Women Investment Professionals: Empowering Aspiring Women

Networking

Annual Networking Event 2017

June 22, 2017

This is a great opportunity to network with other financial professionals while enjoying the summer weather (fingers crossed!) in one of the most beautiful spots in the city.

Feel free to invite others, members and non-members, men and women, all are welcome!

Cost includes Hors d'oeuvres, wine, beer and soft drinks.

Ten Years from the Peak

2017 Members Only - Part Two

Equity

May 11, 2017

On October 9, 2007, the Dow Jones Industrial Average and S&P 500 closed at a record high, only to start on a downward path for the next year and a half.  The equity markets have rebounded since those dark days, but the current bull market is marked with skepticism and we find ourselves paying closer attention to valuations and correlations. New terms like ‘low volatility’ and ‘downside capture’ have become part of our everyday vocabulary, as they aptly describe investors’ concerns. This timeframe also has the industry wondering if investors will continue to rotate out of the US equity market and take a more global approach and if the debate of active vs. passive has a clear winner.

Moderator

Sabrina Bailey, Senior Vice President, Global Head of Retirement Solutions, Northern Trust Asset Management

Sabrina Bailey is the Global Head of Retirement Solutions and a member of the Operating Group and Business Leadership Council. In her role, Sabrina has responsibility for the development and deployment of Northern Trust’s defined contribution strategy globally. In this role, she leads the talents and resources of the Retirement Solutions team, partnering with the distribution and client service teams, to ensure clients have access to the defined contribution expertise and services they need, when they need it. In 2016, Sabrina was named a "40 under 40" by Crain’s Chicago Business, being selected for the business leadership honor from more than 1,000 nominees.  She has addressed various industry groups at conferences and been quoted in the press (Financial Times, Pension and Investments, PLANSPONSOR, USA Today, and the Wall Street Journal).

Prior to joining Northern Trust, Sabrina served as the US Defined Contribution Segment Leader for Mercer Investments. In her role, she was responsible for building Mercer Investments’ DC business through the deployment of innovative solutions and intellectual capital to consultants, clients and the market. Additionally, she provided investment consulting services to some of Mercer’s largest retirement plan clients and served as the chair of the DC Strategy Committee. Prior to her role at Mercer, Sabrina held the Seattle Office Leader position for Towers Watson Investments, as well as provided investment consulting services to corporate, not-for-profit and governmental sponsors of retirement plans. Before joining Towers Watson, Sabrina held investment consulting and manager research positions at RogersCasey and Arnerich Massena & Associates in Portland, Oregon.

Sabrina received her B.A. in Business Economics and Management and her M.B.A. in Organizational Leadership from George Fox University. She is an active member of Savings Re-Imagined, as well as the Defined Contribution Institutional Investment Association where she serves on both the Editorial Review Board and the Investment Policy Committee.

Panelist

Kelli Schrade, CAIA, Institutional Consulting Director, Executive Director, Graystone Consulting

Kelli Schrade is the lead Partner in charge of the Chicago Office of Graystone Consulting  Chicago Practice’s manager due diligence and research efforts. With over 20 years of professional experience in the investment consulting and asset management industry, Kelli and her partners lead one of the largest institutional consulting practices at Morgan Stanley. The practice works with a diverse range of clients including foundations/endowments, healthcare organizations, religious orders,  operating nonprofits, family offices and complex private wealth.

Kelli is a recognized industry leader, speaking at top investment conferences on topics from alternative investments to asset allocation to macroeconomic themes.  In addition, Kelli has been quoted throughout the national media, including Barron’s and the Wall Street Journal.  Prior to joining Graystone Consulting, Kelli was a Partner and Director of Manager Research for Marquette Associates, having primary oversight of their U.S.  equity managers and serving as Chair of both the traditional and alternative investment manager search committees, overseeing $130 billion in client assets.  Kelli spent over a decade with Marquette and was both an owner of the firm and instrumental in the organization’s growth and success.  Before joining Marquette, Kelli was an Investment Advisor with Christian Brothers Investment Services. She began her career at Morningstar, Inc.  where she served as a Managing Editor and Fund Analyst for more than 7 years, specializing in U.S. equity funds.

Kelli earned a BA in English from Kenyon College and an MBA with honors from The University of North Carolina’s Kenan-Flagler Business School. She holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the CAIA Association®.  In addition, Kelli is a member of the CFA Institute, the CFA Society of Chicago, NASP (National Association of Securities Professionals), and the Executives’ Club of Chicago. She previously served as Membership Chair for Women Investment Professionals - Chicago.

More About Kelli Schrade, CAIA, Institutional Consulting Director, Executive Director, Graystone Consulting

Panelist

Linda Martinson, J.D., LL.M. President, Chief Operating Officer, Chairman, Baron Capital

Linda joined Baron Capital in 1983 as the general counsel and was named president and chief operating officer in 2006. In her role, Linda is responsible for all non-research aspects of the Firm, including sales and marketing, portfolio and risk analytics, databases and RFPs, legal, trading, accounting, and information technology. Under her leadership, the firm has expanded from 61 to 145 employees, more than doubled the number of investment strategies, and grown its AUM by more than $6 billion.

Baron Capital is an asset management firm based in New York City. The Firm, which was founded in 1982, focuses exclusively on actively managed growth equity investment solutions. Baron manages more than $22 billion in assets across 13 distinct investment strategies offered through retail, institutional, and R6 shares, as well as sub-advised, SMAs, collective trusts, and offshore products.

Linda has spoken at numerous industry events and has been quoted in a wide variety of industry publications. She has a special interest in the recruitment, retention, and advancement of women in the finance industry and regularly organizes and hosts women’s networking events throughout the U.S.

From 1979 to 1983, Linda worked for the State of New York as an assistant attorney general. Linda graduated from the University of Pennsylvania with a B.A. in English Literature and Political Science in 1976, from New York Law School with a J.D. in 1979 and from New York University School of Law with an LL.M. in 1981.

Panelist

James Maloney, Trustee, Chicago Policemen’s Annuity and Benefit Fund

James “Jim” Maloney is an elected Trustee for the Chicago Policemen’s Annuity and Benefit Fund. Jim is the Chairman of the Investment Committee. Jim is also a Lieutenant on the Chicago Police Department for over thirty years, assigned to the Detective Division. Jim also serves on the Board of the Chicago Police Lieutenants Association.

He was appointed to former City of Chicago Mayor Richard Daley’s “Commission to Strengthen Chicago’s Pensions”, which met from 2008-2010 and published a report.

He has a BS from Western Illinois University. He has a Master of Public Administration (MPA) from Illinois Institute of Technology, a Master of Business Administration (MBA) from Illinois Institute of Technology and a Masters Certificate in Financial Fraud from St.
Xavier University.

He is a Graduate of the FBI National Academy (Session 233) and is elected to the Board of Directors for the Northern Illinois Chapter of the FBI National Academy, the most active FBI NA Alumni Chapter in the world. He is a speaker at many Pension and Investment related events. He was named the Acting Chief Investment Officer (CIO) in Nov/2014, for the Chicago Policemen’s Annuity and Benefit Fund, he continued in that role until April/2016.

He was appointed to the Board of Directors for the Illinois Public Pension Fund Association (IPPFA) in October/2015.

WIP Professional Development Luncheon

Venus Rising – How to Increase Your Impact and Build Exceptional Relationships

April 20, 2017

Mindy Mackenzie – or the “Velvet Hammer” as she was known during her days at liquor giant Jim Beam – is currently a sought-after speaker and CEO advisor to Fortune 500 companies. She is the author of the WSJ bestseller, The Courage Solution: The Power of Truth Telling with Your Boss, Peers, and Team.  Mindy is also a Senior Advisor at McKinsey & Company along with being a frequent guest lecturer for the MBA and Executive Education programs at Kellogg School of Management at Northwestern University.

Previously, Mindy served as Chief Performance Officer of Beam, Inc., where she was globally responsible for strategy, M&A, human resources and communications and was part of the executive team that led consistent outperformance and created tremendous shareholder value delivering double-digit earnings growth year-on-year.  Mindy was promoted to this role after serving as Chief Human Resources Officer for four years.  As the Chief Performance Officer, Mackenzie drove performance in the business across all markets and ensured that the company maintained a disciplined focus on its strategic priorities through her enterprise-wide view and operational business leadership. It was her ability to lead her executive team colleagues in a refreshing “truth telling” manner while maintaining her professionalism and grace that earned her the aforementioned nickname.  Ultimately, Mindy led the negotiations for the $16-billion-dollar buyout of Beam, Inc. by the Japanese conglomerate, Suntory, in 2014.

Mindy has been a Director of Fifth Third Bank Chicago affiliate since 2013.   She is a frequent speaker at various global leadership and executive forums on topics including strategy, transformational change, culture, rewards, leadership and organizational effectiveness.  Her obsession is inspiring business professionals to increase their personal fulfillment through dramatically improving their professional impact.

Mindy holds a Bachelor’s Degree from Ambassador University and a Master’s Degree from the University of Louisiana.  Mindy lives with her son in the Chicagoland area.  For more information refer to her website at www.mindymackenzie.com.

Ten Years from the Peak

2017 Members Only - Part One

Fixed Income

March 30, 2017

The GFC has arguably taught us more lessons in the fixed income market than any other asset class. The GFC gave way to market concerns such as liquidity and transparency. We have even had to re-think the definition of a risk free asset. Even with the unprecedented amount of monetary easing, we are still dealing with low yields causing many investors to look at non-traditional fixed income in their search for yield.

Moderator

Brady O'Connell, CFA, CAIA Senior Vice President Callan Associates

Brady O’Connell, CFA, CAIA, is a Senior Vice President in Callan's Chicago Fund Sponsor Consulting office.  Brady has worked with a variety of fund sponsor clients including corporate and public defined benefit plans, defined contribution plans, and endowments and foundations.

Brady has over 19 years of investment consulting experience. Prior to joining Callan, Brady was a partner with Aon Hewitt where he worked with a broad range of institutional investors. During his 18 years at Ennis, Knupp + Associates and subsequently, Aon Hewitt, Brady held a number of different roles, including leading public market manager research as well as managing a team of consulting professionals.

Brady received his MBA in Finance and Marketing from Northwestern University’s Kellogg School of Management. He earned a BBA in Finance from the University of Michigan in Ann Arbor.  He earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Society of Chicago and CFA Institute. Brady has also earned the right to use the CAIA designation.

Panelist

Emily E. Shanks, Portfolio Manager, Putnam Investments

Ms. Shanks is a Portfolio Manager in the Fixed Income group, specializing in investment-grade strategies. She is a Portfolio Manager of Putnam Income Fund and Putnam Short Duration Income Fund, as well as a variety of institutional mandates. Previously at Putnam, Ms. Shanks was an Analyst
in the Credit Research group, conducting fundamental analysis of high-yield and investment-grade
corporate-bond issuers in the retail and services sector, and making buy/sell recommendations. She joined Putnam in 2012 and has been in the investment industry since 1999.

Experience
Barclays Capital
Managing Director, High Yield Research Analyst, 2008–2012
Lehman Brothers
Vice President, High Yield Research Analyst, 2004–2008
Associate, Liability Management Group (structured credit desk), 1999–2004

Education
Williams College, B.A., Mathematics

Panelist

Mary Ellen Stanek, CFA Managing Director Chief Investment Officer - Baird Advisors President of Baird Funds

Education: 

B.A. Marquette University (1978), Magna Cum Laude, Phi Beta Kappa
M.B.A., University of Wisconsin, Milwaukee (1984)

Professional Designation:  Chartered Financial Analyst (1983)

Mary Ellen Stanek, CFA, has over 38 years of investment management experience.  She currently serves as Managing Director of Robert W. Baird & Co. and Chief Investment Officer of Baird Advisors responsible for $50 Billion in Assets under Management.  Additionally, she serves as President of the Baird Funds. Under Mary Ellen’s leadership, the Baird Advisors team was named a finalist for the Morningstar, Inc.’s 2016 Fixed Income Fund Manager of the Year Award. Previously she had served as President and CEO of Firstar Investment Research & Management Company.

Mary Ellen is a member of The CFA Institute, the CFA Society of Milwaukee, the Greater Milwaukee Committee (past Chair), Milwaukee 7 (past Co-Chair), Tempo (past President), and Professional Dimensions.

Mary Ellen serves on the boards of Baird Financial Group, Northwestern Mutual, and WEC Energy Group (NYSE:WEC).  She also serves on the boards of Boys and Girls Clubs (past Board Chair), Children's Hospital Foundation, Medical College of Wisconsin (past Board Chair), Milwaukee World Festival and United Way. She served on the Board of Marquette University where she chaired the Board and was elected Trustee Emerita. She has co-chaired annual campaigns for the United Performing Arts Fund and the United Way.

Mary Ellen has received the Marquette University Alumna of the Year (2010), the Marquette University College of Arts and Sciences Person for Others Award, Marquette University High School’s Spirit of St. Ignatius Award, The St. Francis Children's Service Award, The Tempo Mentor Award, The Business Journal Women of Influence Award, The Point of Light Award, Professional Dimensions Sacagawea Award, Wisconsin Business Hall of Fame Distinguished Executive Award, Baird’s Brenton H. Rupple Citizenship Award and the Herb Kohl Champion Award.  She and her husband were named “Parents of the Year” by COA Youth and Family Centers (2011). In 2012, she received the MVP Award from Boys & Girls Clubs.

Mary Ellen and her husband, Scott, have three children: Peter (Erin), Katie (Tim), and Patrick and three granddaughters: Emme, Abigail and Kathryn.

Panelist

Marie C. Winters, CFA, CAIA Senior Vice President Northern Trust Asset Management

Marie C. Winters, CFA, CAIA is a Senior Vice President in Northern Trust Asset Management’s Fixed Income Group which has $260 billion in AUM. Marie serves as a senior research analyst and manages a team of credit analysts for the high yield and investment grade portfolios. Also, she is a member of the Credit Strategy Committee. Prior to Northern Trust, Marie held a variety of credit-related assignments in high yield securities, distressed investments, corporate finance, and credit risk management at JPMorgan Chase (formerly First Chicago). For five years, she traveled around the world to six continents as part of a high profile group that were the “eyes and ears” for the Board of Directors, assessing credit quality and loan portfolio risks. She also led the credit due diligence for the two largest community bank acquisitions.

Marie is a CFA Charterholder and is Vice-Chair of CFA Society Chicago’s Board of Directors. Marie also is a CAIA Charterholder and is a member of CAIA’s Chicago Executive Committee. She also participates as a member of Chicago Finance Exchange’s Board of Directors and as an Executive Committee member of Washington University’s Chicago Professionals Network. She is a graduate of Washington University’s Olin Business School (MBA and recipient of Quant Award) and Knox College (B.A. Mathematics).

Annual Economic Luncheon - 2017

February 08, 2017

Connect with colleagues and prepare for the year ahead by attending our annual Economic Outlook Luncheon.

AGENDA

11:30am: Check-in
11:45am: Lunch service begins
12-1pm: Panel discussion

NOTE ABOUT THE VENUE

Please allow extra time to get through the lobby security at Willis Tower. We recommend that you arrive at the building no later than 11:30 to ensure that you don’t miss a word of the panel discussion.

Moderator

Sheila Noonan, Partner – Delegated Mandates Non-profit Organizations, AonHewitt

Sheila joined Aon Hewitt Investment Consulting, Inc. (AHIC) Delegated Investment Program as a Partner in Aug 2016.  Her primary responsibilities are as an Investment Program Manager working with E&F and NFP Healthcare Delegated Investment Clients to develop and implement investment solutions for their asset pools to meet the organization’s needs.  Sheila is also a key industry contributor to E&F and NFP Healthcare thought leadership.
 
Prior to joining AHIC, Sheila worked in the asset management industry as a senior consultant at Stratford Advisory Group and Rogers Casey, advising large institutional E&F and Healthcare clients across their asset pools, and as Head of Manager Research.  She was also a Product specialist / strategist focused on fixed income, credit, unconstrained, opportunistic and hedging strategies at UBS Global Asset Management and as a Client Advisor with a focus on E&F / NFP Healthcare at JP Morgan Asset Management.

Sheila has spoken at numerous industry conferences on various investment topics such as E&F investment structure, governance and spending policy, and NFP Healthcare investment structure, ERM and governance. Sheila graduated with an MBA (concentration in Financial Management and Strategy) from Loyola University of Chicago and a BA in Economics.

Sheila Noonan, Partner – Delegated Mandates
Non-profit Organizations
Aon Hewitt  |  Retirement and Investment

Panelist

Wendy Edelberg, Assistant Director of Macroeconomic Analysis Congressional Budget Office

In January 2016, Wendy Edelberg became an Associate Director for Economic Analysis, having served as the Assistant Director for Macroeconomic Analysis for almost five years. Just before coming to CBO in 2011, she was the executive director of the Financial Crisis Inquiry Commission, which released its report on the causes of the financial crisis in January 2011. Previously, she worked on issues related to macroeconomics, housing, and consumer spending at the President’s Council of Economic Advisers during two administrations. Before that, she worked on those same issues at the Federal Reserve Board. She received a Ph.D. in economics and an M.B.A. from the University of Chicago, and a B.A. from Columbia University.

Panelist

Samantha Azzarello, Vice President, J.P. Morgan

Samantha Azzarello, Vice President, is a Global Market Strategist on the J.P. Morgan Asset Management Global Market Insights Strategy Team. In this role, Samantha develops and communicates timely market and economic insights to retail and institutional clients across the U.S. Samantha joined J.P. Morgan in 2015. Before she joined the firm, Samantha worked at Bank of America Merrill Lynch Wealth Management as a multi-asset investment strategist within the Chief Investment Office. She was involved in formulating and communicating the firm’s economic and market outlook as well as asset allocation views. Samantha also worked at CME Group as an economist, where she conducted research and analyzed global economic developments that impacted the company’s business. She has published articles in the Review of Financial Economics and Journal of Investing. Samantha earned a master’s degree in Economics from New York University with a concentration in Econometrics. She received a bachelor’s degree in Economics from the University of Toronto. Samantha holds series 7 and 66 licenses.

Panelist

Dr. Ellen Rissman Economist & Sr. Policy Specialist, Federal Reserve Bank of Chicago

Dr. Ellen Rissman is an economist and senior policy specialist in the research department at the Federal Reserve Bank of Chicago where she takes a leading role in crafting the content of the president’s communications with the public. Additionally, she provides Federal Open Market Committee (FOMC) policy support, advising on the implications of government spending for growth and monetary policy. 

As a labor economist, Dr. Rissman’s research interests focus on the linkages between unemployment and self-employment, estimation of structural change in the labor market, the dynamics of labor unions, and determinants of employment growth over the business cycle. Her research has appeared in the Journal of Labor Economics, the Journal of Money, Credit and Banking, Economic Perspectives, and various Fed communications.  Dr. Rissman received her Ph.D. in economics from Northwestern University, where she continues to be an Adjunct Lecturer.

Holiday Party - 2016

December 07, 2016

 

Join us for food, drinks & networking with old and new friends!

Proceeds will support the Young Women's Leadership Charter School of Chicago's SAT Prep Program including new calculators and instructional materials.

All are welcome for Good Food, Good Cheer and Good Will!

 

REGISTER NOW

Annual Trailblazer Dinner - October 27, 2016

October 27, 2016

The Trailblazer Dinner is a high point of WIP’s annual calendar of events. Each year we focus on women who inspire us in achieving personal and professional excellence.

2016 Distinguished Woman Investment Professional Award Recipient

Deb Clarke, Global Head of Investment Research, Mercer Investment Consulting

Deb is Mercer’s Global Head of Investment Research, which includes responsibility for manager research and strategic research. Based in Chicago, Deb manages a group of over 100 asset class specialists across Hedge Funds, Fixed Income, Equities and Real Estate. She also oversees the teams responsible for Strategic Asset Allocation, Dynamic Asset Allocation, Strategic Research and Responsible Investing. These teams work together to support our full range of client solutions from Advisory to Fiduciary Management.

Deb was previously the Global Leader of Mercer's Equity Boutique, specialising in researching global and global emerging market equity managers. Deb is Chairman of Mercer's Global Policy Committee and a member of the Mainstream Assets Global Investment Committee.

Deb joined Mercer in November 2005 from Watson Wyatt, where she was a Senior Investment Consultant advising a range of clients and researching Asian and emerging market equity managers. Prior to this, Deb was a fund manager for 20 years, most recently working for Friends Ivory & Sime as Head of Equities.

Deb has a BA (Hons) in business studies from Plymouth University and is an Associate of the Society of Investment Professionals.

Keynote Speaker

Jana R. Schreuder, Chief Operating Officer, Northern Trust

Jana R. Schreuder is Northern Trust’s Chief Operating Officer, and a member of the Executive Management Group.

PREVIOUS ROLES:

  • President of Wealth Management
  • President of Operations & Technology
  • Chief Risk Officer
  • C&IS Group Head of the Public Entities and Institutions Segment
  • President and Chief Executive Officer of Northern Trust Retirement Consulting, L.L.C. (NTRC) in Atlanta, Georgia
  • Head of Wealth Management National Services
  • Northern Trust’s E-Commerce Director

Jana joined Northern Trust in 1980 as an employee benefits accountant. During her extensive career, she has also managed such areas as Securities Operations, Information Delivery and Risk and Performance Services.

Jana is currently a Director-Entrust Datacard Corporation; Director & Treasurer-Chicago Public Education Fund; Director-Lifepoint Health, Inc.; Director-Lyric Opera Chicago; Member-The Committee of 200 (C200); Co-Chair-Chicago Chapter of Women Corporate Directors (WCD); Member- The Chicago Network.

Founders Award Recipient

Joanne Hickman Dodd, SVP of Relationship Management, Capital Group

Joanne Hickman Dodd is a relationship manager at Capital Group. She has 32 years of investment industry experience and has been with Capital Group for two years. Prior to joining Capital Group, she was a managing director and global head of consultant relations at Northern Trust Asset Management, and a managing director and head of consultant relations, Americas, at UBS Global Asset Management. She holds an MBA from Loyola University Chicago Quinlan School of Business and a bachelor’s degree in finance and economics from Elmhurst College. She is a co-founder of Women Investment Professionals in Chicago. Joanne is based in Chicago.

Founders Award Recipient

Carla Straeten, Retired Managing Director at PNC Capital Advisors

2016 Members Only Series - Part Four

Understanding the Department of Labor’s Conflict of Interest Rule and its Impact on our Industry

October 06, 2016

The DOL’s recent ruling subjects a much wider group of advisers to fiduciary standards under Employee Retirement Income Act ("ERISA") that will impact broad categories of market participants.  Hear from a distinguished panel of experts to learn about the key goals and objectives behind the ruling, considerations for implementation, and impact on plan sponsors and investment advisors.

Panelist

Lori Lucas, CFA, Defined Contribution Practice Leader, Callan Associates

Lori Lucas, CFA, is an Executive Vice President and Defined Contribution Practice Leader at Callan Associates. Lori is responsible for setting the direction of Callan's DC business, providing DC support both internally to Callan's consultants and externally to Callan's clients, and developing research and insights into DC trends for the benefit of clients and the industry. Lori is a member of Callan's Management Committee and is a shareholder of the firm.

Formerly, Lori was Director of Retirement Research at Hewitt Associates. Lori has also served as a vice president at Ibbotson Associates, a pension fund consultant at J.H. Ellwood & Associates, and an analyst and product development leader at Morningstar, Inc.
Lori received a Bachelor of Arts from Indiana University and earned a Masters from the University of Illinois. Additionally, she earned the right to use the Chartered Financial Analyst® designation. Lori is a former columnist for Workforce Management online magazine and her views have been featured in numerous publications. She is Chair of the Defined Contribution Institutional Investment Association and the former Executive Chair of EBRI’s Research Committee. She is a member of NAGDCA. Lori is also a frequent speaker at pension industry conferences.

Panelist

Marla Kreindler, Partner, Morgan Lewis & Bockius

Marla J. Kreindler advises clients on a broad range of fiduciary governance, regulatory, and investment matters affecting sponsors, fiduciaries, and service providers to US tax-qualified retirement plans. Marla represents and counsels corporate, nonprofit, and governmental plan sponsors on their institutional retirement plans, as well as major record keepers, consulting and investment management firms, insurance companies, banks, and financial firms on managing and investing employee benefit plan assets and tax-qualified retirement plans. She serves as counsel to the Defined Contribution Institutional Investment Association (DCIIA) and is a regular speaker at national industry conferences (including those hosted by DCIIA and Pensions & Investments); before meetings sponsored by the Committee on the Investment of Employee Benefit Assets, the Worldwide Employee Benefits Networks, and Women Investment Professionals; at external cohosted events with other leading providers; and at Morgan Lewis–sponsored presentations. Marla has represented clients in matters before the US Department of Labor, the Internal Revenue Service, the US Securities and Exchange Commission, and other US regulators; has testified in hearings at the Department of Labor and the Employee Retirement Income Security Act (ERISA) Advisory Council; and has served as a judge for the Excellence and Innovation Awards sponsored by Pensions & Investments and DCIIA. She has also been recognized as one of 401(k)Wire’s Most Influential People in Defined Contribution.

Marla advises clients on the fiduciary standards and prohibited transaction rules of ERISA and related tax, banking, securities, and state insurance law requirements. She counsels clients on plan governance and fiduciary risk management and on a wide range of investment products, services, and contracting matters that arise in connection with the management and investment of employee benefit plan assets. This includes developing or negotiating plan and trust agreements and related policies and procedures, collective investment trusts, white label investment options, registered investment companies, domestic and offshore private funds, investment management, consulting and outsourcing agreements, administrative services agreements, brokerage agreements, commodities and derivatives documentation, and stable value contracts.

Moderator

Barbara Best, Principal, Capital Strategies Investment Group

Barbara is a Founding Partner and Principal of Capital Strategies Investment Group; and Co-founder of the Capital Strategies Women’s Forum.
Barbara supports institutional and individual client and service provider relationships. She is a regular speaker at industry functions and participates on service provider advisory boards to help those organizations improve their product and service offerings.  Barbara also helps manage the strategic growth of the firm’s institutional and private wealth practices.

As Co-founder of the Women’s Forum she dedicates her time to promoting the personal and professional success of women by developing resources, program strategies and content delivered by the firm and outside experts at Forum events. She is an advocate of the Forum’s vision which is women enriched by relationships and resources offering mutual support and experiencing benefits in all aspects of life.
Barbara has over 30 years’ experience in the financial services industry with the past 22 years focusing on corporate benefit programs.  Before Capital Strategies, she held various management roles at a global financial services firm that included client management, strategic business planning, product management and marketing.

Barbara received her B.A. in Economics, magna cum laude, from Boston College and studied at London School of Economics and Faculte des Lettres in France. She also received a Business Certificate in Finance from the Professional Program of New York University.  Barbara is an Accredited Investment Fiduciary (AIF®) and has received the PLANSPONSOR Retirement Professional (PRP) designation.

Capital Strategies Investment Group LLC is a Registered Investment Adviser that provides independent, fiduciary investment and retirement consulting to institutions and private wealth advisory support to individuals and families.   Capital Strategies advises on over $11B in assets and is headquartered in Oakbrook Terrace, IL.


 

More About Barbara Best, Principal, Capital Strategies Investment Group

Agenda
11:30 am – Guest Arrival / Buffet Opens
12:15 pm – Presentation Begins

From The Outer Edge to Mainstream

2016 Members Only Series - Part Three

Election: Will Election Outcomes Impact Your Investments?

September 15, 2016

Successful investing requires confidence in the future, and with new US government leadership in November 2016, there is bound to be significant change in the investment world. Between legislation changes that could occur and the new government's outlook and priorities, there is no shortage of topics to debate. This panel will explore their varying views on how issues such as hedge fund taxation, Wall Street reform, and foreign policy could impact institutional investors.

Moderator

David H. Smith, CFA, Managing Partner, Marquette Associates

Dave is a managing partner for Marquette Associates. An owner of the firm, Dave has been with the company since 2009. He serves as the lead investment consultant on several of the firm’s relationships and serves as the vice chair of the traditional investment manager search committee.

Prior to joining Marquette, Dave was a vice president of investor relations at Northern Trust Global Investments where he was responsible for developing business among significant institutional investors. He began his career at the Chicago Mercantile Exchange with a derivatives trading firm.

Dave holds a B.S.B.A. in finance from the University of Richmond and an M.B.A. in finance from the University of Chicago Booth School of Business. He is a CFA charterholder and a member of the CFA Society of Chicago.

Dave is co-chair of the Investment Management Alumni Roundtable at The University of Chicago Booth School of Business and serves on The Goodman Theater Scenemakers Board. In February 2013, Dave was named as a 2013 Rising Star of Public Funds by Money Management Intelligence.

Panelist

Michael S. Miller, PhD, Associate Professor of Economics, DePaul University

Dr. Michael S. Miller is an Associate Professor of Economics and Associate Dean for Academic Quality at DePaul University, where he has been teaching since completing his Ph.D. in 1980 at the University of Pittsburgh.  His expertise is in applied macroeconomics and business conditions analysis.  In addition to teaching macroeconomics and pursing research on the economy of Bahrain, Dr. Miller has spent 14 years in administration, serving as department chairman and associate dean.  He has twice been the recipient of the university’s Excellence in Teaching Award.  Dr. Miller has taught overseas as well, including time in Hong Kong, the Czech Republic, Poland, and Bahrain. He is a regular guest on Chicago radio and television, providing insights on macroeconomic conditions, fiscal policy and the Federal Reserve’s monetary decisions.

Panelist

Mary Duffy, Managing Director – Washington D.C., Andersen Tax

Mary Duffy is a Managing Director in the Andersen Tax National Tax Office. Mary’s experience includes advising clients on complex tax accounting issues, including issues arising as a part of IRS examinations and the financial statement implications of such issues under Accounting Standards Codification 740 and managing large implementation projects related to tax accounting methods.

Prior to joining Andersen Tax, Mary served as one of two Legislation Tax Accountants with the Joint Committee on Taxation (JCT). While with the JCT, Mary worked with key tax personnel within Congress in the development and drafting of tax legislation as well as various tax reform options. Mary also assisted in the review of large taxpayer refund claims submitted to Internal Revenue Service involving complex tax matters.

Prior to joining the JCT, Mary was part of Deloitte's National Federal Tax Solutions tax practice and specialized in tax methods of accounting. Mary began her career at Arthur Andersen in Chicago.

More About Mary Duffy, Managing Director – Washington D.C., Andersen Tax

Panelist

Aoifinn Devitt, CIO, Chicago Policemen’s Annuity and Benefit Fund

Aoifinn Devitt has worked with institutional clients for her entire investment career, which has spanned the US, Europe and Asia.  In April 2016 she assumed the role of CIO of the Chicago Policemen’s Annuity and Benefit Fund. From 2002 to 2006 she worked as a specialist consultant at Cambridge Associates Limited (London and Boston), where she specialized in the hedge fund area and worked with a range of institutional investors on their alternative allocations. In 2006 she established Clontarf Capital, a research and consulting firm with a particular focus on assisting public pension funds.  She focused on providing education, research, due diligence, portfolio construction, monitoring and rehabilitation advice and worked extensively with staff, investment committees and third parties to enable them to achieve their investment goals.  She also developed a particular specialty in Asia-focused alternatives, developing and leading a product focused on that area, as well as in the tactical asset allocation and opportunistic credit areas.

Previously Aoifinn worked in the investment banking division of Goldman Sachs in London and as a corporate attorney at Debevoise & Plimpton (New York and Hong Kong).

Aoifinn graduated from Trinity College Dublin with a first class degree in law and received a BCL (Oxon) and an MBA (INSEAD, Dean’s list).

Panelist

Laura Kernaghan, CFA, Investments Manager, Ann & Robert H. Lurie Children's Hospital of Chicago

Laura Kernaghan is the investments manager at Ann & Robert H. Lurie Children's Hospital of Chicago, where she provides day-to-day and strategic oversight over the hospital’s endowment assets, as well as the defined benefit and defined contribution plans. Prior to joining Lurie Children’s in 2013, Laura was an equity analyst at Essex Investment Management.

Laura received her BA in Economics from Loyola University Chicago and her MBA from the University of Chicago Booth School of Business. She is a member of the CFA Institute and CFA Society Chicago.

Advance Screening of Equity (Opens in Theaters August 12th)

WIP Membership Exclusive: Advanced Film Screening of “Equity” - Wednesday, August 10

Lights, Camera, Action! CFA Society Chicago Movie Night

August 10, 2016

Date: Wednesday, Aug. 10, 2016
Time: 5:00 pm – 8:00 pm
Location: AMC River East, 322 E. Illinois Street, Chicago, IL

Program Description:

When Senior investment banker Naomi Bishop (Anna Gunn) is passed over for a promotion at her firm, she fights for the opportunity to take a start-up public, hoping this promising IPO will secure her a place at the firm’s highest level. But when an employee at the start-up raises questions about a possible crack in the company’s walls, Naomi must decide whether to investigate rumors that may compromise the deal, or push forward with the confidence her superiors expect.

Soon Naomi finds herself tangled in a web of deception and office politics and begins to question if there is anyone she can trust. As the IPO draws closer, Naomi sees that the choices she has made for her career have left her very much alone. Forced to reexamine the rules of the cutthroat world she has always loved, she finds herself in a fight for her very survival. (YouTube)

​Equity Trailer: https://youtu.be/Xg2TSp5tJy4


Fee:  WIP Members - FREE (pricing underwritten by CFA Chicago)

Registration: Online

Attire: Business Casual

Agenda:

5:00 pm – 5:50pm: Networking (cash concessions)
6:00 pm – 7:40pm: Film Screening
7:40 pm – 8:00pm: Post-film Discussion (Talk back)

Annual Networking Event 2016

June 16, 2016

Annual Networking Event
June 16, 2016

This is a great opportunity to network with other financial professionals while enjoying the summer weather (fingers crossed!) in one of the most beautiful spots in the city.

Feel free to invite others, members and non-members, men and women, all are welcome!

Cost includes Hors d'oeuvres, wine, beer and soft drinks.


 

From The Outer Edge to Mainstream

2016 Members Only Series - Part Two

Investment Behavior: Will Millennials Change The Way We Work?

May 19, 2016

Millennials have surpassed baby boomers and Gen Xers to become the largest generation in the American workforce. They are gaining wealth and becoming decision makers in the marketplace and the workforce. Their views are different, their confidence is different, the way they access information is different. How is your organization shifting to keep up? We will discuss how this cultural move is shaping Defined Contribution Plans as well as impacting the workforce of plan sponsors, consultants and asset managers.

Moderator

Barbara Best, AIF® Partner and Principal Capital Strategies Investment Group LLC

Barbara is a Founding Partner and Principal of Capital Strategies Investment Group; and Co-founder of the Capital Strategies Women’s Forum.
Barbara supports institutional and individual client and service provider relationships. She is a regular speaker at industry functions and participates on service provider advisory boards to help those organizations improve their product and service offerings.  Barbara also helps manage the strategic growth of the firm’s institutional and private wealth practices.
As Co-founder of the Women’s Forum she dedicates her time to promoting the personal and professional success of women by developing resources, program strategies and content delivered by the firm and outside experts at Forum events. She is an advocate of the Forum’s vision which is women enriched by relationships and resources offering mutual support and experiencing benefits in all aspects of life.
Barbara has over 30 years’ experience in the financial services industry with the past 22 years focusing on corporate benefit programs.  Before Capital Strategies, she held various management roles at a global financial services firm that included client management, strategic business planning, product management and marketing.
Barbara received her B.A. in Economics, magna cum laude, from Boston College and studied at London School of Economics and Faculte des Lettres in France. She also received a Business Certificate in Finance from the Professional Program of New York University.  Barbara is an Accredited Investment Fiduciary (AIF®) and has received the PLANSPONSOR Retirement Professional (PRP) designation.
Capital Strategies Investment Group LLC is a Registered Investment Adviser that provides independent, fiduciary investment and retirement consulting to institutions and private wealth advisory support to individuals and families.   Capital Strategies advises on over $11B in assets and is headquartered in Oakbrook Terrace, IL.

Panelist

Jamie Eckert Mercer Investments Principal & Director of Client Consulting – Central Market

Jamie Eckert is a Principal in Mercer’s Chicago office. Jamie works with defined contribution and defined benefit clients in the development of asset allocation and investment policies, investment manager selection and monitoring, and performance measurement.  Jamie consults to 10 clients with assets ranging in size from $50 million to $165 billion and is a member of the Fixed Income Strategic Research Team, an internal group tasked with developing focused research and intellectual content to help frame the firm's consulting positions. In March 2016, Consulting Magazine named Jamie as one of the top 35 Under 35 Rising Stars of the Profession.

As the Director of Client Consulting in the Central Market, Jamie is responsible for assuring the ongoing development and enhancement of Mercer’s investment value proposition and market position across the spectrum. This includes developing Mercer’s service offerings and service model and developing stronger relationships across Mercer’s lines of business.

Jamie came to Mercer in March 2012 from Goldman Sachs where she was a Regional Consultant in the Investment Management Division.  Prior to that, she was an Associate at Merrill Lynch in the Institutional Research Sales Group.

Jamie holds a Bachelor of Arts degree from the University of Wisconsin and a Master of Business Administration at the University of Chicago where she also sits on the Admissions Committee.

Panelist

Kristan “Stan” Boyle, Vice President, National Intermediary Relations Prudential Retirement®

Kristan “Stan” Boyle, Vice President, National Intermediary Relations, is responsible for developing and maintaining relationships between and the nation’s top consulting and advisory firms. Her long and distinguished career, which began at Hewitt Associates, is highlighted by accomplishments in a variety of client facing and leadership roles. Prior to taking on her current role, Stan was Prudential’s Vice President of Consultant Relations for the Midwest territory, and speaks frequently at industry and intermediary conferences.
Stan entered the retirement industry in 1994 and joined Prudential in 1998. She earned her B.A. in organizational psychology from Barat College of DePaul University, graduating magna cum laude. She is a Series 7 and 63 registered representative, and holds a life insurance license.

YWLCS 9th Grade Networking for Success Forum

April 29, 2016

Professional Development Luncheon

The Art of Negotiation - Strategies Specifically for Women

April 27, 2016

Join us as we learn how to improve our negotiation skills from an expert in the field. Laurel Bellows will share her ideas regarding negotiating employment and severance agreements, promotions, raises, and other complex situations that arise at the office. She will cover strategies for both managers and employees. Laurel is an experienced mediator and arbitrator and she will outline what has worked well (and what has not worked) for her and her clients.

Agenda

11:30 am – Registration / Buffet Opens
12:00 pm – Guest Arrival
12:30 pm – Presentation Begins
 

Keynote Speaker

Laurel Bellows, Founding Principal, The Bellows Law Group, P.C.

Laurel Bellows, founding principal of The Bellows Law Group, P.C. is past president of the nearly 400,000 member American Bar Association, past president of The Chicago Bar Association and past president of the International Women’s Forum Chicago. Laurel is currently serving on the Executive Committee of the InterAmerican Bar Association.  Her law firm offers strategic business counseling and litigation services to entrepreneurs and business of all sizes, including large corporations.  Laurel is an internationally recognized business lawyer, counseling senior executives and corporations on executive employment and severance agreements, workplace disputes, business conduct standards, anti-trafficking, risk assessment, supply chain and recruiting policies and cybersecurity.  Laurel is an arbitrator and certified mediator and is licensed to practice in Illinois, Florida and California.

From the Outer Edge to Mainstream

2016 Members Only Series - Part One

Responsible Investing: Can You Do Well by Doing Good?

March 31, 2016

From social screens to an integrated environmental, social and governance (ESG) framework, responsible investing has taken a front seat during investment conversations across all asset classes. This panel will discuss the evolution of responsible investing and take a look at the different options available as well as the impact they are making on our society and portfolios. We will also take a look at how fiduciary duty applies to investors, in the specific context of responsible investing.

Moderator

Dianna (Di Iorio) Henrich, CFA, Senior Vice President, Portfolio Management GCM Grosvenor

Ms. Henrich serves as a Portfolio Manager on portfolios of various strategy mandates, on multi-strategy portfolios as well as on other specialized strategies and custom mandates including a women and minority-owned portfolio of hedge funds and ESG-sensitive portfolio. Ms. Henrich leads activities related to the construction, implementation and monitoring of portfolios. Prior to joining GCM Grosvenor, Ms. Henrich was a Senior Financial Analyst at Goldman Sachs in Private Wealth Management and worked closely with clients to make asset allocation and manager selection decisions. She was also previously at the JPMorgan Private Bank, where she worked with bankers, investors, wealth advisors, and fiduciary officers to service ultra high net worth individuals. Ms. Henrich received her Bachelor of Arts cum laude with department honors, double majoring in Economics and Mathematical Methods in the Social Sciences, from Northwestern University and her Master of Business Administration with honors and Beta Gamma Sigma membership from the University of Chicago Booth School of Business. Ms. Henrich holds the Chartered Financial Analyst® designation.

More About Dianna (Di Iorio) Henrich, CFA, Senior Vice President, Portfolio Management GCM Grosvenor

Panelist

Kristy Jenkinson, Managing Director, Wespath

Kirsty joined the General Board’s Wespath division in May 2014. She leads Wespath’s sustainable investment strategy team, ensuring that environmental, social and governance (ESG) issues are integrated into Wespath’s investment selection and monitoring process. She also directs Wespath’s corporate engagement, portfolio screening and proxy voting activities. Previously, Kirsty was director of the Markets and Enterprise Program at the World Resources Institute, a Washington, D.C.-based global research organization. She also spent eight years as a Director of Governance and Sustainable Investment at F&C Asset Management and six years in the Fixed Income division of Goldman Sachs International, London. Kirsty currently sits on the board of the Business and Human Rights Resource Centre. She received an M.A. degree in International History from the University of Edinburgh, Scotland.

Panelist

Timothy P. O'Donnell, CAIA, Senior Vice President, Fund Evaluation Group

More About Timothy P. O'Donnell, CAIA, Senior Vice President, Fund Evaluation Group

Senior Vice President

  • Investment professional since 1995
  • FEG team member since 1999
     

Education:
BA in History and Political Science, Miami University
 

Experience:
Robert W. Baird & Co. – Research Assistant
 

Memberships:

  • Bikes Belong
  • Hoosier Environmental Council
  • Hoosier Mountain Bike Association
  • US SIF - The Social Investment Forum
  • The Sierra Club
  • CAIA Association
Close

Annual Economic Luncheon

No snow, only somewhat cold, but lots of market ice!

February 10, 2016

Connect with colleagues and prepare for the year ahead by attending our annual Economic Outlook Luncheon. This always-popular event will once again be moderated by Cynthia Fryer Steer, Head of Manager Research and Investment Solutions for BNY Mellon Investment Management.  She will lead our distinguished group of panelists to discuss the current investment climate and their outlook for the coming year.

AGENDA

Registration and Networking: 11:30 am
Lunch and Panel Discussion: 12:00 pm

NOTE ABOUT THE VENUE

Please allow extra time to get through the lobby security at Willis Tower. We recommend that you arrive at the building no later than 11:30 to ensure that you don’t miss a word of the panel discussion.

Moderator

Cynthia Fryer Steer

Cynthia Fryer Steer, former Head of Manager Research and Investment Solutions for BNY Mellon Investment Management

She was responsible for performance oversight, due diligence, and analysis of investment performance across BNY Mellon Investment Management. She was the senior investment advisor to the executive management of BNY Mellon Investment Management and served as a member of the BNY Mellon Asset Management Operating Committee and the BNY Mellon Benefit Investment Committee.  She also focused on measuring and analysing the firm’s investment strategies, as well as its overall solutions effort.  In addition, Cynthia provided ongoing thought leadership on global investment strategy.

Cynthia joined BNY Mellon in January 2012 from Russell Investments, where she was managing director for investment strategy and consulting.  She was responsible for working with clients on investment policy decisions, development of liquidity strategies, and asset allocation, including emerging and frontier markets.  In 2011, Cynthia earned the aiCIO 2011 Foreign Exchange Award.

Before joining Russell, Cynthia was the chief research strategist at Rogerscasey and oversaw global investment management and capital markets research, emerging and frontier markets research, and fixed income manager research. She served on the Rogerscasey management committee, the fiduciary investment review committee, and the strategic research committee.

Cynthia has been a member of the Global Emerging Markets Local Currency Bond Initiative (GEMLOC) Committee of the World Bank since 2005, and has served as the Chairwoman of GEMLOC since 2009.  Her experience also includes managing the assets of a broad spectrum of major public and corporate pension plans, including those of several Fortune 500 companies, investments for high-net-worth individuals and families, and public and private endowment funds.  Cynthia serves on the board of the Hartford Foundation for Public Giving, the New Haven Community Foundation, and the Episcopal Diocese of Connecticut.  From 1997 to 2002, she served as chief investment officer for the City of Hartford and SBLI, a New York-based insurance company.

Cynthia received her bachelor’s degree from Smith College, an M.B.A. in Finance from The Wharton School at the University of Pennsylvania, and an MS from The Bank School.  Among other honors, she was named the 2010 distinguished investment professional of the year by Women Investment Professionals.  She has written and lectured widely on strategic investment matters.

 

Panelist

Megan E. Greene, Managing Director and Chief Economist, Manulife Asset Management

Megan E. Greene is a managing director and chief economist at Manulife Asset Management, responsible for forecasting global macro-economic and financial trends and analyzing the potential opportunities and impacts to support the firm’s investment teams around the world. Previously, Megan ran her own London-based economics consulting practice, Maverick Intelligence, serving clients who leveraged her analysis of economic, political, policy and social developments and the impact these were likely to have on the global economy. Prior to Maverick, she was director of European Economics at Roubini Global Economics and the euro crisis expert at the Economist Intelligence Unit.
Education: Princeton University, BA in Political Economy, 2001; Oxford University, Nuffield College, MSc in European Studies, 2006
Joined Company: 2014
Began Career: 2001

Panelist

Carl Tannenbaum, Executive Vice President and Chief Economist, Northern Trust

Carl Tannenbaum is an Executive Vice President and Chief Economist for Northern Trust. In this role, he is responsible for briefing clients and partners on the economy and business conditions, preparing the bank’s official economic outlook, participating in forecast surveys, and publishing weekly commentaries. He sits on numerous internal committees, including the Capital Committee, Investment Policy Committee, Asset/Liability Management Committee, and the Business Leadership Council. Carl consults on measurements of liquidity and interest rate risk. He also creates scenarios, reviews credit models and defines and pursues best practice as it relates to stress testing and capital adequacy.

Prior to joining Northern Trust, Carl led a team at the Federal Reserve Bank of Chicago whose charter was to analyze financial risk, its implication for the broad economy and policy choices to address it. He served as the head of the entire Federal Reserve System's risk group in Washington for a year, working closely with Federal Reserve System Governors and senior officials. Preceding his work at the Federal Reserve, Carl served as chief economist and head of balance sheet management at LaSalle Bank/ABN AMRO, where he worked for 24 years.

Carl received a bachelor's degree in finance and economics and a Masters of Business Administration degree from the University of Chicago. He is a past chairman of the Conference of Business Economists and also a past president of the National Association for Business Economics and the North American Asset/Liability Management Association.

Panelist

Hesna Genay, Vice President and Monetary and Financial Policy Advisor, Federal Reserve Bank of Chicago

Hesna Genay is a vice president and monetary and financial policy advisor in the research department at the Federal Reserve Bank of Chicago. She provides policy advice to the president of the bank in his role in the Federal Open Market Committee (FOMC), participating in all aspects of the policy discussions. Genay also provides economic and financial policy input to the Board of Directors of the Federal Reserve Bank of Chicago and participates in the Board meetings. In addition, she contributes to the bank’s public outreach functions and frequently gives presentations to business and academic audiences on the economic outlook, financial markets, and monetary policy.

Genay’s areas of expertise are in evaluating the interplay between monetary policy and financial regulation and their impact on economic activity and financial markets; analyzing the role of financial stability in monetary policy; and assessing the systemic risk of financial institutions.

In the past, Genay has conducted research on the Japanese banking system, corporate finance and governance, small business financing, and venture capital. Her research appeared in the Journal of Money, Credit and Banking, the Journal of the Japanese and International Economies and Brookings-Wharton Papers on Financial Services. Genay received a bachelor's degree in economics and a Ph.D. in international economics from the University of Rochester.

Panelist

Deb Clarke, Global Head of Investment Research, Mercer

Deb is Mercer’s Global Head of Investment Research, which includes responsibility for manager research and strategic research. Based in Chicago, Deb manages a group of over 100 asset class specialists across Hedge Funds, Fixed Income, Equities and Real Estate. She also oversees the teams responsible for Strategic Asset Allocation, Dynamic Asset Allocation, Strategic Research and Responsible Investing. These teams work together to support our full range of client solutions from Advisory to Fiduciary Management.
Deb was previously the Global Leader of Mercer's Equity Boutique, specialising in researching global and global emerging market equity managers. Deb is Chairman of Mercer's Global Policy Committee and a member of the Mainstream Assets Global Investment Committee.

Deb joined Mercer in November 2005 from Watson Wyatt, where she was a Senior Investment Consultant advising a range of clients and researching Asian and emerging market equity managers. Prior to this, Deb was a fund manager for 20 years, most recently working for Friends Ivory & Sime as Head of Equities.

Deb has a BA (Hons) in business studies from Plymouth University and is an Associate of the Society of Investment Professionals.

SAVE THE DATE

Holiday Party

December 09, 2015

Join WIP members and non-members to network and celebrate the holiday season!

Net proceeds will benefit the East Garfield Park Learning Center at Deborah's Place. For the past 25 years, Deborah's place has worked to break the cycle of homelessness through compassionate, innovative, and award-winning programs. Their dedicated volunteers and staff support women through their journeys from homelessness to permanent supportive housing with comprehensive services.

 

SAVE THE DATE

Trailblazers Dinner - 2015

October 22, 2015

The Trailblazer Dinner is the high point of our yearly programs focusing on women who inspire us in achieving personal and professional excellence.

Keynote Speaker

Geeta Aiyer, CFA, President and Founder of Boston Common Asset Management

Geeta Aiyer, CFA, President and Founder of Boston Common Asset Management, combines training and experience in finance with passion for the environment and social justice. Under Geeta's leadership, Boston Common, now over $2 billion in assets under management, has built a strong investment record and substantially improved the policies and practices of portfolio companies through shareowner engagement since the firm's inception in 2003.


Geeta previously served as the President of Walden Asset Management, and has worked at both the United States Trust Company of Boston and Cambridge Associates, Inc. In addition, Geeta has founded two previous companies, Walden Capital Management and East India Spice, as well as an NGO, Direct Action for Women Now (DAWN).


Geeta was honored with the Joan Bavaria Award (2015), the SRI Service Award (2013) at the SRI Conference (Sustainable, Responsible, Impact Investing) and the Women's Venture Fund's Highest Leaf Award (2010). Boston Common received a Human Rights Award (2013) from the Political Asylum Immigration Representation Project (PAIR) and was named one of the top 100 women-led firms in Massachusetts (2013, 2014).


Geeta serves on the UN-supported Principles for Responsible Investment (PRI) Association Board and on the Board of Directors of the Sierra Club Foundation, Earthworks, YW Boston, and Ubuntu at Work, a global non-profit for women. She was formerly on the boards of the Worldwatch Institute and the New England Foundation for the Arts. An activist in her personal life, Geeta attended the Keystone Pipeline Rally in 2013 and engages for peace, immigration reform and chemical safety. She has an MBA from Harvard Business School, and BA (Hons) and MA degrees from Delhi University, India.



 

More About Geeta Aiyer, CFA, President and Founder of Boston Common Asset Management



 

Close

2015 Trailblazer of Year Recipient

Geri Hansen, Co-Founder and Managing Director of Attucks Asset Management, LLC

Ms. Hansen was Co-Founder and served as the Chief Investment Officer for Attucks Asset Management from 2001 through 2014. At Attucks, Ms. Hansen was responsible for the strategic design, research and development of Attucks’ emerging manager-of-managers funds, along with co-managing the firm. The assets under management at Attucks grew from zero to $2.5 billion under Ms. Hansen’s leadership. She currently serves as Senior Investment Advisor and a member of Attucks’ investment committee.

Prior to co-founding Attucks, Ms. Hansen held senior positions in the investment consulting industry. She was a Principal at Mercer Investment Consulting, with responsibility for large client relationships in the public and corporate arenas. While at Mercer Investment Consulting, she conducted asset/liability modeling studies, helped sponsors select investment managers and evaluated fund performance on a quarterly basis. Ms. Hansen headed Mercer’s defined contribution consulting practice in the Midwest region.

Previous to her work at Mercer Investment Consulting, Ms. Hansen was a consultant for Towers Perrin. In addition, she was employed at the Chicago Board Options Exchange, where she helped develop new derivative products, and at First Chicago, where she served as an Economist.

Ms. Hansen holds an A.B. and an M.A. in Economics from The University of Chicago. She has served on a number of not-for-profit boards of directors, most notably the President and Vice-President of Women Investment Professionals and the Board of Trustees of the Illinois College of Optometry where she was the Chair of the Finance Committee. She currently serves on the Steering Committee of the Women’s Board of The University of Chicago and is a member of the Chicago Finance Exchange.

Third in a Three Part Series

2015 Members Only Series - Part Three

The Next Generation in Investment Innovation: Opportunities, Risks, and Inevitable Uncertainty

September 10, 2015

As we learned from last year’s Members Only Series, new investment strategies have blurred the lines between asset classes, creating more complexity in the industry’s traditional pie chart view of asset allocation.  

While more complex, this shift enables plan sponsors to reexamine plan design under a new framework.  It provides investment managers with an opportunity to redefine core competencies and empowers the Consultant and other service providers to deliver education and solutions and to make bolder recommendations to clients. 

This innovation is all being done in the name of achieving return targets for institutional investors.  Please join us for three panel discussions that focus on innovation in our industry.

Plan Design Innovation: Using Derivatives to Achieve a Target Outcome

Plan sponsors are increasingly willing to view their portfolios in non-traditional ways and are using derivatives to achieve target outcomes. One example would be the use of derivatives to implement dynamic portfolio rebalancing and to obtain synthetic beta exposure. This panel will discuss various ways in which institutional investors are seeking to obtain target returns in the use of both the active and passive use of derivatives-based strategies.

MODERATOR

Anne Coupe, Managing Director, Head of Consultant Relations Americas UBS Global Asset Management

Anne Coupe, Managing Director, is Head of Consultant Relations, Americas for UBS Global Asset Management. She leads the development of UBS Global Asset Management's strategy to enhance current relationships and develop new business through investment consultants. Under Anne's leadership, the Consultant Relations team aims to:

• Build strong relationships with senior management, researchers and field consultants
• Develop business through consultants in the Americas
• Outline a specific strategy relevant to each consulting firm
• Work with investment teams to ensure strategies are pertinent and vetted for the consultant ratings process
• Work with sales partners to maximize current searches from existing ratings
• Support Product Management to identify new product needs and assist with product reviews

Anne is a member of the Americas Management Team, which provides guidance and oversight to the client service, sales and marketing groups.  At UBS, Anne also serves as President of the Chicago Chapter of All Bar None, an organization that promotes women in the workplace. 

Anne has nearly 15 years' experience in banking and 10 in investment consulting. Previously, Anne was head of the U.S. consultant team at Deutsche Bank, an equity product specialist at William Blair and Co., and  a senior client service manager at Bank One Corp.  Anne worked as an investment consultant both with Callan Associates and Mercer.

Anne graduated from the University of Virginia with a Bachelor of Arts in American Government, and earned her Masters in Business Administration from Duke University's Fuqua School of Business.

Featured Panelist

Mark E. Thompson, Chief Investment Officer BP America Inc.

Mark Thompson was appointed Director, Trust Investments & CIO May 2015 for BP America after serving 7 years as Deputy CIO and Chief Strategist. He joined Amoco Controller’s department in July 1980 and has spent the last 32 years in various capacities in the Trust Investments group. Mr. Thompson was appointed Treasurer & CIO of the BP Foundation, a philanthropic subsidiary of BP America, in 2002, following 10 years as Assistant Treasurer. His involvement has been with external managers both on the public and private side, internal management, and the trading of derivatives overlays for both alpha generation and beta replication in the portable alpha arena. Additionally, he serves on the advisory boards of VSS Communications Partners, Doughty Hanson and VantagePoint Venture Partners. He received a BS in Computer Science and Applied Mathematics and an MBA from Washington University in St. Louis in 1980.

Featured Panelist

Angela Cantillon, CFA, CAIA, Associate Partner and senior researcher in the liquid alternatives investment group at Aon Hewitt Investment C

With 14 years of institutional investment experience, Angela is an Associate Partner and senior researcher in the liquid alternatives investment group of Aon Hewitt Investment Consulting. She is actively involved in the sourcing, evaluating, conducting due diligence, and monitoring of direct hedge funds and fund of hedge funds and leads liquid alternatives (hedge fund) programs for a select number of Aon Hewitt retainer and project clients. Her additional responsibilities include educating client on hedge funds, participating in industry conference and panel discussions and advising clients on structure, selection, and implementation of hedge funds into their portfolios. Prior to joining Aon Hewitt, Angela was a senior investment consultant for a boutique investment consultancy, the manager of corporate finance for a $5 billion publicly traded multinational firm and the Corporate Treasurer for the YMCA.

She has a B.S. degree in finance from Northern Illinois University and M.B.A. degree from the University of Chicago Booth School Of Business, is a CFA charterholder, a CAIA charterholder, a member of CFA Institute, and a member of the CFA Society of Chicago.

Featured Panelist

Richard Morris, Vice President, Institutional Derivatives Sales, RBC Capital Markets

Richard Morris is a senior member of the Institutional Derivatives sales team at RBC. He focuses on providing derivative-based solutions to insurance companies, asset managers, pensions, endowments, and foundations. Prior to joining RBC, Richard held similar positions at Deutsche Bank, JPMorgan, and Nomura. Richard holds a BS in Business Administration from Boston University and an MBA from Carnegie Mellon’s Tepper School of Business, and is a CFA charterholder.

Reception

Members are invited to attend a cocktail reception following the Members Only Panel Discussion. Drinks and Hors d'Oeuvres will be served while guests are invited to network on the Terrace at Morningstar.

Networking Event

Women Investment Professionals Summer Membership Networking Event

Sponsored & Hosted by Harris Associates

August 13, 2015

 

All are invited to Join us for food, drinks and networking with old and new friends

WIP has selected Deborah’s Place this year as our beneficiary for our annual Holiday Party taking place at Seven Lions on Michigan Avenue Wednesday, December 9, 2015 and WIP will be making a donation.

We ask that if you are able attend our free networking event in August, that you consider purchasing a gift card to Walgreens, Jewel, or any local general store or grocery for a donation to Deborah’s Place – as low as $10 would be greatly appreciated.

Deborah’s Place is a not for profit organization that helps homeless women in the Chicago area with temporary housing, skills training, job placement, and ultimately getting them into their own home.

Registration prior to the event is required for 2 reasons: guests must check in upon arrival with building security, and space is limited to 100 attendees. The event is open to both WIP Members and Non-Members.

Women’s Cocktail Reception & Networking Event

Sponsored by Invest for Kids

July 08, 2015

Featuring a discussion on the markets with:
Judy Greffin, CIO of Allstate
Michelle Seitz, Partner and Head of William Blair Investment Management

Hosted by:
Stacy Devine, Citi Private Bank
Jennifer Flandina, Deutsche Bank
Lauren Hamlin, Merit Capital Partners
Terry Holt, EGI
Devi Koya, Koya Law LLC
Kate Lindberg, Sawdust Investment Management
Samantha Mann
Stephanie Mesheski, Balyasny Asset Management
www.investforkidschicago.org

Annual Networking Event

June 18, 2015

This is a great opportunity to network with other financial professionals while enjoying the summer weather (fingers crossed!) in one of the most beautiful spots in the city.
 
Feel free to invite others, members and non-members, men and women, all are welcome!
 
Cost includes Hors d'oeuvres, wine, beer and soft drinks.

Second in a Three Part Series

2015 Members Only Series - Part Two

The Next Generation in Investment Innovation: Opportunities, Risks and Inevitable Uncertainty

May 28, 2015

As we learned from last year’s Members Only Series, new investment strategies have blurred the lines between asset classes, creating more complexity in the industry’s traditional pie chart view of asset allocation.  

While more complex, this shift enables plan sponsors to reexamine plan design under a new framework.  It provides investment managers with an opportunity to redefine core competencies and empowers the Consultant and other service providers to deliver education and solutions and to make bolder recommendations to clients. 

This innovation is all being done in the name of achieving return targets for institutional investors.  Please join us for three panel discussions that focus on innovation in our industry.

Outcome Oriented Investing: What it Means for Defined Benefit and Defined Contribution Plans

What exactly is “outcome oriented investing”?  Weren’t we doing that all along?  Why are things different today and why the renewed focus?  This panel will focus on topics such as the appropriate actuarial rate of return and renewed focus on lower volatility investments for DB plans as well as the increasing reliance toward DC plans and, subsequently, on Target Date Funds to achieve outcomes for the end participant.
Agenda

Registration begins at 3:45pm
Program starts promptly at 4:15pm

Light refreshments will be served

MODERATOR

Ashwini Apte, CAIA

Ashwini Apte, CAIA,  serves as a Defined Contribution Senior Consultant for NEPC’s DC Practice Group.  She joined NEPC in 2005 and works with defined contribution and defined benefit plans in all aspects of plan evaluation consulting.  She works with clients to facilitate asset allocation studies, manager searches, plan design, performance measurement and various technical projects.  Additionally, Ashwini serves on the Defined Contribution Fee Team, which conducts an annual Plan and Fee Survey that helps plan sponsors better benchmark investment management and record keeping fees.  She is also a senior member of NEPC’s International Equity Research Advisory Group, which functions to continuously improve research efforts within this asset class.
Prior to joining NEPC in 2005, Ashwini was a Financial Advisor at Morgan Stanley where she constructed and implemented comprehensive financial plans, including retirement plans, for high net worth individuals through the use of tactical and strategic asset allocation techniques and risk performance analysis.

Ashwini earned a Master’s in Finance from Brandeis University in 2004 and a B.A. in Economics, with a Minor in Mathematics from Brandeis University in 2003.  She became a Chartered Alternative Investment Analyst designee in 2009.  She is currently pursuing the Accredited Investment Fiduciary (AiF) designation.

PANELIST

Kristen Doyle, CFA

Kristen Doyle, CFA, partner, is the Public Fund Client Practice Leader, responsible for developing and supporting the firm’s public fund business. Kristen also manages consulting assignments for a select number of Aon Hewitt Investment Consulting retainer and project clients. Kristen is a member of the firm’s client advisory group and assists with client projects that require her expertise, which are primarily public pension plans and foundations/endowments. Kristen is responsible for assisting these plans with asset allocation advice, risk budgeting, asset/liability reviews, benchmarking, and manager and asset class structure.

Kristen also leads the Trust Services Team, which is a team of 6 specialists focused on custody, securities lending, and transition management. Kristen and her team assist clients with searches for vendors in these three areas as well as with structuring a custody or securities lending relationship as well as assessing the risks associated with these programs from an operational perspective.

With regard to transition management, Kristen is also the Global Head of Transition Management, responsible for managing the transition management research and implementation team in the U.S., the U.K., and Canada. Kristen is responsible for overseeing the quality of advice HEK provides to clients when assisting in the implementation of a transition event as well as the global research conducted on transition managers.

Prior to joining the firm, Kristen worked at Northern Trust in the custodial operations group for over two years. Kristen holds a B.A. in economics from Denison University. She is a CFA charter holder, a member of CFA Institute, and a member of the CFA Society of Chicago. Kristen joined the firm in 2005.

PANELIST

Leslie K. Lenzo, CFA

Leslie K. Lenzo, CFA is Vice President, Treasury & Chief Investment Officer at Advocate Health Care in Downers Grove, IL.  In her role at Advocate, Ms. Lenzo oversees the investment of $6.5 billion in corporate and pension assets.  She also oversees the investment options available via Advocate's defined contribution plans.  Prior to Advocate Ms. Lenzo spent seven years in the investment office at Northwestern Memorial Healthcare in Chicago, where her responsibilities spanned the gamut from operations to investing across the portfolio.  Ms. Lenzo started her career with the investment program at Partners Health Care in Boston and she then took a brief detour to the sell side, spending two years in equity research covering Healthcare Services at SG Cowen.  Ms. Lenzo holds a BA in Economics and Government from Georgetown University and a MBA in Finance from Boston University.  She is also a CFA charter holder.  Ms. Lenzo resides in Illinois with her husband, three young sons, and their Boston Terrier.

PANELIST

Dagmar Nikles, CFA, CAIA, FRM

Dagmar Nikles, CFA, CAIA, FRM, Managing Director, is the head of Investment Strategy for BlackRock's US & Canada Defined Contribution Group.

Ms. Nikles's service with the firm dates back to 2003, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, she was a senior investment strategist responsible for delivering defined contribution strategies and solutions to clients in the US and Canada. She also held the position of senior portfolio manager with the Allocations and Solutions Group, overseeing the management of all defined contribution funds, including LifePath. Prior to joining BGI, she was a portfolio manager with Zurich Scudder Investments/ Zurich Insurance.

Ms. Nikles earned a BBA degree in business administration from the University of Applied Science, Switzerland, in 1996, an MS degree in finance from the University of Melbourne in 1997, and an MS degree in financial planning from Golden Gate University, San Francisco, in 2010.

Professional Development Lunch

Navigating and Building a Career in Finance

April 09, 2015

WIP will be spotlighting several successful women who represent various aspects of asset management.  We will hear about their paths to success, the choices they made,  the skills needed for their current jobs, the challenges they overcame, and the people who were there to help them along the way.

MODERATOR

Lynn Russell

Lynn Russell began her career in financial services in 1981 at Continental Bank. She spent 11 years as a corporate lender, primarily in project finance, and taught credit analysis in the bank’s training program. She has managed research projects for the Bank Administration Institute, analyzed equity and fixed income mutual funds at Morningstar, and did research in the closed end fund department of Nuveen Investments. She retired in 2014 after seven years as Manager of Fixed Income for the Marco Consulting Group where she performed quantitative and qualitative due diligence on fixed income managers for Taft-Harltey pension funds. Lynn holds a B.A. from St. Catherine’s University in St. Paul, MN, an M.B.A. from the University of Chicago as well as an M.A. and M.L.S. from the University of Wisconsin, Madison and a Certificate of Graduate Studies from the University of Michigan. She is a Chartered Financial Analyst charterholder.

PANELIST

Nichole Roman-Bhatty, CIMA®

Nichole Roman-Bhatty, CIMA® Managing Partner
Nichole Roman-Bhatty is a managing partner for Marquette Associates. An owner of the firm, Nichole has been with the company since 1998. She serves as the primary investment consultant on several of the firm’s relationships. Her primary client focus is on non-profits, religious, public and corporate plans. Nichole is the Director of Religious Services and is also Chair of the Impact Investing Group and professional development committees.

Prior to joining Marquette, Nichole served as a credit manager at Norwest Financial. She holds a B.S. in finance from Michigan State University and an M.B.A. from the University of Notre Dame.

Nichole is a member of the Investment Management Consultants Association (IMCA), a board member of the Defined Contribution Institutional Investment Association (DCIIA), a member of the National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) and a member of the National Association of Securities Professionals (NASP). She is the past president for Women Investment Professionals – Chicago and a Board member of the Julia Center.

PANELIST

Shannon Zoller

Shannon Zoller is a Managing Director at GCA Savvian and a member of the Private Funds Group. Shannon has more than 13 years of advisory and capital raising experience and has led fundraisings for a wide variety of strategies including domestic and international; buyout, venture capital, mezzanine, restructuring/turnaround, growth capital and real asset funds. Prior to GCA Savvian, she was a senior member of the UBS Private Funds Group. Shannon previously led investor relations for Sterling Partners and started her career as a corporate attorney with FagelHaber, LLC. Shannon earned her B.A. from the University of Illinois and her JD from the Chicago-Kent College of Law.

PANELIST

Charlotte Walsh, CFA

Charlotte J. Walsh, CFA

Charlotte Walsh is a Director of Consultant Relations at Putnam Investments. She has worked in consultant relations for the past 13 years, including roles at Ranieri Partners, Allegiant Asset Management, Oppenheimer Capital, and Banc One Investment Advisors (now JP Morgan). She has represented a wide-range of investment products from long-only U.S. and non-U.S. equities, core fixed income, unconstrained fixed income, hedge fund-of-funds, distressed whole loans and private equity fund-of-funds. Prior to her move to investment management, she spent 10 years in institutional investment consulting, where she was a senior consultant and Principal at Mercer Investment Consulting and Stratford Advisory Group (now Pavilion). She began her career as a credit analyst at IBJ. Charlotte attended Northwestern University and is a Chartered Financial Analyst charterholder. Charlotte is a past Board member of Women Investment Professionals and is a current Board member of the Evanston Dance Ensemble.

First in a Three Part Series

2015 Members Only Series - Part One

The Next Generation in Investment Innovation: Opportunities, Risks and Inevitable Uncertainty

March 19, 2015

As we learned from last year’s Members Only Series, new investment strategies have blurred the lines between asset classes, creating more complexity in the industry’s traditional pie chart view of asset allocation.  

While more complex, this shift enables plan sponsors to reexamine plan design under a new framework.  It provides investment managers with an opportunity to redefine core competencies and empowers the Consultant and other service providers to deliver education and solutions and to make bolder recommendations to clients. 

This innovation is all being done in the name of achieving return targets for institutional investors.  Please join us for three panel discussions that focus on innovation in our industry.

Responses to Shifts in Global Capital Markets: Technology and Regulation

Changes in capital markets regulations are done in the name of improving transparency and governance, and, ultimately, protecting the end investor.   Technological developments have created more efficient ways to operate, but also pose increased risks.  Participants are being forced to adapt their business models as a result.    How have institutional investors, consultants, money managers, and third party providers adapted to these shifts?

The panelists will address how they and their clients are adapting to an increased need for risk management and transparency in the current regulatory and technological environment.

MODERATOR

Stacy Scapino

Stacy is a partner and the Global Leader for Mercer's Investments Multinational Consulting activities.

Stacy has 20 years of experience within the pension, investment and banking industries. Prior to assuming her current role, Stacy was the Global Leader and founding member of the Mercer Sentinel® Group, a specialist business unit within Mercer focused on operational and execution risks. Before founding Sentinel, Stacy led the UK Implementation Consulting teams. Prior to joining Mercer in the UK, Stacy was based in Mercer's Chicago, Illinois office, where she led the United States Custody and Asset Administration team and the Defined Contribution Resource Centre.

Stacy came to Mercer from the Federal Reserve Bank of New York, where she was a senior financial analyst responsible for research and policy development in Bank Supervision. Her primary responsibilities were to provide Federal Reserve Senior Management and the Federal Reserve Board of Governors with analyses related to domestic and international capital markets, accounting and capital adequacy issues.

Stacy has a Bachelor of Science in finance from the University of Illinois and a Master of Arts in international economics and European history from the Johns Hopkins University Paul Nitze School for Advanced International Studies. She is a CFA Charterholder.

PANELIST

Marla J. Kreindler

Marla J. Kreindler is a partner in Morgan Lewis's Employee Benefits and Executive Compensation Practice. Ms. Kreindler concentrates her practice on the management and investment of employee benefit plan assets and tax-qualified retirement plans and on the establishment of, and investment in, private funds.

Ms. Kreindler is well versed in the application of ERISA's fiduciary standards and prohibited transaction rules and related banking, securities, and state insurance law requirements. She also regularly counsels clients on their qualified retirement plans, including 401(k) and defined benefit plans. Ms. Kreindler represents a wide range of publicly traded and privately held corporations and non-profit entities, as well as major banks, investment advisory and financial services firms, insurance companies, broker-dealers, and private and government pension funds.

Prior to joining Morgan Lewis, Ms. Kreindler was a partner in the corporate and employee benefits and executive compensation departments of an international law firm, resident in Chicago.

Ms. Kreindler received her J.D. from the University of Michigan Law School in 1987 and her B.A. from the University of Michigan in 1984. She also attended the London School of Economics and Political Science in 1982. Ms. Kreindler is admitted to practice in Illinois.

PANELIST

Eileen L. Neill, CFA

Eileen L. Neill, CFA, Managing Director
Wilshire Associates Incorporated, Los Angeles

Ms. Neill is a consulting team leader and is responsible for providing investment consulting services to institutional plan sponsors including public pension funds, private pension plans, endowment/foundations, and insurance companies. These services include asset/liability studies, investment policy development and implementation, manager evaluation, selection and monitoring, performance measurement and evaluation, asset class and investment strategy research, plan sponsor education, and custom projects. Ms. Neill has been a consulting team leader at Wilshire for over fifteen years and has worked predominantly with large public pension funds with assets ranging from $5 to $150 billion in the development and implementation of their respective investment programs. In addition to defined benefit plan consulting, Ms. Neill also engages in consulting to defined contribution plans, healthcare operating funds, and taxable clients.

Ms. Neill’s background at Wilshire includes asset class and capital market research which resulted in white papers as well as dozens of asset/liability studies for both tax-exempt and taxable investors. Additionally, she has spoken at many conferences on a variety of subjects including derivatives investing, strategy implementation, and performance-based fees.

Ms. Neill received a B.S. in Marketing Research from the University of Arizona and an M.B.A. in Finance from Chapman University. She holds a Chartered Financial Analyst designation and is a member of the Los Angeles Society of Financial Analysts.

More About Eileen L. Neill, CFA



 

Close

PANELIST

Jennifer N. Stack, Ph.D

Jennifer N. Stack, Ph.D., Head of Risk Management, Managing Director, Grosvenor Capital Management

Ms. Stack is the Head of the Public Markets Risk Management Team. Ms. Stack and her team are responsible for independently reviewing each potential investment manager, assessing the risk in GCM Public Markets Funds in conjunction with the  Portfolio Management Team, and working with the Information Technology Team to build and deploy analytical tools. She graduated summa cum laude with her Bachelor of Arts in Economics and Mathematics from Wellesley College in 2001. She was a National Science Foundation Graduate Research Fellow at Harvard University, where she completed her Doctor of Philosophy in Economics in 2005.

PANELIST

Karrie Foley

Karrie Foley is Vice President, FINRA, Member Relations and Education. Ms. Foley is responsible for leading a program to assess member firms’ experience with FINRA systems and services and socializing the Technology Strategy. She partnered with FINRA technology and business lines to improve the user experience for all FINRA systems used by our member firms. She also runs the FINRA Compliance Resource Provider Program, where FINRA works with vendors that offer compliance-related products and services to regulated firms at negotiated discounts. In addition, she led the selection and implementation of FINRA’s Events Mobile application and assumed responsibilities supporting the FINRA Industry Education Program. On another front, she is leading the effort to redesign the Firm Gateway platform. Prior to taking on this role, Ms. Foley served as the Product Manager for the RAD and Testing and Continuing Education (CE) suite of systems.  Ms. Foley began her tenure with FINRA (then NASD) in 1994 as a Project Analyst. Prior to joining FINRA, she served as a Business Analyst for BRS Software Projects in McLean, Virginia. She is a graduate of Virginia Polytechnic and State University where she earned a Bachelor of Science Degree in Business Management.

Agenda

Registration begins at 3:45pm
Program starts promptly at 4:15pm

 

2015 ANNUAL ECONOMIC OUTLOOK

Annual Economic Luncheon

Panel Discussion

February 11, 2015

Connect with colleagues and prepare for the year ahead by attending our annual Economic Outlook Luncheon. This always-popular event will once again be moderated by Cynthia Fryer Steer, Head of Manager Research and Investment Solutions for BNY Mellon Investment Management.  She will lead our distinguished group of panelists to discuss the current investment climate and their outlook for the coming year.

AGENDA

Registration and Networking: 11:30 am
Lunch and Panel Discussion: 12:00 pm

NOTE ABOUT THE VENUE

Please allow extra time to get through the lobby security at Willis Tower. We recommend that you arrive at the building no later than 11:30 to ensure that you don’t miss a word of the panel discussion.

MODERATOR

Cynthia Fryer Steer

Cynthia Fryer Steer, Former Executive Vice President, Head of the Manager Research Group, Performance Analytics, and Investment Solutions, BNY Mellon Investment Management
Cynthia Steer was Head of Manager Research and Investment Solutions for BNY Mellon Investment Management.

She was responsible for performance oversight, due diligence, and analysis of investment performance across BNY Mellon Investment Management. She was the senior investment advisor to the executive management of BNY Mellon Investment Management and served as a member of the BNY Mellon Asset Management Operating Committee and the BNY Mellon Benefit Investment Committee.  She also focused on measuring and analysing the firm’s investment strategies, as well as its overall solutions effort.  In addition, Cynthia provided ongoing thought leadership on global investment strategy.

Cynthia joined BNY Mellon in January 2012 from Russell Investments, where she was managing director for investment strategy and consulting.  She was responsible for working with clients on investment policy decisions, development of liquidity strategies, and asset allocation, including emerging and frontier markets.  In 2011, Cynthia earned the aiCIO 2011 Foreign Exchange Award. 

Before joining Russell, Cynthia was the chief research strategist at Rogerscasey and oversaw global investment management and capital markets research, emerging and frontier markets research, and fixed income manager research. She served on the Rogerscasey management committee, the fiduciary investment review committee, and the strategic research committee. 

Cynthia has been a member of the Global Emerging Markets Local Currency Bond Initiative (GEMLOC) Committee of the World Bank since 2005, and has served as the Chairwoman of GEMLOC since 2009.  Her experience also includes managing the assets of a broad spectrum of major public and corporate pension plans, including those of several Fortune 500 companies, investments for high-net-worth individuals and families, and public and private endowment funds.  Cynthia serves on the board of the Hartford Foundation for Public Giving, the New Haven Community Foundation, and the Episcopal Diocese of Connecticut.  From 1997 to 2002, she served as chief investment officer for the City of Hartford and SBLI, a New York-based insurance company. 

Cynthia received her bachelor’s degree from Smith College, an M.B.A. in Finance from The Wharton School at the University of Pennsylvania, and an MS from The Bank School.  Among other honors, she was named the 2010 distinguished investment professional of the year by Women Investment Professionals.  She has written and lectured widely on strategic investment matters.

PANELIST

Gregory Bond, CFA

Head of Hedge Fund Strategies at Man Numeric

Greg is responsible for the day-to-day management of Man Numeric’s (‘Numeric’) Hedge Fund offerings, including the Numeric Multi-Strategy. Greg is also a member of the Strategic Alpha Research Team and Numeric’s Investment Committee. Greg’s research in fundamental value, informed investor behavior, and volatility have contributed to new alpha innovations and stock selection sleeves. Greg joined Numeric in 2003.

Prior to joining Numeric, Greg worked as a Quantitative Analyst for Baker Investment Group. Prior to that, he worked as a Research Associate for Professor Michael E. Porter at the Harvard Business School.

He holds an M.B.A. from Harvard Business School with Distinction and a B.A. in Economics and in Biology, magna cum laude, from Yale University. Greg is a CFA charterholder.

PANELIST

Anastasia Amoroso, CFA

Anastasia Amoroso, Vice President, is a Global Market Strategist on the J.P. Morgan Funds Global Market Insights Strategy Team. In this role, Anastasia is responsible for delivering timely market and economic insight to both institutional and retail clients across the country.

Anastasia has appeared on CNBC, Bloomberg TV and is often quoted in the financial press.

Prior to joining J.P. Morgan, Anastasia managed global tactical multi-asset portfolios and performed investment due diligence at Merrill Lynch, as well as provided consultative financial advisory services to high-net-worth families and businesses. Previously, Anastasia held several financial analysis, research and strategic business planning positions with both private and public sector organizations.

Anastasia is a CFA charterholder. She graduated summa cum laude with a Bachelor’s degree in Finance and a minor in Political Science from the University of New Mexico. She is fluent in English and Russian and proficient in French. Anastasia holds Series 7, 66 and 9/10 licenses.

PANELIST

Hesna Genay

Hesna Genay
Vice President and Monetary and Financial Policy Advisor

Hesna Genay is a vice president and monetary and financial policy advisor in the research department at the Federal Reserve Bank of Chicago. She provides policy support to the president of the bank in his role in the Federal Open Market Committee (FOMC), his interactions with the Board of Directors of the Federal Reserve Bank of Chicago, and the bank’s public outreach functions.
Genay’s areas of expertise are in evaluating the interplay between monetary policy and financial regulation and its impact on economic activity and financial markets; analyzing the role of financial stability in monetary policy (and vice versa); and assessing the systemic risk of financial institutions.
In the past, Genay has conducted research on the Japanese banking system, corporate finance and governance, small business financing, and venture capital. Her research appeared in the Journal of Money, Credit and Banking, the Journal of the Japanese and International Economies and Brookings-Wharton Papers on Financial Services. Genay received a bachelor's degree in economics and a Ph.D. in international economics from the University of Rochester.

WIP Holiday Party

December 10, 2014

Proceeds to benefit Young Women's Leadership Charter School, the only all-girls public school in Chicago, which enrolls nearly 350 urban girls grade 8-12 and prepares them with the tools to graduate high school, continue through post-secondary education, and go on to lead fulfilling and productive lives.

www.ywlcs.org

Co-hosted by Women Investment Professionals and Chicago Financial Women

The Evolution of the Hedge Fund Industry

November 04, 2014

Join us for a presentation by Roxanne Martino, Chief Executive Officer, Investment Committee Chairperson and Partner of Aurora Investment Management L.L.C. Aurora is an industry-leading rovider of hedge fund solutions with over $9 billion in assets under management. Ms. Martino will provide her perspective on the evolution of the hedge fund industry – from its origins with high net worth individuals investing in commingled funds to customized portfolio solutions developed for institutions and finally, the movement into the retail investment mainstream with the advent of daily liquidity funds. In addition, with CalPERS’s recent announcement to exit hedge funds, Ms. Martino will offer her take on the future of the alternative investment industry.

SPEAKER

Roxanne Martino is Chief Executive Officer, Investment Committee Chairperson and Partner, Aurora Investment Management L.L.C.

Roxanne Martino is Chief Executive Officer, Investment Committee Chairperson and Partner of Aurora Investment Management L.L.C. Aurora manages over $9 billion in hedge fund assets, including customized portfolio solutions and a registered mutual fund. The firm’s alternative asset businesswas established in 1988 with the launch of Aurora LimitedPartnership, which was developed by Ms. Martino.

Ms. Martino has served on the Finance Advisory Board of DePaul University Chicago, is a Council Member of the Chicago Booth School of Business, member of The Economic Club of Chicago, the Business Advisory Council (past Chairperson) of the Mendoza College of Business of the University of Notre Dame and has served three terms as a Director of The Investment Analysts Society of Chicago. She is also Director of Thresholds (former Chairperson), a Chicago based not-for-profit psychiatric rehabilitation organization, serves on the Investment Subcommittee of Catholic Relief Services, serves on the Board and Investment Committee of Lurie Children’s Hospital of Chicago and its Research Center and is a Chairperson of its current Campaign. She is a Life Trustee of Fenwick High School, and a member of The Chicago Network. In 2014, Ms. Martino was honored by DePaul University as the “DePaul University Financial Executive of the Year” based on her lifetime of professional achievement.

Ms. Martino received a Bachelor of Business Administration from The University of Notre Dame in 1977 and an MBA from The University of Chicago in 1988.

SAVE THE DATE

Trailblazers Dinner - 2014

Achieving Success through Empowering Others

October 16, 2014

The Trailblazer Dinner is the high point of our yearly programs, focusing on women who inspire us in achieving professional and personal excellence.

 

 

KEYNOTE SPEAKER

Kelly M. Williams, J.D. President of GCM Grosvenor Private Markets Private Markets Investment Committee Member Managing Director

Ms. Williams is President of GCM Grosvenor Private Markets and a member of its Investment Committee and Management Committee. Prior to joining GCM Grosvenor, Ms. Williams was a Managing Director and the Group Head of the Customized Fund Investment Group of Credit Suisse Group AG from 2000 to 2013. She was previously an Executive Director with Prudential's private equity group, which she co-founded in 1999. Prior to joining Prudential, Ms. Williams was an Associate with Milbank, Tweed, Hadley & McCloy LLP, where she specialized in global project finance. She graduated magna cum laude from Union College in 1986 with a Bachelor of Arts degree in Political Science and Mathematics and received her Juris Doctor from New York University School of Law in 1989. Ms. Williams has served as a mentor to fellows of the Robert Toigo Foundation since 2006, was the 2010 recipient of its Leading by Example award and joined its Board in 2011. She was elected to the YWCA Academy of Women Leaders in 2007 and is the founding board chair of the Private Equity Women Investor Network. In addition, she is chair of the LP Advisory Board for the Sponsors for Educational Opportunity Program and also serves on the boards of several other organizations, including the Council of Urban Professionals and the Association of Asian American Investment Managers. Ms. Williams is a member of the Metro Chapter of the Young Presidents Organization, and a member of both the Board of Trustees and the investment committee at Union College. She is a member of the New York bar.

2014 Trailblazer of the Year Recipient

Janna L. Sampson, CFA Co-Chief Investment Officer OakBrook Investments, LLC

Ms. Janna Sampson is a founding Member and Co-Chief Investment Officer at OakBrook Investments, LLC.  Founded in February 1998, OakBrook Investments is a boutique investment adviser specializing in quantitative and economics based investment strategies.  OakBrook Investments manages more than $2 billion in US equity strategies primarily for institutional clients. Ms. Sampson is responsible for portfolio management, client service and trading functions at OakBrook and is the firm’s Managing Member.

Prior to forming OakBrook, Ms. Sampson was Vice President and Senior Portfolio Manager at ANB Investment Management & Trust Co. (“ANB”) in Chicago.  While at ANB, she managed several active investment funds including ANB’s LargeCap Growth Fund, BalancePlus Fund and the Prairie International Equity Mutual Fund.  Ms. Sampson began her career at ANB in 1983 as an Investment Analyst.  Prior to joining ANB, Ms. Sampson was a Research Analyst at Waldner & Co., an investment research boutique, and taught economics at the College of DuPage.  Ms. Sampson received a master’s degree, cum laude, in economics from Georgia State University and a bachelor’s degree with honors in economics and political science from the University of Denver. 

Ms. Sampson is a CFA Charterholder, member of the CFA Society Chicago and the Chicago Finance Exchange (CFE), the Chicago area's preeminent group for women in finance.   Ms. Sampson currently serves on the CFE's Philanthropy Committee working to provide financial education and support to disadvantaged women and girls in the Chicago area.  She has also worked on the DuPage Habitat for Humanity Women Build project helping to provide housing for less fortunate women and their families in DuPage County, Illinois.  In September 2014, she completed her third Avon Walk for Breast Cancer walking 39.3 miles to raise funds for breast cancer research and support.  In her free time, Ms. Sampson loves to hike, ski, read and spend time in her native Colorado.

Ms. Sampson has been seen on ABC World News, Good Morning America, CNBC, Fox News, CBS MarketWatch, and Bloomberg News.  She has been featured in Forbes, Money, The New York Times, The Washington Post, The Financial Times, The Chicago Tribune, Investment News and other publications.

Please be advised that photographs will be taken at the event for use on the WIP website and in the other marketing materials. By entering this event, you consent to The Women Investment Professionals photographing and using your image and likeness

Join us for food, drinks and networking with old and new friends

Meet and Greet Happy Hour

October 02, 2014

This informal networking event is being offered to allow our members a chance to invite other exceptional women in finance or finance-related industries to learn more about the WIP organization.

New members, old members, potential members -- all are welcome.

The event is a cash bar; there is no cost for the event itself.

 

The Third in a Three Part Series

2014 Members Only Series: Toward Convergence:

The Evolving Roles of Consultants, Investment Managers, and Asset Classes in 2014 and Beyond

September 11, 2014

Blurring the Lines Between Asset Classes: A Portfolio View

Asset class definitions are changing.  Public equity is no longer just defined as daily, liquid, long-only strategies.  It may encompass other types of strategies that access the public equity space, such as options-oriented strategies or long/short equity strategies.  Should a portfolio’s fixed income bucket include longer-dated opportunistic credit allocations?  Who covers these strategies within fund offices and consultant research teams?  How are plan sponsors re-categorizing their asset allocations along the lines of risk, liquidity, and role in a portfolio?

Light refreshments will be served.

Agenda
Registration begins at 3:45pm
Program starts promptly at 4:15pm

MODERATOR

Catherine Hickey, The Marco Consulting Group

Catherine joined The Marco Consulting Group in 2013 as Director of Capital Markets Research. She has more than 12 years of experience in capital markets research and consulting. Prior to joining MCG, Catherine was responsible for developing macroeconomic and capital market research at Marquette Associates. Before joining Marquette she worked at the World Bank Group, where she specialized in capital markets and corporate governance research, including the creation of a social media platform to monitor emerging market treasuries for debt management issues. Prior to the World Bank Group, Catherine advised hedge fund, private equity and corporate clients for Stax, a Chicago strategy consultancy. She also previously served as the lead mutual fund analyst for several high-profile fund families at Morningstar, Inc. Catherine has been widely quoted as an investment expert throughout the national and local media, including Businessweek, Marketwatch, CNN and the Chicago Tribune. Catherine began her career as a reporter for the Star Newspapers, now a division of the Sun-Times Media Group, covering local government issues in Chicago.

Catherine holds a B.S. in journalism from Northwestern University and an M.B.A. from the Wharton School at the University of Pennsylvania.

PANELIST

Seth Bancroft, Senior Research Analyst, NEPC

Seth Bancroft is a senior research analyst in the traditional manager research group at NEPC, where he assists with fixed income related research, manager searches, and technical projects. Seth is the lead member of the Fixed Income Advisory Group and is also a member of the Global Asset Allocation Advisory Group. He identifies new strategies for potential placements in NEPC's clients' plans and conducts due diligence on events to assess the level of impact to the clients' plans. In addition to his manager research responsibilities, he is responsible for monitoring global fixed income markets broadly, assessing conditions and identifying attractive asset class opportunities and investment strategies across fixed income. Seth joined NEPC’s research team in 2011. Prior to joining NEPC, he worked as an analyst in Pioneer Investments operations group. Seth received his B.A. in Economic from Tufts University and is currently pursuing the Chartered Financial Analyst designation.

More About Seth Bancroft, Senior Research Analyst, NEPC

PANELIST

Amanda Barhite Carter, CFA, Portfolio Manager, Parametric

Amanda Barhite Carter joined Parametric in 2004* as Project Manager. In that role, she coordinated over-the-counter documentation, served as the Dodd-Frank implementation manager, and led the Risk Management Committee. In 2013, she was promoted to Portfolio Manager where she works primarily on overlay programs used to meet client risk management needs. Prior to joining Parametric, Amanda was a Senior Consultant with Global Markets Consultants Ltd., training investment banking clients in the areas of derivatives and capital markets. Previously, Amanda worked at JP Morgan as a Vice President in Global Derivatives Sales and Trading where she executed over-the-counter transactions for institutional clients. Amanda has a BA in Economics from Yale and an MBA with a concentration in Finance from Wharton. She is a CFA charterholder and a member of the CFA Society of Minnesota.

*Reflects the year employee was hired by The Clifton Group, which was acquired by Parametric Portfolio Associates LLC on December 31, 2012.

PANELIST

Bluford Putnam, Managing Director and Chief Economist, CME Group

Bluford (Blu) Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. He is responsible for leading economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company's business strategy. He also serves as CME Group's spokesperson on global economic conditions and manages external research initiatives.

Prior to joining CME Group, Putnam gained more than 35 years of experience in the financial services industry with concentrations in central banking, investment research and portfolio management. He most recently served as Managing Partner for Bayesian Edge Technology & Solutions, Ltd., a financial risk management and portfolio advisory service he founded in 2000. He also has served as President of CDC Investment Management Corporation and Managing Director and Chief Investment Officer for Equities and Asset Allocation at the Bankers Trust Company in New York. His background also includes economist positions with Kleinwort Benson, Ltd., Morgan Stanley & Company, Chase Manhattan Bank and the Federal Reserve Bank of New York.

Putnam holds a bachelor's degree in liberal arts from Florida Presbyterian College (later renamed Eckerd College) and a Ph.D.in economics from Tulane University. He has authored five books on international finance, as well as many articles that have been published in academic journals and business publications.

Annual Networking Event

June 26, 2014

This is a great opportunity to network with other financial professionals while enjoying the summer weather (fingers crossed!) in one of the most beautiful spots in the city.

Feel free to invite others, members and non-members, men and women, all are welcome!

Sponsored by CFA Society Chicago

10 Leadership Lessons from Women MAKERS

What is MAKERS? Learn More

June 03, 2014

10 Leadership Lessons from Women MAKERS


Time: 5:00 - 7:00 p.m.
Location: Northern Trust, 50 S. LaSalle St, Chicago, IL  60603
 
Register Today
  
Program Description:
What does it take to be a groundbreaker? Award-winning executive producer Betsy West shares behind-the-scenes stories and surprising insights from interviews with the most influential women in America -- from Meg Whitman to Ursula Burns to the late Muriel Siebert -- all part of the innovative and inspiring MAKERS series from AOL and PBS. We will see and discuss women trailblazers in finance, women who reached the C-suite and women who prospered in traditionally male professions.
 
You Will:
• Learn how women trailblazers in finance and business achieved their career dreams
• Hear the stories of women groundbreakers as they share their leadership lessons
• Gain insight into how women can work together to advance all of us
• Connect with Chicago women groundbreakers in finance

Partner Organizations:
100 Women in Hedge Funds (100WHF)
Chicago Finance Exchange (CFE)
Women Investment Professionals (WIP)

Attire: Business Casual 

Menu: Refreshments and light appetizers

Registration: Register 

Agenda:
5:00pm - 5:15pm: Registration & Networking
5:15pm - 6:45pm: Program w/ Q&A
6:45pm - 7:00pm: Informal Networking

Hosted by: CFA Women Advisory Group

________________________________________
*Special Notes Regarding Fees:
Regular, Candidate, and Affiliate Members may apply function tickets as payment for Non-member or Student-Member. Credit card required to guarantee ALL reservations except for reservations using Function Tickets. Day-of-event 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, May 29.

Passport Program
This is a "Passport Program." Members of any CFA society may attend at the CFA Chicago member rate.  If you are only a member of CFA Institute, you do not qualify for the society member rate.

Visit www.cfachicago.org/events 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.

The Second in a Three Part Series

2014 Members Only Series: Toward Convergence:

The Evolving Roles of Consultants, Investment Managers, and Asset Classes in 2014 and Beyond

May 21, 2014

Investment Product Convergence

This session will focus on the increasing trend of product convergence.  The once distinct worlds of private equity, hedge funds, and mutual funds are converging.  Alternative investments that were once offered only to large, sophisticated investors are now available to the masses, and the qualities once thought to be most appropriate for retail investors—transparency, liquidity, and low fees—are now sought by institutions. What is driving this trend?  How is this viewed by the plan sponsor community? What are the potential risks? Who will be the beneficiaries of this trend?

Light refreshments will be served.

Agenda
Registration begins at 3:45pm.
Program starts promptly at 4:15pm

Register Now

 

MODERATOR

Kweku Obed, CFA, CAIA Marquette Associates

Kweku Obed, CFA, CAIA Senior Vice President
Kweku Obed is a senior vice president for Marquette Associates. As a member of the investment consulting team, Kweku is actively involved in the daily management and administration of client relationships. He has more than 15 years of investment experience and is a frequent speaker at industry conferences.

Kweku joined the firm from Mercer Investment Consulting, where he served as a principal and senior investment consultant in their Chicago office. His responsibilities included working with defined benefit and defined contribution clients on asset allocation, performance measurement and analysis, investment manager search, and investment policy development. Prior to Mercer, Kweku worked at Merrill Lynch Investment Managers (now part of BlackRock) as an assistant vice president in their tax-exempt fixed income research group.

Kweku holds a B.S. with honors in economics from Queen Mary College, University of London, and a M.S. in development economics from SOAS, University of London. He is a recipient of the Bernard Corry Prize in Economics. Kweku is a CFA charterholder, CAIA charterholder and contributor to the official CAIA textbook, CAIA Level I: An Introduction to Core Topics in Alternative Investments, Second Edition. He is a member of the board of trustees for the La Rabida Children’s Hospital and a recipient of the Harlem YMCA 2013 Black Achievers in Industry award for corporate and community leadership.

PANELIST

Christian Galipeau, Senior Investment Director, Global Asset Allocation, Putnam Investments

Mr. Galipeau is a Senior Investment Director in Putnam’s Global Investment Strategies group, dedicated to
Global Asset Allocation products. In this role, he is responsible for developing and launching new products for the institutional marketplace; defining product messaging for existing products; providing ongoing marketing and sales support; interpreting and communicating performance, positioning, and strategy to existing clients; and gathering market intelligence on trends in the global marketplace. Mr. Galipeau joined Putnam in 2013 and has been in the investment industry since 1992.

Experience
DG Capital Management
Director of Research and Associate Portfolio Manager, 2006–2012

Alpha Equity Research, Inc.
President, 1994–2006

Fidelity Investments
Marketing Director, Fidelity Investments Institutional Services,  1992–1994

Education
University of New Hampshire, M.B.A., Financial Management
Salem State University, B.S., Business Administration, Finance
 

PANELIST

JOSEPH R. KNECHT, CFA, CFP® Director Investment Advisory Services CTC Consulting | Harris myCFO

Joseph Knecht is a Director of Investment Advisory Services with CTC Consulting | Harris myCFO, an integrated wealth management provider that serves ultra-affluent individuals, families and family offices across their tax, estate, investment, philanthropic, risk and family capital needs.

CTC Consulting | Harris myCFO serves over 300 wealthy individuals and families across the United States and internationally, and oversees more than $39 billion in assets under management or advisement, with an additional $43 billion in assets under custody and administration

Joseph joined the organization in 1991, and has over 22 years of experience in the financial services industry. Joseph specializes in developing specifically tailored asset management programs for large and complex trust and investment relationships. He serves on the Personal Trust Investment Committee, the Alternative Investments Committee and the Benefits Investment Committee.
Mr. Knecht became a CERTIFIED FINANCIAL PLANNER™ practitioner in 2007 and earned the Chartered Financial Analyst® designation in 2001. He is active in the CFA Society of Chicago and was elected Chairman of the Society in June 2008. He received his BA from Harvard University, with a concentration in Physics. He was awarded an MBA with high honors by the University of Chicago Booth School of Business, where he concentrated in Finance and Marketing.
Joseph and his wife live in Chicago, IL.

PANELIST

Marta Norton, CFA, Investment Manager, Morningstar Investment Services

Norton's responsibilities include equity, alternative and fixed income research, asset allocation and portfolio management. Previously, she was a senior mutual fund analyst for Morningstar, Inc.'s fund analyst team. She also led the Morningstar 529 college savings plans coverage and was the lead analyst on long-short funds, small-value funds, and telecom funds. Before joining Morningstar in 2005, Norton was an economist with the Bureau of Labor Statistics and a research analyst at LECG, LLC. Norton holds a bachelor's degree from Wheaton College in Illinois and is a CFA charterholder.

Professional Development Luncheon

Focus on the Individual

April 10, 2014

The annual WIP Professional Development luncheon focuses on the individual.  This year we have invited an expert panel which includes a resume consultant, an executive presence consultant, and a story facilitator. 

The past five years have impacted all of us in unique ways.  Whether the financial markets caused displacement, trapped you in a job or career path that was unintended, forced you to realize this was not the career for you, or prevented you from making a change, there was an impact.  This panel was designed to talk about how to reinvigorate your career, update your resume, develop a job search strategy, value your talent, present an impactful executive presence, and inspire you to make an informed decision about your career direction.

 

Click to register

MODERATOR

Christine Edwards, Partner, Winston & Strawn

Christine Edwards represents Boards of Directors; special committees; chief legal officers; and financial services companies. Ms. Edwards focuses on the regulation of the financial services industry— particularly the securities and banking industries—as well as corporate governance and public and regulatory policy issues. She is a partner in Winston & Strawn’s corporate practice group.

Ms. Edwards provides proactive counsel to clients on corporate governance, public company boards of director issues, banking and securities industry regulation, risk management, consumer banking and securities transactions, and privacy and identity theft matters. She also has extensive experience supervising complex internal investigations and regulatory defense matters.

Prior to joining the firm in 2003, Ms. Edwards was executive vice president and chief legal officer at Bank One Corporation, a predecessor to JPMorgan Chase, one of the nation’s largest bank holding companies. She was in charge of Bank One’s 500-person legal, compliance, government relations, and regulatory management department, with responsibility for the bank’s worldwide legal and compliance needs. Previously, Ms. Edwards served as chief legal officer for large, international financial services firms, including Morgan Stanley and ABN AMRO, North America.

Ms. Edwards received a B.A. in English and Education in 1974 from the University of Maryland and a J.D., with honors, from the University of Maryland School of Law in 1983.


 

PANELIST

Elizabeth Handlin, CEO, Ultimate Resumes LLC

Liz Handlin, CEO of Ultimate Resumes, has an MBA from the University of Chicago, more than 20 years of experience writing resumes, and a career that includes a variety of high profile roles at the Federal Reserve Bank of Chicago, Director of Human Resources for APV’s offices in the U.S. and Latin America, and Director of Recruiting for Deloitte & Touche’s Illinois Practice.   Liz specializes in writing high quality resumes for senior executives in companies that range from venture backed start-ups to Fortune 500 publicly traded companies.

(512) 249-5325
liz.handlin@ultimateresumes.com
www.ultimateresu

PANELIST

Susan Fignar, Pur-sue Inc., Executive Presence and Relationship Management

Since 1991, Susan has worked with many leading corporations and has positively impacted the careers of thousands of professionals with her unique coaching and training style. She has coached professionals at all levels to reinvent and re-brand themselves, develop an executive presence, sharpen their etiquette skills, expand and leverage their network and strengthen their leadership skills.  Susan teaches people how to exceed their potential by providing them with the necessary skills and action steps for personal and professional excellence.

(312) 259-7907
sfignar@pur-sue.com
www.pur-sue.com

PANELIST

Esther Choy President & Chief Story Facilitator

When Esther worked as an admissions officer at Chicago Booth, she had to tell countless number of highly qualified but denied candidates that they didn't demonstrate their 'fit.'

What is fit?  How do you capture it?  And how do you describe it in ways that decision makers find resonating? 

In the process of teaching leadership to Northwestern undergraduate students, getting her own MBA at Kellogg, winning business plan competitions and coaching hundreds of individual and corporate clients, Esther has figured out a way.  Her firm, Leadership Story Lab, combines the science of persuasion and the art of storytelling to help clients gain a competitive edge.

Her crowning achievement is coming up with a pitch for an investment management firm and helping her client become one of the first western asset management firms to win a Chinese sovereign wealth fund mandate. 

Storytelling, as Esther defines it, is the strategic sequencing of facts and emotion.  You don’t need to be a superhero to tell great stories.  All you need is process, framework, practice and lots of coaching.

312.520.0059
Esther@LeadershipStoryLab.com
LeadershipStoryLab.com

Click see what stories look like on a chart

 

WIP Leadership Councils

March 16, 2014

WIP empowers women in the institutional investment community through strategic networking, professional and personal development, actionable education, and community outreach initiatives.
 
Background:  WIP has grown and evolved into a vibrant women’s organization by offering its members exclusive access to best in class educational content on timely topics by leading industry experts.  WIP Leadership Councils would build on this tremendous success by providing members a forum where WIP members can deepen their network with peers in the industry, develop mentors, and invest in their personal and professional growth in a confidential and supportive environment.  
 
Council Structure:  Each leadership council will consist of between six and ten WIP members.  Women will be matched according to roles and firms, with the goal of creating a diverse group of members in order to optimize the effectiveness for members and the Councils. Where possible, there would be at least one “senior” woman on each council who could act as a mentor to younger, less experienced women in the group.
 
Meeting Format:  Councils would meet monthly for 60 minutes via teleconference calls at a convenient time to be determined by each group. (Dates and times for all meetings would be agree upon via Doodle before the first meeting).  Calls would be recorded, and available for replay for members who are unable to attend.  Each interactive call/meeting would be facilitated by a coach/moderator adhering to the following format:
 
• Greetings and Centering exercise - 5 minutes
• Members share successes and challenges and progress toward their goals - 20 minutes
• Topic and group discussion - 25 minutes
• Review development assignments and goals for the coming month - 10 minutes
 
Apart from the regular meetings, each Council would be encouraged to meet on a semi-annual or quarterly basis for drinks, dinner, or to collaborate on a service project.  In between meetings, Council members would provide each other with accountability, peer coaching, and support.
 
Content:  Topics would focus on leadership skills and professional development. Materials would be distributed ahead of time to foster discussion amongst the members.  Possible topics could include:  
• Career goals
• Managing up
• Breaking through your inner glass ceiling
• Crucial conversations
• Emotional Intelligence
• The four levels of listening
• Empowering questions
• Negotiation
• The art of confrontation
• Leveraging your strengths
• Aligning values with your work
• Manage your energy, not your time
• Fixed v Growth mindsets
• The Five Pillars of Well-being
• Self-care isn't selfish
• Running effective meetings
• Spheres of influence
• Telling your story
• Developing your elevator pitch
• Managing through change
• Other topics of interest?
 
Cost:  Annual cost of the program would be $450 per person ($45 per session), to be paid at the beginning of the year.  The fee would cover ten, 60-minute council meetings facilitated by a certified coach, soft copies of all professional development materials, and program management.  Leadership Council members would also enjoy a 40% discount on individual coaching packages and assessments ($150 v $250).   10% of Council fees will be donated to charity (Room to Read, Global Mamas, or Deborah's Place).
 
Councils will commence in March 2014 and run through December 2014; at the end of the year council members will decide whether or not to continue with or without a professional moderator. If you are interested in participating in WIP Leadership Councils please respond by February 7, 2014. You can sign up and pay the fee via the website at www.wipchicago.org. If you have any questions about the WIP leadership councils, feel free to contact Liz Flores at 312 338-2801 or via email at Elizabeth.flores@cmegroup.com or Robin Ross at 312 583-0833 or robin@r2coaching.com .

Click to register:  https://wip.clubexpress.com/content.aspx?page_id=87&club_id=146103&item_id=322823

 

 

The First in a Three-Part Series

2014 Members Only Series

The Evolving Roles of Consultants, Investment Managers, and Asset Classes in 2014 and Beyond

March 13, 2014

Register Now!

Toward Convergence: The evolving roles of consultants, investment managers, and asset classes in 2014 and beyond.

Women Investment Professional’s 2014 Members Only Series will address the major shifts taking place in the institutional investment industry. 

This Series will address the areas of the marketplace where, historically, there were distinct lines, but now those lines are increasingly being blurred.  Plan sponsors looking to hire a discretionary advisor now have to decide between traditional investment consultants and investment managers for these mandates.  How is this landscape evolving and how do the consultants and investment managers work together on traditional mandates while also competing against one another in the discretionary space?  In addition, investment products are converging, blurring the lines between traditional, long-only investment managers and hedge fund or alternative asset managers.  How are these shifts perceived by plan sponsors and advisors?  Finally, asset classes are converging as plan sponsors re-categorize capital allocations based on risk, liquidity, and the objective of the investment product within a portfolio.  What does that mean for traditional long-only equity and fixed income and what are the longer-term implications for institutional asset flows?

Blurring the Lines: Consultants and Investment Managers

This session will discuss the increased competitive landscape between consultants’ and investment managers’ offerings of discretionary services to plan sponsor clients.  These offerings are evolving as traditional consultants are competing with investment managers for these mandates.  Panelists will discuss the changing roles of investor, consultant and asset manager in the decision-making process.

Light refreshments will be served

MODERATOR

Tracey Nykiel, Manager Research Consultant, RVK

Tracey joined RVK in 2012 as a manager research consultant and is located in our Chicago office. Tracey is a senior member of the Investment Manager Research team and leads the firm’s research efforts on long-only U.S. large and all cap equity and long-short global equity, providing broad asset class research and education for consulting teams and clients. She is also a senior member of the firm's outsourced CIO (OCIO) team that provides search and monitoring services for institutional clients. Prior to joining RVK, she worked at Hewitt EnnisKnupp, Inc. as a senior consultant. Her responsibilities within that role included leading the firm’s manager monitoring due diligence efforts, performing in-depth analysis and competitive reviews on equity and hedge fund managers, and managing numerous research and consulting projects. Previous to her experience at Hewitt EnnisKnupp, Tracey was associated with Hedge Fund Research, Inc. as a senior research analyst, Mercer Investment Consulting as an investment analyst, and Solomon Smith Barney, Inc. as a registered sales assistant.

Tracey earned a Bachelor of Arts degree from Rutgers University and a Master of Business Administration degree from the University of Chicago Booth School of Business.

PANELIST

Dan Kutliroff, Director of Investments, Mercer's Midwest Market

Dan is currently the Director of Investments for Mercer’s Midwest Market.  In this role, Dan works with clients to help them determine and implement the right solutions for the investments of their retirement and other related programs.

Prior to that, Dan was an actuarial consultant in the Retirement, Risk, and Finance business of Mercer’s Chicago office. Dan has spent over 18 years providing consulting services to the retirement plans of large and mid-size employers with a specialty in the financial services industry. Dan has consulted with clients on the funding, expense, design, administration, and investments of their defined benefit, defined contribution, non-qualified, and postretirement benefit plans.

Dan’s previous leadership positions include the leader of Market development for the Chicago Retirement, Risk, and Finance business, responsible for building retirement relationships with large corporations in the Chicago market.  He was also formerly the Market Operations Leader where he had responsibility for the staffing, training, development, profitability, and overall performance of over 150 consultants and $40 million in annual revenue.

Dan is an Associate of the Society of Actuaries, an Enrolled Actuary and a member of the American Academy of Actuaries. Dan also holds Series 7 and Series 63 certifications.  He holds a bachelor’s degree in applied mathematics from Queens College in New York.

More About Dan Kutliroff, Director of Investments, Mercer's Midwest Market


 

Close

PANELIST

Joyce Simon, Chief Financial Officer, Shedd Aquarium

Joyce Simon joined the John G. Shedd Aquarium in Chicago in 1992 as its first Chief Financial Officer; she also serves as the Secretary-Treasurer of the Shedd Aquarium Society, the not-for-profit corporation that owns and operates the Aquarium.  The Aquarium, which opened in 1930, is one of the largest indoor aquariums in the world and the most visited cultural attraction in the city of Chicago.

As Executive Vice President/CFO, Ms. Simon has overall responsibility for treasury, financial planning and reporting, enterprise-wide risk management, and accounting functions as well as technology, purchasing and continuous improvement.  She works closely with the Board of Trustees and several Board committees including Executive, Finance, Compensation and Audit and Risk Management.  Since coming to the Aquarium, Ms. Simon has overseen several public bond issuances in support of major capital renovation and expansion programs.  She has worked successfully with bankers and rating agencies to obtain a stand-alone rating for the Aquarium, one of the few cultural institutions to be so recognized.

Before joining the Aquarium, Ms. Simon was a partner with Ernst & Young, one of the “Big 4” international professional services firms.  At EY she worked with clients in a variety of industries ranging from securities broker-dealers to aerospace and defense contractors to financial-holding companies.  Ms. Simon was involved in numerous successful initial public offerings, debt and equity public offerings, private placements and swaps for various clients.  She was a frequent speaker on technical and managerial topics for firm, client and other conferences.  Ms. Simon also served as the primary conference leader for the firm’s Midwest region on SEC and public filing matters.

In a previous life, she was a social worker working at Cook County Hospital and the North Lawndale area of Chicago.


 

PANELIST

Nicole Wellmann Kraus, CFA, Hirtle Callaghan

Nikki is a Director and leads the Institutional business of Hirtle Callaghan, serving as a member of the Executive Team.  She also works with a number of the firm’s largest clients as an Investment Officer across North America. She received her B.A. in English and Computer Applications from The University of Notre Dame. Prior to joining Hirtle Callaghan in 1995, she spent nearly 12 years at SEI Investments in a variety of client facing roles.  A nearly 20 year veteran of the OCIO business, Nikki is a CFA charter holder and a member of the CFA Institute.

Save The Date

WIP Holiday Party

December 04, 2013

Net proceeds benefiting Deborah's Place, specifically: women who participate in Deborah's Place Learning Centers in achieving their goals of financial stability.

This  includes practical assistance such as fare cards to attend classes at community colleges and job interviews.  In addition  on-site programming such as the budgeting class and employment services.  The budgeting class helps women understand that even if they have a low or fixed income, they can take responsibility for the choices they make about money including the choice to budget and save which minimizes financial crisis.  Employment services include access to job boards, assistance with on-line applications, resume writing as well as the soft skills like effective communication.   Women also have the opportunity to access employment through partnerships with job finding/placement organizations.

THE FOURTH IN A FOUR-PART SERIES

2013 Members-Only Series: Adapting to Changing Market Regimes, Investor Preferences and Regulation

Panel Discussion -- Managing to Participant or Regulatory Driven Outcomes

November 14, 2013

Sponsor companies and asset management firms are facing the need to become proactive in their responses as participants will be much more accountable for their own actions.  With the shift from DB to DC, the importance of providing effective tools and investment vehicles to participants to help them achieve appropriate outcomes is becoming increasingly apparent.  Target Date Funds and Annuities are two such examples.  On a different front, increased global regulation is changing the way investors and asset management firms operate.  Almost universally, industry participants are becoming saddled with increased reporting and disclosure requirements as well as expanded supporting operational processes. This panel will address some of the implications of the increased regulation.

Moderator Sue Walton, Senior Investment Consultant, Towers Watson

Role at Towers Watson
Sue is a Director in the Chicago office of Towers Watson Investment Services, Inc., providing investment services primarily to defined contribution plans. Sue provides a full range of investment services including policy development, performance evaluation, manager and full-service 401(k) provider selection.

Relevant Experience/Specialization
Prior to joining Towers Watson, Sue was with Mercer Investment Consulting as an investment consultant, where she provided full service investment consulting to plan sponsors of defined contribution and defined benefit plans, fund manager surveillance and research for client investments, and conducted investment manager searches. Prior to her work with Mercer, Sue was with J.H. Ellwood & Associates, Inc. in Chicago working as an investment consultant and analyst.

Education and Credentials
Sue received Masters of Business Administration from DePaul University with a concentration in finance. She also has a Bachelors of Science from Marquette University with majors in Economics, International Business and German.

Bill Marshall, Senior Product Director, AllianceBernstein Defined Contribution Investments

Bill Marshall is a Senior Product Director responsible for developing and implementing product and partner strategies in AllianceBernstein’s Defined Contribution business. He works in close collaboration with clients, intermediaries, and internal and external partners to develop innovative new products aimed at improving outcomes for Defined Contribution plans and participants across all market sizes and channels. Previously, Marshall was a director with Allstate Financial and president of its registered investment advisor subsidiary. There, he was responsible for the creation and management of Allstate’s proprietary mutual fund complex and associated retirement solutions focused on lifetime income. Marshall has extensive experience as a developer and manager of investment platforms and products as well as trading and capital-raising for JPMorgan Securities. He began his corporate career with JPMorgan Chase’s commercial bank in Chicago following his departure from the US Army, where he served as a field artillery officer, primarily overseas. He holds a BS in economics from the United States Military Academy at West Point and an MBA from the University of Chicago Booth School of Business. Location: New York

Marla J. Kreindler, Partner, Morgan, Lewis & Bockius LLP

Marla J. Kreindler is a partner in Morgan Lewis's Employee Benefits and Executive Compensation Practice. Ms. Kreindler concentrates her practice on the management and investment of employee benefit plan assets and tax-qualified retirement plans and on the establishment of, and investment in, private funds.

Ms. Kreindler is well versed in the application of ERISA's fiduciary standards and prohibited transaction rules and related banking, securities, and state insurance law requirements. She also regularly counsels clients on their qualified retirement plans, including 401(k) and defined benefit plans.

Ms. Kreindler represents a wide range of publicly traded and privately held corporations and non-profit entities, as well as major banks, investment advisory and financial services firms, insurance companies, broker-dealers, and private and government pension funds.

Prior to joining Morgan Lewis, Ms. Kreindler was a partner in the corporate and employee benefits and executive compensation departments of an international law firm, resident in Chicago.

Ms. Kreindler received her J.D. from the University of Michigan Law School in 1987 and her B.A. from the University of Michigan in 1984. She also attended the London School of Economics and Political Science in 1982.

Ms. Kreindler is admitted to practice in Illinois.
 

Donald J. Hohman, Director, Product Management, PNC Capital Advisors LLC

Don is Director of Product Management and is responsible for product development, pricing, positioning strategies, and competitive analysis. Areas of focus include fixed income, quantitative equities, asset allocation and liability driven investment strategies. Don joined the firm in 2005 and has more than 20 years of financial services product management experience. He previously spent five years focusing on institutional product development and management at Schwab Institutional and Schwab Corporate Services. Prior to Schwab, he focused on investment product management and subadvisor selection at SunAmerica, Inc. and Nationwide Financial Services. Don received a B.S. in metallurgical engineering from Penn State University and an M.B.A. from the Wharton School, University of Pennsylvania.

Save The Date

Annual Trailblazer Dinner, October 24, 2013

Trailblazing Women: Reflections on Esteemed Careers in Finance

October 24, 2013

The Trailblazer Dinner is the high point of our yearly programs, focusing on women who inspire us in achieving professional and personal excellence.

 

Jane A. Western, Managing Director -- Risk Management & Trust Operations, The Boeing Company, will be recognized as the 2013 Trailblazer of the Year.


Monica L. Walker, Chief Executive Officer & Chief Investment Officer, Holland Capital Management, will be our featured speaker.

 

Many thanks to our corporate sponsors and the sponsors of our cocktail reception, BMO Global and Northern Trust Global Investments

Keynote Speaker

Monica L. Walker, Chief Executive Officer & Chief Investment Officer, Holland Capital Management

Ms. Walker is a founding partner of Holland Capital Management.  As Chief Executive Officer, she oversees the overall business and financial operations of the firm. With over 32 years of financial services experience, Ms. Walker also serves as Chief Investment Officer, responsible for implementation of the firm’s over $4 billion in large cap growth and mid cap growth equity strategies, with a team of equity research analysts.  She has been a member of the firm’s equity team and Investment Policy Committee since the firm’s inception in 1991.
 

Ms. Walker began her career at Texas Utilities (now Energy Future Holdings) in 1981 and when she left the company in 1991 to join Holland Capital, she was manager of Trust Fund’s Administration, responsible for Texas Utilities’ pension fund and defined contribution plan assets.  She also helped in the development and implementation of Texas Utilities’ Nuclear Decommissioning Trust Fund.
 

Ms. Walker received a B.B.A. in accounting from the University of Texas at Arlington in 1980 and is a CPA licensed in Texas and Illinois.  She is a board member of the Chicago Children's Choir and a board member of Chicago United.  She also serves as a member of the CEO Council of Chicago United.  She is a member of the CFA Society of Chicago, the Illinois CPA Society, the Texas Society of CPAs, the American Institute of CPAs, the National Association of Securities Professionals (NASP), the Executive’s Club of Chicago, Women Investment Professionals (WIP), Alliance of Business Leaders & Entrepreneurs (ABLE), the Economic Club of Chicago, and the International Foundation of Employee Benefit Plans (IFEBP).
 

In April 2013, Ms. Walker was named a “Woman of Excellence” by The Chicago Defender.  In July 2012, she was nominated as one of the “Top 100 Women to Watch” in Today’s Chicago Woman magazine and in 2011, was recognized as one of Chicago United’s Business Leaders of Color.  In October 2011, Ms. Walker was named as one of Black Enterprise’s “75 Most Powerful Blacks on Wall Street” and in February 2010, as one of Black Enterprise’s “75 Most Powerful Women in Business.”
 

Ms. Walker has been invited to speak to a number of professional organizations as an expert on the US equity market, and has also appeared in the national media, including Black Enterprise, Money Magazine, and Forbes (Online Edition).
 

Ms. Walker has used her role as CEO of Holland Capital to foster involvement in the community and to support educational organizations that create a healthy environment for learning and financial literacy. Additionally, under her leadership, the firm supports organizations that serve women, children, and disadvantaged groups. 

2013 Trailblazer of the Year Recipient

Jane A. Western, Managing Director -- Risk Management & Trust Operations, The Boeing Company

Jane is Managing Director – Risk Management & Trust Operations in Boeing’s Trust Investments Group, which is responsible for the company’s $90 billion in retirement assets.  Jane has held a number of positions in the institutional investment business since 1979 – plan sponsor, client servicing and marketing, and consulting – working with corporate pension and endowment/foundation assets. 

 

Prior to joining Boeing in July 2002, Jane worked at Household International, Wilshire Associates, Fidelity Investments, and Ameritech Corporation.  In 2002, Jane joined the board of Women Investment Professionals (WIP), a Chicago-based non-profit dedicated to the professional and personal development of over 200 women in the institutional investment business, where she served as treasurer and president.  Additionally, in 2010 Jane created WIP’s Members Only educational forums.  In 2008, Jane founded and now co-leads the CIEBA (Committee on Investment of Employee Benefit Assets) Group’s Risk Task Force, representing 13 large corporate plan sponsors with retirement assets over $600 billion.  She is a member of the endowment investment committee for St. Olaf College, her alma mater.  Jane is a frequent industry speaker on risk management and plan sponsor issues. 

 

She has BA in Mathematics from St. Olaf and an MBA from the Kellogg Graduate School of Management at Northwestern University.  In her spare time, Jane enjoys canoeing, hanging out with family and friends, and being “Cool Aunt Jane”.

 

MENU

Golden Beet Carpaccio Salad with a Cappuccino of Forest Mushrooms
Duet of Angus Beef Tenderloin and Grilled Canadian Salmon
Tomato Béarnaise Butter Sauce
Basil Ratatouille Stuffed Artichoke with Goat Cheese
Seasonal Asparagus Spears

Chocolate Cherry Cake with Vanilla Custard, Lime Infused Cherries
And Sugar Cookie

Freshly Brewed Regular and Decaffeinated Coffee
Premium Tea Selection by “T”

 

We will also offer a vegetarian/gluten free dinner.

Free Form Vegetarian Lasagna
Roasted Fall Vegetables served with Essence of Yellow Tomato
Asparagus Spears

Annual WIP Networking Happy Hour

October 03, 2013

Informal Networking Event

No registration required

Cash Bar

THE THIRD IN A FOUR-PART SERIES

2013 Members-Only Series: Adapting to Changing Market Regimes, Investor Preferences and Regulation

Panel Discussion - Strategies for Customized Solutions

September 12, 2013

This panel will begin where the May panel left off, delving further into some of the newer strategies, such as low volatility investing and return-seeking strategies. What are these new strategies and what are the pros and cons? How are they incorporated into total portfolios and how do they change the potential risk/reward profile? Are the tools and metrics needed to properly manage and monitor them adequately defined and cost-effectively obtained? At the other end of the spectrum, investors are also re-visiting more broadly-based investment strategies, allowing for greater latitude and investment flexibility. How well are these strategies defined, and are metrics and monitoring tools available?

Meggan O'Shea, CFA, Moderator

Meggan joined Slocum in 1994, and has been in the investment industry since 1993.  Meggan is a member of the firm’s Executive Committee and co-leads Slocum's Healthcare services group.  She was integral to this group becoming an industry leader in an investment consulting approach that integrates an entity's variety of investment pools (liquidity, operational reserves, pension, insurance, and foundation) into an analytical framework for risk management that enables coherent consideration of enterprise operating metrics, key financial ratios, capital budgets, debt structures, pension liabilities, audit and rating agency issues.

Prior to joining Slocum, Meggan worked at Fleet Financial Group in commercial lending. She received her undergraduate degree in Economics from Smith College, holds an MBA from the University of Chicago, and is a Chartered Financial Analyst (CFA) charterholder.  She is also a member of the 100 Women in Hedge Funds association.

Highlights
•Member of the firm's Executive Committee
•Co-lead of Slocum's Healthcare services group
•Member of the CFA Society of Minnesota

Bradley C. Bond

Bradley C. Bond has been Vice President of Treasury for University Hospitals since July 2002, serving the roles of Treasurer and Chief Investment Officer. Mr. Bond was appointed to Vice President of Finance for all Community Medical Centers and Ambulatory Surgery Centers in May 2011.

Mr. Bond's responsibilities include management of over $1.3 billion in investments, over $1.2 billion in debt, cash management, leasing contracts, pension, risk management, and tax compliance/research. He has issued over $1.7 billion in debt, over $900 million in swap transactions, and negotiated $230 million in shon-term lines of credit.

Mr. Bond also plays a significant leadership role in operational finance at the six community medical centers, comprising 2012 revenue of $401 million.

Prior to joining the System, Mr. Bond held various positions at the Cleveland Clinic Foundation, General Electric Capital Corporation, and Ernst & Young LLP.

Mr. Bond received a Bachelor of Science in Business Administration from The Ohio State University and a Masters in Business Administration from Weatherhead School of Management - Case Western Reserve University. Mr. Bond is a Chartered Financial Analyst (CFA) and a Certiified Public Accountant (CPA), and is Board Finance Comminee Chair for the Hunger Network of Greater Cleveland.

Gregory S. Grabar

Mr. Grabar is a senior vice president in the Newport Beach office, an account manager focusing on institutional client servicing and head of the healthcare channel. Prior to joining PIMCO in 1999, he was a relationship manager at Citigroup and a vice president in corporate finance at Kemper Securities. He has 23 years of investment experience and holds an MBA from the Anderson School of Management at the University of California, Los Angeles. He is also a certified public accountant and holds an undergraduate degree from California State University, Fullerton.

Art Holly

Art Holly is a Portfolio Manager at FRM, based in New York. He is a member of the Investment Solutions team whose focus is to work with clients to develop customised portfolios and solutions.

Prior to his current role, Art was Head of Portfolio Management (USA) of RMF Investment Management, where he was responsible for overseeing RMF’s US portfolios and business development.

Before joining RMF in 2008, Art was a Director at Merrill Lynch’s Hedge Fund Development and Management Group, where he managed an event driven portfolio of hedge funds, sourced potential managers, negotiated terms with fund managers and conducted due diligence. Previously, Art was Head of Event Driven Trading at Banc of America Securities (1999 to 2001), where he co-managed a USD 400 million event driven proprietary portfolio. Art was also a founder and partner at Athena Securities, where he co-managed an event driven hedge fund and was responsible for risk anagement and trading. Before launching his fund, Art started his career as a proprietary trader at Union Bank of Switzerland and at a long-short fund, T.C. Management.

Art holds a B.S. in Finance & Economics from Villanova University in Pennsylvania.

Tim Walsh

As of September 1, 2013, Tim returned to the private sector as President of Gaw Capital USA, a leading US real estate investment manager. Previous to this new position, he served as the Director (CIO) for the State of New Jersey Pension fund since August 2010. Tim was the chief fiduciary for the $75 billion New Jersey Pension Fund as well as approximately $15 billion in money markets funds, deferred compensation plan, college savings plan, etc. In his 26 year career in the investment industry, Tim has spent much of his career working in Boston and Chicago for various commercial banks, hedge funds, and investment advisory firms.  He has managed money through a variety of challenging and volatile economic conditions and considers his success through these times as one of his strengths.

Prior to joining the State of New Jersey, he was the Chief Investment Officer for the Indiana Teachers Retirement fund, where he managed the $8 billion pension fund.  Before joining the Indiana teachers’ fund, Walsh was the Vice President and senior trader in fixed income securities and foreign currencies for several large money center banks. He ran his own investment advisory firm, Walsh Financial Services that provided wealth management services for individuals, private trusts and corporate clients. Walsh also has gained experience in the hedge fund arena when he served as an investor relations executive with a Chicago based global macro hedge fund.

Tim has been an active public servant throughout his career with positions as  trustee of the Indiana Teachers Retirement fund, a commissioner of the Indiana Gaming commission, and a member of various non-profit and business boards.

Tim has a Bachelor of Science degree from Merrimack College in N. Andover, MA and his MBA from the Kellogg School of Management at Northwestern University. Tim has been married for 19 years and has two teenage children.

Annual Networking Event

Socialize with your colleagues and friends in a relaxed, friendly atmosphere.

June 20, 2013

Join Women Investment Professionals for our Annual Networking event.  This is the opportunity to bring guests (men and women), let others know about our organization, network with other financial professionals, and simply enjoy a summer night on the banks of the Chicago River.

Members will have one week to register before we open the registration to non-members.  Space is limited so register soon!  We expect to have a couple fun door prizes.

 

Many Thanks to Sponsors of this Event

 

                 

 

The Second in a Four-Part Series

2013 Members-Only Series: Adapting to Changing Market Regimes, Investor Preferences and Regulation

Panel Discussion: Managing to Investor-Driven Outcomes

May 21, 2013

Investors are demanding (and receiving) more customization in two ways.  First, with a greater focus on managing from a top-down perspective, investors face higher expectations to manage to specific goals and objectives. Second, as they increase their expertise, investors expect to create solutions not always found in traditional investment approaches.  The range of investment instruments and structures is wide, leading to increased dialogue on topics such as physicals vs. derivatives, “fund of one” separate accounts and fiduciary outsourcing.  Investment strategy differentiation also requires the appropriate set of analytic tools to properly manage and communicate these new ideas to constituents.  This panel will discuss this new environment for plan sponsors, investment managers, and service providers.

Moderator

Bonnie Goldsborough, CFA

Bonnie Goldsborough, CFA, is Director of Research at The Marco Consulting Group, a leading provider of investment consulting, fiduciary services and proxy voting services to jointly-trusteed plans.  In this role, Bonnie oversees investment allocations for the firm’s Fiduciary Services clients in addition to directing the firm's research, analytical, and due diligence process across all consulting clients.  Prior to joining MCG, Bonnie worked as an Equity Analyst at UBS Global Asset Management and at the Bank of America subsidiary Evergreen Investments.   Bonnie earned her M.B.A. from The Wharton School of the University of Pennsylvania, a Master of International Affairs from the School of International and Public Affairs at Columbia University, and earned her B.A. from Beloit College, with honors. Bonnie is a Chartered Financial Analyst.

Panelist

Jody A. Gunderson

Jody A. Gunderson is a senior managing director for CarVal Investors, responsible for leading investments in residential loan portfolios, residential mortgage-backed securities and commercial mortgage-backed securities.  She has also managed investments in sub-performing and non-performing consumer loan portfolios globally and has provided capital to various types of specialty finance companies. Prior to joining CVI in 1994, Ms. Gunderson was a managers in the financial services practice of PriceWaterhouseCoopers in Chicago and Minneapolis where she served investment fund, commercial banking and thrift clients.  Ms Gunderson received her B.S. in business from the University of Minnesota and is a Certified Public Accountant (inactive).

Panelist

Brett Tande

Brett Tande is Vice President and Treasurer for the Cadence Health, serving CDH since April 2011.


Before joining the health system, Mr. Tande served as executive director at Morgan Stanley where he focused on financing and strategic advisory assignments for not-for-profit hospitals and health systems. Mr. Tande began his career with KPMG and held positions at Raymond James.  A graduate of Washington University in St. Louis, he earned his Bachelor of Science in Business Administration. He is also a member of Healthcare Financial Management Association (HFMA).

Panelist

Heather Myers

B.A., Political Science, minor in Japanese Studies, Whitman College, 1987
Whitman College Associated Kyoto Program attendee, Doshisha University, 1986 to 1987
Licensed Registered Representative, FINRA Series 7 and 63

Heather Myers is managing director, non-profits for Russell Investments. Based in New York, Heather is responsible for Russell’s business growth in the non-profit market segment and for providing leadership on strategy development and advice to clients and prospects. Additionally, Heather serves as a senior consultant for several key non-profit clients, providing strategic advice on all aspects of clients’ investment programs, including governance, investment policy, asset allocation, manager selection and risk management.

As one of Russell’s leading voices in the non-profit community, Heather regularly participates in industry conferences and is actively involved in Russell’s research aimed at the interests of this community. Currently Heather is focused on sustainability and mission-related investing in addition to analyzing the role of alternative investments in portfolios.

Heather joined Russell in 1989 to support Russell’s international consulting clients and the company’s Japanese-related business. By the end of 1989, she was a member of Russell’s fixed income manager research team, and through 2000, Heather researched the global fixed income and currency markets. She moved to London in 1997 as the head of multi-currency fixed income research for Russell, and in this role she oversaw the team researching U.K., European and global fixed income strategies. Returning to the U.S. in 2000, Heather was named Russell’s senior practice analyst for fixed income and currency based in New York. The following year, she joined Russell’s U.S. Consulting team, becoming a senior consultant in 2003. From 2003 to 2009, Heather was a member of Russell’s external hedge fund of fund research practice for advisory clients, and in 2010, she assumed the role of director of endowment and foundation strategy.

Heather is author and co-author of several research papers published by Russell including, “Liquidity Challenges for Endowments & Foundations,” “Responsible Investment: Five Tests of an SRI/ESG Policy,” and “Capturing Alpha Through Active Currency Overlay.” She was a recipient of the Russell Excellence Award in 1993.

Heather is a member of the Board of Overseers at Whitman College and serves on Whitman College’s Investment Committee. She is a member of the Advisory Council for Lehigh Valley Summerbridge. She also serves on Russell’s Global Sustainability Committee and the corporate giving committee for Russell’s New York office.

Panelist

Lorraine Monchak

Lorraine Monchak is Chief Investment Officer of the 1199SEIU Funds, responsible for investing $9 billion of capital on behalf of the country’s leading private New York hospitals including Montefiore Medical Center, Mount Sinai Hospital, New York Presbyterian Hospital and New York University Langone Medical Center. Providing vision and leadership, Ms. Monchak manages an investment portfolio that ranks among the top of its industry peers.

Ms. Monchak develops and oversees investment strategy, leads a team of investment professionals who evaluate current and prospective investment managers in public and private markets globally, and works with Investment Committee Trustees to achieve long term investment success essential to providing secure pension and health benefits to over 200,000 employees of major healthcare institutions in New York.  Ms. Monchak joined the Funds in 2001 and has over 20 years experience structuring and managing multi-asset class portfolios and advising clients.  Prior to joining the Funds, Ms. Monchak was a Vice President in the Investment Department of AIG where she was responsible for investment management and asset allocation for the international life insurance business.  She began her career with Drexel Burnham Lambert and Citibank.

Ms. Monchak has an AB in economics from the University of Chicago, a Certificate in Russian Language Studies from the University of Leningrad and an MBA from New York University. She is a CFA charterholder.

2013 PROFESSIONAL DEVELOPMENT EVENT

Communications that Count! Ten Tools to Make You More Memorable and More Effective

Interactive Discussion with Pedersen/McGrath Associates Ltd.

April 18, 2013

Veteran communication coaches Joan McGrath and Myrna Pedersen share professional skills they’ve imparted to their C-suite clients since 1986. Former broadcast journalists, these principals of Pedersen/McGrath Associates Ltd. show you how you can be more comfortable, confident and in control during high risk business presentations, meetings and even media interviews.

The first in a four-part series

2013 Members-Only Series:  Adapting to Changing Market Regimes, Investor Preferences and Regulation

Panel Discussion -- Investment Opportunities & Risks in a Low Interest Rate, Low Capital Markets Environment

March 14, 2013

This session will discuss strategies investors are pursuing to maximize the return potential of each asset class and the expanded set of risks faced as investors seek higher returns and higher yields. Implications of these strategies will also to be addressed – such as the impact on non-profits’ budgets and spending policies; 5% real(ly)? given expectations for future capital market assumptions. Investment strategies for retirement assets face similar challenges with declining expected rates of return at a time when funded status has already been hurt.

2013 Annual Economic Outlook

Risks and Opportunities in the Financial Markets

Panel Discussion

February 13, 2013

Please join us for a luncheon and lively panel discussion with unique perspectives on the topic of Risks and Opportunities in the Financial Markets. With a lowering of expected returns post the financial crisis, our distinguished group of panelists will address some of the key risks and opportunities in today’s global economy based on their diverse experiences, providing insights on their current thinking and outlook on the economy in 2013.

Panelist

Loren Bushkar, Executive Director, J.P. Morgan’s Private Bank

Loren Bushkar is Executive Director on the J.P. Morgan Private Bank Investment Strategy team reporting to Richard Madigan, CIO of J.P.Morgan’s Private Bank.  She is responsible for economic and investment-related analysis, and multi-asset class analysis spanning global equities, global fixed income, foreign exchange, structured investments, hedge funds and hard assets. 

Prior to her current position, Loren worked for the J.P. Morgan Private Bank Investment Strategy Team, reporting to Michael Cembalest.   In her previous role, she was the chief of staff to the CEO at the Securities Industry and Financial Markets Association.  Before joining SIFMA, she spent four years at J.P. Morgan Securities in Structured Credit and Securitized Products.

Loren received a B.S. in Systems Engineering and a B.A. in Economics from the University of Virginia.

Panelist

Olga Pomerantz, Macro Economic Strategist, William Blair

Olga Pomerantz joined William Blair & Company in 2009. She is responsible for economic research across all regions and sectors.

Prior to joining the firm, Olga was a Senior Economist at the National Institute of Economic and Social Research in London, UK, where she was responsible for macroeconomic forecasting and thematic research projects for international organizations and government bodies.

Olga received a B.A. from the University of Chicago and a M.S.c in Economics from the London School of Economics and Political Science.

Panelist

Matthew Rice, CFA, CAIA, Principal, Chief Investment Officer, DiMeo Schneider& Associates

Matt directs the firm’s capital markets, investment strategy, asset allocation modeling, and alternative investments efforts. He also advises a number of the firm’s corporate and nonprofit clients. Matt has co-authored two books, including Nonprofit Asset Management (John Wiley & Sons), which was published in 2012 and The Practical Guide to Managing Nonprofit Assets (John Wiley & Sons).

Matt received a BA in Economics from Northwestern University, is a CFA Charterholder, a CAIA (Chartered Alternative Investment Analyst) and is a member of the CFA Society of Chicago.

Moderator

Cynthia Fryer Steer, Head of Manager Research and Investment Solutions, BNY Mellon Investment Management

Cynthia Steer is Head of Manager Research and Investment Solutions for BNY Mellon Investment Management. She is responsible for performance oversight, due diligence, and analysis of investment performance across BNY Mellon Investment Management.

Cynthia joined BNY Mellon in January 2012 from Russell Investments, where she was managing director for investment strategy and consulting.  In 2011, Cynthia earned the aiCIO 2011 Foreign Exchange Award.

Before joining Russell, Cynthia was the chief research strategist at Rogerscasey and oversaw global investment management and capital markets research, emerging and frontier markets research, and fixed income manager research. She served on the Rogerscasey management committee, the fiduciary investment review committee, and the strategic research committee.

Cynthia has been a member of the Global Emerging Markets Local Currency Bond Initiative (GEMLOC) Committee of the World Bank since 2005, and has served as the Chairwoman of GEMLOC since 2009.

Cynthia received her bachelor’s degree from Smith College, an M.B.A. in Finance from The Wharton School at the University of Pennsylvania, and an MS from The Bank School.  Among other honors, she was named the 2010 distinguished investment professional of the year by Women Investment Professionals.

 

The fourth in a four-part series

2012 Members-Only Series: The Year of the Great Debates

Panel Discussion – Alpha Versus Beta

November 15, 2012

Over time, investors have become increasingly challenged as they look to generate return on a cost effective basis.  Hedging liabilities and controlling volatility have taken on greater importance.  At the same time, our definitions for alpha and beta are evolving.  Beta now comes in various shapes and sizes, and our traditional concept of alpha is shrinking.  All of this is leading to new investment products and changes in the way investors construct portfolios.  This panel will delve into these new ways of thinking, implications for investment products and vehicles, the impact on portfolio construction, and what this means for traditional investment approaches.  How do all of these changes impact our expectations for return and risk?  Are we prepared to properly measure and monitor in this changing landscape?

Moderator

Joanna Rupp, CFA, Chief Operating Officer University of Chicago Office of Investments

Joanna Rupp is the Chief Operating Officer for the University of Chicago’s Office of Investments. She oversees the operational, information technology and administrative infrastructure supporting the investment of over $6.5 billion of endowment and related assets. She co-chairs the Investment Office’s Risk Management Committee. She oversees investment of the $400 million defined benefit pension plans, planned gifts and other non-TRIP assets. She joined the University in 2001 as the Manager of Public Equities.

Her prior professional experience includes investment banking for Security Capital Markets Group, municipal finance with Goldman, Sachs & Co. and 6 years at U.S. Central Credit Union as an Asset/Liability Manager, responsible for fixed income portfolio management, fixed income derivatives strategy and new product development.

Joanna holds an M.B.A. in Finance from the University of Chicago, Graduate School of Business, cum laude, and a B.S. in Business Administration from the University of Kansas. She is a CFA Charterholder. Joanna is a member of the Economic Club of Chicago. She has served on the Board of Directors and actively volunteers for Deborah’s Place, the largest provider of housing and supportive services for homeless women in Chicago.

Featured Panelists

Rachael Carroll, CFA, Consultant, Russell Investments

Rachel Carroll is a consultant in Russell Investments’ Americas Institutional business. Rachel is a member of the consulting team that provides advice to endowments, foundations, and corporate clients on all aspects of their investment programs including governance, asset allocation, investment structure, manager selection, performance monitoring, and implementation strategies. Rachel also serves as a media spokesperson for Russell.

Prior to her return to Consulting, Rachel was a client portfolio manager in the client strategies group of the investment division, focusing primarily on Russell’s equity portfolios. In this role, she communicated with external and prospective clients on Russell’s investment process and the drivers of investment fund performance.

In 2007, Rachel joined the investment division where she was an associate portfolio manager, focusing primarily on large cap U.S. equity portfolios. In this role she participated in the decision making for all aspects of portfolio construction and manager selection for portfolios within Russell’s U.S. equity team.

In Rachel’s previous role in consulting, she was a senior consulting analyst where her primary responsibility was to provide client support for Russell’s advisory services to clients. This included working with consultants to recommend investment strategy, asset allocation and asset class structures to clients, as well as designing and developing performance and analytic reports.

From 1996 until 1999, Rachel worked with Russell’s global sales group, providing the sales force with research on prospects and industry trends. She also worked with regional directors to implement customized sales strategies, develop custom analytics and other studies for prospective clients.

Rachel joined Russell as an accountant in 1993, working in Russell’s mutual fund administration and finance area.  Rachel has a BA in Economics from the University of Washington; she is a CFA Charterholder (1993) and a member of the CFA Society of Seattle (1998).

Stefanie Hest, Senior Investment Strategist, Northern Trust Global Investments

Stefanie Jaron Hest is a Senior Vice President at The Northern Trust Company, Chicago. She is a senior investment strategist in the Global Quantitative Management Team. Stefanie is responsible for developing global quantitative equity solutions and investment insights for institutional investors.

Prior to joining Northern Trust Global Investments in March 2005, Stefanie was a director at Standard & Poor’s responsible for marketing and client relations for the various global equity index products. Prior to S&P’s acquisition of Citigroup’s global index series, Stefanie held various research positions with Citigroup Global Markets.

Stefanie received a B.A. in Business Management from Cornell University.

Daniel Villalon, US Head, Portfolio Solutions Group, AQR Capital

Dan Villalon is US Head of AQR's Portfolio Solutions Group.  In his role, Dan authors whitepapers and research, is involved in the design of multi-asset portfolios, and engages clients on portfolio construction, risk allocation, and capturing alternative sources of returns.  He joined AQR Capital in July 2010 as an Associate within the Client Strategies & Portfolio Solutions group.  Dan was previously employed at Mitchell Madison Group as a Senior Business Analyst.  Prior to Mitchell Madison, he was an Investment Analyst in the Private Bank at JPMorgan Chase & Co.  Dan earned his MBA with a concentration in Analytical Finance and from The University of Chicago Booth School of Business and graduated with a Bachelor of Arts in Physics from Pomona College.

Greg Williamson, Director, Trust Investments and Chief Investment Officer of BP America Inc.

Gregory T. (Greg) Williamson is the Director, Trust Investments and Chief Investment Officer of BP America Inc. ($18 billion in assets). Mr. Williamson has specific responsibilities for the Group's overall investment strategies and activities, and external manager selection, analysis and review. Mr. Williamson is a member of the BP America Inc. Defined Benefit and Savings Plans Investment Committees, is a member of BP Canada and BP Mexico’s Investment Committees, and is Assistant Treasurer of the BP Foundation. Mr. Williamson was appointed by U.S. Treasury Secretary Henry Paulson to the Investor’s Practices Committee of the President’s Working Group on Financial Markets, and is a member of the advisory boards of several external organizations including Castle Harlan Inc. and the Woodside Fund. Mr. Williamson is a member of the Risk Standards Working Group, and is a founding Board member of the Chicago Quantitative Alliance. Mr. Williamson is a member of the Economics Club of Chicago and the Chicago Council on Foreign Affairs. Mr. Williamson co-authored Alpha: The Positive Side of Risk (Investors Press, 1997), and was named by Pensions and Investments magazine as one of “25 to Watch in Finance” in its 25th Anniversary issue.

Prior to his current position, Mr. Williamson was President and CEO of Alphatech Investment Management Company, which he formed after serving as President of Springfield Asset Management in Chicago. Before joining Amoco Corporation (predecessor of BP America), Mr. Williamson was vice president of investment banking at Northern Finance, and had previously held positions with O'Connor and Associates in its proprietary trading and strategic planning groups, with F.P. Quinn and Co. as Director of Risk Arbitrage, and with Peterson and Co. in its strategic consulting and investment banking group.

Mr. Williamson received a BA in Economics from Northwestern University with honors, and a MBA in Finance and Strategy through the 3/2 honors program from the J.L. Kellogg Graduate School of Management at Northwestern University.

Save the Date...

Trailblazing Women: Embracing Change and Seizing Opportunity

Honoring 2012 Trailblazer of the Year Recipient

October 18, 2012

Please join us for our annual Trailblazer Dinner on Thursday, October 18, 2012 at the University Club.

The Trailblazer Dinner is the high point of our yearly programs, focusing on women who inspire us in achieving professional and personal excellence.

Janine Baldridge, CFA, CAIA, Managing Director, Alternatives Investment Practice, Americas Institutional, Russell Investments, will be recognized as the 2012 Trailblazer of the Year.

Barbara G. Novick, Vice Chairman of Blackrock, will be our featured speaker.

Keynote speaker

Barbara G. Novick, Vice Chairman and Head of Government Relations & Public Policy, BlackRock, Inc.

Barbara G. Novick, Vice Chairman, is a member of BlackRock's Global Executive and Global Operating Committees and Chairs the Government Relations Steering Committee. From the inception of the firm in 1988 to 2008, Ms. Novick headed the Global Client Group and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In her current role as a Senior Advisor to the Office of Chairman, Ms. Novick provides advice on strategic projects and she heads the firm's efforts globally on Government Relations and Public Policy.
Prior to founding BlackRock in 1988, Ms. Novick was a Vice President in the Mortgage Products Group at The First Boston Corporation. Ms. Novick joined First Boston in 1985 where she became head of the Portfolio Products Team.  From 1982 to 1985, Ms. Novick was with Morgan Stanley.

Ms. Novick has authored numerous articles, including a series of BlackRock Special Reports and public policy ViewPoints and First Boston's "Mortgage-Related Securities Guide", and she recently joined the Reuters Editorial Advisory Board.  Ms. Novick has served on the boards of Robert Toigo Foundation (2007–2010) and Westchester Day School (2000-2005), and served as both Treasurer and Trustee of Westchester Jewish Center (1994-2012).  She currently serves as a Director or Trustee of Cornell University, UJA-Federation, City Harvest, and the HCM Foundation and coaches in the Westchester Youth Soccer League.  Ms. Novick earned a BA degree, cum laude, in economics from Cornell University in 1981.

2012 Trailblazer of the Year Recipient

Janine Baldridge, CFA, CAIA, Managing Director, Alternatives Investment Practice, Americas Institutional, Russell Investments

Janine leads Russell’s alternative investment strategy research and investment policy development for North American institutional clients.   From 2009 to 2011, Janine was the global head of consulting and advisory services and led the coordination of and strategic planning for Russell’s global consulting and advisory practice.  From 2003 to 2009, Janine led Russell’s external hedge fund of fund research practice for advisory clients globally.


Janine was named managing director of Russell’s U.S. institutional business in 2010, and has advised large institutional funds on all aspects of their investment programs, including investment policy, asset allocation, asset class strategy, manager selection, implementation strategies and performance analysis since 1988.  Janine is a member of Russell’s diversity and inclusion council.


Janine joined Russell in 1979 in the firm’s analytical services business, where she ultimately managed performance and analytical reporting for North American clients. Before Russell, Janine worked in corporate accounting at Weyerhaeuser Company in Tacoma, Washington.


She has co-authored several research papers published by Russell including, “Hedge fund evolution: Adapting to global market conditions”, "The Fiduciary's Guide to Investment Management," "Index Swaps" and "Capturing Alpha Through Active Currency Overlay" and authored the "Roadmap for Fiduciary Risk Management."  Janine also speaks at industry conferences on governance and investment issues.


Janine is a member of the CFA Institute, the Seattle Society of Financial Analysts and the Chartered Alternative Investment Analyst Association®. Janine is a member and past co-chair of Russell’s diversity and inclusion council.

B.A., Finance, University of Puget Sound, 1979
CFA Charterholder, CFA Institute, 1999
Chartered Alternative Investment Analyst, CAIA Association, 2010
 

The third in a four-part series

2012 Members-Only Series: The Year of the Great Debates

Panel Discussion – Risk Versus Return

September 20, 2012

Over the last several years, risk has “reared its ugly head” in many different shapes and sizes.  Today, investors have a heightened awareness of volatility, liquidity, capacity, and credit.  Increased attention is being given to contractual protections, quantitative analysis, transparency, and controls.  In some venues, investing has almost become more about managing risk than seeking return.  This panel will discuss current risk management practices being pursued by sponsors and investment managers.  How are investment strategies being impacted?  What tools and services are being accessed and developed?  What information is being reported?  How has governance and oversight changed?

Moderator

Karyn Williams, PhD, Managing Director&Principal, Wilshire Associates Incorporated

Karyn, who joined Wilshire Associates in 2001, currently provides investment consulting services to corporate defined benefit and defined contribution plans, foundations and endowments, and insurance companies. Before joining Wilshire Consulting, Karyn directed Wilshire’s innovative risk budgeting research. Previously, she coordinated development of Wilshire’s next generation of analytical products and the quality assurance efforts that underpin the firm’s investment analytics solutions.

Prior to joining Wilshire, Karyn taught corporate finance and financial derivatives, and co-directed the Financial Engineering program at the Peter F. Drucker Graduate School of Management at Claremont Graduate University. She is a graduate of Arizona State University where she earned a BS in Economics and a PhD in Finance.

Featured Panelists

Audrey Costabile, PhD, Vice President MSCI Applied Research

Mike Edleson, CFA, Chief Risk Officer The University of Chicago Office of Investments

Jane A. Western, Managing Director—Risk Management & Trust Operations The Boeing Company

Kerry White, Managing Director, Global Product Management BNY Mellon Asset Servicing

The Second in a Four-Part Series

Long Versus Short Panel Discussion, May 22, 2012

2012 Members-Only Series: The Year of the Great Debates

May 22, 2012

Long/short strategies have been utilized in hedge funds for many years. Separate account investment managers have also utilized long/short approaches, including market neutral, 120/20 and 130/30 strategies. This session will examine past and current uses of long/short strategies. Additionally, as investors continue to look for alpha, will these strategies become more widely used? If so, where?

Moderator

Dianna Di Iorio, CFA, Vice President, Portfolio Management, Grosvenor Capital Management, L.P.

Ms. Di Iorio joined Grosvenor in 2007 and is a Portfolio Manager. During her tenure at Grosvenor, Ms. Di Iorio has been actively involved in strategy and manager research and monitoring, with a focus on equity and global macro strategies. Prior to joining Grosvenor, Ms. Di lorio was a Senior Financial Analyst at Goldman Sachs in Private Wealth Management and worked closely with clients to make asset allocation and manager selection decisions. She was also previously at the JPMorgan Private Bank, where she worked with bankers, investors, wealth advisors, and fiduciary officers to service ultra high net worth individuals. Ms. Di lorio received her Bachelor of Arts cum laude with department honors, double majoring in Economics and Mathematical Methods in the Social Sciences, from Northwestern University in 2003. Ms. Di Iorio is currently enrolled in the University of Chicago Booth School of Business part-time MBA program. Ms. Di Iorio is a CFA Charterholder.

 

 

Panelist

Elizabeth M. Tulach, Managing Director -- Investment Strategy, The Boeing Company

Elizabeth M. Tulach is the Managing Director – Investment Strategy for The Boeing Company and is responsible for the overall pension plan strategy and asset allocation as well as for the Hedge Funds, Global Tactical Asset Allocation and Currency programs.  She has spent the last six years at Boeing as the Managing Director – Alternatives and was responsible for the growth of the Hedge Funds, Private Equity, Real Estate and Real Assets programs. Prior to joining Boeing in November 2005, she was a Senior Vice President at GE Capital where she focused on both Private Equity Fund and Direct Equity investing. From 1995 to 2002 she was a member of The University of Chicago Office of Investments and for the last three years of her tenure, the Assistant Vice President and Director of Private Equity. Ms. Tulach received an M.B.A. from The University of Chicago and a B.S. degree in Accountancy from Northern Illinois University.

 

 

Panelist

James Hoeg, Managing Director and Chicago Consumer Portfolio Manager, Citadel Asset Management

Mr. Hoeg joined Citadel in 2005 with ten years of experience in the financial markets. Prior to joining Citadel, he was a Senior Analyst in Global Investment Research covering Brokers and Asset Managers and a Vice President in Global Investment Research covering Household Products/Personal Care for five years at Goldman Sachs. He began his career as a Senior Associate in Corporate Finance for Pricewaterhouse Coopers, L.L.P. in 1995. Mr. Hoeg holds a Master of Business Administration from the University of Chicago, Graduate School of Business and a Bachelor of Arts in Finance from The University of Northern Iowa.
 

 

Panelist

Denise Olsen, Managing Director and Investment Committee Member, GEM Realty Group, Inc.

Ms. Olsen joined GEM in 1996 and serves on the Investment Committee. She oversees business development for both GEM Realty Properties and GEM Realty Securities, and leads new business and capital raising activities. In addition, Ms. Olsen has primary responsibility for investor relations, reporting and communication to GEM’s investors. As a member of the Investment Committee, Ms. Olsen is involved in setting investment strategy for GEM Realty Properties and GEM Realty Securities. Ms. Olsen has been active in the commercial real estate business since 1987. Prior to joining GEM, Ms. Olsen was a vice president at EVEREN Securities for two years in the Real Estate Corporate Finance group. Prior to EVEREN, Ms. Olsen spent seven years at JMB Realty Corporation in various capacities, including senior portfolio manager of corporate mixed-use developments and as an associate in JMB’s acquisition group. Ms. Olsen received a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania in 1987.

 

 

Panelist

Mark A. Hurrell, CFA, Managing Director, Lyster Watson

Mr. Hurrell is responsible for Institutional Business Development and Client Service at Lyster Watson. He has over 20 years of institutional asset management experience split between the alternative investment market and institutional investment consulting. Most recently, Mr. Hurrell has focused his efforts on the development of Lyster Watson’s “liquid alternative beta” strategies, True Alpha® Trackers. Previously, Mr. Hurrell was at Meridian Capital Partners, Inc. and The Archstone Partnerships, two fund-of-hedge fund managers. Prior to transitioning to the fund-of-hedge-funds business, he was a Senior Consultant for Yanni-Bilkey Investment Consulting where he was responsible for developing investment policy, asset allocation, investment manager selection, and performance evaluation for a broad range of institutional and high net worth investors. Mr. Hurrell has a strong financial background, having also held positions managing the New York Euro CD trading desk for Credit Suisse First Boston and as a money market trader for Pittsburgh National Bank. He also taught financial accounting and investment analysis classes at Carnegie Mellon University while attending graduate school. Mr. Hurrell is a member of the Investment Committee for the Association of American Medical Colleges. Mr. Hurrell received his B.S. in Business Administration from the Indiana University of Pennsylvania and M.B.A. from Carnegie Mellon University (Beta Gamma Sigma) where he was the recipient of the Yuji Ijiri Award for Excellence in Accounting. Mr. Hurrell is a CFA charterholder.

 

 

The First in a Four-Part Series

Public versus Private Investing, Panel Discussion, March 28, 2012

2012 Members-Only Series: The Year of the Great Debates

March 28, 2012

Most investors combine public and private market strategies. This session will bring together a panel of experts to examine those markets that are best suited to public investments as opposed to private. Additional topics that will be addressed include:

  • Key considerations with respect to public and private investment decision-making

  • How these opportunities have changed over time and how are they expected to change as we look ahead

  • Capacity that exists in certain strategies

  • Types of investment vehicles are used

  • Fee considerations as well as regulatory parameters

Panelist

William R. Atwood, Executive Director Illinois State Board of Investment

William Atwood has served as Executive Director of the Illinois State Board of Investment (ISBI) since March of 2003. ISBI is responsible for investing assets totaling approximately $10.6 billion for the State Employees' Retirement System of Illinois, Judges' Retirement System of Illinois, and General Assembly Retirement System of Illinois. Since joining ISBI, Bill has managed the restructuring of its investment portfolio, established an emerging manager program, initiated the utilization of a general consultant, expanded the portfolio's exposure to alternative investments, increased the Board's shareholder activism, and made improvements to the State of Illinois' Deferred Compensation Plan.

Bill has professional experience in both the public and private sectors, including service on the staff of U.S. Senator Charles Percy and service in the administrations of Governor Jim Thompson and Governor Jim Edgar, both of Illinois. In 1994 he joined Investment Counselors Incorporated, an institutional money management firm located in St. Louis, Missouri, where Bill served as its Vice President for Business Development. At ICI he was responsible for marketing, client service, and all functions of the firm not directly related to portfolio management. Bill formed Midwest Managed Money Services in 1997 through which he provided consulting services to money management firms working in the public and Taft-Hartley pension plan arenas. He worked closely with equity, fixed income, and real estate investment companies and a variety of institutional plan sponsors.

In addition to his duties at ISBI Bill served as a Director of the Chicago Stock Exchange and is a regular speaker at professional symposia. He received a Masters of Liberal Arts degree from the University of Chicago and a Bachelor of Arts Degree in Political Science from Southern Illinois University. Bill lives in Downers Grove, IL with his wife, Reagen, daughter Ainsley, and son William.

Panelist

Jeffrey T. Diehl, Partner Adams Street Partners, LLC

Jeff invests in venture and growth-oriented companies in the software, IT-enabled business services and consumer internet/media sectors.

Jeff serves on the Boards of Directors of ArrowEye Solutions, CBG Holdings Inc., Paylocity, Peerless Network, SnagAJob, Thought Equity Motion and WhiteFence. He is a Board Observer at Spiceworks and Dolex and MagicJack, (NASDAQ: CALL). He is a former Board Member at MxLogic (bought by McAfee) and Stratavia (bought by Hewlett-Packard). He has also been involved with Adams Street's investments in Adams Harris, American Wholesale Insurance, Ancestry.com (NASDAQ: ACOM), BirdsEye, CBeyond (NASDAQ: CBEY), FiftyOne, Gevity HR (NASDAQ: GVHR), Kappa Smurfit (LSE: SKG.L), KPG Ventures, Setanta, Scientific Protein Labs and TicketsNow (bought by Ticketmaster).

Before joining in 2000, Jeff served as a Principal for The Parthenon Group, a Boston-based strategy consulting and principal investing firm with Bain Consulting roots.

Jeff received a BS from Cornell University, with distinction, and an MBA from Harvard University.

Panelist

Que T. Nguyen Assistant Vice President and Managing Director of Strategy The University of Chicago, Office of Investments

Que Nguyen joined the University of Chicago Office of Investments in January 2010 as Managing Director of Strategy. The Office of Investments is responsible for managing the financial assets of the University of Chicago and its affiliates, including pension assets, insurance assets, and endowment assets, totaling approximately $6.5 billion. Since joining the University of Chicago, Que has initiated an effort to introduce a total enterprise approach to analyzing the strategic asset allocation of the endowment. The analysis, which incorporated factor risk modeling of the portfolio, resulted in a more structured framework for risk taking, liquidity allocation, and return expectations for the endowment portfolio. Que has also initiated a derivatives program designed to allow more flexibility to manage the endowment portfolio's risk exposures.

Prior to joining the University of Chicago, Que spent over 15 years designing and managing global macro portfolios at Numeric Investors, Morgan Stanley Investment Management, and State Street Global Advisors. Que has also worked in quantitative research at BARRA. Que holds a BA in Applied Mathematics from Harvard College.

Panelist

John F. Robertson, CFA, Managing Director Global Head of Real Estate and Infrastructure Securities RREEF Real Estate

Mr. Robertson is currently a Managing Director with RREEF Real Estate and Global Head of Real Estate and Infrastructure Securities.

Prior to joining RREEF Real Estate in 1997, Mr. Robertson was with Lincoln Investment Management, Inc., where he was responsible for REIT research for the Delaware Pooled Trust Real Estate Fund. Prior to that, he underwrote and managed commercial mortgage loans on office, industrial, retail, multifamily and hotel properties for Lincoln. He also worked as a consultant with Ernst & Young’s Special Services Group, where he specialized in the valuation of all types of income-producing real estate.

Mr. Robertson received a Bachelor of Arts degree, Magna Cum Laude, from Wabash College, where he was elected to Phi Beta Kappa, and an M.B.A. degree from Indiana University. He holds a CFA designation and is a member of the CFA Institute and an associate member of the National Association of Real Estate Investment Trusts (NAREIT).

Panelist

Kathryn A. Vorisek , Managing Director, CIO and Small/SMID Cap Team Leader Fiduciary Management Associates, LLC

Kathryn A. Vorisek is senior managing director, chief investment officer, and small/SMID cap team leader at Fiduciary Management Associates. As senior managing director, Ms. Vorisek manages the business and financial operations of the firm.

Ms. Vorisek joined FMA in 1996 and was appointed FMA’s chief investment officer in 2000. In her role as CIO, Ms. Vorisek oversees all aspects of the investment process and manages the firm’s research efforts. Ms. Vorisek also serves as the small/SMID cap team leader, a role she has held since 1998 and has responsibility for the portfolio management of FMA’s small/SMID cap products.

Ms. Vorisek possesses 27 years of experience in the investment industry. Prior to joining FMA, Ms. Vorisek worked as an equity and fixed income analyst for Duff & Phelps Investment Research in Chicago. She is a member of the CFA Institute, the CFA Society of Chicago, the National Association of Securities Professionals and Women Investment Professionals. Ms. Vorisek holds a BS in finance from Marquette University and an MBA from the Kellogg Graduate School of Management at Northwestern University in finance and international business. Ms. Vorisek is majority equity holder of the firm.

Moderator

Janine Baldridge, CFA, CAIA Managing Director, Alternatives Investment Practice Americas Institutional Russell Investments

Janine provides leadership to the investment policy development and alternative investment strategy research for Russell’s North American institutional clients and advises several large U.S. institutional clients. From 2003 to 2009, Janine led Russell’s external hedge fund of fund research practice for advisory clients. Janine is a member of Russell’s Americas institutional investment committee and also co-chairs Russell’s diversity and inclusion council.

Janine was named managing director of Russell’s U.S. institutional business in 2010, and has advised large institutional funds on all aspects of their investment programs, including investment policy, asset allocation, asset class strategy, manager selection, implementation strategies and performance analysis since 1988.

Janine joined Russell in 1979 in the firm’s analytical services business, where she ultimately managed performance and analytical reporting for North American clients.

Before Russell, Janine worked in corporate accounting at Weyerhaeuser Company in Tacoma, Washington.

She has co-authored several research papers published by Russell including, “Hedge Fund Evolution: Adapting to global market conditions”, "The Fiduciary's Guide to Investment Management," "Index Swaps" and "Capturing Alpha through Active Currency Overlay" and authored the "Roadmap for Fiduciary Risk Management." Janine also speaks at industry conferences on governance and investment issues.

Janine is a member of the CFA Institute, and the Seattle Society of Financial Analyst.

2012 Annual Economic Update

Challenges and Opportunities in the Global Economy

Panel Discussion

February 28, 2012

Please join us for a luncheon and lively panel discussion with unique perspectives on the topic of Challenges and Opportunities in the Global Economy. With a lowering of expected returns post the financial crisis, our distinguished group of panelists will address some of the key challenges and opportunities in today’s global economy based on their diverse experiences, providing insights on their current thinking and outlook on the economy in 2012.

Additional topics covered will include the following:

  • Impact of the global debt crisis on investment strategies

  • Prospects for the major economies and asset classes

  • Thoughts on emerging and frontier markets

  • Investment risks such as volatility and liquidity

Panelist

Nanette Abuhoff, Asset Allocation Strategist Wellington Management Company, LLP

Nanette is responsible for consulting with clients on strategic asset allocation issues and working with investment teams across the firm to develop relevant investment solutions across asset classes. In this role, she brings her fixed income expertise and experience to our clients.

Prior to this role, Nanette was the director of Fixed Income Product Management, where she was responsible for ensuring the integrity of the firm’s US and global fixed income approaches and driving business success in terms of business strategy, new product development, and retention of existing clients. She also played a key leadership role in deepening the firm’s reputation as a fixed income thought leader globally. Nanette joined Wellington Management in 2005 as a fixed income investment director for US fixed income products.

Prior to joining the firm, Nanette was a managing director at JPMorgan in the Investment Bank. She was an investor client manager for pension funds in North America (2003 2005) and was the senior US fixed income strategist (1989 – 2003). Nanette also worked in the Financial Strategies Group at Security Pacific National Bank, where she developed software to value complex financial instruments (1986 – 1989) after working as a programmer for Interactive Data Corporation and IBM (1983 – 1986).

Nanette received her BA in computer science from Barnard College, Columbia University (1983).

Panelist

Michael Atkin, Portfolio Manager, Sovereign Debt Strategist Putnam Investments

Mr. Atkin is a Portfolio Manager in the Investment Management Division for Putnam Investments. He is a Portfolio Manager of Putnam Diversified Income Trust, Putnam Global Income Trust, Putnam Master Intermediate Income Trust, and Putnam Premier Income Trust, as well as institutional fixed-income portfolios. In addition, he leads macroeconomic discussions as part of the Portfolio Construction group at Putnam and also manages a team of analysts who evaluate government securities in G7 countries and emerging markets.

Prior to joining Putnam in 1997, Mr. Atkin was the Director of the Latin America Department for the Institution of International Finance. He has also served as the Lead Economist in the Economics and sub-Saharan Africa Departments at the International Finance Corporation, World Bank.

Mr. Atkin completed a graduate fellowship from the Department of Economics at New York University. He also holds an M.S. from Cornell University and a B.A. from the Lincoln College at Oxford University.

Mr. Atkin has been in the investment industry since 1988.

Panelist

Jeffrey Palma, Head of Global Equity Strategy UBS Investment Research

Jeffrey Palma is a Managing Director and head of Global Equity Strategy for UBS Investment Research. Jeffrey and his team are responsible for coordinating our global macro and sector research views into a comprehensive global strategy product.

Prior to his current role, Jeffrey worked in the Global Asset Allocation team from 2001 to 2007, and was based in London from 2002 to 2005. The team was ranked number one by Global Institutional Investor. Before that, he was a member of the US Economics research group.

Before joining UBS in 1999, Jeffrey worked as an economist and research analyst at Bankers Trust.

Jeffrey received a BA in Economics from Rutgers University and completed his MBA at Columbia University.

Moderator

Cynthia Steer, Head of Manager Research & Investment Strategy BNY Mellon Investment Management

Cynthia Steer is Head of Manager Research and Investment Solutions for BNY Mellon Investment Management.

She is responsible for performance oversight, due diligence and analysis of investment performance across BNY Mellon Investment Management. She is the senior investment advisor to the executive management of BNY Mellon Investment Management. She also focuses on measuring and analyzing the firm’s investment strategies and on its overall solutions effort. In addition, she provides ongoing thought leadership on global investment strategy.

Steer joined BNY Mellon in January 2012 from Russell Investments, where she was managing director for investment strategy and consulting. She was responsible for working with clients on investment policy decisions, development of liquidity strategies, and asset allocation, including to emerging and frontier markets.

Before joining Russell, she was chief research strategist at Rogerscasey and oversaw global investment management and capital markets research, emerging and frontier markets research, and fixed income research. Her experience also includes managing the assets of a broad spectrum of major public and corporate pension plans, including those of several Fortune 500 companies, investments for high-net-worth individuals and families, and public and private endowment funds.

Steer received her bachelor’s degree from Smith College and her M.B.A. in Finance from The Wharton School at the University of Pennsylvania. Among other honors, she was named the 2010 distinguished investment professional of the year by Women Investment Professionals. She has written and lectured widely on strategic investment matters.