10th Annual Investment Symposium

Tuesday, October 18, 2016

Margot and Bill Winspear Opera House – Dallas, TX

Speakers

Many thanks to our remarkable past speakers for their time, insights and support.

 

Andrew “Andy” Beal

CEO, Beal Bank

Mr. Beal is founder and Chief Executive Officer of Beal Financial Corporation, which includes two FDIC-insured banks, Beal Bank, based in Texas and founded in 1988, and Beal Bank USA, based in Nevada and founded in 2004.

 

 

Susan M. Byrne

Founder, Vice Chairman of the Board, Westwood Holdings Group, Inc.

Ms. Byrne is the Founder of Westwood Management Corp., a registered investment adviser, and has served as its Chairman of the Board since 1983. Ms. Byrne has over forty years of Wall Street portfolio management and plan sponsor experience. She served Westwood Management Corp. as Chief Investment Officer from 1983 to February 2012 and as Chief Executive Officer from 1983 to 2005. Founded in 1983, Westwood serves a variety of institutional clients, such as corporate pension funds, religious organizations, endowments and foundations. Ms. Byrne serves as Director of Westwood International Advisors Inc., an investment advisor located in Toronto, Ontario and registered with the Ontario Securities Commission and the Autorite des marches financiers in Quebec. Ms. Byrne is also a Director of Westwood Holdings Group, Inc., a holding company that trades on the NYSE and the parent company to both Westwood Management Corp. and Westwood International Advisors Inc. She served as the Chairman of the Westwood Holdings Group, Inc. Board from 2001 until May 1, 2015, at which time she began serving as Vice Chairman. She also served as Director, Global Initiatives from February 2012 to July 2015, following which she began serving as a consultant to the company. 

Ms. Byrne is a member of the board of the Dallas Museum of Art as well as a board member of Impact Dallas.  She is the President and Chief Investment Officer of MB Capital and the President of the MOB Family Foundation.  Ms. Byrne is a member of both the New York and Dallas Societies of Securities Analysts. 

 

Caroline Cooley

Partner, Crestline Investors, Inc.

Ms. Cooley is the Chief Investment Officer of Crestline’s Diversified Funds and serves on both the Investment and Executive Committees. Ms. Cooley’s responsibilities include leading the diversified hedge fund investment team and managing portfolios of hedge funds. Ms. Cooley has over 32 years of experience in the investment industry, focusing almost exclusively in the absolute return area. She has significant experience in proprietary trading, as well as hedge fund risk management. Prior to joining Crestline in April 1998, she was a trader and risk manager with Taylor & Company, an investment firm associated with the Bass Family of Fort Worth, TX. Her experience includes trading equity derivatives and fixed income arbitrage in the U.S. and international markets. Additionally, she was responsible for risk management of the various absolute return strategies employed by Taylor & Company, including monitoring and hedging equity, currency and interest rate exposure. Ms. Cooley began her career in the investment industry at Manufacturers Hanover Trust Company in New York and Chicago after receiving her B.A. in Economics from The College of William and Mary in 1983. Ms. Cooley serves on the Advisory Board of Texas Wall Street Women and the Investment Advisory Committee of Texas Employee Retirement System. 

Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm with approximately $10.0 billion of assets under management. Crestline specializes in credit and opportunistic investments, as well as hedge fund and beta solutions. In addition to its Fort Worth, Texas headquarters, Crestline maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.

 

David Einhorn

President, Greenlight Capital, Inc.

David Einhorn is president of Greenlight Capital, Inc., which he co-founded in January 1996. Greenlight Capital is a value-oriented investment advisor whose goal is to achieve high absolute rates of return while minimizing the risk of capital loss.  

Greenlight’s investment philosophy is to combine the analytical discipline of determining fair value with a practical understanding of markets. The firm believes that an investment approach that emphasizes intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions.  

Prior to founding Greenlight Capital, Inc., David worked at Donaldson, Lufkin & Jenrette (DLJ) as an analyst in the Investment Banking Group.  After DLJ, Mr. Einhorn joined Siegler, Collery & Co., a buyout and investment management firm, as an investment analyst.  

David is Chairman of the Board of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) and Chairman of the Board of Green Brick Partners, Inc. (NASDAQ:GRBK). He is the author of Fooling Some of the People All of the Time: A Long Short Story, published in May 2008.    

David graduated summa cum laude with distinction in all subjects from Cornell University, where he earned a B.A. from the College of Arts and Sciences.  

 

Lisa W. Hess

President and Managing Partner, SkyTop Capital Management LLC

Ms. Hess is president and managing partner of SkyTop Capital, launched in October 2010. From 2002 to 2008, she was chief investment officer of Loews Corporation. Prior to joining Loews in 2002, she was a founding partner of Zesiger Capital Group.

Ms. Hess serves on the board of TIAA and the Radian Corporation and is a trustee of the WT Grant Foundation and The Chapin School. From 2002 to 2010, Ms. Hess was a regular columnist for Forbes magazine, and from 1996 to 2002 served on the United States Treasury Debt Advisory Committee.  Ms. Hess earned her B.A. from Harvard University and her M.B.A. from the University of Chicago.

 

Ray Nixon, Jr.

Executive Director, Barrow, Hanley, Mewhinney & Strauss

Ray Nixon is the Executive Director and Portfolio Manager of Barrow, Hanley, Mewhinney & Strauss, LLC. Barrow Hanley, founded in 1979, is one of the largest value-oriented investment managers of institutional assets in the U.S. The ninety-six billion dollar firm provides value-oriented investment strategies to institutional investors, mutual funds, and family offices on five continents.

Mr. Nixon joined BHMS in 1994 from Smith Barney, Inc., where he was a member of the firm's Investment Policy Committee and served as their lead institutional stockbroker for the Southwest. During his thirty-seven year investment career, he also served as a research analyst for the Teacher Retirement System of Texas.  Mr. Nixon holds a BA and an MBA from the University of Texas.

Mr. Nixon is a Chairman of the Texas Health Resources Investment Committee and a Trustee of the UT Southwestern Foundation. He is also a member of the McCombs School of Business Advisory Council, the University of Texas Development Board, and the Board of the Salvation Army.

 

T. Boone Pickens

Founder and CEO, BP Capital

T. Boone Pickens is one of the nation’s most successful businessmen, first building one of the nation’s largest independent oil companies, Mesa Petroleum, and later reinventing himself in his 70s as one of the most successful investment fund operators with BP Capital. In July 2008, Boone launched the Pickens Plan (www.PickensPlan.com), a $100 million grass-roots campaign aimed at reducing this country’s crippling addiction to OPEC oil. 

Boone’s 2008 book, The First Billion is the Hardest, detailed what America must do to win back its energy independence. He is also aggressively pursuing a wide range of other energy sector business interests.

CNBC has dubbed him “Oracle of Oil” for his uncanny knack of predicting oil price movements. At a time in life when many businessmen are concentrating on the golf course and ship cruises, he remains a dynamic force in his industry, as evidenced by his fellow Dallas chief executives selecting him as DCEO magazine’s 2013 CEO of the Year. His many professional honors include membership in the Horatio Alger Association of Distinguished Americans, the Texas Business Hall of Fame, and the Oklahoma Hall of Fame. In 1998, the Oil & Gas Investor listed him as one of the “100 Most Influential People of the Petroleum Century.” During the span of his career, Pickens has given away more than $1 billion to philanthropic causes. He is among the most generous university benefactors of all time, having contributed more than $500 million to his alma mater, Oklahoma State University, divided evenly between academics and athletics.

If you want to follow Boone Pickens on Twitter, you can do so @boonepickens.

 

Michael F. Price

President of The Price Family Foundation, Inc.; Managing Member of MFP Investors LLC

Michael F. Price earned his bachelor’s degree in 1973 from the University of Oklahoma. In 1999 the University of Oklahoma honored him with a Doctor of Humane Letters.

Michael F. Price was Chairman of the Board of Franklin Mutual Advisers and Franklin Mutual Series Fund. He had been associated with both entities and their predecessor organizations since 1975. At that time the adviser was known as Heine Securities Corp. and the fund was Mutual Shares Fund. Michael was Vice President of the fund from 1975 until 1986. From 1986 until November 1, 1998 he was CEO, President and Chairman of the Board of the adviser and the fund, which came to be known as Mutual Series Fund. 

Presently, Michael is the President of The Price Family Foundation, Inc.; Managing Member of MFP Investors LLC; and Managing Partner of MFP Partners, L.P. He also serves as a Director of Liquidnet Holdings, an Investment Advisory Council Member to the Florida State Board of Administration and on Boards for The Albert Einstein College of Medicine, Jazz at Lincoln Center and Johns Hopkins Berman Institute of Bioethics.

 

Gretchen Morgenson (Moderator)

Assistant Business and Financial Editor, The New York Times

Ms. Morgenson has been Assistant Business and Financial Editor and a Columnist at The New York Times since 1998. She covers the world financial markets and won the Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street. In 2009, Ms. Morgenson won a Gerald Loeb Award in the “Beat Writing” category in her coverage of Wall Street. This followed her Gerald Loeb Award for excellence in financial commentary in 2002 and the American University School of Communication’s Annual Journalism Award for excellence in personal finance reporting in 2000.

Ms. Morgenson began her career at Vogue magazine as an Assistant Editor in 1976. By the time she left the magazine in 1981, she was a writer and financial columnist. She has filled the roles of Assistant Managing Editor and Investigative Business Writer and Editor at Forbes magazine, Press Secretary for the Forbes for President Campaign, Executive Editor for Worth magazine, Staff Writer at Money magazine, and Stockbroker for Dean Witter Reynolds in New York from 1981 to 1984. Ms. Morgenson received a B.A. degree in English and History from Saint Olaf College. She is co-author of The New York Times bestseller Reckless Endangerment, published by Times Books in May 2011.