Wall Street

Mnuchin, top investors to gather as tax reform debate, North Korea raise uncertainty on Wall Street

Key Points
  • A who's who of Wall Street power brokers is congregating in New York for CNBC's Delivering Alpha conference on Sept. 12.
  • Treasury Secretary Steven Mnuchin will discuss tax reform and the debt limit debate.
  • Jamie Dimon, Ray Dalio, Jim Chanos, Julian Robertson and Leon Cooperman are also among the speakers.
Steve Mnuchin
Mike Blake | Reuters

There's plenty of uncertainty in the markets now: What's going to happen with North Korea? What will the United States look like if several more major hurricanes rampage its shores? Will Congress and the president agree to some sort of tax reform? Where can investors generate some alpha today?

Those are only a handful of questions that many investors are grappling with. While investing legends don't have all the answers, they have some. And a who's who of them is congregating in New York for CNBC's Delivering Alpha conference on Sept. 12.

The day will kick off with Treasury Secretary Steven Mnuchin, who has been at the forefront of the debate over tax reform in the United States. He and other members of the so-called "Big Six" negotiators from the administration and Congress have been working on a plan.

Other key areas of focus surrounding Mnuchin's office are the debt limit, additional appointments at the Federal Reserve and the economic outlook for the U.S.

A panel of power brokers with trillions of dollars under management between the four of them will then offer their advice on where opportunities can be found in the market.

Mary Callahan Erdoes, the chief executive officer of JPMorgan Asset Management, will be joined by Marc Lasry, chairman and chief executive officer of Avenue Capital Group. Those two will also speak with chief investment officers Michael Trotsky of the Massachusetts Pension Reserves Investment Management Board and Ashbel Williams of the Florida State Board of Administration.

Some of the Delivering Alpha speakers have been in the news recently. Ray Dalio, the chief investment officer of Bridgewater Associates, has been urging investors to devote 5 to 10 percent of their assets to gold as a hedge to some of the risks in Washington. He is also getting ready to launch a book, "Principles: Life and Work," part memoir and part description of the controversial culture within his hedge fund.

Stephen Schwarzman, the co-founder of private-equity giant Blackstone Group, will be making his first public comments since the Strategic and Policy Forum, the elite group of business leaders that advised President Donald Trump on economic issues, was disbanded. He will also talk about private equity opportunities for his firm and their massive real estate portfolio.

Also in attendance will be Jamie Dimon, the chief executive of JPMorgan, who has become increasingly critical of the administration. He condemned the president's response to the deadly violence in Charlottesville, Virginia, last month. Dimon also recently showed support for immigrants participating in the Deferred Action for Childhood Arrivals program, saying, "We should allow them to stay in the United States." This comment came after Trump announced his intention to end DACA, which protects undocumented immigrants who were brought to the U.S. as children from deportation.

James Coulter, the founding partner of TPG, will be the lunch keynote speaker. Among TPG's multitude of investments is car service provider Uber, which recently went through a tumultuous board battle and naming of a new CEO.

Few know more about delivering alpha than Julian Robertson, who has more than 37 years of investing experience under his belt. He's seen many of the industry's cycles and can talk about many of the recent challenges, including underperformance and pressure on fees.

In addition, there will be a slew of all-star investors.

The conference will feature activists Jeffrey Smith, the chief executive officer of Starboard Value, and Mick McGuire, the founder and managing partner of Marcato Capital, who will provide their ideas on the market.

It will also showcase a panel with Ed Garden, the chief investment officer of Trian Partners, and Ed Breen, the chief executive officer of DowDuPont. That company is a result of the recent combination of Dow and DuPont and now is in the throes of a big battle with investors over what a separation of the company should look like.

And broadly, the conference will showcase investing ideas from legends such as James Chanos, the founder and managing partner of Kynikos Associates and famed short seller, as well as Leon Cooperman, chairman of Omega Advisors.

Tickets to the event can be purchased here.