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Yahoo
14 hours ago
- Business
- Yahoo
Cherry Creek Family Offices Expands Leadership Team, Naming Jason Perlioni, Former CIO of Johns Hopkins University, Senior Partner and Chair of Investment Committee
Perlioni to work closely with Cherry Creek Family Offices CIO Corey McKiernan and the firm's investment management professionals Move follows addition of Brad Sprong from KPMG as Senior Partner, Tax and Estate Planning, and formation of new strategic partnership with Midwest Trust Company DENVER, July 29, 2025 /PRNewswire/ -- Cherry Creek Family Offices (CCFO), offering sustained prosperity for accomplished families, today announces the appointment of Jason Perlioni, former CIO of Johns Hopkins University, as Senior Partner and Chairman of the Investment Committee. In this new role, Perlioni will work closely with CCFO's Managing Partners, Kevin Burke and Tim Ulfig, as well as Chief Investment Officer, Corey McKiernan. "As we continue to deepen and enhance the capabilities and expertise we deliver to our ultra-high-net-worth family clients, I'm thrilled that Jason Perlioni will join our team at this exciting time," said Burke. "Our continued investment in top-flight talent and solutions demonstrates our steadfast commitment to the families and their future generations that we serve." The latest expansion of CCFO's leadership team follows the recent addition of Brad Sprong, the former National Industry Tax Leader for KPMG's Private Enterprises Practice, as Senior Partner, Tax and Estate Planning. Burke remarked, "Jason and Brad are tremendous additions to our leadership team. Jason's 25 years of experience serving institutional and ultra-high-net-worth investors will be a powerful complement to the work of our CIO, Corey McKiernan, and the investment team he leads. Likewise, Brad, who is widely regarded as one of the nation's premier family‑office tax professionals, brings specialized expertise that rounds out our leadership capabilities." Strategic Partnership with Midwest Trust Company The deepening of CCFO's leadership comes on the heels of the firm's strategic partnership with Midwest Trust Company, a nationally recognized, independent, closely held trust company, and its affiliates. The new partnership, which was formed in the first quarter of this year, provides CCFO with exclusive access to Midwest Trust's personalized family fiduciary and trust services. The move also aligns CCFO with permanent long-term capital to be utilized for continued investment in the leading-edge resources and solutions necessary to provide an exceptional service experience and outcomes for its client families. Unparalleled Institutional Experience and Relationships Before joining CCFO as Senior Partner and Chairman of the Investment Committee, Perlioni served as the Vice President of Investments and Chief Investment Officer for Johns Hopkins University, where he oversaw all aspects of the investment program for over $9 billion of endowment and related investment assets. Prior to joining Johns Hopkins, Perlioni served as CIO at the multi-billion-dollar single-family office of The Pritzker Group, leading the Asset Management effort. Earlier in his career, he served as a Director and Portfolio Manager at UBS Global Asset Management and in the Northwestern University Investment Office, following his start as a management consultant at Arthur D. Little and Price Waterhouse. "As I considered the next phase of my career, the opportunity to impact the industry-leading offerings, investment acumen and client service at CCFO made joining this team the clear choice," said Perlioni. "I look forward to working closely with Kevin, Corey and the entire organization to offer leadership insights and help shape the customized investment strategies we build for clients, while also amplifying our access to top institutional alternative investments that reinforce intergenerational wealth preservation and growth." Expertise in Navigating the Complexities of Tax and Estate Planning In the fourth quarter of last year, Brad Sprong joined CCFO as a Senior Partner, leading the firm's tax and estate planning efforts, after an impressive tenure as the National Industry Tax Leader for KPMG's Private Enterprises Practice. In this role, he served as the Lead Partner and Account Executive for KPMG's largest clients, establishing himself as a trusted advisor to families on tax strategy, talent assessment and business expansion. Sprong said, "Joining CCFO to help elevate the firm's already exceptional client service is the culmination of decades spent advising ultra‑high‑net‑worth families—a calling I remain deeply passionate about. Effective intergenerational wealth planning seamlessly integrates investment management with innovative tax, retirement, and estate strategies. Kevin Burke and Tim Ulfig have built an outstanding team of senior professionals dedicated to exactly that mission, and I'm energized by what we can achieve together." About Cherry Creek Family Offices Cherry Creek Family Offices (CCFO) is an employee-owned, independent investment advisor and full-service family office to ultra-high-net-worth multi-generational families with more than $3 billion in total client assets. Since 2010, CCFO has focused on a singular purpose: delivering independent, non-conflicted investment advice and family office services to a select group of clients. CCFO prides itself on providing single-family office services inside a multi-family office structure. Based in Denver, the team aspires to set the standard of service and performance in the industry. Media Contacts for Cherry Creek Family OfficesDonald Cutler or Brandon BlackwellHaven Tower Group424-317-4864 or 424-317-4868dcutler@ or bblackwell@ View original content: SOURCE Cherry Creek Family Offices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
ABC News
2 days ago
- Business
- ABC News
'Everything rally' is underway, says market strategist
Roger Montgomery from Montgomery Investment Management says financial markets are seeing "everything rally", from meme stocks, Bitcoin to even meme coins, driven mostly by liquidity.
Yahoo
17-07-2025
- Business
- Yahoo
Microsoft's (MSFT) is Well Positioned for Growth in AI and Cloud Services
Investment management company Vulcan Value Partners recently released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm does not focus on short-term outcomes, whether positive or negative, and believes it can enhance the potential long-term returns and reduce risk. In the quarter, the Large Cap Composite returned 7.0% net of fees and expenses, the Small Cap Composite returned 6.7% net, the Focus Composite returned 9.5% net, the Focus Plus composite returned 8.8% and the All-Cap Composite returned 8.1% net. For more information on the fund's best picks in 2025, please check its top five holdings. In its second quarter 2025 investor letter, Vulcan Value Partners highlighted stocks such as Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions. The one-month return of Microsoft Corporation (NASDAQ:MSFT) was 5.28%, and its shares gained 14.82% of their value over the last 52 weeks. On July 16, 2025, Microsoft Corporation (NASDAQ:MSFT) stock closed at $505.62 per share, with a market capitalization of $3.758 trillion. Vulcan Value Partners stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its second quarter 2025 investor letter: "There were two material contributors to performance: Microsoft Corporation (NASDAQ:MSFT) and Ares Management Corp. Microsoft is the world's largest software company with a broad range of offerings including Microsoft Office, gaming, Azure cloud computing, LinkedIn, and more. Microsoft is a key beneficiary in the growth of AI and hyperscale cloud infrastructure. Azure growth accelerated from the prior quarter and is expected to maintain that growth in the coming quarter, driven both by an accelerating contribution from AI and an acceleration in its non-AI core Azure business. In addition, cost controls led to an increase in operating margin. Microsoft is deeply entrenched within its customer base, has high switching costs, and is benefiting from growth tailwinds such as cloud computing and artificial intelligence. We think an underappreciated strength of Microsoft's business model is that not only are its products designed to work together, but it is also more economical for the customer when multiple products are bundled together. This bundling approach enables Microsoft to gain share at the expense of less well positioned competitors over time." A development team working together to create the next version of Windows. Microsoft Corporation (NASDAQ:MSFT) is in second position our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 284 hedge fund portfolios held Microsoft Corporation (NASDAQ:MSFT) at the end of the first quarter compared to 317 in the previous quarter. In the fiscal third quarter of 2025, Microsoft Corporation (NASDAQ:MSFT) reported $70.1 billion in revenues, up 13% year-over-year. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Microsoft Corporation (NASDAQ:MSFT) and shared the list of best US stocks to buy according to billionaires. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
What Makes IQVIA Holdings (IQV) an Investment Bet?
Investment management company Vulcan Value Partners recently released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm does not focus on short-term outcomes, whether positive or negative, and believes it can enhance the potential long-term returns and reduce risk. In the quarter, the Large Cap Composite returned 7.0% net of fees and expenses, the Small Cap Composite returned 6.7% net, the Focus Composite returned 9.5% net, the Focus Plus composite returned 8.8% and the All-Cap Composite returned 8.1% net. For more information on the fund's best picks in 2025, please check its top five holdings. In its second quarter 2025 investor letter, Vulcan Value Partners highlighted stocks such as IQVIA Holdings Inc. (NYSE:IQV). IQVIA Holdings Inc. (NYSE:IQV) is an analytical technology services and clinical research-providing company to the life sciences industry. The one-month return IQVIA Holdings Inc. (NYSE:IQV) was -2.61%, and its shares lost 29.45% of their value over the last 52 weeks. On July 16, 2025, IQVIA Holdings Inc. (NYSE:IQV) stock closed at $158.64 per share with a market capitalization of $27.445 billion. Vulcan Value Partners stated the following regarding IQVIA Holdings Inc. (NYSE:IQV) in its second quarter 2025 investor letter: "We purchased two positions during the quarter: UnitedHealth Group Inc. and IQVIA Holdings Inc. (NYSE:IQV). IQVIA Holdings is a healthcare data and services company, commonly known as a contract research organization, or CRO for short. CROs are hired by sponsors ranging from large pharmaceutical companies to small biotech and medical device companies to support research, development and ultimately the commercialization of drugs, vaccines and devices. IQVIA was formed in 2016 through the merger of Quintiles and IMS Health. The merger combined the strong product development expertise of Quintiles with IMS's rich data assets to support better outcomes for clients. Today, IQVIA is the largest CRO in the world. It works with more than 10,000 customers, including 100% of the top 25 largest pharmaceutical companies, and 75% of the top 80 small and mid-sized pharmaceutical companies. Its sheer size and scale can be seen in the fact that it has helped develop more than 70% of all FDA-approved drugs since its merger. IQVIA is led by a highly aligned and focused management team and Board. The company generates mid-to high single-digit earnings growth, trades at a high single-digit current free cash flow yield and is priced today at a healthy discount to our estimate of fair value. A researcher in a lab with a microscope examining a sample. IQVIA Holdings Inc. (NYSE:IQV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 67 hedge fund portfolios held IQVIA Holdings Inc. (NYSE:IQV) at the end of the first quarter, which was 51 in the previous quarter. IQVIA Holdings Inc. (NYSE:IQV) reported first quarter revenue of $3,829 million, up 2.5% reported, 3.5% at constant currency. While we acknowledge the potential of IQV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered IQVIA Holdings Inc. (NYSE:IQV) and shared the list of most undervalued NYSE stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
Morgan Stanley's revenue and net income increase in Q2 2025
Financial services company Morgan Stanley has reported net revenues of $16.8bn for the second quarter (Q2) ending 30 June 2025, an increase from $15bn in the same quarter of the previous year. The net income applicable to Morgan Stanley reached $3.5bn, translating to $2.13 per diluted share, compared to $3.1bn or $1.82 per diluted share in the prior year's quarter. The wealth management division generated net revenues of $7.8bn, up from $6.8bn a year earlier, with a pre-tax income of $2.2bn, resulting in a pre-tax margin of 28.3%. The investment management segment reported net revenues of $1.6bn, an increase from $1.4bn in the previous year, with pre-tax income rising to $323m from $222m. Institutional securities also saw growth, with net revenues of $7.6bn compared to $7bn a year ago, and pre-tax income increasing to $2.1bn from $2bn. Morgan Stanley chairman and CEO Ted Pick said: 'Morgan Stanley delivered another strong quarter. Six sequential quarters of consistent earnings – $2.02, $1.82, $1.88, $2.22, $2.60 and $2.13 – reflect higher levels of performance in different market environments. 'Institutional securities saw strength and balance across businesses and geographies. Wealth continues to deliver, adding $59bn of net new assets and $43bn of fee-based flows.' During the quarter, the firm repurchased $1bn of its common stock as part of its share repurchase programme. Additionally, the board of directors has reauthorised a multi-year common equity share repurchase programme of up to $20bn, which will commence in the third quarter of 2025 and does not have a set expiration date. In November 2024, Morgan Stanley launched its new Southeast Asia headquarters in Singapore's prestigious downtown business district. "Morgan Stanley's revenue and net income increase in Q2 2025" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
