2013 CFAH Investor Symposium - Speakers

Keynote Speakers
 
Bob LittermanBob Litterman
Chairman, Risk Committee, Kepos Capital

Bob Litterman is the Chairman of Kepos Capital’s Risk Committee and Academic Advisory Board. Prior to joining Kepos Capital in 2010, Bob enjoyed a 23-year career at Goldman, Sachs & Co., where he served in research, risk management, investments and thought leadership roles. He oversaw the Quantitative Investment Strategies Group, a portfolio management business formerly known as the Quantitative Equities and Quantitative Strategies groups, and Global Investment Strategies, an institutional investment research group. While at Goldman, Bob also spent six years as one of three external advisors to Singapore’s Government Investment Corporation (GIC). Bob was named a partner of Goldman Sachs in 1994 and became head of the firm-wide risk function; prior to that role, he was co-head of the Fixed Income Research and Model Development Group with Fischer Black. During his tenure at Goldman, Bob researched and published a number of groundbreaking papers in asset allocation and risk management. He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.). Bob earned a Ph.D. in Economics from the University of Minnesota and a B.S. in Human Biology from Stanford University. He is also the inaugural recipient of the S. Donald Sussman Fellowship at MIT's Sloan School of Management and serves on a number of boards, including Commonfund, the Sloan Foundation and World Wildlife Fund. 
 
Greg McGreeveyGreg McGreevey
CEO and Head - Invesco Fixed Income

Gregory McGreevey joined Invesco in November 2011 as head of Fixed Income, responsible for the day-to-day oversight of Invesco's fixed business. Previously Mr. McGreevey was president of Hartford Investment Management Co. and executive vice president and chief investment officer (CIO) of The Hartford Financial Services Group, Inc.  Additionally, he was the CIO for the Hartford's Insurance business.  Prior to joining Hartford Investment Management, Mr. McGreevey served as vice chairman and executive vice president of ING Investment Management - Americas Region (IIMAR), as well as business head and CIO for ING's North American proprietary investments and chief executive officer of ING Institutional Markets.  In addition, he was a member of an IIMAR's management committee and held positions on a variety of key senior leadership committees, including ING Management Council. Before joining ING, Mr. McGreevey was president and CIO of Laughlin Asset Management and president and chief operating officer of both Laughlin Educational Services and Laughlin Analytics, Inc. in Portland, Ore. Mr. McGreevey earned an undergraduate degree from the University of Portland and an MBA from Portland State University.  He is a CFA charterholder. 
 
Mamundi (MG) Subhas, CFAMamundi (MG) Subhas, CFA
Senior Vice President, Neuberger Berman

Mamundi (MG) Subhas, CFA, Senior Vice President, joined the firm in 2001. MG is an Associate Portfolio Manager of the Core Equity and SRI strategies. Prior to joining the firm, he was a managing director at Moody’s Investor Service and a vice president at WEFA Group and Prudential Securities. MG Subhas also held positions at Monchik Weber, STSC, Inc. and Interactive Data Corp., where he spent seven years. He began his career in 1974 as an economist at Louis Berger International. He received a BS and an MBA from the University of Pittsburgh. MG Subhas has been awarded the Chartered Financial Analyst designation.
 
Richard YamaroneRichard Yamarone
Senior Economist - Bloomberg 

Richard Yamarone is an economist who has nearly three decades of experience and focuses on monetary & fiscal policy, economic indicators, fixed income, commodities, and general macroeconomic conditions for Bloomberg Brief: Economics, a daily newsletter that features analysis, data and news on the forces shaping the global economy. Mr. Yamarone and the Bloomberg Briefs economics team provide in-depth analysis of macroeconomic data, policy and trends and how they will impact financial markets. Mr. Yamarone forecasts U.S. economic statistics and trends, builds macroeconometric models, and analyzes possible outcomes. He is the creator of the Bloomberg Orange Book -- a compilation of macroeconomic anecdotes gleaned from comments CEOs and CFOs made on quarterly earnings conference calls. He travels extensively to speak to clients and corporate executives on the economic outlook, public speaking, and career and management coaching.
 
Lunch Keynote Speaker
 
Annise ParkerAnnise Parker
Mayor, City of Houston
 

Mayor Annise D. Parker serves as the Executive Officer of the City. As the City's chief administrator and official representative, the Mayor is responsible for the general management of the City and for seeing that all laws and ordinances are enforced. Administrative duties include the appointments, with Council approval, of department heads and persons serving on advisory boards.
 
Panel: Future of Alternative Assets
 
Keith BlackKeith Black
Director of Curriculum - CAIA

Keith Black has over twenty years of financial market experience, serving approximately half of that time as an academic and half as a trader and consultant to institutional investors. He currently serves as Director of Curriculum for the CAIA Association. During his most recent role at Ennis Knupp + Associates, Keith advised foundations, endowments and pension funds on their asset allocation and manager selection strategies in hedge funds, commodities and managed futures. Prior experience includes commodities derivatives trading, stock options research and CBOE floor trading, and building quantitative stock selection models for mutual funds and hedge funds. Dr. Black previously served as an assistant professor and senior lecturer at the Illinois Institute of Technology. He contributes regularly to The CFA Digest, and has published in The Journal of Global Financial Markets, The Journal of Trading, The Journal of Financial Compliance and Regulation, The Journal of Investing, The Journal of Environmental Investing, and Derivatives Use Trading and Regulation. He is the author of the book "Managing a Hedge Fund," as well as the co-author of the 2012 second editions of the CAIA Level I and Level II textbooks. Dr. Black was named to Institutional Investor magazine's list of "Rising Stars of Hedge Funds" in 2010. Dr. Black earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD from the Illinois Institute of Technology. He has earned the Chartered Financial Analyst (CFA) designation and was a member of the inaugural class of the Chartered Alternative Investment Analyst (CAIA) candidates. 
 
Sameer JainSameer Jain
Chief Economist and Managing Director, American Realty Capital

Mr. Sameer Jain has executive management cross-functional responsibilities at American Realty Capital, including heading risk management, firm strategy and direction development, as well as alternative investments. He has 18 years of investing experience where his responsibilities have included the formulation of investment strategy, the development of risk management practices and asset allocation models, creating thought leadership, and the assessment and engagement of real estate, private equity and hedge fund managers. Prior to joining American Realty Capital  Mr. Jain headed Investment Content & Strategy at UBS Alternative Investments, where he was also responsible for all illiquid investing across the platform. Prior to UBS he was at Citi Capital Advisors, Cambridge Alternative Investments and SunGard System Access. He has written academic and practitioner articles on alternative investments, many of which are available in the public domain at ssrn.com.
 
Robert Murphy, CFA, FRM, CAIARobert Murphy, CFA, FRM, CAIA
Chief Investment Officer, Hatteras Alternative Mutual Funds

Mr. Murphy is a portfolio manager for the Hatteras Alternative Mutual Funds. His primary responsibilities include leading the portfolio management team which includes establishing the policies and direction for the team. In addition, Mr. Murphy is responsible for the risk management of the Funds and serves as Chairman of the Investment Committee. Prior to joining Hatteras Funds, he was with Ivy Asset Management Corp. LLC, a division of BNY Mellon Asset Management, where he served as a Managing Director in the Investments Group and in the Investment Products and Strategy Group. At Ivy, Mr. Murphy was responsible for investment research and assisted with product development and portfolio management. Before joining Ivy in 2008, Mr. Murphy was a Partner and Director of Risk Management at Meridian Capital Partners, where he worked in various senior capacities since 2001. Previously, Mr. Murphy held senior fixed income investment banking positions with A.G. Edwards, Cowen & Company, Donaldson, Lufkin & Jenrette, and Bear Stearns & Co., Inc. Mr. Murphy received his Bachelor of Arts and Master of Business Administration degrees from the State University of New York at Albany. He earned his designation as a Chartered Financial Analyst (CFA) and has also earned designations as a Financial Risk Manager (FRM) and Chartered Alternative Investment Analyst (CAIA).
 
Kareem HamadyKareem Hamady (Moderator)
Product Manager, Bloomberg 

Kareem Hamady is currently the Product Manager responsible for building Bloomberg's Private Equity Offering. Prior to joining Bloomberg, Kareem worked as a private equity investor, investment banker, and energy risk analyst. He has advised on over $7 billion of transactions in the energy, chemicals and natural resources sectors and has invested close to $900 million. He graduated with bachelors in Economics from The University of Texas at Austin with minors in Chemistry, Biology and Business.
 
Panel: Future of Asset Allocation
 
Gregory BruntGregory Brunt
CIO - Houston Municipal Employees Pension System 

Gregory Brunt is the Chief Investment Officer for the Houston Municipal Employees Pension System (HMEPS), a governmental defined benefit pension plan that provides retirement and other benefits for eligible employees of the City of Houston.  In that role, Mr. Brunt leads the team that manages public market and private market assets totaling $2.2 billion.  Prior to joining HMEPS in 1998, Mr. Brunt worked at American General Corporation in Houston.  Mr. Brunt holds a Bachelor of Science degree from Texas A&M University and a Master of Business Administration degree from the Owen Graduate School of Management at Vanderbilt University.  Mr. Brunt is a CFA charterholder.  
 
Eugene PodkaminerEugene Podkaminer, CFA
Vice President - Capital Markets Research Group

Eugene L. Podkaminer, CFA, is a Vice President and a consultant in the Capital Markets Research group. Eugene is responsible for assisting clients with their strategic investment planning, conducting asset allocation studies, developing optimal investment manager structures, and providing custom research on a variety of investment topics. Prior to joining Callan in 2010 Eugene spent nearly a decade with Barclays Global Investors. As a Senior Strategist in the Client Advisory Group he advised some of the world's largest and most sophisticated pension plans, non-profits, and sovereign wealth funds in the areas of strategic asset allocation, liability driven investing, manager structure optimization, and risk budgeting. As Chief Strategist of Barclays' CIO-outsourcing platform Eugene executed CIO-level functions for corporate pension plans and endowments. Eugene was also a Senior Investment Consultant with Alan Biller and Associates. Eugene received a BA in Economics from the University of San Francisco and an MBA from Yale University. He earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Society of San Francisco and CFA Institute. He is a frequent speaker on investment related topics and has been featured in numerous publications. His paper on risk premia investing, "Risk Factors as Building Blocks for Portfolio Diversification: The Chemistry of Asset Allocation," was featured in Investment Risk and Performance, a CFA Institute publication. 
 
Allison ThackerAllison Thacker
Vice President for Investments and Treasurer, Rice University
President, Rice Management Group


Allison K. Thacker joined Rice University in 2011 as Vice President for Investments and Treasurer and President of the Rice Management Company with the responsibility of managing a $4.5 billion endowment fund. The Rice University Endowment ranks in the top 20 endowments of private research universities in the US. Prior to joining Rice University, Ms. Thacker spent 11 years with RS Investments, a San Francisco‐based investment firm specializing in public equities, with over $20 billion in asset under management. Ms. Thacker was Managing Director for RS Investments from 2009‐2011 where she managed a ten person team responsible for five mutual funds and two institutional strategies with $1.9 billion under management. Before assuming the role of Managing Director at RS Investments, Ms. Thacker was a Portfolio Manager (2003‐2011) and an Analyst (2000‐2011) at RS Investments. In the earlier portion of her career, Ms. Thacker served as a Summer Analyst at Putnam Investments and as a Financial Analyst in the energy investment banking group at Merrill Lynch & Co. She was a founding board member of KIPP Heartwood Academy, a college preparatory charter school serving East San Jose, California, is currently a member of the KIPP Houston Executive Board, a member of the Houston Ballet Board of Trustees and a board member for Black Stone Minerals. Ms. Thacker is a graduate of Harvard Business School where she received a MBA and has a Bachelor of Arts degree in economics with honors from Rice University.  
 
Daniel FisherDaniel Fisher (Moderator)
Senior Editor, Forbes Media

Daniel Fisher, CFA, is a senior editor with Forbes Media who covers finance and the law. He was Houston Bureau Manager for Forbes from 1999 to 2003, when he left Texas for a Knight Fellowship at Yale Law School. Before Forbes, he worked for Bloomberg News, The Houston Post and the Dallas Times Herald. He was also co-chair of the 2013 Yale Alumni in Energy Conference.
 
Panel: Future of Energy
 
Gregory BroussardGregory Broussard
Senior Energy Trader, Trafigura

Greg Broussard has recently taken a new position as a senior energy trader for Trafigura AG, a global leader in international commodities trading and logistics. Prior to joining Trafigura, Greg was a Director in Citigroup’s Global Commodities Group where he handled both trading responsibilities as well as client strategy and marketing roles.  In addition, he was responsible for the development and implementation of Citi’s commodity recruitment and training programs for incoming undergraduate and graduate talent. Greg began his capital markets career in New York with JPMorgan.  He spent 7 years at JPMorgan where he traded across multiple asset classes including foreign exchange, interest rates, emerging markets and commodities. Greg received his Bachelor of Business Administration in 1993 from Hankamer School of Business at Baylor University and received his MBA from Rice University’s Jesse H. Jones Graduate School of Management in 2001. In addition to his duties as an Admissions Counselor and VP of the Finance Club, Greg was CIO of the M.A. Wright Investment Fund which was the 2001 winner of RISE investment competition.
 
Gregory ReidGregory Reid
Managing Director, President, and CEO, Salient’s MLP Business

Gregory A. Reid is a Managing Director of Salient Partners, L.P., and serves as the President and CEO of Salient’s Master Limited Partnership (MLP) business. Salient manages approximately $2.2 billion in public MLP investments in both long-short and long-only strategies1. Mr. Reid and his team also actively invest in private MLP investments and other energy-related opportunities. Prior to being acquired by Salient, Mr. Reid served as the Founder and CEO of RDG Capital, LLC, a Houston-based asset and wealth management ¬firm specializing in MLP investments. Prior to that, he served as Senior Vice President of Merrill Lynch’s Private Banking and Investment Group. He began his career in the financial services industry with Goldman Sachs Private Wealth Management. Mr. Reid earned his undergraduate degree from Texas A&M University and later graduated from Northwestern University’s J.L. Kellogg Graduate School of Management with his Master of Business Administration (MBA). Mr. Reid is registered with the Financial Industry Regulatory Authority (FINRA) as a General Securities Representative (Series 7) and a General Securities Principal (Series 24). He is also registered with the National Futures Association (Series 3). Mr. Reid is a member of the Austin Chapter of Young Presidents’ Organization (YPO) and is active in his community through his involvement in various charitable organizations. Mr. Reid and his wife, Janelle, have one son and two daughters.
 
Gregory ReidArthur Smith, CFA
President and Managing Director, Triple Double Advisors

Art founded Triple Double Advisors, LLC in August 2007 after he completed the sale of John S. Herold, Inc. to IHS, the global information specialist. He serves as portfolio manager and oversees the firm’s energy research. From 1984 to 2007, Art was Chairman and CEO of John S. Herold, Inc. where he helped guide the growth of Herold into a widely-recognized independent authority in oil and gas research and consulting. From 1976 to 1984, he was an energy equity analyst with Argus Research Corp., The First Boston Corporation and Oppenheimer & Co., Inc. Art currently serves on the Board of Directors of PAA Natural Gas Storage, L.P. and Pioneer Southwest Energy Partners, L.P. Previously, he has served on the boards of Plains All American L.L.P., Pioneer Natural Resources, Cabot Oil & Gas Corporation, Evergreen Resources, Inc., Parker & Parsley Petroleum, the New York Society of Security Analysts, and was a past appointee to the National Petroleum Council. Mr. Smith received a BA from Duke University and a MBA from New York University’s Stern School of Business.
 
Gregory ReidEdward Hirs, CFA
Managing Director, Hillhouse Resources, LLC


Ed is Managing Director of the Hillhouse Resources team. He was most recently CFO of DJ Resources, Inc., an early leader in the Niobrara Play in the Denver-Julesberg Basin. At DJ Resources, he completed equity fundings, two bank financings, derivatives trading and operations, and the installation of public-company compliant accounting systems and audits. Ed managed the monetization of DJ’s assets in 2010, returning 8.2x cash investment to partners (10.2x cash at April 2013). Prior to joining DJ Resources, Inc., he ran Hirs & Company, a corporate finance advisory firm and successor to Niven Associates, where he focused on mergers and acquisitions. He has 30 years’ experience in finance and teaches the graduate and undergraduate courses in Economics of Energy at the University of Houston and chairs a national energy conference at Yale University. Ed began his career at Mobil Oil, and he worked at the US Department of Energy at the Office of Conservation and Solar Energy.
 
Welcome Remarks
 
Barbara Ostdiek, PhD, CFABarbara Ostdiek, PhD, CFA
Senior Associate Dean of Degree Programs, Rice University, Jones Graduate School of Business

Barbara Ostdiek is the Senior Associate Dean of Degree Programs and Associate Professor of Finance at Rice University’s Jones Graduate School of Business. A member of the Jones School faculty since 1994, Ostdiek has taught a variety of courses across all of the degree programs, most recently Portfolio Management and Economic Environment of Business, and she served for several years as the academic director of the El Paso Corporation Finance Center. Ostdiek received the Jones Graduate School Excellence in Teaching Award in 2001, 2004 and 2009. Her research, which focuses on investments and asset pricing, includes articles addressing characteristics-based investment strategies, optimal portfolio formation, and information flow and volatility within and across markets. Ostdiek publishes in top academic journals including the Journal of Finance, the Journal of Financial Economics, and the Journal of Financial and Quantitative Analysis. Ostdiek serves as audit committee chair on the board of trustees for the USAA Investment Management Company, is an independent member of Salient Partners Index Committee, and serves on the Academic Board of Alternative Investments Forum. She is a member of the Houston Livestock Show and Rodeo investment committee and serves on the board of directors of Musiqa. Ostdiek earned her B.A., summa cum laude, from the University of Nebraska in 1986 and her Ph.D. in finance from Duke University in 1994.
 
Ashvin Vibhakar, PhD, CFAshvin Vibhakar, PhD, CFA
Managing Director, Senior Advisor, CFA Institute

Dr. Ashvin P. Vibhakar, CFA, joined CFA Institute 1 September 2007. As managing director, Asia-Pacific Operations, Dr. Vibhakar was based in Hong Kong and was responsible for developing and implementing various operating strategies in the Asia Pacific region, including society relations, employer and university outreach, candidate recruitment and support, and member services. Dr. Vibhakar was most recently director of the Institute for Economic Advancement in the College of Business Administration at the University of Arkansas at Little Rock (UALR). His distinguished career included numerous academic roles, including dean of the College of Business Administration at UALR. He has held several board positions. To assume this new position, Dr. Vibhakar resigned his position as an elected member of the Board of Governors of CFA Institute, a role in which he also served on committees for Audit and Risk and External Relations and Volunteer Involvement. He also served in a number of other volunteer capacities for CFA Institute, including as a grader of CFA examinations for 11 years.

 

Event Information Title
2013 CFA Society of Houston Investor Symposium on the Financial Markets
Friday, November 8, 2013
7:00am - 5:00pm
McNair Hall, Rice University

Register Now   CFA Society Houston Logo
  Agenda     Speakers
7:00am  

Registration / Light Breakfast

8:00am  

Welcome Remarks: Future of Finance

8:30am  

Keynote: What Indicators to Watch for Signs of Recovery

9:25am  

Keynote on Equities: Sustainability in a Fat Tailed, Long Duration Backdrop
Keynote on Fixed Income: Implications of a Rising Rate Environment

10:30am  

Networking Break

11:00am  

Panel: Future of Alternative Assets

12:00pm  

Lunch / Keynote: Houston and How It is Good Place to Invest

1:30pm  

Keynote: Who Should Hedge Tail Risk?

2:30pm  

Panel: Future of Asset Allocation

3:30pm  

Networking Break

4:00pm  

Panel: Future of Energy

5:00pm  

Closing Remarks