As we see the end of the coordinated monetary easing across the world, what can we see in the different asset classes?
6:00 PM-7:00 PM: Registration, Reception & Networking
7:00 PM-7:45 PM: Panelist Discussion
7:45 PM-8:30 PM: Questions and Answers
8:30 PM-9:00 PM: Networking
Giorgio De Santis, PhD (Panelist) '93
Director of Research, Kepos Capital
Giorgio De Santis is the Director of Research and a founding partner of Kepos Capital. Kepos is a NYC-based systematic investment manager with over $3 billion in institutional assets. Kepos' investment program includes proprietary short-term trading strategies as well as slower-moving risk premia strategies that capture dynamic exposure to a broad array of risk factors. Prior to Kepos, Giorgio was a Partner and the co-head of the research team in the Quantitative Investment Strategies Group at Goldman Sachs Asset Management. Prior to Goldman Sachs, he was an Assistant Professor of Finance and Business Economics at the Marshall School of Business at USC. He has published articles in The Journal of Finance, the Journal of Financial Economics, the Journal of International Money and Finance, the Financial Analysts Journal, and other academic and practitioner journals in finance and economics, and received the FAJ's Graham and Dodd Award in 2014. He has also contributed chapters to several books on investment management and is a co-author of Modern Investment Management: An Equilibrium Approach. Giorgio earned a B.A. from the Libera Universita' Internazionale degli Studi Sociali in Rome in 1984, a M.A. in Economics from the University of Chicago in 1989 and a Ph.D. in Economics from the University of Chicago in 1993.
Mark Florian (Speaker) '82
Managing Director, Global Energy & Power Infrastructure Funds, BlackRock
Mark Florian leads the Global Energy & Power Infrastructure team at BlackRock, which currently manages about $3.7 billion for investment in the power, midstream, utility and other areas in the energy sector across two 15-year funds. The team has created over 20 portfolio companies for the Funds and is actively investing globally. BlackRock acquired the Funds in 2017, which were created and built at First Reserve, a private equity firm that has been investing in exclusively in the energy sector since 1983. Mr. Florian started the Energy and Power Infrastructure business at First Reserve, beginning there in 2008. The team now includes about 30 professionals and is located in Greenwich Connecticut, London and Houston. Prior to First Reserve, Mr. Florian had a 23-year career at Goldman Sachs. He was a Partner at this Firm, and worked across many areas including corporate investment banking, mergers and acquisitions, and public finance in his career there. His last position at Goldman was as the COO of the Public Sector and Infrastructure Department, managing the infrastructure investment banking business which included about 150 people, and as a member of the investment committee for Goldman Sachs Infrastructure Partners. Mr. Florian has an undergraduate degree from Duke University, magna cum laude, and an MBA from the University of Chicago.
Marjorie Kaufman (Speaker) '84
Marjorie Kaufman, CFA has over 30 years experience in investment banking and asset management. Marjorie has led global institutional marketing and investor relations at firms such as Barington Capital, Guggenheim Global Trading, Kingdon Capital, J&W Seligman, Towneley Capital and Jacobs Levy. She has successfully positioned and marketed traditional and alternative strategies to prominent institutional investors in the US, Europe and Asia; launched new equity, credit and crossover products; formulated and led projects to improve client service, risk and performance reporting; ran annual meetings; partnered with consultants to secure large institutional mandates and spoken at investor conferences in the US and Europe. Marjorie holds an MBA in finance from the University of Chicago Booth School of Business and a BA, magna cum laude, in economics and anthropology from the University of Pennsylvania. She was awarded the CFA designation in 1995. Marjorie and her husband reside in Mamaroneck, NY along with their two children. An accomplished photographer, Marjorie posts images at her website, www.marjoriekaufman.com.
Nicholas Liolis (Speaker)
GA Chief Investment Officer, TIAA
Nicholas Liolis is Senior Managing Director and Chief Investment Officer for the General Account of TIAA based in New York. He is responsible for the portfolio strategy, asset allocation and risk-adjusted targets for the $250 billion General Account, consisting of public and private fixed income, private equity, real estate and real asset alternatives.
Prior to joining TIAA in 2015 he was Managing Director and Chief Investment Officer of AXA Equitable Life Insurance Company in New York. At AXA, Mr. Liolis was responsible for asset-liability management, asset allocation and overall investment strategy for AXA Equitable's General Account investment and pension portfolios. Mr. Liolis worked in several areas at AXA, including investment analysis, asset liability management, credit investments, structured products and alternative investments. He held several positions including Head of Hedge Fund Investments, Chief Credit Officer and Deputy Chief Investment Officer prior to being named Chief Investment Officer in 2012.
Mr. Liolis joined AXA Equitable following his graduation from New York University's Stern School of Business, where he earned an MBA in Finance and Information Systems. Mr. Liolis also holds a BA in Economics from New York University.
Stephen Ewen (Speaker)
Principal and Deputy CIO, Mercer
Stephen Ewen is a Principal and Deputy CIO – Hedge Funds with Mercer, dedicated to hedge fund investments and research. In this capacity, Stephen is co-portfolio manager for Mercer's North American based discretionary hedge fund offerings in excess of $4 billion in assets as well as a voting member of the firm's Macro Ratings Review Committee. As such, he works with a large number of clients, both large and small, consisting of: university endowments, charitable foundations, healthcare, corporate pension, and high net worth. Stephen is highly engaged in Mercer's broader hedge fund research efforts as a mentor to the hedge fund research team, providing advice and guidance in addition to working alongside researchers to conduct primary manager research and also acts as a leading source of new manager ideas and intellectual capital. Stephen received a BS degree from Miami University with a double major in Finance and Decision Sciences. Stephen is a CFA Charterholder and a member of the CFA Institute as well as the CFA Society of Cleveland.
Gilbert Ong (Moderator) '09
Senior Director, TIAA
Gilbert Ong is a Senior Director in the Investment Risk and Strategy group at TIAA, where he is responsible for modeling, setting limits and formulating stress tests for a range of asset classes such as Commercial Real Estate, Agriculture, Timber and Private Equity. Prior to joining TIAA, Gilbert was an Executive Director in the hedge fund consulting group at MSCI, responsible for $6 million annual revenue and also managed the Americas Risk Management Analytics Presales Team which worked on $11 million of deals. Over the past 17 years, Gilbert has also served as Quantitative Analyst/Strategist at hedge fund, Platinum Partners, lead Asia structured credit analyst at Fitch Ratings and CIBC World Market and as a quantitative credit portfolio manager at UOB/OCBC Asset Management. Gilbert started his career in Asian Equity Research in Salomon Smith Barney. He holds an MBA from the University of Chicago Booth School of Business, a MA in Statistics from Columbia University and a Bachelor of Accounting (Honors) from Nanyang Technological University in Singapore. He is also a CFA Charterholder.