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Keynotes:

Keynote Speakers

Jake W. Doft

Founder and CEO | Highline Capital Management

In 1995, Jacob co-founded Highline Capital Management, L.L.C., a New York-based investment man­agement firm, where he currently serves as Chief Executive Officer. Highline manages assets primar­ily on behalf of pension funds, university endowments and charitable foundations. The firm, whose unique culture is based on creative thinking, originality, and teamwork, focuses on complex long and short investment opportunities in the public equity markets. Jacob received a B.S., cum laude, from the Wharton School and a M.B.A. from Harvard Business School. He is also a graduate of The Ramaz School. He resides with his wife and five children in New York City.


Paul Hilal

Founder and CEO | Mantle Ridge LP

Paul Hilal is the Founder and CEO of Mantle Ridge LP. Over the past two decades, he has built a strong record as an engaged or activist investor, and as a passive value investor.

Prior to forming Mantle Ridge, Mr. Hilal was a Senior Partner at Pershing Square Capital Manage­ment, where he focused on both passive and activist investing projects. Among these was the success­ful value creation initiative at Canadian Pacific Railway Limited (“CP”). Mr. Hilal identified the potential investment opportunity at CP and recruited railroad legend Hunt­er Harrison to offer his services to CP as a CEO candidate. Following a 2012 proxy campaign that secured seven seats on Canadian Pacific Railway’s board and installed Hunter Harrison as CEO, Mr. Hilal served as a CP Director until January of 2016, when he retired from Pershing Square. At CP, Mr. Hilal chaired the board’s Management Resources and Compensation Committee, served on its Finance Committee, and played an active role supporting the work of the Nominating and Governance committee. He worked closely with Mr. Harrison and the rest of the CP team in an effort that lead to the transformation of CP from the industry laggard to one of the two top-performing Class I railroads in North America, with strong improvements in operating performance, customer service, safety and shareholder value.

Mr. Hilal also played leading roles in Pershing Square’s successful activist investments in Ceridian, a data processing company, and Air Products & Chemicals Inc.


Andrew Left

Founder and Editor | Citron Research

Andrew Left has been publishing Citron Research for 16 years, the longest running short selling newsletter online. During that time Citron Research has exposed more corporate fraud than any non government agency in the world. Andrew’s commentary has expanded to valuations and unsustain­able business models as he is most famously known as one of the short sellers to expose the wrongdo­ings at Valeant Pharmaceuticals. Known for his colorful language and commentary, he is a frequent commentator on CNBC and Bloomberg television. Andrew lives in Beverly Hills, California, with his wife Stephane and 4 children.


Kate Moore

Chief Equity Strategist | BlackRock

Kate Moore, Managing Director, is Chief Equity Strategist for BlackRock and is a member of the Black­Rock Investment Institute (BII). She is responsible for developing global equity market insights and actionable investment advice, as well as representing BlackRock’s market views for Equities - America across all channels. Prior to joining BlackRock, Ms. Moore was the Chief Investment Strategist for the Private Bank at J.P. Morgan and a member of the Global Investment Committee. In this role she set asset allocation and investment strategy for US discretionary multi-asset portfolios and managed a macro equity strategy for private clients. Before joining J.P. Morgan, Ms. Moore was the Senior Global Equity Strategist at BofA Merrill Lynch Global Research. In this role, she was responsible for publishing and marketing macro equity strategy, asset allocation and thematic investment advice for both institutional and individual investors. Prior to BofA ML, Ms. Moore was an Emerging Markets Strategist for Moore Capital Management, where she conducted macro research and developed trade ideas in equity, credit and commodity markets. Prior to Moore Capital, Ms. Moore was a member of the Global Strategy team at Morgan Stanley Investment Management (MSIM), a team which managed several asset allocation funds and published investment research. Ms. Moore began her career as a strategy consultant for both Mitchell Madison Group and Silver Oak Partners. Ms. Moore holds a B.A. in Political and Social Thought from the University of Virginia, and an M.A. in Political Economy from the University of Chicago.


John Phelan

Co-Managing Partner | MSD Capital

Mr. Phelan is Co-Managing Partner of MSD and Co-Founder of the firm. Prior to forming MSD, he was a Principal from 1992 to 1997 at ESL Investments, a Greenwich, Connecticut based investment firm. At ESL, John was responsible for ESL’s Special Situation Investments and helped grow the firm from $50 million to over $2.0 billion in assets under management. Prior to ESL, John was Vice Pres­ident in charge of Acquisitions (Western Region) for the Zell-Merrill Lynch Real Estate Opportunity Funds. John began his career at Goldman, Sachs & Co. where he worked as an Analyst in the Invest­ment Banking Division.

Mr. Phelan received his M.B.A. from Harvard Business School and graduated cum laude with distinc­tion and Phi Beta Kappa from Southern Methodist University with a B.A. in Economics and Political Science. John also holds a General Course degree with an emphasis in Economics and International Relations from the London School of Economics.


Thomas Russo

Managing Member | Gardner Russo & Gardner LLC

Thomas A. Russo joined Gardner Russo & Gardner LLC as a partner in 1989. In 2014 he became the Managing Member of the firm. Mr. Russo manages individual separate accounts and serves as the Managing Member of the General Partner to Semper Vic partnerships. Mr. Russo oversees more than $9 billion through separately managed accounts and Semper Vic partnerships. Gardner Russo & Gardner LLC is a registered investment adviser under the Investment Advisers Act of 1940, and is not associated with any bank, security dealer or other third party. Mr. Russo looks for companies with strong cash-flow characteristics, where large amounts of “free” cash flow are generated. (These in­dustries typically have included food, beverage, tobacco, and advertising-supported media.) Portfolio companies tend to have strong balance sheets and a history of producing high rates of return on their assets. The challenge comes in finding these obviously desirable situations at reasonable or bargain prices.


Eli Samaha

Partner and Director of Research | Newtyn Management

Eli Samaha is currently a Partner and the Director of Research for Newtyn Management, LLC, a hedge fund focused on value investing and special situations. Prior to Newtyn, Mr. Samaha was a Senior Associate at KPS Capital Partners, LP, a private equity firm exclusively focused on industrial turnarounds. He started his career in the Control Distressed Debt division of GSC Group. Mr. Sama­ha holds a BA in Mathematics from Dartmouth College.


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