The CFA Society of Austin
7th Annual Forecast Dinner
on Wednesday, January 26th, 2011 5:30 – 9:00 pm
INFLATION, DEFLATION OR WORSE: THE OUTLOOK
FOR MARKETS, HOUSING, AND MORE
Charles Gasparino, Senior Correspondent, FOX Business Network
James W. Paulsen, Ph.D., Chief Investment Strategist, Wells Capital Management
Dr. Lee Thomas, CEO/Co-CIO, Flint Rock Global Investors
J. Kyle Bass, Managing Member and Principal, Hayman Advisors
|Panelist: James W. Paulsen, Ph.D.
||Jim Paulsen is the chief investment strategist at Wells Capital Management. An investment management industry professional since 1983, Jim develops investment strategies that assist in the management of separate institutional account assets as well as mutual and collective investment funds. He joined Norwest Investment Management, Inc., which later became part of Wells Capital Management, as chief investment officer in January 1997.Previously, he was the senior managing director and chief investment strategist for Investors Management Group in Des Moines, Iowa. Earlier, he was president of SCI Capital Management in Cedar Rapids, Iowa. Jim is nationally recognized for his views on the economy. BusinessWeek named him Top Economic Forecaster for 2001. BondWeek has twice named him Interest Rate Forecaster of the Year. For more than 25 years, Jim has published his own commentary assessing economic and market trends through his newsletter, Economic and Market Perspective. Money named his newsletter one of “101 Things Every Investor Should Know” in March 2004. He earned his bachelor’s and doctoral degrees in economics from Iowa State University.
|Panelist: Dr. Lee Thomas
||Prior to founding Flint Rock Global Investors, Dr. Thomas was Managing Director and Chief Investment Officer at Alpha Vision Capital Management LLC, a subsidiary of Allianz Global Investors U.S. Equities LLC. Dr. Thomas joined Alpha Vision Capital Management LLC in 2004 and was in charge of the overall investment strategy and the top-down idea generation. Prior to joining Alpha Vision Capital Management LLC, Dr. Thomas was Managing Director and Global Strategist at Pacific Investment Management Co. (PIMCO), an institutional money manager specializing in fixed income strategies, which was acquired by AGI in 2000.Dr. Thomas joined PIMCO in 1995 to oversee the development of PIMCO’s global bond business. Prior to joining PIMCO, Dr. Thomas worked for Investcorp in London, New York and Bahrain from 1989 to 1995. At Investcorp, Dr. Thomas managed the treasury division and served on its investment committee. From 1981 to 1989, Dr. Thomas worked in various economic, analyst, trading, structuring and sales roles at several financial institutions. He received his PhD and Bachelors in Economics from Tulane University and his Masters in Economics from the University of New Orleans.Dr. Thomas has extensively published articles concerning managing assets, and is a frequent speaker at financial seminars and conferences. He is most proud of having mentored many successful Wall Street professionals.
|Panelist: J. Kyle Bass
||Mr. Bass is the Managing Member and Principal of Hayman Advisors LP’s general partner, which was formed in December 2005. Hayman Advisors serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP, and is a member of Hayman Municipal Strategies LLC and Hayman Woods LLC. Mr. Bass co‐managed Subprime Credit Strategies Fund, LP and Subprime Credit Strategies Fund II, LP.In August 2010, The University of Texas System Board of Regents appointed Mr. Bass to the Board of Directors of The University of Texas Investment Management Co. (UTIMCO). UTIMCO manages the investment assets under the fiduciary care of the Board of Regents for nine Universities (The University of Texas and Texas A&M systems) and six Health Institutions with aggregated assets over $16 billion. In January 2010, Mr. Bass testified as a Financial Market Participant before the Financial Crisis Inquiry Commission, a bi‐partisan 10‐member panel established by Congress to examine the causes of the financial crisis. In November 2007, Mr. Bass spoke on a panel co‐sponsored by the American Enterprise Institute for Public Policy Research and the Professional Risk Managers’ International Association concerning the rating agency system. In September 2007, Mr. Bass testified as an expert witness before the House of Representatives Financial Services Capital Markets Subcommittee. Mr. Bass is a founding member of the Serengeti Asset Management Advisory Board.Prior to forming Hayman Advisors, Mr. Bass worked as a Senior Managing Director at Bear, Stearns & Co., and a Managing Director at Legg Mason, Inc.Mr. Bass graduated with honors with a Bachelor of Business Administration in Finance and Real Estate Finance from Texas Christian University in May 1992. He attended TCU on a Division I scholarship for academic achievement and diving.
|Moderator: Charles Gasparino
||Charles Gasparino joined FOX Business Network (FBN) in February 2010. Gasparino provides on-air reporting throughout the business day for the network, covering the latest news from the financial world.Prior to joining FBN, Gasparino was an on-air editor for CNBC where he was responsible for breaking some of the biggest stories affecting the financial markets during the recent financial crisis, including the first reports of AIG’s government bailout, details behind the collapse of Lehman Brothers and the shakeups at Merrill Lynch and Morgan Stanley. Before joining CNBC, he was a senior writer at Newsweek magazine where he broke major stories involving Wall Street and corporate America, including developments at the New York Stock Exchange under Richard Grasso and former New York Attorney General Eliot Spitzer’s crackdown on corporate crime.Gasparino also served as a writer for the Wall Street Journal where he was nominated for the Pulitzer Prize in beat reporting in 2002 and won the New York Press Club award for best continuing coverage of the Wall Street research scandal. In 2003, he was nominated as part of a team of reporters for the paper’s coverage of the New York Stock Exchange and the resignation of its former chairman Richard Grasso.
A recipient of numerous business journalism awards, Gasparino is also the author of the bestselling financial books including, “The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System” and “Blood on the Street,” as well as critically acclaimed “King of the Club: Richard Grasso and the Survival of the New York Stock Exchange.” He has also served as a contributor to the Daily Beast, New York magazine and Forbes, among other publications.
He received a B.A. from Pace University and a Masters degree in journalism from the University of Missouri in Columbia, Missouri. He resides with his wife in New York City.
Wednesday, January 26th, 2011 from 5:30 pm – 9:00 pm
AT&T Executive Education & Conference Center on UT campus, 1900 University Avenue, Austin, Texas 78705
5:30 pm Registration and Cocktails
6:30 pm Dinner Begins
7:00 pm Introduction and Opening Remarks
7:15 pm Speaker Panel and Q&A
9:00 pm Evening Concludes