A Global Macro Perspective 2016

Hosted by FLAIA

Miami, December 1, 2015 – In conjunction with Miami’s Art Basel, the Florida Alternative Investment Association (FLAIA) presented “A Global Macro Perspective 2016.” The evening discussion was hosted by Akerman LLP, the largest full service commercial law firm in Florida, and moderated by Thomas Trujillo, partner with KPMG. Opening the event, Rainford Knight, Ph. D., board member of FLAIA, stated that the not-for-profit began in 2007 when Michael Corcelli, founder and chairman, became frustrated with the absence of a hedge fund community in South Florida. Michael began hosting dinners with several hedge fund managers. With $65 million allocating into hedge funds, Miami is now one of the fastest growing areas of allocation within the United States. As Miami ranks 2nd to the North American average of 16%, in terms of percentage of institutional assets, Dr. Knight jokingly stated, “Not everyone in Florida is playing shuffle board.”

However, the perfect storm of events are brewing. Financial markets are contending with global growth concerns, global deflationary fears, an impending fed rate hike, plunging commodity prices, extended valuations, deteriorating credit conditions – just to name a few – and now, fear of increasing geopolitical concerns that will come to the forefront of 2016. Bottom line, the next few years will introduce a new environment to investors. With a new regime of volatility, muted returns, and little to no price appreciation with bonds, investors will need to exercise more discretion when allocating assets.

FLAIA’s high level event did not only inform members of the alternative investment community about the major global macroeconomic trends of 2016, but reacquainted old friends, as well. On this year’s panel was Shannon Morton, Director at BlackRock; Peter Halloran, CEO and Founder of Pharos Financial Group; Luis Laboy of RWC Partners; Daryl Jones, Director of Research at Hedgeye; and Michael Corcelli, CIO of Alexander Alternative Capital. Several dominant economic themes were discussed in detail.

About FLAIA

The Florida Alternative Investment Association (FLAIA) is a not-for-profit 501(c) (6) organization created to establish Florida as an internationally leading center for Alternative Investment management.

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Watch on YouTube: https://www.youtube.com/watch?v=aO3CoQ6B73M

    Author

    • Michael Corcelli

      Title
      Founder & Chairman
      @
      Company
      Role
      author

      Mr. Corcelli is the Founder & Chairman of the FLAIA and has played a critical role in establishing the vision and building the management team for the FLAIA. In addition to his work with the FLAIA, he is a Managing Partner at Alexander Alternative Capital, LLC based in Miami. Prior to joining Alexander Alternative Capital, Michael worked for UBS AG where he was responsible for portfolio management and tactical asset allocation for private clients of UBS Global Wealth Management & Business Banking. Michael holds a Bachelor of Science degree from the University of Miami where he studied Business with a focus in Finance.

    About

    FLAIA

    FLAIA is an open access platform of alternative investments for institutions, wealth advisors, family offices, RIAs, and accredited investors. General Partners gain access to a vertically integrated digital & traditional fintech marketplace. Investors gain access to special opportunities, educational webcasts and digital events. All of our digital events, educational content and alternative investment opportunities are available in one place under a single sign on.