The hedge fund space is losing ground...or so it seems.
Join us for a special discussion with Wharton Finance Professor and Founder of The Wharton School's Alternative Investments Initiative, Mr. Bilge Yilmaz on November 15 at Bourbon Steak, Turnberry Isle in Aventura.
Big players such as Carlyle Group are lowering their hedge fund investments from $15 billion to just $1 billion by the end of the year. Rhode Island and MetLife investors are also asking for their money back, leading to well over $50 billion exiting the industry. In the third quarter of this year, redemptions of close to $30 billion were the largest in the industry since the first quarter of 2009.
What does this capital outflow mean for the future of hedge funds and other alternative investments? Many say that transformation of structure or delivering returns may be the answer, more likely a combination of both. This new challenge will be on the shoulders of hedge fund companies and active managers to determine how to adapt to survive.
Let’s listen in on Professor Bilge Yilmaz’s over 20 years experience teaching and connecting to the private equity and hedge fund industry as it gears up for ultimate survival.
We have reserved a private room at Bourbon Steak in Turnberry Isle. Your ticket includes dinner and drinks ($150 value!). Special thanks to Matthew Storm, CV Advisors, for hosting this event.
6:30-7:30 - Cocktail Reception
7:30- 9:00 - Dinner & Presentation
Matthew J. Storm is a Founding Partner of CV Advisors, an SEC registered investment adviser based in Aventura, FL. that
serves the investment needs of single family offices and institutional clients in the United States and abroad. Mr. Storm sits on the Firm’s Investment Committee and also serves as CV Advisor's Chief Operating Officer. Mr. Storm started his career as a commodities trader and subsequently worked for the Monitor Group, an international strategy consulting firm, and then for a fund of hedge funds where he served as the Managing Director of Investment and Research. In addition to his work at CV, Mr. Storm serves as a member of the Director's Council for the Museum of the University of Pennsylvania as well as the Advisory Board for the PENN Cultural Heritage Center. Mr. Storm received his M.B.A. from the Wharton School and his undergraduate degree in International Relations from the University of Pennsylvania.
Attention All Wharton Alumni:
If you’re not already a member… Join the Wharton Club of South Florida before you register for this event. Membership is just $75 (free for recent grads).
A wise investment since, joining gets you:
- Access to “Members Only” events such as the Holiday Party.
- Free access to many events that non-members must pay for.
- Discounts for you and a guest to most other events.
So don’t pay more for this event!
Click HERE to join or renew your membership before you register.