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The Fall Investment Institute Forum & Roundtable The Salamander Resort & Spa, Middleburg, VA
November 14-15, 2016
For More Information on how to become a Member, please visit our website at www.TheInvestmentInstitute.org
The Premier Educational Membership Association
For Institutional & Private Investors, Managers & Financial Professionals
The Fall Investment Institute Forum & Roundtable The Salamander Resort & Spa
November 14-15, 2016
FORUM HOSTS
Andrea Szigethy Founder & President The Investment Institute Donna Holly Managing Director of Events The Investment Institute
THE 2016 CIO EDITORIAL COMMITTEE
David R. Brief Chief Investment Officer Jewish Federation of Metropolitan Chicago
Kris KapoorChief Investment Officer Furman University
Mark Roberts Chief Investment Officer Biltmore Family Office
Mike Condon SVP, Outsourced CIO Fund Evaluation Group (FEG)
Jonathon KingPresident & CEO UNC Management Company
Daniel Ward Director of Investments Virginia Tech Foundation
Jim Dunn Chief Executive Officer & CIO Verger Capital Management
Donald LindseyChief Investment Officer American Institutes for Research
Mark W. Yusko CEO & Chief Investment Officer Morgan Creek Capital Management
Robert Durden Chief Investment Officer Texas Children’s Hospital
Angela MossDirector, Public Investments UNC Management Company
Ray Jacobson Chief Investment Officer Davidson College
Larisa MuellerSenior Investment Manager The Ministers and Missionaries Benefit Board (MMBB)
KEYNOTE PRESENTERS
Dan Clifton Partner & Head of Policy Research Strategas Research Partners
Dennis GartmanEditor & Publisher The Gartman Letter
Ben Inker Co‐Head of Asset Allocation GMO
Luke Ellis CEO Man Group
Constance L. HunterChief Economist KPMG LLP
Mark Zinder President Mark Zinder and Associates
THE INVESTMENT INSTITUTE FACULTY (Panelists, Keynotes & Committee Members) *Designates the 2016 Editorial Committee – not all editorial committee members will be presenting at the forum.
*David R. Brief Chief Investment Officer Jewish Federation of Metropolitan Chicago
Gerald Chen‐Young Former Vice President & CIO UNCF, Inc.
Daniel Clifton Partner & Head of Policy Research Strategas Research Partners
*Mike Condon SVP, Outsourced CIO Fund Evaluation Group (FEG)
Celia Dallas Chief Investment Strategist Cambridge Associates
Paul Dimitruk Co‐Founder, Chairman Partners Capital
*Jim Dunn CEO & Chief Investment Officer Verger Capital Management
*Robert Durden Chief Investment Officer Texas Children’s Hospital
Luke Ellis CEO Man Group
Dennis Gartman Editor & Publisher The Gartman Letter
Constance L. Hunter Chief Economist KPMG LLP
Ben Inker Co‐Head of Asset Allocation GMO
*Ray Jacobson Chief Investment Officer Davidson College
*Kris Kapoor Chief Investment Officer Furman University
Geoff Keegan Managing Partner & CIO Creciente Partners Investment Management, LLC
Anthony Kettle PM, Long‐Only & Alt. Strategies BlueBay Asset Management
*Jonathon King President & CEO UNC Management Company
Jonny Lach Partner Albourne America
*Don Lindsey Chief Investment Officer American Institutes for Research
John McCarthy Chief Investment Officer Centaur Capital Partners
*Angela Moss Director, Public Investments UNC Management Company
*Larisa Mueller Senior Investment Manager Ministers and Missionaries Benefit Board (MMBB)
William Park Head, Investment Risk & Strategy UBS Hedge Fund Solutions
Trey Reik Senior Portfolio Manager Sprott Asset Management USA, Inc.
Cathleen Rittereiser Founder Uncorrelated, LLC
*Mark Roberts Chief Investment Officer Biltmore Family Office
William Rogers Founder & Board Chairman TexWest & American Timberlands Company
Michael A. Rosen Principal & CIO Angeles Investment Advisors
Anne Shelton Board/Inv. Committee Member YWCA NCA
Sally Staley Chief Investment Officer Case Western Reserve University
Thomas W. Strauss Chairman & Vice Chairman Ramius & Cowen Group, Inc.
Jonathan Tepper Founding Principal Variant Perception
*Daniel Ward Director of Investments Virginia Tech Foundation
*Mark W. Yusko CEO & Chief Investment Officer Morgan Creek Capital Management
Mark Zinder President Mark Zinder and Associates
The Premier Educational Membership Association
For Institutional & Private Investors, Managers & Financial Professionals
November 14‐15, 2016 The Fall Investment Institute Forum & Roundtable
The Salamander Resort ‐ Middleburg, VA Monday, November 14, 2016 2:00 pm Registration Opens for all Members & Speakers at The Salamander Resort & Spa, Middleburg
Ballroom 2:45 pm Welcome & Introduction to Conference Co‐Chairs
Host: Andrea Szigethy, Founder & President, The Investment Institute Co‐Chair: Sally Staley, Chief Investment Officer, Case Western Reserve University Co‐Chair: Mark W. Yusko, CEO & CIO, Morgan Creek Capital Management 3:00 pm The Implications of the 2016 Presidential Election
Special Guest Keynote: Daniel Clifton, Partner & Head of Policy Research, Strategas Research Partners The US elections will be over just in time for the next Investment Institute Forum. What will the election results mean for financial markets and how should investors be positioned for the change in government? Will fiscal policy play a greater role in economic policymaking moving forward? Which sectors will benefit from the election results? What lessons, if any, will the election have for the upcoming 2017 elections taking place across the globe?
4:00 pm Follow up Q&A Interview with Dan Clifton
Moderator: Don Lindsey, Chief Investment Officer, American Institutes for Research
4:15 pm Hellish Choices: What’s An Asset Owner To Do? Industry Keynote: Ben Inker, Co‐Head of Asset Allocation, GMO 5:00 pm Follow up Q&A Interview with Ben Inker Moderator: Anne Shelton, Board/Investment Committee Member, YWCA NCA 5:15 pm Refreshment Break 5:30 pm The Changing Shape of Globalization Industry Keynote: Constance L. Hunter, Chief Economist, KPMG LLP 6:15 pm Follow up Q&A Interview with Constance Hunter Moderator: Mark W. Yusko, CEO & CIO, Morgan Creek Capital Management 6:30 pm End of Sessions for Day One 6:45 pm – 8:00 pm Welcome Reception at The Salamander Resort – Harrimans
Heavy hors d ‘oeuvres and cocktails will be served.
Tuesday, November 15, 2016 7:30 am – 9:45 am Breakfast Investment Roundtable – **Open only to CIOs & Senior Portfolio Managers
TOPIC: BATTLING THE LOW RETURN ENVIRONMENT: “THE UNCONVENTION™ ‐ MINI SERIES” Facilitated by: Cathleen M. Rittereiser, Founder, Uncorrelated, LLC. & Co Author, Foundation & Endowment Investing The mission behind this elite think‐tank group is to create an intimate informal atmosphere that allows time for candid conversations and the opportunity for senior level CIOs or portfolio managers to discuss and brainstorm the challenges they face when making investment decisions. This two‐hour session will build off of the work that Uncorrelated did this summer with a prestigious group of 39 next generation investment leaders at The Unconvention™ – Overthrow the Low Return Environment! How can we achieve our goals in a low return world? That is the question that was debated and discussed. Our facilitator will conduct a similar session to get The Investment Institute member participants to tackle the most vexing question investors face today. Our discussions will cover key sub topics: Portfolio Construction, Investment Processes and Possibilities and Perspectives. Whether you’ve been in this business for three years or 30, no one has ever dealt with this kind of investing environment. Join us to get ideas. The set‐up is designed to be very interactive and everyone in attendance will be able to get involved and collaborate with one another.
Schedule of Morning 7:45 am – 8:30 am Topic I: Asset Allocation & Portfolio Construction Small Group Work
8:30 am – 8:45 am Topic I: Present AA and PC Ideas with Main Group 8:45 am – 9:30 am Topic II: Fresh Ideas & New Opportunities Small Group Work 9:30 am – 9:45 am Topic II: Present New Ideas with Main Group
Seating is limited and you must register in advance for this option in order to attend. The session is only open to one senior investment person per member organization and will take place in the Bluemont Ballroom. At the conclusion of this discussion group, please report to our general session ballroom for our 10:00 am opening keynote address.
DAY TWO GENERAL SESSIONS BEGIN 10:00 am Opening Remarks, Day Two
Host: Andrea Szigethy, Founder & President, The Investment Institute Co‐Chair: Sally Staley, Chief Investment Officer, Case Western Reserve University Co‐Chair: Mark W. Yusko, CEO & CIO, Morgan Creek Capital Management 10:00 am The History of The Hedge Fund Business
Hedge funds have been a feature of the investment world since at least the 1950s. Their history has been one of continual reinvention in a Darwinian process which has produced some celebrated winners, but also many losers that closed down without affecting most people’s consciousness. The active investment world in general is facing the threat of commoditisation. In seeking to answer the question of how hedge funds should respond to this, the precedent of history is a good place to start. Industry Keynote: Luke Ellis, Chief Executive Officer, Man Group
10:30 am Follow up Q&A Interview with Luke Ellis Moderator: Larisa Mueller, Senior Investment Manager, Ministers and Missionaries Benefit
Board 10:45 am Challenging Orthodoxies: Is Simpler Really Better?
Pros & Cons to Challenge our Collective Thinking Is the endowment model really broken? Can we challenge the way we think about asset allocation, interest rates, the role of the Federal Reserve, modern portfolio theory, etc.? Will a 70/30 portfolio continue to outperform? Are privates/illiquids still the way to do it? Is the hedge model broken? Should we be questioning the ingrained assumptions of what we always do? What would happen if we flip these orthodoxies and think differently moving forward as an industry? What are some lessons learned from the past crisis and how can we avoid making the same mistakes? Moderator: Mark Roberts, Chief Investment Officer, Biltmore Family Office Industry Panelists: Gerald Alain P. Chen‐Young, Former Vice President & Chief Investment Officer, UNCF, Inc. Celia Dallas, Chief Investment Strategist, Cambridge Associates Robert Durden, Chief Investment Officer, Texas Children’s Hospital Kris Kapoor, Chief Investment Officer, Furman University Don Lindsey, Chief Investment Officer, American Institutes for Research Thomas W. Strauss, Chairman, Ramius & Vice Chairman, Cowen Group, Inc. Jonathan Tepper, Founding Principal, Variant Perception
11:45 am Where Does the Gold Trade Stand?
Gold and gold equities have posted market leading performances year‐to‐date in 2016. What fundamentals have driven these gains? Are they likely to continue? What are gold's future prospects? What factors suggest gold has become a mandatory portfolio diversifying asset? Industry Keynote: Trey Reik, Senior Portfolio Manager, Sprott Asset Management USA, Inc.
12:15 pm Emerging Markets vs. Developed Markets EM is cheaper than developed markets but there are many risks to investing such as low/negative
growth, currency, geopolitical, etc. How can we think more tactically and strategically? Over the last five years EM allocations have been going down and is now the time to move back up? What is a neutral benchmark to EM? Do we play it long only or long short? Equity or Debt? How can we widen our field of vision and take a closer look at managers in Brazil, India, Argentina, Frontier Africa, etc.? Moderator: Geoff Keegan, Managing Partner & CIO, Creciente Partners Investment Management Industry Panelists: Mike Condon, SVP, Outsourced CIO, Fund Evaluation Group (FEG) Anthony Kettle, Portfolio Manager, Long‐Only & Alt. Strategies, BlueBay Asset Management Larisa Mueller, Senior Investment Manager, Ministers and Missionaries Benefit Board
Michael A. Rosen, Principal & Chief Investment Officer, Angeles Investment Advisors
1:00 pm Lunch Break followed by Keynote Lunch Special Address: What Happens Next? 1:30 pm Special Guest Keynote: Mark Zinder, President, Mark Zinder and Associates
It’s been eight years since the financial crisis, yet pessimism persists. Budget crises, long‐term unemployment, volatile foreign markets – bad news has become the ‘new normal’. And the public doesn’t know which pundit to believe. Should we be worried about inflation or deflation? Government debt or declining demand? No wonder polls show that most Americans believe we’re still in recession, and investors are sitting on cash, too afraid to get back in the market.
What if they are all wrong? Have we been blinded by it all? Are we extrapolating the present? The history books are full of examples of previous technology revolutions: the Industrial Revolution, the railroad revolution, electrification, mass production, and most recently, the information revolution. Have we failed to peer around the corner and see that there is a new engine of growth in its very early stages? The world is changing – technology is accelerating – fortunes are being made. This high‐energy and informative presentation is designed to help you see the world in a different, more positive way. Now is the time to ask yourself, “What Happens Next?” In this presentation, you will learn:
How history has repeated itself, and how it will continue to do so in the future. How, with consistent regularity, the evolution of a new technology revolution unfolds, and how it always unfolds in exactly the same manner.
That we are in the early stages of the next technology revolution.
How these technology revolutions always complete their cycle in 45 to 60 years. (The microprocessor was invented in 1971, 45 years ago!)
To acknowledge the past as a guidepost and use it to see the future before it becomes obvious to everyone else.
2:30 pm Trends, Opportunities & the Impact of Alternative Investing on Financial Markets: Challenges in Today’s Investment Environment Moderator: Jonathan Lach, Partner, Albourne America LLC Industry Panelists: Paul Dimitruk, Co‐Founder, Chairman, Partners Capital John McCarthy, Chief Investment Officer, Centaur Capital Partners William Park, Head of Investment Risk & Strategy, UBS Hedge Fund Solutions Bill Rogers, Founder, TexWest, LLC & Board Chairman, American Timberlands Co.
3:15 pm The Trouble with Bubbles: Where Should We Invest Today?
Industry Keynote: Mark W. Yusko, CEO & CIO, Morgan Creek Capital Management
3:50 pm “This Time It’s…No Different At All” Special Guest Keynote: Dennis Gartman, Editor & Publisher, The Gartman Letter
4:30 pm Fire Side Chat and Q&A with Dennis Gartman & Mark Yusko Moderator: Sally Staley, Chief Investment Officer, Case Western Reserve University 5:00 pm End of the Fall 2016 Investment Institute Forum
UPLOAD THE FREE EVENT APP FROM THE APP STORE / GOOGLE PLAY ON YOUR MOBILE DEVICE (iPAD, iPHONE, ANDROID, ETC.) BY SEARCHING “THE INVESTMENT INSTITUTE”
THANK YOU TO OUR SUPPORTERS!
We would like to thank all of our Members, Editorial Committee, Speaker Faculty, Sponsors and Supporters who help us keep our commitment to investment education. We are forever grateful for your partnership! Each year, The Investment Institute offers a limited number of firms the opportunity to partner with us. Sponsorship for The Investment Institute includes a membership for the year that you contribute. For more information on how you can help support our membership platform and support an upcoming forum, please contact Andrea Szigethy at [email protected] or call 919‐869‐8077.
LEAD SPONSORS FOR THE FALL 2016 INVESTMENT INSTITUTE
BRONZE LEVEL SPONSORS FOR THE FALL 2016 INVESTMENT INSTITUTE
ABOUT THE INVESTMENT INSTITUTE & MEMBERSHIP The Investment Institute (formerly known as the NC Investment Roundtable) was founded in 2008. Today, the Investment Institute has close to 200+ organizations who have join our educational networking platform. We are a Membership Organization dedicated to educating our participants on the latest developments and trends in the financial marketplace through high level programming. The Investment Institute was created to bring investment professionals together for face‐to‐face conversation, debate, and problem‐solving and with the goal of providing a unique educational and networking association to the investment community. We have been at the forefront of bringing senior investment decision‐makers together from leading endowments, foundations, pension funds, family offices, high net worth individuals, asset management firms, consultants, RIAs, financial advisors and other senior professionals. The idea was created by investment decision‐makers who are responsible for making critical decisions and have fiduciary oversight associated with an investment portfolio. Our editorial committee, distinguished speaker faculty, panelists and facilitators have the expertise and knowledge to present various educational topics on the current economic environment and are very familiar with the perspectives of both the individual and institutional investor. The Investment Institute has designed a series of programs (Spring & Fall Forums) representing high‐level strategic sessions including interactive panel discussions and keynote presentations led by visionaries in our industry. Our forums provide further opportunities to strengthen relationships with colleagues and sharpen the understanding of critical factors in both long and short‐term investing. Today we bring together approximately 275‐300 participants at each of our bi‐annual meetings. In addition, we offer a two‐hour in depth executive discussion group built into each event including only the most senior level investment decision‐makers (CIOs and Portfolio Managers). The CIOs and PMs have a unique opportunity to candidly discuss how they make asset allocation decisions in a more intimate roundtable setting. In order to access our bi‐annual programs, membership is required for every organization. There will be a limit to the number of manager and service provider members that we can allow each year.
SPEAKER FACULTY BIOGRAPHIES (Panelists, Keynotes & Editorial Committee) *Designates the 2016 Editorial Committee – Not all editorial committee members will be presenting at the Fall Forum
*David R. Brief, CFA, Chief Investment Officer, Jewish Federation of Metropolitan Chicago David R. Brief, CFA is the Jewish Federation of Metropolitan Chicago’s Chief Investment Officer. In this role he oversees all aspects of the organization’s investments, including an $850 million endowment portfolio. Specific areas of responsibility include the setting of investment objectives, asset allocation strategy, selection and monitoring of outside advisors and managers, performance analysis and reporting, and oversight of custody and administration. Prior to joining the Jewish Federation in 2002, David spent eleven years as an investment consultant for Ibbotson Associates (now part of Morningstar Inc.), Ennis Knupp + Associates (now part of Aon Hewitt EnnisKnupp), and Capital Resource Advisors (now part of Segal Rogerscasey). He also served as Director of Research for the latter two firms. Throughout his career, David has authored numerous research papers and has been a frequent speaker on a wide range of investment topics. He received a BA in economics from Cornell University, an MBA with honors from the University of Chicago, and also holds the Chartered Financial Analyst designation. He is the proud parent of Sam, a freshman at Northwestern’s Medill School, and devotes much of his free time to playing rock guitar at his home in Highland Park, IL.
Gerald Chen‐Young, Former Vice President & CIO, UNCF, Inc. Gerald Alain P. Chen‐Young was most recently the Chief Investment Officer for the United Negro College Fund, Inc. (UNCF). Mr. Chen‐Young joined UNCF in September 2002 and manages UNCF’s three (3) investment portfolios totaling approximately $1 billion. The largest is a dedicated, fixed‐income portfolio representing a special scholarship program created in conjunction with the Bill & Melinda Gates Foundation and is managed using an active management strategy of immunizing cash flows, similar to that of a pension plan; the second is a traditional endowment portfolio that is fully diversified across multiple asset classes; and the third is a short‐term, treasury‐type of portfolio that typically has staggered maturities across a variety of short‐term instruments. Prior to UNCF, Mr. Chen‐Young spent six‐and‐a‐half years with UBS/PaineWebber, first in institutional sales and then in retail brokering. Before UBS/PaineWebber, he worked in the commercial banking division of Riggs National Bank in Washington D.C., and then briefly as a Teaching Assistant in the Department of Economics at York University in Canada. Mr. Chen‐Young holds post‐graduate degrees in Economics from the London School of Economics (Dip. Econ.) and York University (M.A. (Monetary Economics)), and in Law from the University of Miami (J.D.) and the Washington College of Law (LL.M (Law & Government)). He completed his undergraduate studies in Economics at American University in Washington, D.C. with honors. Mr. Chen‐Young served and/or serves on several advisory boards including Institutional Investor Intelligence Network™, Argyle™, etc. and is frequent chair/panelist on behalf of multiple institutional investor‐calibre events both here in the U.S. and worldwide – e.g., Global ARC (Boston, MA.), Opal Endowment & Foundations (Vienna,
Austria & Sao Paulo, Brazil), World Gold Council (New York, NY), Institutional Investor, Commonfund Institute (Orlando, Fl.), BAI (Frankfurt, Germany), CERN (Geneva, Switzerland) among others.
Daniel Clifton, Partner & Head of Policy Research, Strategas Research Partners Daniel Clifton is a Partner and Head of Policy Research for Strategas Research Partners. In this capacity, Mr. Clifton directs the firm’s public policy research efforts by evaluating government policy initiatives and its impact on the US and global economies, equity and bond markets and company balance sheets for institutional investors. Daniel’s research and political analysis on the interaction between legislation, policy and capital markets is often cited in the media. Mr. Clifton and his team have been recognized by Institutional Investor magazine in their annual survey for six consecutive years. Prior to joining Strategas, Mr. Clifton served as Executive Director of the American Shareholders Association (ASA), a non‐partisan, non‐profit organization which analyzes public policy affecting shareholders. Prior to joining the ASA, Mr. Clifton served as Chief Economist and Federal Affairs Manager for Americans for Tax Reform and as a senior staff member in two gubernatorial administrations working on economic issues. Mr. Clifton received both his BA and MS from Rutgers University and was a Fellow at the Eagleton Institute of Politics and a recipient of the Harold Martin Fellowship.
*Mike Condon, SVP, Outsourced CIO, Fund Evaluation Group (FEG) Mike Condon was most recently the Treasurer and Chief Investment Officer of Southern Methodist University (SMU), where he was responsible for the investment of the University’s $1.4 billion endowment. Prior to joining SMU, he served as the Chief Investment Officer for the University of Arkansas Foundation and the Georgia Tech Foundation. Mike’s career includes management positions with the investment department of regional bank and a real estate development firm. He received the CFA designation in 1989.
Celia Dallas, Chief Investment Strategist, Cambridge Associates As Chief Investment Strategist for Cambridge Associates and a Managing Director of the firm, Celia is responsible for formulating our global investment strategy and portfolio construction advice. Since joining Cambridge in 1996, Celia has contributed to a wide range of research initiatives, including serving as one of the main architects of our Risk Allocation Framework and an author of the related report. She is the author of our quarterly publication, VantagePoint, in which she shares our house view and advice. Celia is a regular contributor to other research publications, covering a wide range of capital market, asset allocation, and investment planning topics. She is a frequent presenter and discussion moderator at the firm’s roundtables and various industry conferences. Before joining Cambridge Associates, Celia was a consultant for Harlan Brown & Co, a competitive intelligence consulting firm. In this position, she researched, wrote, and presented market analysis commissioned by Fortune 500 clients on a variety of consumer and industrial products. She also worked for the Employee Benefit Research Institute (EBRI), where she conducted research and wrote reports on retirement income security issues. Celia has an MBA from the Darden School of Business, University of Virginia and a BA from University of Pennsylvania.
Paul Dimitruk, Co‐Founder and Chairman, Partners Capital Investment Group Paul Dimitruk is the Co‐Founder and Chairman of Partners Capital Investment Group, a Global Outsourced CIO managing over $18 billion in assets for both institutional and private clients in North America, Europe and Asia. Previously he has been the Chief Executive Officer of Hawker Capital, a London‐based commodities‐focused hedge fund, Founder and Chief Executive of PortBlue Corporation, an expert system software development firm, and Chief Executive and Chairman of Pareto Partners, the leading currency risk management firm. Before that Paul was Group Managing Director of General Atlantic Group, the private holding company for the General Atlantic interests, on the Management Committee of INVESTCORP, an international private equity firm based in London, and Managing Partner of the European practice of Gibson, Dunn & Crutcher, the Los Angeles‐based global law firm. Paul is a Trustee Fellow of Denison University and a Member of its Investment Committee and is the Chairman of the Navy SEAL Foundation New England among other philanthropic commitments.
*Jim Dunn, Chief Investment Officer, Verger Capital Management As Verger’s Chief Executive and Chief Investment Officer, Jim oversees all investment decisions and is responsible for setting the course for the company, leading our corporate strategy and ensuring that Verger remains competitively positioned to serve our partners’ needs in an increasingly complex and volatile market environment. Previously, Jim was Vice‐President and Chief Investment Officer at Wake Forest University, responsible for investment of the University's endowment, working capital and life income assets of over $1.4 billion. Prior to joining Wake Forest, Jim served as Managing Director at Wilshire Associates Inc., and Chief Investment Officer and Portfolio Manager for Wilshire Funds Management, the money management arm of Wilshire Associates. At Wilshire, Jim was responsible for providing leadership on asset allocation, investment policy and investment manager selection. Jim served as the Chairman of the Wilshire Funds Management Investment Committee and served as Portfolio Manager for all of Wilshire Fund Management’s alternative investment portfolios. In addition to carrying the highest word count of any bio at Verger, Jim holds a BBA in Finance from Villanova University, where he was a member of the NCAA Division I men’s varsity soccer team. He is married and the father of two boys.
*Robert Durden, Senior Vice President & Chief Investment Officer, Texas Children’s Hospital Robert Durden is the Chief Investment Officer at Texas Children’s Hospital, located in Houston, Texas. Robert oversees a ten person investment office which manages the assets of the Texas Children’s Hospital Foundation and other entities, totaling approximately $2.7 billion. Prior to joining Texas Children’s Hospital in March 2013, Robert was the Managing Director of Private Investments at Morgan Creek Capital Management. There he directed $4.5 billion of private investments across private equity, energy and natural resources, and real estate. Mr. Durden has also worked with Legg Mason/Western Asset Management, Ritchie Capital Management, and Merrill Lynch’s Middle Market M&A group. Robert received his MBA in finance and entrepreneurship, with honors, from the University of Chicago Booth School of Business and his Bachelor of Arts in economics, magna cum laude, from Princeton University.
Luke Ellis, CEO, Man Group Luke Ellis is CEO of Man Group plc (‘Man’), based in London, and will assume the role on 1 September 2016. Luke was previously President of Man, having joined the firm in 2010, and a member of the Man Group Executive Committee. He was responsible for managing Man’s four investment units, Man AHL, Man GLG, Man Numeric and Man FRM. Prior to assuming this role, Luke was Head and CIO of Man’s Multi‐Manager Business. Before joining Man, he was Non‐Executive Chairman of GLG’s Multi‐Manager activities and manager of the GLG Multi‐Strategy Fund from April 2009. Prior to this, he was Managing Director of FRM from 1998 to 2008 and one of two partners running the business. Before joining FRM, he was a Managing Director at JPMorgan in London, and as Global Head was responsible for building the firm’s Global Equity Derivatives and Equity Proprietary trading business. Luke holds a BSc Hons. in Mathematics and Economics from Bristol University.
Dennis Gartman, Editor & Publisher, The Gartman Letter Mr. Gartman has been directly involved in the capital markets since August of 1974, after his graduate work at the North Carolina State University. He was an economist for Cotton, Inc. in the early 1970's, analyzing cotton supply/demand in the US textile industry. From there he went to NCNB National Bank in Charlotte, North Carolina where he traded foreign exchange and money market instruments. In the late 70's, Mr. Gartman became the Chief Financial Futures analyst for A.G. Becker & Company in Chicago, Illinois. Mr. Gartman was an independent member of the Chicago Board of Trade until 1984, trading in treasury bond, treasury note and GNMA futures contracts. In 1984, Mr. Gartman moved to Virginia to run the futures brokerage operation for the Sovran Bank, and in 1987 Mr. Gartman began producing The Gartman Letter on a full time basis. He continues to do so today. Clients of The Gartman Letter, L.C. include many of the leading banks, broking firms, mutual funds, hedge funds, energy trading companies, and grain trading companies. Mr. Gartman has lectured on capital market creation to central banks and finance ministries around the world, and has taught classes for the Federal Reserve Bank's School for Bank Examiners on derivatives. Mr. Gartman served a two‐year term as an outside Director of the Kansas City Board of Trade from 2006‐2008. He has been a member of the Suffolk Industrial Development Authority, and now serves on the Investment Committee of both the University of Akron and the North Carolina State University. Mr. Gartman appears often on CNBC Television and Bloomberg Radio, discussing commodities and the capital markets, and speaks before various associations and trade groups around the world.
Donna Holly, Managing Director of Events, The Investment Institute, LLC Donna Holly is the Managing Director of Events for The Investment Institute and was the Director of Events Marketing at Morgan Creek Capital Management from 2008 to 2016. Prior to joining Morgan Creek, Donna worked as a freelance consultant on educational events for the firm for two years and also worked at SAB Capital on the client relations and marketing team where she was responsible for overseeing the integration of the client relationship management system company‐wide. Donna worked from 2002 to 2006 as the Director of Client Service and Project Management at an educational conference company designed to service the endowment, foundation and high net worth communities. Donna spent eight years as an advertising agency producer, developing TV and radio commercials for national clients, first at Wells Rich Greene BDDP and later at Ammirati Puris Lintas. She received her Bachelor of Arts degree in English from the University of Florida and is now, along with her husband, studying the development and care of chickens in her own backyard, after a culture‐shock producing move to Atlanta after 19 years in Manhattan.
Constance L. Hunter, Chief Economist, KPMG Constance Hunter is the Chief Economist of KPMG LLP. She is an economic thought leader focusing on how economic factors impact asset prices and business performance worldwide. In her role at KPMG Constance works closely with the firm’s leadership and clients to identify inflection points, risks and opportunities that arise in the constantly evolving economic landscape. She is known for correctly calling economic indicators that presage market turning points such as the Russian currency devaluation in 1998, the Dotcom bubble in 2001, the real estate and credit crisis in 2007‐08, the recovery of the housing market and concurrent low bond yields in 2012 and the continued low bond yields through 2016. Constance has held high level positions in asset management for nearly two decades. She has held the position of Chief Investment Officer or Chief Economist for the past ten years. Prior to joining KPMG, she served as Deputy Chief Investment Officer at AXA Investment Managers where she helped manage over $500 billion in fixed income assets. She graduated with a BA in Economics and Sociology from New York University and with a Master’s of International Affairs with a concentration on international economics from Columbia University’s School of International and Public Affairs. She holds the Certified Business Economist designation from the National Association for Business Economics. Constance is a
regular speaker at conferences on a wide variety of macroeconomic topics and a frequent guest on all major financial media channels. She is also actively involved with a number of economic and financial market associations including the National Association for Business Economics, New York Association for Business Economics, Money Marketeers, Women’s Bond Club and of 100 Women in Hedge Funds. Constance can be followed on twitter at @constancehunter.
Ben Inker, Co‐Head of Asset Allocation, GMO Mr. Inker is co‐head of GMO’s Asset Allocation team and member of the GMO Board of Directors. In addition, he oversees the Developed Fixed Income team. He joined GMO in 1992 following the completion of his B.A. in Economics from Yale University. In his years at GMO, Mr. Inker has served as an analyst for the Quantitative Equity and Asset Allocation teams, as a portfolio manager of several equity and asset allocation portfolios, as co‐head of International Quantitative Equities, and as CIO of Quantitative Developed Equities. He is a CFA charterholder.
*Ray Jacobson, Chief Investment Officer, Davidson College Ray Jacobson joined Davidson College as the Chief Investment Officer in 2008. He is responsible for the oversight and management of the college’s $650 million endowment. Ray and his lean team source, diligence and monitor all managers directly. Prior to Davidson, he served as the first CIO for the Golden LEAF Foundation in NC and as an investment manager at Duke University (DUMAC). He also worked at Bloomberg Financial Markets and is a CFA charterholder. Ray received an MBA from Duke University, an MS from Clemson University, and a BA from Rutgers University. He lives in Davidson with his wife and four children and serves on the Board of Woodlawn School.
*Kris Kapoor, Chief Investment Officer, Furman University Kristopher N. Kapoor, CFA is Chief Investment Officer at Furman University, where he is responsible for the investment oversight of the university’s endowment and debt program. Prior to joining Furman, Kris was a portfolio manager with BB&T Asset Management and pension investment manager with Michelin North America, Inc. Kris holds the Chartered Financial Analyst designation and is currently a member of the CFA Society of South Carolina. Kris earned a Bachelor of Arts degree in Business Administration from Furman University and a Master of Business Administration in International Management from the Thunderbird School of Global Management, which he earned with distinction.
Geoff Keegan, Managing Partner & CIO, Creciente Partners Investment Management, LLC Geoff founded Creciente Partners Investment Management, LLC in October 2014 and has 15 years of experience investing in hedge funds. He previously had primary responsibility for the $3+ billion hedge fund portfolio of DUMAC, Inc. – Duke University’s investment management company – from September 2007 through April 2014. Geoff was also actively involved in tactical and strategic portfolio management decisions across the broader $14 billion DUMAC portfolio. From August 2004 to August 2007, Geoff worked in the Arbitrage Group for Grosvenor Capital Management, L.P., a $20+ billion fund‐of‐funds organization based in Chicago. Geoff sourced, researched, and executed hedge fund investments, with an emphasis on event‐driven equity, credit, relative value, and multi‐strategy funds. From September 1999 to August 2002, Geoff was a research analyst for DUMAC. He performed analysis on investment opportunities across asset classes, including hedge funds and private equity funds. Geoff earned a B.S. in economics cum laude from Duke University in 1999 and an M.B.A. from Duke University’s Fuqua School of Business, where he was a Fuqua Scholar, in 2004. He is a CFA charterholder.
Anthony Kettle, Portfolio Manager, Long‐Only & Alternative Strategies, BlueBay Asset Management Anthony is a Portfolio Manager within the Emerging Market Corporate Debt Team. Anthony joined BlueBay’s Portfolio Asset Servicing group in March 2006 where he oversaw the FX hedging, cash management and tri‐party repo functions, before moving to the EM Debt Team in November 2010. Prior to joining BlueBay, he held a management position at National Australia Bank within custodian services where he worked for five years. Anthony holds a Bachelor of Commerce degree from the University of Melbourne, a Graduate Diploma in Applied Finance and Investment from the Australian Securities and Investments Commission, and is a CFA charterholder.
*Jonathon King, President & CEO, UNC Management Company Jonathon King, President & CEO of UNC Management Company, joined the Company in January 2005. In this role Mr. King is also the Chief Investment Officer of the UNC Investment Fund. Prior to joining UNC Management Co., Mr. King was the Associate Vice President and Director of Investments for Dartmouth College where he worked for sixteen years. Previously, Mr. King was an Investment Officer at New England Mutual Life Insurance Company in Boston, MA and a Senior Accountant at Price Waterhouse & Co. in Hartford, CT. Mr. King graduated cum laude from Middlebury College with a Bachelor of Arts degree in Environmental Studies. Mr. King also graduated with an MBA degree from the Amos Tuck School at Dartmouth College and is a Chartered Financial Analyst.
Jonny Lach, Partner, Albourne America Jonny Lach is a Partner of Albourne America. He is based in Rowayton, Connecticut. Jonny was previously Chief Investment Officer at BlueStar Capital Management, a healthcare fund of funds firm which he founded. Before that, he was a Partner and Managing Director at Mezzacappa Management. He has also served as Chief Investment Officer of Winter Capital International, a wealth management firm. Jonny received an MBA and JD from the University of Chicago and a BS in Commerce from the University of Virginia.
*Don Lindsey, Chief Investment Officer, American Institutes for Research Don joined the American Institutes for Research in November 2014 in the role of chief investment officer. Prior to joining AIR, he was the chief investment officer for The George Washington University where he was responsible for management of the university’s $1.5 billion endowment for eleven and a half years. In 2000, Don formed the University of Toronto Asset Management Corporation which managed the university’s endowment, defined benefit plan and operating funds. He began his investment career with the University of Virginia where he served as investment analyst, senior investment officer, assistant director of investments and director. Don earned a Bachelor of Arts in Political Science from Virginia Tech, a Master of Business Administration from James Madison University and a Master of International Policy and Practice from The George Washington University. He is a CFA charter holder and a member of the Washington CFA Society. Don is a member of the investment advisory committee of the Virginia Retirement System.
John McCarthy, Chief Investment Officer, Centaur Capital Partners John works for a private investment office (2011‐present) whose primary roles are to form investment strategy, to conduct investment manager research and due diligence, and to evaluate portfolio performance, across all major asset classes. John has twenty‐nine years of experience in global capital markets, having worked in London and Chicago for Continental Bank, Bank of America, Segall Bryant & Hamill, and MB Investments. Initially working in foreign exchange, John has extensive experience in constructing portfolios of global fixed income, global public and private equities, all types of investment partnerships, and direct private company investing. John teaches undergraduate economics courses at Northwestern University, and is a Chartered Alternative Investment Analyst charter holder. John and Jane McCarthy live in Evanston, Illinois and have three children.
Larisa Mueller, Senior Investment Manager, The Ministers and Missionaries Benefit Board (MMBB) Larisa Mueller is a senior investment manager with MMBB Financial Services, a private pension fund, where she is responsible for external manager due diligence and selection, portfolio management, audit and regulatory compliance for over $2 billion in retirement and endowment assets. Additionally, she oversees investment operations, regulatory compliance and accounting for thirteen investment funds. Prior to joining MMBB, Ms. Mueller held the position of Supervisor of Accounting Research at Consolidated Edison where she implemented complex accounting standards for the $13 billion company, including fair value, stock‐based compensation and hedge accounting. Prior to that, she worked at Grant Thornton, in the tax and audit departments of the firm for both commercial and not‐for‐profit clients. Ms. Mueller holds an M.B.A. from the New York University and a B.A. degree in accounting from Fordham University. She is a Certified Public Accountant. William Park, Head of Investment Risk & Strategy, Managing Director, UBS Hedge Fund Solutions Bill’s primary responsibility is leading the investment risk and quantitative capabilities of HFS. He first joined UBS in 1993 as a Trading Assistant in the graduate training program in the U.S. Equity Derivatives group at UBS predecessor firm O’Connor & Associates, and re‐joined UBS in 2011. In 2003, Bill was the founding Managing Partner and Chief Investment Officer of Aviator Fund Management, L.P., a USD 500 million investment manager of global and Asian multi‐strategy hedge funds. In addition, from 1996 to 2003, Bill was the portfolio manager for the Asian Equities business at HBK Investments, L.P., where he established the Asian headquarters as the founding Managing Director of HBK Japan, Ltd.
Trey Reik, Senior Portfolio Manager, Sprott Asset Management USA, Inc. Mr. Reik has dedicated the past fourteen years to comprehensive analysis of publicly traded gold‐mining companies, developing significant perspective on their intrinsic values under a wide range of market conditions. Additionally, Mr. Reik is a renowned commentator on gold markets and monetary policy, including policies and actions of global central banks, global conditions for money and credit, and factors affecting supply/demand conditions for gold bullion. Mr. Reik joined Sprott USA in March 2015 as lead portfolio manager of the Sprott Institutional Gold & Precious Metal Strategy. For the six years prior to joining Sprott, Mr. Reik served as Managing Member of Bristol Investment Partners LLC, a registered investment advisor managing separate accounts composed exclusively of gold equities. Mr. Reik served as Chief Investment Officer and Portfolio Manager to all Bristol customer accounts. From January 2006 through November 2008, Mr. Reik served as Strategist to Apogee Gold Fund, LLC and Apogee International Gold Fund, Ltd. Before joining Apogee, Mr. Reik was Founder and Portfolio Manager of Clapboard Hill Partners, L.P., a long/short equity partnership focused primarily on precious metal equities and financials. Clapboard Hill Partners launched during February of 2002 and merged into Apogee Gold Fund during the first quarter of 2006. Mr. Reik has 34 years of investment experience. Mr. Reik graduated from Pomona College in 1982 with a B.A. in Economics.
Cathleen M. Rittereiser, Co‐Author, Foundation and Endowment Investing, Founder, Uncorrelated, LLC Cathleen M. Rittereiser is the co‐author of the books Foundation and Endowment Investing (Wiley, 2008) and Top Hedge Fund Investors: Stories, Strategies, and Advice (Wiley, 2010) and the founder of Uncorrelated, LLC. Uncorrelated develops the next generation of endowment chief investment officers by launching initiatives to rethink investment processes and brainstorm investment ideas. The most recent program, The Unconvention™‐ Overthrow the Low Return Environment! took place in August 2016. Completed projects include the Portfolio Whiteboard Project, The Investment LAB: Energy Revolution and DoDiligence™ ‐ Reinventing the Due Diligence Process. Rittereiser frequently speaks and writes on the topics of endowment and foundation investing, Outsourced CIO (OCIO), and alternative investments. Prior to founding Uncorrelated, she spent 20+ years as an investor relations and marketing executive with leading financial services firms and hedge fund complexes. Rittereiser has an M.B.A. from NYU’s Stern School of Business and an A.B. from Franklin & Marshall College, where she serves on the investment committee. *Mark Roberts, Chief Investment Officer, Biltmore Family Office Mark Roberts, CFA serves as the Chief Investment Officer for Biltmore Family Office, as well as a Managing Director for Ironsides Asset Advisors and for the Tuscarora Company (a family office). Immediately preceding that, Mr. Roberts was the Director of Global Equities and Hedged Strategies for the North Carolina Retirement Systems where he and his team were responsible for the management of the $33 billion Global Equity and Hedge Fund portfolios for the State of North Carolina. Additionally, Mr. Roberts has served as Chief Investment Officer for families and provided consulting services for endowments and foundations in both asset allocation, manager due diligence and portfolio construction. Earlier in his career, Mr. Roberts served as Director of Risk Management for Centura Bank and had asset – liability management responsibilities. Mr. Roberts received his Master of Science degree in finance from Virginia Commonwealth University and a Bachelor of Science degree from the Calloway School of Business at Wake Forest University. Mr. Roberts is the past Chairman of the Board for the NC State Investment Fund and still serves on the fund’s board. He is a member of the North Carolina Society of Financial Analysts and the American Finance Association. Mr. Roberts has served on multiple non‐profit boards.
William Rogers, Board Chairman, American Timberlands Company & Founder, TexWest Mr. Rogers is Chairman of the Board of Directors of American Timberlands Company which has invested nearly $100 million in timberland. He is also the founder of TexWest, LLC (www.texwestllc.com), his principal investment vehicle. He has been a part of the beginning or cofounding of a number of world class investment entities, including: the Robert M. Bass Group in Fort Worth, Texas; Colony Capital ‐ which has invested over $60 billion in realty related assets since 1991; The Halifax Group ‐ which has invested over $3 billion since 1999; and International Farming Corporation ‐ which since 2011 has raised three limited partnerships totaling over $1 billion in equity for investments in ag‐related assets. Mr. Rogers formerly served on the Board of Directors and Executive Committee of Waddell & Reed, Inc., one of the oldest mutual fund companies in the United States, and was a part of the firm’s growth in distribution channels and asset size from an initial $30 billion in assets under management to $80 billion. Mr. Rogers graduated from the University of North Carolina and the University of Chicago Booth School of Business. He spent two years in President Carter’s White House, and currently serves on the UNC Kenan Flagler Business School Board and Duke’s Nicholas Institute for Environmental Policy Solutions. An avid outdoorsman, his interests include also shooting, golf, and contemporary art.
Michael A. Rosen, Principal & Chief Investment Officer, Angeles Investment Advisors Michael has 30 years’ experience as an institutional portfolio manager, investment strategist, and investment consultant. From 1997 to 2001, he was a partner at Asset Strategy Consulting and its successor. From 1993 to 1997, Michael was the director of investments for Blue Cross of California/WellPoint, Inc. Previous to 1993, he spent a total of eight years as a bond and currency trader, and then as Chief Market Strategist with First Interstate Bank, Ltd. He started his career as a derivatives trader with Barclays Bank plc. Michael was an Adjunct Professor of Finance at Pepperdine University from 1991‐2000 and at Loyola Marymount University. He earned his Bachelor of Arts, magna cum laude, from Tufts University, and Master of Arts in Law and Diplomacy from The Fletcher School of Law and Diplomacy (Tufts/Harvard). He is the former Chairman of the Los Angeles Chamber Orchestra. Anne Shelton, Board/Investment Committee Member, YWCA NCA Anne Shelton, CFA, serves on the board, investment committee, and finance committee of YWCA National Capital Area. For nearly ten years ending late 2015, she worked at American Red Cross where she was Deputy Chief Investment Officer at the time of her departure. Throughout her tenure she was responsible for alternative investments, leading the team investing in hedge funds and all types of non‐marketable investments including private equity, distressed debt, real estate, and real assets. Previously, Anne was Director of Absolute Return at Cornell University and worked at McKinsey in the Corporate Finance and Strategy Practice. Anne has a B.S. with distinction in Operations Research & Industrial Engineering from Cornell University and a M.B.A. with distinction in Finance and Marketing from New York University Stern School of Business. A CFA charterholder, Anne is active in the CFA Society of Washington DC where she has served as a board member and on the nominating committee, and currently serves on the finance committee and programming committee.
Sally J. Staley, Chief Investment Officer, Case Western Reserve University Sally Staley joined Case Western Reserve University’s investment office in 2002 and became Chief Investment Officer in 2006. She began her financial career in international bond market research and sales with Salomon Brothers and Merrill Lynch and transitioned to investment management at the State of Wisconsin Investment Board where she established the public pension fund’s international fixed income program and managed an international bond portfolio. Sally later worked as Senior Consultant with the investment management consulting practice of PricewaterhouseCoopers. She holds a Master of International Affairs degree from Columbia University and a Bachelor of Arts degree from The College of Wooster where she currently serves as a trustee and investment committee member. She is also a board member and investment subcommittee chairperson for Great Lakes Theater and a former board member and investment committee chairperson for the Saint Luke’s Foundation of Cleveland. Case Western Reserve University is the 2016 recipient of Institutional Investor’s Large Endowment Investor Award.
Thomas W. Strauss, Chairman, Ramius & Vice Chairman, Cowen Group, Inc. Thomas W. Strauss is the Chairman of Ramius, LLC, Vice Chairman of Cowen Group, Inc. and a member of Cowen Management Committee. From 1995 to 2009, Mr. Strauss was a Managing Member and Member of the Executive Committee of Ramius, LLC and from 2010 to 2012 he was President and CEO. Mr. Strauss is the former President of Salomon Brothers and Vice Chairman of Salomon Inc where he worked from 1963 to 1991. In 1993, he became Co‐Chairman of Granite Capital International Group where he developed an Absolute Returns Alternative Asset Class investment business. Throughout his Wall Street career, Mr. Strauss has served on various industry‐related boards and associations. Mr. Strauss graduated with a B.A., Economics from the University of Pennsylvania in 1963. He presently serves on the Boards of the Mount Sinai Health System, Mount Sinai Hospital, Mount Sinai Medical and the US Japan Foundation and the Bachmann‐Strauss Dystonia & Parkinson Foundation. Mr. Strauss is Chairman of the Investment Committee of one not‐for‐profit endowment and a member of two others.
Andrea Szigethy, Founder & President, The Investment Institute, LLC. Andrea is the Founder and President of The Investment Institute, an educational membership organization founded in 2008, for investors and managers. Previously, Andrea Szigethy was a Principal and Director of Marketing for Morgan Creek Capital Management from 2006‐2016 where she led the branding, public relations, client education, events and marketing efforts for the firm. Andrea currently serves as a member of the Board of Directors for the Morgan Creek Foundation and is a former board member to The Hill Center based in Durham, NC which helps children develop the skills to become independent learners. Andrea also is one of the founding members of the North Carolina Chapter of 100 Women in Hedge Funds. Prior to joining Morgan Creek, Ms. Szigethy was the President of NMS Management, Inc., an educational investment conference company providing unbiased forums for endowments, foundations, family office executives and high net worth individuals. Ms. Szigethy spent six years at NMS in positions of increasing responsibility, concluding in her role as President of the firm. She managed all aspects of conference production, research and development, sales, marketing and relationship management. Prior to NMS, Ms. Szigethy had six years of conference management to include supervision and development across marketing and operations functions in multiple market sectors including the healthcare, biotech and pharmaceutical industries. Ms. Szigethy received her Bachelor of Arts Degree with a dual concentration in Business Administration and Psychology from the State University of New York at Albany and continuing credits towards a Master of Arts in Social Work from Adelphi University. Andrea enjoys spending any free time she might have at the beach and the mountains with her two beautiful daughters, Julia and Eden, as well as all of her family and close friends.
Jonathan Tepper, Founding Principal, Variant Perception Jonathan is a founding principal of Variant Perception, a macroeconomic research group that provides investment strategy to asset managers across the globe. He is an American Rhodes Scholar who, since leaving Oxford, has worked in the corporate strategy group at Lehman Brothers, as an Equity Analyst at SAC Capital, and as a VP in proprietary trading at Bank of America. He is co‐author (with John Mauldin) of New York Times’ bestsellers Endgame and Code Red, books about the sovereign debt crisis and unconventional monetary policy. Jonathan was a Finalist for the 2012 Wolfson Economic Prize for his work A Primer on the Eurozone Breakup: Default, Exit and Devaluation as the Optimal Solution. He graduated with a BA with highest honors in Economics and History from the University of North Carolina at Chapel Hill, and an M.Litt in Modern History from Oxford University. Jonathan has lived in Latin America, Europe and the US, and speaks Spanish, French and Italian. *Daniel Ward, Director of Investments, Virginia Tech Foundation Mr. Ward joined the Virginia Tech Foundation in April 2008 where he serves as its Director of Investments. He leads all aspects of managing the Foundation’s portfolio including manager and investment selection and setting asset allocation policy. Almost 50% of the portfolio is invested internationally including a mix of niche and direct investments. The Virginia Tech endowment performance ranks in the top 20% of its peers for the 3 & 5yrs ending June 2014 and was honored by Institutional Investor as the top mid‐sized endowment of 2011. The Foundation currently oversees approximately $1.5Billion in operating funds and long‐term endowment funds which support Virginia Tech University. Prior to joining Virginia Tech he was the director of research for Integritas Advisors, a family office, from July 2004 – April 2008. Mr. Ward holds a BBA from The University of Michigan Business School, a MBA from The University of Florida Warrington College of Business and is a CFA charterholder.
*Mark W. Yusko, CEO & Chief Investment Officer, Morgan Creek Capital Management Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. Prior to forming Morgan Creek, Mr. Yusko was President, Chief Investment Officer and Founder of UNC Management Company, the Endowment investment office for the University of North Carolina at Chapel Hill, from 1998 to 2004. Throughout his tenure, he directly oversaw strategic and tactical asset allocation recommendations to the Investment Fund Board, investment manager selection, manager performance evaluation, spending policy management and performance reporting. Total assets under management were $1.5 billion ($1.2 billion in endowment assets and $300 million in working capital). Until 1998, Mr. Yusko was the Senior Investment Director for the University of Notre Dame Investment Office where he joined as the Assistant Investment Officer in October of 1993. He worked with the Chief Investment Officer in all aspects of Endowment Management. Mr. Yusko received his Bachelor of Science Degree, with Honors, in Biology and Chemistry from the University of Notre Dame and a Master of Business Administration in Accounting and Finance from the University of Chicago. Mr. Yusko is an Advisory Board member of a number of private capital partnerships and alternative investment programs and has served as a consultant on alternative investments to a select group of institutions. Mr. Yusko is an Investment Committee member of the MCNC Endowment, a member of the DukeEngage National Advisory Board at Duke University, President and Chairman of the Investment Committee of The Hesburgh‐Yusko Scholars Foundation at the University of Notre Dame, and President and Head of Investment Committee of the Morgan Creek Foundation.
Mark Zinder, President, Mark Zinder and Associates Mark Zinder is a seasoned Financial professional and keynote speaker with a unique gift for making the complicated clear as he examines the trends and ideas actively shaping business today. Mark’s distinctive and captivating style has made him one of the busiest and most requested speakers in the fields of finance, economics and business development. Mark came to the financial industry 30 years ago and gained immediate recognition for his engaging seminars and market intuition. He honed his talents as National Spokesman for Franklin Templeton, where he spent over six years consulting with Sir John Templeton, Dr. Mark Mobius, Mr. Michael Price, and other renowned economists and money managers. Armed with unique insights and a keen understanding of macroeconomic trends that he learned from Sir John Templeton, Mark shares his knowledge and experiences at meetings and conferences around the world. In addition to speaking he coaches advisors and wholesalers to respond and adapt to their clients’ needs in this rapidly innovating industry.
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MEMBERSHIP INFORMATION
Andrea Szigethy, Founder & President Donna Holly, Managing Director of Events The Investment Institute The Investment Institute Direct: 919.869.8077 / Mobile: 919.619.3265 Direct / Mobile: 646.554.8800 Email: [email protected] Email: [email protected]
General Inquiries: Website: www.theinvestmentinstitute.org Email: [email protected] Phone: 919.442.6200 Fax: 919.933.4048 Address: The Investment Institute 301 W. Barbee Chapel Road, Suite 200; Chapel Hill, NC 27517
MEETING LOGISTICS
DOWNLOAD THE FREE EVENT APP ON YOUR MOBILE DEVICE! Search “The Investment Institute” in the App Store or Google Play on your mobile device and download the free event app! Use the menu guide on the home screen to view the agenda, speaker bios, white papers, presentations, sponsor information and much more! Agenda details and other items will be added to the App as they become available. Please note: If you already have the app on your mobile device, please periodically click the small circle made of two arrows in the top left corner of the home screen to ensure the data is refreshed. Allowing the app to send you “push notifications” will ensure you receive any onsite updates as well.
MEETING VENUE, CLOSEST AIRPORT AND DIRECTIONS: The Fall Investment Institute Forum will take place at The Salamander Resort & Spa which is 23 miles (an approximately 35‐50 minute drive) from Dulles International Airport (IAD). If using a GPS Navigation System, please use the following address for The Salamander Resort: 500 North Pendleton Street, Middleburg, VA 20117. For further directions, click here.
HOTEL ACCOMMODATIONS: All attendees are responsible for their own travel reservations and hotel accommodations. The Salamander Resort (our conference venue) is offering discounted room rates for a limited time and we anticipate the room block will sell out quickly. Please click here to reserve a room in The Salamander Resort's discounted block. You can also call 800.651.0721 and provide the group code, TIIN1113 to reserve your room over the phone. Please note there is very limited availability for evenings other than 11/14/16. If The Salamander Resort is sold out, or you would like to stay at a different location, other options include The Red Fox Inn and Tavern, The Goodstone Inn, The Ashby Inn and The Briar Patch Bed & Breakfast Inn. Click here for additional listings of Bed & Breakfast options and here for other hotel suggestions. TRANSPORTATION: Individuals are responsible for arrangement and payment of their own travel to and from the forum. Taxis are available at IAD Airport. Click here for IAD Airport taxi information. You can also contact The Salamander Resort concierge at 540.326.4020 to assist with any questions or requests. Additional private transportation alternatives include Dulles Executive Sedan at 703.722.2290 and United Cab at 703.777.7999.
SUGGESTED ATTIRE: Business casual attire is suggested for the conference as well as for the reception on November 14th.
CPE CREDITS OFFERED – 12 credits available for Forum / 3 credits for Roundtable
Annual Connect / The Investment Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Dining in Middleburg, Virginia
Harrimans – The Salamander’s formal dining room. http://www.salamanderresort.com/dining/harrimans‐grill Breakfast Daily 6:30 AM – 11:00 AM Sunday Brunch 8:00 AM – 1:00 PM Dinner (Wednesday‐Sunday) 5:00 PM – 10:00 PM
Gold Cup Wine Bar – Casual sports bar. http://www.salamanderresort.com/dining/wine‐bar‐and‐billiard‐room Sunday – Thursday 11:00 AM – 12:00 AM Friday – Saturday 11:00 AM – 2:00 AM
Market Salamander – http://www.marketsalamander.com/ Monday – Saturday 8:00 AM – 6:00 PM Sunday 8:00 am – 4:00 PM
The Red Fox Inn – A charming inn that is the oldest operating “ordinary” in Middleburg. Ordinary is another word for pub/tavern/watering hole and inn www.redfox.com/ Monday‐Saturday Breakfast 8:00 AM – 10:30 AM Lunch 11:30 AM – 3:00 PM Dinner 5:00 PM – 9:00 PM Sunday Brunch – Prix Fixe Brunch, 10:00 AM – 3:00 PM Dinner 4:30 PM – 8:00 PM
French Hound – Serving French Inspired Bistro Fare in a Relaxed Country Setting, www.thefrenchhound.com Monday Closed Tuesday 5:30 – 9:30 PM Wednesday & Thursday 11:30 AM – 2:30 pm, 5:30 – 9:30 PM Friday & Saturday 11:30 AM – 2:30 PM, 5:30 – 10:00 PM Sunday 11:30 AM – 2:30 PM
Julien’s – A little bit more casual, delicious French food. No website. Open every day except Thursday 11:00 AM – 9:00 PM
Good Stone Inn – Upscale, delicious farm‐to‐table food, www.goodstone.com Serving Daily: Breakfast 8:00 AM – 10:00 AM Lunch 12:00 PM – 2:00 PM Dinner 5:30 PM – 9:00 PM Sunday Champagne Brunch 12:00 PM – 2:00 PM
Hunter’s Head Tavern – A British gastro‐pub located in Upperville, VA, about a 10 minute drive. http://www.huntersheadtavern.com Monday through Saturday 11:30 AM – 9:30 PM Sunday 11:00 AM – 9:30 PM
Girasole – Awesome Italian food in The Plains, about 15 minute drive, http://girasole‐panino.com/ Monday – Friday 4:30 PM – 10:00 PM Saturday 5:30 PM – 10:00 PM Sunday 11:00 AM – 2:30 PM and 4:30 PM – 9:00 PM
The Ashby Inn and Restaurant in Paris, VA – about 15 minutes away http://www.ashbyinn.com/ Lunch: Wednesday – Saturday from 12:00 PM – 2:00 PM Dinner: Wednesday – Saturday from 5:30 PM – 9:00 PM, Sunday from 5:00 PM – 8:00 PM Brunch: Sunday from 12:00 PM – 2:00 PM
The Premier Educational Membership Association For Institutional & Private Investors, Managers & Financial Professionals
Save the Date
The Spring Investment Institute Forum
May 22-23, 2017 The Umstead Hotel & Spa
Cary, North Carolina
www.TheInvestmentInstitute.org
