Keynote: Ernest L. Jaffarian
Founder and Chief Executive Officer,
Efficient Capital Management, LLC
Ernest L. Jaffarian is the Founder, and Chief Executive Officer of Efficient Capital Management, LLC. He is a
veteran of over 25 years within the alternative investment industry in the areas of trading, portfolio
construction, and risk management. In 1986 he joined Chicago Research & Trading Inc. (CRT) as a member of
the proprietary trading group on the floor of the Chicago Board Options Exchange and rose to position of
Senior Vice President for OTC Treasury Options. Immediately prior to founding Efficient, Jaffarian was
responsible for the managed futures department of Hull Equity Management, LLC and for the allocation of Hull
Trading Company, LLC’s proprietary capital among trading advisors. Jaffarian is a CAIA® designee and the
author of A Survey of the Managed Futures Industry (2007) and the chapter on Managed Futures in CAIA Level II:
Advanced Core Topics in Alternative Investments (Wiley & Sons, 2009). Jaffarian is currently on the Board of
Directors of the National Futures Association.
Portfolio Manager and Derivatives Strategist,
Eric joined RiverNorth in 2012 and serves as Portfolio Manager and Derivatives Strategist. Eric aids the firm
in optimizing risk while managing the derivatives-oriented portfolios. Prior to joining RiverNorth, Eric was a
partner at Bengal Capital LLC, a multi-asset volatility arbitrage firm. Prior to Bengal, Eric was a senior
trader at Ronin Capital, LLC where he specialized in equity and ETF derivatives. Eric graduated Magna Cum
Laude from the University of Michigan with a B.S.E in Industrial and Operations Engineering and earned his
M.S.E., with honors, in Industrial and Operations Engineering. Eric was enrolled in the Industrial and
Operations Engineering PhD program at the University of Michigan before pursuing his career path with the
Chicago Trading Company on the floors of the Chicago Mercantile Exchange (CME) and Chicago Board Options
Exchange (CBOE). He is a CFA Charterholder and member of the CFA Institute and the CFA Society of Chicago.
Brandywine Asset Management
Michael Dever is the founder of Brandywine Asset Management and author of the best-selling book Jackass
Investing: Don't do it. Profit from it. Brandywine, founded in 1982, is an investment management firm with
experience trading in a broad range of markets, including equities, mutual funds, currencies, and global
futures and commodities. This experience culminated in the launch of Brandywine’s highly-rated Symphony
Program in 2011. The Symphony Program uses Brandywine’s Return Driver based research approach and Predictive
Diversification portfolio allocation model to trade across more than 100 global financial and commodity
markets. Mike has also been a featured subject of three books, Bulls, Bears and Millionaires, Market Beaters
and The Investor's Guide to Hedge Funds.
Founding Principal and Portfolio Manager,
Anthony Rettino is a Founding Principal and Portfolio Manager at Elementum. Tony serves on the firm’s Board of
Managers and as Co-Chairman of Elementum’s Investment Committee and is responsible for portfolio strategy and
construction, investment selection, trading and hedging.Tony is also Director and CEO of Elementum (Bermuda)
Ltd. Prior to Elementum, he co-managed the Reinsurance and Risk-Linked Investments team at Stark Investments
from September 2005 through November 2009. Tony has over 17 years’ experience managing a variety of
reinsurance and risk-linked investment strategies. Tony earned a BBA in Accountancy with high honors from the
University of Notre Dame and an MBA in Finance and Statistics with honors from the University of Chicago Booth
School of Business. Tony is also a Certified Public Accountant (inactive status).
Moderator: Joel M. Schwab, CFA
Hedge Fund Research, Inc.
Mr. Schwab has devoted over a decade of his career to improving the quality and diversity of information and research on
the hedge fund industry. He currently heads up new business development efforts for HFR Hedge Fund Database & Research
Products. He also practiced law in the Corporate Department of the law firm Katten Muchin Zavis in Chicago. He holds a
J.D./MBA from the University of Michigan. Mr. Schwab also holds a Bachelor of Science Degree in Business Administration
from the Walter A. Haas School of Business at the University of California, Berkeley.