DOCSLIB.ORG

Family Office 2

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Family Office 2 FAMILY August 2015 OFFICE www.bloombergbriefs.com August 2015 Bloomberg Brief Family Office 2 INSIDE Bedrock's Arazi on allocating to equities, hedge funds in a typical family office portfolio. Page 3. UFG favors corporate bonds over equities. Page 4. BY DARSHINI SHAH, BLOOMBERG BRIEF EDITOR Worldwide, there are now more than 14,600 families with at least $100 million in Bonderman’s Wildcat family office is assets — the kind of folks who would start or hire a family office — up 42 percent since backing hedge fund for masses. Page 5. 2008, according to the Boston Consulting Group. When setting up a family office, organizers face a two-fold challenge: building a KKR rolls out Petraeus in $4 trillion hunt diversified portfolio capable of growth, and also figuring out how to pass the wealth on to for family wealth. Page 6. the next generation. Indeed, an estimated $36 trillion is expected to transfer to heirs in U. S. households alone from 2007 to 2061, according to a 2014 study by the Center on Leaving kids $63 million is too much, Wealth and Philanthropy at Boston College. Merrill Lynch says. Page 7. With that in mind, Bloomberg Brief brings you insights from managers about their investment decisions and their outlook for the year ahead. Ariel Arazi, managing partner How Citigroup courts wealthy young and co-founder of Bedrock Group, says he is tilting a typical family office portfolio heirs: Teach them to buy art. Page 8. towards equities and hedge funds and less towards fixed income this year. On the other hand, family office UFG Wealth Management, which caters to Russian clients, says a Inside a billionaire’s family office: Navy "dimmed to dismal" outlook for equities has resulted in the firm allocating most of its Seals, yacht captains. Page 9. portfolio to fixed-income instruments. Also read what advisers are saying about leaving too much money to the next Meryl Streep money stays with Simon generation, and how wealthy young heirs are being prepared for their inheritance. family as SEC grants in-laws. Page 10. Bloomberg Brief: Family Office Bloomberg Brief Managing Editor Contributing Reporters Newsletter Business Manager Jennifer Rossa Margaret Collins Nick Ferris [email protected] [email protected] [email protected] +1-212-617-8925 +1-212-617-6975 Family Office Editor Darshini Shah Jason Kelly Advertising +44-20-3525-0790 [email protected] Adrienne Bills [email protected] +1-212-617-2397 [email protected] +1-212-617-6073 Graphic Designer Rebecca Spalding Pekka Aalto [email protected] Reprints & Permissions +852-2977-6013 +1-212-617-0356 Lori Husted [email protected] [email protected] Sabrina Wilmer +1-717-505-9701 x2204 [email protected] +1-617-210-4676 This newsletter and its contents may not be forwarded or redistributed without the prior consent of Bloomberg. Please contact our reprints and permissions group listed above for more information. © 2015 Bloomberg LP. All rights reserved. Q&A August 2015 Bloomberg Brief Family Office 3 Q&A Bedrock's Arazi on Allocating to Equities, Hedge Funds in a Typical FO Portfolio A: We expect artificial stimulus biased towards event-driven and long- Ariel Arazi, managing partner and co-founder of measures, notably quantitative easing short equity strategies. Increased market Bedrock Group, spoke to Bloomberg Brief's programs, to cause asset price inflation volatility provides a fertile opportunity set Darshini Shah about tilting a typical family office in Europe and Japan. The ECB’s QE for both strategies. portfolio towards equities and hedge funds and program has a long way to run, and Long-short equity managers are less towards fixed income. Bedrock Group was should lead to gains for European benefiting from reduced correlations founded by Maurice Ephrati, David Joory, Sandy equities in the next one to two years. The between stocks, enabling them to Koifman and Arazi in 2004. It oversees $9 billion weak euro and and cheap oil will also be generate more alpha whilst maintaining in assets. supportive. low beta exposure. Event-driven strategies should continue Q: Is Greece a worry? to benefit from a robust pipeline of M&A Q: What is the asset allocation for a A: While Grexit is no more an option in deals, supported by sustained easy typical FO portfolio this year? the short term, we believe that the credit conditions, and distressed A: Our asset allocation currently deviates country’s financial future remains managers have an ample opportunity set from its benchmark primarily in fixed uncertain despite the bailout given its among the assets being sold by income, where the portfolio is continuing reliance on significant European banks as part of their underweight. Allocations to equities and financial bailouts and high existing debt. deleveraging process. hedge funds are broadly in line with the If the situation in Greece were to There is also now considerable benchmark, and the fixed income worsen again, we believe that Europe is divergence between the macro underweight is balanced by cash. For much better prepared than in the past trajectories of the U.S., eurozone, U.K., moderate profiles, we stand at around 40 and that contagion risk is lower. commodity exporters and other percent in equities, 40 percent in fixed countries. We believe that these income and 20 percent in alternative Q: What about China? divergences will provide a rich investments. A: We believe that China is slowing but opportunity set for macro managers and, not breaking and that a soft landing whilst returns will not necessarily be Q: Why are you underweight fixed remains achievable with continuing smooth, they will be uncorrelated from income? enhanced policy support. The country other assets. A: Our fixed income allocation is has the necessary tools to support its unusually far from its benchmark due to economy, with significant reform efforts Q: Do you have any private equity or very low yields and meager return on multiple fronts including key financial real estate exposure? prospects in traditional bonds. In fixed and capital account liberalization. A: It is limited given the poor liquidity of income, we deviate from the benchmark Our exposure to China is mainly those investments and is concentrated in through niche asset classes, which we expressed through our exposure to EM private lending strategies. Our clients classify as 'alternative credit.' This equity managers, which currently do have direct real estate exposure. includes opportunities such as peer-to- have a significant overweight to EM Asia, We also seeded a product leveraging peer lending — a form of consumer including China. long-standing relationships within the credit — and trade finance. Such confidential world of best-in-class strategies offer stable returns of 7 to 10 Q: And you allocate to hedge funds? technology firms that are in their final percent per annum, with minimal A: We are constructive long-term on rounds of private financing before an exit correlation to broader fixed income equities, but expect volatility to persist through IPO or purchase. markets. We also have an allocation to near-term. This should provide a some high yield in Europe, as well as favorable opportunity set for our active Q: What about commodities? exposure to subordinated debt of managers, both in developed and A: We don’t have a dedicated allocation investment-grade companies. emerging markets. to commodities as we don’t have any strong view on the asset class. We do, Q: What about the portfolio's equity Q: What specific hedge fund strategies however, have some exposure to the allocation? do you like? asset class through our macro and A: The portfolio’s equity allocation is A: The hedge fund portfolio is currently commodity trading adviser hedge fund broadly in line with the benchmark, with managers. slight overweights in Europe and Japan and an underweight in U.S. markets. We also maintain our exposure to emerging Age: 47 markets with a small underweight. Education: University of Geneva Family: Married, two children Q: Why are you overweight Europe Hometown: London and Japan? Hobbies: Skiing, art, travel Favorite book: The Kite Runner Favorite restaurant: UNI, London Favorite holiday destination: Verbier Q&A August 2015 Bloomberg Brief Family Office 4 Q&A UFG Favors Corporate Bonds Over Equities issuers — approximately two-thirds — continental Europe. Oksana Kuchura, partner at family office UFG with a third in emerging market corporate Wealth Management, which caters to Russian and sovereign notes. We also Q: How do you cater for that demand? clients, spoke to Bloomberg Brief's Darshini Shah moderately employ derivatives both as A: UFG runs three Luxemburg-based about how a 'dimmed to dismal' outlook for hedges and to enhance returns in a funds, which invest in commercial real equities has resulted in the firm allocating most of difficult market environment. estate both in Russia and Europe and its portfolio to fixed-income instruments. we constantly look at the new Q: Why is such a small part of your opportunities. The current market portfolio in equities? environment in Russia, with the falling Q: How are you catering to wealthy A: Given that markets globally — mainly ruble — makes hard currency Russians this year in terms of their developed countries — face rising investments the most alluring. portfolio allocation? interest rates in the short to medium A: Russian high-net-worth individuals term, our outlook for equities ranges from Q: What is your outlook for the and ultra-high-net-worth individuals face dimmed for developed to dismal for remainder of the year? different challenges — some sold emerging markets. A: Our outlook for the year-end is rising established businesses and started new volatility in emerging market equities and ones, some are reallocating to other Q: Do you invest in alternatives at all emerging markets in general, a jurisdictions, some demand stable cash such as private equity, hedge funds or strengthening U.S.
Load more

Recommended publications
  • One False Move for Years, Investing Legend DAVID BONDERMAN Could Do No Wrong. and Then He Tried to Buy a Utility from Enron. By
    One False Move For years, investing legend DAVID BONDERMAN could do no wrong. And then he tried to buy a utility from Enron. By NICHOLAS VARCHAVER April 4, 2005 (FORTUNE Magazine) – THEY'RE THE KINGS of American business these days. Private equity firms, hedge funds, and their cash-laden ilk have been pulling the levers of capitalism, with investors you've never heard of amassing billions and buying corporate icons like Sears. Among this extremely quiet species, David Bonderman is as dominant as they come. He has earned a reputation as a master dealmaker, a tornado of a man spinning equal parts brilliance, energy, and charm inside his ever-moving vortex. His private equity partnership, Texas Pacific Group, has massive throw-weight. The firm says it has $20 billion under management--a gaudy sum that includes a series of under-the-radar Texas Pacific affiliates in the U.S. and Asia. That war chest puts the firm in the top tier of buyout funds and dwarfs those of raiders like Carl Icahn or even hedge fund upstarts like Eddie Lampert. Just in the U.S., Texas Pacific controls companies with annual revenues of $35 billion. If it were a public company, it would rank at No. 51 on the FORTUNE 500, somewhere between Motorola and Lockheed Martin. Like any private equity firm, Texas Pacific, which is based in Fort Worth and San Francisco, gathers cash from pension funds and wealthy investors and uses it to buy control of companies. What sets it apart from its peers is its reputation for taking on risky, unfixable companies--and then devoting serious resources to fixing them.
    [Show full text]
  • When We Unite
    When We Unite 2020 Gratitude Report Letter from Leadership 2020 was a year unlike any other 02 as a global pandemic took hold, climate change picked up speed, racial injustice reached a new breaking point and a pivotal election consumed the nation. Our Refocused Mission: uniting people 04 to protect America’s wild places But in the face of extraordinary challenges, we understood that backing down wasn’t an option—and that when we unite, we hold the power to build solutions 06 Making Enduring Progress for a flourishing future that’s shared by all. In a critical year when the world felt the full weight of mounting crises, you Solving Urgent Crises 10 showed what it could look like when we come together, find common ground and take bold action to fulfill the promise of public lands for all. 14 Fulfilling the Promise of Public Lands for All 18 Our Supporters 38 Financials 40 The Wilderness Society Action Fund Cover image: Red Cliffs National Conservation Area, Utah Canyonlands National Park, Utah Michelle Craig Benj Wadsworth 1 In particular, we acknowledged Indigenous peoples as the longest 2020: Battling current threats serving stewards of the land and increased our efforts to seek their and charting the course for guidance and partnership in ways that share power, voice and impact. In 2020, we joined forces with more partners than ever before to transformational change ensure that public lands equitably benefit all people, that their potential to help address the great crises facing our nation are After four very challenging years for conservation, hope for a unleashed, and that we unite in a more inclusive and far more powerful sustainable future was renewed in November 2020 by the election conservation movement.
    [Show full text]
  • Annual Report 2017
    IDEAS LEADERSHIP ACTION OUR MISSION 2 Letter from Dan Porterfield, President and CEO WHAT WE DO 6 Policy Programs 16 Leadership Initiatives 20 Public Programs 26 Youth & Engagement Programs 30 Seminars 34 International Partnerships 38 Media Resources THE YEAR IN REVIEW 40 2017-2018 Selected Highlights of the Institute's Work 42 Live on the Aspen Stage INSTITUTIONAL ADVANCEMENT 46 Capital Campaigns 48 The Paepcke Society 48 The Heritage Society 50 Society of Fellows 51 Wye Fellows 52 Justice Circle and Arts Circle 55 Philanthropic Partners 56 Supporters STATEMENT OF FINANCIAL POSITION 90 2017 Annual Report WHO WE ARE 96 Our Locations 98 Aspen Institute Leadership 104 Board of Trustees LETTER FROM DAN PORTERFIELD, PRESIDENT AND CEO A LETTER FROM PRESIDENT AND CEO DAN PORTERFIELD There is nothing quite like the Aspen Institute. It is In the years to come, the Aspen Institute will deepen an extraordinary—and unique—American institution. our impacts. It is crucial that we enhance the devel- We work between fields and across divides as a opment of the young, address the urgent challenges non-profit force for good whose mission is to con- of the future, and renew the ideals of democratic so- vene change-makers of every type, established and ciety. I look forward to working closely with our many emerging, to frame and then solve society’s most partners and friends as we write the next chapter on important problems. We lead on almost every issue the Institute’s scope and leadership for America and with a tool kit stocked for solution-building—always the world.
    [Show full text]
  • The Man Who Built a Billion Dollar Fortune Off Pirates of The
    February 22, 2019 The Man Who Built a Billion‐Dollar Fortune Off ‘Pirates of the Caribbean’ By Tom Metcalf ‘Top Gun’ producer joins Spielberg, Lucas in billionaire club CSI and ‘Pirates of the Caribbean’ franchises drive fortune Johnny Depp as Captain Jack Sparrow and Jerry Bruckheimer Photographer: Mark Davis/Getty Images While the glitz and glamour of show business will be on full display Sunday at the Academy Awards, one of Hollywood’s most successful producers will be merely a bystander this year. Don’t weep for Jerry Bruckheimer, however. The man behind classic acon films like “Top Gun” and “Beverly Hills Cop” has won a Hollywood status far rarer than an Oscar ‐‐ membership in the three‐comma club. While stars sll reap plenty of income, the real riches are reserved for those who control the content. The creaves who’ve vaulted into the ranks of billionairedom remains thin, largely the preserve of household names like Steven Spielberg and George Lucas, who had the wherewithal to enter film producon and se‐ cured rights to what they produced. Bruckheimer has been just as successful on the small screen, producing the “CSI: Crime Scene Invesgaon” franchise. He’s sll at it, with a pilot in the works for CBS and “L.A.’s Finest,” a spinoff of “Bad Boys,” for Char‐ ter Communicaons’ new Spectrum Originals, set to air in May. “Jerry is in a league all of his own,” said Lloyd Greif, chief execuve officer of Los Angeles‐based investment bank Greif & Co. “He’s king of the acon film and he’s enjoyed similar success in television.” The TV business is changing, with a new breed of streaming services such as Nelix Inc.
    [Show full text]
  • 56 Billionaires in Texas See Net Worth Jump $24 Billion Or 10.1% in First Three Months of COVID-19 Pandemic
    FOR IMMEDIATE RELEASE: July 1, 2020 56 Billionaires in Texas See Net Worth Jump $24 Billion or 10.1% in First Three Months of COVID-19 Pandemic Meanwhile State & Local Government Services Face Deep Cuts as Congress Stalls on New COVID-19 Financial Aid Package WASHINGTON—Texas has 56 billionaires who collectively saw their wealth increase by $24 billion or 10.1% during the first three months of the COVID-19 pandemic even as the state’s economy was reeling from a huge spike in joblessness and a collapse in taxes collected, a new report by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS). Three additional newly-minted billionaires joined the exclusive Texas club during the same period. Between March 18—the rough start date of the pandemic shutdown, when most federal and state economic restrictions were in place—and June 17, the total net worth of the state’s 56 billionaires rose from $238.9 billion to $276.3 billion, based on an analysis of Forbes data. Forbes’ annual billionaires report was published March 18, 2020, and the most recent real-time data was collected June 17 from the Forbes website. Fourteen Texas billionaires, including Michael Dell and Richard Kinder, saw their wealth grow by more than 25% during the pandemic period. Over roughly the same time, 2,400,000 of the state’s residents lost their jobs, 96,000 fell ill with the virus and 2,000 died from it. ​ ​ ​ ​ TEXAS BILLIONAIRES MARCH 18 TO JUNE 17, 2020 March 18 June 17 Real Wealth % Growth Net Worth Time Worth Growth in in 3 Primary Income Name (Millions) (Millions) 3 Months Months Source Industry Alice Walton $54,400 $53,307 -$1,093 -2.0% Walmart Fashion & Retail Michael Dell $22,900 $30,090 $7,190 31.4% Dell computers Technology Stanley Kroenke $10,000 $10,040 $40 0.4% sports, real estate Sports Jerry Jones $8,000 $8,060 $60 0.8% Dallas Cowboys Sports Andrew Beal $7,900 $8,798 $898 11.4% banks, real estate Finance & Investments Ann Walton Kroenke $7,900 $7,770 -$130 -1.6% Walmart Fashion & Retail Richard Kinder $5,200 $6,646 $1,446 27.8% pipelines Energy Robert F.
    [Show full text]
  • The Regental Laureates Distinguished Presidential
    REPORT TO CONTRIBUTORS Explore the highlights of this year’s report and learn more about how your generosity is making an impact on Washington and the world. CONTRIBUTOR LISTS (click to view) • The Regental Laureates • Henry Suzzallo Society • The Distinguished Presidential Laureates • The President’s Club • The Presidential Laureates • The President’s Club Young Leaders • The Laureates • The Benefactors THE REGENTAL LAUREATES INDIVIDUALS & ORGANIZATIONS / Lifetime giving totaling $100 million and above With their unparalleled philanthropic vision, our Regental Laureates propel the University of Washington forward — raising its profile, broadening its reach and advancing its mission around the world. Acknowledgement of the Regental Laureates can also be found on our donor wall in Suzzallo Library. Paul G. Allen & The Paul G. Allen Family Foundation Bill & Melinda Gates Bill & Melinda Gates Foundation Microsoft DISTINGUISHED PRESIDENTIAL LAUREATES INDIVIDUALS & ORGANIZATIONS / Lifetime giving totaling $50 million to $99,999,999 Through groundbreaking contributions, our Distinguished Presidential Laureates profoundly alter the landscape of the University of Washington and the people it serves. Distinguished Presidential Laureates are listed in alphabetical order. Donors who have asked to be anonymous are not included in the listing. Acknowledgement of the Distinguished Presidential Laureates can also be found on our donor wall in Suzzallo Library. American Heart Association The Ballmer Group Boeing The Foster Foundation Jack MacDonald* Robert Wood Johnson Foundation Washington Research Foundation * = Deceased Bold Type Indicates donor reached giving level in fiscal year 2016–2017 1 THE PRESIDENTIAL LAUREATES INDIVIDUALS & ORGANIZATIONS / Lifetime giving totaling $10 million to $49,999,999 By matching dreams with support, Presidential Laureates further enrich the University of Washington’s top-ranked programs and elevate emerging disciplines to new heights.
    [Show full text]
  • Lawyer Fall 2016
    161882_Cover_TL-25coverfeature.qxp 9/15/16 8:12 PM Page CvrA TULANE UNIVERSITY LAW SCHOOL TULANE VOL.32–NO. 1 LAWYER FALL 2016 CHARMS CHALLENGES& ALUMNI IRRESISTIBLY PULLED BACK TO NEW ORLEANS ALSO INSIDE BLOGGING PROFESSORS LAW REVIEW CENTENNIAL DIVERSITY ENDOWMENT 161882_Cover_TL-25coverfeature.qxp 9/15/16 8:12 PM Page CvrB THE DOCKET 1 FRONT-PAGE FOOTNOTES 13 2 DEAN MEYER’S MEMO 3 BRIEFS 5 REAL-WORLD APPS Hands-on Learning 7 WORK PRODUCT Faculty Scholarship FOUR FIVE NEW PROFESSORSHIPS AWARDED. FACULTY TEST IDEAS THROUGH BLOGGING. SCHOLARLY WORK SPANS THE GLOBE. 13 CASE IN POINT CHARMS & CHALLENGES Alumni irresistibly pulled back to New Orleans 22 LAWFUL ASSEMBLY Events & Celebrations 27 RAISING THE BAR Donor Support NEW GRADS PROMOTE DIVERSITY. NEW SCHOLARSHIPS IN LITIGATION, BUSINESS, CIVIL LAW. GIFT ENHANCES CHINA INITIATIVES. 39 CLASS ACTIONS Alumni News & Reunions TULANE REMEMBERS JOHN GIFFEN WEINMANN. RIGHT: The 2016-17 LLMs and international students show their Tulane Law pride. Update your contact information at tulane.edu/alumni/update. Find us online: law.tulane.edu facebook.com/TulaneLawSchool Twitter: @TulaneLaw bit.ly/TulaneLawLinkedIn www.youtube.com/c/TulaneLaw FALL 2016 TULANE LAWYER VOL.32–NO.1 161882_01-2_TL-25coverfeature.qxp 9/15/16 7:19 PM Page 1 FRONT-PAGE FOOTNOTES CLASS PORTRAIT TULANE LAW SCHOOL CLASS OF 2019 198 students 100+ colleges/universities represented 34 U.S. jurisdictions represented THE CLASS OF 2019 INCLUDES: A speechwriter for a South American country’s mission at the United Nations age range 20–52
    [Show full text]
  • Speaker Biographies
    SPEAKER BIOGRAPHIES Christopher T. Bavitz Christopher T. Bavitz is the WilmerHale Clinical Professor of Law at Harvard Law School, where he co-teaches the Counseling and Legal Strategy in the Digital Age seminar and teaches the seminar, Music & Digital Media. He is also Managing Director of HLS’s Cyberlaw Clinic, based at the Berkman Klein Center for Internet & Society. And, he is a Faculty Co-Director of the Berkman Klein Center. Chris concentrates his practice on intellectual property and media law, particularly in the areas of music, entertainment, and technology. He oversees many of the Clinic’s projects relating to copyright, speech, advising of startups, and the use of technology to support access to justice, and he serves as the HLS Dean’s Designate to the Harvard Innovation Lab. Prior to joining the Clinic, Chris served as Senior Director of Legal Affairs for EMI Music North America. From 1998–2002, Chris was a litigation associate at Sonnenschein Nath & Rosenthal and RubinBaum LLP / Rubin Baum Levin Constant & Friedman, where he focused on copyright and trademark matters. Chris received his B.A., cum laude, from Tufts University in 1995 and his J.D. from University of Michigan Law School in 1998. Gabriella Blum, ’03 Gabriella Blum is the Rita E. Hauser Professor of Human Rights and Humanitarian Law at Harvard Law School, specializing in public international law, international negotiations, the law of armed conflict, and counterterrorism. She is also the Faculty Director of the Program on International Law and Armed Conflict (PILAC) and a member of the Program on Negotiation Executive Board.
    [Show full text]
  • Cruise Ship Owners/Operators and Passenger Ship Financing & Management Companies
    More than a Directory! Cruise Ship Owners/Operators and Passenger Ship Financing & Management Companies 1st Edition, April 2013 © 2013 by J. R. Kuehmayer www.amem.at Cruise Ship Owners / Operators Preface The AMEM Publication “Cruise Ship Owners/Operators and Passenger Ship Financing & Management Compa- nies” in fact is more than a directory! Company co-ordinates It is not only the most comprehensively and accurately structured listing of cruise ship owners and operators in the industry, despite the fact that the majority of cruise lines is more and more keeping both the company’s coordinates and the managerial staff secret. The entire industry is obtrusively focused on selling their services weeks and months ahead of the specific cruise date, collecting the money at a premature stage and staying almost unattainable for their clients pre and after cruise requests. They simply ignore the fact that there are suppliers and partners around who wish to keep in touch personally at least with the cruise line’s technical and procurement departments! The rest of the networking-information is camouflaged by the yellow-pages industry, which is facing a real prospect of extinction. The economic downturn is sending the already ailing business into a tailspin. The yellow-pages publishers basically give back in one downturn what took seven years to grow! Cruise Ship Financing It is more than a directory as it unveils the shift in the ship financing sector and uncovers how fast the traditional financiers to the cruise shipping industry fade away and perverted forms of financing are gaining ground. Admittedly there are some traditional banks around, which can maintain their market position through a blend of sober judgements, judicious risk management and solid relationships.
    [Show full text]
  • Charles H. Baker Partner
    Charles H. Baker Partner New York D: +1-212-326-2121 [email protected] Charles Baker is Co-Chair of O’Melveny’s Sports Industry Group. Admissions Chuck’s corporate practice encompasses mergers and acquisitions, private equity, and venture capital transactions, with Bar Admissions a core focus in the sports, media and consumer sectors. New York Chuck has represented buyers and sellers of sports franchises in the National Football League, National Basketball Association, Education National Hockey League, Major League Baseball, Major League Cornell University, J.D. Soccer, National Women’s Soccer League and many of the European football leagues. Recently, Chuck represented David Tepper, founder and president of global hedge fund Appaloosa Management, in his acquisition of the NFL’s Carolina Panthers and Charlotte FC, MLS’s 30th expansion team. Chuck has been featured by dozens of national publications and other media outlets as a thought leader in the fields of sports and entertainment law, and is also a frequent public speaker on those topics. Most recently, Law360 named Chuck to its 2020 list of Sports & Betting MVPs. The American Lawyer named Chuck to its prestigious 2019 “Dealmakers of the Year” list and he was also profiled in Variety’s 2018 and 2017 “Dealmakers Elite New York,” a feature spotlighting the most important players in the fields of law, finance, representation, and executive leadership. Chuck has been recognized nationally for sports law in the last six editions of Chambers USA: America’s Leading Lawyers for Business, which has described him as a “very strong practitioner” who is “well connected, incredibly bright and just able to get the deal closed” with “tremendous experience and know-how in the sports space.” O’Melveny & Myers LLP 1 He was also recognized by Law360 in 2015 and 2016 for his stellar M&A and sports law work, and by the Global M&A Network for his work on the sale of the Atlanta Hawks NBA team, naming it the “2015 USA Deal of the Year” at its prestigious M&A Atlas Awards.
    [Show full text]
  • Hockey's Here Alumni Quantum Leap a Major UW Libraries Moving
    The Note Taker Ron Chew’s observations preserve memories for communities of color Hockey’s Here Alumni bring NHL to Seattle p26 Quantum Leap A major computer revolution p34 UW Libraries Moving resources online p40 Rural Nursing Leticia Rodriguez, ’19, is one of those rare access to primary and preventive care, clinicians who choose to return to work they have shorter lives and are less likely in the rural community where they grew to survive a major health event like a heart up. The nurse practitioner moved her attack or stroke. In Washington, more than family back to Yakima two years ago when a million people—14% of the state’s pop- she joined the Children’s Village as a de- ulation—live in rural communities. velopmental-behavioral specialist. Some Because evidence shows that students of her patients come from very rural areas who train in rural settings are likely to of Central Washington where there are return to those or similar communities, no health-care providers. Premera Blue Cross has granted the UW Rodriguez sees a growing demand for $4.7 million to lead a program placing medical services in her community. So nursing students in rural practices through- does the UW. A National Rural Health out Washington. Through the Rural Association study found that residents in Nursing Health Initiative, 20 students rural areas face worse health outcomes each year over the next four years will find than their urban counterparts. With less clinical placements. Photo by Dennis Wise OF WASHINGTON WASHINGTON OF RURAL NURSING SPRING 2021 1 Trust.Whittier.
    [Show full text]
  • Connecting Real Estate Investment Vehicles to Global Capital Sources US Real Estate Direct & Co- Investment Meeting West WEBINAR
    Connecting Real Estate Investment Vehicles to Global Capital Sources US Real Estate Direct & Co- Investment Meeting West WEBINAR ZOOM WEBINAR Tuesday - March 17, 2020 US Real Estate Direct/Co-Investment Meeting West WEBINAR ZOOM WEBINAR– March 17, 2020 Dear Colleague, It is with great pleasure that I invite you to join The US Real Estate Direct & Co-Investment Meeting West WEBINAR. Originally, this was an in-person conference that was to be held at The Ritz-Carlton San Francisco on March 17th but due to the global health concern and the safety of our valued clients, we decided to turn this digital for now and will plan to have an in-person conference with the date to be announced shortly. We appreciate your support and flexibility during these difficult and uncertain times. The aim of this Webinar is to introduce direct investment and co-investment opportunities to Limited Partners that are actively looking to diversify their capital across all real estate related asset classes. Our WEBINAR brings together the most important real estate investment vehicles, institutional allocators and private wealth investors that are actively allocating in this space. Over 500 of the leading US based private equity real estate funds, institutional investors and other real estate and finance professionals will come together to learn and discuss investment opportunities, allocations, and the performance of all real estate related asset classes. We look forward to hosting you digitally! Best, Roy Carmo Salsinha President, CEO Carmo Companies By the Numbers…
    [Show full text]