In this new world of more normalized returns and emerging, shifting risks, what will give investors the edge to outperform and deliver alpha? The 13th annual CNBC Delivering Alpha Investor summit will convene elite investors, thinkers and leaders across the spectrum of asset classes – equities, commodities, real estate, credit, alternatives and beyond – to provide insights and ideas, analysis and intelligence, all designed to balance risk with maximized returns.
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Bill Ackman is the CEO of Pershing Square Capital Management, L.P., an SEC-registered investment adviser founded in 2003. Mr. Ackman is Chairman of The Howard Hughes Corporation (NYSE:HHC) and a member of the board of Universal Music Group N.V. (NA:UMG).
He serves as a member of the Investor Advisory Committee on Financial Markets for the Federal Reserve Bank of New York, and a member of the Board of Dean’s Advisors of the Harvard Business School.
Mr. Ackman is co-trustee of the Pershing Square Foundation, a family foundation, that supports exceptional leaders and innovative organizations tackling important social issues and delivering scalable and sustainable impact across the globe.
Mark is Chief Investment Officer and Deputy Chief Executive of AustralianSuper, acting as an advisor to the board and responsible for the strategic direction and performance of the Fund’s investment program. Mark started in the role of Deputy Chief Executive and Chief Investment Officer of AustralianSuper on 1 July 2006, the date Australian Super commenced operation. Prior to this, Mark was Chief Executive of the Superannuation Trust of Australia (STA) for three years before the merger with ARF to form AustralianSuper. Before AustralianSuper, Mark worked for 14 years at National Mutual/AXA, first as an Economist and later as Senior Manager of Investment Services. He previously spent four years working as an Economist in the Federal Department of Treasury. Mark is currently a Director on the IFM Investor Advisory Board. He has a Bachelor of Economics (Hons) and holds the Chartered Financial Analyst (CFA) designation.
Tina Byles Williams is Chief Executive Officer, Chief Investment Officer and Founder of Xponance®, a $14 billion multiple strategy investment company which is one of the largest diverse and woman-owned investment firms in the United States. She founded FIS Group, the predecessor firm to Xponance®, 25 years ago and has over 36 years of investment experience. Tina is the Chief Investment Officer and Lead Portfolio Manager for the firm’s active global equity strategies and a member of the Investment Committee for the firm’s Private Market Strategies. As Chief Investment Officer, she chairs the firm’s Investment Committee and oversees the firm’s fixed income and equity platforms. As lead portfolio manager for the firm’s active global equity multi-manager strategies, she oversees all investment strategy, manager search and disposition decisions. Tina is widely regarded as a trailblazer in the field of identifying and investing with talented entrepreneurial investment management firms, many of which are diverse and women-owned.
Tina served as Chief Investment Officer to the City of Philadelphia’s $2.5 billion Board of Pensions and Retirement. Prior to her work with the Board of Pensions and Retirement, Tina was the Investment Officer for the $300 million Philadelphia Gas Works Pension Fund.
Tina is a member of the Advisory Board for the Strategic Capital Group of Investcorp, a $38 billion global alternatives investment firm. She is a member of the Eisenhower Fellowships Board and serves on both its Executive Committee and its Investment Committee. Tina is a former board member of the Vantage Trust Company, a provider of 401 defined contribution and 457 deferred compensation retirement plans. She is also a former board member and Chairman of the Investment Committee for VTC’s parent company, Mission Square Retirement Corporation (formerly ICMA Retirement Corporation), a provider of retirement services with over $50 billion under management and administration. Tina is also a leader in her community and sits on the Center City District Board and previously sat on the Pennsylvania Intergovernmental Cooperation Authority, which oversees the City of Philadelphia’s financial plans. Between 2011 and 2015, she served as a board member and chaired the Research Committee of the National Women’s Business Council, a federal advisory council created to serve as an independent source of advice and counsel to the President, Congress and the U.S. Small Business Administration on economic issues of importance to women business owners.
Tina is the chairman and driving force behind Xponance’s philanthropic entity, A Good Measure Foundation, which provides financial literacy education to inner city youth and supports programs designed to empower impoverished or marginalized women or children in the United States and internationally.
Tina is a recipient of several industry awards and has been quoted and featured in several national and global finance publications such as the Wall Street Journal, Reuters, Institutional Investor, Bloomberg, Market Watch, Value Walk and Pensions and Investments. She has also appeared on various business programs, such as Bloomberg GO and CNBC’s Squawk Box.
Tina completed her undergraduate work at New York University where she graduated Magna Cum Laude and earned her Master’s degree in Public Policy with an emphasis in Finance from Harvard University.
Ms. Koch is President and Chief Executive Officer of TCW and serves as a member of the Board of Directors. In this role, she is responsible for the strategic direction and overall day-to-day management of the Firm. Prior to joining TCW in 2023, Ms. Koch spent 20 years with Goldman Sachs in the Asset Management Division (AMD), where she was a Partner and most recently served as Chief Investment Officer of the $300 billion Public Equity business and as a member of the AMD executive committee. Previously, she was based in London for 10 years where she held several leadership roles including Head of the Multi-Asset Solutions business internationally.
Ms. Koch currently serves as a board member for The Investment Fund for Foundations (TIFF), The Investment Company Institute (ICI), the Toigo Foundation and The Spence School. She also serves as a Co-Chair of the University of Notre Dame Wall Street Leadership Committee and the advisory board of the Notre Dame Institute for Global Investing (NDIGI). Ms. Koch was named a Young Global Leader with the World Economic Forum.
Ms. Koch earned her Bachelor of Arts degree in Economics and Literature at the University of Notre Dame.
KC Sullivan, CNBC President
Overbought? Recession looming? What’s the near-term outlook for the markets and what does it mean for achieving alpha? This panel will kick off the day with a deep dive on the cross currents, opportunities and critical investment trends with these financial titans.
Dawn Fitzpatrick, Soros Fund Management CEO & Chief Investment Officer
Katie Koch, TCW President & CEO
Moderator: Leslie Picker, CNBC Senior Finance and Banking Reporter
In the past five years, private credit assets have doubled to over $1.3T. Despite a persistently adverse rate environment, enthusiasm among big institutional investors hasn’t dampened. We’ll ask three prominent players about how they’re navigating the rate environment and positioning for growth in 2024.
Michael Arougheti, Ares Management Corporation Co-Founder, CEO & President
Damien Dwin, Lafayette Square Founder & CEO
Armen Panossian, Oaktree Head of Performing Credit & Portfolio Manager (Incoming co-CEO 2024)
Moderator: Michael Santoli, CNBC Senior Markets Commentator
What does it take to build a winning portfolio? How do you remain resilient in the face of impending economic turbulence? Leading investors will share strategic asset allocation tips, as well as the role of credit, leverage and risk parity. Plus, we get their expert takes on diversification, divestment, inflation and how to best mitigate volatility if the U.S. tips into a recession.
Jase Auby, Teacher Retirement System of Texas Chief Investment Officer
Edwin Cass, CPP Investments Chief investment Officer
Tina Byles Williams, Xponance Founder, CEO, & Chief Investment Officer
Moderator: Melissa Lee, CNBC “Fast Money” Host
How are some of the world’s largest investors optimizing outcomes these days? Through a combination of increased cross-border exposure, diversification beyond traditional asset classes and a careful recalibration of exposure into new public and private markets. We’ll have key insights and allocation strategies across some of the world’s most important capital markets.
Mark Delaney, AustralianSuper Chief Investment Officer & Deputy Chief Executive
Suni Harford, UBS Asset Management President
Moderator: Sara Eisen, CNBC “Squawk on the Street” Co-Anchor
If you only ever read the real estate market headlines in 2023, you’d believe commercial real estate was utterly doomed. However, the story is much more nuanced as certain sectors of the market are flourishing and delivering returns to investors: data centers powered by the surge of AI tech, high-end multi-use buildings, resort and gaming centers to name a few.
We’ll talk about where the best plays are right now, and why diversification is key.
Kathleen McCarthy, Blackstone Global Co-Head of Real Estate
Interviewer: Morgan Brennan, CNBC “Closing Bell: Overtime” Co-Anchor
The tech sector is always a wild ride for investors. It pays to know the space, know the players and know what to look for when sifting through noise.
Tech investor Brad Gerstner joins us to share his thoughts on investing in the sector right now—today’s top plays, tomorrow’s potential winners, companies to keep a close eye on—and where he places this current moment in the timeline of investing history.
Brad Gerstner, Altimeter Founder & CEO
Interviewer: Scott Wapner, CNBC “Fast Money Halftime Report” and “Closing Bell” Host
Can the Fed cut as quickly as the market is discounting? What happens if it can’t? Is a new target rate for inflation coming? Straight off the latest Federal Reserve meeting, two top Fed watchers will share their perspective on what’s ahead for rates and how investors should best position themselves today for future moves.
Rebecca Patterson, Council for Economic Education Board Chair
Rick Rieder, BlackRock Senior Managing Director, Chief Investment Officer of Global Fixed Income
Moderator: Steve Liesman, CNBC Senior Economics Reporter
Governmental impact on global finance is often discussed but not always well understood. Decision making at all levels of government has the potential to disrupt markets, and the butterfly effect from these decisions can have unforeseen consequences. We’ll talk to two of the top names on Wall Street about the state of global finance, geopolitics, elections, and what it all means for investors.
Dina Powell McCormick, BDT & MSD Partners Vice Chairman & President of Global Client Services
Raymond McGuire, Lazard President
Moderator: Brian Sullivan, CNBC “Last Call” Anchor & Senior National Correspondent
With over hundreds of billions in capital, SoftBank is among the world’s most active VC investors. A rare interview with Lydia Jett on the tech landscape, growth equity and scaling early-stage
e-commerce platforms into profitable businesses. Plus, her approach to capital deployment in an uncertain market environment, reimagining opportunities in under-penetrated platforms and alternative emerging economies.
Lydia Jett, SoftBank Investment Advisers Managing Partner
Interviewer: Leslie Picker, CNBC Senior Finance and Banking Reporter
As alternative assets become a more integral part of the investing landscape, two leading managers in this space explore the latest trends across the wide-ranging alt ecosystem: private debt, secondaries, hedge strategies, digital assets and PE-backed minority businesses. While non-traditional assets vary broadly in structure and accessibility, stepping outside traditional markets often yields core portfolio diversification and outsize returns.
Les Brun, Ariel Alternatives Chairman & CEO
Jenny Johnson, Franklin Templeton President & CEO
Moderator: Frank Holland, CNBC “Worldwide Exchange” Anchor, Transports & Tech Correspondent
Bill Ackman is known for his bold moves and investment ideas. In this wide-ranging interview, we’ll find out where he’s putting money to work now and get his thoughts on the economy, the markets, possible recession and what he thinks the 2024 election means for the future of finance.
Bill Ackman, Pershing Square Capital Management CEO
Interviewer: Scott Wapner, CNBC “Fast Money Halftime Report” and “Closing Bell” Host
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Investing smarter for the world you want
At Columbia Threadneedle Investments, we invest to make a difference in your world, and the wider world. Millions of people rely on us to manage their money and invest for their future; together they entrust us with $598/€572/£492 billion. Whatever world you want, our purpose is to help you achieve it. We do this by being globally connected, intense about research, having a responsible ethos and a focus on continuous improvement.
To learn more, visit columbiathreadneedleus.com/institutional/.
Interactive Brokers Group affiliates provide clients from over 200 countries and territories the ability to invest globally in stocks, options, futures, currencies, bonds, funds and more from a single unified platform. Clients can trade around the clock on over 150 markets and fund and trade accounts in up to 27 currencies. Interactive Brokers services financial advisors, individual investors, hedge funds, proprietary trading groups, and introducing brokers.
The company’s four decades of focus on technology and automation enables it to equip clients with a uniquely sophisticated platform to manage their investment portfolios. Interactive Brokers strives to provide clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments.
For the sixth consecutive year, BARRON’S ranked Interactive Brokers #1 with 5 out of 5 stars in its June 12, 2023, Best Online Brokers Review.
Visit us at ibkr.com/ria.
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.
For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of index and active strategies to create cost-effective solutions. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with US $3.48 trillion† under our care.
*Pensions & Investments Research Center, as of 12/31/21.
†This figure is presented as of December 31, 2022 and includes approximately $58.60 billion USD of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated. Please note all AUM is unaudited.
U.S. Bancorp, with approximately 77,000 employees and $682 billion in assets as of March. 31, 2023, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate and Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2023 World’s Most Ethical Companies® and one of 2023 Fortune World’s Most Admired Companies™ and No. 1 Superregional Bank.
For more information, visit U.S. Bank.
iConnections is a community that connects the investment management industry year-round. The iConnections platform is a software that seamlessly connects managers and allocators for virtual meetings, giving managers the ability to subscribe and share information with allocators who can efficiently select and meet managers all on one platform.
Uniquely, purpose and philanthropy are embedded in the way iConnections works, with charitable initiatives and fundraising as a central pillar of the ecosystem. The scalable technology powering iConnections can be used for bespoke events by managers, allocators and service providers. In an environment where physical events and meetings are no longer the norm, iConnections reimagines how the investment industry connects.
Visit iConnections.io to learn more.
CEE’s mission is to equip K-12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities.
For more information, visit www.councilforeconed.org.
Tina Byles Williams is Chief Executive Officer, Chief Investment Officer and Founder of Xponance®, a $14 billion multiple strategy investment company which is one of the largest diverse and woman-owned investment firms in the United States. She founded FIS Group, the predecessor firm to Xponance®, 25 years ago and has over 36 years of investment experience. Tina is the Chief Investment Officer and Lead Portfolio Manager for the firm’s active global equity strategies and a member of the Investment Committee for the firm’s Private Market Strategies. As Chief Investment Officer, she chairs the firm’s Investment Committee and oversees the firm’s fixed income and equity platforms. As lead portfolio manager for the firm’s active global equity multi-manager strategies, she oversees all investment strategy, manager search and disposition decisions. Tina is widely regarded as a trailblazer in the field of identifying and investing with talented entrepreneurial investment management firms, many of which are diverse and women-owned.
Tina served as Chief Investment Officer to the City of Philadelphia’s $2.5 billion Board of Pensions and Retirement. Prior to her work with the Board of Pensions and Retirement, Tina was the Investment Officer for the $300 million Philadelphia Gas Works Pension Fund.
Tina is a member of the Advisory Board for the Strategic Capital Group of Investcorp, a $38 billion global alternatives investment firm. She is a member of the Eisenhower Fellowships Board and serves on both its Executive Committee and its Investment Committee. Tina is a former board member of the Vantage Trust Company, a provider of 401 defined contribution and 457 deferred compensation retirement plans. She is also a former board member and Chairman of the Investment Committee for VTC’s parent company, Mission Square Retirement Corporation (formerly ICMA Retirement Corporation), a provider of retirement services with over $50 billion under management and administration. Tina is also a leader in her community and sits on the Center City District Board and previously sat on the Pennsylvania Intergovernmental Cooperation Authority, which oversees the City of Philadelphia’s financial plans. Between 2011 and 2015, she served as a board member and chaired the Research Committee of the National Women’s Business Council, a federal advisory council created to serve as an independent source of advice and counsel to the President, Congress and the U.S. Small Business Administration on economic issues of importance to women business owners.
Tina is the chairman and driving force behind Xponance’s philanthropic entity, A Good Measure Foundation, which provides financial literacy education to inner city youth and supports programs designed to empower impoverished or marginalized women or children in the United States and internationally.
Tina is a recipient of several industry awards and has been quoted and featured in several national and global finance publications such as the Wall Street Journal, Reuters, Institutional Investor, Bloomberg, Market Watch, Value Walk and Pensions and Investments. She has also appeared on various business programs, such as Bloomberg GO and CNBC’s Squawk Box.
Tina completed her undergraduate work at New York University where she graduated Magna Cum Laude and earned her Master’s degree in Public Policy with an emphasis in Finance from Harvard 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.
Ms.Fitzpatrick is the Chief Executive Officer and Chief Investment Officer of Soros Fund Management LLC, in this capacity she heads the firm with oversight for both investment and non-investment personnel. Prior to joining Soros in 2017, Dawn spent 25 years at UBS and its predecessor organizations, where most recently she was Head of Investments for UBS Asset Management. In that role, she had global responsibility for overseeing active and passive strategies across asset classes, comprising over $500 billion of client capital. Prior to that she was CEO and CIO of the O’Connor hedge fund business. Dawn began her career as a clerk on the American Stock Exchange and then a trader on the Chicago Board of Options exchanges. During her tenure, she served as head of various direct investment teams specializing in equities, convertible corporate bond arbitrage, and merger arbitrage, as well as derivatives across asset classes. At UBS, Ms. Fitzpatrick was a Group Managing Director, and served as a member of the UBS Asset Management Executive Committee.
Ms. Fitzpatrick currently serves on the Open Society Foundations' Economic Justice Program Advisory Board, the Federal Reserve Bank of New York's Investor Advisory Committee on Financial Markets, the Advisory Council of The Bretton Woods Committee, and as a non-executive Director on the Barclays Board. Ms. Fitzpatrick received her Bachelor of Science in Economics from the University of Pennsylvania’s Wharton School of Business.
Suni Harford was appointed President Asset Management in 2019 and is the Chair of UBS Optimus Foundation. Ms. Harford has been the UBS GEB lead for Sustainability and Impact since May 2021. She started her Wall Street career at Merrill Lynch & Co., in investment banking, before embarking on a 24-year career at Citigroup Inc., the last nine years of which she was the Regional Head of Markets for North America. Ms. Harford then joined UBS, bringing with her a broad experience from across the industry, including in research, client coverage and risk management, and successfully led UBS Asset Management’s integrated investments capabilities, driving performance for its clients.