Power, Politics and Hedge Funds

Date: October 26, 2010 | Location: W Hotel, New York City

Thank you to all the speakers and attendees who made the inaugural FINforums event, Power, Politics and Hedge Funds, such a success. 

A special thanks to our main sponsor InfoHedge, and to Victor Park and his Alternative Asset Summit for providing complimentary copies of Charlie Gasparino’s new book, Bought and Paid For.

Finally, thank you to the student volunteers from the Stern Hedge Fund Association, especially Paul Elkouss, who photographed the event.

Highlights Included

  • Charlie Gasparino’s keynote address, in which the Fox Business Network senior correspondent talked about what he calls the “unholy alliance” between Wall Street and Washington.
  • SkyBridge Capital’s Anthony Scaramucci spoke one-on-one with former NBC News anchor John Seigenthaler about how politics and policies are impacting the financial services industry and the American economy.
  • Industry experts discussed financial regulation and its impact on hedge funds, and more.
  • The event was followed by a lively cocktail reception.

  

Speakers Included

  • Charles Gasparino, Senior Correspondent, FOX Business Network
  • Phil Goldstein, Founder and Partner, Bulldog Investors
  • Stephen A. Myrow, Managing Director and COO, ACG Analytics, Inc.
  • Reshma Saujani, Former Congressional Candidate and Legal Scholar
  • Anthony Scaramucci, Managing Partner, SkyBridge Capital
  • Donald Steinbrugge, Managing Partner, Agecroft Partners
  • John Seigenthaler, Former NBC News anchor and CEO of Seigenthaler PR-NY (Chair and Moderator)

 

Attendees Hailed From The Following Firms

ACG Analytics, Inc. Agecroft Partners
Ajna Partners Alexandra Investment
Alprion Capital Management Alternative Asset Investment Mgmt.
Angelo, Gordon & Co. Argosy Asset Management
Asset Alliance Corp. Avalon Group
Beaconcrest Capital Management BofA / Merrill Lynch
Brickley Financial Services Brimco LLC
Bulldog Investors Business Liaison Office Athens
ConvergEx | NothPoint Trading CR Investments
Cushman & Wakefield Daiwa Asset Management
Dow Jones Evolution
Exis Capital Ezra Zask Advisors
Fox Business Network Further Lane
Galloway Capital GCore Capital Management
GoldenTree Asset Management Greenberg Traurig
HAGIN Investment Management HG Vora Capital Management
High Speed Analytics Hornblower & Company
IHopeUSA LLC Infinity capital S.A.M.
KLS Diversified Asset Management              L Plus LLC
Little Wolf Longship Alternative Asset
Lountzis Asset Management M.D. Sass Investors Services
Martrad International Miller CTA
Monaco Asset Management Noesis LLC
Northeast Securities Objecutive
Paladin Strategic Partners Paladyne Systems
Pan Reliance Capital Advisors Protocol Capital Management
QRT Management QuantZ Capital Management
RBC Capital Markets RBW Capital Advisors
RCL Advisors Riverside Risk Advisors
Roubini Global Economics RS Cohen Capital Management
Saif Capital Advisors SkyBridge Capital
Susquehanna International Group Swiss Select Advisors
Taconic Capital Advisors The Alpha Cooperative
The Economist The Hedge Fund Association
The Midway Group U Capital Group
UCM Partners Virid Eco Fund
W. Marsh & Co. Acquisitions WestLB
Woodhull Capital Advisors  

Agenda

3:30-4:00 Check-in
4:00-4:20 Keynote: Charlie Gasparino, Fox Business News
4:20-4:30 Questions from audience
4:35-5:00 One-on-one fireside chat: John Seigenthaler interviews Anthony Scaramucci of SkyBridge Capital
5:00-5:10 Questions from audience
5:15-6:05 Panel discussion moderated by John Seigenthaler: Participants include Phil Goldstein, Bulldog Investors; Stephen Myrow, ACG Analytics, Inc.; Reshma Saujani, Legal Scholar; Anthony Scaramucci, SkyBridge Capital; Donald Steinbrugge, Agecroft Partners
6:05-6:15 Questions from audience
6:15-8:00 Cocktail reception

Speaker Bios

Charlie Gasparino

Charles Gasparino
Senior Correspondent, FOX Business Network

Charles Gasparino joined FOX Business Network (FBN) in February 2010. Gasparino provides on-air reporting throughout the business day for the network, covering the latest news from the financial world.

Prior to joining FBN, Gasparino was an on-air editor for CNBC where he was responsible for breaking some of the biggest stories affecting the financial markets during the recent financial crisis. Before joining CNBC, he was a senior writer at Newsweek magazine where he broke major stories involving Wall Street and corporate America. Gasparino also served as a writer for the Wall Street Journal where he was nominated for the Pulitzer Prize in beat reporting in 2002 and won the New York Press Club award for best continuing coverage of the Wall Street research scandal. Gasparino’s latest book, Bought and Paid For, exposes the deep ties between the Obama administration and the big banks that are bankrupting our country.

Gasparino received a B.A. from Pace University and a Masters degree in journalism from the University of Missouri in Columbia, Missouri. He resides with his wife in New York City.

Stephen Myrow

Stephen Myrow
Managing Director and COO, ACG Analytics, Inc.

Stephen Myrow is Managing Director and Chief Operating Officer of ACG Analytics, an independent investment research firm based in Washington, DC that advises its clients on how anticipated governmental actions will impact their portfolios. Prior to joining ACG Analytics, Mr. Myrow served as Chief of Staff to Deputy Treasury Secretary Robert M. Kimmitt. In this capacity, he was responsible for managing day-to-day operations of the department in coordination with the Chief of Staff to Treasury Secretary Henry M. Paulson, Jr. He also oversaw the design and operationalization of the Office of the Chief Investment Officer for the Troubled Asset Relief Program (TARP), including the structuring of TARP participation in the Federal Reserve’s Term Asset-Backed Securities Loan Facility (TALF).

Prior to joining Treasury, Mr. Myrow served as Senior Vice President and Chief of Staff at the Export-Import Bank of the United States, the official export credit agency of the United States with a $57 billion credit portfolio, where he was responsible for coordinating the Bank’s internal operations and external relations since 2006. He also served in a variety of legal and policy roles at the State Department and Defense Department.

Mr. Myrow practiced corporate law with an emphasis on international transactions in New York and Washington, DC from 1997 to 2003. He received a bachelor’s degree in Political Science and Russian Studies from Colgate University, a master’s degree in International Economics and Strategic Studies from the Paul H. Nitze School of Advanced International Studies of Johns Hopkins University, and a law degree from the Georgetown University Law Center. He is a life member of the Council on Foreign Relations

Reshma Saujani

Reshma Saujani
Former Congressional Candidate and Legal Scholar

Reshma Saujani is a former Congressional Candidate for New York’s 14th district which covers Manhattan and Western Queens. She is a community activist and a legal scholar.

Reshma is a graduate of the University of Illinois and she received her Masters in Public Policy from the Kennedy School of Government at Harvard University and her JD from Yale Law School. Reshma current writes for WNYC’s “It’s a Free Country.”

In her role as an attorney, Reshma has served as Deputy General Counsel of the Liquid Markets business at Fortress Investment Group, and prior to that she was an Associate General Counsel at Carlyle-Blue Wave Partners and an Attorney at Carret Asset Management. She began her legal career at Davis Polk and Wardwell.

Anthony Scaramucci

Anthony Scaramucci
Managing Partner, SkyBridge Capital

Anthony Scaramucci is the founder and managing partner of SkyBridge Capital, a New York-based alternative investment management company with $7.4 billion in total assets under advisement. The firm offers investment services across four business lines addressing a wide range of market participants from individual retail investors to large institutions. These business lines are commingled funds of funds products, custom portfolios, hedge fund seeding and hedge fund advisory services.

Prior to founding SkyBridge, Mr. Scaramucci was a co-founder of Oscar Capital Management, which was sold to Neuberger Berman in 2001 after building a managed account business and four hedge funds having in aggregate more than $800 million of assets. Upon Neuberger Berman’s sale to Lehman Brothers in 2003, he served as a managing director in their investment management division. From 1989 to 1996, Mr. Scaramucci was at Goldman Sachs & Co., where in 1993 he became a vice president in private wealth management.

Mr. Scaramucci earned a BA in Economics from Tufts University in 1986 and graduated summa cum laude. He is a member of the Phi Beta Kappa society. He graduated with a J.D. from Harvard Law School in 1989. He is a Board Member of The Lymphoma Foundation and The Brain Tumor Foundation. Mr. Scaramucci is also on the Board of Overseers for the School of Arts and Sciences at Tufts University and a member of the NYC Financial Services Advisory Committee.

John Seigenthaler

John Seigenthaler
CEO of Seigenthaler Public Relations-NY

John Seigenthaler, CEO of Seigenthaler Public Relations-NY, develops and manages strategic communications programs for his clients. His extensive background as an award winning network television journalist provides clients with a unique perspective. He specializes in crisis communications, reputation management, new media strategies and executive media training.

John spent more than a decade at the NBC television network as NBC News Special Correspondent and anchor of the top-rated “NBC Nightly News Weekend Edition.” He has won numerous awards including the Robert F. Kennedy Journalism Award for a series on the civil rights movement, the Headliner Award and the TV News Award from the President’s Committee on the Disabled. John is a graduate of Duke University.

Don Steinbrugge

Don Steinbrugge
Chairman, Agecroft Partners

Don Steinbrugge is Chairman of Agecroft Partners, a global consulting and third party marketing firm for hedge funds. Agecroft currently has six hedge fund clients whose organizations average over $1.5 billion in assets under management.

Mr. Steinbrugge has served as the head of sales for one of the world’s largest hedge fund organizations and institutional investment management firms. He was a founding principal of Andor Capital Management, which was formed when he and a number of his associates spun out of Pequot Capital Management. At Andor, he was head of sales, marketing, and client service and was a member of the firm’s operating committee. When he left Andor, the firm ranked as the second largest hedge fund firm in the world.

Prior to Pequot, Mr. Steinbrugge was a managing director and head of institutional sales for Merrill Lynch Investment Managers. Before that, Mr. Steinbrugge was head of institutional sales for NationsBank (now Bank of America Capital Management). He began his career in 1984 with The Travelers.

Mr. Steinbrugge is currently a member of the investment committees for The City of Richmond Retirement System, Lewis Ginter Botanical Gardens Endowment Fund, The Science Museum of Virginia Endowment Fund and The Richmond Sports Backers Scholarship Fund. He is also a member of the board of directors of The Richmond Ballet, and the University of Richmond’s Robins School of Business.

Phil Goldstein

Phil Goldstein
Founder and Partner, Bulldog Investors

In December 1992, after working 25 years as a civil engineer for the City of New York, Phillip Goldstein co-founded what is now Bulldog Investors, a value oriented group of hedge funds that invest primarily in closed-end funds, small cap operating companies and special situations. Bulldog Investors is an opportunistic investment manager that often employs activism to unlock or enhance the intrinsic value of its investments. As of September 30, 2010, Opportunity Partners L.P., Bulldog’s original hedge fund has returned 13% per annum net to its investors over its 17-3/4 year existence.

In 2009, after gaining control of the board of directors of Insured Municipal Income Fund via a proxy contest, Mr. Goldstein and his partners at Bulldog formed Brooklyn Capital Management, a registered investment advisor to serve as the fund’s new investment advisor. After stockholder approval of the advisory agreement with BCM and of a change in the fund’s objective to providing total return rather than tax free income, the fund’s name was changed to Special Opportunities Fund (NYSE: SPE).

Mr. Goldstein received a Bachelor of Engineering degree from the University of Southern California in 1966 and a Master of Engineering degree from C.C.N.Y in 1968. He has served as a director of a number of closed-end funds and is currently a director of the Mexico Equity & Income Fund, ASA Ltd., Special Opportunities Fund, Korea Equity Fund and Brantley Capital Corporation.

In 2006, Mr. Goldstein and Bulldog Investors succeeded in a legal challenge to invalidate the SEC’s controversial rule to register hedge funds. They are currently involved in legal challenges relating to: (1) Section 13f of the Securities Exchange Act of 1934 which requires institutional investment managers to periodically disclose their equity holdings, (2) Section16b of the Securities Exchange Act of 1934 which requires statutory insiders to disgorge their “short swing profits” to the issuer, and (3) the prohibition on general solicitation by issuers of unregistered securities.

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