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NYC Optimizing Hedge Fund Business Operations event 01/05/2012
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_The Hedge Fund Business Operations Association’s annual conference: Optimizing Hedge Fund Business Operations
 
The conference has valuable takeaways to help you strategize your operational game-plan to not only meet today’s demands but also thrive in them.

This year’s agenda not only addresses the top operational challenges that hedge funds currently face but offers invaluable solutions to not only survive, but thrive in today’s challenging market.

The top-notch speaking faculty is comprised of innovative thinkers from hedge funds, hedge fund of funds, institutional investment funds as well as prestigious law firms, accounting firms and consultant firms.

Topics Include:

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Chicago Turnaround Management Healthcare Event 12/19/2011
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_The Chicago Chapter of the Turnaround Management Association (TMA) Hosts:

The Prognosis for Healthcare

A panel of experts will provide their insights and outlook on distressed investing, turnarounds and regulatory challenges as they pertain to the healthcare industry. 

The Chicago/Midwest Chapter of The Turnaround Management Association is dedicated to corporate renewal and turnaround management. Incorporated in 1991, the award-winning 1,000-member Chicago/Midwest Chapter is celebrating its 20th year of serving its community.

“As the healthcare industry undergoes unprecedented transformation, restructuring professionals are uniquely positioned to make a lasting impact on the shape of healthcare providers,” says Carl Lane, Willow Tree Consulting Group and president of TMA Chicago/Midwest. 

Topics include:
- Affordable Care Act & other reforms
- Changes to Medicare Reimbursements
- How regulations will affect providers
- Challenges and Opportunities in the industry

Panelists Include:

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Why are Congressional Agricultural Committees Given Oversight of the MF Global Hearings? 12/11/2011
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_ By Mark Shore
Over the years I’ve often heard the question “why are the U.S. House and Senate Agricultural committees given jurisdiction and oversight of financial firms?” This question sometimes appears in the managed futures course I teach at DePaul University.

With the testimony of Jon Corzine former CEO of MF Global before the House Agricultural Committee on December 8th, 2011 and his testimony with the Senate Agricultural Committee on December 13th, 2011 regarding the bankruptcy of MF Global, the 8th largest U.S. bankruptcy, this would be a good opportunity to discuss this question.

Let’s start with the basics:
The U.S. Senate Agriculture, Nutrition and Forestry Committee maintains jurisdiction on 17 topics including agricultural economics and research, agricultural commodities and price stabilization. Four of the five subcommittees including the Subcommittee on Commodities, Markets, Trade and Risk Management have oversight of the Commodity Futures Trading Commission (CFTC). 

The U.S. House of Representatives Committee on Agriculture has jurisdiction of oversight on 20 various topics including agricultural economics and research, stabilization of agricultural prices and commodity exchanges. The General Farm Commodities and Risk Management subcommittee maintains oversight of the commodity exchanges.

Of course this begs the question, why are these committees given jurisdiction over commodity exchanges and the CFTC?  

To find the answer, let’s take a walk down history lane:
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NYC IAFE Opportunities & Challenges in Hedge Fund Investing Event 12/06/2011
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_The International Association of Financial Engineers Presents:
Operational Risk Committee Event

Opportunities and Challenges in Hedge Fund Investing 

Global market conditions characterized by elevated market volatility and diminished return prospects continue to create investment challenges. Many institutions are increasing allocations to hedge funds with the hope of mitigating risk, increasing diversification, and enhancing return prospects.

The opportunities and challenges faced by public and private pensions, endowments, foundations and other institutional investors in constructing appropriate and well considered hedge fund exposures continue to be significant.

Topics Include:
  • What improvements to investment process, oversight and guideline monitoring should be implemented by institutional investors when investing in hedge funds?
  • Will the rapidly changing regulatory environment (Dodd-Frank, Volker Rule, etc.) and the migration of investment talent from bank proprietary trading to the hedge fund industry create investment opportunities?
  • How do institutional investors assess the operational risk of their hedge fund investments?
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January DePaul University Retirement Plan Seminar 2012 12/05/2011
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_DePaul University’s Center for Financial Services, McDermott Will & Emery and Mesirow Financial Present:
The Dynamic State of Retirement Plans: What’s New for 2012


Mark your calendar for the annual review of the state of retirement plans and a look at the top trends in the marketplace. This year's program will consist of a presentation and panel discussion with top experts.

Topics include:
  • A legal update on the latest Internal Revenue Service and Department of Labor guidance from Washington
  • The current state of fee disclosure
  • Target date fund strategic discussion
  • Workforce longevity issues
  • Executive benefits
  • Retirement Plans - the "student" perspective
Speakers and panelists include:

Joe Adams, Partner, Employee Benefits and Executive Compensation, McDermott Will & Emery, LLP
Mark Dzierzak, Senior Vice President, Retirement Plan Advisory, Mesirow Financial
Ali Fatemi, Alumni Professor and Chairman, Department of Finance, DePaul University
Greg Giles, Senior Managing Director, Compensation and Executive Benefit Strategies, Mesirow Financial
Chris Reagan, Managing Director, Retirement Plan Advisory Practice Leader, Mesirow Financial

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Chicago Dec Event with Spanish Ambassador to the U.S. 12/02/2011
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The Chicago Council on Global Affairs hosts:

The European Challenge: A Spanish Perspective with His Excellency Jorge Dezcallar de Mazarredo, Ambassador of the Kingdom of Spain to the United States

Europe is at a crossroads confronted with the eurozone crisis, a faltering global economy, a rising China and political upheaval in North Africa.

Simultaneously, Spain is experiencing a ruptured housing bubble, record unemployment, austerity measures and ongoing protests.

Topics include:
-      How will Europe and Spain navigate these changing times at home and abroad?
-      What are Spain’s dynamics within the European Union?

His Excellency Jorge Dezcallar de Mazarredo became Spain’s Ambassador to the United States in July 2008. Prior to this appointment, he served as secretary general and director of international relations for the International Advisory Board of Repsol, one of Spain’s leading energy companies.

From 2004 to 2006, he served as ambassador to the Holy See and the Sovereign and Military Order of Malta. Between 2001 and 2004, he was a state secretary and director of Spain’s Intelligence Service.

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NY Loses Jobs in October 11/26/2011
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_Tuesday Nov 22, 2011 the Bureau of Labor Statistics (BLS) released their October 2011 Regional and State Employment and Unemployment report (the October statistics are preliminary). A generally positive trend across the country in increased employment was found.

However, the report is mixed with increased job creation and increased unemployment rates based on the U-3 definition of unemployment (seeking a job in the last four weeks).

From September to October the nonfarm payroll employment increased in 39 states and the District of Columbia. Employment decreased in 11 states.

New York lost 8,300 nonfarm payroll jobs in October, making it one of the top three states for job loss in October 2011. The other states included WI with -9,700 and MN -6,100.

The leading states for job creation in October 2011 were IL with 30,000 new jobs, CA with 25,700 and VA with 14,000 new jobs.

From a year earlier, nonfarm payroll employment increased in 45 states and the District of Columbia. Employment decreased in 5 states. CA led the direction with 239,100 new jobs created over the past year followed by TX with 231,600 and FL with 93,900 new jobs created. GA had the largest decrease of employment with 33,300 jobs lost over the past year.

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Robert Shiller Speaks at CME 2nd Annual Lecture on Global Financial Markets 11/26/2011
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The Chicago Council on Global Affairs and the The CME Group Present:

Second Annual CME Group Lecture on Global Financial Markets: Building a Financial System for the Future with Dr. Robert Shiller

Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, and the loss of confidence in the market were all extraordinary in scale and scope.

New regulations—most notably the Dodd-Frank Act and the Basel III rules—endeavor to prevent future financial meltdowns.

Simply reigning in Wall Street, however, is not sufficient according to Robert Shiller. He believes that with the benefit of recent lessons and improved knowledge of human behavior, a new financial order can be developed in which information technology and financial theory unlock the latent value of our ordinary riches and create growth. 

A discussion of whether increased regulation and financial innovation can coexist as we build a new globalized financial system.

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PRMIA NY Sovereign Risk Event: 11/26/2011
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PRMIA NY

Presents:

Sovereign Risk - Global Risk Flashpoint

Sovereign risk, especially in the Eurozone, has risen as the world has "flattened" and has become a flashpoint for increased global systemic risk. 

Topics Include

  • Causes
  • Consequent symptoms
  • Proposed resolutions from a risk management perspective
Presenters  

Sean Egan:Founding Principal,  Egan-Jones Rating Company
Konrad Richter: Senior Expert, Risk Managment,  McKinsey & Co
Sanjay Sharma: Chief Risk Officer, Global Arbitrage & Trading,  RBC Capital Markets
James Sweeney: Fixed Income Global Strategist,  Credit-Suisse

Moderator

 Navin Sharma: PRMIA NY Co-Director,  Risk Management Head, New York Office,  Western Asset Management


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IL Leads Nation in October Job Creation 11/24/2011
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_Tuesday Nov 22, 2011 the Bureau of Labor Statistics (BLS) released their October 2011 Regional and State Employment and Unemployment report (the Oct statistics are preliminary). In reading the report, a generally positive trend across the country of increased employment was found. However, the report is mixed with increased job creation and increased unemployment rates based on the U-3 definition of unemployment (seeking a job in the last four weeks).

From September to October the nonfarm payroll employment increased in 39 states and the District of Columbia. Employment decreased in 11 states.

IL led the nation in October with an increase of 30,000 new jobs from September followed by CA with 25,700 new jobs and VA with 14,000 new jobs.

The largest states for month-over moth decreases of nonfarm payroll employment included WI with -9,700, NY -8,300 and MN -6,100.

From a year earlier, nonfarm payroll employment increased in 45 states and the District of Columbia. Employment decreased in 5 states. CA led the direction with 239,100 new jobs created over the past year followed by TX with 231,600 and FL with 93,900 new jobs created. GA had the largest decrease of employment with 33,300 jobs lost over the past year.

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