2nd Annual MARHedge Trading Forum
November 16, 2006
Sheraton Stamford
Stamford, CT
Thursday, November 16, 2006
8:30
Conference Opening & Welcome
Randall Devere, Editor-in-Chief, MARHedge, New York
8:45
Keynote Address
Harvey Beker, Co-CEO and Co-Chairman, Millburn Ridgefield Corp and The Millburn Corp, Greenwich, Connecticut and New York
9:30
Macro Economic and Trading Trends
With a crisis in the Middle East, an energy crunch and political shifts both to the left and the right just some of the broader issues roiling the globe, it’s a difficult time to be a macro-focused manager. But uncertainly breeds opportunity, and in this panel traders from around the world will provide their economic forecasts and insights into their evolving investment strategies.
Moderator: John FitzGibbon, Senior Investment Analyst, Lighthouse Partners LLC, Chicago
Michael Cagney, Partner and Portfolio Manager, Cabezon Capital Management LLC, San Francisco
Larry Smith, Chairman and Chief Investment Officer, Third Wave Global Investors LLC, Greenwich, Connecticut
11:00
Commodity Trading Advisor Roundtable
In this panel, top-performing discretionary and systematic trading advisors will discuss how they have manufactured strong returns in a difficult market environment, and how the prevailing economic and commodity trends—as well as rapidly evolving trading technology—will alter the managed futures landscape in the coming months and years.
Moderator: Carol Kessler, Head of Research, Paradigm Consulting Services, Clifton, New Jersey
Michael Geismar, President, Quantitative Investment Management, Charlottesville, Virginia
James Lubin, Principal & Director, Hyman Back & Co Inc, Florham Park, New Jersey
Paul Lucek, Director of Research, SSARIS Advisors LLC, Stamford, Connecticut
Michael Stivala, Senior Portfolio Manager, MKP Capital Management, New York
12:00
Fixed Income Outlook
In a choppy rate environment, the outlook for the fixed-income market remains challenging. In this panel, traders from some of the leading fixed-income hedge funds will discuss their views on where the bond markets are going and what the future augers for managers in the alternatives space.
Moderator: Pasi Miettinen, Head of Business Development, The Clearing Corporation, Chicago
Steve Blumenthal, Chief Investment Officer, CMG Investment Advisors LLC, Radnor, Pennsylvania
Kurt Cellar, Principal and Portfolio Manager, Bay Harbour Management LLC, New York
Jim Higgins, Founder and CEO, Sorin Capital Management, New York
Robert Charles Push, Founder and President, Robert Charles Consulting LLC, Monroe Township, New Jersey
1:00
Luncheon - Sponsored by Fidelity Prime Services
2:00
Concurrent Breakout Sessions
Algorithmic Trading Outside the Box
As in many things, hedge fund managers and CTAs are on the cutting edge when it comes to trading technology and algorithmic trading in particular. But when is it preferable to defer to the brokerages for algorithmic products? What options can the sell-side provide, and how does that compare with what fund managers want? As usage of algorithms continues to grow, this panel will look at where the trend is taking the industry.
Moderator: Chris Amorello, Director of Algorithmic Trading, ITG Inc, New York
Tomas Bok, SVP-Equity Quantitative Analytics, Lehman Brothers, New York
David Margulies, Head of Program & Algorithmic Trading Sales, Susquehanna International Group, New York
ETFs vs. E-Mini Futures
Exchange-traded funds have become widely popular for traders, yet E-mini futures in many respects represent another step in the evolution of the futures industry. In this panel, participants will discuss the benefits of both products, and look at how traditional equity and fixed-income hedge funds can utilize electronically traded futures as part of their investment strategies.
Tyler Jenks, President and Chief Investment Officer, Amivest Capital Management, New York
William Seale, Chief Investment Officer, ProFund Advisors LLC, Bethesda, Maryland
3:30
Forex Forecast
With both micro and macro concerns weighing on the US dollar, monetary policies diverging in Europe and Asia, and emerging market currencies vulnerable to geopolitical upheaval, the foreign exchange markets are in a state of flux. Our panel of leading FX fund managers will discuss where they’re placing their bets in the months ahead, and how their trading programs are allowing them to buck the recent trend toward lower returns.
Moderator: Karan Sampson, Director-Hedge Funds, Greenwich Associates, Greenwich, Connecticut
Kelly Adams, Chief Technology Officer, FX Concepts, New York
Cheikh Kane, Senior Economist, The Rohatyn Group, New York
Howard Kurz, CIO, Lily Pond Capital Management, New York
4:30
Allocators and Traders
Trading-oriented funds have long generated some of the best returns in the business, yet they also present a unique set of due-diligence challenges for investors. Here influential allocators will discuss what they look for in evaluating funds’ trading operations and how active trading strategies fit into their overall investment portfolios.
Moderator: Daniel Solomon, Director, Client Management Group, Drake Management LLC, New York
David Bailin, Head of the Alternative Investments Division, US Trust, Stamford, Connecticut
Dennis Chu, Managing Director, Cambridge Associates, Menlo Park, California
5:30
Cocktail Party - Sponsored by ITG