NIBA holds three membership meetings per year – Chicago in September is the largest of the three. NIBA Chicago is a full-day conference, presented at two iconic financial institutions — the Chicago Board of Trade building and the Chicago Mercantile Exchange building.
NIBA’s fall membership meeting in scheduled for September 22, 2014 in Chicago, IL.
This is full-day of education, and information focusing on compliance and marketing for IBs and CTAs. A networking reception is included.
Morning Sessions at the Chicago Board of Trade Building & Afternoon Sessions at the CME Group Building.
After hundreds of discussions with hedge fund managers, I am still surprised that there is a fear of revealing investment processes under the assumption that someone will steal their ideas and intellectual capital. There are few investment styles that are truly unique and special. What is special is still strategy execution – the practical process of delivering returns. Skill is with the decision-making execution of information and strategy.
All hedge funds are not created equal as the return box chart shows for the post Financial Crisis period. There is a significant amount of dispersion across hedge fund styles. Over the period 2009-2018, the difference between the best and worst hedge fund category is almost 7 percent after we account for global equities and bonds.
The attraction to private equity and other less liquid alternatives is clear from the Guide to Alternatives by JP Morgan Asset Management. The return profile is much higher for private equity and debt funds than more liquid alternatives and global bonds; however, the dispersion in returns is multiples higher than what can be expected from other public categories.
NIBA holds three membership meetings per year – Chicago in September is the largest of the three. NIBA Chicago is a full-day conference, presented at two iconic financial institutions — the Chicago Board of Trade building and the Chicago Mercantile Exchange building.