MMI Alternative Investments Forum Thomson Reuters Headquarters New York, NY April 30, 2014 (Draft- 4/23/14)

Size: px

Start display at page:

Download "MMI Alternative Investments Forum Thomson Reuters Headquarters New York, NY April 30, 2014 (Draft- 4/23/14)"

Aubrey Horton
5 years ago
Views:

1 MMI Alternative Investments Forum Thomson Reuters Headquarters New York, NY April 30, 2014 (Draft- 4/23/14) 8:00AM 8:30AM 8:30AM 8:45AM 8:45AM 9:00AM 9:00AM 10:15AM Registration and Continental Breakfast Welcome and Opening Remarks John Bergamini, Senior Managing Director, Mariner Investment Group Kirk Strawn, National Director of Strategic Relationships, Altegris Industry Data Update Bill Turchyn, Partner, Mariner Investment Group Alternatives in the Advisor s Tool Kit: The Challenges, The Opportunities By all accounts, liquid alternative strategies are becoming more and more frequently used components of the advisor s asset management tool kit. This is a trend that few observers see abating because of the diversification benefits they provide and their portfolio resilience characteristics during periods of market volatility. With increasing awareness and acceptance of the role that alternatives can play in client portfolios, questions still abound on the implementation front. Among the topics this panel of financial advisors will discuss: The proliferation of available products: which strategies and vehicles make sense? Where do alternatives fit in an outcomes-oriented approach to asset allocation and portfolio risk management? Is now the time to allocate to alternatives? If so, where should the allocation come from? Best practices for educating clients about the potential benefits of alternatives Moderator: Mike Dieschbourg, Senior Vice President, Alternative/Managed Risk Group, Federated Investors, Inc. Panelists: Erman Civelek, Senior Vice President, Investment Strategist, The MDE Group, Inc. Michael J. Kane, The Malkin Group, Assistant Vice President, Consulting Group Analyst, Morgan Stanley Wealth Management Thomas C. Meyer, Chief Executive Officer, Meyer Capital Group 10:15AM 10:30AM Refreshment and Networking Break

2 10:30AM 11:45AM Private Placement vs. Liquid Alternatives: Great Expectations While assets are flowing into both liquid and traditional alternatives, the bulk of the market s enthusiasm and skepticism appears to be focused on the liquid offerings. In a session devoted to a discussion of market expectations for alternative investments in their various formats, questions to be addressed include: Are the market expectations realistic? What should be the expected performance premium for illiquidity? How does one weigh the validity of broad asset class expectations versus single strategy or single manager expectations? Do these expectations color due diligence evaluations? How are investor expectations for both liquid and illiquid alternatives shaping the portfolio construction process? Are current levels and methods of investor education adequate? Moderator: John Bergamini, Senior Managing Director, Mariner Investment Group Panelist: Daniel J. Bradley, Partner, Managing Director, Head of Risk Management, Tricadia Robert Geitz, Executive Director, Morgan Stanley Wealth Management, Alternative Investments Group Steve Sciortino, Managing Director, New York Life/MainStay Investments Bradley W. Sussman, Managing Director, Ramius 11:45AM 1:00PM Luncheon with Keynote Speaker Peter L. Briger, Jr., Principal and Co-Chairman of the Board of Directors, Fortress Investment Group Mr. Briger is a principal and Co-Chairman of the board of directors of Fortress. He has served as a member of the board of directors of Fortress since November 2006 and was elected Co-Chairman in August Mr. Briger has been a member of the Management Committee of Fortress since March Mr. Briger is responsible for the Credit and Real Estate business at Fortress. Prior to joining Fortress in March 2002, Mr. Briger spent fifteen years at Goldman, Sachs & Co., where he became a partner in Mr. Briger

3 serves on the board of Tipping Point, a non-profit organization serving low income families in San Francisco. Mr. Briger also serves on the board of Caliber Schools, a network of charter schools committed to preparing students for success in competitive four-year colleges and beyond. Mr. Briger received a B.A. from Princeton University and an M.B.A. from the Wharton School of Business at the University of Pennsylvania. 1:00PM 2:15PM Regionals, Banks, and Independents: Accessing Alternatives Products While the regionals, banks, and independent broker-dealers are very much a part of the industry-wide movement toward affording clients greater exposure to alternatives, the pace and process of adoption differs from channel to channel. This panel will explore those differences, focusing in on the due diligence process of researching and selecting alternatives products with special emphasis on the requirements spawned by the proliferation of liquid alternatives. Discussion topics will include: How the channel differences will impact the use and growth of alternatives The direction that the training and education of advisors is taking Methods and patterns of product distribution to advisors Best practices for working with investment managers during product marketing campaigns, and How firm structures, business models and client bases are likely to influence the growth of alternatives in each channel Moderator: Ricardo L. Cortez, Co-Chief Executive Officer, Broadmark Asset Panelists: Jennifer Suden, Associate, Alternative Investments Group, Raymond James & Associates, Inc. Philip S. Blancato, CEO and President, Ladenburg Thalmann Asset Management Colin J. Healy, Executive Director, Head of Business Development, Global Investment Solutions, HighTower Seth Stuart, Manager, Managed Account and Alternative Investment Solutions, TD Ameritrade Institutional 2:15PM 3:30PM Wirehouse Perspective: The Continuing Transition A MMI research report published in June 2013 on the distribution of traditional and liquid alternative investments through wirehouses portrayed a market sector clearly in transition. Among the trends highlighted in that report was how the dominant role that traditional retail alternative investment products single manager

4 hedge funds, hedge fund of funds, private equity and private real estate assets have played at the wirehouses is being slowly eroded as liquid alternatives continue to gain wirehouse market share. With today s backdrop of sponsors and managers continuing to ramp up liquid alternative offerings, this panel will provide an overview of how the mix of alternative products and strategies on their platforms is shifting and offer perspective on a range of topics: Where the asset flows are and who is investing Which products are currently gaining shelf space and what do they see ahead in the realm of product development How the advisor/client education process is being tackled, particularly with respect to communicating the benefits of using alternatives in portfolio construction Whether, if equity markets remain strong, advisors and investors are likely to continue to allocate assets to alternative investment products Moderator: Robert Alderman, Managing Director, Private Investment, World Gold Council Panelists: James Costabile, Managing Director, Alternative Investments, Merrill Lynch Daryl Dewbrey, Head of Business Development, UBS Alternative Investments Robert Franklin, Director of Alternative Strategies Consultants, Wells Fargo Colbert Narcisse, Managing Director & Head of Global Alternative Investments, Morgan Stanley 3:30PM 4:30PM The Search for Alternative Sources of Income As the U.S. economy shows signs of meaningful progress, the Federal Reserve plans to continue to taper down accommodative policy actions, eventually allowing the normalization of interest rates across the yield curve. With interest rates near historic lows and the looming specter of a volatile rate environment, the quest for alternative sources of income has taken on new urgency, and alternative investments have become part of the search field. This panel representing firms with niche-type alternative strategies will examine: Alternative strategies that can provide income while still protecting principal and helping to dampen the impact of rising interest rates

5 What choices exist beyond unconstrained bond funds to meet income needs The must-know characteristics and risks of different alternative income strategies Moderator: Kirk Strawn, National Director of Strategic Relationships, Altegris Panelists: Burland East, Chief Executive Officer, American Assets Investment Management Michael McGrath, Partner, Perella Weinberg Partners Parker Roy, Senior Managing Director, Cushing MLP Asset Management 4:30PM Closing Remarks & Adjournment

Fixed Income Conference

Fixed Income Conference Market developments. Compliance practices. March 10, 2015 HIGHLIGHTS Fixed income-related examination and enforcement update Risk management for institutional firms Fixed income