Delivering Alpha continues to be an incomparable who’s who of the investor community with leading asset manager and institutional investors offering candid views along with illustrious political and economic commentators appearing in short segments moderated by CNBC talent and II editors.
For coverage related to Delivering Alpha and content from prior conferences, please visit DeliveringAlpha.com.
Mary Callahan Erdoes is Chief Executive Officer of J.P. Morgan's Asset & Wealth Management division, a global leader in investment management and private banking, with $2.8 trillion in client assets. She is also a member of JPMorgan Chase & Co.'s Operating Committee.
Erdoes joined J.P. Morgan in 1996 from Meredith, Martin & Kaye, a fixed-income specialty advisory firm. Previously, she worked at Bankers Trust in corporate finance, merchant banking and high-yield debt underwriting.
She is a board member of Robin Hood, the U.S. Fund for UNICEF and the U.S.-China Business Council. She also serves on the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets.
Erdoes earned a BS in mathematics from Georgetown University and an MBA from Harvard Business School. She lives in New York City with her husband and three daughters.
Alex Denner is the founding partner and chief investment officer of Sarissa Capital Management LP, a registered investment advisor, which he founded in 2012. Sarissa Capital focuses on improving the strategies of companies to enhance shareholder value. From 2006 to 2011, Denner served as a senior managing director at Icahn Capital, an entity through which Carl Icahn conducts his investment activities. Prior to that, he was a portfolio manager at Viking Global Investors, a private investment fund, and Morgan Stanley Investment Management, a global asset management firm. Denner currently serves as a director of Biogen Inc., Bioverativ Inc. and The Medicines Company, all health care companies. He previously served as a director of the following health care companies:
- ARIAD Pharmaceuticals Inc., where he also served as chairman
- Amylin Pharmaceuticals Inc., VIVUS Inc.
- Enzon Pharmaceuticals Inc.
- ImClone Systems Inc., where he also served as chairman of the executive committee
Alex Denner received his S.B. degree from the Massachusetts Institute of Technology and his M.S., M.Phil and PhD degrees from Yale University. Denner has a strong background overseeing the operations, capital allocation and research and development of health care companies and evaluating corporate governance matters. He also has extensive experience as an investor, particularly with respect to health care companies and has broad health care industry knowledge.
Kenneth C. Griffin is the Founder and Chief Executive Officer of Citadel, a global alternative investment firm. Ken began trading from his dorm room at Harvard in 1987, installing a satellite dish on the roof to receive real-time stock quotes. Three years later, he founded Citadel, believing that the integration of exceptional talent, advanced quantitative analytics and leading-edge technology would generate consistent, strong long-term performance. Today, the firm is recognized as one of the most successful alternative investment firms in the world, investing on behalf of capital partners that include preeminent public, private and non-profit institutions.
In 2002, the team at Citadel established Citadel Securities, now one of the leading market markers in the world. Citadel Securities has been at the forefront of the modernization of markets and market structures, which has delivered enormous benefits to investors globally. Its institutional business serves more than 1,600 clients, including many of the world’s largest sovereign wealth funds and central banks. Over the past two decades, Citadel Securities has advocated for and created more open, transparent, competitive and resilient markets, both in the US and abroad. Ken is Non-Executive Chairman of Citadel Securities.
Ken has contributed more than $1 billion philanthropically in recent years, including catalytic giving to expand access to high-quality education at every level, advance medical research, reduce recidivism and violent crime, enhance public spaces and support our country’s world-renowned cultural institutions.
Ken holds an A.B. in Economics from Harvard College and serves on a number of boards that reflect both his commitment to driving upward mobility through economic and educational opportunities and his passionate support for cultural institutions that enrichen our lives and communities.
Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. He sits on its Management Committee and most of its investment committees. Mr. Gray previously served as the firm’s Global Head of Real Estate, which he helped to build into the largest real estate platform in the world. He joined Blackstone in 1992.
Mr. Gray currently serves as Chairman of the Board of Hilton Worldwide. He also serves on the board of Harlem Village Academies. Mr. Gray and his wife, Mindy, established the Basser Center for BRCA at the University of Pennsylvania School of Medicine focused on the prevention and treatment of BRCA related cancers. They also established NYC Kids RISE in partnership with the City of New York to accelerate college savings for low income children.
Mr. Gray received a BS in Economics from the Wharton School, as well as a BA in English from the College of Arts and Sciences at the University of Pennsylvania.
Samantha Greenberg is the CIO of Margate Capital Management, an SEC-registered investment advisor she founded in 2016. Margate pursues a thematic, catalyst-driven fundamental long/short equity strategy focused on investments across the technology, internet/media and consumer sectors, where Greenberg has 17 years of investment experience.
Prior to Margate, she was a partner and media/consumer sector head at Paulson & Co., where she generated and managed event-driven equity investments across the consumer and TMT sectors, in addition to managing a team of analysts in her sectors. Prior to Paulson & Co., Greenberg was a vice president in the Special Situations Group of Goldman Sachs, one of Goldman Sachs’ largest proprietary investing businesses. She joined Goldman Sachs’ Special Situations Group from Chilton Investment Company, where she was a long/short equity analyst focusing on TMT and consumer sectors.
Greenberg began her career as an investment banking analyst at Goldman Sachs’ Mergers & Acquisitions investment banking group, and also worked as a private-equity associate at Francisco Partners. She has been named to the Hedge Fund Journal/Ernst & Young’s “50 Leading Women in Hedge Funds” and also was named as “2016 Hedge Fund Rising Star” by Institutional Investor.
Greenberg received her MBA from Stanford University’s Graduate School of Business and graduated summa cum laude from the Wharton School at the University of Pennsylvania, with a BS in economics and dual concentration in finance and strategic management.
Alex Roepers is the chief investment officer of Atlantic Investment Management, a global equity value-investing firm he founded in 1988. Roepers applies a differentiated constructive shareholder activist investment approach to unlock incremental value in high-quality, undervalued companies in the consumer-, industrial- and business-services sectors. Atlantic's highly experienced investment team has successfully influenced change at many leading companies over the past 30 years in the United States, Europe and Japan.
Roepers began his investing career in the operations and corporate development departments at multibillion-dollar conglomerates Thyssen-Bornemisza Group (1984–88) and Dover Corp. (1980–82).
He serves on the Board of Dean's Advisors at Harvard Business School, as well as the Hotchkiss Investment Committee, the University of St. Andrews North American Advisory Board, the Metropolitan Museum of Art Chairman's Council and is the U.S. chair for the Compagnie Fonds, Dutch Maritime Museum. He also serves on Memorial Sloan Kettering's Special Projects Committee and is founder and board member for his charitable foundation, The Alexander J. Roepers Foundation.
Roepers has an MBA from Harvard Business School and a bachelor of business administration from Nijenrode University, which is the Netherlands School of Business.
David M. Rubenstein is Co-Founder and Co-Chairman of The Carlyle Group, one of the world’s largest and most successful private investment firms. Established in 1987, Carlyle now manages $325 billion from 26 offices around the world.
Mr. Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago; a Fellow of the Harvard Corporation; a Trustee of Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the National Constitution Center, the Brookings Institution, and the World Economic Forum; and a Director of the Lincoln Center for the Performing Arts and the American Academy of Arts and Sciences.
Mr. Rubenstein is a member of the American Philosophical Society, Business Council, Harvard Global Advisory Council (Chairman), Madison Council of the Library of Congress (Chairman), Board of Dean’s Advisors of the Business School at Harvard, Advisory Board of the School of Economics and Management at Tsinghua University (former Chairman), and Board of the World Economic Forum Global Shapers Community.
Mr. Rubenstein has served as Chairman of the Boards of Duke University and the Smithsonian Institution, and Co-Chairman of the Board of the Brookings Institution.
Mr. Rubenstein is an original signer of The Giving Pledge, a significant donor to all of the above-mentioned non-profit organizations, and a recipient of the Carnegie Medal of Philanthropy, and the MoMA’s David Rockefeller Award, among other philanthropic awards.
Mr. Rubenstein is a leader in the area of Patriotic Philanthropy, having made transformative gifts for the restoration or repair of the Washington Monument, Lincoln Memorial, Jefferson Memorial, Monticello, Montpelier, Mount Vernon, Arlington House, Iwo Jima Memorial, the Kennedy Center, the Smithsonian, the National Archives, the National Zoo, the Library of Congress, and the National Museum of African American History and Culture. Mr. Rubenstein has also provided to the U.S. government long-term loans of his rare copies of the Magna Carta, the Declaration of Independence, the U.S. Constitution, the Bill of Rights, the Emancipation Proclamation, the 13th Amendment, the first map of the U.S. (Abel Buell map), and the first book printed in the U.S. (Bay Psalm Book).
Mr. Rubenstein is the host of The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV and PBS and Bloomberg Wealth with David Rubenstein on Bloomberg TV; and the author of The American Story: Conversations with Master Historians, a book published by Simon & Schuster in October 2019, How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers, a book published by Simon & Schuster in September 2020, and The American Experiment: Dialogues on a Dream, a book published by Simon & Schuster in September 2021.
Mr. Rubenstein, a native of Baltimore, is a 1970 magna cum laude graduate of Duke University, where he was elected Phi Beta Kappa. Mr. Rubenstein graduated in 1973 from the University of Chicago Law School, where he was an editor of the Law Review.
From 1973–1975, Mr. Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison. From 1975–1976, he served as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments. From 1977–1981, during the Carter Administration, Mr. Rubenstein was Deputy Assistant to the President for Domestic Policy. After his White House service and before co-founding Carlyle, Mr. Rubenstein practiced law in Washington with Shaw, Pittman, Potts & Trowbridge (now Pillsbury Winthrop Shaw Pittman).
Edgar "Ed" Wachenheim III is founder, CEO and chairman of Greenhaven Associates, a value-oriented investment management firm that manages approximately $7.5 billion. Clients include wealthy families, university endowments and nonprofits. Purchase, New York-based Greenhaven invests with a three- to four-year time horizon and pays almost no attention to short-term or relative performance or to prediction on the near-term direction of the stock market. From 1988–2017, the average annual return of a Greenhaven portfolio had been roughly 19 percent (before fees).
Author of the book, Common Stocks & Common Sense (Wiley – 2016), Wachenheim is vice chairman of the board of Central National-Gottesman, a company with close to $6 billion in revenues that distributes and markets paper around the world; chairman of the board of WNET; a trustee of the Museum of Modern Art; life trustee and former chair of the executive and investment committees of the New York Public Library; trustee emeritus and former vice chair of Skidmore College and trustee emeritus and former board president of Rye Country Day School.
Wachenheim's interests include hiking, tennis, photography, modern art and the management of endowments (have been chair of five investment committees over the years). He has four children and six grandchildren and lives in Rye, New York.
Marc Levine is the Chairman of the Illinois State Board of Investment (ISBI), which manages $22 billion on behalf of 140,000 state employees. Marc was a pioneer in the asset-backed securities industry with transactions including the first-ever securitization of precious metals. Marc was the founding principal of Chicago Asset Funding LLC, a AAA-rated structured-finance investment firm that in 2009 was one of the market's largest investors in junior collateralized loan obligations. Prior to that Marc ran similar vehicles for ABN AMRO and Continental Bank in Chicago and began his career in auditing and consulting at KPMG.
Marc earned his MBA from Northwestern University's Kellogg Graduate School of Management, received his B.S. from the University of Florida and is a Certified Public Accountant. Marc has also served on the S&P Dow Jones Indices US Advisory Panel, the Illinois Teachers Retirement System pension board and numerous corporate boards, including the leasing subsidiaries of General Motors.
Guy is an original member of CNBC's Fast Money. He is currently the Director of Advisor Advocacy at Private Advisor Group in Morristown, New Jersey. Private Advisor Group is comprised of a network of nearly 600 advisors with assets approaching $17B.
Guy has held numerous key leadership roles in the financial services industry. He began his career at Drexel Burnham Lambert in 1986 and was quickly promoted to Vice President and head gold trader at the firm. In 1996, he joined Goldman Sachs as their head gold trader and one of the many proprietary traders within the Fixed Income Currency and Commodity division. In the spring of 2000, Adami joined the U.S. Equities division of Goldman Sachs where he was put in charge of the firm's Industrial/Basic Material group.
Guy is the Vice Chairman of the NJ Chapter of The Leukemia and Lymphoma Society, who named him their "Man of the Year" in 2015.He also sits on the national board of Invest in Others, and Big Brothers Big Sisters. In August 2012, Guy completed the New York City Ironman.
An award-winning journalist and New York Times best-selling author, David Faber is a co-anchor of CNBC's "Squawk on the Street" (M-F, 9AM-11AM ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming.
During the day, Faber breaks news and provides in-depth analysis on a range of business topics during the "Faber Report." In his more than two decades with CNBC, Faber has broken many big financial stories, including Disney's deal to buy most of Twenty-First Century Fox's assets, the massive fraud at WorldCom and Rupert Murdoch's unsolicited bid for Dow Jones.
Faber has reported 10 documentaries for CNBC for which he has received Loeb, Emmy, Peabody and duPont awards.
His book "The Faber Report" was published by Little, Brown in spring 2002; his second book, "And Then the Roof Caved In," was published in the summer of 2009 by John Wiley.
He holds a bachelor's degree in English from Tufts University.
Melissa Lee is the host of CNBC’s “Fast Money” (Monday-Thursday, 5PM-6PM ET; Friday, 5PM-5:30PM ET), which originates from the Nasdaq’s MarketSite studio in New York’s Times Square. “Fast Money” gives you the information normally reserved for the Wall Street trading floor, enabling you to make decisions that can make you money. She is also the host of “Options Action,” (Friday, 5:30PM ET), a weekly half-hour program that explains the advantages of options trading.
In addition, Lee is a member of the ensemble cast of CNBC’s “Power Lunch” (M-F, 2PM-3PM ET).
Previously, Lee was co-anchor of CNBC’s “Squawk on the Street” and host of “Money in Motion Currency Trading” and "Option's Action". She also covered investment banking, hedge funds and private equity for the network.
Lee has reported one-hour documentaries for the network, including “Rise of the Machines (2013),” “Code Wars: America’s Cyber Threat”(2011), ”Coca-Cola: The Real Story Behind the Real Thing” (2009) and ”Porn: Business of Pleasure” (2009). In 2008, Lee reported and anchored a one-hour documentary, “Made in China: People’s Republic of Profit,” from Beijing and Shanghai. She reported extensively for the network on China from the country’s growth to its challenges to the opportunities for U.S. businesses.
Lee received a 2010 Gracie Award for Outstanding Host-News and a Gerald Loeb Award nomination in 2009 for a CNBC Special Report: “Is Your Money Safe? The Fall of Lehman Brothers,” for which she co-anchored. Lee also has been nominated for two Emmy awards in Business News. In 2007, she was recognized for her report, “The $50M Con,” about a college student-turned scammer who ran a fake hedge fund and was ultimately caught by the FBI. And in 2003, she was nominated for her reporting on the proxy voting of mutual funds.
Prior to joining CNBC in 2004, Lee worked for Bloomberg Television and CNN Financial News.
Before her career in television, Lee was a consultant at Mercer Management Consulting. Her cases focused on the banking and credit card sectors.
Lee graduated with honors from Harvard College with a bachelor of arts in government. She also served as Assistant Managing Editor of the Harvard Crimson.
Tyler Mathisen co-anchors CNBC's "Power Lunch" (M-F, 1PM-3PM ET), one of the network's longest running program franchises. He is also Vice President, Events Strategy for CNBC, working closely with the network's events team to grow the rapidly expanding business.
Previously, Mathisen was co-anchor of "Nightly Business Report," an award-winning evening business news program produced by CNBC for U.S. public television. In 2014, NBR was named best radio/TV show by the Society of American Business Editors and Writers (SABEW). Since joining CNBC in 1997, Mathisen has held a number of positions including managing editor of CNBC Business News, responsible for directing the network's daily content and coverage. He was also co-anchor of CNBC's "Closing Bell."
Mathisen has reported one-hour documentaries for the network including "Best Buy: The Big Box Fights Back," "Supermarkets Inc: Inside a $500 Billion Money Machine" and "Death: It's a Living." Mathisen was also host of the CNBC series "How I Made My Millions."
Prior to CNBC, Mathisen spent 15 years as a writer, senior editor and top editor for Money magazine. Among other duties, he supervised the magazine's mutual funds coverage, its annual investment forecast issue and its expansion into electronic journalism, for which it won the first-ever National Magazine Award for New Media in 1997.
In 1993, Mathisen won the American University-Investment Company Institute Award for Personal Finance Journalism for a televised series on "Caring for Aging Parents," which aired on ABC's "Good Morning America." Mathisen served as money editor of "GMA" from 1991 to 1997. He also won an Emmy Award for a report on the 1987 stock market crash that aired on New York's WCBS-TV.
A native of Arlington,Va., Mathisen graduated with distinction from the University of Virginia.
Andrew Ross Sorkin is co-anchor of "Squawk Box" (M-F, 6AM-9AM ET), CNBC's signature morning program. Sorkin is also a financial columnist for The New York Times and the editor-at-large of DealBook, a news site he founded that is published by The Times.
Sorkin is the author of the best-selling book, "Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves," which chronicled the events of the 2008 financial crisis. The book won the 2010 Gerald Loeb Award for Best Business Book, and was shortlisted for the 2010 Samuel Johnson Prize and the 2010 Financial Times Business Book of the Year Award. The book was adapted as a movie by HBO Films in 2011. Sorkin was a co-producer of the film, which was nominated for 11 Emmy Awards.
Sorkin is also co-creator of the drama series "Billions" on Showtime starring Paul Giamatti and Damien Lewis.
Over the years, Sorkin has broken news on many major mergers and acquisitions, including Chase's acquisition of JPMorgan and Hewlett-Packard's acquisition of Compaq. He also led The Times's coverage of Vodafone's $183 billion hostile bid for Mannesmann, resulting in the world's largest takeover ever.
He won a Gerald Loeb Award in 2004 for breaking the news of IBM's historic sale of its PC business to Lenovo. He was also a finalist in the commentary category for his DealBook column. He won a Society of American Business Editors and Writers Award for breaking news in 2005 and again in 2006. In 2007, the World Economic Forum named him a Young Global Leader. In 2008 and 2009, Vanity Fair named him to its "Next Establishment" list. He was also named to the "Directorship 100," a list of the most influential people on the nation's board of directors. He is a term member of the Council on Foreign Relations.
Sorkin began writing for The New York Times in 1995 under unusual circumstances: He hadn't yet graduated from high school.
He graduated from Cornell University with a B.S. degree in May 1999.
7:30am - 8:30am
Registration and Breakfast
Breakfast sponsored by: Hospital for Special Surgery
8:00am - 8:45am
Master of Ceremonies: Tyler Mathisen, Co-Anchor, “Power Lunch” and Vice President, Events Strategy, CNBC
Diane E. Alfano, Chairman and Chief Executive Officer, Institutional Investor
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 Dec 2021 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
PGIM Fixed Income is a global asset manager offering active solutions across all fixed-income markets. The company has offices in Newark, New Jersey; London, Tokyo and Singapore. As of December 31, 2017, the firm has $709 billion of assets under management, including $291 billion in institutional assets, $122 billion in retail assets and $296 billion in proprietary assets. Nearly 600 institutional asset owners have entrusted PGIM Fixed Income with their assets.
At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management and superior trade execution. Risk budgeting is central to this approach. Our extensive size and scale benefits our clients in our ability to have the necessary resources to maintain large and deep research teams, implement world-class risk management systems, establish ourselves as a known entity to both corporate issuers and sell side analysts and add considerable value to our investment process in finding key opportunities for our investors.
HSS is the world’s leading academic medical center dedicated to musculoskeletal health, powered by Hospital for Special Surgery – ranked #1 in the nation for Orthopedics for the past eleven years in a row by U.S. News & World Report. HSS helps some of the nation’s largest and highest-performing corporations with population-scale support to improve workforce wellness and performance.
EisnerAmper LLP is a global premier full-service accounting, tax and advisory firm focused on the middle market. EisnerAmper has led the way in establishing and building a highly trained and dedicated Asset Management Group. Our professionals have extensive experience and expertise in the intricacies of the regulatory and tax environment, the valuation of complex financial instruments and the challenges of maintaining strong accounting and investment controls. We possess a multidisciplinary team that provides full-service advisory, compliance and regulatory programs and solutions, as well as cybersecurity services to investment advisors and private funds.
EisnerAmper has been recognized repeatedly, not just for the value of our services but for the value of our relationships, and have continued to maintain lasting ones. There are more than 300 professionals dedicated to financial services clients, including 60 partners.
Our clients include more than 1,350 hedge funds and 250 private equity fund and venture capital funds. We provide services to both emerging and established entities, including over 120 funds with more than $1 billion in assets under management. Through a local presence in key international markets and EisnerAmper Global, an international network of accounting firms, we provide our financial services clients expertise where they are doing business, raising capital and investing.
Amherst Capital Management LLC is a U.S. real estate investment specialist with approximately $6.1 billion of assets under management. Amherst Capital was established in 2014 as a majority-owned subsidiary of BNY Mellon and is minority-owned by Amherst Holdings. Texas Treasury Safekeeping Trust Company is a founding seed investor of Amherst Capital. Amherst Capital offers traditional and alternative real estate investment strategies to private and institutional investors globally. Amherst Capital’s investment strategies are grounded in deep intellectual capital and proprietary technology designed to help clients meet their portfolio needs.
State Street Global Advisors serves governments, institutions and financial advisors with a rigorous approach, breadth of capabilities and belief that good stewardship is good investing for the long term. Pioneers in index, ETF, and ESG investing and the world’s fourth-largest asset manager*, we are always inventing new ways to invest.
*Pensions & Investments Research Center, as of 12/31/21
The World Gold Council is the market development organization for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market.
We are a unique organization that delivers tangible benefits to the gold industry. We are an active force within the market, working with a large and diverse set of partners to create access, drive innovation and stimulate demand, while providing a collective voice for our members. We provide insights into the international gold markets, helping people to understand the investment qualities of gold and its role in meeting the social and environmental needs of society.