rating Changes - Risk ratings for several funds will change effective on or about December 5, 2025, in accordance with the Risk Classification Methodology mandated by the Canadian Securities Administrators [5][6]. - Changes include: - Dynamic Conservative Yield Private Pool Class from Low to Medium to Low - Dynamic Global Equity Income Fund from Medium to Low to Medium - Dynamic Energy Evolution Fund from Medium to High to High [5][6]. Company Overview - Dynamic is a division of 1832 Asset Management L.P., offering a range of wealth management solutions including mutual funds and actively managed ETFs [7]. - 1832 Asset Management L.P. is a limited partnership, wholly owned by Scotiabank [7].

Core Insights - The Bitwise XRP ETF has seen an increase of 8.1% following Vanguard's decision to allow trading of crypto ETFs on its platform, coinciding with minor gains in the S&P 500 and Nasdaq Composite [1][2][3] Group 1: Vanguard's Role - Vanguard, the second-largest asset manager globally, has lifted its prohibition on trading crypto ETFs, which is significant given its clients manage a collective $11 trillion in assets [2][3] - Previously, Vanguard viewed cryptocurrencies as too risky and speculative, barring investors from trading crypto mutual funds and ETFs [2] Group 2: Market Performance - The Bitwise XRP ETF's current price is $24.11, with a day's range between $23.04 and $24.45, and a 52-week range of $21.15 to $25.64 [2] - The ETF's market cap is reported as $0 billion, with a trading volume of 406,000 shares against an average volume of 829,000 [2] Group 3: Regulatory Developments - Federal Reserve Vice Chair Michelle Bowman announced intentions to create stablecoin regulations, which aims to protect financial stability while fostering responsible innovation, positively impacting the crypto market [4] Group 4: XRP Valuation - The valuation of XRP is perceived to be driven more by speculation rather than a clear understanding of its tokenomics, despite the underlying technology being useful [5]

Company Overview - Schrodinger, Inc. (SDGR) has experienced significant stock pressure due to weak fourth-quarter guidance, reflecting a challenging demand environment [1] Investment Strategy - Narweena, an asset manager led by Richard Durant, focuses on identifying market dislocations caused by misunderstandings of long-term business prospects, aiming for excess risk-adjusted returns through secular growth opportunities in markets with entry barriers [1] - The research process emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term investment horizon targeting deeply undervalued stocks [1] Market Dynamics - An aging population with low growth and stagnating productivity is expected to create a different investment opportunity set compared to historical trends, with many industries facing stagnation or secular decline, potentially improving business performance due to reduced competition [1] - Conversely, some businesses may encounter rising costs and diseconomies of scale, while economies increasingly favor asset-light businesses, leading to a decline in infrastructure investment needs over time [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia [1] Leadership Background - Richard Durant holds undergraduate degrees in engineering and finance from the University of Adelaide and an MBA from Nanyang Technological University, along with having passed the CFA exams [1]

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PresentationRichard OldfieldGroup CEO & Director Good morning, everybody. It's great to see so many familiar faces and a few new ones, and a particular warm welcome to everyone joining us online. I hope we're coming through loud and clear. So you'll see Schroders Capital today. I'm trying to fit in with my private markets colleagues, no tie today. They're way too trendy. So I'm doing my bit. But I just want to start by saying a huge thank you for investing your time with us this morning. Today is important ...

Looking for more investing ideas like this one? Get them exclusively at The Dividend Kings. Learn more >>I (Kody) am mostly focused on the dividend growth investing strategy. As a result, I focus on several factors when considering prospective investments. These include the following:Hi, my name is Kody. Aside from my articles here on Seeking Alpha, I am also a regular contributor to Sure Dividend, The Dividend Kings, and iREIT+Hoya Capital. I have been investing since September 2017 (age 20) and interested ...

Group 1 - The stock market's rally on Tuesday has quickly diminished, with the S&P 500 down 0.1%, the Dow up 64 points (0.2%), and the Nasdaq Composite's gain reduced to 0.2% [1] - The market is experiencing a situation of "bad breadth," indicating that while some stocks are rising, the overall market performance is weak [2]

Core Viewpoint - Expectations for the Federal Reserve to lower interest rates in December have increased significantly, with odds rising to nearly 80% from 40% [1] Group 1: Federal Reserve Actions - The shift in expectations may be a strategic move by Fed Chairman Jerome Powell, potentially to secure his position [2] - The change in sentiment follows weeks of hawkish views from the Fed's policy-setting committee, which had previously advocated for a pause in rate cuts due to inflation concerns and strong economic growth [3][5] - Some Fed members, including New York Fed President John Williams, believe current monetary policy is still somewhat restrictive, indicating potential for further adjustments to the federal funds rate [4][5] Group 2: Impact on ETFs - Fixed income ETFs, particularly the Neuberger Berman Total Return Bond ETF (NBTR), could benefit from a rate cut, positioning it as a better alternative to traditional passive bond funds [2][3] - NBTR's smaller roster of 445 bonds reflects the management team's conviction and flexibility in response to changing interest rates [4] - The potential for a "Santa Claus rally" in ETFs like NBTR is suggested, as the market adjusts to the new expectations surrounding rate cuts [5]

Market Overview - Bitcoin (BTC) surged back above $90,000, trading at $91,180, up 8% over the past 24 hours, recovering from a drop below $84,000 [1] - Ethereum's ether (ETH) bounced above $3,000, gaining 9%, while large-cap altcoins like XRP, Solana's SOL, and dogecoin (DOGE) increased by 7%–10% [2] Institutional Developments - Vanguard, a $11 trillion asset management giant, has lifted its ban on crypto, allowing clients access to digital asset ETFs [3] - Bank of America has permitted its wealth managers to recommend a 1%-4% allocation to spot bitcoin ETFs [3] Market Risks - Analyst Mark Connors warns that a rise in Japan's 10-year yield could negatively impact bitcoin, as it may divert capital from global markets, particularly affecting crypto due to its ties to Asian capital flows [4] - Connors also noted that bitcoin appears to be leading the S&P 500 lower, with potential for intervention from the Federal Reserve and Bank of Japan if markets weaken further [5] Market Sentiment - Despite some risks, bitcoin derivatives indicate a bullish sentiment, with traders selling downside puts around the $80,000–$85,000 level while selectively buying upside further out [6] - The market seems to treat the $80,000–$85,000 range as a support level, suggesting traders are positioned for a recovery into year-end [7]

Core Viewpoint - Wade W. Slome is a prominent figure in investment management, recognized for his significant achievements and contributions to the field [1] Group 1: Professional Background - Wade W. Slome is the President and Founder of Sidoxia Capital Management, LLC, and has authored a book detailing his management of $20 billion by age 32 [1] - He has been featured in major media outlets such as CNBC, ABC News, and the Wall Street Journal, highlighting his expertise and influence in the investment community [1] - Slome is also an instructor at the University of California, Irvine, teaching an Advanced Stock Investment course, showcasing his commitment to education in finance [1] Group 2: Credentials and Achievements - He holds an MBA from Cornell University with a focus on Finance and a B.A. in Economics from UCLA, indicating a strong academic foundation [1] - Slome is recognized as the second youngest manager among the largest 25 actively-managed U.S. mutual funds in 2005, reflecting his early success in the industry [1] - He previously managed one of the ten largest growth funds in the U.S. with $20 billion in assets under management at American Century Investments [1]