Author: Mark Tuminello

Mark Tuminello is a skilled financial professional specializing in portfolio and fixed income analytics, recognized by peers for thoroughness and competency across financial disciplines. These disciplines include organization, negotiation and the analysis of complex cash flow models, financial instruments and scenarios. Presently, Mark Tuminello is a Partner at Aleren Analytics LLC., a Management Consulting practice. Previously, Mark Tuminello was at OmniMarkets Group, where he was responsible for the analysis and preparation of valuation models related to alternative investments. Additionally, Mark Tuminello is an Adjunct Professor at the State University of New York – (Farmingdale State College; since Sept. 2010), offering each of Corporate Finance, Financial Institutions and Markets and Statistics classes. Near-term goals include pursuing opportunities in the areas of analytics and alternative investments. Mark Tuminello finished his MBA in Finance from NYU’s Stern School of Business in 1998. Career progression is evidenced by obtaining steadily increasing complex and technical job duties, within respected financial institutions, in positions of responsibility. From June 2008 through August 2009, Mark Tuminello was a consultant for Xavian Holdings, a start-up financial guarantor specializing in providing mortgage insurance to the finance market place. Activities were primarily in connection with obtaining a financial strength rating from Standard and Poor’s. Working with Xavian’s actuarial representatives, Mark Tuminello was responsible for the evaluation of the capital model, determining obligor default frequency and severity of loss on collateral. This opportunity provided him with exposure to insurance risk analysis, the reinsurance market, and in particular the role and structure of an Enterprise Risk Management effort. As a Managing Director with Bear Stearns and Company, starting in January 2007, Mark Tuminello evaluated distressed corporate debt across multiple industries, and other special situation investments related to commercial assets. From 2000 to 2006, as a Managing Director in the structured products area at Wachovia Securities, Inc., Mark Tuminello structured and arranged the first post-9/11 aircraft-backed portfolio securitization, recreating the new issue market in August 2003, utilizing innovative elements of credit enhancement. In the capacity of a Senior Structured Finance analyst at Moody’s Investors Services, Mark Tuminello specialized in auto-backed, franchise loans, insurance premium, real-estate and aircraft-backed pooled securitizations, as well as learning about Moody’s approach to rating defaults and recoveries across obligor types.

The information lifecycle for the Internet of Things

Gigaom

In the IoT, the ability for newer, smarter devices to communicate with each other, with back-end datacenters and with related systems requires data to be processed into information in different ways and in more than one location and direction.

RH0056_Lifecycle_IoT_DiagramThe IoT pushes data processing to the edge
As the figure illustrates, tactical data processing can occur at the controller tier with data analyzed near field to allow immediate action to be taken. This field level information analysis prompts action based on pre-defined business rules. Once those actions occur, summary information is relayed to the back-office for deep analysis. Knowledge gained from that analysis determines how best to optimize the system and can result in new rules being set to improve process flow.

The IoT pushes decision making to the edge
The constant feedback loop between tactical field operation and strategic information analysis allows decisions to be made as close as…

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Crunchbase

When Crunchbase essentially restarted their site a few months back, it was a little scary. They simply deleted all of the accounts on the site and made users start from scratch. Now, that’s not as big a deal as it might seem – there was really not much you could do on the old version of the site. It was really just a way to crowdsource information about businesses and professionals. So when I wanted to update some information about my listing, I had to create a new profile again. I was surprised to see that there still was nothing else I could do with the site other than basic edits to a public profile.

But when I logged in today, I saw that there were some changes…hopefully a sign that the site is planning even more additions, which would be a welcome change!

Now you can follow the profiles of businesses and professionals that are catalogued throughout the site. What does ‘follow’ mean on Crunchbase? I don’t quite know yet, but I’ll be keeping my eye on my email after following a few people and companies as a test.

In the meantime, I’d love it if you would follow me on Crunchbase. I hope to have exciting professional news coming out over the next few months and years, and this would be a great way to keep up with all of it!

Looking forward to more additions to Crunchbase functionality soon…

 

Mark Tuminello Crunchbase

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Students Want More

What happens when a brilliant person, a leader in their field, just isn’t a great teacher? It’s a problem if they’re teaching an important university-level class. Students in England have been complaining about just this situation, and it seems like academic institutions are making changes to deal with it.

One of the more common reasons students believe teachers aren’t doing their best is their work outside of the classroom. When a teacher is writing a book, conducting major research, or managing some other important project, they cut back on attention to students. Feeling that their tuition is the source of teacher wages, students are dismayed.

PhD students, who make up a large portion of one-day teachers, usually participate in a mandatory three-day training program. There they learn about different learning styles, how to manage a classroom, and general education. More recently, PhD students are presented material pertaining to their particular subject. It is generally believed, in academic circles, that teacher training gets better and better with each passing year.

But the students have a perception that the teaching isn’t all that great. While they need to develop as learners, their perception is ultimately very important for academic institutions to survive. It’s ultimately an issue of consumer needs – when students pay so much for their education, their expectations are high. One wonders how sustainable that is.

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Child Reading Tips…for Adults

Mark Tuminello’s latest blog post –

An answer from the social question/answer site Quora was syndicated recently on the Huffington Post (welcome to the 21st Century!) about helping children develop strong reading habits. It turns out, there was a lot of great advice for adults, too!

Turnable pages when reading at night. Light from social devices, sometimes referred to as ‘blue light,’ activates our brains to the detriment of sleep. Paper books still have a use for us humans, for the time being anyway.

Read only so long as interest is maintained. This is great advice. So many people I know will finish reading a book even if they don’t enjoy it. It can feel strange to stop reading a book, even more strange to get rid of it, but why continue if you don’t like it. It’s actually a bad habit that will decrease your enjoyment of reading.

Ask questions. We’ve all been on a reading kick and found ourselves burning through books quickly. Did we really take things in? Did we retain information for longer than a week? Often, the answer is no. If we stop and ask ourselves what exactly is happening, engaging our brain with the material more, we’ll be able to get more enjoyment from reading.

Don’t switch to digital just because it’s cool and new. Don’t stick with paper books because technology annoys you. Give each medium a try and make a rational decision about how you better enjoy reading. Factor in the weight of the device, transport, price, storage, the ability to share, etc.

If you haven’t heard of Quora, it’s a social network where users can ask questions which will be answered by other users. There are a lot of similar sites and networks – what sets Quora apart are three main things. First, the site and app are both very well designed, which attracts more serious users who might not be interested if the design was poor. Second, the content is curated to some degree by a very active staff of administrators. They rephrase questions, adjust tagging, and who knows what else to make sure the site works as a cohesive voice. The experience is much better as a result. The third thing that sets Quora apart is the community, which is devoted, large, and intelligent. This is partly a result of the design and admin work, but there’s also an ethereal stickiness about the site that has generated that minimum amount of activity to keep things interesting. I highly recommend it!

 

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Alternative Investment Opportunities for Young People

Young people tend to have less spare money, which means their investments tend to be a little on the conservative side. A recent Guardian article discussed options for alternative investments that could be appropriate for people in their early 20′s who are willing to take on a little risk for some extra returns.

What’s really important to remember with investing is that there is no guarantee that there will be a return on the investment, and sometimes not even a recovery. It would be wise for any investor to be prepared for the worst.

Young people are familiar with crowd funding, and there are similar options in equity. This gathers up multiple smaller investments and turns it into a much larger one, opening up a variety of new options for people with less money to invest. Crowdcube, just one option, has only a $15 minimum. Because young investors will presumably have less money than the average person, it would be smart to make sure they only invest a small percentage of their liquid money into equity crowd funding. The Guardian offers a 5% maximum.

Another option are person-to-person lending, with companies like Lending Tree. Instead of putting money into a bank account, it goes into a protected account and lent to other people. There are risks of losing the money, but there are also significant gains to be made. Apparently no P2P platform have any worse than a 3% default rate, which is decent. Many companies have some kind of contingency money that can help recoup losses. These platforms offer much better returns than a standard savings account – up to 15%.

There has been a great deal of growth and increasing interest in groups like these, with lots of money being offered to startups. The space is still young and open to big players. There is a lot of potential. While a lot of the sites and platforms are very shiny and attractive, but young people still need to be informed and cautious about the industry.

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