Julex Capital

Julex Capital
40 Grove Street, Suite 140
Wellesley, MA 02482
781-489-5398
www.julexcapital.com

Articles by Julex Capital

Henry Ma, Ph.D., CFA.
President and Chief Investment Officer

Dr. Ma has two decades of hands-on and leadership experience in investment management. Prior to founding Julex, he managed a global macro hedge fund with Geode Capital Management. Earlier, he served as Director of Quantitative Research and Financial Engineering with Loomis Sayles & Co., and Director of Quantitative Research and Risk Management with Fortis Investments, where he led quantitative research and risk management efforts. Dr. Ma also worked as Director of Fixed Income Strategies at Sun Life Financial, where he helped manage $30 billion in fixed income assets. His investment career began with John Hancock Financial Services as a Senior Associate Investment Officer. Dr. Ma is a published author and an industry speaker on quantitative investing and risk management. He earned a Bachelor and a Master in Economics and Management from Peking University and a Ph.D. in Economics from Boston University.

Jeffrey Megar
CFA, Managing Director

Jeff brings over 25 years of investment management experience to Julex Capital, predominately as an institutional portfolio manager. Prior to joining Julex, Jeff worked briefly at F-Squared Investments. Previously, he had portfolio management oversight of a high yield bond mutual fund and institutional strategies at State Street Global Advisors where he was a Vice President and Senior Portfolio Manager.Prior to State Street, Jeff was a Senior Portfolio Manager at Fortis Investments where he helped establish Fortis’ structured credit business, launching the firms inaugural Collateralized Loan Obligation (CLO). While at Fortis, he established a comprehensive investment and credit review process and managed the firms Leveraged Loan platform. Before Fortis, Jeff held various credit position at CypressTree Investment Management and Prospect Street Investments. He received is BA in Economics from Framingham State University and his MBA in Financial Management from Northeastern University. In addition he holds the Charted Financial Analyst designation.

Liam Flaherty
Operations and Trading

Liam Flaherty

Liam joins the team at Julex after graduating from nearby Babson College with a BS in Business Administration and a dual concentration in Computational Finance and Quantitative Methods. While at Babson, he studied topics such as the Options and Futures Market, the function of various fixed income instruments, how to perform financial simulation and run time series forecasts, and how to value risky securities. In addition, he was able to pursue of a wide range of interests, both pure and applied, in mathematics and statistics disciplines. Most notably, he presented his independent research on “The Applications of Linear Algebra to the Optimization of Baseball Strategy” at the New England Symposium of Statistics in Sports in 2017. Prior to joining Julex, Liam worked as a contractor for MFS Investments on their Offshore Fund Treasury Team, and as an intern for MassMutual on their Trading and Valuation Teams.

Bo Wang, Ph.D.
Research

Bo Wang

Dr. Wang joined Julex after he received his Ph.D. in Economics from Boston College (BC), and MS in Quantitative Economics, BS in economics and mathematics (double major) from Renmin University of China (RUC). Bo has a strong background in quantitative economics and finance and broad interests in mathematical fields like abstract algebra, topology, numerical computation, and stochastic differential equation. During his graduate studies at BC, Bo devoted himself to the dynamic copula modelling techniques. His dissertation focuses on the semiparametric copula estimation and structural break test. His recent work “Copula-based time series with filtered non-stationarity” has been published in the Journal of Econometrics (2020). Also, Bo has passed the CFA exam level III and FRM exam level I.

More Articles

Where Inflation Goes To Hide

Where Inflation Goes To Hide

It has been a half a century since consumers were last seriously concerned about inflation, but supply shortages and rising…

A Pretty Good Outcome

A Pretty Good Outcome

By Rob Brown, CFA, PhD, Julex Captial Advisory Board Member Let’s try a thought experiment – What if …  What…

Unhappy with or Skeptical of TAA?

Unhappy with or Skeptical of TAA?

By Rob Brown, Ph.D., CFA, Julex Capital Advisory Board Member “Advisors tend to be somewhat skeptical about Tactical Asset Allocation.…

Corona Stimulus in Context

Corona Stimulus in Context

By Liam Flaherty, Julex Capital Following the stunning first-quarter sell-off (see Figure 1 below), both the Federal Reserve and Congress took…

Time for More Small Cap Exposure?

Time for More Small Cap Exposure?

By Liam Flaherty, Julex Capital The so-called “size premium”, which says that the growth potential in small cap companies compensates for…

The Case for a Recession

The Case for a Recession

By Liam Flaherty, Julex Capital In the first 29 months of the Trump presidency, the S&P 500 has risen by about…

Important Risk Disclosure

Investing involves risk including the risk of loss of principal.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

This communication is not intended to be an investment recommendation or investment advice and should not be relied upon as such.

The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

Distributor: ALPS Distributors, Inc., member FINRA, is distributor for SPDR® S&P 500®, SPDR® S&P MidCap 400® and SPDR® Dow Jones Industrial Average, all unit investment trusts. ALPS Distributors, Inc. is not affiliated with State Street Global Advisors Funds Distributors, LLC.

Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1.866.787.2257 or visit www.ssga.com. Read it carefully.

None of State Street Corporation, State Street Global Advisors, SSGA Funds Management, Inc. or any of their affiliates or subsidiaries (“State Street”) are affiliated with VettaFi ETF Strategist. However, State Street may enter into, and may have entered into, certain marketing arrangements with VettaFi ETF Strategist, including arrangements relating to SPDR® ETFs. State Street does not endorse VettaFi ETF Strategist and disclaims any liability associated with VettaFi ETF Strategist.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.

© 2024 State Street Corporation - All Rights Reserved.

Not FDIC Insured – No Bank Guarantee – May Lose Value

5491895.1.2.AM.RTL
SPD003411
Expiration: 2/28/2025