Carl F. Adams
Carl Adams is a senior consultant and executive advisor for Capital Framework Advisors LLC where he specializes in business and policy applications for multinational firms and sovereign governments. Mr. Adams is currently the executive director of the Financial Standards Foundation. He also serves as a senior advisor for risk management to the International Monetary Fund; the National Intelligence Council of the U.S. Government; Oxford Analytica Ltd.; Malcolm Binks Associates; The Korean Economic Institute; The Euro 50 Group; The Reinventing Bretton Woods Committee; several private sector financial institutions, and Standard & Poor’s. Anchored by 25 years of managerial experience, his global business counsel promotes disciplined and articulate analysis of business development strategy by country. His ongoing leadership responsibilities promote country risk analysis as an integral key for competitive business success and good public policy. Mr. Adams is currently consultant and senior advisor to The Securities Industry and Financial Markets Association (SIFMA, formerly The Bond Market Association), past president and chairman of the RMA (Risk Management Association) New York Chapter; he is a member of the Financial Task Force Committee of the Corporate Council on Africa; he is also a participant in the Business Council of the United Nations; and he is a senior director of the Capital Markets Credit Analysts Society.
Mr. Adams served as global manager for country risk and a director of portfolio risk management at Merrill Lynch for 11 years. In this capacity, he reported to senior and executive management of the firm overseeing business exposure by country and controlling its fiduciary due diligence. He established internal risk ratings for over 130 national jurisdictions, expanded assessment of financial and non-financial factors for description of business risk, and shaped internal business strategy and business practice among the firm’s products in all global locations. Mr. Adams was a voting member of the Merrill Lynch Corporate Credit Committee, chairman of the Merrill Lynch International Bank’s New York Credit Committee, and a member of various internal working groups established to manage country risk issues. Regular contacts and executive counsel included central monetary authorities and international financial institutions.
Prior to joining Merrill Lynch, Mr. Adams was president of Strategic Research International Inc. He co-founded this private firm in 1984 as an investment advisory and publishing venture fulfilling successful assignments for the Dunn & Bradstreet Corporation, Carl Marks & Co., and as an SEC Investment Advisor under the 1940 Act. Before formation of this venture, Mr. Adams was a vice president for ratings policy and economics analysis with Moody’s Investors Service from 1976 – 1984. In this role, he was a senior analyst of countries, financial institutions, and sub-national governments. Mr. Adams received degrees from the University of Oklahoma and his MBA in economics and finance from New York University.
Robert M. Alderman
Bob Alderman is a managing principal and global head of product development and management for Clearbrook Financial. In this role, Mr. Alderman is responsible for identifying and packaging suitable investment opportunities for retail and institutional intermediaries, as well as offerings designed and targeted for family offices. In addition, he oversees a team of investment professionals who design and package portfolio solutions for investors across all of the firms’ targeted client segments.
Prior to joining Clearbrook, Mr. Alderman was a managing director at Merrill Lynch, where he held senior positions in the areas of distribution, marketing and product management. Most recently, he was global head of distribution and marketing in the firms Alternative Investments Group where he was responsible for the marketing, positioning and distribution of a broad range of hedge funds, private equity and managed futures funds to individuals, family offices and institutions. In addition to his 20-year career at Merrill Lynch, Mr. Alderman was a national sales manager for Prudential Investments, and a partner in the Nashville, Tennessee-based firm of J.C. Bradford & Co., where he was the director of marketing. He received his MBA from the Carroll School of Management at Boston College and a B.A. from Clark University.
Madelyn Antoncic, Ph.D.
Madelyn Antoncic is a managing director, a member of Lehman Brothers Management Committee and is the firm’s global head of financial market policy relations. In this role, Dr. Antoncic leverages her broad experience—gained through a career as a chief risk officer, an international bank treasurer, a securitized products trader and a Federal Reserve economist—to connect with key sovereign and financial officials on policy issues as they impact both Lehman Brothers and, more broadly, the markets. She is a member of several Lehman Brothers committees including the firm’s Management; Investments; New Products; Operating Exposures; and Strategic Acquisitions Committees. Dr. Antoncic is a member of the Board of Directors of Lehman Brothers OTC Derivatives, Inc. Prior to taking on this newly created role of policy relations, effective the 2008 fiscal year, Dr. Antoncic was the firm’s chief risk officer responsible for risk management policies and procedures; determining the overall risk appetite of the firm; setting credit, country and trading limits; evaluation and approval of new products and trading strategies; risk analytics and metrics; and model validation and testing of all pricing models. She was a member of several firm committees including the firm’s Management; Risk; Commitments; Investments; Bridge Loan; New Products; Operating Exposures; and Strategic Acquisitions Committees and was an integral member of the senior group tasked with engaging with regulators, rating agencies, equity analysts, investors, liquidity providers and the board of directors. Dr. Antoncic joined Lehman in 1999.
Dr. Antoncic began her career at the Federal Reserve Bank of NY as an economist. She spent the next 12 years at Goldman Sachs where she ran market risk management, was special assistant to that firm’s co-vice chairmen and spent eight years trading mortgage-backed structured products. That was followed by a two-year stint at Barclays Capital where she built a market risk function for the America’s and was the America’s treasurer as well as treasurer for Barclays Bank PLC, the NY branch. She was a member of the board of directors of Barclays Capital, Inc. and of the Executive Committee of the board.
She is a member of the Institute of International Finance, Committee on Market Best Practices. She is also a member of the Board of Overseers of the Weill Cornell Medical College and Graduate School of Medical Sciences of Cornell University; a member of several Committees of the Board of WCMC including the Finance Committee, the Clinical Affairs/Physicians Organization Committee, the Special Committee on Research, a member of the Intellectual Property Committee of Cornell University; a member of the Internal Advisory Board of the WCMC/NYPH Cancer Center; is a Centennial Associate of New York University; was a member of the Board of Directors of the Girl Scout Council of Greater New York and was a founding member of the Lehman’s women’s network.
Dr. Antoncic received the “2005 Risk Manager of the Year” award from Risk; received the “Stern Women in Business, 2006 Distinguished Alumna” award from New York University Stern School of Business; received the “2006 National Partnership for Women and Children Award" for leadership; was named among the 2006 “100 Most Influential People in Finance” by Treasury and Risk Management; was a recipient of the “2007 Girl Scouts Annual Tribute Dinner Award;” has been named a Charter Member in “Risk Who’s Who”, 2008.
Dr. Antoncic holds a Ph.D. in economics and finance from The Stern School of New York University, she was an Alfred P. Sloan Foundation Doctoral Fellow and has taught economics and international finance as a member of the adjunct faculty at both the graduate and undergraduate schools of The Stern School of New York University.
Richard H. Baker
Richard H. Baker is President and Chief Executive Officer of the Managed Funds Association, a role he assumed in February 2008. He was previously a member of the U.S. House Of Representatives, serving Louisiana’s Sixth Congressional District since 1986. Mr. Baker was a member of the House Financial Services Committee and was Chairman of the Subcommittee on Capital Markets for 12 years. He was widely recognized as an expert on securities, insurance and housing finance. He also held a leadership position on the House Transportation and Infrastructure Committee and served as a member of the Committee on Veteran’s Affairs.
Mr. Baker’s career is one of lifelong public service. He was elected to the Louisiana House of Representatives in 1971 at the age of 23 and served for fifteen years. During that time, he was Chairman of the House Committee on Transportation, Highways and Public Works.
Andrew Bastow joined Winton Capital Management Ltd., a London-based CTA, as general counsel in 2005. Mr. Bastow qualified as a Barrister and Solicitor in Western Australia and is also on the Roll of Solicitors in England and Wales. Prior to joining Winton, he was a regulatory prosecutor in the Crown Solicitor’s Office in Western Australia and a legal officer with the Treasury Solicitor’s Department in the United Kingdom practising across a wide range of legal areas. Mr. Bastow is a British Chevening Scholar and holds a First Class Master of Laws degree from the London School of Economics and Political Science, as well as degrees in law, arts and economics obtained in Australia.
Marc Baum
Marc Baum is a managing director and the general counsel and chief compliance officer of Ramius LLC. Mr. Baum joined Ramius in June 2005. Immediately prior to joining Ramius, Mr. Baum was the principal of Solel Group, a consulting practice focused on managing and implementing change across the legal, regulatory, compliance and operations areas of regulated financial services firms. Prior to Solel, he was the chief operating officer, general counsel and chief compliance officer for the Seaport Group, which specializes in trading and brokering the capital structure of stressed and distressed companies among distressed and high yield institutional investors. Seaport was formed in the broker dealer subsidiary of the IPO Group where Mr. Baum served as the CEO and which published the IPO.com Web site.
Previously, Mr. Baum served as the chief legal officer and managing director for compliance at T.D. Securities/The Toronto-Dominion Bank. Before TD, he practiced capital markets law at J.P. Morgan Securities, Nomura, Merrill Lynch and Salomon Brothers. Mr. Baum began his legal career at Fried, Frank, Harris, Shriver & Jacobson.
Mr. Baum is a Trustee of American Jewish World Service and a director of The NASDAQ Stock Market Educational Foundation, Inc. Mr. Baum received his B.A. magna cum laude from Harvard College in 1980 in government and history, earned his M.Sc. focusing on international history from 1918-1946 from the London School of Economics in 1981, and received his J.D. from the University of Chicago Law School in 1984.
Timothy Batchelor
Timothy Batchelor is a director in the Chicago office of Duff & Phelps, LLC, and is responsible for its portfolio valuation service in the Western Region of the United States. Mr. Batchelor has thirteen years of relevant experience in providing portfolio management, financial risk, buy-side advisory and portfolio valuation services.
Mr. Batchelor provides his fund-based clients with transaction related services involving mergers and acquisitions, fairness opinions, corporate reorganizations, recapitalizations and financial restructuring, joint ventures, private and public financing alternatives, exit strategies and solvency and other capital adequacy opinions. Mr. Batchelor’s focus includes providing independent valuation analysis of both debt and equity securities within an investment portfolio and the associated financial risk characteristics of those portfolios. He specializes in illiquid and other difficult-to-value securities including many foreign asset classes and exotic derivatives. His services are provided to hedge funds, private equity firms (venture and buyout), pension and endowment funds, and business development companies. Clients use these services for a variety of purposes including portfolio strategy and continuity, periodic financial reporting under SFAS 157, and contemplated transactions with investors and portfolio companies. Mr. Batchelor has extensive experience, and has led significant engagements for clients in industries such as, but not limited to, financial institutions, technology, communications, entertainment, transportation and energy. He has spoken widely on the advances quantitative valuation and risk measurement techniques of exotic securities involving deterministic calculus, stochastic processes, random matrices, and combinatorics. Mr. Batchelor has advised a multinational investment bank on the structure and implementation of a valuation methodology for its private equity and proprietary hedge fund portfolios. He has advised and structured numerous cross-border transactions involving private and exotic securities for the direct investment programs of Fortune 100 corporations.
Mr. Batchelor is a member of American Economic Association, The Econometric Society and National Economists Club. Mr. Batchelor received a B.S. in finance/mathematics from McLaren School of Business, University of San Francisco, and graduated from Claremont Graduate School, Claremont Colleges Consortium with an M.A. in mathematical economics and financial engineering.
Daniel Bender
Daniel Bender is a director in the Financial Services Practice of Navigant Consulting, Inc., (NCI) with over 16 years of combined consulting and financial services industry experience, including over three years at NCI. While at NCI, Mr. Bender has advised investment advisers, sponsors of registered investment companies, business development companies and unregistered private equity and alternative investment funds clients with matters relating to regulatory compliance, operational risk management, governance/oversight and regulatory inquiries. He has assisted clients with developing and enhancing compliance program policies, procedures, business processes and associated internal controls, risk-based monitoring and controls testing programs, risk assessments, conflicts of interest analysis and supporting technology and operational infrastructure.
Prior to joining NCI, Mr. Bender spent five years at Brown Brothers Harriman & Co., (BBH) where he focused on business process and organizational structure evaluations and redesign efforts supporting the delivery of custody, accounting, administration, compliance and operational risk management activities; developing operating/business models supporting transaction processing and information delivery requirements for portfolio accounting applications supporting on-shore/off-shore fund accounting, fund administration, compliance and operational risk management operations; and, managing custody and fund accounting teams. Prior to BBH, Mr. Bender spent approximately eight years in the Boston office of JP Morgan Chase Investor Services providing accounting and related reporting services to sponsors of international, emerging markets and U.S. mutual funds.
Mr. Bender received his B.S. degree in rehabilitation management from Springfield College in Springfield, MA.
Vincent Calcagno
Vincent Calcagno is a principal based in the San Francisco office of Rothstein Kass and specializes in audit, tax and consulting engagements for investment funds and broker-dealers. He also has extensive operational experience in the financial services industry. Mr. Calcagno supervises audit and tax preparation for hedge funds, fund of funds, private equity funds, venture capital funds, mutual funds, management companies and broker-dealers. He advises these entities on initial organizational structure, audit processes as well as the management of operational and tax matters. Furthermore, he chairs the Rothstein Kass Financial Services Best Practices Committee, is a member of the HR and Training Committees, is a standing contributing editor to the firm’s financial services newsletter, The Wall Street Argus, and is extensively involved with internal recruitment and professional development programs for the Rothstein Kass.
Prior to joining Rothstein Kass in 2003, Mr. Calcagno developed and maintained a diverse financial services background. He served as the CFO of a family office for several affiliated limited partnerships based in New York. In that role, Mr. Calcagno was responsible for managing all accounting, finance and operations departments as well as monitoring numerous active portfolio managers. He was a senior associate in the Capital Markets Business Assurance Group for PricewaterhouseCoopers in New York. There, he was responsible for audit design and implementation as well as coordination with international offices on capital markets engagements, among other duties. Additionally, Mr. Calcagno served as an adjunct accounting professor at Fordham University’s College of Business Administration at both the Rose Hill, Bronx and Lincoln Center, New York City campuses.
He is a member of the American Institute of Certified Public Accountants (AICPA), the California Society of Certified Public Accountants (CalCPA), the New Jersey Society of Certified Public Accountants (NJCPA), and the New York State Society of Certified Public Accountants (NYSSCPA). Mr. Calcagno is also a member and the assistant treasurer of the Guardsmen, a San Francisco service organization consisting of 150 business and professional members devoted to advancing at-risk Bay Area youth by funding indoor and outdoor educational programs. Mr. Calcagno graduated cum laude from Fordham University with a B.S. in accounting and has completed the Leading Professional Services Firms Executive Program at the Harvard Business School.
Mark Cernicky
Mark Cernicky is a portfolio manager – investment strategies at Aviva Capital Management. Mr. Cernicky joined Aviva Capital Management in 2003 and is currently responsible for trading and managing quantitative credit portfolios. His focus is creating alternative strategies involving derivatives and bonds across all asset classes. Mr. Cernicky has over five years experience in the investment management industry on both the buy and sell side. Prior to his current role, Mr. Cernicky was a portfolio manager at DKR Varick, a structured credit hedge fund, where he traded and managed a correlation portfolio and an asset portfolio of bonds, credit, equity, and interest rate derivatives. In addition, Mr. Cernicky was a quantitative analyst in the portfolio credit group at Goldman Sachs. He holds the Chartered Financial Analyst designation, and is member of the both the CFA Institute and the CFA Society of Iowa. Mr. Cernicky earned his master degree with high honors from the University of Chicago, with an emphasis on analytic finance and econometrics.
Drew G.L. Chapman
Drew Chapman is a partner and the chair of the Alternative Asset Management practice group of DLA Piper US LLP. Mr. Chapman focuses his practice on the alternative investment industry, representing some of the world’s largest and best-known hedge funds, private equity funds, broker-dealers, asset management firms, and service providers to the hedge fund market in their corporate needs. In particular, Mr. Chapman has extensive experience in complex fund formation and structures, regulatory and compliance matters, and in assisting asset management firms, particularly those with transaction-oriented strategies such as multi-strategy, activist, emerging market and distressed debt in executing their investment strategies. He also has significant experience with fund structures in the international and cross-border context, as well as representing funds with an international investment strategy focus.
Given the unique structural and regulatory environment applicable to the alternative asset management industry, the combination of Mr. Chapman’s transactional background with his deep knowledge of structural, regulatory and compliance issues enables him to provide holistic advice to alternative asset managers on their transactional and other investment needs. He has significant experience representing hedge funds in transactional activities, including the disposition of illiquid assets when a fund becomes distressed (and faces investor lawsuits), advising funds through work-outs with investors in the face of liquidity issues, the investment by financial institutions in the management entities of hedge fund groups, the restructuring of fund groups and private equity transactions. Mr. Chapman also represents companies in a variety of industries in financial and strategic transactions, including debt and equity offerings, mergers and acquisitions, joint ventures, and other general commercial matters, many of which have an international or cross-border component. Prior to joining DLA Piper, Mr. Chapman was the chairman of the Fund Services Group at Sonnenschein Nath & Rosenthal LLP.
Susanne Clark
Susanne Clark is general counsel, managing director and chief compliance officer of Basso Capital Management, L.P. with primary responsibility and oversight for legal and regulatory matters involving Basso and the Basso funds. Previously, Ms. Clark was deputy general counsel at Amaranth Group Inc., where she was responsible for a variety of legal matters, including those relating to fund governance, marketing and investing and trading activities. Prior to that, she was vice president and assistant general counsel at Goldman, Sachs & Co. where she was responsible for finance and corporate legal matters involving The Goldman Sachs Group, Inc. and, prior to that, for legal matters involving the investment banking business of Goldman, Sachs & Co. Ms. Clark began her career in the New York office of Shearman & Sterling as an associate in the Corporate Finance Group. Ms. Clark received a B.A. from Swarthmore College and J.D. from Columbia University.
Frank De Maria III
Frank De Maria is a managing director at The Depository Trust & Clearing Corporation (DTCC) and chief operating officer of DTCC Deriv/SERV LLC.
Prior to joining DTCC in September 2007, Mr. De Maria was global head of derivative client services and operations at Merrill Lynch, where he led a worldwide staff of financial derivative operations and client service professionals and oversaw the reengineering of that business area. Before he joined Merrill Lynch in 2001, Mr. De Maria was COO of Soros Private Funds Management. In 1999, he served as CFO of Oversight Partner I, the consortium entity that recapitalized and liquidated Long Term Capital Management. Mr. De Maria also held a variety of positions in finance and operations at Bankers Trust. He also worked at the Federal Reserve Bank of New York and in institutional sales.
Mr. De Maria received his Bachelor of Arts degree from Boston University and his Master of Business Administration degree from New York University’s Stern School of Business.
Rae Etherington
Rae Etherington is an executive director, head of North American hedge fund risk in the Trading Risk Management Division at ABN Amro Bank NV. Ms. Etherington has 19 years of banking experience across risk management, lending/relationship management, and counterparty credit. She held positions at Credit Lyonnais from 1988 to 2000 and has been at ABN Amro Bank NV since 2000. Ms. Etherington also serves on several credit committees, working groups and steering committees at the bank related to hedge fund risk management, credit training, legal, collateral and systems methodology issues. She is also on the Board of Governors for the NY Chapter of Risk Management Association (RMA), serving as second vice president and program chair. Ms. Etherington received her B.A. in French literature and taught French in private schools until her move to New York City in 1988, where she started her second career in banking. She has an MBA in finance from Fordham University, where she is a Member of the Finance Board.
Celia Felsher
Celia Felsher is chief operating officer and general counsel of Reservoir Capital Group, L.L.C., a New York based investment management firm that is the general partner of hybrid investment funds with approximately $3 billion of capital. The Reservoir funds own a diverse investment portfolio of liquid and illiquid investments across different sectors, including interests in several hedge and private equity funds seeded by Reservoir. Prior to joining Reservoir in 1998, Ms. Felsher was a partner in the Corporate Department of Milbank, Tweed, Hadley & McCloy. During her time at Milbank, Ms. Felsher represented both U.S. and non-U.S. clients in a wide variety of corporate matters, including the formation of private investment funds (both hedge funds and private equity funds), the public and private issuance of debt and equity securities, and stock and asset acquisitions. Ms. Felsher has worked with Daniel Stern, co-chief executive officer of Reservoir, on the Asset Managers’ Committee of the President's Working Group (PWG) on Financial Markets. Ms. Felsher received a J.D. from Columbia University School of Law, where she was a Harlan Fiske Stone scholar and an A.B. in the Woodrow Wilson School of Public and International Affairs from Princeton University.
David E. Franasiak
David Franasiak became a principal of Williams & Jensen in 1992. As vice president of finance and a member of the Executive Committee since 1993, he is responsible for the day-to-day financial management of the firm, pension plans, and outside legal entities. Mr. Franasiak specializes in a legislative and administrative practice focused on tax, securities, financial institutions, natural resources, and environmental issues. Mr. Franasiak has over twenty-five years of experience working on public policy issues with corporate executives, not-for-profit organizations, accounting firms, broker dealers, financial institutions, and associations.
Prior to joining Williams & Jensen, he was a principal in the Office of the Chairman at Ernst & Young, working on tax, securities, and financial institution issues. From 1984 to 1987, he worked for British Petroleum on tax, finance, environment, and energy issues, and was director of tax at the U.S. Chamber of Commerce from 1981 to1984. Previous to this position, he served as staff director to the Tax Oversight Subcommittee of the U.S. House of Representatives Small Business Committee. Early in his career, Mr. Franasiak worked on the legislative staffs of a city and county legislature, and worked as a venture analyst for a large multinational corporation while completing his graduate work.
In addition to serving Williams & Jensen clients, Mr. Franasiak is involved in volunteering and fundraising related to Maryland state politics, as well as many church and civic organizations in Annapolis, Maryland. Mr. Franasiak received his B.A. in 1973 from State University of New York, College at Buffalo, his M.B.A. and J.D. in 1978 from the State University of New York at Buffalo.
Brett Friedman
Brett Friedman is chief risk officer for Ospraie Management, LLC. Mr. Friedman joined Ospraie in October 2007. Prior to joining Ospraie, he was a partner at Risk Capital Management. Prior to that, Mr. Friedman was the global risk manager at International Power from 2000 to 2002; risk manager at Avista Energy from 1999 to 2000; risk manager with Illinova Corporation from 1998 to 1999; and, risk manager with Illinova Power Marketing from 1996 to 1998. Previous to this, Mr. Friedman was a senior vice president, commodities at Kidder, Peabody, & Co. from 1992 to 1995; a senior vice president, commodities at Prudential Securities from 1986 to 1992; an assistant treasurer, foreign exchange at the Union Bank of Switzerland from 1983 to 1986; and, an assistant economist at the Federal Reserve Bank of New York from 1980 to 1983. Mr. Friedman earned a B.A. in economics from Columbia College in 1980.
John G. Gaine
John G. Gaine is special counsel to Managed Funds Association, a role he assumed in February 2008 following a ten-year tenure as president. As special advisor, Mr. Gaine is expanding MFA’s global relationships with policy makers, regulators and market participants with the goal of establishing industry-wide sound practices. MFA, headquartered in Washington, D.C., is the only U.S.-based membership organization that represents the interests of managed funds professionals internationally. MFA promotes a beneficial regulatory environment, improved public relations, growth of the managed funds industry, and increased member and investor knowledge. Prior to becoming MFA’s president in 1997, from 1993 to 1997, Mr. Gaine was MFA’s director of government relations and general counsel.
From 1981 to1993, Mr. Gaine worked in private practice specializing in commodities and related areas, and, from 1977 to 1981, he was the General Counsel for the Commodity Futures Trading Commission. Mr. Gaine received his B.A. from the University of Notre Dame in 1964, and his LL.B. from Harvard University in 1967. He is admitted both to the Washington, D.C. bar and the New York bar.
John Gammer
John Gammer is a senior vice president and head of clearing sales for Eurex Clearing. Mr. Gammer is responsible for the development and distribution of Eurex Clearings post-trade services. Mr. Gammer joined Eurex Clearing in November 2007. Previously he was a senior manager for LCH.Clearnet focusing on exchange relationships. Prior to joining LCH.Clearnet, Mr. Gammer held global and European management positions in exchange trade derivatives operations with Deutsche Bank and Lehman Brothers. Mr. Gammer has chaired the Futures and Options Associations (FOA) Clearing and Settlement Steering Group and held the position of Vice Chair for the Futures Industry Associations (FIA) European Chapter.
David A. Geffen
David Geffen is a managing director and head of the financing and prime brokerage team for Barclays Global Investors (BGI). Mr. Geffen’s team’s mission is to provide a centralized, sophisticated and comprehensive approach to managing prime brokerage and financing relationships globally for Barclays Global Investors. The team is responsible for determining and implementing optimal financing, stock borrowing, collateral, and cash management strategies for BGI’s alternative fund products. Mr. Geffen joined BGI in April 2007 after a career spanning Citigroup, Goldman Sachs and Amaranth. In his most recent role as managing director of finance at Amaranth in Connecticut, Mr. Geffen was a senior member of the firm’s Global Treasury Group. He served as the firm’s first chief credit officer and had direct responsibility for managing credit relationships with banks and brokerage firms. At Goldman Sachs in New York, Mr. Geffen was a vice president in credit risk management and his team managed the firm’s credit exposure to more than 1,000 hedge funds. In this role, Mr. Geffen worked very closely with the firm’s prime brokerage and OTC businesses to enable significant business growth while mitigating credit risk. He started his career at Citibank where he spent much of his career as a relationship manager with responsibility for all marketing and credit related aspects of Citibank’s global relationships with leading investment banks and hedge funds. Mr. Geffen is a graduate of Brown University and received his MBA from Columbia Business School.
Rael Gorelick
Rael Gorelick is managing partner of Gorelick Brothers Capital (GBC). Mr. Gorelick shares responsibility for portfolio management and has primary responsibility for investor relations for the Morrocroft family of funds. GBC was created in 2003 by Todd and Rael Gorelick to manage their family’s hedge fund investment portfolio. The Gorelick family founded and sold several consumer lending businesses from 1948 through 2003. Businesses included consumer finance (including subprime mortgage lending) and appraisal, title and other settlement and information services for national subprime and home equity lenders. The group has run a diversified fund of hedge funds since 2005.
From 2001 until co-founding GBC in 2003, Mr. Gorelick served as a senior marketing and business development consultant for Atlantic Assurance Group. Mr. Gorelick spearheaded Atlantic’s expansion into Texas, following the state’s adoption of home equity lending. Prior to Atlantic, he founded StopmyPMI.com, a Web site designed to assist borrowers in canceling private mortgage insurance (PMI). Previously, Mr. Gorelick worked for Showtime Networks, a unit of Viacom, in multiple sales roles, culminating as manager of distribution strategy. Mr. Gorelick is a 1994 graduate of Northwestern University.
Peter A. JensonPeter Jenson is a managing director and global controller for Citadel Investment Group L.L.C. He is responsible for oversight of the finance and accounting operations of the firm. Mr. Jenson joined Citadel in 2005. Previously, he was the CFO for Constellation Commodity Group, an affiliate of Goldman Sachs and one of the largest energy trading companies in the country. Prior to joining Constellation in 2002, Mr. Jenson was a financial services partner with PricewaterhouseCoopers. In his 14-year career, he served a variety of banking clients in the U.S., Asia and Europe.
Mr. Jenson holds a bachelor’s degree from Deakin University and an MBA from the Wharton School of the University of Pennsylvania.
Aleks KinsAleks Kins is president and CEO of AlphaMetrix, LLC. Mr. Kins has been actively managing institutional portfolios and investing with commodity trading advisors and hedge funds for well over a decade. He has conducted due diligence on, and allocated assets to, several hundred alternative investment trading advisors. Frequently, he is cited in industry publications discussing topics in the realm of alternative investments. Mr. Kins has been the author or co-author of several book chapters and articles on the subject of alternative investments as well, and he is regularly invited to speak at global industry conferences.
Before founding AlphaMetrix, Mr. Kins was the president and co-founder of Access Asset Management (RQSI/Access), a Chicago-based division of RQSI which was a business unit that was purchased by Lehman Brothers in the summer of 2005. Initially, Mr. Kins’ primary focus at Access was the creation of the Emerging CTA Index Fund (ECI). The group allocated several hundred million dollars to well over a hundred CTAs and quickly became known as the industry’s premier source of incubation for Commodity Trading Advisors. In addition, Mr. Kins was instrumental in the development of customized alternative investment portfolios for several institutional investors as well as serving on the Investment Committee of The Tellus Natural Resources Fund. Prior to Access, Mr. Kins was the senior investment manager for Carr Global Advisors (CGA), a subsidiary of Crédit Agricole Indosuez. He was responsible for CGA managed futures allocations, the head of CGA research group and oversaw the development and implementation of CGA risk monitoring systems. During this period, Mr. Kins had a lead role in developing the Calyon Financial Barclay Index which was the first widely utilized daily CTA Index. Prior to working at Crédit Agricole, Mr. Kins worked in the Research Department at the Chicago Mercantile Exchange. He received a B.A. in economics from Brown University.
Michael Levin, CPA, CAIA
Michael Levin is an investment operations manager and a member of the PAAMCO Operational Due Diligence Committee. Mr. Levin is responsible for operational due diligence, fund audits, monthly funding process and assists in fund accounting and compliance issues. Prior to joining PAAMCO, he worked for Ernst &Young, LLP, where he audited a wide array of investment companies. Mr. Levin graduated from the University of California, Santa Barbara with a B.A. in business economics with an emphasis in accounting.
David M. Matteson
David Matteson is a partner and member of the Investment Management Practice Group in the Chicago office of Drinker Biddle & Reath LLP. For more than 20 years, Mr. Matteson has concentrated his practice in the area of private investment management, with an emphasis on derivatives. He has represented hedge funds, commodity pool operators (CPOs), commodity trading advisors (CTAs), investment advisers and offshore and onshore funds. Mr. Matteson has advised clients as to the various structures and strategies with respect to the formation of funds and their management companies, SEC and CFTC regulatory issues, offering memoranda, marketing materials and appropriate investment agreements and terms of specific investment funds. Prior to joining the firm, he was a general counsel olf a hedge fund manager. Mr. Matteson was recently named one of the Best Lawyers in America® for his hedge fund investment/management practice. He graduated from Occidental College with a B.A. in 1974, and from Loyola University of Chicago, with a J.D. in 1977.
Patrick McKenna
Patrick McKenna is managing director and global head of hedge funds and global markets financial institutions credit at Deutsche Bank (DB). Mr. McKenna is member of the DB Americas Regional Executive Committee and Governor of the Risk Management Association New York Chapter. Prior to rejoining DB, Mr. McKenna was managing director and regional chief credit officer at Barclays Capital responsible for the leveraged and structured credit and CMBS / Real Estate Credit teams. Mr. McKenna has more than 25 years of experience in the financial sector and has worked in a broad variety of senior roles, including corporate and leveraged finance, sales and trading, and credit during his 15 years spent with UBS. Mr. McKenna received his B.A. in political science at University of California at Los Angeles (UCLA).
Deborah A. Monson
Deborah Monson, a partner in the Ropes & Gray’s Chicago office, focuses her practice on
Jayaram Muthuswamy, PhD
Dr. Jay Muthuswamy is an associate professor of finance at Kent State University. Dr. Muthuswamy’s research interests include pricing of exotic derivatives, asset price equilibrium and high frequency financial econometrics. He has previously been with Singapore Management University, Griffith University, University of Sydney, National University of Singapore, and Duke University. Dr. Muthuswamy serves on the editorial boards of the Journal of Futures Markets, as well as the Review of Futures Markets. Among his many research papers is one co-authored with the late Nobel Laureate Merton Miller to do with the regulation of high frequency stock index futures arbitrage. Among other areas, he is currently actively researching the problems of high frequency correlation measurement and analysis when trading is obscured by low liquidity. Dr. Muthuswamy holds a PhD from the University of Chicago, an MS from Stanford, an MBA from Wharton, and a bachelors degree from the London School of Economics.
Wesley G. Nissen
Wesley Nissen is partner in Winston & Strawn’s Financial Services Practice Group. He concentrates his practice on the representation of asset managers of all types. Mr. Nissen has significant experience with securities and commodities registration, regulation, and compliance matters. He also has assisted with the formation of and provided general representation to various hedge funds, private investment funds and commodity pools. In addition, he has been involved in a number of significant domestic and international merger and acquisition transactions in the financial services industry. Mr. Nissen is general counsel of the Foundation for Managed Derivatives Research, a nonprofit organization that provides grants for research on the use of derivative instruments as an investment vehicle.
Mr. Nissen serves on several committees of Managed Funds Association and is a member of the Foundation for Managed Derivatives Research. He also is a member of the American Bar Association, the Chicago Bar Association, and the Futures Industry Association. Mr. Nissen was honored in the peer rankings-based 2007 edition of The Best Lawyers in America for his private funds practice.
Mr. Nissen is a frequent speaker on topics pertaining to hedge funds and private investment partnerships. Mr. Nissen received a B.S., with high honors, in accountancy from the University of Illinois in 1983. He received a J.D., magna cum laude, from the University of Illinois College of Law in 1986, where he was an editor and the business manager of the University of Illinois Law Review. Mr. Nissen also is a Certified Public Accountant.
Matthew O'Connor
Professor Matthew O’Connor is finance department chair and director of the Alternative Investments Institute at Quinnipiac University. He teaches graduate and undergraduate courses in portfolio management, derivatives, and executive compensation issues. His current research is focused on due diligence practices in alternative investments and incentive effects in equity compensation. Quinnipiac University is a private, coeducational university with 5,400 undergraduate and 2,000 graduate students i communications, and law, and the College of Liberal Arts. Quinnipiac consistently ranks among the top universities with master’s degree programs in the Northern region in US News and World Report’s America’s Best Colleges and is home to the nationally renowned Quinnipiac University Polling Institute. Mr. O’Connor received his PhD in finance from Syracuse University, his MBA from the University of Massachusetts, and his B.A. in philosophy from the University of Connecticut.
Jay B. Peller
Jay Peller is the managing director of Citco Fund Services (U.S.A.) Inc. as well as a member of the Citco Fund Services Global Management Team. Prior to joining Citco in January of 2000, Mr. Peller was employed by Tudor Investment Corporation where he served in various senior positions, including vice president of the Fund Accounting Group from 1998 to 1999 and manager of the group from 1993 to 1997. From 1990 to 1993, Mr. Peller worked in the Ernst & Young Financial Services Group. Mr. Peller is a CPA and received a degree in business administration and accounting from State University of New York at Albany.
Mark Polemeni
Mark Polemeni joined Alexandra Investment Management, LLC in 2005 as chief legal officer and chief compliance officer. Mr. Polemeni oversees all of the firm’s legal, regulatory and compliance matters. Prior to joining Alexandra, Mr. Polemeni was a partner in the Corporate and Securities Group of Epstein Becker and Green, P.C.’s New York Office. He is a member of the New York State Bar Association’s Committee on Securities Regulation, as well as the Hedge Fund Advisory Committee (HFAC) of Managed Funds Association. Mr. Polemeni is currently serving as a Steering Committee Member for MFA’s Chief Compliance Officer Forum, and is an editor of MFA’s 2007 Sound Practices for Hedge Fund Managers. He was named by his industry peers as one of the “20 Rising Stars of Compliance” throughout the United States and the United Kingdom (published in the 2007 edition of Institutional Investor News). Mr. Polemeni is a frequent speaker at industry events and is often quoted in industry publications. He received his B.A. from Georgetown University in 1988 and his J.D. from Georgetown University Law Center in 1991.
David R. Sawyier
Mr. Sawyier is a Partner in the Investment Products and Derivatives group of Sidley Austin LLP in Chicago, with over 25 years’ experience in advising and representing clients in securities as well as futures-related corporate and regulatory matters, including hedge funds, venture capital/private equity funds, commodity pools and their investment managers. After receiving his B.A. from Harvard in 1972, Mr. Sawyier attended Oxford University, where he was captain of the rowing crew and received his M.A. in 1974. Mr. Sawyier then returned to Harvard, where he was Editor of the Harvard Law Review and received his J.D. in 1977, prior to attending Cambridge University, where he received a Diploma in Law in 1979. Mr. Sawyier was admitted into the Bar Association of Illinois in 1977 and of the District of Columbia in 1978. He was the U.S. National Rowing Champion in 1971, subsequently representing the United States in the 1971 World Championships as well as in the 1972 Munich Olympic Games, in which he was a finalist.
Scott C. Schweighauser
Scott Schweighauser is a partner of and the chief investment officer for Harris Alternatives. Mr. Schweighauser is involved in every aspect of Harris’ investing activities, including portfolio management and the evaluation and analysis of existing and prospective managers. He has been with Harris since June 1994. Mr. Schweighauser was formerly a vice president for interest rate derivatives trading with ABN AMRO Bank, and a vice president and managing director with Continental Bank’s Risk Management Trading Group, where he was responsible for trading interest rate derivatives, commodity derivatives, proprietary trading, and the development of trading and risk analysis systems and theoretical pricing models. Prior to this, he was an associate in corporate finance at Bankers Trust Co. Mr. Schweighauser is a member of The Economic Club of Chicago, and sits on the Board of Directors of Evanston Northwestern Healthcare Foundation as well as the investment committee of Lake Forest Country Day School. Mr. Schweighauser received his B.A. in mathematics from Williams College and an MBA in finance from the University of Chicago.
Kevin Shannon is an executive vice president of Moore Capital Management, LLC and previously was Moore’s chief financial officer for a twelve year period ending in December 2006. In his current capacity, he assists senior management on many of Moore’s strategic initiatives and external relationships. Prior to joining Moore in October 1994, Mr. Shannon was chief financial officer of Argonaut Capital Management Corporation, as well as managing director and limited partner. Prior to Argonaut, Mr. Shannon was associated with Lehman Brothers, where he was senior vice president and the chief financial officer of Lehman’s derivative products subsidiary from 1990 – 1993 and director of firm trading accounting and controls from 1984 – 1990. He was also a senior audit manager in the Financial Services Sector of Peat, Marwick, Mitchell & Co. from 1977 – 1984 and served two-year tenure as a part-time adjunct lecturer at Baruch College, City University of New York, Department of Accounting from 1985 – 1987. Mr. Shannon is currently the vice chairman and treasurer of MFA’s Board of Directors and sits on the Association’s Executive Committee. Mr. Shannon is also on the Board of Directors for Hedge Funds Care, a charity focused on assisting abused children. Mr. Shannon received his B.S. degree magna cum laude from New York University and an MBA degree summa cum laude from Fairleigh Dickinson University.
Zachary Snow
Zachary Snow is the chief legal officer of Third Point, LLC. Prior to joining Third Point in 2006, Mr. Snow served as general counsel of Primus Guaranty, Ltd. and Bridge Information Systems, Inc. From 1979 to 1999, he worked at Salomon Brothers, where he became a managing director and head of the U.S. legal department, while also serving as chairman of the Fixed Income Committee of the NASD and of the Derivative Products Committee of the Securities Industry Association. Mr. Snow began his career with Cleary, Gottlieb, Steen and Hamilton. Mr. Snow graduated from Princeton University, with highest honors, and from the Harvard Law School, with honors.
Robert K. Steel
Robert K. Steel was sworn in as the Under Secretary of the Treasury for Domestic Finance on Tuesday, October 10, 2006. In that capacity, Mr. Steel serves as the principal adviser to the Secretary on matters of domestic finance and leads the Department’s activities with respect to the domestic financial system, fiscal policy and operations, governmental assets and liabilities, and related economic and financial matters.
Mr. Steel retired from Goldman Sachs as a vice chairman of the firm on February 1, 2004. He joined Goldman Sachs in 1976 and served in the Chicago office until his transfer to London in 1986. In London, he founded the Equity Capital Markets Group for Europe and was extensively involved in privatization and capital raising efforts for European corporations and governments. He later assumed the position as head of equities for Europe. In 1994, he relocated to New York and served as head of the Equities Division from 1998 to 2001 until his appointment as a vice chairman of the firm. Mr. Steel became a partner in 1988 and joined the Management Committee in 1999. Upon his retirement from Goldman Sachs, he assumed the position of advisory director for the firm and then senior director in December 2004.
From February 2004 to September 2006, Mr. Steel served as a senior fellow at the Center for Business and Government at the John F. Kennedy School of Government at Harvard University.
Mr. Steel received his undergraduate degree from Duke University and his MBA from the University of Chicago
Kim TaylorKim Taylor has served as managing director and president, CME Clearing Division of CME Group since July 2007, when CME and CBOT merged to become the world’s largest and most diverse derivatives exchange.
Previously, Ms. Taylor served as managing director and president, CME Clearing Division of CME Holdings and CME since 2004. She led CME’s efforts to establish its historic clearing agreement with Chicago Board of Trade® (CBOT) in 2003. Ms. Taylor also has been instrumental in developing CME Clearing360, which extends the benefits of exchange-traded clearing to the over-the-counter (OTC) market.
Ms. Taylor began her CME career in 1989 as a clearing analyst and has held positions of increasing responsibility in CME Clearing since that time including managing director, risk management. In this role, she managed CME Clearing’s exposure to counterparty risk, including monitoring market volatility, setting minimum performance bond requirements and negotiating cross-margin programs. Before joining CME, she held a variety of sales-related positions with Sprint and MacDonald Broadcasting Corp.
Ms. Taylor received her bachelor’s degree from Alma College, Alma, Mich., and her MBA from Eastern Michigan University, Ypsilanti, Mich. Bob von Halle
Bob von Halle is a managing partner and director of business development at Horizon Cash Management. As a member of the management team, Mr. von Halle is responsible for developing strategies, products and ventures that fuel the firm’s growth. he has more than 20 years experience in the fixed income sector, having served as vice president, fixed income currency and commodities at Goldman Sachs; managing director, fixed income sales at Bear Stearns; and vice president, fixed income sales at Salomon Brothers. Immediately prior to joining Horizon in 2006, Mr. von Halle served as Midwest territory manager for MarketAxess, an internet-based client-to-dealer fixed income credit trading and data services platform. Mr. von Halle received a B.A. in economics and management science from Duke University and an MBA in finance from the J.L. Kellogg School of Management at Northwestern University.
Peter J. Wallison
Peter Wallison holds the Arthur F. Burns Chair in Financial Market Studies and is co-director of American Enterprise Institute’s (“AEI”) program on financial market deregulation. Prior to joining AEI, Mr. Wallison practiced banking, corporate, and financial law at Gibson, Dunn & Crutcher in Washington, D.C. and New York. Mr. Wallison has held a number of government positions. From June 1981 to January 1985, he was general counsel of the United States Treasury Department, where he had a significant role in the development of the Reagan administration’s proposals for deregulation in the financial services industry; served as general counsel to the Depository Institutions Deregulation Committee; and participated in the Treasury Department’s efforts to deal with the debt held by less-developed countries. During 1986 and 1987, Mr. Wallison was White House counsel to President Ronald Reagan. Between 1972 and 1976, Mr. Wallison served first as special assistant to New York’s Governor Nelson A. Rockefeller and, subsequently, as counsel to Mr. Rockefeller when he was vice president of the United States.
Mr. Wallison is the author of Ronald Reagan: The Power of Conviction and the Success of His Presidency (2002) by Westview Press. On financial or regulatory matters, he is the author of Back From the Brink (1990), a proposal for a private deposit insurance system, and coauthor of Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac (2000), The GAAP Gap: Corporate Disclosure in the Internet Age (2000), and Competitive Equity: A Better Way to Organize Mutual Funds (2007), all published by AEI Press. He is the editor of Optional Federal Chartering and Regulation of Insurance Companies (2000) and Serving Two Masters, Yet Out of Control: Fannie Mae and Freddie Mac (2001) also published by AEI Press. He is a frequent contributor to the op-ed pages of New York Times, Wall Street Journal, and Financial Times. He has been a speaker at many conferences on financial services, accounting, and corporate governance, and is a member of the Shadow Financial Regulatory Committee and the Council on Foreign Relations.
Mr. Wallison is admitted to practice before the courts of the Washington, D.C., and he is a member of the Washington D.C. Bar Association. He received his undergraduate degree from Harvard College in 1963 and law degree from Harvard Law School in 1966.
