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Agenda Sponsors    Strategists


HFR Industry Summit: Outlook 2011 Strategists

Enrique J. Abeyta
Founder and Managing Partner
360 Global Capital
Rick Abeyta is the Founder and Managing Partner of 360 Global Capital LLC, a global fundamental long/short equity hedge fund, founded in November 2007. 360 Global takes a global industry-centric approach to investing with a heavy emphasis on tactical trading and quantitative and qualitative risk management. The strategy focuses on seven specific industries (media, telecom, energy, utilities, industrials, materials and transports), known for their capital intensive structures, in large and medium cap securities. Research "edge" is driven by the extensive experience of the investment team in these specific industries. Although the strategy applies fundamental analysis, it also employs a comprehensive "360 degree" quantitative approach to risk management and maintains a full-time independent risk manager. The risk manager has significant software development capabilities and has developed internal systems utilizing proprietary models developed by Mr. Abeyta across the last decade.

Prior to founding 360, Rick was a Managing Member and co-Founder of Stadia Capital LLC, which was formed in November 2000. At Stadia, he and his partners managed more than $1.25bb and Rick was responsible for all investments in the capital intensive sectors of the portfolio of the Stadia Core Strategy managing investments of over $700mm. In addition, Rick also held the position of Chief Risk Officer and head of Marketing.

Prior to Stadia, Rick held various positions at Red Coat Capital, Atalanta/Sosnoff Capital, Lehman Brothers and Barings Securities (Japan) Limited dating back to the early 1990s. Rick graduated from the Wharton School at the University of Pennsylvania and a BA of Fine Arts in Japanese.

Ari Bergmann
Managing Principal
Penso Advisors, LLC

Mr. Bergmann is the lead Advisor and Portfolio Manager of the firm's asset management division. He advises the firm's clients on issues regarding systemic risk, derivatives structuring and special opportunities. Before founding the firm in 1997, Mr. Bergmann was a Partner and Senior Managing Director at Bankers Trust, where he headed the Risk Merchant Bank. From late 1993 until his departure in 1997, Mr. Bergmann headed the Transaction Development Group of Bankers Trust, a unit that he founded to integrate Bankers Trust's finance and derivative capabilities in order to offer enhanced corporate finance products to corporate clients. In this capacity, he led a team that created a derivatives structure which was widely used in the privatization of many large European companies and developed derivatives and trading strategies used by several corporations to implement strategic acquisitions. He was also a pioneer in creating and implementing the first swaps on hedge funds. Mr. Bergmann is a CPA in the state of Maryland.

He holds a MA in Liberal Studies and an M.Phil from Columbia University. He is currently a PhD candidate in Comparative Religion from Columbia University.

Andrea S. Feingold, CFA
Co-founder, Investment Principal
Feingold O'Keeffe Capital, LLC

Ms. Feingold is Co-founder, Investment Principal of Feingold O'Keeffe Capital, LLC, a credit focused alternative management firm. Ms. Feingold has 22 years of investment experience. Prior to founding the company, Andrea was Co-head of High Yield at PIMCO where she managed $3 bn in high yield assets. Earlier, she ran the leveraged credit team at Triumph Capital, a private equity firm, and from 1991-1998, was responsible for all high yield investments at Colonial Management, a Boston-based fund company. Andrea worked as a Private Placement Analyst at SunLife of Canada and began her career in the commercial bank credit training program at EAB, now part of Citigroup.

Feingold O'Keeffe Capital, LLC was co-founded in 2001 by Andrea Feingold and Ian O'Keeffe, former PIMCO Head of High Yield Trading. The firm's core strategies are long short credit and distressed senior loans. Intense fundamental research is the cornerstone of all investments, supported by the experience of the Co-founders who have worked together since the early 1990s managing credit assets.

Ms. Feingold graduated with a BA in Economics Cum Laude from Columbia University. She currently serves as Treasurer on the National Board of Directors for Year Up, a non-profit organization empowering urban young adults to reach their potential.

Josh Fink
Enso Capital Management

Josh is the founder, CEO and Chief Investment Officer of Enso Capital Management, an investment management firm that invests in both public and private companies globally. Enso sources unique, alpha-generating, longer-term investment opportunities in differentiated industries around the world through rigorous primary research, intensive travel and proprietary networks. Prior to founding Enso in July 2002, Mr. Fink was a Managing Director at Argonaut Capital Management, where he operated as both a portfolio manager and an analyst. Mr. Fink has also held positions at Tiger Investment Management and Morgan Stanley Asset Management. He holds a B.A. from the University of Pennsylvania.

Renee Haugerud
Managing Principal / CIO
Galtere Ltd.

Renee Haugerud is the Founder, Chief Investment Officer and Managing Principal of Galtere Ltd., a registered investment advisor that manages in excess of $1 billion across several commodity-focused products. Its flagship commodity-based global macro strategy draws upon an array of markets and instruments to express real-asset-driven themes, using fundamental analysis for portfolio composition and proprietary technical value zones for trade implementation. Ms. Haugerud is noted for her profile and theme investment strategy as well as her disciplined approach to macro investing.

Throughout her thirty-year career, Ms. Haugerud has acquired expertise across all asset classes, through posts in the U.S., Canada, the U.K., Switzerland, Australia, and Hong Kong. She began her tenure in financial markets by trading cash commodity markets in the United States and Canada for Cargill Inc. and Continental Grain. Her interests in the relationship between financial markets and geopolitics led to her first international post in Geneva Switzerland, where she ultimately served as Cargill’s Foreign Exchange Trading Manager. During her 13-year career at Cargill, Ms. Haugerud developed expertise in a broad and diverse range of securities by assuming the positions of Manager of the US Fixed Income trading desk, Minneapolis, MN; Financial Division Manager of the Melbourne Australia Office; board membership of Cargill Australia; and finally Vice President/Structural Trading Manager at Cargill’s corporate headquarters in Minneapolis, MN. Following her years at Cargill, Ms. Haugerud managed proprietary trading desks at institutions including Natwest Markets in Hong Kong and Hunter Douglas N.A. in the U.S.

Ms. Haugerud’s insight into how global markets are affected by the psychology and relationships of macroeconomic trends makes her a sought-after speaker and panelist at global investment events. Ms. Haugerud has been interviewed on CNBC, CNN and the PBS Nightly Business Report, and has also been profiled in Barron’s, eFinancial News, Forbes Magazine, ForbesLife Executive Woman, MAR Futures, Time and Trader Monthly. She is active in the community of women and business leaders, and an active advocate for numerous global education initiatives.

Stephen Hope
Founder and Managing Member
Outrider Management, LLC

Stephen Hope is the founder and managing member of Outrider Management, LLC. Outrider is an SEC-registered investment advisor that specializes in high-yield and distressed corporate debt in the global emerging markets. The firm was launched in 2004 and is based in San Francisco. Mr. Hope has been investing in emerging market debt for over 15 years, beginning as a currency and arbitrage trader before identifying distressed debt as an area of particular opportunity. Mr. Hope has negotiated debt restructurings both directly and through creditor committees in dozens of situations across Latin America, Eastern Europe, and Asia. Outrider employs fundamental enterprise value-driven analysis and overlays political and currency risk considerations when identifying investment opportunities. Overvalued debt and equities that are discovered through Outrider's research process are used as short positions to hedge against market risk and enhance return.

Mr. Hope holds an A.B. in Economics from Princeton University.

For conference attendees interested in meeting with Outrider Management, please contact Rob Hutchinson at rsh@outridermanagement.com

T. Michael Johnson
Senior Vice President of Investor Relations
Paulson & Co.
T. Michael Johnson is Senior Vice President of Investor Relations for Paulson & Co., a New York based hedge fund management company, managing over $29.5B in assets across four fund families; the merger funds, the event driven funds, the credit opportunities funds and the recovery funds.

Mr. Johnson was previously a Director of Citigroup Private Equity ("CPE") primarily responsible for fundraising and client education among institutional and high net worth clients. Prior to joining CPE, Mr. Johnson worked as a Vice President, Corporate Development for iVillage.com (a media company), an investment banker at Salomon Smith Barney, and corporate restructuring and commercial litigation attorney at Anderson Kill & Olick LLC.

Mr. Johnson received a M.B.A. from Harvard Business School, a J.D. from the University of Michigan Law School, and a B.A. in Political Science from Boston College, where he graduated summa cum laude and a member of Phi Beta Kappa.

Odell Lambroza
Portfolio Manager
Advent Capital Management
Mr. Lambroza serves as Manager of Alternative Investments and Co-Portfolio Manager of the Advent Convertible Arbitrage Strategy and Advent Global Opportunity Strategy.

Prior to joining Advent in 2001, Mr. Lambroza was Managing Director of the Convertible Securities Department at SG Cowen, where he managed the trading desk and ran the sales effort. He was instrumental in launching US-focused investment banking for convertible issuance. Mr. Lambroza also managed the convertible sales and trading departments at HSBC Securities and Bankers Trust. He began his career in the Convertible Securities Department at Merrill Lynch, where he spent nine years working with Mr. Maitland, the founder and CIO of Advent.

He graduated from Cornell University with a degree in Computer Engineering.

Michael Liu
Managing Director
Ajia Lighthorse Asset Management

Under the leadership of Shawn Kang, CIO and lead portfolio manager, Michael is the co-portfolio manager and a key member of the investment committee for the Ajia Lighthorse China Growth Fund. Michael is responsible for portfolio construction using proprietary quantitative models. In addition, Michael also oversees the risk control aspects of the portfolio. Prior to Ajia Lighthorse Asset Management, Michael was a Senior Vice President at Morgan Stanley Dean Witter, and prior to that, a Vice President at Merrill Lynch Investment Management.

Michael has over 15 years of investment experience, both in US and in China. Michael holds a MS degree from the University of Maryland, and both a MS and BS from Shanghai Jiaotong University.

Marc H. Malek
Founder & Portfolio Manager
Conquest Capital Group LLC

Mr. Malek began his career in 1992 at Salomon Brothers in New York as a financial analyst in the Financial Strategy Group. Following Salomon, he worked at a $400 million hedge fund and financial advisory firm designing trading systems and trading currency options. Mr. Malek joined UBS in 1995, where he held various senior level positions within the foreign exchange department at UBS in New York, London, and Tokyo. He was the worldwide head of the Exotic FX Derivatives Group, and by the time he left the bank in 1998, he held the post of Executive Director in charge of FX Proprietary Trading in Europe. Following UBS, Mr. Malek was a principal in Avalon Asset Management where he was the Co-Portfolio Manager of The Enterprise Fund, a CTA. In 2001, Mr. Malek founded Conquest Capital Group where he continued his role as Portfolio Manager and launched Conquest Macro.

Mr. Malek has been a significant publisher of original industry research on a breadth of topics including Trend following as a Long Volatility Strategy and the relationship between Volatility and CTA Returns. Mr. Malek graduated with Honors from the California Institute of Technology ("Caltech") with a Bachelor of Science in Engineering and Applied Science, and holds a Bachelor of Arts in Mathematics from Reed College.

Ralph Nacey
WestSpring Advisors, LP

Mr. Nacey is a Principal of WestSpring Advisors, LP. Previously, he was Chief Investment Officer of Brigadier Capital Management, LLC. Prior to Brigadier, Mr. Nacey worked for Merrill Lynch, where he headed two different business efforts. First, Mr. Nacey built a North American derivatives structuring desk. Second, he headed a long/short proprietary trading effort that focused on corporate credit and structured finance. Prior to Merrill Lynch, Mr. Nacey worked at Credit Suisse First Boston in the Investment Banking Division, where he worked on M&A, debt, and equity offerings. Mr. Nacey also worked in the North American Structured Credit Products Group as a lead structurer working on new products.

Prior to CSFB, Mr. Nacey was a Captain in the United States Army. Among his assignments and qualifications were Executive Officer of Delta Battery 319th, 1-508th ABCT (Airborne Battalion Combat Team), Ranger, Airborne, and Senior Parachutist. Mr. Nacey earned a B.S. at the United States Military Academy at West Point, with a major in Physics and a minor in Nuclear Engineering.

George Papamarkakis
Managing Partner
& Chief Investment Officer
North Asset Management, LLP

George is a co-founder, Managing Partner and Chief Investment Officer at North Asset Management ("North"). George manages North's flagship fund the MaxQ Fund, an uncorrelated alpha macro fund, which in 2009 was placed at No. 29 in the world's top 100 best performing hedge funds as determined by Barrons. Formerly George was Managing Director at Morgan Stanley within the Fixed Income Department. George was instrumental in developing Morgan Stanley's proprietary trading franchise and risk profile in derivatives, fixed income and foreign exchange in the European time zone. Over his six years at Morgan Stanley, George was one of the most consistently profitable traders globally for the firm, and his success was reflected in his position as one of the youngest-ever elected Managing Directors in Morgan Stanley's history. Prior to working at Morgan Stanley, he worked at Vereinsbank AG and Christiania Bank.

George studied Political Science and International Relations at University of Athens, Law Department.

Gregory A. Reid, CIMA
RDG Capital LLC

Gregory A. Reid is CEO and CIO of RDG Capital, a Houston-based investment management firm specializing in Master Limited Partnership (MLP) investments, and serves as the Co-Portfolio manager of RDG’s MLP business. RDG manages approximately $250 million in public MLP investments in both long-short and long-only strategies. Mr. Reid and his team also actively invest in private MLP investments and other energy-related opportunities.

Prior to forming RDG, Mr. Reid served as Managing Partner of Telemus Capital Partners and 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 in New York City and Houston.

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). Additionally, Mr. Reid earned his Certified Investment Management Analyst (CIMA) designation from the Wharton School at the University of Pennsylvania. 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).

Mr. Reid is a member of Young Presidents’ Organization (YPO) and is very active in his community through his involvement in various charitable organizations.

Mr. Reid and his wife Janelle have one son and two daughters.

Trey Reik
Chief Investment Officer
Bristol Investment Partners LLC

Mr. Reik serves as Chief Investment Officer of Bristol Investment Partners LLC and Portfolio Manager to all customer accounts. After seven years of investing in gold markets through limited partnerships, Mr. Reik determined separately managed accounts with modest fees represent optimal vehicles for gold investing.

From January 2006 through November 2008, Mr. Reik served as Strategist to Apogee Gold Fund, LLC and Apogee International Gold Fund, Ltd. Additionally, Mr. Reik served as Chief Economic Officer of Apogee Global Advisors, Inc. Mr. Reik's investment-related activities included macroeconomic research and formulation of internal forecasts for gold bullion.

Mr. Reik was the founder and portfolio manager of Clapboard Hill Partners, L.P., launched February 2002. Clapboard was a long/short equity partnership focused primarily on precious metal equities and financials. Clapboard Hill Partners merged into Apogee Gold Fund in the first quarter of 2006. Mr. Reik served as Senior Managing Director of Carret Securities, LLC (2000-2006) and held investment positions at Prudential Securities (1996-2000), Smith Barney, Inc. (1993-1996), William D. Witter, Inc. (1991-1993), Mitchell Hutchins Asset Management, Inc. (1984-1991), and Security Pacific National Bank (1982-1984). Mr. Reik has 28 years of investment experience. Mr. Reik graduated from Pomona College in 1982 with a B.A. in Economics.

Ronald Yee
Co-Portfolio Manager
Symphony Asset Management, LLC
Mr. Yee, Co-Portfolio Manager, is a member of the fixed-income team and his responsibilities include portfolio management and trading for Symphony’s convertible arbitrage strategies and credit and equity research for its fixed-income strategies. Prior to joining Symphony in 2003, Mr. Yee was an Associate at Silverback Asset Management, a convertible arbitrage firm, and worked at Morgan Stanley as a Manager in the credit derivatives controllers group. Mr. Yee also worked as a consultant in PricewaterhouseCoopers' financial advisory services group.

Mr. Yee received an MBA from Duke University's Fuqua School of Business and a BBA in accounting from The College of William and Mary. Mr. Yee passed the Certified Public Accountant examination.

David T. Young
Director of Distressed Investments
Courage Capital Management
Prior to joining Courage in 2008, Mr. Young was an Associate at Perella Weinberg Partners LP. Mr. Young was one of the founding professionals of Perella Weinberg Partners' restructuring group. Prior to Perella , Mr. Young was a Senior Analyst and founding professional at Kramer Capital Partners, an investment banking firm that provided financial advisory services to constituents in a broad range of restructuring and corporate finance transactions. Prior to Kramer Capital, Mr. Young co-founded Riverbend Capital Group, a quantitative market neutral hedge fund. Mr. Young started his career as an Analyst at Houlihan Lokey Howard & Zukin where he was involved in a variety of merger and acquisition and financial restructuring transactions.

Mr. Young received a B.S. in Commerce with concentrations in finance and international business from the McIntire School of Commerce at the University of Virginia.

Informational Speaker, Day One Evening Reception

Marvin Zonis
Professor Emeritus
the Graduate School of Business
The University of Chicago

At Chicago's Business School, Zonis teaches courses on International Political Economy, Leadership, and E-Commerce. He was the first professor at the Business School to teach a course on the effects of digital technologies on global business. He also consults to corporations and professional asset management firms throughout the world, helping them to identify, assess, and manage their political risks in the changing global environment. Zonis is a co-founder and Chairman of DSD, a software development company based in Moscow and Chicago. He is a member of the Board of Directors of CNA Financial, the global insurance and financial services firm, the Board of Directors of Go2Call, a VoIP company, the Board of Advisors of Syntek, a European Private Equity Venture Capital Firm focusing on TMT. He is a member of the Comptroller General’s Board of Advisors of the General Accountability Office of the U.S. Government, a Fellow of DiamondCluster International, a global technology consulting firm, a member of the Board of Directors of the Fondation Etats Unis, Paris and the Board of Advisers of the Centre for Business Management, Queen Mary University of London.

What unites these activities is Zonis' unique awareness of the intersections of politics, economics, and emergent technologies. He argues that accelerating technological developments drive globalization both economically and politically. Economically, cross border financial flows and business outsourcing to lower cost countries, for example, are major factors driving the global economy. Politically, country instability and terrorism, for example, are major factors driving global politics. The intersection of these and other forces, such as demography, determine prospects for economic growth and business success. In the face of these global challenges, business leadership, and a true understanding of what defines leadership, is more essential than ever.

Zonis has written extensively on globalization, digital technologies, emerging markets, Middle Eastern politics, the oil industry, Russia, and U.S. foreign policy. He is a leading authority on the Middle East, and has spent the last 40 years studying the volatile mix of Islam, terrorism, and the Middle East. He is the former director of the Center for Middle Eastern Studies at the University of Chicago. He has lived in Iran, hitchhiked through Afghanistan in the 1960s, studied Islam in Iraq beginning in 1964, and has traveled extensively throughout other parts of the region, as well.

He was educated at Yale University, the Harvard Business School, the Massachusetts Institute of Technology, where he received a Ph.D. in Political Science, and the Institute for Psychoanalysis, Chicago, where he received psychoanalytic training.

Informational Speaker, Day One Lunch Break

Dr. Joseph A. Tainter
Professor of Sustainability
Department of Environment and Society
Utah State University

Joseph A. Tainter is Professor of Sustainability in the Department of Environment and Society, Utah State University, having previously served as Department Head. He received his Ph.D. in Anthropology from Northwestern University in 1975. Dr. Tainter worked on issues of sustainability before the term became common, including his highly-acclaimed book The Collapse of Complex Societies (Cambridge University Press, 1988). He is co-editor of The Way the Wind Blows: Climate, History, and Human Action (Columbia University Press, 2000), a work exploring past human responses to climate change. With T. F. H. Allen and Thomas Hoekstra he wrote Supply-Side Sustainability (Columbia University Press, 2003), the first comprehensive approach to sustainability to integrate ecological and social science. Dr. Tainter has taught at the University of New Mexico and Arizona State University. Until 2005 he directed the Cultural Heritage Research Project in Rocky Mountain Research Station.

Dr. Tainter's sustainability research has been used in more than 40 countries, and in many scientific and applied fields. Among other institutions, his work has been consulted in the United Nations Environment Programme, UNESCO, the World Bank, the Rand Corporation, the International Institute for Applied Systems Analysis, the Beijer Institute of Ecological Economics, the Earth Policy Institute, and the Technology Transfer Institute/Vanguard. Dr. Tainter has been invited to present his research at the Getty Research Center, the University of Paris (Panthéon-Sorbonne), the Royal Swedish Academy of Sciences, and many other venues. His research has been applied in numerous fields, including economic development, energy, environmental conservation, health care, information technology, urban studies, and the challenges of security in response to terrorism. He appears in the film The 11th Hour, produced by Leonardo DiCaprio, Leila Conners Petersen, Brian Gerber, and Chuck Castleberry, and in the ABC News special Earth 2100. Dr. Tainter's current research focuses on sustainability, energy, and innovation.

HFR Group

Joseph G. Nicholas
CEO, Founder and Chairman
HFR Group L.L.C.
Joseph G. Nicholas is Founder and Chairman of HFR Group L.L.C. and its affiliated companies. The HFR companies specialize in alternative investments, providing investment products and advisory and research services. HFR Group includes HFR Asset Management, L.L.C., an SEC Registered Investment Adviser based in Chicago, with offices in London and Tokyo, specializing in fund of funds management, index funds management, product structuring, trading manager selection and risk management; and Hedge Fund Research, Inc., the industry's leading supplier of data and research on hedge funds, specializing in the construction and management of hedge fund indices. Mr. Nicholas is author of several books on investing in Hedge Funds and Fund of Funds Investing (Bloomberg Press). Mr. Nicholas received a Bachelor of Science degree in Commerce from DePaul University and a Juris Doctor degree from the Northwestern University School of Law.

Kenneth J. Heinz
Hedge Fund Research, Inc.
Kenneth J. Heinz, CFA is the President at Hedge Fund Research, Inc., a research firm specializing in the aggregation, dissemination and analysis of alternative investment information. Kenneth has contributed broadly & extensively to print, electronic and live financial media sources which include CNBC, Bloomberg, Wall Street Journal, Financial Times, Dow Jones and various hedge fund industry specific publications. Prior to assuming the role of President, Kenneth had been with HFR Asset Management since 2002, most recently as Manager of the Investment Management Division. Prior to joining HFRAM, he had over 5 years of experience as a trading member of the Chicago Mercantile Exchange and the Chicago Board of Options Exchange. Kenneth has a MBA from the University of Chicago with a concentration in Finance, Statistics and Econometrics, as well as a Bachelor's Degree in Finance from the University of Illinois; he maintains the designation of Chartered Financial Analyst.

Note: Additional panelists to be announced soon

For questions regarding the Event please contact HFR at summit@hfr.com


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