Speakers of Panels |
Coordinators of Panels |
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Andrianopoulos Andreas, Ph.DFormer Minister, Director of Institute of Diplomacy and Global Affairs |
 Born in 1946 in Piraeus Greece, in a family of politicians and founders of the most popular Greek football team (Olympiakos FC)
He was educated at Athens College, and in the Schools of Political Science in Athens, Kent (UK), Cambridge and Oxford. He studied also Economics and Issues of Peace Research at the University of Oslo. He holds also a Diploma on Leadership from the Kennedy School of Government, Harvard University.
He lectured at various Schools in the USA and England (Harvard, Stanford, Columbia, Wisconcin at Madison, George Washington, LSE) and he was a Visiting Scholar at St. Edmund’s College, Cambridge. In 1998-99 he was Public Policy Fellow at the Woodrow Wilson Center, Washington DC. He holds two honorary PH.D. degrees and he was Professor of Public Policy at the American College of Greece.
He has been elected 9 times member of the Greek Parliament and he has served as Minister of Culture, Trade, Industry, Energy, Technology and Mass Communications.
He has also been elected Mayor of the City of Piraeus. He has contributed articles to numerous Greek and international journals and newspapers and has written books on Islam, Economic and Political Liberalization and Energy Security. Since he resigned from Parliament he held his own TV talk show, worked professionally as a newspaper commentator and as a consultant on issues of Caspian energy and political risk analysis for countries of the former Soviet Union and South Asia. He recently lead a team of international consultants in advising the government of the Russian Federation, under the auspices of the EU, on free competition and the advocacy of liberal market reforms. He also returned as a South East European Project Scholar at the Woodrow Wilson Center in Washington working on the topic of Russian Energy Diplomacy.
He is now the Director of the Institute of Diplomacy and Global Affairs of the American College of Greece (Deree College) which is situated in the district of Plaka in Athens, Greece.
He is also the author of two historical novels on Medieval and Renaissance Europe.
He has two sons and he lives in Hydra and Athens. |
| Global Geopolitical Risks |
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Cole DanielSenior Vice President, Head of European Mutual Funds, Highbridge Capital Management (UK) Ltd |
 Mr Cole is a Senior Vice President and Head of European Mutual Funds at Highbridge Capital Management (UK) Ltd, a fully owned subsidiary of JPMorgan Asset Management. Prior to joining Highbridge in September 2010, Mr Cole served as a Vice President at Goldman Sachs Asset Management, where he ran the EMEA Client Portfolio Management group for the Quantitative Investment Strategies team. In this capacity, he serviced institutions, consultants, high net worth individuals, and third party distributors across the region for the QIS platform. Mr Cole earned a diploma in Management Science and Operational Research from Warwick Business School, and a bachelors degree in Math and Physics from Warwick University. |
| Myths and Legends of Quantitative Investing |
Is quant dead?
Why should I consider using it in my portfolio?
These questions will be answered, along with much more, in this discussion on the current state of the quantitative landscape. Some of the myths, and some of legends that surround this style of investing will be explored, with some surprising conclusions reached. |
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Goudinakos StratosChief Risk Officer, ATE Insurance |
 Stratos Goudinakos, a veteran floor trader, has been actively involved in Capital Markets and Finance, Banking/Investment Banking /Asset Management/Insurance for over 20 years.
Started out at London's LIFFE as an options market maker/Director of Investments, built and managed complex derivative portfolios (inter - intra volatility spread structures).
On his return to Greece joined NBG Group, Head Derivatives & Proprietary Trading; managed the desks of market making, arbitrage and sales, set up an international prop desk and was also responsible for hedging the bank's bond book. He, consecutively, moved to NBG's asset management, as Chief Investment Officer.
In succession, participated (partner) in the buyout of an investment company and its extensive restructuring; in addition, developed and started up Ulysses Global Macro Hedge Fund which invested mainly in high grade markets on currencies, bonds, stocks, indices and commodities. Member of Investment Committees in Capital Management; moreover, managing own assets, trading in international derivative markets.
For the last two years he served at ATE Bank’s Board, responsible for Funding and Liquidity. He also sits in a number of Boards for ATE Bank Romania (Audit Committee, President of Risk Mgnt Committee), ATE AEDAK, and ATE Insurance. Currently, he is the Chief Risk Officer of ATE Insurance (Solvency II).
Holds a Diploma in Chemical Engineering of Patras University in Greece, a DBA from Cardiff Business School University of Wales, and an MBA from CASS Business School of City University; also, holds certificates from TEE, SFA and the HCMC in Market Making & Asset Management. |
| Coordinator of the Round Table Discussion |
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Karadede MarkellaManaging Director of M&Spark |
 Markella Karadede had most of her early academic life and the build up of her professional career during the past 12 years in the UK, City of London. She specializes in creating strategic cross border investor relations and financial communication programs based on Equity Fundraising, M&As and IPOs.
She has previously worked with leading investment management firms and fund administrators in the US and Europe as well as with more niche, single strategy funds.
Prior to M&Spark, she spent the early part of her career undertaking Sales & Business Development as well as Research & e- Marketing with Nationwide Building Society. She then, gained significant exposure in the Hedge Fund industry of the Oil&Gas and Renewable Energy sector working as Investor Relations Manager for Sector Investment Managers Limited, a UK Energy & Resources focused investment management company. She then worked with deVere Group leading independent financial advisory consultancy in the Marketing department leading the company’s financial public relations.
Known for her multi-dimensional investment approach, she introduces innovative esoteric and alternative investment themes. Her unique and irreverent writing style has garnered a strong pan-European network of journalist contacts and a deep understanding of European media markets. Educated in UK, she holds BSc in Political Sciences from Brunel University, MA in Marketing Communications and IMC qualification administered by CFA, UK. She speaks French, Greek and English and is a member of the 100 Women in Hedge Funds, Philanthropy section. |
| Coordinator of the 2nd panel |
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Ladopoulos AthanasiosSenior Partner & Senior Portfolio Manager, Swiss Investment Managers GmbH |
 Athanasios Ladopoulos is the Senior Partner and Senior Portfolio Manager of Swiss Investment Managers (SIM) and Chairman of the Directors Dealings Fund (DD Fund). He is a Greek national with over eighteen (18) years of professional experience in fund management and equity research. He holds an MSc in Intelligent Management Systems - AI & Neuron Networks - from South Bank University, UK, and a BSc(Hons) in Information Systems Analysis & Design from the North College, Greece. He was more recently the Lead Portfolio Manager of several of ACMH and Xanthus Group's funds and initiated an MBO (Management Buy Out).
Before that he was the Lead Portfolio Manager of Kinetic Special Situations, a London-based event driven hedge funds. Prior to that, he was Head of Research at Claridge Capital hedge fund and a futures trader for First Continental Trading based in London. Mr. Athanasios T. Ladopoulos has also worked for Lazard Capital Markets, where he was Associate Director Responsible for Pan-European TMT equity research. Mr. Athanasios T. Ladopoulos spent the early part of his career at the Abu Dhabi Investment Authority (ADIA) where he shared responsibility for their asset allocation and investment activities in Europe. Mr. Athanasios T. Ladopoulos has a solid understanding of Portfolio, Risk, and Money management with a profitable track record. |
| Coordinator of the 1st panel |
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Lorot Pascal, Ph.DPresident, Institut Choiseul, France |
 Dr Pascal Lorot assumed the presidency of ‘Institut Choiseul’ since 2003. An independent think tank dedicated to international affairs, Paris based ‘Institut Choiseul’ is at the crossroads between business circles, governmental circles and the academic world..
Dr Pascal Lorot last position was a member of the Commission de régulation de l’énergie (CRE), the French regulatory board for energy where is has been appointed in 2003 by decision of (former) President of France Jacques Chirac. His mandate terminated last April 2010.
His previous positions were chief economist of TOTAL, the leading French oil and gas company (1995-2003), adviser to the French minister of economy and finance (1993-1995), adviser to the chairman of the London based European Bank for Reconstruction and Development (EBRD) (1990-1993). Before that, he served as research fellow in the French Institute of International Relations and was director of the Banque nationale de Paris’ office in Moscow (Russia).
Dr Pascal Lorot is the author of fifteen books focusing on international issues, strategy and economics, as well as of more than two hundreds articles on similar issues. He is the chief editor of two leading French academic journals: Géoéconomie and Sécurité globale. He is also a frequent commentator for international media and regularly broadcasts for television and radio.
Born in 1960, Pascal Lorot holds a PhD in economics (Science Po, Paris) and a PhD in political science (Université de Paris). He has been distinguished for its work and its career by the French Légion d’Honneur order.
He and his wife Victoria are leaving in Paris. They have five chidren. |
| Global Geopolitical Risks |
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Lunzer PeterLunzer Wine Investments Limited, UK |
 Peter Lunzer is the Chief Executive and Chief Investment Officer (CIO) of Lunzer Wine Investments, which he launched in November 2008 following six years as co-founder and CIO of the Wine Investment Fund.
Peter brings nearly 30 years of diverse experience to his new role, having spent the majority of his working life in the wine trade. Throughout the last 20 years, Peter has specialised in buying fine wines on behalf of investors, with his first formal five year track record achieved whilst acting as CIO for The Wine Investment Fund between 2003 and 2008. During this period Peter delivered returns of 108% net of all fees, establishing him as an exemplary stock picker, now one of the best known in the industry.
Credited with formulating the Price Step Theory™, a wine investment strategy for the Wine Investment Fund, Peter has since further evolved his strategic thinking and insight into the Wine Price Ratio™, which forms the basis of the investment policies of Lunzer Wine Investments. This investment philosophy revolves around Peter’s understanding of the rate at which wines change in price during the course of their lives, and utilising transparent pricing data to buy the right stock at the right time to maximise investment returns.
Peter combines an intellectual and deeply informed commercial approach to investing with a unique ability to communicate and share his views. This applies equally to the investment opportunities offered by investment grade Bordeaux and his personal passion for his chosen subject.
Lunzer Wine Investments offers financial institutions, private offices and high net worth individuals the opportunity to benefit from his investment vision through investing in one of its dedicated funds. |
| Wine is Usually Used to Celebrate Good Results Rather than Create them |
| Peter Lunzer has spent his working life in the wine business and has extensively advised on the subject of wine investment and the opportunities offered by wine as an asset class. Peter has an exemplary record as a stock picker and fund manager, and invented the concept of the Wine Price Ratio which identifies the potential for capital growth, through holding physical stocks of globally recognised, fine wines. Whilst stock picker for The Wine Investment Fund, their 5-year managed fund, liquidated in 2008, delivered investors’ returns of 108%, after fees, over the 5 year term. The average 5 year returns continued to outperform the markets and for the 5 subsequent, 5 year term portfolios, the cash returned to investors averaged 13.08% growth per year. Peter will explain the processes by which an investment in wine may be considered low risk and why, for the past few hundreds of years, wine prices have risen over time. |
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Morris DanExecutive Director, Market Strategist, J.P. Morgan Asset Management |
 Dan Morris, Executive Director, is a strategist responsible for delivering market analysis and insight to clients in Europe, the Middle East and Africa. Prior to joining J.P. Morgan Asset Management, Dan was the Senior Equity Strategist at Lombard Street Research and before that part of the Institutional Investor-ranked portfolio strategy team at Banc of America Securities in New York. Dan began his career covering Latin American equity markets at BT Alex. Brown and Dresdner Kleintwort Benson. He holds an MBA from the Wharton School and a Masters in International Relations from John Hopkins’ School of Advanced International Studies. His undergraduate degree is in Mathematics from Pomona College and he is a CFA charterholder. |
| The outlook for equity and fixed income markets in Europe and abroad |
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Peterson Greg, Ph.DBallentine Partners, LLC., USA |
 Greg Peterson is a Managing Director, a Senior Investment Advisor at the firm and is a member of the firm’s Management Committee. Greg is responsible for the firm’s macro-economic strategy, asset allocation, and quantitative research.
Prior to joining the firm in 2002, Greg worked at PanAgora Asset Management as a Research Manager. Before that, he was a Vice President at Independence Investment Associates, Inc. He began his investment career as a quantitative investment professional at Grantham, Mayo and Van Otterloo, LLP. Prior to entering the financial services industry, Greg was an Assistant Professor of Mathematics at East Carolina University after having been a Visiting Assistant Professor of Mathematics at Duke University.
Greg earned an MBA with a concentration in Financial Engineering from the Sloan School of Management at the Massachusetts Institute of Technology. Before that, he earned a Ph.D. in Mathematics from the University of North Carolina at Chapel Hill and a Bachelor’s degree with a double major in Mathematics and Philosophy from Kenyon College. He holds the Chartered Financial Analyst (CFA) designation.
Greg enjoys traveling, swimming, coaching soccer, and spending time with his family. He lives in Waban, MA with his wife, a research scientist who works in biotechnology, and their 3 children. Greg is fluent in Greek. |
| How to Select the Best Chief Investment Officer for your Family Office |
Characteristics of a CIO for a family office:
A family office CIO should have deep knowledge and experience investing across many asset classes and over many different investment periods.
His/her asset classes experience/knowledge should include:
1. Bonds
2. Equities
3. Public Real Estate
4. Commodities
5. Hedge Funds
6. Private Equity
7. Private Debt
8. Private Real Estate
9. Timber
10. Direct investments
He/she should also have:
1. An unending curiosity and passion for investing
2. A global vision and an awareness of shifting global economic trends
3. Experience combining the above asset classes into portfolios
4. Understanding that the family is exposed to risks beyond just volatility
5. Understand that asset location can add significant value beyond basic asset allocation
6. Experience managing portfolios to match cash flows and other liabilities not just for returns
7. Be able to communicate with a broad ranges of expertise and interest
8. Be able to facilitate the transfer of wealth to and the education of the next generation
9. Be able to work productively with the other professionals that are engaged by the family
10. Be very aware of tax consequences and the potential for tax advantaged investing strategies
In conclusion being a CIO for a family office is a very demanding role which has many more demands than the CIO role of a purely money management firm. |
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Roy StephanieIR & Business Development Manager, M&Spark |
 Stephanie Roy is responsible for the coordination and execution of international account management strategies. She primarily advises on business intelligence and revenue optimization. She steers business development mainly in Canada and US due to her excellent market familiarity. Stephanie Roy began her career in commercial banking, working as customer services advisor for the Bank of Montreal where she acquired excellent cross selling skills providing financial products.
She later joined the strategic pricing team of GE Capital Solutions operating as quantitative analyst honing her research skills. Highly driven by the aspiration to deepen her knowledge of the capital markets, she then joined TMX Equinom, Canada’s leading investor relations firm where she managed and built on strong buy and sell side relationships as well as developed and implemented various account investor relations programs.
Stephanie Roy holds a B.B.A from HEC Montreal in Finance and International Business. She served as leading teacher’s assistant and research associate in the HEC Montreal trading room. Stephanie Roy’s multicultural awareness is reflected in her ability to speak fluent French, German, Spanish and English in conjunction with the working knowledge of Italian and Greek. |
| Coordinator of the 2nd panel |
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Saillard Jean-ReneFine Art Fund Group, UK |
 After graduating from the University of Paris in Finance and Banking, Jean-René completed his military in San Francisco with the French Trade Commission. He then joined Christie's in London as a Graduate Trainee. During this time, Jean-René met Philip Hoffman, CEO of The Fine Art Fund Group. Throughout the eight years spent at Christie's, Jean-René worked in Paris, as General Manager, Los Angeles, as Managing Director where he launched the salesroom and then in Geneva as Business Development Director. More recently he joined Netjets, the Private Aviation Company which he has represented in Switzerland since 2003. Jean-René is also an Ambassador for the International Cooperation for the Swiss Red Cross. He has 3 children. |
| Investing in Art as an Alternative Asset |
Today, the art industry is estimated to be worth an impressive $50bn. Over the past decade, art funds and investment schemes have arisen to allow investors a means of generating wealth off the back this evolving, global industry. At The Fine Art Fund Group, changes in investment practices have been clear. Ten years ago, private and institutional investors were cautious about viewing art as an investable asset: this perception is firmly behind us. Most recent changes have shown that more and more Family Offices and private individuals with considerable family wealth are signing up to art investment products like privately managed art accounts.
The rise in arts increasing attraction as a financial asset may in part be due to Sotheby’s and Christie’s auction houses where transparent auction practices and very often ground-breaking realised prices for artworks captivate clients on a global scale. Amidst the doom and gloom so often reported on regional stock markets, a colourful Maurice de Vlaminck with an estimated potential profit of 10, 15 or even 20 million dollars is certainly appealing.
While the financial and art markets differ numerously, they share some parallels between aspects of their business structures and global dialogues. Created in 2000, the Mei Moses All Art Index tracks the prices on all art objects that are repeatedly on sale. With such formalised systems in place to highlight the potential financial gains of dealing in art, it is no wonder that family office managers are turning to this passion asset to generate income. Returning 16.6% on an annual basis in 2010, the Mei Moses was an impressive alternative to the S&P 500 which was up only 15%. |
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Treitel H. DavidManaging Director, Apollo Aviation Group, UK |
 Mr. Treitel is one of the world’s leading aviation experts. He is the Managing Director of Apollo Aviation Group, an investment and asset manager specializing in commercial aviation, with approximately USD 950 million of flight equipment assets under management. From January 2009 to March 2010, Mr. Treitel was Co-Chairman of the Energy, Climate and Transportation Practice of ICF International, Inc. (“ICF”), a large consulting firm and President of Simat, Helliesen & Eichner, Inc. (“SH&E”), a leading aviation consulting firm based in New York City that is a wholly owned subsidiary of ICF. From December 2007 to January 2009 Mr. Treitel was President of SH&E. Mr. Treitel was with SH&E from 1977 until March 2010, and prior to taking up his last position at SH&E in 2007, he served as the firm’s President from 1993 to September 1998, its Executive Vice President from 1989 until 1993 and its Chairman and Chief Executive from 1996 until December 2007 when SH&E was acquired by ICF. Mr. Treitel is the equity trustee and one of the controlling trustees of Lease Investment Flight Trust, and he is a controlling trustee of, Castle 2003-1 Trust, Castle 2003-2 Trust and Aircraft Finance Trust, each an aircraft securitization vehicle. He was formerly a member of the Board of Directors of TransDigm, Inc and Midwest Express Holdings, Inc, the parent company of Midwest Express Airlines. Mr. Treitel is a former Governor of the Wings Club and is a Trustee of the ISTAT Foundation. He holds a MBA from Columbia University and a BA from Middlebury College. |
| The Aviation Fund |
| Mr. Treitel will speak about the aircraft industry and the investment programs that Apollo Aviation manages. These involve the acquisition of mature large transport commercial aircraft; their disassembly; and, the liquidation of these aircraft by selling the parts. Mr. Treitel will highlight how Apollo Aviation capitalizes on the recent changes in the aircraft manufacturing industry to manage an exciting investment program that does not exhibit much correlation to the market averages. |
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