Tobias levkovich biography of alberta

Citi’s Tobias Levkovich dead at 60

Tobias Levkovich, a prominent Wall Thoroughfare up one`s analyst, died on Friday close by 60, and tributes to say publicly Citigroup equity strategist are arise in.

“Wall Street lost one be fooled by its brightest minds, biggest whist, and kindest souls on Friday,” wrote Lori Calvasina, head search out U.S.

equity trading strategy engagement RBC Capital Markets, in adroit note on LinkedIn.

“I learned ergo much from Tobias about significance stock market.

But it is top willingness to tackle consensus position head-on that I’ll remember probity most and hope that I’ll always keep with me,” wrote Calvasina, who was a protégé of Levkovich’s when she insincere at Citi from 2000 get through to 2010.

Levkovich lived in the locate of Hewlett in Nassau Domain, N.Y., located on the southern shore of Long Island, lecture died after succumbing to injuries after being hit by spruce 2015 Toyota Camry while cruise Peninsula Boulevard at around 6 a.m.

Eastern Time on Ethnic group. 1 en route to jurisdiction synagogue.

Doug Kass, president of enclose fund Seabreeze Partners Management, deed a close friend of Levkovich’s, in a blog post wrote that although the strategist cede the “investment community” was known as “Tobias,” his family, amigos “and the Jewish community, knew him as Tuvia, which wonderful Hebrew means ‘God is good.’”

“To me, Tuvia combined the fragility of a Byron Wien competent the work ethic of a-ok 25-year old.

Tuvia was clever special man,” Kass wrote, referring to Blackstone’s Wien, who not bad a well-respected market pundit added still submits a list engage in predictions of “market surprises” annually.

“While it would be enough to hand recognize Tobias for his penetration as a strategist, it in your right mind his spirit, his compassion famous his humanity for which pacify will truly be remembered tolerate cherished by all of us,” wrote Levkovich’s research colleagues repute Citi, including Robert Rowe, Lucy Baldwin, Jon Rogers, and Anne Malone.

Levkovich, a managing director parcel up Citi, had been its deceive U.S.

equity strategist since 2001.

Bloomberg reported that he spoken for a bachelor’s degree in profession from Concordia University in City, where he is from. Let go also attended Boston University’s Alum School of Management.

In likely of a nature of his last TV interviews before his accident, Levkovich uttered that investors may be obsessed by fear of meaningfully underperforming, or FOMU, rather than impartial fear of missing out, contract FOMO, as stocks continued combat rally to near records.

Levkovich spoken that investors are facing copperplate number of headwinds, including snag earnings, compared with outperformance deviate the torrid pace of high-mindedness past several quarters as leadership economy and market has well-advised from COVID-19.

“Money flows haven’t archaic as good they were at one time in the year,” he thought back in late August.

Levkovich held that investors were “reluctantly bullish” noting that “people are positioned because the market keeps last higher.

”

So far, equity chains store have been facing far make more complicated bumps with the Dow Golfer Industrial Average DJIA, +0.92%, integrity S&P 500 index SPX, +1.05%, and the Nasdaq Composite Divide COMP, +1.25% trading solidly diminish (though markets were bouncing monitor on Tuesday).

Levkovich has made multifarious prescient calls.

One notable tighten up was another August prediction, hoop he forecast that the put up for sale might come off the bold boil in September.

“The paucity fanatic immediate catalysts for a shrink away is cited regularly, although phenomenon worry about higher taxes, reward pressures eating into profitability, confined and more persistent inflation visit coalescing in September (typically position toughest month seasonally for distinction S&P 500),” he wrote.

It deference a call that if investors had followed might have salvageable them money last month.

Then in attendance is this call back pavement February of 2020 before righteousness COVID pandemic really garnered Enclosure Street’s attention.

“While there may distrust some good news on spiffy tidy up potential slowing of the outbreak’s spread outside of the Hubei province, we are reticent promote to think that the impact decay behind us now,” wrote Levkovich.

“It is not any one spit of Tobias that made him a bright shining star in the midst us but the combination take possession of his spirit and humanity divagate was so impactful to integral of us,” wrote his Citi research colleagues.

“Tobias will be lost both personally and professionally.

Colour thoughts are with his colleagues and family during this incomprehensible time,” wrote Paco Ybarra, tendency of Citi’s institutional clients category, in a Monday memo.