LSAIA
Current Speaker Bios
Alexander Shoghi, PM Oasis Capital - Mr. Shoghi joined Oasis in 2005, first based in Hong Kong, and subsequently relocating to the US as the founder and manager of Oasis Capital in Austin, Texas in early 2012. From 2004 to 2005, Mr. Shoghi worked as an Asia Equity Sales associate at Lehman Brothers. Mr. Shoghi received a Bachelor of Science of Business Administration in Finance and International Business from Georgetown University in 2004.
Patrick Cosgrove, Senior Director for Internal Public Markets TRS of Texas - Mr. Cosgrove is responsible for leading the portfolio management team and directing the investment strategy. As one of the portfolio managers in the plan’s Internal Public Markets Department, he is directly responsible for actively managing regional equity investments within Europe and the Far East (EAFE). Patrick joined TRS in 1999, starting as a senior international analyst and later as a portfolio manager for Europe and today EAFE.
Prior to TRS, Patrick also worked with USAA Investment Management Company as a portfolio analyst working on the Income Stock, International, World Growth, Emerging Markets, REIT and Gold portfolios. Patrick received his undergraduate degree in economics from Texas A&M
University and his MBA with a concentration in Finance from St. Mary’s University.
Patrick is a CFA Charter holder.
Sean Callaway, Managing Director Greenwave Capital - Mr. Callaway is a Managing Director at the discretionary global macro hedge fund, Greenwave Capital, where he focuses on research and trading. Prior to joining Greenwave in November of 2012, he was employed at Abraham Trading Company, a systematic Commodity Trading Advisor located in Austin, Texas, as an analyst working in various capacities. He is a CAIA charter holder, and he holds a Series 3 and Series 34 license. Mr. Callaway received his BA in Finance and minor in Accounting from the McCombs School of Business at the University of Texas at Austin.
Pablo E. Calderini, CIO Graham Capital - Mr. Calderini is the President and Chief Investment Officer of GCM and, among other things, is responsible for the management and oversight of the discretionary and systematic trading businesses at GCM. Mr. Calderini is also a member of the firm's Executive, Investment, Risk and Compliance committees. He joined GCM in August 2010 and became an Associated Person and Principal of GCM effective August 13, 2010. Prior to joining GCM, Mr. Calderini worked at Deutsche Bank from June 1997 to July 2010 where he held positions of increasing responsibility, most recently the Global Head of Equity Proprietary Trading. Mr. Calderini commenced his career at Deutsche Bank as Global Head of Emerging Markets. During his tenure at Deutsche Bank, Mr. Calderini also helped manage several groups across the fixed income and equity platforms, including the Global Credit Derivatives Team. Mr. Calderini received a B.A. in Economics from Universidad Nacional de Rosario in 1987 and a Masters in Economics from Universidad del CEMA in 1988, each in Argentina.
Past Speaker Bios
Panayiotis Lambropoulos, PM, ERS of Texas
Panayiotis Lambropoulos is a Portfolio Manager of Hedge Funds at the Employees Retirement System of Texas – a $26 billion retirement plan – located in Austin, Texas. His responsibilities include sourcing, analyzing and evaluating potential hedge fund managers, process and performance assessment, interviewing various fund employees and third-party service providers, and maintaining due diligence efforts.
Panayiotis started in the alternative investment industry as a Research Analyst in Grosvenor Capital Management in Chicago. He later joined MCP Alternative Asset Management, a $6 billion Tokyo-headquartered Investment Advisor (Fund of Funds) in Chicago. He was responsible for sourcing, analyzing and monitoring hedge fund investments, and contributing to portfolio allocation decisions. He
worked alongside institutional clients, all of which were top investment decision makers for some of Japan’s best and largest blue chip financial institutions.
Panayiotis holds a B.S in Business Administration with a concentration in Finance and Marketing from Boston College, and an M.B.A in General Management from Northwestern University’s Kellogg School of Management. Panayiotis is a CFA Charterholder and has earned his Chartered Alternative Investment Analyst (CAIA) designation as well as his Financial Risk Manager (FRM) certification.
Andrew Gitlin, CEO, PAAMCO Launchpad
Andrew Gitlin serves as CEO of PAAMCO Launchpad, building on 25 years experience launching new managers and funds. Previously, Mr. Gitlin served as CEO of AIG’s $3.5B Alternative Investment Division for 10 years. Other roles include: Launching an arbitrage hedge fund which grew to nearly $1B within 18 months; Building an alternative investment business for the GCC in partnership with the government of Dubai; and Launching first US Bank Hedge Fund in 1988.
His experience also includes 6 years with Chase Manhattan Bank Forex division and 2 years in a VC firm.
James Haddaway, CIO and Managing Partner, Satori Alpha and Satori XL
James Haddaway is chief investment officer and managing partner for Satori Alpha, Satori Capital’s alternatives investment platform with more than $650 million in assets under management, and for Satori XL, a program that provides acceleration capital to emerging investment managers. For both Satori Alpha and XL, James identifies and evaluates investment opportunities, with a focus on recognizing the potential for outsized returns with reasonable risk. Drawing on his experience operating a multi-billion-dollar hedge fund, he also provides practical guidance and consultation to Satori’s XL partners.
Prior to joining Satori, James spent five years as a partner at Corriente Advisors, an SEC-registered investment advisor, holding roles including President, Chief Financial Officer, and Chief Operating Officer. He was instrumental in helping the firm scale from $30 million in assets under management to $1.8 billion. He was also integral to the launch and leadership of funds that capitalized on the dislocation in U.S. subprime residential securities. Before joining Corriente, James worked as a corporate banker for both Frost Bank and Regions Financial. He received a B.A. from the University of Texas at Austin in 1994.
James lives in Fort Worth, Texas, with his wife, Shannon, and their three children. An avid outdoorsman, he serves on the board of directors of the Oceanic Preservation Society. He is also a former board member of the Child Studies Foundation and CASA of Tarrant County, and he is past President of the 1883 Council at the University of Texas at Austin.
Tim Barrett, CIO, Texas Tech University Endowment
Mr. Tim Barrett is Associate Vice Chancellor and Chief Investment Officer for Texas Tech University System (TTUS). Mr. Barrett is responsible for day-to-day management of the Endowment Assets and responsible for Investment Strategy and Implementation of the nearly $1.2 Billion endowment and $800 Million in Operating Capital. Mr. Barrett began his relationship with TTUS in April of 2013.
Prior to TTUS, Mr. Barrett served as Director of Pension Investments Worldwide at Eastman Kodak, overseeing more than $16 Billion in aggregate through approximately 77 plans globally. Mr. Barrett began his relationship with Kodak in November of 2010.
Mr. Barrett began his career with San Bernardino County Employees’ Retirement Association (SBCERA) where he worked his way up the organization to become the Executive Director & Chief Investment Officer. Mr. Barrett began his career in 1996 with SBCERA and left in October of 2010.
Mr. Barrett has approximately 22 years of experience as a CIO and has restructured plans around the world within the three pillars of institutional investors- pension, corporate and endowment. He is a published co-author and winner of the Edward D. Baker III Award by the Investment Management Consultants Association for an article entitled “Dynamic Beta – Getting Paid to Manage Risk.” Mr. Barrett is also a member of the inaugural aiCIO Power 100 and has been awarded many awards for managing best of breed plans.
Mr. Barrett is married to his lovely wife, Jo-Anna. They currently reside in Austin, Texas and have two sons.
Rick Lacaille, Global Chief Investment Officer, State Street Global Advisors
Rick Lacaille, Executive Vice President is Global Chief Investment Officer (CIO) of State Street Global Advisors and a member of the firm's Executive Management Group. In his role as Chief Investment Officer Rick has responsibility for all investment management activity at SSGA, including research and trading. Prior to his current role, Rick was Head of Global Active Equities, and previously European CIO. Rick serves on the European and International Executive Committees and the SSGA Investment Committee. Before joining SSGA in 2000, he held a wide variety of posts in quantitative fund management and research at Gartmore Investment Management, including periods as Head of Quantitative Research and Head of Structured Equities.
Rick has a BSc (Hons) in Operational Research from Lancaster University and MSc in Econometrics from London Guildhall University.
Rick is a member of the FTSE Policy Committee and he sits on the Asset Management Committee of the Investment Association. He is a regular writer and broadcaster on investment issues and speaks frequently at industry conferences.
Moderator: Tom Tull, CIO, ERS of Texas
Tom Tull, CFA, is the Chief Investment Officer at the Employees Retirement System of Texas (ERS). Previously, he was a founding partner of Gulfstream Global Investors, Ltd., an SEC-registered
investment adviser specializing in international equity management that was sold to West LB of Germany in January 2001.
Mr. Tull is the former Director - Employee Benefit Fund Investments for The LTV Corporation and also served as President of Western Reserve Capital Management, Inc., the pension asset management subsidiary of The LTV Corporation. In this capacity, he was responsible for the investment of a $1.2 billion retirement trust. This responsibility included the management of a $90 million international equity portfolio and the management of the outside investment manager relationships.
Prior to joining LTV in February 1983, Mr. Tull served for seven years as Director - Pension Investments of The Cleveland-Cliffs Iron Company. He managed an in-house pension fund, introduced international
investing and other diversification policies, and performed a variety of corporate duties. His investment career began in 1971.
While in the private sector, Mr. Tull provided his expertise to ERS as a member of the Investment Advisory Committee to its Board of Trustees. He served in this role for 11 years before joining ERS as the Director of Strategic Research, focused on developing ERS’ hedge fund program and further expanding its investment program.
Mr. Tull received a B.S. in Finance from Ohio State University and an M.B.A. from Xavier University, and is a CFA® charterholder. He also is a member of a variety of financial organizations. Mr. Tull is a U.S. Army veteran.
Panelists:
Paul Ballard, CEO and CIO, Texas Treasury Safekeeping Trust Company
Mr. Ballard joined the Texas Treasury Safekeeping Trust Company in February 2003. As CEO and CIO, he is responsible for the overall operation of the Trust Company and all investment management activities. The Trust Company manages and oversees approximately $50 billion in investment assets including the State Treasury Pool, short-term investments for various state agencies, two local government investment pools, the $2 billion State Water Implementation Fund for Texas (SWIFT), and 13 permanent long-term endowment portfolios totaling approximately $3.5 billion.
Prior to joining the Trust Company, Mr. Ballard was the Executive Administrator and CIO of the Texas Permanent School Fund, a $20 billion endowment benefiting K-12 public education in Texas. In the mid-1990’s, he served as Executive Director of the Kansas City, Missouri Public School Retirement System. Mr. Ballard began his investment management career in 1982 managing a mortgage backed securities and short-term fixed income portfolio for a financial institution in the Midwest.
Paul Ballard holds a BS from the University of Kansas and a MBA from the University of Texas at Austin.
Tim Barrett, CIO, Texas Tech University Endowment
Mr. Tim Barrett is Associate Vice Chancellor and Chief Investment Officer for Texas Tech
University System (TTUS). Mr. Barrett is responsible for day-to-day management of the
Endowment Assets and responsible for Investment Strategy and Implementation of the nearly
one billion dollar endowment. Mr. Barrett began his relationship with TTUS in April of 2013.
Prior to TTUS, Mr. Barrett served as Director, Pension Investments Worldwide at Eastman
Kodak, overseeing more than $16 Billion in aggregate through approximately 77 plans globally.
Mr. Barrett began his relationship with Kodak in November of 2010.
Mr. Barrett began his career with San Bernardino County Employees’ Retirement Association
(SBCERA) where he worked his way up the organization to become the Executive Director &
Chief Investment Officer. Mr. Barrett began his career in 1996 with SBCERA and left in October
of 2010.
Mr. Barrett has approximately 15 years experience as a CIO and has restructured plans around
the world within the three pillars of institutional investors- pension, corporate and endowment.
He is a published co-author and winner of the Edward D. Baker III Award by the Investment
Management Consultants Association for an article entitled, “Dynamic Beta –getting paid to
manage risk”. Mr. Barrett is also a member of the inaugural aiCIO Power 100 and has been
awarded many awards for managing best of breed plans.
Mr. Barrett is married to his lovely wife, Jo-Anna. They currently reside in Austin, Texas and
have two boys that are quickly learning to play football, Texas style!
T.J. Carlson, CIO, Texas Municipal Retirement System
T.J. Carlson, (MBA, CAIA, CTP), is the Chief Investment Officer for the Texas Municipal Retirement system (TMRS) in Austin, Texas. TMRS is a $23 billion statewide retirement system established in 1947 that provides retirement, disability and death benefits for employees of participating Texas municipalities.
Prior to joining TMRS in December of 2013, T.J. was the Chief Investment Officer for the Kentucky Retirement System for three years and before that, a principal at EnnisKnupp.
T.J. also served as Chief Investment Officer and Treasury Director at the Marshfield Clinic in Wisconsin where he oversaw all corporate asset, debt issuance, malpractice insurance assets and the deferred compensation plan.
He also served as CIO for the West Virginia Investment Management Board.