Hedge Fund Symposium
It’s no secret that most hedge fund strategies have underwhelmed investors during the long economic cycle since the Great Financial Crisis, leading to more than $100b in net outflows since the start of 2018. However, with an inverted yield curve, numerous leading indicators slowing down or rolling over, and no end in sight for the trade war, is it finally time to shine for hedge funds? Come out to our Hedge Fund Symposium to hear industry thought leaders answer this question and more:
- Return expectations for hedge funds in a low rate environment
- Differentiation between strategy and vehicle type (private vs interval)
- How institutional investors are currently allocating to hedge funds
- Regulatory scrutiny unique to hedge funds
Breanne Eshelman, Esq., CFA, CQF | Breanne Eshelman is an Investment Director at the UCLA Investment Company. Mrs. Eshelman is responsible for overseeing endowment assets across global markets, with a specific focus on marketable equity, independent return, and public and private credit portfolios.
Mrs. Eshelman has 13+ years of investment management and capital markets experience. Prior to UCLA, Mrs. Eshelman was an Associate Director at PAAMCO, an investment firm delivering fund of funds and alternative investment solutions to institutional clients. Throughout her career at PAAMCO, Mrs. Eshelman conducted research, due diligence and risk monitoring for managers across all hedge fund strategies, and served as a portfolio manager and account manager for select corporate pension clients. Prior to that, Mrs. Eshelman worked at Morgan Stanley in London where she managed risk on a portfolio of commercial mortgage debt and securities. Mrs. Eshelman began her career at Countrywide Commercial Real Estate Finance where she focused on commercial loan origination, underwriting and securitization.
Mrs. Eshelman received her Juris Doctorate from Northwestern University Pritzker School of Law, her MBA from Northwestern University Kellogg School of Management, and her BS in Business Administration from California Polytechnic State University, San Luis Obispo. She is admitted to the Bar in California and holds the Chartered Financial Analyst® designation. Back To Top ^^
Raymond Chan | Raymond Chan is a Managing Director of the Hedge Fund Solutions Group where he serves as a portfolio manager for Blackstone Alternative Asset Management’s (BAAM®) daily liquid funds.
Before joining Blackstone in 2019, Mr. Chan was a Senior Portfolio Manager at Goldman Sachs where he led a multi-asset investment team within Goldman Sachs Asset Management’s Global Portfolio Solutions group. He also served as the Head of Strategy for multi-asset funds and models and as the Head of the Markets Team. Prior to those roles, Mr. Chan structured and marketed cross-asset derivatives within the Securities Division of Goldman Sachs. Mr. Chan began his career as a consultant with Oliver Wyman.
Mr. Chan received an AB in Biochemistry with honors from Harvard University and an MBA from the Wharton School at the University of Pennsylvania. He has earned the right to use the Chartered Financial Analyst designation. Back To Top ^^
David Flinn | David Flinn joined Bain Capital in February 2017. He is a Director in Investor Relations and Head of Public Equity based in Bain Capital’s Boston office. Mr. Flinn previously spent 17.5 years at GCM Grosvenor in Chicago where he was most recently a Managing Director and Portfolio Manager within their Public Markets team overseeing the firm’s co-mingled, multi-manager long/short equity portfolios and multiple single-client separately managed accounts. Previous roles at GCM Grosvenor Public Markets included Co-Head of Research (2010-2012), Equity Strategy Head (2005 to 2010) and Equity Long/Short Analyst. Mr. Flinn began his career as an auditor at PricewaterhouseCoopers in Chicago in August 1997. Back To Top ^^
Sal Naro | Sal Naro launched Coherence Capital Partners LLC in January 2012. Coherence is a global fixed income-focused alternative investment advisor based in New York City. The Firm focuses on opportunities in the global credit markets. Its flagship product is a long/short credit hedge fund called the Coherence Capital Spectrum Master Fund, Ltd.
In addition, Sal sits on the Investment Committee at James Alpha Advisors, LLC and is a Portfolio Manager of the James Alpha Hedged High Income and Multi Strategy Alternative Income mutual funds.
Prior to Coherence Capital Partners, Sal was the Vice Chairman of Jefferson National Financial Corp and CEO of Jefferson National Asset Management from March thru December of 2011. From October 2008 to March 2011, Sal was an Executive Vice President and head of the acquisitions committee at Markit Group, a leading financial services technology firm. Prior to Markit, Sal was the Co-CEO and President of Sailfish Capital Partners, LLC a $4.8 billion asset management firm with approximately $2.5 billion in hedge fund assets that he co-founded in 2005.
Additionally, Sal worked at UBS Investment Bank where he was a Managing Director and the Global Co-Head of Fixed Income. He was also a member of the board of directors of UBS Investment Bank. Prior to joining UBS, he was a Senior Managing Director and Global Head of Credit Trading at Bear Stearns from 1989 to 1998. While at UBS and Bear Stearns, he managed an investment team and traded a significant proprietary book. Sal also served on the global risk committees of both firms. He began his career on Wall Street in 1982 as a fixed income associate for Dreyfus and has been a member of senior management in fixed income for the last 26 years.
Sal is a 1983 graduate of C.W. Post College of Long Island University and sat on the board of trustees of Long Island University for 12 years. Back To Top ^^
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Alfredo Gomez, CFA, CAIA
Allen Kim, CFA
|As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 1.5 credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.|