Change or Die: Are Consultants and Fund of Funds Forced to Revamp?

Thursday, November 1, 2012
3:45-7 p.m.

Panel discussion followed by cocktails


Location: The Racquet Club of Philadelphia
215 South 16th Street
Philadelphia, PA

Our distinguished panel of speakers includes:

  • Leroy Cody, Lazard Asset Management – Director
  • Christopher McDonough, State of New Jersey – Deputy Director, Division of Investment
  • André Mehta, Cambridge Associates – Managing Director
  • Geoffrey Mullen, Morgan Stanley Alternative Investment Partners – Managing Director
  • Moderator: Afroz Qadeer, Tapestry Asset Management, LP, – Chief Executive Officer and Co-Chief Investment Officer

Speaker Biographies:

H. Leroy Cody, Jr.
Lazard Asset Management LLC (New York) – Director, Alternative Investments

Leroy Cody is a Director of Lazard Asset Management and a marketing representative in the Alternative Investments group. Prior to joining Lazard in 2005, he was a Managing Director at American Express Alternative Investments where he led the hedge fund marketing effort. Earlier he also headed endowment and foundation marketing and client service for the firm. Prior to American Express, he was a Vice President at Loomis, Sayles & Company in Institutional Marketing. Leroy earned his MBA at the Wharton School and BA at Colgate University where he is currently on the Board of Trustees and serves on the Investment Committee. He has Series 7, 24 and 31 registrations.

Christopher McDonough
State of New Jersey – Deputy Director, Division of Investment

Chris McDonough joined the State of New Jersey Division of Investment as Deputy Director in January of 2011. In this role, Chris works directly with the Director of the Division to manage all aspects the $72 billion State of New Jersey Pension Fund. Particular areas of focus for Chris are asset allocation and risk management, International Equity, the Alternative Investment Program, and the Deferred Compensation Plan. Prior to joining New Jersey, Chris spent 9 years with the City of Philadelphia Retirement System, where he most recently served as Chief Investment Officer for the $4 billion plan. Chris has a BS in Finance from LaSalle University. Chris is a lifelong resident of Philadelphia where he lives with his wife and two daughters.

André H. Mehta, CFA
Cambridge Associates – Managing Director

André is a Managing Director and has been at Cambridge Associates since 2003. He specializes in constructing and overseeing hedge fund portfolios for his clients. In addition to his specialist work, he also advises a number of nonprofit institutions, pension plans and private clients on general investment issues such as governance, investment philosophy, asset allocation strategy, manager selection, and investment program evaluation. Prior to working at Cambridge Associates, André was a partner at Baker Investment Group where he was a co-founder and Portfolio Manager for both long-only and long-short strategies. Prior to this, he worked at Grantham, Mayo, Van Otterloo & Co., and the Yale University’s Investments Office. André is a member of the investment committee for the Pine Street Inn. He graduated from Vassar College and received a Master’s Degree in Public and Private Management with a concentration in Finance from the Yale School of Management.

Geoffrey Mullen
Morgan Stanley Alternative Investment Partners – Managing Director

Geoff is the head of U.S. institutional business development for Morgan Stanley Alternative Investment Partners and also a member of Morgan Stanley AIP’s Executive and Management Committees. In his roles, Geoff is responsible for business growth, product management, marketing and the client facing functions of AIP’s business across hedge funds, private equity, real estate and portfolio solutions. He joined Morgan Stanley in 2011 and has over 27 years of industry experience. Prior to joining the firm, Geoff was a managing director for Allianz Global Investors as head of their institutional business development and client service. Prior to that, he was at Bankers Trust Company. Geoff received a B.S. in economics from Miami University and an M.B.A., with honors, from NYU Stern School of Business. He holds the Chartered Financial Analyst designation and is a member of the New York Society of Security Analysts. Geoff is a board trustee and investment committee member for a public pension plan in Connecticut.

Moderator: Afroz Qadeer
Tapestry Asset Management, LP – Chief Executive Officer and Co-Chief Investment Officer

Afroz Qadeer serves as CEO and co-CIO at Tapestry Asset Management LP (TAM), an investment firm focused primarily on managing customized multi hedge fund programs for institutional clients. TAM is an independent investment management firm with offices in Princeton, NJ, and London. TAM’s team comprises of professionals with significant research, due diligence and portfolio management experience in alternatives. The firm focuses primarily on creating and managing multi hedge fund solutions for institutional investors and has a global approach to implementing investment programs for its clients.

Afroz has over 17 years professional alternative investment experience. Prior to founding TAM, Afroz was responsible for hedge fund research and portfolio management at Goldman Sachs (1998-2002), Optima Fund Management (1996-1997) and Lake Partners (1993-1996). Over a 10 year period Afroz launched 8 multi-manager funds, was responsible for 20 multi-manager portfolios, and served as portfolio manager of 4 fund of hedge funds with assets of c. $2bn. While at GS, Afroz served as a Member of Goldman Sachs Hedge Fund Strategies Group’s Investment Committee and as a Member of Goldman Sachs Hedge Fund Operating Committee. Prior to working at Lake, Afroz was an Analyst at Redshare Investments in London and prior to that he was a Manufacturing Executive at Chain Link Industries, Sabhan, Kuwait. Over the years Afroz has actively participated in and/or moderated events for the Mid-Atlantic Hedge Fund Association, the Managed Funds Association and the Greenwich Roundtable. He has served on the Best Practices Subcommittee of The Greenwich Roundtable and provided editorial insight on working papers. In October 2007 he authored a piece titled "India, what to do?" which was featured in the Managed Futures Association Reporter.

Afroz holds an MBA from The Wharton School, University of Pennsylvania and a Bachelor of Commerce from Sydenham College, University of Bombay, India and is listed with the CFTC as a principal and registered as an associated person of TAM. He is an associate member of the National Futures Association.