the most influential investors in global macro - IIR

Clear direction from leading investors and global macro hedge funds on
how to manage the risk and profit from global dislocations
3.30 pm
Afternoon networking break
4.00 pm
How to Evaluate a Global Macro Manager – How is Alpha Created?
Flexibility and tactical asset allocation; top-down investment style and
macroeconomic focus; global opportunity set; aversion to less liquid credit
and other non liquid investments; and low “participation risk” in crowded
trades. All of these factors have been attributed to the creation of alpha in the
global macro strategy. But how can an investor discern the source of alpha
attributable to a specific manager? This session draws on the expertise of
experienced investors to answer this very question.
Mark Enman, Head of Global Macro,ÊMAN INVESTMENTS
Christopher Vogt, Portfolio Manager, Hedge Funds, ALLSTATE INSURANCE
CORPORATION
4.45 pm
Risk Management in a Global Macro Portfolio
This session will focus on the key challenges inherent in managing the
risk within and across global macro portfolios with particular focus on the
practicalities of integrating the top down views consistently, measuring and
monitoring the use of leverage and counterparty risk and evaluating the
independence of the risk management function.
5.30 pm
Close of Global Macro Investing Summit
KEYNOTE SPEAKERS
Dr. Willem Buiter, Managing Director and Chief Economist, CITI
Willem Buiter CBE, FBA, is Chief Economist of Citi since January 2010. His
previous appointment was Professor of Political Economy at the LSE. He has a BA
from Cambridge and a Ph. D. from Yale. He has held academic appointments at
Princeton, the University of Bristol, the LSE, Yale and Cambridge. He has published on
macroeconomics, monetary and exchange rate management, financial markets and
institutions, fiscal policy, social security reform, economic development, emerging
markets and transition economics. He was a member of the Monetary Policy
Committee of the Bank of England from 1997 till 2000 and Chief Economist and
Special Counselor to the President at the EBRD from 2000 till 2005. He has been an
advisor to the IMF, the World Bank, other multilateral institutions, national governments
and central banks. He has been a Senior Advisor to Goldman Sachs International and a
member of the Academic Advisory Board of APG Investments. He wrote Maverecon, an
economics blog, for the Financial Times.
Michael Novogratz, Principal and Director, FORTRESS INVESTMENT GROUP LLC
Michael E. Novogratz is a principal and has been a member of the Board of Directors
of Fortress Investment Group LLC since November 2006. Mr. Novogratz has been a
member of the Management Committee of Fortress since March 2002. Mr. Novogratz is
responsible for the liquid hedge fund business, which includes running the Drawbridge
Global Macro Funds. Prior to joining Fortress in March 2002, Mr. Novogratz spent
eleven years at Goldman, Sachs & Co., where he became a partner in 1998. Mr.
Novogratz held the positions of President of Goldman Sachs Latin America and the
head of Fixed Income, Currencies and Commodities Risk in Asia, where he lived from
1992 to 1999. Mr. Novogratz received a B.A. from Princeton University, and served as
a helicopter pilot in the U.S. Army.
Kenneth S. Rogoff, Thomas D Cabot Professor of Public Policy, Department of
Economics, HARVARD UNIVERSITY
Kenneth Rogoff is Thomas D. Cabot Professor of Public Policy and Professor of
Economics at Harvard University. From 2001-2003, Rogoff served as Chief Economist
and Director of Research at the International Monetary Fund. He is also a former
Director of the Center for International Development at Harvard. Rogoff’s treatise
Foundations of International Macroeconomics (joint with Maurice Obstfeld) is the
standard graduate text in the field worldwide, and his monthly syndicated column
on global economic issues is published regularly in over 50 countries. He is on the
Economic Advisory Panel of the Federal Reserve Bank of New York and the Central
Bank of Sweden. His recent book with Carmen Reinhart, This Time is Different: Eight
Centuries of Financial Folly (Princeton University Press), builds on a massive new data
set covering 66 countries and 800 years. The book (a New York Times and international
bestseller) shows the remarkable quantitative similarities across time and countries in
both the run-up to, and the aftermath of, severe financial crises.
Hari N. Hariharan, Chairman and Chief Executive Officer,
NWI MANAGEMENT LP
Mr. Hari N. Hariharan is the Chairman & CEO of NWI Management LP. NWI is a New
York based hedge fund group with a long and consistent track record of investing in
emerging markets fixed income and global macro themes. This includes a global macro
fund, an emerging market fixed income fund and a special credit situations fund. The
group originally started as Santander New World Investments Group in 1993 and was
spun off in April 1999. NWI presently manages assets around $1.5 billion. Until May
1993, Mr. Hariharan was a senior executive at Citibank N.A. where his last role was
as a Senior Managing Director and Division Executive of the International Corporate
Finance Division which specialized in emerging economies. In 1994 and 1995, he
was selected by Global Finance Magazine as one of the 100 Superstars in Emerging
Markets Globally. Crain’s New York Business Magazine chose him as one of New York’s
best and brightest “under 40” executives in 1993.
THE MOST INFLUENTIAL INVESTORS IN GLOBAL MACRO
Timothy Crowe, CFA, CEO, ANCHOR POINT CAPITAL, LLC
Timothy Crowe, CFA Partner and Chief Executive Officer Timothy J. Crowe is a principal
and chief executive officer of Anchor Point Capital, LLC. The firm, founded in 2005,
designs, constructs and manages multi-manager hedge funds for private and public
institutions, family offices and wealthy individuals. The firm is headquartered in Coral
Gables, Florida.
Mark Enman, Head of Global Macro, MAN INVESTMENTS
Mark Enman is Head of Global Macro for Man Investments’ multi-manager business
and is based in New York City, New York, USA. Prior to joining Man in 2008, Mark
worked at Arden Asset Management, a New York-based fund of hedge funds.
Previously, Mark was Global Head of USD Rates trading at Dresdner Kleinwort. Mark
also spent 14 years in senior trading roles at Merrill Lynch and began his career in
fixed income trading at Chemical Bank.
Tony Gannon, Founder & Chief Executive Officer, ABBEY CAPITAL
Tony Gannon is the Founder and CEO of Abbey Capital, a leading alternative investment
firm focused on managed futures and foreign exchange. Founded in 2000, Dublin
based Abbey Capital allocates over $2.5 billion to the Commodity Trading Advisor
(CTA) sector through its multi-manager, managed accounts platform. Through its ACL
Alternative and Global Macro programs, Abbey Capital provides portfolio construction
and risk management services to pension funds, foundations, endowments, major
private banks, multifamily offices and charities, across Europe, the U.S. and Asia.
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