Investing in Europe: Finding the Alpha

Thursday, June 14, 2012
3:30-7 p.m.

Panel discussion followed by cocktails


Location: The Union League of Philadelphia
140 South Broad Street
Philadelphia, PA
Business attire recommended.

Our distinguished panel of speakers includes:

  • Russell Clark, Portfolio Manager, Horseman Capital
  • Emanuel Friedman, Chief Executive Officer, EJF Capital LLC
  • Marc Schneider, Managing Director, Avenue Capital Group
  • Moderator: Joshua Kaplan, Senior Director of Hedged Strategies, Ascension Health Alliance

Speaker Biographies:

Russell Clark
Portfolio Manager, Horseman Capital Management Limited (London, UK)

Russell Clark serves as a portfolio manager for Horseman Capital Management and has a longstanding career of investing globally. He has been employed by Horseman Capital Management Limited since April 2006 where he managed a part of the portfolio in Emerging Market equities for the Horseman Global Fund Ltd. He has been responsible for the management of the multiple award winning Horseman Emerging Market Opportunities Fund Limited since its launch in October 2006, until December 31st 2009. He took responsibility of the Horseman Global Fund on January 1, 2010. Russell started his investment career at UBS Wealth Management in 2000 and, in January 2002, transferred within the UBS group to GAM London as an investment analyst, a post he held until he left in January 2006. He now has 7 years’ experience investing in stock markets on a global basis. Russell has a Bachelor degree (Honours) in Economics and a Bachelor degree in Asian Studies from the Australian National University. Russell became a CFA Charterholder in 2004.

Emanuel Friedman
Chief Executive Officer, EJF Capital LLC

Mr. Friedman is a founder and the Chief Executive Officer of EJF Capital LLC, an Arlington, VA based hedge fund that manages approximately $2 billion in assets (as of 5.1.12).

Mr. Friedman is a founder and the former Co-Chairman and Co-Chief Executive Officer of Friedman, Billings, Ramsey Group, Inc. (now known as Arlington Asset Investment Corp. “FBR”), a publicly traded, diversified financial services company (NYSE: AI). He has over 39 years of capital markets and asset management experience. During his tenure, FBR’s Alternative Asset Investments and Private Wealth Management platforms included a broad array of investment vehicles with more than $1.5 billion in assets as of 12/31/04. He co-founded EJF Capital in September 2005, and maintains an extensive network of contacts within the CDO, hedge fund, and private equity fund communities.

Mr. Friedman received his BA in Education from the University of North Carolina at Chapel Hill and his JD from Georgetown University.

Marc Schneider
Managing Director, Avenue Capital Group

Mr. Schneider is a Managing Director responsible for identifying, analyzing and modeling investment opportunities for Avenue Europe. Prior to joining the firm in 2004, Mr. Schneider was a Director at Salomon Smith Barney in the Investment Banking Department. Prior to that, Mr. Schneider was a Vice President at Rodman & Renshaw, LLC. Previously, Mr. Schneider practiced corporate law at Cravath, Swaine & Moore, LLP and Stroock & Stroock & Lavan, LLP. Mr. Schneider received a B.S. in Industrial Engineering from Lehigh University (1985) and a J.D., magna cum laude, from the University of Miami (1990).

Joshua Kaplan
Senior Director of Hedged Strategies, Ascension Health Alliance

Josh Kaplan is Senior Director of Hedged Strategies for Catholic Healthcare Investment Management Company (CHIMCO), a subsidiary of Ascension Health. He is responsible for the oversight and management of the hedge fund portfolio which totals over $3 billion.

Prior to joining CHIMCO, Mr. Kaplan served as CIO at Drexel University in Philadelphia, PA. As Drexel’s first ever CIO, Mr. Kaplan built out the investment office and managed the University’s $500 million endowment assets. Under his leadership, Drexel was nominated for Mid-Sized Nonprofit of the year in 2009 by Foundation & Endowment Money Management. Mr. Kaplan was also named one of the Rising Stars of Foundations and Endowments by Institutional Investor. Before arriving at Drexel, Mr. Kaplan was CIO at Smart Financial Advisors, a multi-family office located in suburban Philadelphia. Prior to Smart, he was a Portfolio Manager at Lockwood Advisors, an asset management subsidiary of The Bank of NY Mellon.

Mr. Kaplan holds a BBA in Finance from Emory University in Atlanta, GA. He is on the board of directors of the Mid-Atlantic Hedge Fund Association and is a member of the CFA Institute and the CFA Society of Philadelphia. He has been quoted in several publications such as The Wall Street Journal, The Financial Times, Buyouts Magazine, Pensions & Investments and Infovest21. Additionally, Mr. Kaplan has been profiled in Absolute Return Magazine, Alpha Magazine, Foundations and Endowments Magazine and Strategy Focus. He is married and has two children.