MIAMI (August 29, 2016) — The Florida Alternative Investment Association is pleased to announce its partnership with The Beacon Council Banking & Finance Committee as the two organizations co-sponsor a Sept. 21 panel discussion on the growth of the hedge fund and private equity industry in Greater Miami.
“We strongly believe this discussion panel will offer a solid round of information on what it will take to drive the continued growth of the alternative investment industry in the Greater Miami area,” said Michael Corcelli, co-founder of FLAIA and managing member of Alexander Alternative Capital in Miami.
“Alternative Funding: A Hidden Jewel in Miami-Dade’s Financial Landscape,” will offer an array of topics including an update on the migration of hedge funds from the Northeast, Europe and South America to the Miami area. The audience will be briefed on the mechanics of hedge fund operations, how managers keep current on market direction, cyber security, portfolio construction and the proper allocation of investor money.
“South Florida is beating all of the major hubs and secondary hubs in terms of growth rate and attracting relocations from the all over the U.S.,” Corcelli said. “The region has emerged as a landing spot for infrastructure providers, investors and managers who are aggressively creating new jobs and expanding alternative investment operations here.”
The panel will look toward the future by addressing what is needed for Greater Miami to continue to outperform other locations in the fight to be a major hub for alternative investment offices. Among other things, they will emphasize the industry’s need for locally trained Ph.D.s in mathematics, physics and other sciences.
The audience will hear why “Quants” are moving to Florida, and how geography impacts performance in a quantitative hedge fund. Panelists will discuss why they moved their operations to South Florida and why some are considering a transfer of their operations to our region.
Who Will Benefit?
The event is aimed at professionals with an interest in serving and assisting in the growth of the Greater Miami financial industry. They include accountants, attorneys, bankers, family office managers, hedge fund managers and real estate brokers and developers. The event is an ideal opportunity for participants to raise the visibility of their own businesses, meet investors, and learn about the hedge fund opportunity.
The following presenters have been confirmed:
- Eric Westphal, Portfolio Manager, dormouse, Malta and Miami. The firm, which recently established a technical office in Miami, is looking to expand its office of nine associates to 30 mathematicians and scientists.
- Steve Malloy, Director, US Business Development, ISAM. ISAM is a $1.6bn alternative investment manager which specializes in quantitative investing with offices in UK, US, Middle East and Australia.
- Michael Corcelli, Chief Investment Officer, Managing Member, Alexander Alternative Capital, Miami.
Invitations are pending with members of the accounting industry and family offices in South Florida.
The event will take place at The Beacon Council’s headquarters, 80 SW 8th St., Suite 2400, Miami.
Networking will run from 8:00 a.m. until 8:15 a.m. The panel discussion will occur from 8:15 a.m. through 9:30 a.m.
For further information, contact Michael Corcelli at 786-574-5165 x 1004, or The Beacon Council at 305-579-1300.
Formed in 2007, the Florida Alternative Investment Association is an exclusive not-for-profit trade association, dedicated to informing and uniting the growing population of Florida’s Alternative Investment cluster. FLAIA’s mission spans a broad-range of areas including Community Building, Education, Branding, Capital Attraction, Business Attraction, and Policy Optimization. For more information, visit flaia.org.
ABOUT MICHAEL CORCELLI
Michael Corcelli is the founder of the Florida Alternative Investment Association (FLAIA), and Chief Investment Officer and Managing Member of Alexander Alternative Capital, a global asset manager with multiple strategies based in Miami, FL. From 2001 to 2005, he served as an investment advisor at UBS where he was responsible for portfolio management and tactical asset allocation for private clients of UBS Global Wealth Management. In 2007, he purchased the world’s first electronically traded receivable and invested in The Receivables Exchange (TRE), now owned by the NYSE.
ABOUT THE BEACON COUNCIL BANKING & FINANCE COMMITTEE
The committee mission is to further develop the financial industry in Miami-Dade County by supporting The Beacon Council’s recruitment, expansion, and retention programs, as well as the related One Community One Goal (OCOG) Banking & Finance industry recommendations. Chaired by Robert Munoz of BBVA Compass Bank, the committee also serves as a source for industry knowledge and communication of industry intelligence.