April 29, 2024

Registration

Welcome Remarks
Kevin Rosenbaum, Head of Global Capital Markets Research, Cambridge Associates

Imagining the Future

Kevin Rosenbaum, Head of Global Capital Markets Research, Cambridge Associates
Jigar Shah, Director, U.S. Department of Energy Loan Programs Office

Coffee Break

The Shifting Landscape Ahead
Celia Dallas, Chief Investment Strategist, Cambridge Associates
Bart Broadman, Founder, Astignes Capital Asia Pte Ltd
Torsten Slok, Partner, Chief Economist, Apollo Global Management

As our slow recovery continues, global GDP is expected to grow, but at a lower rate than previous years. Gain insights from a panel of investment strategists on long term, macroeconomic views such as inflation, monetary policy, geopolitical tensions, recession fears, AI, China, and other worldwide influences.

Thinking Outside the Consensus
Brian H. Hook, Vice Chairman, Cerberus Global Investments, LLC, Cerberus
Vineer Bhansali, Ph.D. , Founder and CIO, LongTail Alpha, LLC
Holly Kim, Partner, Glendon Capital Management
Cliff Asness, Managing and Founding Principal, AQR Capital Management

This quick-hitting session will feature multiple speakers who will each provide a thought-provoking, and perhaps controversial, investment view. Session speakers will each have roughly 10 minutes to convince the audience why this view merits their attention.

Welcome Reception

April 30, 2024

Breakfast

Overview of Today
David Druley, CFA, Chief Executive Officer, Cambridge Associates
Kevin Rosenbaum, Head of Global Capital Markets Research, Cambridge Associates

Building Asset Allocations for Tomorrow’s Returns
McCall Cravens, Chief Investment Officer, Heinz Family Office
Jonathon King, President and Chief Executive Officer, UNC Management Company
Kristen Tongberg, Managing Director, Cambridge Associates

The asset allocation is the main determinant of portfolio performance, but investment committees may have never faced greater uncertainty as to the optimal mix of assets for the next decade. In this session, leading chief investment officers will share their views on broad asset allocation, including how to be thoughtful about illiquidity and the relative merits of equity, fixed income, hedge fund, and real asset investments.

Data to Decisions
Adam Duncan, Head of Investment Science, Cambridge Associates
Sona Menon, Head of the North American Pension Practice, Cambridge Associates
Kevin Rosenbaum, Head of Global Capital Markets Research, Cambridge Associates

Automated analyses and data are fundamentally transforming the way investment managers are evaluated, monitored and assembled into a portfolio. Join our panel of experts as they discuss how the full lifecycle of managing allocations to fund managers has changed in recent years and their thoughts on where it is going in the future.

Liking Specialist Hedge Funds in the New Macro Environment
Mala Gaonkar, Founder and Chief Investment Officer, SurgoCap Partners
Alex Karnal, Co-Founder and Chief Investment Officer, Braidwell
Joe Marenda, Head of Hedge Fund Research and Digital Assets, Cambridge Associates

Hedge funds fell out of favor in recent years, but with a fundamentally different macro environment, specialist hedge funds may be poised to generate compelling returns that diversify traditional assets. In this session, our experts discuss the opportunity set, including how portfolios are being built today to better manage risk and why specialist hedge fund strategies may be more compelling than other hedge fund strategies.

Taking Advantage of Credit Markets
Lauren Basmadjian, Co-Head of Liquid Credit, The Carlyle Group
Joel Holsinger, Co-Head of Alternative Credit, Ares Management
Wade O’Brien, Managing Director, Cambridge Associates

Credit market opportunities are numerous and varied, despite elevated interest rates and the potential for an increase in defaults. In this session, a panel of credit experts share insights on where they see value today, how bank retrenchment has impacted private credit opportunities, and whether a new distressed cycle will emerge.

Exploring Next-Generation Real Assets
Anurag A. Agarwal, Managing Director, Head of Portfolio Management, Global Transportation Group, J.P. Morgan Asset Management
Anar Chudgar, Co-President, Artemis Real Estate Partners
Maria Surina, Managing Director, Cambridge Associates

Whether a hedge against inflation, an escape from market volatility, or a vehicle for long-term growth, real assets can play a strategic role in portfolios. Join this panel of experts as they discuss key investment themes, including the future of real estate, the potential in infrastructure, and the growth in niche opportunities.

Lunch

Liking Specialist Hedge Funds in the New Macro Environment
Mala Gaonkar, Founder and Chief Investment Officer, SurgoCap Partners
Alex Karnal, Co-Founder and Chief Investment Officer, Braidwell
Joe Marenda, Head of Hedge Fund Research and Digital Assets, Cambridge Associates

Hedge funds fell out of favor in recent years, but with a fundamentally different macro environment, specialist hedge funds may be poised to generate compelling returns that diversify traditional assets. In this session, our experts discuss the opportunity set, including how portfolios are being built today to better manage risk and why specialist hedge fund strategies may be more compelling than other hedge fund strategies.

Taking Advantage of Credit Markets
Lauren Basmadjian, Co-Head of Liquid Credit, The Carlyle Group
Joel Holsinger, Co-Head of Alternative Credit, Ares Management
Wade O’Brien, Managing Director, Cambridge Associates

Credit market opportunities are numerous and varied, despite elevated interest rates and the potential for an increase in defaults. In this session, a panel of credit experts share insights on where they see value today, how bank retrenchment has impacted private credit opportunities, and whether a new distressed cycle will emerge.

Exploring Next-Generation Real Assets
Anurag A. Agarwal, Managing Director, Head of Portfolio Management, Global Transportation Group, J.P. Morgan Asset Management
Alex Gilbert, Co-Chief Executive Officer, Artemis Real Estate Partners
Maria Surina, Managing Director, Cambridge Associates

Whether a hedge against inflation, an escape from market volatility, or a vehicle for long-term growth, real assets can play a strategic role in portfolios. Join this panel of experts as they discuss key investment themes, including the future of real estate, the potential in infrastructure, and the growth in niche opportunities.

Coffee Break

Navigating an Evolving Private Investment Environment
Andrea Auerbach, Head of Global Private Investments, Cambridge Associates

Changes in the macro environment have impacted the pace of fundraising and portfolio company valuations. In this session, Andrea shares her perspective on where these trends are going and how limited partners can best position themselves for success.

Orchestrating Success with Good Governance
Samantha Davidson, CFA, President and Head of Global Investing, Cambridge Associates
Alan Houghton, Chief Executive Officer, Goelet, LLC
Muthu Muthiah, Chief Investment Officer, Children’s Healthcare of Atlanta

Investment governance plays a critical role in defining objectives and formulating an effective strategy for a diversified portfolio.  Good governance incorporates different perspectives and informs decision-making, all with the intention of achieving superior long-term results. The session will incorporate peer experiences, challenges, and best practices to examine issues all investment leaders confront.

Wrap Up
Kevin Rosenbaum, Head of Global Capital Markets Research, Cambridge Associates