Global Finance Roundtable
February 12, 6:00 PM - 8:00 PM
John McDonnell, The 6800 Capital Group's Chairman/Founder, discusses the benefits of managed futures in hedge funds of funds; Tim Backshall, BARRA's Director, details how to avoid becoming the next Enron/Parmalat through using different risk models; Maureen DeRooij, Citigroup's Director, illustrates structured commodity financing; while ETFs are Dan Curran's/Rick Rosenthal's, Turning Point Securities' Members, focus.
Materials from this event:
450 North Cityfront Drive
Map on how to reach Gleacher Center
Business casual to business attire is appropriate. You do not need to be a GSB alum to attend plus guests are also welcome provided everyone registers their attendance in advance.
Because our typical audience size is over 220, the GSB Finance Roundtable's events miss some of that "roundtable" feeling of a smaller group. Tonight's program aims to capture a bit of that classroom ambience (but no tests). The evening will begin with 4 different 1-hour long specialty finance topics being discussed concurrently in 4 separate rooms that each seats roughly 25 - 75 people. At the end of the first hour, you get to switch to hear one more topic of your choice! Afterwards, we'll conclude the evening together with a joint social session that includes our usual background music and cash bar from 8PM to 9PM. So take your pick of which 2 of the following topics is of most interest to you, then RSVP!
JOHN W. MCDONNELL is The 6800 Capital Group's Founder, Chairman of the Board and Chairman of the Executive Committee. From October 1976 to July 1990 he was President of the Winegardner Companies, a group of private corporations and partnerships founded by Roy Winegardner, a former Chairman and major shareholder of Holiday Inn Corporation. Mr. McDonnell's duties included the management of the companies' investments, and it was during this period that he developed his strategy of allocating assets among diversified professional managers. Mr. McDonnell graduated with a Bachelors Degree in Finance from Iona College. In 1994, 6800 Capital acquired the Princeton Futures Group. In 1995 the firm re-focused its energies on the development of several proprietary alternative investment fund-of-funds, primarily for high net worth individuals; serving as an investment consultant to several large European and Japanese institutions; and acting as the general partner to several single-manager alternative investment funds. Today the firm continues to be an investment manager specializing in the control of risk through the investment in alternative investments and strategies. These include domestic and international equity, fixed income, options, foreign currencies, commodity and financial futures markets. The 6800 Capital Group offers its services to wealthy individuals, families, endowments, foundations, and institutions. The 6800 Capital Group does not make specific investment decisions for its investment programs, but serves as the asset allocator by selecting the Advisors who conduct the trading.
TIM BACKSHALL is director of credit markets strategy at Barra. His primary responsibility is defining and managing the credit risk research and product agenda across all of Barra's business segments. Prior to working at Barra, Tim worked at Deutsche Bank in New York as a global product manager for trading and risk management systems. He also served as a senior financial engineer, where his role included the development of a global market and credit risk exposure limits framework. Tim was also vice president, senior financial engineer at Bankers Trust in New York where he gained extensive experience from both the buy and sell sides in measurement and management of integrated risks, as well as derivatives engineering and trading risk control. While at Bankers Trust, he was involved in the development and extension of the RAROC risk model. Tim's expertise covers all aspects of pricing and managing risk of FX, equity and IR derivatives as well as industry leadership in the modeling of asset and portfolio credit risk. Tim holds the FRM designation from GARP, the CRM designation from PRMIA, a BSc from Warwick University, England in pure mathematics and financial engineering, and a Masters in financial engineering 'math accreditation' from UC, Berkeley.
MAUREEN DeROOIJ was recently appointed to start and head up Citibank's Commodity Trade Finance business for North America. Prior to Citibank, Ms. DeRooij began the structured commodity finance group for ABN AMRO North America three years ago, quickly expanding their business through developing novel structured products. She joined ABN AMRO Bank in Chicago in 1998 as a Global Relationship Manager focusing on cross-border transactions in Eastern Europe and South America. Prior to her affiliation with ABN AMRO Bank, Ms. DeRooij worked for Rabobank in Chicago specializing in structured transactions for Agribusiness clients. She began her banking career with ABN AMRO Bank in The Netherlands where she was employed in various commercial positions as well as in Risk Management, where she advised on large scale, structured transactions in designated Asian Pacific branches. Ms. DeRooij received a MBA from the University of Chicago's Graduate School of Business, a Masters Degree (LL.M.) in Corporate Law from the Rijksuniversiteit of Leiden, and maintains a Series 7 and 63 securities license.
DAN CURRAN built the fourth largest specialist firm on the Chicago Stock Exchange by actively making markets in listed and OTC securities, including many Exchange Traded Funds (ETFs) and HOLDERs. As the specialist for the S&P 500 Depository Receipt (SPY) and co-specialist of the NASDAQ 100 Trust (QQQ), Dan developed algorithms to hedge the SPY and QQQ using stock baskets, futures, and options. As a market maker on the Chicago Board Options Exchange (1974 - 1990), Dan worked along with Fisher Black as he was developing the Black-Scholes option pricing model. From this effort, he created proprietary algorithms to price options and convertible securities. During this period, Dan was Chairman of the New Product Committee, which introduced the highly successful S&P 100 options contract (OEX). As a Vice President at Goldman Sachs, Dan handled some of the largest corporate financings and mergers in the Midwest. Dan is currently a Governor of the Chicago Stock Exchange. He is a CPA and an attorney in Illinois and Wisconsin. Dan is also the president of another broker/dealer specializing in convertible and merger arbitrage. He maintains Series 7,24, 27, 55, and 63 licenses.
RICK ROSENTHAL has supported some of the largest hedge funds, pension funds, proprietary traders, and money mangers as an institutional broker for over 21 years. Specializing in listed equity derivatives, Rick built Dean Witter's stock index business into the leading operation on the Chicago Mercantile Exchange before leaving in 1997. He also managed Dean Witter?s institutional options business on the Chicago Board Options Exchange. As a member of the Chicago Mercantile Exchange and Chicago Board of Trade, Rick served as a member on the Equity Index Committee at both exchanges as well as Chairman of the Merc's Equity Index New Product Sub-Committee, which introduced the Russell 2000 Futures and Options contracts. Prior to establishing Turning Point LLC, Rick was providing value-added services for hedge funds from Morgan Stanley's Securities Lending Department. He developed a widely used stock loan online service as well as proprietary model to forecast "hard to borrow" issues with data mining techniques. Rick has Series 4,7,24, 55, and 63 licenses.