'Delivering Alpha' 2012 Conference Promises Power Brokers and Profits Makers
You might call it Davos on the Hudson.
"Delivering Alpha 2.0," the second annual CNBC-Institutional Investor investment conference, in New York on Wednesday features three U.S. Treasury secretaries, several billionaires and a veritable who's who of the investing world, from private equity firms to hedge funds to real estate.
Much like the inaugural event, the conference comes at a time when private investors and government policymakers are grappling with a host of huge issues facing the global economy that have whipsawed financial markets from New York to Shanghai.
"Delivering Alpha” will attempt to tackle those subjects, joining the world’s foremost money managers with the most influential investors through a series of progressive discussions meant to guide the individual investor.
Treasury Secretary Timothy Geithner is the keynote speaker — he'll also be interviewed by Larry Kudlow of CNBC's"Kudlow Report" — and as a top representative of the Obama administration will no doubt echo on many of the president'spolicy positions.
Former Treasury secretaries Hank Paulson and Robert Rubin will map out “The American Agenda” with CNBC Senior Economics Correspondent Steve Liesman, examining the “fiscal cliff” and various other challenges and opportunities on the economic-political horizon.
Chief among them is the looming fiscal cliff and its impact on the economy and corporate profits.
With Mitt Romney the presumptive GOP candidate in the fall's presidential election, the private-equity industry has been under renewed scrutiny as Americans decide whether the former Massachusetts governor's history as a partner at Bain Capital would be an asset or a handicap in the Oval Office.
Several of private equity's biggest players, including the pre-eminent Henry Kravis of KKR . Kravis, who first brought PE into the spotlight with his firm's trailblazing leveraged buyout of RJK Nabisco 25 years ago, joins "Squawk Box'sAndrew Ross Sorkin for a lunch session discussing Romney's credentials, as well as the evolution of the private-equity industry, the nation’s deficit problem and the EU sovereign debt crisis.
Wall Street will also be under the microscope, in the wake of JPMorgan Chase's“London Whale” trading debacle and Barclays Capital’s Libor-fixing scandal, almost on the second anniversary of the Dodd-Frank Wall Street reform legislation, which was crafted to address some of the industry excesses that contributed to the 2008-2009 financial crisis.
Preet Bharara, U.S. attorney for the southern district of New York, joins “Mad Money's"Jim Cramer for what’s expected to be a lively afternoon discussion on regulatory reform and the ever-changing landscape of the financial services industry and its evolving oversight.
Delivering Alpha 2.0 will also tackle more core issues for investors in what's been a tricky and volatile environment in the past 18 months.
“Squawk Box's" Becky Quick will moderate a panel discussion on today’s global opportunities with rare appearances from Jane Mendillo of Harvard Management Company, Richard Perry of Perry Capital, Mary Erdoes of J.P. Morgan Asset Management and Peter Briger Jr. of Fortress Investment .
For those investors wondering whether the real estate market is safely in recovery mode, “Squawk on the Street”anchor David Faber will drill down with three of real estate’s biggest players — activist investor Bill Ackman of Pershing Square, Jonathan Gray, global head of real estate at Blackstone and Barry Sternlicht of Starwood Capital.
Ackman’s most profitable big bet to date, General Growth Properties, returned 30 times the original principal, earning his firm more than $1.6 billion in 2010, according to a letter to investors.
Gray has led private companies collectively valued over a $100 billion, including Equity Office Properties and Hilton Hotels, while Sternlicht, founder of the Starwood hotel group, has moved aggressively into energy, green and real estate investments since resigning from the firm.