<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="TORONTO, ON / ACCESSWIRE / March 23, 2020 / Grayhawk Investment Strategies announced today the appointment of Stacy Rosen as Chief Risk Officer. Ms. Rosen joins Grayhawk’s executive team following a successful, 28-year career in global capital markets and finance, providing leadership and management advice to a wide range of financial institutions and investment advisors. Ms Rosen brings a unique combination of trading, portfolio management and client-focused investment experience together with high-level advisory work in risk management and governance for Canadian investment industry leaders facing an increasingly complex and rapidly changing business environment.” data-reactid=”12″>TORONTO, ON / ACCESSWIRE / March 23, 2020 / Grayhawk Investment Strategies announced today the appointment of Stacy Rosen as Chief Risk Officer. Ms. Rosen joins Grayhawk’s executive team following a successful, 28-year career in global capital markets and finance, providing leadership and management advice to a wide range of financial institutions and investment advisors. Ms Rosen brings a unique combination of trading, portfolio management and client-focused investment experience together with high-level advisory work in risk management and governance for Canadian investment industry leaders facing an increasingly complex and rapidly changing business environment.
In her previous role, Ms. Rosen was Principal and Founder of Sozo Advisors, a provider of strategic business and risk advisory services to the financial industry. Her advisory clients have included, among others, the Bank of Canada, TMX Group, and RP Investment Advisors.
Before Sozo Advisors, Ms. Rosen worked for 17 years in Canada and the United Kingdom for Scotiabank and Citibank in their capital markets departments. At Scotiabank, she assumed increasingly senior roles in trading and portfolio management in derivatives, fixed income, foreign exchange, and credit products. On her return to Canada, Ms. Rosen joined Citibank to lead their sales effort in credit products, covering Canadian institutional investors. Ms. Rosen holds a BCom from the University of Toronto and an MBA from INSEAD in France.
“Our clients expect and deserve the highest level of oversight and risk management,” said Peter Mann, Partner and Co-CEO of Grayhawk. “Stacy brings a unique and diverse set of skills and experience. I have known her for a very long time and am confident that her leadership will play a very meaningful role in our goal of becoming the preeminent wealth management firm serving successful families in Canada.”
“Grayhawk’s core values of independence, authenticity and transparency are very differentiated as one looks at the wealth management landscape in Canada today,” said Stacy Rosen. “I believe they are uniquely well-positioned to help families with the challenges of intergenerational wealth transfer, and I am very excited to be joining the team as they begin to scale their offering across the country.”
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Grayhawk Investement Strategies is an independent wealth management firm dedicated to assisting successful Canadian families with the challenges of intergenerational wealth transfer. Founded in 2015 in Calgary, Alberta, Grayhawk partnered with one family and today serves 33 successful families across Canada, with offices in Calgary and Toronto. For more information about Grayhawk, visit www.grayhawk.investments.” data-reactid=”17″>Grayhawk Investement Strategies is an independent wealth management firm dedicated to assisting successful Canadian families with the challenges of intergenerational wealth transfer. Founded in 2015 in Calgary, Alberta, Grayhawk partnered with one family and today serves 33 successful families across Canada, with offices in Calgary and Toronto. For more information about Grayhawk, visit www.grayhawk.investments.
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
