Investing in Liquid Alternatives

Identifying investment opportunities across a growing spectrum of strategies

April 28, 2015 | Convene Conference Center, New York City

This conference has been accepted by the CFP Board for 9 CE credits.
IMCA has accepted this conference for 9 hours of CE credit towards the CIMA®, CIMC® and CPWA® certifications

Our Sponsors


First Trust Portfolios L.P. is a privately-held company which was established in 1991. First Trust invests across a range of asset classes, offering them through investment vehicles including unit investment trusts, exchange-traded funds, closed-end funds, mutual funds, variable annuities, and separate managed accounts. Many of these portfolios are selected using their proprietary fundamental and quantitative research as well as outside teams from leaders within the industry. First Trust is committed to helping financial professionals better serve investors with superior products, services and results. First Trust currently has assets under management or supervision of over $101 billion as of 8/29/14.

Perella Weinberg Partners is a leading independent, client-focused financial services firm providing advisory and asset management services to a broad, global client base, including corporations, institutions and governments. The Advisory business advises clients on mergers, acquisitions, defense advisory, financial restructuring, private capital raising, and pension matters. The Asset Management business includes a suite of hedge fund strategies, private investment funds (including real estate) and outsourced CIO solutions. Together with its affiliates, the Asset Management business has capital commitments and managed assets of approximately $10.9 billion. Founded in 2006 and with more than 400 employees, Perella Weinberg Partners maintains offices in New York, London, Abu Dhabi, Denver, Dubai, and San Francisco.


Lake Partners, Inc., founded in 1989, is a registered investment adviser that specializes in overseeing multi-manager investment programs for institutional and private investors, using primarily alternative investments. The firm is recognized for its expertise in hedge funds as well as alternative strategies in mutual funds. The firm launched its LASSOâ Long and Short Strategic Opportunitiesâ portfolio of alternative mutual funds over 15 years ago, and has served as sub-adviser for the Aston/Lake Partners LASSO Alternatives Fund (ALSOX) for over 5 years. The founders and principals of the firm, Rick and Ron Lake, each have over 30 years of experience in alternative and traditional investments. Based in Stamford, CT, Lake Partners consults on approximately $4.7 billion of assets and has approximately $655 million of assets under management (as of September 30, 2014).


ALPS Portfolio Solutions is an asset manager based in Denver, CO with $16 billion in assets under management. We offer innovative portfolio solutions that help Financial Advisors and Institutional Investors build better portfolios. We specialize in satellite and alternative asset classes focusing on Private Equity, MLPs, Commodities, Alternative Income, Global Real Estate, Sectors and Emerging Markets. Our exposure to these asset classes are achieved primarily through ETFs and open-end funds so that we can provide access that is registered, liquid and fully transparent.

We strive to deliver portfolio solutions that allow investors to diversify their core holdings, obtain exposure to attractive investment themes and ultimately build better portfolios.

Avenue Capital Group was founded in 1995 by Marc Lasry and Sonia Gardner. Pioneers in the distressed debt market, Mr. Lasry and Ms. Gardner have successfully invested in the public and private debt and equity securities of distressed companies across a variety of industries for over two decades.

Prior to founding Avenue, Mr. Lasry and Ms. Gardner founded Amroc Investments, LLC in 1989 as a $100 million distressed debt investment partnership organized by Mr. Lasry and Ms. Gardner in association with the Robert M. Bass Group, Inc.

Headquartered in New York, with offices in London, Luxembourg, Madrid, Milan, Munich and four offices throughout Asia, the firm manages assets estimated to be approximately $13.0 billion as of March 31, 2015. Avenue draws on the skills and experience of approximately 200 employees and its Senior Principals, Marc Lasry and Sonia Gardner, who have spent virtually their entire careers in the field of distressed investments.

Driehaus Capital Management is a privately-held investment management firm based in Chicago, Illinois. Founded in 1982, the firm manages global, emerging markets, U.S. growth equity and alternative investment strategies. The firm has a diverse institutional client base comprised of corporate and public pensions, endowments, foundations, sub-advisory, family offices, wealth managers and financial advisors, globally. Driehaus is a performance-oriented investment management boutique that emphasizes integrity, transparency, and the alignment of the firm’s interests with its clients.

Gotham Asset Management is a value-focused equity investment firm managing over $9 billion in assets. The firm is managed by hedge fund managers Joel Greenblatt and Robert Goldstein who have over 50 years of combined investment experience. Gotham offers long/short equity mutual funds, which share the same investment philosophy, process and research used by Gotham Asset Management’s private hedge funds. The Gotham Funds are not a diluted version of our institutional offerings.

Gotham Absolute Return (GARIX)
50%-60% Net Long*
(e.g., 120% long – 60% short)

Gotham Enhanced Return (GENIX)
100% Net Long*
(e.g., 170% long – 70% short)

Gotham Neutral (GONIX)
Market Neutral*

*The net long exposures are estimated and are the targeted exposures during most market environments. Please see the prospectus for more information.

John Hancock Investments provides asset management services to individuals and institutions through a unique manager-of-managers approach, a distinct advantage especially in the world of alternative investments. We operate as an independent and well-resourced investment advisor. We first offered investors exposure to alternative investments in 1997, and today we oversee over $15 billion in alternatives across a range of strategies and specializations.* As a manager of managers, we search the world to find proven portfolio teams with specialized expertise for every fund we offer, then apply vigorous investment oversight to ensure they continue to meet our uncompromising standards. Our approach to asset management has led to a diverse set of investments deeply rooted in investor needs, along with strong risk-adjusted returns across traditional and alternative asset classes alike.

*As of 9/30/14. Includes John Hancock open-end funds, closed-end funds, 529 college savings plans, investment-only portfolios, and retirement plans for individual and institutional investors.

Hatteras Funds provides unique alternative investment solutions for Financial Advisors and their Clients. We believe that all investors should have access to the same sophisticated investment approach and superior portfolio management talent as the largest institutions. A boutique alternative investment specialist founded in 2003, Hatteras Funds offers a suite of innovative products designed to help allocate to alternative investments.

ARC Income Funds offer best-in-class investment funds employing experienced, active management to help meet the needs of investors. ARC Income Funds are advised by National Fund Advisors, an affiliate of AR Capital, a full service investment firm that provides alternative solutions in a public format.

Invesco is one of the largest global independent investment managers, and it is dedicated to helping investors achieve their financial objectives. It has more than 750 investment professionals worldwide who search the globe for the best investment ideas, and an operational network spanning 20 countries. Invesco’s sole focus is investment management, and it offers an “investors first” approach built on its commitment to investment excellence, depth of investment capabilities and organizational strength.

Invesco offers a wide range of single-country, regional and global capabilities across major equity, fixed income and alternative asset classes. Invesco delivers its strategies through a diverse set of investment vehicles for retail and institutional investors, including mutual funds, PowerShares exchange-traded funds, unit trusts, separately managed accounts, collective trusts funds and much more. Invesco’s wide range of choices allows you to create a portfolio that’s purpose-built for your needs.

Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s Retail Products and Collective Trust Funds. Separately Managed Accounts are offered by Invesco Advisers, Inc. which provides investment advisory services and does not sell securities.
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares, Invesco Distributors, Inc. and Invesco Advisers, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.

LJM is a liquid alternative investment firm that specializes in volatility strategies. For over sixteen years, our investment management team has utilized risk management tools and cost effective hedging techniques to create products that complement traditional equity portfolios. While we maintain that our strategies can profit in periods of varying volatility and market positioning, we primarily aim to profit in relatively flat or eroding markets. Our objective is to diversify traditional equity portfolios, while also targeting low correlation to hedge fund and managed futures indices. Our investment management team recognizes that every investor is different and works diligently to create risk/reward profiles that appeal to these varying levels of desired risk. LJM is registered as a Commodity Trading Advisor and Commodity Pool Operator with the CFTC, and is a NFA member firm.

For nearly four decades, State Street Global Advisors has been committed to helping our clients, and the millions who rely on them, achieve financial security. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivaled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

* Assets under management were $2.45 trillion as of December 31, 2014. This AUM total includes the assets of the SPDR Gold Trust (approx. $27.3 billion as of December 31, 2014), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent. Please note that AUM totals are unaudited.

Voya Investment Management (Voya IM) is a leading active asset management firm. As of December 31, 2014, Voya IM manages approximately $213 billion* for affiliated and external institutions as well as individual investors. Drawing on over 40 years of experience and an ongoing commitment to reliable investing, Voya IM has the resources and expertise to help long-term investors achieve strong investment results.

Westchester Capital Management (WCM) is a registered investment adviser specializing in liquid alternative investment strategies. We manage a variety of investment portfolios using a combination of strategies to invest in publicly announced event opportunities such as mergers, acquisitions, takeovers, spin-offs and other corporate reorganizations, with the goal of profiting from the timely completion of these transactions.

Our investment management process is designed to deliver consistent results with low correlation to broader market returns, thereby lowering overall portfolio risk and potentially enhancing returns for a diversified portfolio. With a history spanning more than three decades through an extraordinary range of market conditions, we continue to be one of the leading managers of event-driven investing.

William Blair Investment Management, the asset management business of William Blair & Company, L.L.C., is committed to building enduring relationships with our clients and providing expertise and solutions to meet their evolving needs. We work closely with private and public pension funds, insurance companies, endowments, foundations, sovereign wealth funds, high-net-worth individuals and families, as well as financial advisors. William Blair is 100% active-employee-owned with broad-based ownership. Our investment teams are solely focused on active management and employ disciplined, analytical research processes across a wide range of strategies, including U.S. equity, non-U.S. equity, fixed income, multi-asset, and alternatives. William Blair Investment Management is based in Chicago with offices in London, Zurich, and Sydney.


Headquartered in Chicago, Illinois, Aston provides investment management services to the mutual fund and managed accounts markets by carefully selecting, monitoring and marketing experienced boutique investment managers, who seek to achieve consistent investment performance using disciplined investment processes and best-in-class business standards. From the initial due diligence on an investment manager to the launching of a new Aston Fund, we take measured steps to ensure congruence between the requirements of Aston, the capabilities of the subadviser and the needs of clients. Our subadvisers deliver distinct investment strategies across each relevant asset class, providing not only diversification of style but of investment philosophy and process.

As of December 31, 2014, Aston is the adviser to 27 mutual funds with total net assets of approximately $14.3 billion. Our funds are distributed nationally through intermediaries including registered investment advisers, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.