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 Event Details Agenda Strategists Sponsors   

The event featured a sequence of four panels of four hedge fund strategists presenting
on each of the following subjects:

Equity Strategies    Event Driven & Credit Strategies    Arbitrage Strategies    Macro Strategies

HFR Industry Summit: Mid-Year 2008 Strategists

Rafael Berber
Managing Partner,
Chief Investment Officer
RP Capital
Prior to founding RP Capital Group in July 2004, Rafael built his career at Merrill Lynch, where he was employed since 1988. Since 1995, Rafael served as Global Head of the Equity Linked Products Group, headed Global Equity Trading and founded the Strategic Risk Group, was Global Co-head of Equity Linked Products, and lead European Equity Linked Sales, Trading and Origination. In 1993, Rafael initiated and established the European Equity Emerging Markets business across sales, research, and trading.

Rafael received an undergraduate degree in Economics from Tel Aviv University and an MBA in Finance (with distinction) from the Leonard N. Stern School of Business at New York University.

Roddy Campbell
Senior Fund Manager
RAB Capital
Roddy Campbell founded Cross Asset Management in 1998 and has been the manager of the RAB Cross Europe Fund since its inception that year. Cross Asset Management was acquired by RAB Capital plc in June 2005. Roddy began his career in the financial services sector with Hambros Bank in 1981. In 1984 he was a co-founder of the IFM Group, one of London's first hedge fund management companies. He became joint managing director in 1995 following American International Group taking a majority stake. Prior to establishing Cross AM Roddy was a director of SBC Warburg as a proprietary trader in UK and European equities and derivatives (1997-8).

Mark Darell-Brown
Director, CIO
RAB Capital
Mark Darell-Brown, Director, UK Equities and Chief Investment Officer ( Equities), joined RAB Capital in August 2001 and, along with Steven Thompson, is joint investment manager of the RAB UK Fund, lead manager of Elite-RAB UK Dynamic Fund and associated managed accounts. He was previously responsible for the management of UK equity fund portfolios on behalf of retail and institutional clients at Merrill Lynch Investment Managers (previously Mercury Asset Management), from 1993 to 2001, as well as managing the Merrill Lynch British Blue Chip Fund. In addition, Mark held research responsibilities across a wide range of UK equity sectors and was a member of the Pan European Asset Allocation Committee. Mark has a BSc from St Andrew's University and is FSA registered.

Peter Doyle
Chief Investment Strategist
Kinetics Advisers
Peter B. Doyle is Co-Portfolio Manager of the Funds and is primarily responsible for the day-to-day management of the Funds' assets and securities. In early 1996, Mr. Doyle, co-founded Kinetics. Mr. Doyle also co-founded Horizon Asset Management, Inc., a New York based investment management and research firm. From 1988 through late 1994, Mr. Doyle was an Investment Officer in Bankers Trust Company's Investment Services Group. Mr. Doyle received a Masters of Business Administration from Fordham University and a Bachelor of Science in economics from St. John's University.

Karen Finerman
Metropolitan Capital Advisors
Karen Finerman has been President of Metropolitan Capital Advisors, Inc., since 1992 when she co-founded the firm. Prior to June 1992, she was the Lead Research Analyst for the Risk Arbitrage department at Donaldson, Lufkin & Jenrette Securities Corporation. Prior to joining DLJ in 1990, Karen was a trader at First City Capital, a risk arbitrage fund for the Belzberg Family. Karen received a B.S. in Economics, from the University of Pennsylvania's Wharton School in 1987, with a concentration in Finance.

Karen is the Chairwoman of the Development Committee of the Michael J. Fox Foundation for Parkinson's Research and serves on its board. She is also a Trustee of the Montefiore Medical Center in the Bronx, N.Y. where she serves on their Investment Committee. Karen is the angel sponsor of the University of Pennsylvania's class of 2002 where she will match any gift the class contributes for their 5th Anniversary

Alexander Gorra
Head of the International Business and Member of the Investment Committee
ARX Capital
Alexander Gorra, a member of ARX’s Investment Committee, is responsible for International Business Development. Mr. Gorra was a partner at ARX Capital since 2006 (acquired by BNY Mellon in Jan 2008) where he was responsible for launching its international fund business. Mr. Gorra previously was responsible for UBS' Key Client business in Brazil (2001-2005). Additionally, Mr. Gorra was a Corporate Finance specialist in M&A and Capital Markets transactions at Rothschild (1996-2000) and JP Morgan (1994-1996).

Alexander graduated in 1994 from the Wharton School of Business.

David Winton Harding
Winton Capital Management
David Harding is one of the pioneers of trend following systematic trading in the UK. Winton Capital Management Limited (“Winton”) which he founded in 1997 is one of the largest CTAs in the world with assets under management of over $13.4 billion. Mr. Harding began his career in the financial industry in 1982 after graduating from Cambridge University with a First Class Honours degree in Natural Sciences specialising in Theoretical Physics.

In 1987, Mr. Harding co-founded Adam, Harding and Lueck Ltd (“AHL") a computerdriven, research-based CTA. Within 4 years AHL had grown into the UK’s largest CTA with more than $300 million under management. In 1989, ED&F Man PLC (“Man”), one of the largest distributors of futures funds internationally, acquired a 51% stake of AHL, purchasing the remainder in 1994. Mr. Harding remained with the Man group for a further 2 years, running Man Quantitative Research, an in-house advanced statistical research team. AHL is still the flagship fund of the Man Group which is now a FTSE 100 company.

Mr. Harding founded Winton in February 1997 with a commitment to statistical research into financial markets. Winton currently employs over 160 people including 88 PhDs and Masters Degrees at two specialist research campuses in Oxford and West London.

Kevin Harrington
Managing Director
Mr. Harrington directs the Manager’s research and analysis and is a member of the Investment Committee. Prior to joining Clarium in the spring of 2003, Mr. Harrington was a PhD candidate in physics at Stanford University, consulted for Stanford’s CISAC/Institute for International Studies on fissile materials protection and national infrastructure security, conducted mathematics research for the Department of Defense, and received a BS in mathematics and physics from the University of Idaho.

Luis D. Laboy
Managing Director,
Head of Latin American Strategies
Everest Capital
Luis D. Laboy, CFA, is a Managing Director and Head of Latin American strategies at Everest Capital, one of the longest established hedge fund advisory firms, where he is responsible for Latin American opportunities across the firm's portfolios.

Mr. Laboy has 12 years of experience in global emerging markets investment management and research. Prior to joining Everest Capital in 2002, Mr. Laboy was a global emerging markets portfolio manager and equity analyst with Dresdner RCM Global Investors. He also worked as an analyst at Santander Investments and Dresdner Bank Mexico in Mexico City.

Mr. Laboy earned a B.A. in Economics from the University of New Hampshire. He speaks fluent Spanish and conversational Portuguese.

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.

Claudio Macchetto
Director of Global Platforms
Paulson & Co.
Claudio Macchetto is the Director of Global Platforms for Paulson & Co., a New York based hedge fund management company, managing over $29B in assets across three fund families, the merger funds, the event driven funds and the credit opportunities funds.

Mr. Macchetto was previously the Product Manager for HedgeForum, Citigroup Alternative Investments' ("CAI") third party single manager hedge fund platform. Prior to creating HedgeForum, Mr. Macchetto was Chief Financial Officer of CAI's Funds of Hedge Funds business and had relationship management responsibilities related to several of the group's institutional investors with managed accounts. Mr. Macchetto moved into the CFO role after working as Head of Business Development for CAI.

Mr. Macchetto joined CAI after working as Vice President in Citigroup's Corporate Development team. Prior to this, Mr. Macchetto was First Vice President, Strategic Planning, Salomon Smith Barney, and Senior Associate with Booz Allen & Hamilton's financial services consulting practice.

Mr. Macchetto received an M.B.A. in Finance and Strategic Management from the Wharton School at the University of Pennsylvania in 1996 and a B.A. in Business Administration from Georgetown University, magna cum laude, in 1991.

Dominic Moross
Cotton Hall Asset Management
Prior to launching Cotton Hall Asset Management, LP in April 2006, Dominic Moross served as partner and portfolio manager of Tiedemann/Moross European Growth, a European long/short strategy, which he launched together with Tiedemann Investment Group in June 1997. Previously, Mr. Moross was employed at AIM Management Group Inc., where he served as a founding member and portfolio manager of the AIM International Group (1992-1997). He co-managed mutual funds worth approximately $8.5 billion in non-US equities, with prime management responsibility for the AIM Global Growth Fund.

Prior to becoming a portfolio manager, Mr. Moross served as a financial analyst and trader in European, Far East and Latin American markets. From 1990 to 1991 he worked as an international research analyst for AGB International Plc, a London-based market research company. Mr. Moross graduated cum laude with a B.A. from Princeton University.

Peter M. Schoenfeld
Chairman and CEO
Peter M. Schoenfeld, Chairman and Chief Executive Officer, founded PSAM in 1997. He served as Vice Chairman of Schroder Wertheim & Co. Inc. from 1989 through 1996 and was a member of the Firm’s Executive Committee since 1983. From 1986 to 1989 he served as Managing Director of Schroder Wertheim. In 1978, he assumed responsibility for the proprietary trading activities at Wertheim. In addition to overseeing the arbitrage and convertible securities area, he was a member of Schroder Wertheim’s Risk Management Committee. Prior to joining Schroder Wertheim, Mr. Schoenfeld managed the arbitrage department of White Weld & Co. for six years as First Vice President.

He received a B.A. from New York University in 1966, an M.B.A. 1968, and pursued post graduate studies through 1971. Mr. Schoenfeld is a Member of the Board of Overseers at New York University’s Stern School of Business.

John Stewart
Head of Japanese Equities
John joined Gartmore Japan as an investment manager on the Japanese Equities Team in 1995, and was promoted to Head of Japanese Equities in January 2000. John is the lead manager of The AlphaGen Hokuto Fund.

Prior to joining Gartmore, John worked for Prudential Portfolio Managers in London as a Japanese equity fund manager. He has been managing Japanese equity portfolios since 1992, and long/short strategies since 1999.

John graduated from Loughborough University in 1991 with a BSc Honours in Banking and Finance and is an associate member of the UK Society of Investment Professionals.

Philip Stoltzfus
Thayer Brook Partners
Philip Stoltzfus is the Chief Executive Officer of Thayer Brook Partners, a London based investment manager operating a non-discretionary managed futures strategy. The company's flagship product, The Thayer Brook Fund, invests in fixed income, foreign exchange and short term interest rate markets, and the firm will shortly be launching a global diversified strategy incorporating commodities, energies and stock indices.

Prior to establishing the firm in October 2005, Mr. Stoltzfus was responsible for Mizuho Corporate Bank's proprietary trading business, overseeing a group of 17 traders and analysts engaged in multiple fixed income and foreign exchange strategies. He developed a managed futures strategy as a diversification technique for the proprietary trading group in 1999, and implemented the model portfolio method now used by Thayer Brook Partners in April 2000.

Mr. Stoltzfus graduated with a BA from Princeton University in 1979.

Scott Watson
Principal and CIO
Forest Investment Management
Mr. Watson oversees all investment strategies and funds at Forest. He was responsible for the early development of the firm’s quantitative models. Mr. Watson is a member of the Forest Executive Committee, Investment Policy Committee and the Risk Management Committee.

From 1995 to 1999, Mr. Watson was a Senior Portfolio Manager at Stark Investments. Mr. Watson started his career at Merrill Lynch in the Financial Strategies Group prior to spending five years at MKI Securities as a convertible-trading specialist. Mr. Watson has a BA degree from Purdue University.

Michael Wexler
CIO, Founder
Maple Leaf Capital LLP
Michael Wexler, Chief Investment Officer, founded Maple Leaf Capital LLP and Maple Leaf Capital (Cayman) Limited in May 2002. Prior, he was at Credit Suisse First Boston in London for four years establishing and managing the single stock derivative trading group and then as a proprietary trader focusing on global single stock volatility and global correlation trading. He began his career in currency derivatives with Citibank Toronto and London trading Canadian dollar options, Japanese Yen exotic options, and Dollar/Euro options for five years.

Mr. Wexler graduated with distinction from the Richard Ivey School of Business at the University of Western Ontario, after winning a number of scholarships in the Actuarial Science Program.

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.

Guest Speaker, Arrival Reception: April 9, 2008

Tom Fenton
Tom Fenton, in his long journalistic experience as senior foreign correspondent for CBS News has reported on everything from the fall of the Shah of Iran that marked the rise of Islamic fundamentalism, to its latest manifestation in al Qaeda and the world-wide jihad movement. As the author of Bad News: The Decline of Reporting, the Business of News, and the Danger to Us All, he is now a leading critic of the journalistic failures that left America unprepared for 9/11, and of the mainstream media's continued addiction to a diet of shallow news and infotainment that has kept Americans still unprepared for a new and hostile world.

Fenton began his career as a foreign correspondent for CBS News in 1970; prior to that he reported for the Baltimore Sun, after an earlier career as an officer in the U.S. Navy. He was the first American TV correspondent to cover the freedom movement in Communist East Germany. During the 1980s he chronicled the collapse of communism throughout Eastern Europe and the Soviet Union. In the mid 1990s, he was stationed in Moscow, where he covered the chaotic transition to capitalism and the war in Chechnya.

His career as a foreign correspondent took him to nearly every major European and Middle Eastern story of the day-from the 1966 Six Day War to the wars in Afghanistan and Iraq. He has also covered hundreds of international summits, natural disasters, riots, the civil war in Northern Ireland, famine in Africa, the intifada in Palestine, the assassination of Indira Gandhi, the death of Princess Diana, and the new American war against terror.

Fenton is the recipient of four Emmy Awards, a Columbia University Dupont Award, a Georgetown University Weintal Award, and numerous Overseas Press Club awards for his reporting.

He is currently based in London, England, and works as a freelance commentator for BBC World and other media and writes a weekly web column at www.theworld.org.

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