Event Profile

CAIA Info Series - Demystifying Private Capital Due Diligence with CAIA Seattle & CAIA Minnesota

May 5, 2021
All times listed are in local time
Free Event

CAIA Info Series co-hosted with CAIA Seattle & CAIA Minnesota  
Demystifying Private Capital Due Diligence

New research from CAIA Association suggests that investors place higher emphasis on qualitative factors when performing due diligence on private capital managers, a stark contrast to the quantitative factors typically emphasized with hedge funds and traditional investment managers. This panel will seek to answer the following questions: What are the most important questions to ask during the manager research process? What are the most important qualitative factors to consider? What are some of the biggest differences between performing investment and operational due diligence on liquid strategies vs. illiquid strategies?

This event includes a brief 10-15 minute keynote address by Aaron Filbeck, Director of Global Content for CAIA, providing an overview of the research. Following Aaron will be a panel discussion facilitated by Seattle Chapter Head Chris Carsley that includes Cedric Fan (Russell Investments), Rebecca Kasmin (RBC), and Christine Ritchie (Carleton College Endowment). Our moderator and panelists all offer a different perspective on the Due Diligence process in their current and previous roles.

Please join us to learn more about the topic of alternatives portfolio construction and explore:

• How to determine the appropriate allocation to alternatives
• How to determine sub-asset class mix within an overall alternatives allocation
• Illiquidity
• Portfolio implementation and manager selection
• Dedicated retail products (e.g. non-traded REITs, interval funds, BDCs)

Date & Time:
Wednesday, May 5, 2021
3:00 PM - 4:00 PM PT

Zoom webinar
Details sent upon registration 

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Chris Carsley

Chris Carsley brings over 25 years of investment industry expertise specializing in portfolio management, risk management, valuation, regulatory compliance practices, corporate and venture finance, business operations efficiency, research & analysis, and hedging. Chris is CIO and Managing Partner for Kirkland Capital Group and is responsible for portfolio management, risk assessment, and fund operations for the Kirkland Income Fund, a micro-balance commercial real estate bridge financing fund. Chris is also managing partner at Arch River Capital which manages a seed/angel fund and works to transform and grow small companies. He co-founded the Seattle Alternative Investment Association in 2004 and is Co-head of the executive board of the Seattle CAIA chapter that launched in 2017. He earned his Chartered Financial Analyst (CFA) designation in 1998, Chartered Alternative Investment Analyst in 2011, and holds a BBA from the University of Portland.

Cedric Fan

Based in New York, Cedric Fan is the leads Russell Investments’ hedge fund team. Cedric directly manages or oversees all multi-strategy and single-strategy hedge fund portfolios, which include stand-alone funds as well as custom solutions. Custom solutions are typically designed to complement traditional strategies invested in by multi-asset portfolios that deliver total portfolio solutions to clients. Cedric also oversees the global hedge fund research team, which is composed of analysts in New York, Seattle, and London. The research team establishes and maintains ranks on all hedge fund products that are used in portfolios. Cedric previously worked in manager research, focusing on the full range of Event Driven strategies. Prior to joining Russell Investments in 2004, Cedric worked at Bear Stearns in its risk management group. When he left Bear, he was serving as its first dedicated fixed income prime brokerage risk manager. Cedric began his career at the Federal Reserve Bank of New York.

Aaron Filbeck

Aaron Filbeck serves as Associate Director of Content Development at CAIA Association, where he supports the curation, development, and execution of the organization’s content strategy and CAIA Charter Program curriculum. A demonstrated writer, Aaron has published on topics such as environmental, social and governance (ESG) investing, liquid alternatives, commodities, and asset pricing/factor investing. Prior to his role at CAIA Association, Aaron served as a portfolio manager at The Joseph Group Capital Management, a registered investment adviser (RIA) in Columbus, OH. Here, he oversaw manager research and portfolio construction efforts for $500 million worth of high net worth individuals and institutional retirement plans. Aaron earned a B.S. with distinction in Finance and a Master of Finance from Penn State University. He holds the Chartered Alternative Investment Analyst (CAIA), Chartered Financial Analyst (CFA), and Certificate in Performance Measurement (CIPM)

Rebecca Kamsin

Rebecca has been part of RBC’s Global Manager Research Group since 2014. She focuses on fund due diligence for Private Credit and Private Real Estate funds, following several years covering traditional fixed income funds. Prior to joining Global Manager Research, she spent almost four years at Slocum and Associates. She began on the client side, dedicated to client portfolio management efforts, after which she transitioned to the research side specializing in direct hedge funds. Rebecca started in the financial services industry in 2008 after receiving a B.A. in business with concentrations in finance and marketing from Bethel University in Minnesota. She has earned both the Chartered Financial Analyst and Chartered Alternative Analyst designations. She is a member of the CFA Institute, CFA Society of Minnesota, CAIA Association, And CAIA Minnesota. She serves on the boards of the CFA Society of Minnesota and CAIA Minnesota, as well as the Investment Committee for the College of Saint Benedict.

Christine Ritchie

Christine is the Investment Risk and Operations Manager for the Carleton College Endowment where she focuses on all back office operations for the endowment and manages operational due diligence for the portfolio investments. Prior to joining Carleton, she was the Director of Operations for a Minneapolis based hedge fund. Christine spent fourteen years as a hedge fund risk manager at Goldman Sachs (New York and Hong Kong) and Merrill Lynch (New York). She started her career in public accounting and consulting. Christine received her Bachelor’s and Master’s Degrees in Accounting from the University of Texas at Austin. She is a CFA Charterholder and a CPA (Texas). She is a member of the CFA Institute and the CFA Society of Minnesota and is involved in 100 Women in Finance and Rock the Street, Wall Street. Christine also serves as a Director on the Minnetonka Public School Board.