Archive for the ‘Funds Management’ Category

Jed McCaleb: pioneer of cryptocurrency

Wednesday, April 11th, 2018

Jed McCaleb is the founder of Stellar.org, a development foundation. He started the organization in partnership with Joyce Kim. The foundation was established in 2014. McCaleb’s significant role in the organization is overseeing technical developments as the chief technology officer.

McCaleb has been a developer of cryptocurrency for an extended period. He foresees the technological changes in worldwide financial exchange. At Stellar McCaleb together with his department are focused on coming up with a cryptocurrency system for making international financial transfers. In an interview, Mr. McCaleb stated that with time cryptocurrency would like to be embraced and used by many across the world.

He states that it is also likely to be a universal payment system. The system would have a record system which would be available to the public. Additionally, the system will not be able to be randomly changed by anyone. This system will as well allow people to change the universal “currency” into their currencies.

Mr. McCaleb also said that the use of initial coin offering is an indication of markets which are not yet in the financial system. Initial coin offering involves the sales of tokens. In four years this exchange has brought in almost $9 billion.

The token exchange works in such a manner that to make contributions to a project, the investors buy digital coins. McCaleb is confident that the same system can be employed for the stock exchange.

McCaleb goes on to predict that probably in the coming ten years every financial transaction including trade will be done using digital coins. He states that for this to be possible, there must be the use of a decentralized system as using one central management for every form of exchange would be hard to manage.

Several companies are coming up with their digital coins. For instance, Currency is trying to enable the stock exchange to be done using bitcoins. Stellar has also come up with their own, known as lumens; it is one of the most extensive cryptocurrency networks.

The Most Sought Out Financial Advisor at the AXA Group

Tuesday, August 8th, 2017

Vincent Parascandola is a professional financial advisor at the AXA Advisors Company, an organization that works with high net-worth individuals. Vincent Parascandola operates from his office in Ney York City, 1290 Ave of the Americas Divisional Office. The firm provides security to clients and their families through expert financial advisory services.

Parascandola has also specialized as a broker-dealer with AXA. He works with 5, 350 registered representatives across the United States. Vincent has an experience of over 17 years in the insurance and securities registration, which runs under the oversight of FINRA.

AXA for the individual and family

The AXA group helps you in creating the vision of the life you would like to lead and that for your family. They assist in the process of planning your vision to make it a success, through the services of advisors like Vincent Parascandola. They do this through the information and tools they have to help guide their clients to achieve their visions.

The history of AXA in finance and insurance

The firm has been doing this since 1859, helping to provide stability and reliability to their clients. The advice given is intended to create confidence, peace of mind and help people realize their dreams. The families and their loved ones end up living better lives, a legacy that AXA is proud to be part of over the years. Visit Rocket Reach for more info.

Many business owners have benefited from the services of AXA and have in the process been able to protect their businesses. Vincent Parascandola believes in preserving and pursuing monetary values in the different investments made by their customers. The advice on tax is efficient.

Be a part of the future created by our services

The clients to the AXA Financial Advisors have continual access to crucial information to assist their business to grow. The information, communication and the tools are resources enough to have the business transform and carry on from one level to another. The AXA life insurance policies are similarly beneficial to the clients seeking these services.

My Favorite Financial Mastermind

Thursday, November 12th, 2015

Kenneth Griffin knew from an early age that finance would be in his future. In 1986, as a college freshman at Harvard University, he began investing in the market after becoming inspired by a Forbes magazine article. In his sophomore year at Harvard he created a hedge fund that was valued at $265,000 that he raised from friends and family. It was centered on convertible bond arbitrage. He was able to get real-time market information by installing a satellite link in his dorm room. The approach paid off and enabled him to retain his capital when the market crashed in 1987. Due to the accomplishment he maintained on the first investment he was able to start a second. Between both funds together he was managing over $1 million. In 1989 he completed his education and graduated from Harvard with a degree in economics. After his graduation, he received $1 million to invest from the founder of Gelnwood Capital LLC, Frank C. Meyer. Meyers faith in Griffin paid off, he received a return of about seventy percent on his investment. In 1990 Griffin created Citadel. His financial knowledge once again paid off and by 1998 Citadel had become a team that had $1 billion in investment capital and over 100 employees. By March of 2015, Citadel was estimated on Forbes to have around $25 billion in investment capital and has been recognized as one of the world’s largest alternative investment management firms. Citadel also has received the honor of being included in Great Places to Work Institute’s list of Top 10 Great Workplaces due to Griffin offering a creative work environment and giving employees perks such as free lunches, museum tours, personal gifts and fitness programs. Griffin has been an advocate when it comes to his idea that financial regulation and market structure need to be reevaluated and changed to catch them up with all the changes that have taken place to the market over the years. Ken Griffin has testified before the U.S. Congress and openly criticized Wall Street over the years. He also serves on the Committee on Capital Markets Regulation, and the G100. While his passion is finance, Griffin also has a love of art and dabbles in politics. He is recognized and one of the biggest art buyers in the world. He has paid up to $80 million for artwork and has also donated $19 million to the Art Institute of Chicago to build an addition. He also loans them pieces from his collection. He is an open Regan Republican and has made numerous financial contributions to candidates, parties and groups that side with his view of limited government.