One of the most influential investor conferences every year, Delivering Alpha brings together the biggest asset managers and investors, plus influential political and economic figures for a high-level discussion on the critical issues in today’s global economy.
The event features one-on-one interviews and panel discussions led by top journalists from CNBC and Institutional Investor.
For coverage related to Delivering Alpha and content from prior conferences, please visit DeliveringAlpha.com.
Secretary Steven T. Mnuchin serves as the Founder and Managing Partner of Liberty Strategic Capital and chairs the firm’s Investment Committee. Liberty Strategic Capital is a Washington, DC-based private equity firm focused on strategic investments in technology, financial services and fintech, and new forms of content. The firm was founded in 2021 and has made significant investments in technology and cybersecurity companies. Prior to founding Liberty, Mr. Mnuchin served as the 77th Secretary of the Treasury from February 2017 through January 2021. As Secretary, Mr. Mnuchin was responsible for leading the U.S. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad. He was also responsible for strengthening national security by combating economic threats and protecting the U.S. financial system, as well as managing the U.S. Government’s finances. Mr. Mnuchin also oversaw Cybersecurity for the financial services sector and all Treasury bureaus including the IRS. Secretary Mnuchin played a pivotal role in shaping/advancing the Administration’s economic agenda, including the passage and implementation of the Tax Cuts and Jobs Act and the CARES Act. He also led the Treasury’s regulatory reform efforts. Secretary Mnuchin was chair of the Committee on Foreign Investment in the United States (CFIUS) and was a member of the NSC.
Carla Harris is vice chairman of Wealth Management and senior client advisor at Morgan Stanley. She was chair of the Morgan Stanley Foundation from 2005 to 2014 and sits on the boards of several community organizations. In August 2013 Carla was appointed by President Barack Obama to chair the National Women’s Business Council. She is a gospel recording artist and a popular public speaker who gives impactful career guidance to corporate audiences based on her book, “Expect to Win.” Carla joined Morgan Stanley in 1987 after completing an AB in economics from Harvard University and an MBA from Harvard Business School.
Elizabeth Warren, a fearless consumer advocate who has made her life's work the fight for middle class families, was elected to the United States Senate on November 6, 2012, by the people of Massachusetts.
Elizabeth is recognized as one of the nation's top experts on bankruptcy and the financial pressures facing middle class families, and the Boston Globe has called her "the plainspoken voice of people getting crushed by so many predatory lenders and under regulated banks."
She is widely credited for the original thinking, political courage, and relentless persistence that led to the creation of the Consumer Financial Protection bureau. President Obama asked her to set up the new agency to hold Wall Street banks and other financial institutions accountable, and to protect consumers from financial tricks and traps often hidden in mortgages, credit cards and other financial products.
In the aftermath of the 2008 financial crisis, Warren served as Chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP). Her independent and tireless efforts to protect taxpayers, to hold Wall Street accountable, and to ensure tough oversight of both the Bush and Obama Administrations won praise from both sides of the aisle. The Boston Globe named Elizabeth Warren Bostonian of the Year and TIME Magazine called her a "New Sheriff of Wall Street" for her oversight efforts.
During her campaign for the Senate, Elizabeth promised to fight for middle class families and to make sure that everyone has a fair shot to get ahead. She called for policies that would level the regulatory playing field for small businesses and ensure that everyone - even large and powerful corporations - pays a fair share in taxes and is held accountable for breaking the law.
Endorsing Elizabeth's candidacy, the New Bedford Standard-Times said, "Elizabeth Warren has it right on all the things that matter most to us in SouthCoast and across Massachusetts," with "principles that without a doubt, promote the well-being of the middle class." The Boston Globe called Elizabeth "a fierce advocate for the lot of working families, creating educational opportunities, and expanding medical research."
The Springfield Republican said, "We need a voice for working families in Washington again. Elizabeth Warren will give us that voice."
Senator Warren was a law professor for more than 30 years, including nearly 20 years as the Leo Gottlieb Professor of Law at Harvard Law School. The graduating class at Harvard twice recognized her with the Sacks-Freund Award for excellence in teaching.
She taught courses on commercial law, contracts, and bankruptcy and wrote more than a hundred articles and ten books, including three national best-sellers, A Fighting Chance, The Two-Income Trap, and All Your Worth. National Law Journal named her one of the Most Influential Lawyers of the Decade, TIME Magazine has named her one of the 100 most influential people in the world four times, and she has been honored by the Massachusetts Women's Bar Association with the Lelia J. Robinson Award.
Elizabeth learned first-hand about the economic pressures facing working families, growing up in a family she says was "on the ragged edge of the middle class." She got married at 19, and after graduating from college, started teaching in elementary school.
Her first baby, a daughter Amelia, was born when Elizabeth was 22. When Amelia was two, Elizabeth started law school. Shortly after she graduated, her son Alex was born.
Elizabeth hung out a shingle and practiced law out of her living room, but she soon returned to teaching.
Elizabeth is a graduate of the University of Houston and Rutgers School of Law.
Elizabeth and her husband Bruce Mann have been married for 38 years and live in Cambridge, Massachusetts with their golden retriever, Bailey. They have three grandchildren.
H.E. Yasir Al-Rumayyan is Public Investment Fund Governor and Aramco Chairman. He is also a member of the Council of Economic and Development Affairs, and serves as an advisor to the General Secretariat of the Council of Ministers, the Chairman of the Decision Support Center, and a board member of Saudi Industrial Development Fund.
He holds a bachelor degree in accounting from King Faisal University and has completed the general management program at Harvard Business School.
9:00am EDT
Tyler Mathisen, CNBC “Power Lunch” Co-Anchor and events strategy, Vice President
9:05am EDT
The 77th U.S. Treasury Secretary joins us for a live discussion about the U.S. economic recovery, additional stimulus and more.
Steven Mnuchin, 77th Secretary of the Treasury
Interviewer: Becky Quick, CNBC “Squawk Box” Co-Anchor
9:35am EDT
In many ways, the pandemic has caused a turn toward deglobalization. While it remains to be seen if this trend continues, investors can now examine many regions and countries as stand-alone investment plays. We’ll speak to some of the biggest names in global investing to find out where in the world they are finding alpha now.
Mary Callahan Erdoes, J.P Morgan Asset & Wealth Management Chief Executive Officer
Joseph Tsai, Alibaba Group Co-Founder and Executive Vice Chairman; Brooklyn Nets Owner
John Vaske, Temasek Head, Americas and Head, Agribusiness
Moderator: Andrew Ross Sorkin, CNBC “Squawk Box” Co-Anchor
10:05am EDT
In a tumultuous market environment, with interest rates, political uncertainty, social upheaval and shifting stakeholder focus, we speak with three of the world’s most influential investors to get their views and thoughts on best strategies and solutions for achieving alpha with investments and beyond.
H.E Yasir Al-Rumayyan, Public Investment Fund Governor; Aramco Chairman
Stephen Schwarzman, Blackstone Chairman, CEO and Co-Founder
Robert F. Smith, Vista Equity Partners Chairman and Chief Executive Officer
Moderator: David Faber, CNBC “Squawk on the Street” Co-Anchor
10:35am EDT
In a year defined by a global pandemic, social unrest and an election, how should investors be navigating the multiple pressures/risks to the market? Where are the opportunities and what is the real impact of politics and pandemics beyond November?
Marc Lasry, Avenue Capital Group Chairman, CEO and Co-Founder
Barry Sternlicht, Starwood Capital Group Chairman and CEO
Afsaneh Beschloss, RockCreek Founder and CEO
Moderator: Brian Sullivan, CNBC “Worldwide Exchange” Anchor and Senior National Correspondent
11:05am EDT
The pandemic, a greater focus on racial justice and major weather events have increased interest in ESG and sustainable investing this year. But measuring ESG investments in terms of their returns versus their impact has never been a clear-cut task. This panel of investors shares how they influence change and achieve alpha with a proactive, ESG agenda.
Jeff Ubben, Inclusive Capital Partners Founder
John Rogers, Ariel Investments Chairman, CO-CEO and Chief Investment Officer
Moderator: Sara Eisen, CNBC “Closing Bell” Co-Anchor
11:35am EDT
Real Estate: Finding Opportunities Today and Tomorrow
Sponsored and programmed by Nuveen
Join us as we explore the impact of the pandemic on real estate, economic drivers behind opportunity and weakness, and some of the shifts that will occur in real estate as a result of the pandemic. Take away critical insight into:
· Where we see opportunity and weakness today across sectors
· The critical role public and private partnership will play in aiding recovery in certain sectors and markets
· Why alternative subsectors offer opportunity to enhance value
· The longer-term impacts to real estate resulting from the pandemic
Carly Tripp, Nuveen Chief Investment Officer, Americas
Interviewer: Karen Finerman, Metropolitan Capital Advisors Co-Founder and CEO
Finding Equilibrium in a Rapidly Changing Liquidity Environment
Sponsored and programmed by FlexShares
Business and government responses to the pandemic sent shocks through the financial markets and as a result, the underlying fundamentals are different and unique and liquidity has become paramount. In this session we will discuss how institutional investors have been approaching liquidity and balancing the search for yield as we move into 2021.
Peter Yi, CFA, Northern Trust Director of Short Duration Fixed Income and Head of Taxable Credit Research
Interviewer: Vernon Biggs, Northern Trust Institutional Business Dev. Executive
Asset Managers: Going Big From Home
Sponsored and programmed by Interactive Brokers
This session will share best practices to quickly set up/expand your business with access to trading the widest array of products and instruments, globally, while limiting your expense. With current global instability, we will address how businesses streamline the entire process in a timely manner, while operating and thriving in a remote work environment.
Brett Goldstein, Interactive Brokers Director of Hedge Fund Sales
Richard Wertheimer, Fort Street Asset Management Portfolio Manager
Wes Gray, Alpha Architect CEO
Moderator: Guy Adami, Private Advisor Group Director of Advisor Advocacy
Opportunities Across Corporate Credit Markets
Sponsored and programmed by PIMCO
Join PIMCO’s Jamie Weinstein, head of corporate special situations, for a discussion of how record growth in issuance and excessive leverage may fuel unprecedented stress in the corporate credit markets, and where PIMCO expects to see both public and private investment opportunities.
Jamie Weinstein, PIMCO Portfolio Manager, Head of Corporate Special Situations
Interviewer: Neal Reiner, PIMCO Alternative Credit Strategist
Investing Amid 2020’s Unprecedented Market
Powered by CNBC PRO
CNBC’s Dom Chu, Bob Pisani and Mike Santoli will provide their perspectives from covering the 2020 market turmoil, what we can learn from it and what history can tell us about where we might go from here.
Dominic Chu, CNBC Senior Markets Correspondent
Bob Pisani, CNBC On-Air Stocks Editor
Michael Santoli, CNBC Senior Markets Commentator
12:05pm EDT
A conversation examining the opportunity of investing with diversity, providing access to capital for minority-run businesses, investing in those businesses, and how these investments have delivered returns both in terms of alpha and in terms of good.
Carla Harris, Morgan Stanley Vice-Chairman, Global Wealth Management and Senior Client Advisor
Kewsong Lee, The Carlyle Group Chief Executive Officer
Moderator: Sharon Epperson, CNBC Senior Personal Finance Correspondent
12:35pm EDT
An in depth discussion about the road ahead for pandemic impacted economy, additional stimulus, jobs and more.
Elizabeth Warren, United States Senator, (D) Massachusetts
Interviewer: Jim Cramer, CNBC “Mad Money w/Jim Cramer” Host and “Squawk on the Street” Co-Anchor
1:00pm EDT
One of the year’s most prolific dealmakers discusses lessons of the past and future opportunities as the firm celebrates its 30th anniversary.
Joshua Harris, Apollo Global Management Co-Founder
Interviewer: Leslie Picker, CNBC Reporter
1:25pm EDT
From “let them fail” to leading the SPAC attack – one of the year’s biggest newsmakers in the investment world joins us to share his perspective on the schism in capitalism, the opportunity in failure and where to look for alpha next.
Chamath Palihapitiya, Social Capital Founder and Chief Executive Officer
Interviewer: Scott Wapner, CNBC “Halftime Report” Host
2:00pm EDT
To learn more about attending Delivering Alpha, please email events@cnbc.com.
Capital Group, home of American Funds, is committed to helping participants achieve better retirement outcomes. With our easy enrollment process, engaging educational resources and diverse investment options, you can enable your employees to invest with confidence.
https://www.capitalgroup.com/employer/retirement-plan-strategies-cnbc.html
FlexShares® leverages research and investment expertise across disciplines to offer new, insightful solutions designed to address actual investor goals. Each strategy is purposefully matched with a core investment objective: growing assets, managing risk, generating income or managing liquidity. FlexShares ETFs are engineered from the ground up including collaborating with an index provider to build the appropriate index that is designed to produce persistent return attributes while emphasizing transparency and cost efficiency in order to deliver alternative index strategies. We intensely focus on identifying and delivering unique insights not already priced into the market. Investors can benefit from our dedication to advancing the science of index design and transparency we deliver through our outcome-oriented ETF solutions for the long-term investor.
For more information, please visit www.flexshares.com.
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.
PIMCO is a global leader in active fixed income. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the nearly 50 years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting market conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.
Visit PIMCO.
Institutional Investor — through its publications, forums, membership groups, databases, research and online services — delivers premium, uncompromised financial, markets, and investments intelligence to decision-makers globally.
For more than 40 years, Institutional Investor Conferences has delivered unique, exclusive events—highly interactive forums for senior financial executives and investors to hear from global thought leaders and selected solutions providers. Our audiences are highly qualified and strictly defined so that everyone in attendance is able to contribute meaningfully to the discussion. We believe it is the exchange of information and experiences among peers that is the hallmark of truly relevant, productive events and it is that factor especially that sets us apart.
Our attendees speak candidly and openly because no press is allowed and overt marketing is prohibited while interaction is encouraged and facilitated. Institutional Investor sessions are led by the world’s leading experts in various fields; all experts who are invited to present share the common goal of communicating practical solutions and providing the information that delegates require in order to succeed. Our forums are intimate, the seniority of our attendees is unparalleled, and we make every effort to ensure that networking is productive.
Institutional Investor Conferences are held regularly in North America, Europe, Asia, the Middle East, Africa, and Central and South America. These gatherings are designed to assess and offer potential solutions for the issues of most concern to investment decision-makers at the largest pension funds, endowments, foundations, family offices, and registered investment advisory firms as well as senior corporate executives (CFOs and risk managers) of the largest global firms.
Christopher Ailman has been the chief investment officer of CalSTRS since October 2000. He leads an investment staff of more than 200 and oversees a portfolio valued at $318.1 billion as of February 28, 2022 . He has more than 37 years of institutional investment experience.
He has served on several boards and advisory boards in the U.S. and U.K. He represents institutional investors on the MSCI Index Editorial Advisory Board, the PRI Asset Owners Advisory Committee, the Sustainability Accounting Standards Board (SASB) Investor Advisory Group and the Toigo Foundation. He is the chair of the 300 Club and co-chair of the Milken Global Capital Markets Committee. In 2016, he was part of the first cohort to achieve a Fundamentals of Sustainable Accounting (FSA) credential.
Ailman is recognized as one of the top CIOs both in the U.S. and globally. He has received numerous awards and recognitions: the Institute for Fiduciary Education’s CIO of the Year in 2000, the Richard Stoddard Award for service in the investment of public pensions in 2003, the Distinguished Service Award for Advancement of Latinos in Business from the New American Alliance in 2006, and Institutional Investor magazine’s Large Public Fund Manager of the Year Award in 2011. In 2013, aiCIO magazine named Ailman the No. 3 CIO in the world and Investment Innovator of the Year. In 2017, Ailman received Institutional Investor magazine’s first Lifetime Achievement Award; and in 2018, he was named the top CIO in the world by Chief Investment Officer magazine. He is a regular guest on television and radio and is frequently quoted in major financial publications.
Ailman has a Bachelor of Arts in business economics from the University of California, Santa Barbara. He received his certified financial planner designation from the University of Southern California. He is married with three daughters and is a committed Promise Keeper.
Afsaneh Mashayekhi Beschloss is Founder and CEO of RockCreek. Previously, she was Managing Director and Partner at the Carlyle Group. She was Treasurer and Chief Investment Officer of the World Bank and worked at J.P. Morgan. Afsaneh has advised governments, central banks, and regulatory agencies on global public policy and financial policy as well as energy. She led the World Bank’s energy investments and policy work on areas including sustainable investing, renewable energy, power, and infrastructure to reduce carbon emissions and founded its Natural Gas Group as a transitional fuel.
Afsaneh is Chair of PBS Foundation and a trustee of the Institute for the Advanced Study. She serves on the boards of the World Resources Institute; the Council on Foreign Relations; the Rockefeller Foundation, where she chairs the finance committee; the Bretton Woods Committee, where she co-chairs the Future of Finance Working Group; Gavi Vaccine Alliance; Georgetown University; and the Center for Global Development.
She was recognized by Carnegie Corporation in their Great Immigrants, Great Americans 2020 list, received the Institutional Investor Lifetime Achievement Award and the Robert F. Kennedy Human Rights Ripple of Hope Award, and been listed among the “Most Powerful Women in Banking” by American Banker.
Afsaneh holds an MPhil (Honors) in Economics from the University of Oxford, where she taught international trade and economic development. She is the co-author of The Economics of Natural Gas and author of numerous journal articles on energy, finance, renewable energy, and impact investing.
James (“Jim”) Coulter is the Co-CEO and a Founding Partner of TPG and the Co-Managing Partner of The Rise Fund. TPG, founded in 1992, is a leading private investment firm managing in excess of $88 billion in assets. TPG is based in San Francisco and Fort Worth and has 15 offices in 9 countries around the world. TPG has been a lead equity investor in more than 175 companies.
Coulter is a 1982 Phi Beta Kappa, summa cum laude graduate of Dartmouth College. In 1986, Mr. Coulter received an MBA from the Stanford Graduate School of Business, where he was named an Arjay Miller Scholar. Mr. Coulter serves as a member on numerous corporate and charitable boards, including Creative Artists Agency, Philz Coffee, Rodan + Fields, and Cirque du Soleil. He has also served on the Board of Trustees of Dartmouth College and Stanford University.
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.