Program
8:00 AM-8:45 AM: Registration/Breakfast
8:45 AM-9:00 AM: Interim Dean Harry Davis, Chicago Booth, Opening Remarks
9:00 AM-9:45 AM: Meredith Whitney, Founder, Meredith Whitney Advisory Group LLC
10:00 AM-10:45 AM: Brian Rogers, Chairman and Chief Investment Officer, T. Rowe Price
11:00 AM-11:45 AM: Ric Kayne, Chairman and Founder, Kayne Anderson Capital Advisors
11:45 AM-12:15 PM: Lunch
12:15 PM-1:15 PM: William Danoff, Portfolio Manager, Fidelity Management & Research
1:15 PM-2:00 PM: Michael Mauboussin, Chief Investment Strategist, Legg Mason Capital Management
2:15 PM-3:00 PM: Mark Kiesel, Global Head of Corporate Credit, PIMCO
3:15 PM-4:00 PM: “Opportunities in Corporate Credit” Panel
4:00 PM-6:00 PM: Networking Reception
Speaker Profiles
Will Danoff (Speaker)
Portfolio Manager, Fidelity Management & Research
http://www.fidelity.com/
Will Danoff is a portfolio manager for Fidelity Management & Research Company (FMRCo.), the investment advisor for Fidelity's family of mutual funds. Fidelity Investments, is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. He manages Fidelity Contrafund and Fidelity Advisor New Insights Fund.
Mr. Danoff joined Fidelity as an equity research analyst in 1986. He became portfolio manager of Fidelity Select Retailing Portfolio in 1986 -- a position he held until 1989 -- and served as a portfolio assistant for Fidelity Magellan Fund from 1989 to 1990. Mr. Danoff was appointed manager of Fidelity Contrafund in 1990 when the fund's assets were $300 million. He managed VIP: Contrafund from its inception in January 1995 until October 2007. Mr. Danoff began managing Fidelity Advisor New Insights Fund in August 2003.
Born in 1960, Mr. Danoff received a bachelor of arts degree in history from Harvard University in 1982 and an MBA from The Wharton School at the University of Pennsylvania in 1986.
Ric Kayne (Speaker)
Chairman & Founder, Kayne Anderson Capital Advisors
http://www.kaynecapital.com/
Mr. Kayne is chairman and founder of Kayne Anderson Capital Advisors. He began his career in the mid-1960s as an analyst with Loeb, Rhodes & Co. in New York. Prior to forming Kayne Anderson, Mr. Kayne was a principal of Cantor Fitzgerald & Co., Inc., where he managed private accounts, a hedge fund and a portion of firm capital.
Mr. Kayne is a trustee of and the former chairman of the Investment Committee of the University of California at Los Angeles (UCLA) Foundation and is a trustee and co-chairman of the Investment Committee of the Jewish Community Foundation of Los Angeles.
Mr. Kayne earned a B.S. in Statistics from Stanford University in 1966 and an M.B.A. from the University of California, Los Angeles in 1968.
Mark Kiesel (Speaker)
Managing Director & Portfolio Manager, Pacific Investment Management Company
http://www.pimco.com/
Mr. Kiesel is a managing director in the Newport Beach office, a generalist portfolio manager, global head of the corporate bond portfolio management group and a senior member of the investment strategy and portfolio management group. In his role as global head of corporate bond portfolio management, he oversees the firm's investment grade credit, high yield and bank loan business. He also manages corporate and equity portfolios for the firm. He joined PIMCO in 1996 and previously served as PIMCO's head of equity derivatives and as a senior credit analyst. He has 16 years of investment experience and holds an MBA from the University of Chicago Booth School of Business. He received his undergraduate degree from the University of Michigan.
Michael Mauboussin (Speaker)
Chief Investment Strategist, Legg Mason Capital Management
http://www.lmcm.com/
Michael J. Mauboussin is Chief Investment Strategist at Legg Mason Capital Management. Prior to joining LMCM in 2004, Michael was a Managing Director and Chief U.S. Investment Strategist at Credit Suisse. Michael joined CS in 1992 as a packaged food industry analyst. He is a former president of the Consumer Analyst Group of New York and was repeatedly named to Institutional Investor’s All-America Research Team and The Wall Street Journal All-Star survey in the food industry group.
Michael is the author of Think Twice: Harnessing the Power of Counterintuition (Harvard Business Press, 2009) and More Than You Know: Finding Financial Wisdom in Unconventional Places—Updated and Expanded (New York: Columbia Business School Publishing, 2008). More Than You Know was named one of “The 100 Best Business Books of All Time” by 800-CEO-READ, one of the best business books by BusinessWeek (2006) and best economics book by Strategy+Business (2006). He is also co-author, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns (Harvard Business School Press, 2001).
Michael has been an adjunct professor of finance at Columbia Business School since 1993 and is on the faculty of the Heilbrunn Center for Graham and Dodd Investing. In 2009, Michael received the Dean’s Award for Teaching Excellence. BusinessWeek’s Guide to the Best Business Schools (2001) highlighted Michael as one of the school’s “Outstanding Faculty,” a distinction received by only seven professors.
Michael earned an A.B. from Georgetown University. He is also affiliated with the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory, and is on the board of directors of Sermo, an online community for physicians.
Brian Rogers (Speaker)
Chairman and Chief Investment Officer, T. Rowe Price
http://www.troweprice.com/
Brian C. Rogers is Chairman of the Board and Chief Investment Officer of T. Rowe Price Group. Brian manages several of the firm's major separate account portfolios and also serves as President and Chairman of the Investment Advisory Committee of the $21 billion Equity Income Fund. Brian has 31 years investment experience, 28 of which have been at T. Rowe Price.
Based in Baltimore, Maryland, T. Rowe Price Group and its affiliates serve as investment adviser to more than 450 separate and commingled institutional accounts and more than 80 stock, bond, and money market funds. The company's international investment arm, T. Rowe Price International, is headquartered in London and has offices in Buenos Aires, Hong Kong, Paris, and Singapore. As of June 30, 2010, T. Rowe Price had $391.1 billion under management.
Mr. Rogers is a member of the John Hopkins Board of Trustees, and chairs its investment committee. In addition, he is the Chairman of the Archdiocese of Baltimore's Independent Review Board. He is also a board member of the Greater Baltimore Committee and a member of the investment committee for Vanderbilt University. He has served on the boards at Gilman School and Roland Park Country School.
Mr. Rogers earned an A.B. in Economics from Harvard University and an M.B.A. in Finance from Harvard Business School. He is accredited as a Chartered Financial Analyst and as a Chartered Investment Counselor.
Meredith Whitney (Speaker)
Chief Executive Officer, Meredith Whitney Advisory Group
http://www.meredithwhitneyllc.com/
Meredith Whitney is the CEO of Meredith Whitney Advisory Group, LLC, a macro and strategy-driven investment research firm. Well followed for her core research, Ms. Whitney and her team also focus on a broad section of financials including large, small, and mid-size banks, brokers, independent commercial and consumer finance companies.
Prior to founding Meredith Whitney Advisory Group, Ms. Whitney was a Managing Director and Senior Financial Institutions Analyst for Oppenheimer & Co. Inc. Throughout her tenure at Oppenheimer, Meredith was most noted for her research on the ultimate decline in home prices, the future of the US mortgage industry, and the consumer lending market, including specific focus on the credit card industry. In 2007, she wrote prolifically on the threats surrounding the weighted influence of the rating agencies on regulatory capital determinants and the risks of the monoline insurers on financial institutions. In 2006, Ms. Whitney presented to the FDIC on the U.S. consumer and the risks in the sub-prime market.
Previously, Ms. Whitney worked as a financial analyst at Wachovia Securities, CIBC World Markets, and Oppenheimer.
In 2009, Ms. Whitney was named as one of Time Magazine's list of 100 “World's Most Influential People” and was ranked the #1 Investment Analyst in her category by The Wall Street Journal. Also in 2009, Ms. Whitney was named one of Fortune's Top 50 Most Powerful Women, for the second consecutive year, and to Crain's 40 Under 40. In 2008, Ms. Whitney was named The Wall Street Journal's 50 Women to Watch and to Smart Money's Power 30. Ms. Whitney was also ranked in Institutional Investor's 2008 All American Research Team.
Ms. Whitney graduated with honors from Brown University. She currently serves on the NBCU Women’s Advisory Board as well as the Board of Trustees of The Lawrenceville School.
Mike Conelius (Panelist)
Portfolio Manager, T. Rowe Price
http://www.troweprice.com/
Michael Conelius is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Conelius is lead manager of T. Rowe Price's Fixed Income Emerging Markets Strategy. He is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price International, Inc. Mr. Conelius has 22 years of investment experience, all of them at T. Rowe Price. Prior to joining the firm in 1988, he was a consultant for Booz Allen Hamilton. Mr. Conelius earned a B.S. in finance from Towson State University and an M.S. in finance from Loyola College. Mr. Conelius has earned the Chartered Financial Analyst designation.
David Daigle (Panelist)
Sr. Vice President and Portfolio Counselor, The Capital Group Companies
http://www.capgroup.com/
David Daigle is a senior vice president of Capital Research Company, where he is a portfolio counselor and a fixed-income investment analyst focusing on high-yield corporate bonds. He joined Capital in 1994 after receiving an M.B.A. from the University of Chicago. David also holds a bachelor’s degree in business administration from the University of Vermont.
Adam Spielman (Panelist)
Sr Managing Director & Head of Credit Research, PPM America
http://www.ppmamerica.com/
Adam joined PPM America in May 2001 and became Head of Credit Research in August 2008. He manages a 20-person team that is responsible for credit analysis of investment grade bonds, high-yield bonds and leveraged loans. Adam also covers PPM’s investments in the cable television, satellite and entertainment industries. Prior to PPM America, Adam worked in the investment group of a Chicago-based software company and spent three years as an investment banker with Lehman Brothers in New York and Chicago. Adam earned a B.A. in Economics from Indiana University and an M.B.A. from the University of Chicago in 1997.
PPM America, Inc. and its affiliates manage assets in excess of $80bn and serve as one of the major fixed income managers in the U.S. PPM was founded in 1990 and is headquartered in Chicago. PPM America is owned by Prudential plc, one of the world’s leading financial services groups, providing insurance and financial services throughout the world. Prudential plc is not affiliated with Prudential Financial, Inc., a company whose principal place of business is in the U.S.