Bear Stearns' Chief Institutional Strategist, Leo Tilman, to Present at Top Endowment Management Forum.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. M. Tilman, Bear Stearns' chief institutional strategist, will present at the Endowment Management Forum, the premier event of the National Association of College and University Business Officers being held in New York on Jan. 25. Mr. Tilman will discuss the need for asset liability management for endowments looking to increase returns while controlling risk. He will address the concept in the context of global macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. and market trends as well as lessons learned from other industries. "Similar to traditional investment approaches utilized by the U.S. pension industry, management of endowment portfolios usually focuses on issues related to portfolio theory," Mr. Tilman said. "Topics that garner the most attention are diversification, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" transparency, active vs. passive management and alternative asset allocation. I would like the industry to consider whether an asset/liability management approach would benefit their long-term investment results in this low-return environment." Mr. Tilman will give his speech live via videoconferencing from the World Economic Forum in Davos. He was given the distinction of being named one of the forum's Young Global Leaders This is a list of members of the Forum of Young Global Leaders 2006, 2004, by their year of induction. Each member is asked to join the forum for a five year period. Members the first year were identified with one of six categories: Business, Political, Intellectual 2007, an honor that recognizes recipients for their professional accomplishments, their commitment to society and their potential to contribute to shaping the future of the world. Bear Stearns provides integrated capital market solutions and related services to pensions, endowments, and foundations. Through its Pension, Foundation, and Endowment Services, the firm focuses on seamlessly connecting these firms to capital market solutions and comprehensive services they need to maximize fund performance. About Bear Stearns Founded in 1923, The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ) is the parent company of Bear, Stearns & Co. Inc., a leading investment banking, securities trading and brokerage firm. With approximately $66.7 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has approximately 13,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's web site at www.bearstearns.com. |
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