CMCAS Presents

Hedge Funds and Prime Brokerage:

The Evolving Risk Landscape

 

Date: Tuesday, November 16th 2021

Time: 4:00pm - 5:00pm ET 

 

 

**PLEASE CLICK HERE TO REGISTER ONLINE**

 

 

Please join us on Tuesday, November 16th at 4:00pm ET for a discussion around hedge funds and prime brokerage. Topics discussed will include:

 

  • Hedge fund risk strategy and the impact of macro-events on portfolios

 

  • Enhanced risk management and changes in ongoing due diligence

 

  • Regulatory review and understanding forthcoming regulations 

 

 

Confirmed Speakers:

 

Ari R. Cohen, Managing Director, Advisory Services, Ernst & Young LLP

Ari R. Cohen is a Managing Director in the Advisory Services practice of Ernst & Young LLP. Ari has over twenty-five years of experience as a practitioner and as a regulator in the fields of capital markets; counterparty risk management; risk identification and scenario design; financial market infrastructures; and payments, clearing, and settlement systems. He has extensive product experience in derivatives and securities financing transactions as well significant knowledge of margining practices, collateral management, central clearing, and operational infrastructures. Ari has proven leadership skills in team development, project and risk management, and regulatory relations.

 

As a member of the Financial Services Risk Management team, Ari is a key subject matter advisor for several risk management initiatives including Single Counterparty Credit Limits (SCCL) and Comprehensive Capital Analysis and Review (CCAR).

 

Prior to joining EY, Ari was an Assistant Vice President at the Federal Reserve Bank of New York (FRBNY) with responsibility for the supervision of counterparty risk at the nation’s largest and most systemically important financial institutions. Ari has also served as a member of the CCAR Program Oversight Group with responsibility for the development of examiner-related guidance and training materials, comprehensive work programs, and supervisory examination plans. Since the inception of CCAR, Ari served as the Counterparty Risk Evaluation Team lead with overall responsibility for assessing losses that result from the application of CCAR’s Global Market Shocks including losses related to Counterparty Valuation Adjustment (CVA), Counterparty Default, and Issuer Default.

 

During his 15-year career at FRBNY, Ari contributed to numerous, large-scale regulatory initiatives, working groups, and committees related to Dodd-Frank, Tri-Party Repo Reform, OTC Derivative Price Transparency, Recovery and Resolution, CLS Oversight, and Financial Market Infrastructures. Ari has proven thought leadership in the evaluation of counterparty risk management processes, promotion of peer-leading practices, identification of emerging supervisory concerns, and development of supervisory policies.

At the height of the financial crisis, Ari oversaw a joint commitment among the Federal Deposit Insurance Corporation (FDIC), the United States Treasury Department, and FRBNY to support and guarantee over $300 billion of ring-fenced assets as part of the Citigroup Asset Guarantee Program. Ari has provided expert testimony to the Special Inspectors General of the Troubled Asset Relief Program and the FDIC as well as Congressional Oversight Panels.

 

Prior to joining FRBNY, Ari headed the US Hedge Fund Risk Management team at Barclays Capital with responsibility for the measurement, monitoring, and mitigation of counterparty risk to hedge fund trading counterparties as well as the development and implementation of counterparty credit risk policies, procedures, and controls. He held similar roles at both Dresdner Bank and Societe Generale.

 

Ari earned an BA in Economics from Binghamton University and MBA in Finance from the Stern School of Business at New York University.

 

 

Joseph Padellaro, Senior Vice President, Credit Risk Management, Citi

Joseph Padellaro is currently a Senior Vice President in Credit Risk Management at Citi primarily covering hedge funds and certain other alternative asset managers. Prior to joining Citi in May 2021, Mr. Padellaro had previously worked at J.P. Morgan for over seven years as a credit officer in the firm’s Hedge Fund Credit Risk department. Mr. Padellaro holds a B.S. in Business Administration magna cum laude from Boston University’s Questrom School of Business. 

 

 

Matthew Rinaldi, Chief Operating Officer, Weiss Asset Management

Matt Rinaldi joined Weiss Asset Management in February 2006; he is the firm’s Chief Operating Officer and a member of the Compliance Committee, Valuation Committee, Expense Committee and the Cybersecurity Committee. Prior to joining WAM, Matt held a top-secret clearance and worked on network encryption devices certified by the National Security Agency. He also studied System Design and Management at the Massachusetts Institute of Technology, and has a Master’s Degree in Computer Science from Worcester Polytechnic Institute. Matt graduated summa cum laude from the College of the Holy Cross with Phi Beta Kappa honors. Matt is a board member of the WAM Foundation, a non-profit focused on maximizing the alleviation of suffering worldwide, and We Care Solar, a non-profit focused on reducing maternal mortality in developing countries.

 

Weiss Asset Management (“WAM") is an investment management firm headquartered in Boston, MA registered with the U.S. Securities and Exchange Commission as an investment adviser. WAM manages multiple investment vehicles, including private hedge funds, a London listed closed-ended fund, an institutional separate account and an opportunity fund. The firm was founded by Dr. Andrew Weiss, an academic economist, who launched his first fund in 1991. WAM employs deep fundamental and statistical analysis to find undervalued securities globally, and seeks to maximize risk adjusted returns for its investor base that includes charitable foundations, pension plans, endowments, hospitals, government entities and private investors. The firm has 81 employees and assets under management of approximately 2.7 billion.

 

 

Thank you to our 2021 GOLD SPONSORS:

 

 

 

REGISTRATION INFORMATION

 

Online: www.cmcas.org

(Please sign in with your email address and password. If you forgot your password, please click the forgot password link and it will be emailed to you. If you never had a password, please enter Password1)

Email: cmcas@cmcas.org

Fax: 914-332-1541

Mail: CMCAS, 25 North Broadway, Tarrytown, NY 10591

 

REGISTRATION FEES:

 

CMCAS MEMBER RATE: $20

 

CMCAS NON-MEMBER RATE: $40

 

DISCOUNT RATE: RE-JOIN/JOIN AND ATTEND THE HEDGE FUND PANEL PROGRAM ON NOVEMBER 16, 2021: $65

 

 

If you join today, membership is valid until December 31, 2022.

 

Cancelation Policy: Fee refunded with cancelation until close of business day by Monday, November 15, 2021.

Cancelations subsequent thereto and no-shows are liable for payment.