Alternative Investment Manager Interviews

This session is from the September 2022 Trustee School. Some content may be dated.
 
Session Summary: An increase in interest and target allocations to alternative investments have driven many Georgia Pension Plans to consider an asset class for the first time. This session will discuss the nuances of interviewing alternative investment managers - what questions should be considered to help Trustees understand the risks and rewards of various alternative investment strategies. 
 
Presenters:
Eric Assouad
Director
WP Global Partners, LLC
 
Eric Wilcomes
Co-Founder & Managing General Partner
Taurus Private Markets
 
Panel Moderator:
Frederick Bailey, CRPF™ 
Trustee | Chairman, Investment Committee
City of Savannah Employees' Pension Plan

Credits: This course is worth 1.0 GAPPT CEC (Continuing Education Credit). It also qualifies for 0.1 IACET CEU (Continuing Education Unit).
Instructions: Participants must watch the session video presentation and pass the session assessment to earn GAPPT CECs and IACET CEUs.
Prerequisites: None.
Equipment Requirement: Computer, tablet or smartphone and internet access. To avoid issues, please use Google Chrome as your browser.

Cost: Member Registration: $60.00 / Non-Member Registration: $115.00
 

 

Instructors

Eric Assouad

Mr. Assouad joined WP Global Partnersin 2016. Prior to joining WP Global, Mr. Assouad was a member of the Boston Consulting Group (BCG) management strategy team in Dubai, where he advised on operation, turnaround and post-merger integration projects for financial, technology and governmental organizations. Previously, Mr. Assouad also was involved with strategic investments for Fidelity National Information Services (FIS) in digital finance. Prior to earning his M.B.A., Mr. Assouad amassed over 15 years of software and network technology experience with start-ups as well as Fortune 500 corporations. He held leadership positions in software development, product management and business strategy roles in fintech database, VOIP media, cybersecurity and mobile technologies. Mr. Assouad earned an M.B.A. from the Kellogg School of Management at Northwestern University and achieved Beta Gamma Sigma national honors. He also earned a B.S. degree in Computer Engineering from the University of Michigan.

As a GAPPT presenter, Eric has received information regarding educational instructional methods and adult learning processes.

Eric Wilcomes

Eric is the Co-Founder and Managing General Partner of Taurus Private markets, LLC. Mr. Wilcomes began his private equity career in 1998. Prior to forming Taurus Private Markets, LLC, Eric was a Director and Portfolio Manager - Private Markets Group at DuPont Capital Management. Eric joined DuPont Capital Management in 2002 and during his sixteen-year tenure at the firm, was responsible for sourcing investment opportunities, making partnership investments (both primary and secondary) and co-investments, monitoring existing investments, raising capital from prospective investors, and investor relations.​Prior to joining DuPont Capital, Eric was an Associate with Deutsche Banc Alex Brown. While at Deutsche Banc Alex Brown, Mr. Wilcomes was responsible for performing due diligence on private equity investment opportunities on behalf of the bank and its clients.​Mr. Wilcomes began his career at Ernst and Young where, as a Senior Consultant, he performed forensic accounting services for corporate and private equity clients engaged in merger & acquisition activity. Eric holds a Bachelor of Business Administration from the University of Michigan and a Master of Business Administration from The Wharton School at the University of Pennsylvania.

As a GAPPT presenter, Eric has received information regarding educational instructional methods and adult learning processes.

Frederick Bailey, CRPF™

Frederick J. Bailey currently serves as an appointed citizen Board Trustee and Chairman of the Investment Committee for the City of Savannah Employees Retirement Plan. In this capacity he and his fellow Trustees manage and administer the Cities $470MM defined benefit pension assets.  In 2020, the Plan earned over 15% net of fees.

The Plan covers the 4K+ active and retired uniformed and general employees of the City of Savannah. During his five year tenure on the Board the Fund has grown by over $175MM and has exceeded its 7.25% actuarial rate by over 375 basis points. 

In addition to serving on the Savannah Board Frederick has earned his GAPPT CPPT designation and currently serves on the GAPPT Rules Committee.

In addition to his Board role Frederick also serves as Head of Institutional Investor Relations for Glancy, Prongay & Murray, LLP an LA based law firm specializing in securities, class action and anti-trust litigation. Prior to this, he was Managing Director and Head of the Asset Owner Group for FTSE Russell, North America.

Frederick has 40 years of institutional capital markets experience including Head of Consultant Relations at Citigroup and Global Head of Plan Sponsor Sales at the Bank of New York Mellon.  During his career he has built relationships and executed transactions with 100’s of institutional investors including the City and State of New York, the City of LA and over 35 states or state authorities.

He has spoken on pension and capital markets topics at industry forums including the National Association of State Treasurers, the Government Finance Officers Association, Opal Public Fund Forums, the Southeastern Markets Group and IHS Markets.

Frederick began his career in public service as an elected Alderman and President of the City Council in Burlington, Vermont. He worked with (then) Mayor Bernard Sanders to help make Burlington one of the most livable cities in America as rated by Kiplingers.

He graduated from the University of New Hampshire with a BA in political science and was a 4 year letterman on the Wildcat varsity tennis team. He previously held FINRA licenses 7, 63, 24 and 53 and is currently designated a Certified Retirement Plan Fiduciary™ (CRPF™) by the Georgia Association of Public Pension Trustees.

As a GAPPT presenter, Frederick has received information regarding educational instructional methods and adult learning processes.

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