Join us in New York City for our Annual North American Stakeholder Forum. With momentum building across the sector, this year's Forum is themed "Shaping the Next Chapter Together" and will bring senior industry leaders to explore its next chapter of growth and set the agenda for the coming years.
You can expect intimate peer-to-peer discussions focused on growth, opportunity, and practical solutions, alongside thought-provoking fireside chats.
Agenda Outline:
11:00 AM: Registration
11:30 AM: Lunch


Advisory Board Member at BGC Group; Former Assistant to the President & Special Presidential Envoy for Ukraine

1:20 PM: Session One Table Discussions
Exploring evolving approaches to portfolio construction, including beta access, alpha generation, active versus passive management, and the strategic use of leverage.
Discussion Leaders:
Clint Carlson, CEO, Carlson Capital
Derek Drummond, SBAI Trustee; Head of Strategy - Funds Alpha, State of Wisconsin Investment Board (SWIB)
Nick Hartnett, Senior Principal, Co-Head of Absolute Return, Cerity Partners OCIO
Brian Jandrucko, Managing Director, Investments, Church Pension Fund
Christophe L'Ahelec, Managing Director, Head of Public Markets, University Pension Plan Ontario
Bobby McGann, Business Development, Farallon Capital Management
Thomas Prunty, Senior Vice President, Two Sigma Investments
Examining the platformisation of asset management and convergence of public and private markets, including the rise of multi-strategy firms, drivers of industry consolidation, and implications for liquidity, capacity, conflicts, and portfolio construction.
Discussion Leaders:
Mario Therrien, SBAI Trustee; Head of Investment Funds & External Management, Public Markets, La Caisse
Bill Tsotsos, Managing Director, PGIM
Paula Volent, SBAI Trustee; Vice President & CIO, Rockefeller University
Exploring underappreciated investment risks and opportunities, including regime shifts, crowding and liquidity pressures, geopolitical uncertainty, and evolving approaches to portfolio resilience and risk management.
Discussion Leaders:
Tony Caruso, Managing Director, Hedge Funds, UTIMCO
Jonathan Daffron, Head of Managed Accounts, Man Group
Brandon Gil New, Managing Director, Head of External Partnerships, AIMCo
Shikha Gupta, SBAI Trustee; Executive Director, Alternatives, Future Fund
Adam Lane, Senior Managing Director, Blackstone
Chris Schindler, Head of Systematic Strategy, Polar Asset Management Partners
Peter Vaiciunas, Portfolio Specialist, Capital Fund Management
Discussing how to distinguish skill from luck in investment performance, assess true alpha-generating capability, build conviction in managers, and respond when outcomes diverge from expectations.
Discussion Leaders:
Brad Gilbert, Head of External Public Markets, Teacher Retirement System of Texas
Mark Carhart, Founding Partner & CIO, Kepos Capital
William Young, Co-CIO, New Holland Capital
An exploration of how continuation funds and secondary solutions are reshaping liquidity management, governance, and portfolio construction for investors navigating a complex private market environment.
Discussion Leaders:
Mark Attanasio, Director, Absolute Return Strategies, GM Asset Management
Stuart Fiertz, SBAI Trustee; President & Co-Founder, Cheyne Capital Management
Arthur Guimaraes, COO, UC Investments (UCOP)
Brendon Reay, Managing Director, Bush Foundation
Jason Tan, SBAI Trustee; Head of Asia Pacific, Orchard Global
Assessing relative value across public and private markets in the context of the current cycle, structural changes in private credit, and recent market stress.
Discussion Leaders:
Mike Pang, Co-CIO, Tetragon Credit Partners
Tom Sherwood, Co-COO & Head of Business Development, Magnetar
2:35 PM: Coffee Break
3:00 PM: Session Two Table Discussions
Examining the evolving role of AI in investment organizations, including use cases, due diligence, in-house capability building, and vendor selection, alongside questions of portfolio disruption, trust, and data protection.
Discussion Leaders:
Shikha Gupta, SBAI Trustee; Executive Director, Alternatives, Future Fund
Adam Lane, Senior MD, Blackstone
Ryan Teal, Partner, Senior ODD Analyst, Albourne Partners
Tom Sherwood, Co-COO & Head of Business Development
Peter Vaiciunas, Portfolio Specialist, Capital Fund Management
Exploring the evolution and implementation of SMAs, including strategic fit, governance and operational infrastructure requirements, and the potential for operational alpha through enhanced funding, transparency, and risk management.
Discussion Leaders:
Tony Caruso, MD, Hedge Funds, UTIMCO
Jonathan Daffron, Head of Managed Accounts, Man Group
Derek Drummond, Head of Strategy - Funds Alpha, State of Wisconsin Investment Board (SWIB)
Brandon Gil New, MD, Head of External Partnerships, AIMCo
Nick Hartnett, Senior Principal, Co-Head of Absolute Return, Cerity Partners OCIO
Brian Jandrucko, MD, Investments, Church Pension Fund
Joshua Kestler, President, Innocap Investment Management
Christophe L'Ahelec, MD, Head of Public Markets, University Pension Plan Ontario
Bobby McGann, Business Development, Farallon Capital Management
John Richardson, COO & General Counsel, Ionic Capital Management
Exploring the future of leadership and talent in investment organisations, including succession planning, retention and incentives, leadership principles, and strategies for building resilient teams for the long term.
Discussion Leaders:
Clint Carlson, CEO, Carlson Capital
Stuart Fiertz, SBAI Trustee; President & Co-Founder, Cheyne Capital Management
Brad Gilbert, Head of External Public Markets, Teacher Retirement System of Texas (TRS)
Mario Therrien, SBAI Trustee; Head of Investment Funds & External Management, La Caisse
Paula Volent, SBAI Trustee; Vice President & CIO, Rockefeller University
Jennifer Ancker Whelen, Chief Client Officer & Co-Head of Institutional Relations, Graham Capital Management
Discussing scope for consistency in investment reporting and operations, including evolving standards and frameworks, operational complexity, and the role of technology, automation, and data quality.
Discussion Leaders:
Mark Attanasio, Director, Absolute Return Strategies, GM Asset Management
Arthur Guimaraes, COO, UC Investments (UCOP)
Discussing effective manager–investor communication, common frustrations in the allocation process, and how managers can deliver value beyond returns by better meeting information needs and broader investor expectations.
Discussion Leaders:
John-Allan Dacres, Managing Director, Fund of Hedge Funds, La Caisse
Arabella Wuchek, Partner & Relationship Manager, Albourne Partners
Exploring the evolving landscape for emerging managers, including whether scale is now essential, what allocators require for conviction, talent competition, and the operational and cost realities of running an asset management business.
Discussion Leaders:
Sean Feng, CEO, Springs Capital
Jamie Wise, Co-Founder & CEO, Periscope Capital
William Young, Co-CIO, New Holland Capital




SBAI Trustee; Head of Investment Funds and External Management, La Caisse

SBAI Trustee; Co-Founder, President and Director of Research, Cheyne Capital Management
5:00 PM: Concluding Remarks & Refreshments

SBAI Chair; CEO, Martlet Asset Management
Jane is Chief Executive Officer of Martlet Asset Management responsible for firm strategy, organization and performance. Martlet is based in Newport Beach, CA and was founded in July 2018. The firm’s strategies include alternative risk premia and developing liquid strategies with a focus on fixed income.
Prior to this, Ms. Buchan co-founded and led Pacific Alternative Asset Management Company (PAAMCO), a Fund of Hedge Funds focused on institutional investors for 18 years. Under her leadership first as CEO of PAAMCO and then co-CEO of PAAMCO Prisma, the firm grew to $32 billion AUM placing it third globally in the league tables by the time of her retirement in July 2018 (HFM InvestHedge Billion Dollar Club).
Jane began her career at J.P. Morgan Investment Management in the Capital Markets Group where she was trained in quantitative fixed income portfolio management. She has been an Assistant Professor of Finance at the Amos Tuck School of Business at Dartmouth. She recently served as chairwoman of the board for the Chartered Alternative Investment Analyst Association (CAIA) and is a member of the Advisory Board for the Master of Financial Engineering Program at UCLA Anderson School of Management.
Jane holds both a PhD and an MA in Business Economics (Finance) from Harvard University. She earned a BA in Economics from Yale University. Jane has thirty-three years of experience in investment management and portfolio construction with institutional investors.

Advisory Board Member at BGC Group; Former Assistant to the President & Special Presidential Envoy for Ukraine
Lieutenant General Joseph “Keith” Kellogg, U.S. Army (Ret.), is a highly decorated Army General who served as an Assistant to the President and Senior National Security Advisor to President Trump during his first term as well as National Security Advisor to Vice President Pence and until December 2025 as Special Presidential Envoy for Ukraine during his second term.
General Kellogg’s career spans combat operations, senior White House leadership, and executive roles in the defense and international business sectors. A longtime national-security advisor to President Trump, he most recently served as Assistant to the President and Special Presidential Envoy for Ukraine, appointed in November 2024.
During President Trump’s first term, Gen. Kellogg served as Chief of Staff and Executive Secretary of the National Security Council, Acting National Security Advisor in 2017, National Security Advisor the Vice President and senior foreign-policy advisor to the 2016 presidential campaign. His White House service built upon a long military career marked by operational command, strategic leadership, and technical expertise.
Kellogg served two combat tours in Vietnam. Over a 36-year military career, he rose to the rank of Lieutenant General and held critical positions including Commander, 82nd Airborne Division and J-6, Director of Command, Control, Communications, and Computers (C4) for U.S. forces under the Joint Chiefs of Staff. His awards include the Distinguished Service Medal, the Silver Star, and multiple Bronze Stars.
In the private sector, he served on the board of GTSI, held senior roles at Oracle Corporation—including a period on leave during which he served as Chief Operations Officer for the Coalition Provisional Authority in Iraq—and received the Department of Defense Medal for Distinguished Public Service for his contributions to Iraq’s post-war stabilization. He later served as Executive Vice President for Mission Systems at CACI International and held several senior positions at Cubic Defense Applications.

Head of Public Policy, Millennium Management
Samantha DeZur serves as Head of Public Policy for Millennium Management. In this capacity, she plays a leading role in developing and coordinating the firm’s policymaker and political engagement, advocacy efforts, and trade association participation.
Previously, Samantha served in various leadership roles at BlackRock in the US Government Affairs and Public Policy group, including most recently as Managing Director and Head of Regulatory Affairs & Capital Markets Policy. At BlackRock, she focused on a variety of policy issues, including issues related to financial stability, CCP resilience, derivatives, equity market structure, fixed income market structure, digital assets and ‘40 Act funds.
Prior to BlackRock, Samantha served as the Executive Director of the Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce, where she led advocacy efforts on regulatory and legislative issues regarding market structure, asset management and cross-border capital markets issues. Before joining the Chamber, Samantha worked in government relations at the CME Group in Chicago, where she covered policy issues impacting the derivatives market at the state, federal and international levels. Prior to CME Group, Samantha worked at various trade associations in Washington, DC advocating on fixed income and structured finance policy issues.
Samantha holds a Master's degree from Georgetown University and a Bachelor of Arts from the University of Wisconsin-Madison.

President & Chief Investment Officer, Graham Capital Management
Jens Foehrenbach, CFA, is the President and Chief Investment Officer of Graham Capital Management, L.P. (“Graham”), an alternative investment manager with approximately $22.2B AUM as of May 1, 2026. Mr. Foehrenbach oversees and supervises Graham’s discretionary and systematic portfolio manager teams, trading, and research. Mr. Foehrenbach is also a member of the firm’s Executive, Investment, and Risk committees.
Prior to joining Graham, he worked at Man Group from September 2008 to February 2025, most recently as Head of Public Markets within Discretionary Investments at Man Group. Mr. Foehrenbach has served in several capacities for the Man Group during his tenure at the firm, including Chief Investment Officer of Man Solutions and Chief Investment Officer of Man FRM. Prior to joining Man Group, Mr. Foehrenbach worked at Harcourt Investment Consulting AG as Senior Analyst and Head of Relative Value. Prior to Harcourt Investment Consulting AG, he was employed by UBS AG, where he worked on the bank’s fixed income derivatives trading desk in Switzerland and London.
Jens Foehrenbach received a Master’s degree in Business Economics from the University of Basel, Switzerland in 2001.

SBAI Trustee; Executive Director, Alternatives, Future Fund
Shikha Gupta is the Executive Director, Alternatives, at the Future Fund, where she brings over a decade of experience in investment management. In her current role, she oversees the fund’s diverse alternative investment strategies and previously focussed on the portfolio’s Credit exposures.
Shikha serves as a member of the Investment Committee and the Manager Review Committee. Before joining the Future Fund, Shikha was a Principal at Partners Capital in London, where she led public equities research and provided strategic investment advice to institutional and high-net-worth clients. Her career began at the Boston Consulting Group, where she gained extensive experience in management consulting, delivering impactful solutions across various industries.
Shikha holds a Bachelor of Commerce with First Class Honours in Actuarial Studies (Dean’s List) from the University of Melbourne and an MBA with Distinction from INSEAD. She is also a member of SBAI’s Oceania Committee.

Senior Portfolio Strategist, Bridgewater Associates
Steve joined Bridgewater in 2008 and is a Senior Portfolio Strategist in Bridgewater’s Alpha Engine, working closely with Bridgewater's Co-CIOs and partnering directly with some of the world’s most sophisticated pools of capital on their most complex, high-impact investment priorities.
Previously, he was a Senior Investor in Bridgewater’s Global Currencies group, developing insights across developed and emerging markets. He brings deep expertise across global macroeconomics, portfolio structuring, and asset-class research—including currencies, interest rates, commodities, and equities. He is also a contributor and editor for Bridgewater's Daily Observations. In 2025, he was recognized by Institutional Investor as a "Rising Star" in the hedge fund industry.
Steve received a B.A. in Economics and Mathematics from Wesleyan University and an M.S. in Quantitative Finance from Fordham University.

SBAI Trustee; Head of Investment Funds and External Management, La Caisse
Mario Therrien leads CDPQ’s investment funds activities. The teams he oversees invest in private investment funds and credit in private markets, as well as in venture capital in Québec and internationally. They are also responsible for external management in equity markets, as well as developing and managing strategic and institutional relationships. His mandate consists of adding value by building portfolios with the best external managers, while improving in-house management through the sharing of knowledge and expertise. He sits on the Investment-Risk Committee.
Prior to this role, Mr. Therrien was Senior Vice-President and Head of Strategic Partnerships, Developed Markets. He joined CDPQ in 1993 as an Analyst before taking on the role of Portfolio Manager in the group responsible for absolute return activities. Subsequently, he was mandated to develop external management activities in liquid-asset classes.
He holds a Bachelor’s degree in Economics and a Master’s degree in Finance from Université de Sherbrooke. He has also completed the Canadian Securities Course given by the Canadian Securities Institute, and is a CFA charter holder.
SBAI Trustee; Co-Founder, President and Director of Research, Cheyne Capital Management
Stuart Fiertz is the Co-Founder, President and Director of Research of Cheyne Capital. From 1991 to June 2000, and prior to establishing Cheyne Capital, Stuart worked for Morgan Stanley where he was responsible for the development and implementation of customised portfolio strategies and for credit research in the convertible bond management practice.
Prior to joining Morgan Stanley, Stuart was an equity research analyst for the Value Line Investment Survey, and a high yield credit analyst in Boston at Merrill Lynch and in New York at Lehman Brothers. Stuart is a CFA® charterholder and a CAIA designee. He is chairman of the Alternative Credit Council (ACC) and a Founder & Trustee of the Standards Board for Alternative Investments (SBAI). From 2014 until 2020, Stuart was also a council director of the Alternative Investment Management Association (AIMA) board.
Stuart has been awarded the CFA Certificate in ESG Investing. Stuart was educated at the International School of Geneva and at Dartmouth College where he was awarded a BA degree in Political Science and Economics.
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