The War for Yield
With the challenging environment of “lower for longer” interest rates greatly impacting asset allocation and little expected upside remaining in most fixed income assets, where can investors turn for alternative sources of yield, stability and diversification? Niche alternative strategies uncorrelated to traditional equity or fixed income markets can help meet those investment objectives. With equity markets peaking, the time to address head-on is now. Please join us for an enlightening discussion on ways investors can achieve their investment objectives outside of traditional asset classes.
- How are non-correlated niche strategies able to generate relatively meaningful income in a weak fixed income investment environment?
- With equity markets at peak or near-peak levels, how can investors achieve non-correlated fixed income portfolio diversification in order to be defensive for when market volatility returns?
- A discussion of various strategies that are largely uncorrelated to broader markets, producing predictable, attractive yields regardless of equity or fixed income market performance.
- What are the main risks of these types of non-correlated alternative yield strategies?
- How does their liquidity differ from the more correlated traditional fixed income strategies?
- How does an investor effectively find these type of investments and effectively due diligence them?
- How has social distancing and the economic impact of Covid-19 affected these alternative fixed income investments?
Event Recording
War for Yield
Speakers
Joseph Abramson
- Title
- Chief Investment Officer @
- Company
- Northvest Capital
- Role
- Moderator
I am the Chief Investment Officer of Northvest Capital, one of Canada’s leading private equity firms. I have 25+ years experience combining top-down, quantitative and thematic macro analysis with bottom-up, catalyst-driven fundamental industry research. Consistently outperformed benchmarks while managing $30M at TD Trust, as a Research Analyst at a New York long/short hedge fund and in model portfolios at BCA Research. Referred to in prominent business publications such as the Financial Times and Barron’s.
Scott Romanek
- Title
- Managing Director, Sales & Marketing @
- Company
- AIR Asset Management
- Role
- Panelist
Scott joined AIRAM in January of 2018 and serves as Managing Director of Sale & Marketing. With over 20 years of experience in investments and financial services, Scott’s responsibilities include fundraising, implementation of strategic marketing initiatives, development of client relationships and providing investor relations support to AIR Asset Management’s investors. Prior to joining AIR Asset Management, Scott served as Vice President of Distribution & Fundraising for MJM 2 Capital, a firm specializing in the fundraising, distribution and investor relations of a macro hedge fund strategy. Previous to MJM 2 Capital, Scott was a wealth advisor with Morgan Stanley, focusing on bespoke construction of portfolios for HNW clients. Scott started his career as a derivatives trader, becoming a Member of the Chicago Board of Trade, with concentration on the US Treasury bond complex as well as SP 500 futures & options. Scott earned a Bachelor of Science in Business from Arizona State University W.P. Carey School of Business. He has previously held the Series 7 & 66 licenses.
Steven Groslin
- Title
- Partner, Senior Portfolio Manager @
- Company
- ASG CAPITAL
- Role
- Panelist
Steven Groslin Joined ASG Capital in January 2014. Prior to this, Steven spent over thirteen years trading Fixed Income for the Natixis Group in Paris. Before joining Natixis Steven worked for six years in Fixed Income lending in Paris and five years in Retail Banking in France and the UK.
Steven Groslin has a Bachelor Degree in European Accounting and Finance from Leeds Metropolitan University (UK) and LeHavre/Caen Business School (France).
Luiz Pacheco
- Title
- Portfolio Manager @
- Company
- Brainvest
- Role
- Panelist
10+ years of investment experience. Graduated in Civil Engineering from Universidade Federal do Paraná and has an MBA from Wayne State University. He is a CFA and CAIA charter holder and a CFP® professional.
Brett Hickey
- Title
- Chief Executive Officer @
- Company
- Star Mountain Capital
- Role
- Panelist
Brett Hickey has over 20 years of private investing and investment banking experience with over 15 years spent directly in the U.S. lower middle-market. He has completed over 125 private equity, private credit and secondary fund investments.
Mr. Hickey is the Founder & CEO of Star Mountain Capital, LLC, a multi-billion dollar specialized private investment firm, making loans, private equity investments and secondary fund purchases across its Collaborative Ecosystem® in the lower middle-market. Driven by culture and stakeholder alignment, Star Mountain has been recognized as one of the Best Places to Work by Crain’s and Pensions & Investments in both 2020 and 2019.
Previously worked as an Investment Banker at Citigroup Global Markets in New York City (formerly known as Salomon Smith Barney) where he completed over $24 billion in transactions for financial institutions.
Graduated with Distinction from McGill University in Montreal, Canada with a Bachelor of Commerce degree in Finance and Accounting. He is an alumnus of Harvard Business School’s Owner, President / Manager executive training and management program.
Board positions include Harvard Alumni Entrepreneurs, Help for Children and the YMCA of Greenwich. He is also the Founder & Chairman of the Star Mountain Charitable Foundation, a 501(c)(3) focused on job creation (including for veterans, women and athletes), economic development and health & wellness. Mr. Hickey is a member of YPO and is a former Canadian national gold medalist and North American medalist in speed skating.
About
ASG CAPITAL
ASG Capital is a Registered Investment Advisor in the State of Florida. Special focus is placed on Preferred Securities, Junior/Senior Subordinated Debt, Hybrid Securities, Contingent Convertible Bonds of Investment Grade Issuers. ASG’s Team Objective is to achieve Risk Adjusted Income Returns that are higher than Static Bond Portfolios.
Star Mountain Capital
Star Mountain is a specialized asset management firm focused exclusively on the U.S. lower middle-market by investing debt and equity directly into established operating companies, making strategic investments into fund managers and purchasing secondary fund positions. Star Mountain Capital, founded in 2010 by Brett Hickey, is a specialized asset management firm focused exclusively on the large and fragmented U.S. lower middle-market. Backed by some of the world’s most sophisticated institutional and high-net-worth investors, Star Mountain has developed a unique and proprietary platform to provide investors with highly diversified access to the attractive risk-reward opportunities available from established businesses that are not large enough to access the more efficient U.S. capital markets.
Northvest Capital
Northvest Capital is a private investment fund that specializes in mid-market PE deals, series A venture capital investment and opportunistic investment in distressed deals. Our objective is to identify platforms – management teams, businesses, and sectors – where we can invest to build leading enterprises. We gravitate toward growing companies that have demonstrated market traction and require a partner to help them achieve clear industry leadership.
AIR Asset Management
AIR Asset Management is a rapidly growing hedge fund management firm based in downtown Chicago. AIRAM is the US-strategic partner of Carlisle Management, a $2.3B global investment firm solely dedicated to the life settlement space since inception in 2008 with senior management having a combined 80 years of experience in the asset class. We focus on providing investors attractive returns that are non-correlated to traditional asset classes through open-end hedge fund and private equity style closed-end vehicles. AIRAM is a strong believer in socially responsible investment strategies, and we promote these efforts through our voluntary membership in the Principles for Responsible Investment.
Brainvest
Brainvest is an independent multi-family office with locations in Switzerland, Brazil and the US.