Earnings Call Insights: AlTi Global, Inc. (ALTI) Q4 2025 Management View CEO Michael Tiedemann positioned AlTi as a scaled ultra-high net worth platform, saying the firm operates in 19 cities across 9 countries and that since listing it has grown wealth platform AUM by 70% while maintaining client retention rates above 95%, with clients averaging assets in excess of $50 million. CEO Michael Tiedem...
Earnings Call Insights: AlTi Global, Inc. (ALTI) Q4 2025 Management View CEO Michael Tiedemann positioned AlTi as a scaled ultra-high net worth platform, saying the firm operates in 19 cities across 9 countries and that since listing it has grown wealth platform AUM by 70% while maintaining client retention rates above 95%, with clients averaging assets in excess of $50 million. CEO Michael Tiedemann announced a leadership change: "After more than 25 years leading the company, I will be stepping down as CEO and Nancy Curtin, our Global Chief Investment Officer, will become Interim CEO." He added, "I am confident the company is in capable hands and will continue to be supporting Nancy to ensure a smooth transition." Interim CEO Nancy Curtin emphasized focus on core wealth and institutional management, describing the endowment and foundation business as having grown to more than $8 billion in AUM at year-end 2025 and calling it a natural extension of the wealth business. Interim CEO Curtin said AlTi generated over $9 billion of projected billable assets over the past 3 years, including nearly $4 billion added in 2025, and said a strategic assessment drove an exit of the noncore international real estate business in 2025, which she said eliminated future costs and obligations. CFO Michael Harrington highlighted scale and mix shifts, stating, "Total assets under management reached $50 billion at year-end, up 10% year-over-year, driven by strong investment performance and the acquisition of Kontora," and also said Q4 revenue included "$29 million contribution from incentive fees" tied to the arbitrage strategy. Outlook The call did not include formal quantitative guidance (management explicitly avoided guidance in the prior quarter, and no 2026 revenue or EPS targets were provided in Q4). Interim CEO Nancy Curtin updated the strategic review announced in December: "To date, the special committee has not received a proposal that it believes encapsulates the long-term valu...
Thapana Onphalai/iStock via Getty Images Investment Thesis Shares of Marvell Technology, Inc. ( MRVL ) are ratcheting higher after Nvidia ( NVDA ) announced a $2B investment in the AI communications company. For Nvidia, this is part of their emerging AI playbook in the post-AI inference era to secure supply chains of critical components and products that the GPU platform company believes are essen...
Thapana Onphalai/iStock via Getty Images Investment Thesis Shares of Marvell Technology, Inc. ( MRVL ) are ratcheting higher after Nvidia ( NVDA ) announced a $2B investment in the AI communications company. For Nvidia, this is part of their emerging AI playbook in the post-AI inference era to secure supply chains of critical components and products that the GPU platform company believes are essential to their vision of becoming the platform for their "AI factory" vision. For Marvell, the $2B investment by Nvidia completely changes the growth story of Marvell and should center the focus on Marvell’s transformational inflection into a solid AI connectivity business with bright prospects ahead. I am reiterating my bullish outlook on Marvell and believe Nvidia’s investment in Marvell should accelerate the latter's growth outlook ahead. What Nvidia’s Investment Does to Marvell As a Marvell investor, I couldn’t be happier. After being neutral on Marvell’s outlook through H1 of last year, I saw early signs of an inflection coming in October last year and proceeded to upgrade Marvell's shares last year , noting that “some serious inflection flexing” is coming. What has really impressed me so far about Marvell’s strategy to reorient their growth trajectories was the pivotal transformations management made by investing in two emerging areas of scale-up networks—the memory controller area, which I explained in early January, and management’s rapid advancements in the optical networking solutions market for scale-up. The issue last year for Marvell, as I explained , was that the company’s XPU business was facing headwinds after its largest XPU customer, Amazon ( AMZN ), began diversifying its XPU vendor base. Amazon’s AWS is the only large and active customer for Marvell, essentially Marvell’s only ticket to competing in the XPU market, which was anyway tough on gross margins, as I explained here . For Marvell, competing in the XPU business was actually like pulling deadweight...
Italian is brought in to replace interim coach Igor Tudor De Zerbi is tasked with saving club from relegation Tottenham have confirmed the appointment of Roberto De Zerbi as their new manager. The London club have given him a long-term contract but all eyes are on the remainder of this season when he has been charged with keeping them in the Premier League. Spurs are one point and one place above ...
Italian is brought in to replace interim coach Igor Tudor De Zerbi is tasked with saving club from relegation Tottenham have confirmed the appointment of Roberto De Zerbi as their new manager. The London club have given him a long-term contract but all eyes are on the remainder of this season when he has been charged with keeping them in the Premier League. Spurs are one point and one place above the relegation zone with seven matches to play – the next of which is at Sunderland on Sunday week. Spurs knew they had to part ways with their interim manager, Igor Tudor, after the home loss to Nottingham Forest on the Sunday before last, although the situation came to be coloured by personal tragedy. Tudor learned of the death of his father, Mario, after the Forest game and Spurs had to show sensitivity as he began to grieve. The club waited until Sunday before announcing his departure by mutual consent. Continue reading...
A study of analyst recommendations at the major brokerages shows that Gold Fields Ltd. (Symbol: GFI) is the #10 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global
A study of analyst recommendations at the major brokerages shows that Gold Fields Ltd. (Symbol: GFI) is the #10 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global
A study of analyst recommendations at the major brokerages shows that Merck & Co Inc (Symbol: MRK) is the #8 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel. Merck & Co Inc also comes in above the median
A study of analyst recommendations at the major brokerages shows that Merck & Co Inc (Symbol: MRK) is the #8 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel. Merck & Co Inc also comes in above the median