Rather than taking a 30,000-foot view of what a hedge fund is or isn’t, we will talk about which hedge fund strategies are working and which ones aren’t. Our panel consists of leading minds from the hedge fund world in Chicago who will discuss the performance of various hedge fund investment styles. They will also provide an understanding of hedge funds within the investing landscape. The default view is that hedge funds are too short-term oriented. This event will give more insight so investors from other parts of the market can understand how hedge funds operate and will address the following:
- Where and why money is flowing into or out of the hedge fund space?
- How are hedge fund professionals implementing these flows?
- What does that mean for other investors?
- What implications does this have for long only investments in fixed income, credit or equities?
- Is there alpha in hedge funds still or has the strategy become more of a beta product?
- What are the long-term implications of fee-compression on the hedge fund industry?
This will be a very interactive panel discussion so bring any and all questions you have ever had about hedge fund investing!
Kevin Doonan, Executive Director, Hedge Fund Strategies, GCM Grosvenor
Kenneth Heinz - President, Hedge Fund Research, Inc.
Joseph Scoby - Head of Systematic Investing, Magnetar Capital
Tristan L. Thomas, CFA - Director of Portfolio Strategy, 50 South Capital
Members - $45 or FREE with function ticket
Student Members - $10
Nonmembers - $65
(member pricing underwritten by CFA Society Chicago)
Thank you to our sponsor:
*Limited sponsorships available, contact Kim Augustyn at firstname.lastname@example.org
CFA Institute Qualified Activity: Eligible for 1.5 credit hours
Attire: Business Casual
Menu: Hors d’oeuvres and refreshments
4:00 pm - 4:30 pm: Registration & Networking
4:30 pm - 6:00 pm: Program
*Please note distribution of presentation slides is at the discretion of the speaker and may not be available for this event
Kenneth J. Heinz, CFA, is the President of Hedge Fund Research, Inc. (HFR) and is a leading authority on the global hedge fund industry. Heinz manages HFR's industry leading hedge fund index business, including the HFRI, HFRX and HFRU Indices. Heinz has provided specialized consulting services to the industry's most significant institutional investors globally and has worked directly with thousands of managers, including many of the industry's most influential firms. He has also contributed authoritative research and commentary to some of the industry's best-known conferences and organizations, having provided keynote presentations at or for the following: Cayman Islands Alternative Investment Summit, GAIM (Monaco), the SwissFunds Association (SFA), University of Chicago Booth School of Business, Alternative Investment Council of Switzerland (AIC), University of Chicago Center for Research and Security Prices (CRSP), Skybridge Conference (Las Vegas), Money Talks (China) and various CFA Society events. He is also a highly sought-after source of expert commentary for leading media outlets including the Fox Business News, Wall Street Journal (WSJ), Financial Times (FT), Dow Jones, Newswires, CNBC (U.S., European, Asian), New York Times, London Times, the Guardian, CNN, Fortune, Time, Pensions & Investments, Barron's, the Nikkei, Bloomberg and many more.
Kevin Doonan is the strategy head for equity and event-driven strategies at GCM Grosvenor. He also leads the multi-strategy team. Prior to joining GCM Grosvenor, Doonan worked at Citigroup on the Fixed Income Capital Markets desk. Previously, he worked in the investment banking division at Salomon Smith Barney (now known as Citigroup), providing merger and strategic advisory services and debt and equity financing. He received his Bachelor of Science in Finance from Boston College.
Joseph Scoby is head of systematic investing and a member of the Management Committee at Magnetar Capital. Prior to joining Magnetar Capital in 2016, Scoby was a chief executive officer, chief investment officer, and head of trading at Achievement Asset Management LLC (formerly known as PEAK6 Advisors LLC). Prior to joining PEAK6, Scoby launched and led the O’Connor hedge funds at UBS Global Asset Management from 2000 to 2010, with the exception of the fourth quarter of 2007 to the fourth quarter of 2008. Scoby also led the UBS alternative and quantitative investment business and served as a member of the UBS Global Asset Management Executive Committee. During the fourth quarter of 2007 to the fourth quarter of 2008, he served as UBS Group Chief Risk Officer to help the firm navigate the financial crisis. He was responsible for controlling operational, market, credit and environmental risks across all UBS businesses globally. During this time, he also served on the UBS Group Executive Board. From 1995 to 1999, Scoby was the joint head of U.S. Equities within the Investment Bank of UBS and its predecessor firms, which included the original Chicago based O’Connor & Associates proprietary trading group. Scoby ran the O’Connor & Associates convertible desk. Scoby serves on the board of directors for the Wharton Undergraduate Executive Board, the Chicago’s Lurie Children’s Hospital, and the Accelerate Institute. He completed his BS and MA degrees in four years earning a BS from Wharton School, with honors, and an MA from the University of Pennsylvania.
Tristan Thomas is a managing director and the director of portfolio strategy for 50 South Capital's Hedge Fund Investment Team, responsible for portfolio construction and monitoring. He is a member of the Senior Investment Committee and is a voting member of Northern Trust’s Investment Policy Committee. Prior to joining 50 South Capital, Thomas was a strategy head at Mesirow Advanced Strategies and a member of the Senior Investment Group. He was responsible for the monitoring and sourcing of all strategies that fell outside of credit and equity including macro, commodities, relative value, multi-strategy, volatility, convertible arbitrage, and reinsurance. Prior to his role as a strategy head, he was a senior analyst covering all hedge fund strategies in Asia. He began his career at Lehman Brothers where he was on the emerging markets fixed income desk focused on sovereign debt and derivatives. Thomas received a B.A. in political science and international relations from the University of Wisconsin and holds an MBA from NYU's Stern School of Business. He is a Chartered Financial Analyst and a member of CFA Institute. He also holds his series 7 and 63 licenses.
*Special Notes Regarding Fees:
Regular, Candidate, and Affiliate Members may apply function tickets as payment for Nonmember or Student Member. Credit card required to guarantee ALL reservations except for reservations using Function Tickets. Day-of-event registrations accepted on-site only if applicable and space available. There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, October 3rd.
Members of any CFA society may attend at the CFA Society Chicago member rate. Please call the CFA Society Chicago office at 312-251-1301 to register. If you are only a member of CFA Institute, you do not qualify for the Society member rate.
CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.