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CloseIn this fireside chat, Corey Hoffstein CEO and CIO of Newfound Research, joined Steve Novakovic to talk all things factors. From the Fama-French three factor model to TPA, the identification and use of factors have evolved and grown over the last several decades. Corey helped investors understand what are factors, why should investors care about factors, how do investors use factors, how do investors get exposure to factors?
Authored by Steven Novakovic, CFA, CAIA
You may know the saying, "the more things change, the more they stay the same." It's a bit of a paradox, but it rings especially true for investors navigating the shifting landscape of private equity post-COVID. While these markets are in a constant state of evolution, they are still just in their early days—like teenagers trying to figure out their place in the world. Despite all the change, we are still at the beginning of this journey, with much to learn and even more to discover.
Keeping Up with VC
I started my career as an analyst creating form scratch a multifamily office, GBS Family office, were I managed portfolios, gave financial and fiscal advise to different high networth families and individuals, renegotiating fees and making financial planning.
In 2007 I moved to A&G as the fund selection director, where I was responsable of the selection of third party funds for over 2 billion euro.
Following an exceptional run in 2021 and early 2022, the SPAC market cooled off through 2023. We are starting to see a return to normalcy and renewed activity with SPACs. In this market check-in webcast, we connected with Nick Skibo of Gritstone Asset Management, Tom Hennessy of Hennessy Capital Growth Partners, and Douglas Ellenoff of Ellenoff Grossman & Schole LLP, to discuss the state of the market for SPACs and the opportunity set for investors.
Alison Nest is a managing director and the head of Alternative Investments for Morgan Stanley Wealth Management based in New York City. She is responsible for the development, sourcing, onboarding and servicing of alternative investments distributed to retail and institutional clients.
I started my professional journey as an civil engineer and evolved for 5 years in the private equity real
estate business after graduating from the ESSEC's Master in Finance based in Singapore. I have always
been passionate about the Private Assets in general and CAIA certification allowed me to complete my
educational background and lever it alongside my professional experience in private equity real estate to
join Lombard Odier since November 2023 as a Private assets distribution specialist.
Founder and CEO of investment consultancy firm, providing
advice to families & endowments > 100 mio EUR freely investable assets, currently overseeing > 7 billion
EUR. Prior worked in Switzerland and Netherlands for ABN AMRO and respectively UBS. Married and
father of 4 children.
Ramdas is a senior investment executive with over 25 years’ experience, working in the US, GCC, Africa,
and Asia regions. He has built a successful track record across asset classes at global blue chip financial
institutions and significant family offices, giving him a unique 360-degree view of the investment
landscape in multiple geographies and industry sectors.
I graduated at Bocconi University in 2012. In the past 10 years I have developed my career in the asset
management divisions of several top financial organizations: Nomura, Societe Generale, Generali, HSBC.
I grew up into the sales area, managing relationships with key Italian clients in the wholesale and
institutional segments. Main product focus on liquid alternative funds, hedge funds and private markets.
My name is Maria Santoro and I’m a product development Manager. I joined Mediolanum International
Funds in 20216 and prior to this I worked in Axa-MPS financial. I have more than 10 years experience
within product development across insurance and Financial Services. In 2021 I qualified as Charter
Alternative Investment Analyst.
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