University of Chicago Graduate School of Business
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Global Finance RoundtableSeptember 21, 6:00 PM - 8:00 PMThe Specialty Finance Five Returns!"Unlimited Leverage: Money for Nothing...or How to Create a Hedge Fund", "Adding Real Estate to your Portfolio with REITS", "Optimizers that Work: Why Good Inputs are Never Enough", "Insurance & Reinsurance Capital Management" and "Using Alternatives to Boost Risk-Adjusted Returns" are the speciality finance topics being discussed concurrently in separate rooms. Each session led by distinguished speakers from the CBOE, the University of Chicago's Center for Research into Security Prices, Piper Rudnick and Tavakoli Structured Finance, Inc. will be repeated twice so at the end of the first hour, you get to choose to hear one more topic! Presentations from this event: Where:Gleacher Center Room 621 450 North Cityfront Drive Chicago, Illinois Map on how to reach Gleacher Center Program: Who: Richard Michaud Robert Michaud Matthew T. Moran Registration: 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. Questions: Event Details: Because our typical audience size is over 200, 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 5 different 1-hour long specialty finance topics being discussed concurrently in 5 separate rooms that each seats roughly 25 - 75 people. Each topic will be repeated twice so 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. Now take your pick of which 2 of the following topics is of most interest to you, then RSVP! 1) UNLIMITED LEVERAGE: MONEY FOR NOTHING…or HOW TO CREATE A HEDGE FUND by Janet Tavakoli, President, Tavakoli Structured Finance, Inc. With 22 years in finance on Wall Street, a former adjunct associate professor of finance at the University of Chicago’s Graduate School of Business where she taught Futures, Forwards, Options, and Swaps, plus the author of numerous best-selling books on credit derivatives, Janet is the perfect person to discuss STRUCTURED FINANCE: THE USING (AND ABUSING) OF SPECIAL PURPOSE VEHICLES. Her discussion will include:
2) OPTIMIZERS THAT WORK: WHY GOOD INPUTS ARE NEVER ENOUGH: Richard and Robert Michaud, co-inventors of the patented Resampled Efficient Frontier™ optimizer will discuss:
3) USING ALTERNATIVES TO BOOST RISK-ADJUSTED RETURNS by Matthew T. Moran, Chicago Board Options Exchange (CBOE). Matt will focus on:
4) A speaker to be announced shortly from THE CENTER FOR RESEARCH IN SECURITY PRICES (CRSP) 5) A speaker to be announced shortly from PIPER RUDNICK, LLP Sponsored By:
Speaker Profiles Janet Tavakoli is the founder and president of Tavakoli Structured Finance, Inc., a consulting firm providing advisory services, education, and research in structured finance, securities, derivatives, and credit derivatives for financial institutions and institutional investors. She is a world renowned derivatives author and lectures frequently on derivative products and their risks and rewards. Ms. Tavakoli has over 22 years of experience in finance. She is a former adjunct associate professor of finance at the University of Chicago’s Graduate School of Business where she taught “Derivatives: Futures, Forwards, Options and Swaps” and the author of the global bestseller in the field of credit derivatives. She has 18 years of experience in structured finance in trading, structuring, and marketing derivatives and structured products at major financial institutions in New York and London. Prior to that, she worked as a manager of financial strategic planning for Fortune 500 companies. Tavakoli is the former Executive Director, Head of Financial Engineering in the Global Financial Markets Division at Westdeutsche Landesbank in London. She headed market risk management for the capital markets group for Bank One in Chicago. Tavakoli headed the asset swap desk at Merrill Lynch in New York and was head of mortgage backed securities marketing for Merrill Lynch in New York and head of mortgage backed securities marketing to Japanese clients for PaineWebber in New York. Ms. Tavakoli earned her B.S. in Chemical Engineering from the Illinois Institute of Technology and an M.B.A. in Finance from the University of Chicago. Janet Tavakoli is the author of the global bestseller Credit Derivatives & Synthetic Structures 2nd Edition, John Wiley & Sons, 2001 (also in Japanese). Her newest book is Collateralized Debt Obligations & Structured Finance:New Developments in Cash and Synthetic Securitization, John Wiley & Sons, 2003. Richard Michaud is President and Chief Investment Officer at New Frontier Advisors. His research and consulting has focused on asset allocation, investment strategies, global investment management, optimization, stock valuation, portfolio analysis, and trading costs. He has a Ph.D. in Mathematics from Boston University and has taught investment management at Columbia University. Prior positions include: Director, Research and Development, Acadian Asset Management; Director, Research and New Product Development, State Street Bank and Trust Co.; Head, Equity Analytics, Merrill Lynch; and Director, Quantitative Investment Services, Prudential Securities. He is a Graham and Dodd Scroll winner for his work on optimization, a Director of the 'Q' Group, and an Editorial Board member of the Financial Analysts Journal. Richard has also published Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation, Harvard Business School Press, Boston, June 1998. Robert Michaud is Managing Director of Research and Development for New Frontier Advisors. He is co-inventor of the patented portfolio optimization process. At New Frontier, Robert’s responsibilities include development and upgrades of the ROM Optimizer and other products. Mr. Michaud holds a Masters in Mathematics from Boston University and has pursued a Ph.D. in Finance from the Anderson School of Management at the University of California at Los Angeles. His research interests include risk models, asset pricing, and international finance. Matthew T. Moran is Vice President, Business Development, for the Chicago Board Options Exchange (CBOE), and is responsible for many of the exchange's marketing and educational efforts (including advertising, seminars and publications) for pension funds, mutual funds, and other institutional investors. He had a leadership role in the development of the CBOE S&P 500 BuyWrite Index (BXMSM), the first major benchmark for options performance. Mr. Moran also has served as Trust Counsel at Harris Bank and as Vice President at Chicago Mercantile Exchange. Mr. Moran has authored published articles appearing in Institutional Investor Journals, The Journal of Indexes, The Review of Securities and Commodities Regulation, The Commodities Law Letter, the FIA Review, the Illinois Bar Journal and other publications. He has made presentations at conferences sponsored by the Futures Industry Association, Institutional Investor, and the Investment Management Institute. He serves on the Advisory Board of the Chartered Alternative Investments Analyst Association, the Review Board of the Journal of Indexes, on the steering committee for the Futures Industry Association Expo, and as VP for QWAFAFEW-Chicago. He is a licensed attorney-at-law who has received a Masters in Business Administration and Juris Doctor from the University of Illinois. |
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