WORLD’S LARGEST ALTERNATIVES
EVENT FOR FINANCIAL ADVISORS
This even brings together financial advisors, RIAs, independent and wirehouse reps, private bankers, wealth advisors, trust officers and family office executives to learn about and discuss various categories of alternative investments, including REITs, Hedge Funds, Specialty ETFs and Mutual Funds, Private Equity, Managed Futures, Options, Commodities, Derivatives and Structured Products, Life Settlements and Premium Finance.
Lawrence Kudlow is CNBC’s Senior Contributor. He was previously host of CNBC’s primetime “The Kudlow Report”. He is also the host of “The Larry Kudlow Show”, which broadcasts each Saturday from 10 a.m. – 1 p.m. on WABC Radio and is syndicated nationally by Cumulus Media.
Kudlow is a nationally syndicated columnist. He is a contributing editor of National Review magazine, as well as a columnist and economics editor for National Review Online. He is the author of “American Abundance: The New Economic and Moral Prosperity,” published by Forbes in January 1998.
During President Reagan’s first term, Kudlow was the associate director for economics and planning, Office of Management and Budget, Executive Office of the President, where he was engaged in the development of the administration’s economic and budget policy.
He is the recipient of numerous awards, including Extraordinary Commitment Award from St. Patrick’s Church of Redding, CT; Bishop’s Humanitarian Award from the Catholic Charities of Brooklyn and Queens; Humanitarian Award from Pregnancy Care Center of New Rochelle, NY; Distinguished Communicator Award from the Brooklyn Diocese; Ambassadors for Mission Award from the Pontifical Mission Societies of the United States.
In addition, Kudlow received the Spirit Award from Hazelden Foundation of Center City, MN; Exemplary Achievement Award from Covenant House of New York; Ethical Angel Award from the Guardian Angels of New York; the Reagan Great Communicator Award from the New York Young Republications Club; Discovery Award from Sacred Heart University; Visionary Award from Council for Economic Education; Community Recognition Award from Positive Directions; Reflection Award from Good Counsel; President’s Award from Silver Hill Hospital.
He is presently on the Board of Directors of Hazelden New York, Catholic Cluster School of the Diocese of Bridgeport, CD, a member of St. Patrick’s Church Parish Council, and a former Fordham University Board of Trustees member.
Kudlow is CEO of Kudlow & Co., an economic research firm (www.kudlow.com).
Marcus Luttrell’s 2007 #1 New York Times best-selling book, Lone Survivor, tells the harrowing story of four Navy SEALs who journeyed into the mountainous border of Afganistan and Pakistan on Operation Redwing. An unparalleled motivational story of survival, the book is also a moving tribute to the firends and teammates who did not make it off the mountain. A powerful testament to the courage, integrity, patriotism and community that forged these American heroes, Lone Survivor is an incredible account of teamwork, fortitude and modern warfare. In January 2014, Luttrell’s amazing story made the leap to the big screen with the blockbuster film, Lone Survivor, directed by Peter Berg (Battleship, Hancock) and starring Mark Wahlberg (The Fighter, The Departed) as Luttrell. The fil celebrated a historic open, earning the second biggest January debut of all time.
John Cadigan directs the wholesale distribution of an array of specialized investment programs. Over his 25+ year career, he has assembled effective wholesale distribution teams for traditional and alternative investment products and educated financial advisors through various speaking and media engagements.
Jason Cross, PhD
Jason Cross joined Whitebox in 2001. As the global head of equity strategies, Cross oversees the development and execution of alternative equity strategies at the firm. During his time at Whitebox, Cross has spent more than a decade developing sophisticated quantitative models and fundamental investment processes to support the firm’s equity investment efforts.
Derek Devens is a member of the investment committee and co-manages the Kinetics Alternative Income and the Kinetics Multi-Disciplinary mutual fund. Previously, Derek held roles at Goldman Sachs and Fischer Francis Trees & Watts. He received a BS from Princeton University and an MBA from New York University.
Patrick Galley joined RiverNorth in 2004 and serves as Chief Investment Officer and Portfolio Manager. Galley heads the firm’s investment team and oversees all portfolio management activities at RiverNorth. Galley also serves as the president and chairman of RiverNorth Funds. Prior to joining RiverNorth, Galley was vice president at Bank of America in the Global Investment Bank’s Portfolio Management group.
William H. Miller
William H. Miller, chief investment officer of Brinker Capital, chairs the company’s investment committee and sets the investment philosophy and process for Brinker Capital. He is responsible for asset allocation, manager selection and review and alternative investments for Brinker Capital. He holds a B.A. in economics from Trinity College.
Prior to founding RiXtrema, Daniel Satchkov worked as an associate director of risk research at FactSet, where he was responsible for researching and developing software products in the areas of risk measurement and risk reporting. He speaks at numerous financial conferences and has published articles dealing with risk management issues in a number of journals and whitepapers as well as an E-Book.
Matthew Scanlan is chief executive officer of RS Investments and serves as president and trustee of the RS Investment Trust and RS Variable Products Trust. He joined RS Investments in 2012 and has more than 30 years of experience in the investment management industry. Scanlan previously served as president and CEO of Renaissance Institutional Management, and managed Barclays Global Investors’ institutional business.
Michael Winchell is CIO and managing member of Larkin Point Investment Advisors LLC.
Winchell served Mariner Investment Group as portfolio manager from 2008 to 2012. From 1999 through 2007, Winchell served as COO of Bear Wagner Specialists. From 1989 through 1999, Winchell was chief risk officer of Bear Stearns & Co., and a member of the Bear Stearns’ Board of Directors.
Subject to change
July 13, 2015
7:00 am - 5:00 pm
7:30 am - 8:00 am
8:00 am - 8:10 am
Speaker TBD, Realty Capital Securities LLC
8:10 am - 9:00 am
9:05 am - 9:55 am
Impact investments are blazing hot among the wealthiest of the wealthy. Explore how these investments can be designed for high alpha and low beta approaches, as well as how they can be structured for more mainstream investors.
'40 Act Funds Explained
A growing number of '40 Act mutual funds are employing alternative investing strategies. Are these funds "alternative lite" or do they offer a full-bodied alternative experience? Are they worth the cost? Which strategies best lend themselves to a mutual fund approach?
10:00 am - 10:30 am
10:35 am - 11:25 am
Improving Asset Allocation with Alternatives
Carefully selected alternative investments can provide alpha and act as hedges, and can be useful in smoothing returns. Learn what to look for in alternative investments and how they can be used to enhance asset allocation models.
Managed Futures beyond Trend Followers
The term "managed futures" has become synonymous with systematic trend following strategies, which gained a lot of attention in 2008. However, the managed futures category encompasses many other strategies that are uncorrelated with equity markets as well as other alternative categories.
11:30 am - 12:20 pm
The Many Paths to Real Assets Investing
As growth in emerging markets is producing what some view as secular, long-term global demand for real assets, the question facing advisors are examining how to gain exposure to an uncorrelated asset class. This session will explore a variety of ways to invest in real assets that include investing in securities, futures and long-short strategies.
Tail Risk Management: Using Tactical Strategies to Capture Trends
Markets since the financial crisis have been characterized by numerous anomalies, including bouts of unprecedented volatility. In this session, managers will outline strategies with the ability to perform well in normal markets, while dramatically limiting risking down markets, and reducing overall volatility.
12:20 pm - 1:30 pm
1:35 pm - 2:05 pm
2:10 pm - 3:00 pm
Limiting Downside Risk with Alternative Options-Based Strategies
The extraordinary volatility that the financial markets experienced in 2008 and 2009 prompted clients to reassess their risk tolerance levels. It also caused many advisors to explore new ways to control risk. This session examines how advisors can employ options and other derivatives to limit the downside risk to a client's portfolio.
Liquid Alternatives: Generating Alpha with ETFs, ETNs and Hedge Fund Mutual Funds
While many advisors utilize traditional alternative investments to generate greater returns, "liquid alternatives" in the form of ETFs, ETNs, and hedge fund mutual funds can provide similar alpha with more liquidity. This panel will address how "liquid alternatives" can diversify client assets and improve risk-adjusted returns.
3:05 pm - 3:55 pm
Understanding Real Estate Alternatives
Real estate markets have been improving. Our panel will provide an overview of asset class pros and cons and debate underlying fundamentals that can assist in determining which programs and sponsors are appropriately suited for various clients. These will include trends and potential in rental growth, absorption, tenancy, TIs and LCs, organic growth vs. value creation, intrinsic vs. market force driven stability, and more.
Diverse Strategies to Generate Income
With low interest rates likely to prevail for the foreseeable future, advisors need to investigate ways for clients to earn income from their investments in an environment of financial repression. This session will examine a variety of investment vehicles that are available and explore their pros and cons.
4:00 pm - 4:35 pm
4:40 pm - 5:30 pm
Trend following is a risk-management strategy that, when used correctly, is quite effective in producing alpha. Its focus is on protecting a portfolio from strong declines, reducing the correlation with a traditional buy-and-hold style. Learn more about different approaches from our panelists.
Evaluating Private Equity and Venture Capital Opportunities
Opportunities in private equity and venture capital are always changing. Investment managers discuss how they evaluate these opportunities and describe how they assess risk and reward.
5:30 pm - 7:00 pm
July 14, 2015
7:30 am - 8:00 am
David Smith Opening Remarks and Introduction
8:00 am - 8:10 am
8:15 am - 9:15 am
9:20 am - 10:10 am
Beyond Liquidity: Evaluating Traditional Hedge Funds with '40 Act Alternatives
Hedge funds structured in a mutual fund format offer investors transparency and liquidity. But there are situations when other features and attributes, including illiquidity, work to the client's advantage. This session will take an agnostic approach to examining the costs and benefits of both vehicles.
Business Development Companies
2012 was a year of extraordinary growth for BDCs, which can earn lucrative returns by providing loans to small to mid-sized companies. BDC's pay out 90% of their income and many provide very attractive yields for investors. However, not all BDCs are the same or offer the same quality of investments. Learn what to look for in evaluating these alternatives.
10:15 am - 11:05 am
Achieving Tax Efficiency with Alternatives
This panel will address how advisors can use tax efficient alternative strategies to generate high levels of tax-free income while maximizing after-tax return and remaining neutral to changes in interest rates. These strategies may also offer significant diversification benefits.
Absolute Return Funds
Absolute return funds encompass a wide variety of low-volatility styles, from risk arbitrage to global macro to currencies and equity-rotation strategies. In this panel, leading managers will discuss how they try to achieve solid returns that are not correlated to major market indexes.
11:05 am - 11:40 am
11:40 am - 12:30 pm
Accessing & Allocating Alternatives
You may know why you should use alternative investments in an asset-allocation model, but are unsure of how large of an allocation to make in the average client's portfolio. Which strategies make the most sense to gain exposure yet remain simple so the client can understand the investment? ETFs? Mutual funds? Panelists also discuss investment minimums, fees and liquidity issues associated with alternatives, as well as the solutions, including feeders, intermediaries and platforms. Come learn what makes the most sense for you and your clients.
MLPs, a Compelling Asset Class
Master limited partnerships provide a crucial service that's always in demand - the distribution of energy resource. Most are liquid securities that are easy to track and trade. In the last decade, these investments annually outpaced the S&P 500, and advisors who have put in the time to study them have been able to deliver income and low volatility to clients. This session will provide an overview of MLPs, how they work and how you can use them in client portfolios.
12:30 pm - 2:00 pm
2:05 pm - 2:55 pm
An Alts Approach to Income Investing
An alts approach to income investing where a few alternative investment strategies and asset classes could be highlighted to produce meaningful income.
How Independent Advisors Can Access Alternative Investments
A detailed look at the problems, like investment minimums, fees and liquidity issues, associated with alternatives, and the solutions, including feeders, intermediaries, and platforms. In this session, we will discuss the pros and cons of choosing between various custodians - why more solutions mean more choices and how to find the one that works best for your clients.
Realty Capital Securities, LLC (“RCS”), member FINRA/SIPC is a wholesale broker dealer focused exclusively on the distribution of non-traded investment programs. The products offered on RCS’ platform target specific sectors with varying investment strategies.
As a leader in the non-traded investment program industry, RCS places a premium on offering the investment community unique exposure to diverse, complementary, and professionally managed investment opportunities to meet the objectives of suitable investors’ portfolio needs. www.rcsecurities.com
Sponsors and Exhibitors
Aequitas Capital is a diversified financial services company that creates alternative investments including private equity, private credit and specialty finance. The firm leverages its robust network of industry experts to invest in under-served sectors that drive the overall economy with an emphasis on education, healthcare and financial services. Aequitas helps its portfolio companies and strategic partners reach their goals by providing management expertise, technology infrastructure and a network of support services.
ALPS Portfolio Solutions is an asset manager based in Denver, CO with $16 billion in assets under management. They offer innovative portfolio solutions that help financial advisors and institutional investors build better portfolios. They specialize in satellite and alternative asset classes focusing on private equity, MLPs, commodities, alternative income, global real estate, sectors and emerging markets. Their exposure to these asset classes are achieved primarily through ETFs and open-end funds so that they can provide access that is registered, liquid and fully transparent.
They strive to deliver portfolio solutions that allow investors to diversify their core holdings, obtain exposure to attractive investment themes and ultimately build better portfolios.
For additional information about ALPS products, please visit – www.alpsfunds.com
Are a series of low-cost, style-pure mutual funds. The Funds employ a “manager of managers” strategy and partners with who we consider to be the “best of the best” sub-advisors offering a variety of international and domestic equity and fixed-income solutions. As of September 30, 2014 American Beacon Advisors managed over $55 billion in assets. www.americanbeaconfunds.com
Balter Liquid Alternatives
Balter Liquid Alternatives (BLA) is a subsidiary of Balter Capital Management, a boutique firm focused on hedge fund research and investing. BLA was formed to create and manage daily liquidity alternative mutual funds. Balter Capital Management oversees approximately $1.2 Billion in hedge fund and alternative mutual fund assets. BLA constructs liquid investment products utilizing existing hedge fund managers.
Brinker Capital, Inc.
Since 1987, Brinker Capital has innovated based on creative ideas generated from actively listening to the needs of financial advisors and investors. Their highly strategic, disciplined investment process is the key to making their ideas successful and helping to achieve better outcomes for advisors and their clients.
The Chartered Alternative Investment Analyst (CAIA) Association is the world leader in alternative investment education. CAIA programs include the CAIA Charter® and the Fundamentals of Alternative Investments Certificate Program®. For more information, please visit CAIA.org.
The College for Financial Planning
The leading institution focused on meeting the education needs of financial services professionals, the College for Financial Planning created the Certified Financial Planner™ (CFP®) certification and have professional designations in retirement planning, asset management, and alternative investments. Flexible instructor-led/web-delivered classes featured eBooks and interactive quizzes bring the classroom to you.
Crystal Capital Partners
With over 20 years of hedge fund experience, Crystal Capital Partners helps advisors seamlessly integrate hedge fund portfolios into their business. Our comprehensive services allows you to attract more assets by providing clients customized hedge fund portfolios tailored to meet their unique investment objectives.
With only $250,000; no per-fund minimums, your clients can access over 70 institutional-quality hedge funds and build portfolios with the same exposures as the world’s largest institutions. Other services include analytical tools, hedge fund due diligence, consolidated reporting, independent service providers, advisor support and more. All services can be private labeled, and are at no cost to you. www.crystalfunds.com
Divdend Capital is an innovative real estate investment management firm with expertise in all aspects of the public and private real estate sectors – as investors, operators and financiers. Dividend Capital offers a wide variety of real estate options for individual and institutional investors. www.dividendcapital.com
ETF.com (formerly IndexUniverse.com) is the leading independent authority on ETFs, indexes and index funds. It covers product and market developments related to index funds, ETFs, index derivatives, and the sophisticated investment strategies that use these financial tools. The web site aims to provide the industry’s best news, columns, research and features about the dynamic field of index-based investing and trading. It also offers valuable tools and data to assess markets and investment products, and incisive commentary designed to help advisers cut through the clutter and find the right products for their clients.
Franklin Square is a leading manager of alternative income funds designed to enhance investors’ portfolios. The firm’s funds offer “endowment-style” investment strategies that help construct diversified portfolios and manage risk. The firm manages five funds, each sub-advisoed by GSO/Blackstone. Learn more at franklinsquare.com.
Founded in 1994, Horizon Kinetics LLC is an employee owned and operated investment boutique based in New York. They adhere to long-term independent, fundamental research which often takes contrarian views to capitalize on the short-term focus of the marketplace. They manage $9.2B in assets including $0.5B in liquid alternative strategies.
IRON Financial, LLC is an independent asset management firm with deep expertise in delivering liquid alternatives with absolute returns to investors, combined with boutique-level service.
Founded in 1994, IRON Financial has successfully managed a series of liquid alternative and enhanced return strategies for financial intermediaries.
For more information about IRON Financial, visit www.ironfinancial.com.
Jackson National Life Insurance Company® (Jackson®) is one of America’s leading providers of variable, fixed and fixed index annuities. Jackson started offering alternatives in 2005 — before the market meltdown and before alternative investing became news. Since then, we’ve become a leading distributor of alternative investments in the annuity market. For more information, visit www.myeliteaccess.com and www.jackson.com .
Larkin Point Investment Advisors LLC is an asset management firm and investment adviser registered with the Securities and Exchange Commission. The Larkin Point Solution seeks to capture growth in bull markets, protect and preserve gains in down markets, and generate income in all markets in an attempt to cover the cost of protection and add to total return.
Larkin Point provides solutions for wealth managers and financial advisors. Larkin Point was founded by Michael Winchell, and is based in Rumson, NJ. www.larkinpoint.com
For over sixteen years, LJM Partners has managed and specialized in volatility strategies. Our liquid strategies provide alternative solutions to traditional investment portfolios. LJM strategies aim to diversify traditional equity portfolios, deliver low correlation to equity markets, and to target lower standard deviation returns to increase overall portfolio returns.
Milennium Trust Company
Millennium Trust Company is a leading financial services company offering niche alternative custody solutions. We serve as a complement to services offered by other custodians. Our innovative solutions include rollover solutions, alternative asset custody, private fund custody and advisor support services. www.mtrustcompany.com
Northern Lights Distributors
Northern Lights Distributors, LLC helps you navigate the distribution universe. They serve as an advocate for our clients’ products by collaborating with financial intermediatries and partners. This collaboration includes connecting advisers and intermediaries to the compelling, independent mutual funds in the Northern Lights Fund Trusts and Two Roads Shared Trust.
RiverNorth is a Chicago-based investment management firm founded in 2000 that specializes in opportunistic investment strategies. RiverNorth focuses on strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the investment adviser to RiverNorth Funds and General Partner of multiple limited partnerships.
RiXtrema is a crash rating company for anyone managing money. Instead of crash testing cars, we offer tools to crash test investment portfolios and to mitigate risks.
At RS Investments, we move our clients forward. Together, we pursue consistent returns that draw on the right mix of critical thinking, deep research, and quantitative analysis. We are domain experts, not generalists, and that knowledge helps us deliver better outcomes for our clients. We believe success is defined by more than investment returns. There is a destination beyond performance where credibility, trust, and relationships matter. Our goal is to provide the long-term returns our clients expect to help them see further, plan smarter, and move forward.
Founded in 1986, today RS Investments serves a global client base, including institutions, financial advisors, and individuals. RS is headquartered in San Francisco, California, with offices across the globe including Des Moines, Iowa; Villanova, Pennsylvania; London; and Hong Kong
Schooner Investment Group
Schooner Investment Group provides investment management services to institutions and financial intermediaries that are seeking to preserve and build capital with a focus on sustainable, risk reducing investment strategies. The Firm manages mutual funds, with a focus on liquid alternative funds, separate accounts, and private investment funds. Schooner advises the Schooner Fund (Tickers: SCNAX, SCNIX) a hedged-equity mutual fund. The Fund was specifically designed for the general investing public; executing investment strategies that seek upside participation coupled with superior risk management. www.schoonerfunds.com
Sierra Mutual Funds
Founded in 1987, Sierra currently manages over $1.8 billion in separate accounts and the two Sierra mutual funds, designed to server the needs of retirees and other conservative investors. Sierra uses a globally-diversified tactical style, with prove risk-mitigation disciplines, and has achieved exceptional results across market cycles.
The twin goals of Sierra’s core strategy are (1) to average 8% or better over a market cycle (2) while at the same time limiting downside risk to 4%-5%. Fact sheets on the Sierra mutual funds can be viewed at www.SierraMutualFunds.com.
Whitebox Mutual Funds
Whitebox Advisors is a registered investment advisor to private investment funds as well as mutual funds. Seek asymmetric upside potential and limited risk, Whitebox maintains a long-term focus on capital appreciation over time. The firm is guided by 10 investment principles, the first of which is “The source of investment return is the efficient reduction of risk.“
WHV Investments is a multi-boutique asset manager with offices in San Francisco, Seattle, and Denver. They engage exceptional investment teams worldwide to create compelling investment strategies for their clients, focusing on a variety of equity and alternative credit asset classes.
Investor’s Business Daily
Founded in 1984 by investor and entrepreneur William J. O’Neil, Investor’s Business Daily (IBD®) provides individual and professional investors essential market-timing analysis, top performing lists and proprietary ratings to help them identify true market leaders. The information is delivered through their leading-edge investing products and innovative investor education programs. IBD created the world’s first stock database in the 1960’s to compare and rate stocks based on performance criteria to find emerging leadership. Today IBD tracks data on over 8,000 publicly traded companies and is used by over 600 institutional investors worldwide.
What is the dress code for the conference?
The attire for the conference is business casual. No shorts or t-shirts.
What is the cancellation policy?
If you are unable to attend, you may replace your registration with a substitute delegate at no extra cost. Should you completely cancel, notification must be submitted in writing by June 21, 2015. Cancellations received by June 21, 2015 will be subject to a $50 administrative fee. No cancellation refunds/requests will be accepted after June 21, 2015.
In the event the conference is cancelled, Charter Financial Publishing Network (CFPN) assumes no liability for non-refundable transportation costs, hotel accommodations or any additional costs incurred by registrants. CFPN reserves the right to alter the agenda without notice including the substitution or cancellation of speakers and/or topics.
What time does registration open on Monday, July 13?
Attendee registration opens at 7:00 a.m. on Monday. Sponsor registration will be open on Sunday, July 12th from 2:00-5:00pm.
Can I register on-site on the day of the conference?
Yes, however we encourage you to register beforehand.
How will continuing education hours be credited?
Forms will be available at registration, all attendees are to self-report the program for credit