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Chicago Chapter
Welcome to CPEN Chicago.
For more information on how you can get involved with our chapter, please contact Pete Kotz.
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Upcoming Chicago Chapter Events
The CFA Society of Chicago invites you to join their panel session:
Asset Allocation Spotlight: Alternatives
With institutional investors placing a higher premium on liquidity, what is the outlook for risk and return in the alternative universe?
Panelists:
Gary Fencik, Partner & Head of Business Development – Adams Street Partners
Russell K. Ivinjack, Principal – Ennis Knupp & Associates
Tom Macina, CFA, President – Mesirow Advanced Strategies
Moderator:
Scott Meadow, Clinical Professor of Entrepreneurship – University of Chicago, Booth School of Business
Date: Monday, September 20th, 2010
Time: 4:30 pm – 6:30 pm
Location: The Standard Club
320 S. Plymouth Ct.
Chicago, IL 60604
Program Description:
Following our January seminar on the state of asset allocation theories in the traditional corners of the market, we’re now turning the spotlight on the alternatives universe. Alternative investment strategies, such as hedge funds, private equity, and real estate, suffered from poor investment returns and weak fundraising prospects coming out of the market dislocation in 2008. Many participants predicted this trend to continue for some time, driven by a preference for liquidity and the desire to find truly uncorrelated exposure - an element missing in many portfolios during the dislocation.
Have poor returns and weak fundraising prospects continued in 2009 and 2010? Do investors increasingly prefer more liquid strategies today than pre-crisis? The panelists will discuss relative required returns versus more liquid asset classes, investor appetite for alternatives, current trends in the various alternative subclasses, and answer Q&A from the audience.
Fee:
Members – $45
Non-Members – $55
(payable by cash, check or credit card)*
Attire:
Business Casual
Registration:
Phone Only: 312-251-1301
Presenter Background Information:
Panelists:
Gary Fencik
Partner & Head of Business Development – Adams Street Partners
As Head of Business Development, Mr. Fencik’s responsibilities focus on the development of institutional client and consultant relationships, and working with other members of the client service team to serve the needs of Adams Street Partners’ clients. He also actively participates in the partnership investment process. Mr. Fencik joined the firm in 2001 after five years as Managing Director of Business Development at Brinson Partners, Inc./UBS Asset Management and UBS O’Connor - a hedge fund manager focusing on a combination of convertible, merger, equity and statistical arbitrage strategies. At Brinson Partners, Mr. Fencik was responsible for business development and consultant relationship activities in North America.
Mr. Fencik holds a B.A. from Yale University and an M.B.A. from J.L. Kellogg Graduate School of Management at Northwestern University.
Russell K. Ivinjack
Principal – Ennis Knupp & Associates
Mr. Ivinjack serves as the primary consultant to a number of the firm's retainer and project clients. In conjunction with his work for the firm's corporate and public pension clients, Mr. Ivinjack is a member of the management committee and has the leaders of the firm's alternatives and manager research teams report to him. He also leads the firm's efforts in the areas of recruitment and personnel. Mr. Ivinjack has written research papers on defined contribution plan issues, including pieces on participant education requirements and what fiduciaries need to know when selecting asset allocation and fund selection models for participant-directed plans. Prior to joining the firm in 1994, Mr. Ivinjack spent nearly two years in SEI Corporation's performance evaluation area.
Mr. Ivinjack holds a B.S. degree in Finance from Northern Illinois University and an M.B.A. degree from DePaul University's Kellstadt Graduate School of Business.
Tom Macina, CFA
President – Mesirow Advanced Strategies
Mr. Macina is President of Mesirow Advanced Strategies, Inc. and is a member of its investment and executive committees. He is responsible for manager due diligence, strategy analysis and manager monitoring. Previously, Mr. Macina was with a multi-strategy hedge fund, where he was responsible for investments in a variety of sectors. Prior to joining the hedge fund industry, Mr. Macina worked in strategy consulting with Bain & Company, and in investment banking with Houlihan, Lokey, Howard and Zukin, Inc. Mr. Macina received a B.S. in Finance from the University of Illinois at Urbana-Champaign and an M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University. In addition, he is a CFA charterholder.
Moderator:
Scott Meadow
Clinical Professor of Entrepreneurship – University of Chicago, Booth School of Business
Since 1982, Prof. Meadow has been a principal investor in the private equity industry. Prof. Meadow is the Faculty Director of Global Initiatives, and since 2000, he has held the position of Clinical Professor of Entrepreneurship at the University of Chicago, Booth School of Business. Prof. Meadow was awarded the 2002, 2003, 2004, and 2005 Phoenix Prize, and The Faculty Excellence Award in 2010. He was designated by Business Week's "Guide to the Best Business Schools" (2003, 8th edition) and (2005, 9th edition) as one of the outstanding entrepreneurial professors in the country. Prof. Meadow has taught 5000 students at Chicago Booth in Entrepreneurial Finance and Private Equity, Commercializing Innovation (which he created) and the New Venture Challenge.
Prof. Meadow has over 25 years experience as a general partner with four venture capital and private equity firms, including William Blair Venture Partners, The Frontenac Company, The Sprout Group, and, most recently, with Edgewater Funds, where he remains a Senior Advisor. Over the course of his career, Prof. Meadow has approved hundreds of equity financings, been active in fundraising and has personally led, originated or created more than sixty investments, including two dozen healthcare services companies, over a dozen consumer services and retail companies, as well as companies enhanced by the Internet. Prof. Meadows has been recognized four times by Venture One as one of the outstanding healthcare investors in the industry. Prof. Meadow earned his A.B. Magna Cum Laude from Harvard College and his M.B.A. from Harvard Business School.
*Special Notes Regarding Fees:
Credit card required to guarantee ALL reservations. No day-of-event pre-registrations accepted (on-site only, if applicable and space available). There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, September 15, 2010.
Access the CFA Chicago Events page to find out more about upcoming programs and events! If you have a topic idea to suggest for future CFA Society of Chicago events, please contact us today.
CFA Society of Chicago
134 N. LaSalle St., Suite 1740
Chicago, IL 60602
P: 312-251-1301
F: 312-251-1303
info@cfachicago.org
http://www.cfachicago.org/
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Previous Chicago Chapter Events
Thursday, May 6, 2010
CPEN-Chicago Breakfast
CPEN members and their guests joined for an informal breakfast at Atwood Cafe.
Thursday, June 25th, 2009
CPEN Chicago Golf and Fitness with Athletico
We spent time with the golf and fitness professionals at Athletico learning about golf swing fundamentals and fitness techniques to improve our golf games. Planned on participating in the event as the professionals help us with stretching, strength, our golf swings and short games.
Friday February 20, 2009
CPEN Chicago Dinner Following the Chicago Booth Private Equity Conference
CPEN hosted an informal dinner for members and their guests following the 8th Annual Beecken Petty O’Keefe & Company Private Equity Conference
Thursday October 2, 2008
CPEN Chicago Event: Informal Discussion on the State of the Credit Markets
CPEN provided a venue for its members and sponsors to meet for cocktails and to share perspectives on the rapidly unfolding events on Wall Street and in Washington
Thursday June 19, 2008
CPEN Chicago: White Sox baseball event
This baseball event was hosted by the IVCA in U.S. Cellular Field. The White Sox and Pittsburgh played in a 1:05pm game. The Miller Lite Extra Base/Lower Terrace Suite (located at the end of the 3rd baseline) was reserved for this event.
Friday February 22, 2008
CPEN-Chicago Dinner following the Chicago Booth PE Conference
CPEN welcomed Members & Member Guests to attend a dinner on Friday, February 22nd at The Midway Club at the Gleacher Center (Wolfgang Puck Catering). The dinner followed the Seventh Annual Beecken Petty O’Keefe & Company Private Equity Conference held at the Gleacher Center that day, although the dinner was a separate CPEN sponsored event. It was a great opportunity to catch up with CPEN members and to meet a few future members as a distinguished group of graduating students who have positions secured in PE were also invited.
Tuesday January 29, 2008
CPEN Chicago promotion of Capex Dinner at Joe’s Stone Crab
Members of Chicago Private Equity Network (CPEN) were welcomed to join the members of Capex (The Chicago Association of Private Equity Executives) for its annual holiday party.
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