Date: Thursday, December 8, 2016
Time: 12:00 - 2:00 p.m.
Venue: Tokyo American Club, B2 Manhattan
Speaker: William (“Bill”) Kelly
CEO, Chartered Alternative Investment Analyst (CAIA) Association
Hosting Committee: Alternative Investment
Member Fee: ¥4,000
Guest Fee: ¥7,400
Meal: Plated Lunch
Registration/Cancellation Deadline: Monday, December 5, 5:00 p.m.
The Hedge Fund space is at an interesting crossroad. Industry AUM has hovered around $3 trillion dollars. The value proposition of providing uncorrelated return streams has been under attack at a time when investmentsin more traditional asset classes have never been so risky. What is the case for investing in alternative investments? Highlights of the presentation will address these issues:
- Post GFC, in a U.S. equity market that has compounded by 15% per annum, many investors have forgotten the volatility dampening features of hedge funds.
- Liquid products are not necessarily better investments.
- As the amount of money allocated to hedge funds has grown, correlations to traditional asset classes have increased, performance results are widely dispersed, and average returns have suffered.
- The media has a strong bias against alternatives due to the perception of high fees and other misunderstandings.
Frank Packard, Christopher P. Wells, Co-chairs
Andrew Conrad, Board Liaison
ACCJ Alternative Investment Subcommittee
NOTE 1: This event is ON THE RECORD.
NOTE 2: If you cancel after the stated deadline, the full meeting fee will be charged to your account. Sorry, no substitutions or walk-ins.
NOTE 3: If you are driving to Tokyo American Club, please inform the ACCJ in advance as arrangements must be made and a 1,100 yen parking fee will apply.