The Association for Corporate Growth Chicago (ACG Chicago) and the Chicago/Midwest Chapter of the Turnaround Management Association, in conjunction with the Hedge Funds Association (HFA), will coalesce to present "Hedge Funds Unwrapped," an afternoon three-part program on hedge funds and their impact on the financial markets that will take place from 2:30 to 7:30 pm on 22 May 2007 at The Standard Club in Chicago.
Kenneth Heinze, president of Hedge Fund Research, Inc., and David Friedland, president of Magnum Funds and president of HFA, will lead off the program and provide the audience with an overview of the hedge fund industry. Heinze will share trend data on the investments and returns of more than 3,500 US hedge funds, and Friedland will address the current state of the hedge fund industry, including a discussion of the evolution of hedge fund strategies.
The second session of the three-part program will feature a presentation by Dan Reid, transaction advisory services principal for Grant Thornton LLP. Reid will discuss the key findings of a recent study published by Grant Thornton and ACG, "Blurring of the Line: Private Equity and Hedge Funds are Converging." Reid will also address how the convergence trend identified in the study is affecting the merger and acquisition (M&A) market.
"Hedge Funds Unwrapped" will conclude with an interactive dialogue between the audience and four area hedge fund experts. Ronald Kahn, managing director of Lincoln International, will moderate the panel, which will feature John Felix of Laminar Direct Capital LP; Friedland; Kevin Griffin of Fortress Investment Group LLC and Ivan Zinn of Atalaya Capital Management LP.
"The purpose of this informative program is to provide Chicago-area finance professionals with a complete understanding of hedge funds and hedge fund strategies, " said Paul Krantz, ACG Chicago director and director of GMAC Commercial Finance. "This is a unique opportunity to learn from three of our area's most prominent financial organizations about a topic that is widely misunderstood and is ripe with potential."