Professional Documents
Culture Documents
INVESTORS
14%
HEDGE FUNDS
44%
• 98% of last year’s attendees rated this event “excellent” or “very good”
• To give you a ‘taste’ of who you might expect to meet at the Symposium, here is a selection of
some of the companies that attended last year. We expect to have a similar audience this year.
MFA discount
We are delighted to give members of the Managed Funds Association a 10% discount. The MFA is the
voice of the global alternative investment industry. Its members are professionals in hedge funds, funds
of funds and managed futures funds, as well as industry service providers. MFA is headquartered in
Washington, D.C., with an office in New York. For more
information, please visit: www.managedfunds.org
For a full list of companies that attended in 2008, visit www.absolutereturnsymposium.com
Day 1 Tuesday November 3, 2009
Program*
Advisory board:
We are proud to have the following industry leaders advise us on the program:
▼
Macro players debate whether the developed world is in an irreversible decline – and how to
play it.
Some macro funds managed to thrive during the recent economic turmoil – by making correct calls
on the direction of currencies, commodities, equities and interest rates. Now that emerging markets
seem less affected by the crisis than was initially expected, what are the best ideas going forward?
4.45 – 5.45
Speakers include:
Kyle Bass, Hayman Advisors
John Burbank, Passport Capital
Jim Melcher, Balestra Capital
Peter Thiel, Clarium Capital
5.45 Cocktail reception – 583 Park Avenue
Awards
Absolute Return + Alpha
Absolute Return
2009
U.S. HEDGE FUNDS IN 2009?
Find out at the Absolute Return Awards – November 2. New York.
Nominations have been announced. See inside back cover of this brochure.
www.absolutereturnawards.com
Day 2 Wednesday November 4, 2009
Program*
Our events are renowned for their strong content, which unlike many other conferences, is put together
by editors who are closely linked to the industry. The experienced and dedicated journalists of AR: Absolute
Return + Alpha ensure that the Symposium covers only the most important topical issues to the industry.
Neil has over 20 years of experience as a financial journalist. He has overall responsibility
for the editorial content of EuroHedge, AsiaHedge, InvestHedge, and AR: Absolute Return +
Alpha, as well as their associated online weekly news services, special reports and events.
• J Kyle Bass is the principal of Hayman Advisors, an SEC registered investment advisor. Hayman
Advisors serves as the investment manager to the Hayman Capital Master Fund, a global macro
fund based in Dallas. Kyle is also a member of Hayman Municipal Strategies and Hayman Woods.
• Kyle featured in CNBC’s documentary House of Cards concerning his investment analysis of the
subprime crisis and the two funds that he co-managed, Subprime Credit Strategies Fund, and
Subprime Credit Strategies Fund II. In September 2007, he testified as an expert witness before the House
of Representatives Financial Services Capital Markets Subcommittee. Kyle is also a director of the ABS Credit
Derivatives Users Association.
• Kyle graduated with honors with a Bachelor of Business Administration in Finance and Real Estate Finance
from Texas Christian University in May 1992.
• John Burbank is the founder, managing member and chief investment officer of Passport Capital,
LLC, a San Francisco based, global hedge fund.
• The firm manages approximately $2.1 billion in assets. Passport’s investment process uses a com-
bination of macroeconomic analysis to develop major themes and rigorous fundamental research
on individual companies to create global portfolios. The investment team focuses on the following
industry sectors: Basic Materials, Energy, India, Global Capital Markets, Internet/Technology, Global
Consumer, Healthcare/Biotechnology and Subprime Mortgage CDS.
• John has over a decade of experience investing in global equity markets. Prior to founding Passport Capital
in 2000, he was a consultant to JMG Triton Offshore, Ltd., a $1 billion market neutral arbitrage fund. From
1996 to 1998, he was the director of research at ValueVest Management. John holds a B.A. degree from Duke
University and earned a M.B.A. degree from the Stanford Business School.
• Frank Brosens is a co-founder of Taconic Capital Advisors, a multi-strategy firm primarily focused on
event investing in the Americas and Europe with assets under management exceeding $6 billion. He
is primarily involved in management and risk control, and oversees Taconic’s investment activities.
• Frank spent 15 years at Goldman, Sachs & Co., where he was a general partner. While at Gold-
man, Sachs & Co., he was head of the risk arbitrage area, the stock options business, the equity
derivatives area, the Japanese warrants business (which he co-founded), as well as co-head of the energy trad-
ing business. He also served on several of the firm’s principal investment committees. Frank serves as a director
of the Princeton University Investment Company. He formerly served as Chairman of the Board of the Northern
Westchester Hospital.
• Frank received a B.S.E. in Mechanical & Aerospace Engineering, magna cum laude, from Princeton University
in 1979, where he was elected to Phi Beta Kappa. He is married and has four boys.
• Eddie Fishman is the managing director in charge of investor relations for the D. E. Shaw group’s
alternative investment platform, and participates in the development of the firm’s private equity
business strategy.
• Prior to joining the D. E. Shaw group in 1995, Eddie served as an equity research analyst at the
Spanish investment firm A.B. Asesores, now a unit of Morgan Stanley & Co. Inc. He has been en-
gaged in a number of business development activities at the firm and formerly had management responsibility
for a multi-manager portfolio the firm once advised and shared responsibility for the operations of D. E. Shaw
Research, which focuses on the conceptualization, early-stage development, and financing of technology-
oriented ventures.
• Eddie graduated with honors from Princeton University with a degree in Comparative Literature.
MICHAEL P. HENNESSY, MORGAN CREEK CAPITAL MANAGEMENT
▼
• Michael P. Hennessy is a co-founder and managing director at Morgan Creek Capital Management.
Morgan Creek provides investment services based on the University Endowment model of
investment management. Morgan Creek is a joint venture partner with Salient Partners and Hatteras
Partners. Total assets are roughly $9 billion.
• Prior to forming Morgan Creek in 2004, Mike was vice president and co-founder of UNC
Management Company (University of North Carolina at Chapel Hill). Prior to joining UNC in 1999, he was an
investment director at Duke Management Company (Duke University). Before joining Duke in 1991, Mike was
an associate at Smith Breeden Associates, a quantitative investment management firm.
• Mike received his M.B.A. with a concentration in Finance from the Fuqua School of Business at Duke Uni-
versity, and holds a B.S. in Philosophy, Psychology and Mathematics from the College of William and Mary in
Williamsburg, Va. He is treasurer of Duke University Federal Credit Union, a member of the Carolina Friends
School Board of Trustees, chair of the Carolina Friends School Investment Committee, and a member of the
College of William & Mary Foundation Board of Trustees and its Investment Committee.
• Daniel Loeb is the chief executive officer of Third Point LLC, an event-driven hedge fund with
$2.2 billion assets under management. Over its 14 year history, the fund has produced 20.2%
net annualized returns.
• Before launching the fund in 1995, Daniel spent over a decade on Wall Street, gaining dedi-
cated experience in distressed debt, high-yield credit, and risk arbitrage.
• Daniel is an avid surfer and tri-athlete and resides in New York City with his wife and children.
• Rishi K Narang is the founding principal of Telesis Capital, LLC and manages Telesis’ investment
activities. He founded Telesis Capital, LLC in January 2005.
• Telesis manages a multi-advisor portfolio of liquid alpha strategies ($65 million AUM), with a focus
on short term quantitative trading, implemented through separately managed accounts. The firm
now employs seven full-time investment professionals and is regarded as one of the most knowl-
edgeable and successful investors in quantitative trading strategies.
• Rishi has been an investor in, and a practitioner of, quantitative trading strategies for the past 13 years. He
speaks widely on the subject of quantitative and high frequency trading, including as a guest lecturer at Colum-
bia University. He is the author of Inside the Black Box, a review of quantitative trading strategies, which will be
released by Wiley Finance in September 2009.
• Arzhang Kamarei is a managing partner and co-founder of Thesys Technologies, LLC, an incubator
company for high frequency trading strategists. He is in charge of business affairs at Thesys, includ-
ing development and sourcing of new managers in the high frequency space.
• Arzhang’s experience also includes serving as the chief operating officer for Tradeworx, Inc., a
quantitative hedge fund with expertise in medium frequency and high frequency trading. He began
his career at Goldman, Sachs & Co. in the International Equities Division, where he served as a
market-maker and proprietary trader in European, Asian, and Canadian shares.
• Arzhang is a Chartered Financial Analyst and received his bachelor’s degree from Harvard University and his
masters from New York University.
How to get to the Absolute Return Symposium
Directions
Subway
583 Park Avenue is located on the Northeast corner of 63rd
Street and Park Avenue. The closest subway stations are on 63rd
and Lexington Avenue, and 59th Street and Lexington Avenue.
By car
583 Park Avenue is very close to the Queensboro Bridge to
Long Island. Follow signs to 63rd Street then all the way to Park
Avenue. The midtown tunnel is also close; get to 583 by heading
North on either 1st, 3rd, Madison or Park Avenues to 63rd
Street. There are several parking garages nearby.
By air
New York is serviced by three main airports; John F. Kennedy
International (JFK), Newark Liberty International (EWR),
LaGuardia (LGA). Most major airlines fly regularly to New York.
2009
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