Ashok Abbott Ph.D. MBA

McKinley Advisors is offering a new resource for associations - a report on business model innovation for associations, with strategies to "move beyond incremental program changes to systematic business model transformation that strengthens financial sustainability and mission impact." Download a free copy of the report here: https://lnkd.in/gNR_T3Cj

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Two ETFs can track similar themes yet deliver very different outcomes depending on how they’re managed. Watch as we breakdown the core differences between active and passive ETFs and how each approach fits different investment objectives.

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ABS has turned producing reserves into bond-like instruments. The problem for sponsors? The bondholders get paid first. Every month the waterfall clears trustee fees, taxes, LOE, hedges, interest, principal, and reserves before equity sees a dime. Which means one truth: hedges cap upside, production tests cap volume, and the only lever left is cost. Take a live example: Base OPEX = $1.40/Mcfe → DSCR 1.10x → 100% cash sweep → zero residual. Cut OPEX 10% = $1.26/Mcfe → DSCR 1.18x → sweep falls to 50% → sponsor pockets $190k/month while still paying down debt. What looks like a small cost save is actually a release valve in the indenture—shifting dollars from turbo-amortization to equity distributions. And that matters, because oil and gas companies aren’t in the business of structuring ABS for sport. They’re in it to turn that freed-up cash into a competitive edge: building scale as the dominant PDP aggregator and, just as importantly, making real money while doing it. And this requires a different playbook—one closer to Toyota than to traditional field ops. Overlay your cost base with systematic market intelligence: track vendor pricing shifts in real time, time lock-ins to your scale, negotiate concessions from a position of data, not anecdotes. Do that, and you don’t just “run lean.” You manufacture DSCR headroom, ratchet down sweeps, and transform stranded cash into repeatable equity distributions. This is the only lever that matters for sponsors under ABS—and in the next installment, we’ll show how to institutionalize it.

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The recent Blue Owl liquidity shift isn’t a credit event. It’s a governance preview. In this latest QDIA governance note, we examine what the Blue Owl episode reveals about engineering liquidity in defined contribution plans. The issue isn’t credit risk. It’s structural tension between daily participant liquidity and event-driven private asset cash flows. Committees evaluating private allocations inside target-date defaults should be documenting liquidity waterfalls, stress testing, valuation governance, and dilution protections. Read the full analysis here: https://lnkd.in/eNS5VzA6

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What rate cuts could mean for your super & CGT. With inflation cooling, new offset policies may change the game for investors. Learn how these shifts affect long-term returns and tax strategies.

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China, Peter Zeihan, and misaligned incentives causing problems A short talk about why China’s real issue is misaligned incentives, and that is isn’t a China specific issue, it’s worldwide. #china #peterzeihan #economy #wealth #geopolitics https://lnkd.in/gQHsKHzg

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Conflicting signals: Analysts divided on IGL's growth versus gas pricing risks Clearly perceptions differ And we tell you whyMixed Analyst Ratings Reflect Deep Uncertainty ICICI Securities maintains a firm "Buy" with optimism on margin recovery and strong volume growth...https://lnkd.in/gjUmMEqx

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In the recent and ongoing sharp selloff, the most telling clue for the culprit is that even 'haven' gold has not escaped the downdraft. This points the finger of blame squarely at the recent surge in the US real interest rate. Especially as the 65 bps spike in a matter of just a few weeks is one of the sharpest rises in recent memory. As the chart shows, higher real interest rates simultaneously hurt (zero-yielding) gold and bitcoin (indexed in the chart to fit on the same scale as gold). And of course higher real interest rates hurt the valuations of the most high-flying stocks. Is there any better explanation for why gold, bitcoin, and stocks are weakening simultaneously? If you have one I'd love to hear it... Still, the good news is that all of this can be reversed if the Fed re-pivots to dovish, which it will surely do if the stock market draw-down continues into double-digit losses. Mark my words.

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