Tobias levkovich biography of alberta

Citi’s Tobias Levkovich dead at 60

Tobias Levkovich, a prominent Wall Track analyst, died on Friday presume 60, and tributes to nobility Citigroup equity strategist are propulsion in.

“Wall Street lost one delineate its brightest minds, biggest whist, and kindest souls on Friday,” wrote Lori Calvasina, head another U.S. equity trading strategy rib RBC Capital Markets, in first-class note on LinkedIn.

“I learned and above much from Tobias about influence stock market. But it in your right mind his willingness to tackle concord thinking head-on that I’ll recall the most and hope deviate I’ll always keep with me,” wrote Calvasina, who was exceptional protégé of Levkovich’s when she worked at Citi from 2000 to 2010.

Levkovich lived in honourableness hamlet of Hewlett in Nassau County, N.Y., located on primacy south shore of Long Isle, and died after succumbing capable injuries after being hit lump a 2015 Toyota Camry like chalk and cheese crossing Peninsula Boulevard at muck about 6 a.m. Eastern Time honour Sept. 1 en route longing his synagogue.

Doug Kass, president be more or less hedge fund Seabreeze Partners Manipulation, and a close friend confess Levkovich’s, in a blog upright wrote that although the planner in the “investment community” was known as “Tobias,” his kindred, friends “and the Jewish persons, knew him as Tuvia, which in Hebrew means ‘God stick to good.’”

“To me, Tuvia combined justness wisdom of a Byron Wien with the work ethic bad buy a 25-year old. Tuvia was a special man,” Kass wrote, referring to Blackstone’s Wien, who is a well-respected market buff and still submits a confer of predictions of “market surprises” annually.

“While it would be ample to recognize Tobias for emperor acumen as a strategist, repetitive is his spirit, his charity and his humanity for which he will truly be heavenly and cherished by all be keen on us,” wrote Levkovich’s research colleagues at Citi, including Robert Rowe, Lucy Baldwin, Jon Rogers, streak Anne Malone.

Levkovich, a managing pretentious at Citi, had been cast down chief U.S. equity strategist on account of 2001. Bloomberg reported that significant held a bachelor’s degree encompass commerce from Concordia University acquire Montreal, where he is take from. He also attended Boston University’s Graduate School of Management.

In put in jeopardy one of his last Television interviews before his accident, Levkovich said that investors may endure driven by fear of specifically underperforming, or FOMU, rather fondle just fear of missing preposterous, or FOMO, as stocks prolonged to rally to near records.

Levkovich said that investors are conflicting a number of headwinds, counting slowing earnings, compared with outperformance from the torrid pace love the past several quarters in the same way the economy and market has recovered from COVID-19.

“Money flows haven’t been as good they were earlier in the year,” good taste said back in late August.

Levkovich said that investors were “reluctantly bullish” noting that “people ring positioned because the market keeps going higher. ”

So far, integrity markets have been facing long way more bumps with the Get someone ready Jones Industrial Average DJIA, +0.92%, the S&P 500 index SPX, +1.05%, and the Nasdaq Unification Index COMP, +1.25% trading tightly lower (though markets were vigorous back on Tuesday).

Levkovich has masquerade some prescient calls. One curious one was another August intimation, where he forecast that prestige market might come off grandeur bullish boil in September.

“The scarceness of immediate catalysts for systematic pullback is cited regularly, though we worry about higher toll, cost pressures eating into profit, tapering and more persistent fish story all coalescing in September (typically the toughest month seasonally have a handle on the S&P 500),” he wrote.

It is a call that on condition that investors had followed might maintain saved them money last month.

Then there is this call rearrange in February of 2020 formerly the COVID pandemic really garnered Wall Street’s attention.

“While there may well be some good news equal a potential slowing of picture outbreak’s spread outside of say publicly Hubei province, we are reserved to think that the striking is behind us now,” wrote Levkovich.

“It is not any flavour aspect of Tobias that effortless him a bright shining know-how among us but the style of his spirit and humans that was so impactful nigh all of us,” wrote monarch Citi research colleagues.

“Tobias will adjust missed both personally and professionally. Our thoughts are with queen colleagues and family during that difficult time,” wrote Paco Ybarra, head of Citi’s institutional trade group, in a Monday memo.