Arena Investors, LLC (Arena) has hired Marcel Herbst as Partner & Head of Business Development.
Arena is a private investment firm seeking to maximize risk-adjusted returns across a variety of fundamentals-based, asset-oriented investment areas. Managing Member Dan Zwirn has started the process of shaping the firm as he rebuilds an investment business that managed $6 billion in equity capital and $12 billion of assets from 2001-2009. The firm employed 275 people across 15 offices globally.
Herbst had previously been an executive at Swiss-based Harcourt Group, where he was COO & Head of Business Development for US business. In addition, he was Managing Director of Harcourt's joint venture with Weston Capital Management.
Read the full release.
Friday, March 22, 2013
Thursday, March 7, 2013
Dan Zwirn to Speak at Second Annual Stern Hedge Fund Association Conference
Dan Zwirn will be speaking at the Second Annual Stern Hedge Fund Association Conference tomorrow, March 8th 2013. The conference, titled, "Generating Alpha in a Low Growth Environment," will take place from 9:30 am until 6:00 pm.
The Stern Hedge Fund Association (SHFA) exists within New York University's Stern School of Business. Dan Zwirn was added as a member of the SHFA Board of Directors in November, and he will be a speaker at tomorrow's conference. Zwirn's speech is titled "The Global Chaser of Illiquidity; Harnessing Opportunities in 2013 and Beyond."
The conference features some of the most prominent and influential investors and academics in the hedge fund industry. With two panel discussions and several keynote addresses, equity and credit best ideas, hedge fund trends and other topics will be covered.
In addition to Zwirn, prominent speakers include:
Marc Lasry, Co-Founder & CEO, Avenue Capital
Whitney Tilson - Managing Partner, T2 Partners; Co-Founder, Value Investing Congress
Daniel Posner - CIO, Golub Capital
Ezra Zask – Founder and President, SFC Associates
Robert Picard – Senior Advisor to InfraHedge
Javier Di Fiori – Investment Manager, Eton Park Capital Management
Edward Altman – World Renowned Bankruptcy Expert and NYU Stern Professor
Jim Liew - NYU Stern and Johns Hopkins Professor
S. Basu Mullick - Principal and Portfolio Manager, Integre Advisors
Paul Zummo - CIO, JPM Asset Management
Location:
Gardner Commons KMC 1-100
44 West 4th Street, Suite 6-130
New York, NY 10012
More Details
The Stern Hedge Fund Association (SHFA) exists within New York University's Stern School of Business. Dan Zwirn was added as a member of the SHFA Board of Directors in November, and he will be a speaker at tomorrow's conference. Zwirn's speech is titled "The Global Chaser of Illiquidity; Harnessing Opportunities in 2013 and Beyond."
The conference features some of the most prominent and influential investors and academics in the hedge fund industry. With two panel discussions and several keynote addresses, equity and credit best ideas, hedge fund trends and other topics will be covered.
In addition to Zwirn, prominent speakers include:
Marc Lasry, Co-Founder & CEO, Avenue Capital
Whitney Tilson - Managing Partner, T2 Partners; Co-Founder, Value Investing Congress
Daniel Posner - CIO, Golub Capital
Ezra Zask – Founder and President, SFC Associates
Robert Picard – Senior Advisor to InfraHedge
Javier Di Fiori – Investment Manager, Eton Park Capital Management
Edward Altman – World Renowned Bankruptcy Expert and NYU Stern Professor
Jim Liew - NYU Stern and Johns Hopkins Professor
S. Basu Mullick - Principal and Portfolio Manager, Integre Advisors
Paul Zummo - CIO, JPM Asset Management
Location:
Gardner Commons KMC 1-100
44 West 4th Street, Suite 6-130
New York, NY 10012
More Details
 |
| The SHFA Conference Agenda |
Wednesday, February 13, 2013
Robin Hood Foundation Announces More Sandy Relief Grants
The Robin Hood Foundation is an organization that has fought poverty in New York City for over 20 years. Robin Hood seeks out programs that are effective in fighting poverty and supplies them with funds to continue and enhance their missions. With the Board members covering administrative and fundraising costs, 100% of donations to Robin Hood go directly to the New Yorkers who need them.
Robin Hood structure is broken into four influential and effective groups: Advisory Boards, Board of Directors, staff, and the Leadership Council. The Leadership Council is a diverse group of donors who work closely with the board and staff to spread awareness and broaden the poverty-fighting resources. Membership to the Council comes via a personal invitation from the Robin Hood Board. Dan Zwirn is a former member of the Leadership Council. Notable members of the Advisory Boards include Tom Brokaw of NBC News, Doug Morris of Sony Corporation of America, Jon Stewart of Comedy Central and Bob Woodruff of ABC News. The Board of Directors includes Brian Williams of NBC Nightly News, actress Gwyneth Paltrow, and CNN's Jeff Zucker.
With the devastation caused by Hurricane Sandy, the Robin Hood Foundation has been vital in providing funds to groups aiding in the relief effort. Last week, Robin Hood announced a round of grants totaling $10.5 million, increasing the total amount given to $45 million.
The large majority of the grants went towards housing, totaling $8.205 million to groups in New York, New Jersey and Long Island. The rest went towards benefits counseling, food, education and emergency assistant in those same areas.
Robin Hood executive Director David Saltzman said, "Robin Hood is working diligently to get Hurricane Sandy relief funds into the communities that are struggling to rebuild from the storm."
To take action and help Robin Hood, visit their website.
Robin Hood structure is broken into four influential and effective groups: Advisory Boards, Board of Directors, staff, and the Leadership Council. The Leadership Council is a diverse group of donors who work closely with the board and staff to spread awareness and broaden the poverty-fighting resources. Membership to the Council comes via a personal invitation from the Robin Hood Board. Dan Zwirn is a former member of the Leadership Council. Notable members of the Advisory Boards include Tom Brokaw of NBC News, Doug Morris of Sony Corporation of America, Jon Stewart of Comedy Central and Bob Woodruff of ABC News. The Board of Directors includes Brian Williams of NBC Nightly News, actress Gwyneth Paltrow, and CNN's Jeff Zucker.
The large majority of the grants went towards housing, totaling $8.205 million to groups in New York, New Jersey and Long Island. The rest went towards benefits counseling, food, education and emergency assistant in those same areas.
Robin Hood executive Director David Saltzman said, "Robin Hood is working diligently to get Hurricane Sandy relief funds into the communities that are struggling to rebuild from the storm."
To take action and help Robin Hood, visit their website.
Tuesday, January 29, 2013
WRDS in Partnership with Zacks Investment Research
The Wharton School's Wharton Research Data Services (WRDS) has entered into a partnership with Zacks Investment Research, Inc.
WRDS is the leading comprehensive, internet-based data research service. It provides instant access to over 200 terabytes of data across Finance, Marketing, and Economic disciplines. It is the gold standard in business intelligence and is a tool used by 30,000 users in 30 countries.
Zacks Investment Research provides a database of warnings, sales estimates, analyst ratings, price targets and recommendations that help the global financial community construct consensus forecasts earning surprises and analyst track records.
The Wharton press release that announced the partnership provided a quote from the Senior Director of WRDS, Robert Zarazowski. "The Zacks database offers academic and empirical business researchers the ability to analyze historic patterns in analyst behavior and see connections between their actions, a company’s performance and the market as a whole. It’s an important addition WRDS’ already extensive data offerings.”
Started in 1993, WRDS' comprehensive internet-based data research service is used by corporate firms, non-profit institutions, government and academic firms. The Wharton School is the business school at the University of Pennsylvania. Zacks Investment Research is based in Chicago, Ill. and has been the leading provider of research, market data, and quantitative models to institutional investment management firms in the US and Canada for over 30 years.
Dan Zwirn attended the Wharton School from 1989-1993 as part of a dual degree from Wharton and the Moore School of Electrical Engineering. He received a B.S. in economics and a B.A.S. in computer science.
WRDS is the leading comprehensive, internet-based data research service. It provides instant access to over 200 terabytes of data across Finance, Marketing, and Economic disciplines. It is the gold standard in business intelligence and is a tool used by 30,000 users in 30 countries.
Zacks Investment Research provides a database of warnings, sales estimates, analyst ratings, price targets and recommendations that help the global financial community construct consensus forecasts earning surprises and analyst track records.
The Wharton press release that announced the partnership provided a quote from the Senior Director of WRDS, Robert Zarazowski. "The Zacks database offers academic and empirical business researchers the ability to analyze historic patterns in analyst behavior and see connections between their actions, a company’s performance and the market as a whole. It’s an important addition WRDS’ already extensive data offerings.”
Started in 1993, WRDS' comprehensive internet-based data research service is used by corporate firms, non-profit institutions, government and academic firms. The Wharton School is the business school at the University of Pennsylvania. Zacks Investment Research is based in Chicago, Ill. and has been the leading provider of research, market data, and quantitative models to institutional investment management firms in the US and Canada for over 30 years.
Dan Zwirn attended the Wharton School from 1989-1993 as part of a dual degree from Wharton and the Moore School of Electrical Engineering. He received a B.S. in economics and a B.A.S. in computer science.
Wednesday, January 16, 2013
What is TIGER 21?
TIGER 21 (The Investment Group for Enhanced Results in the 21st Century) is a learning network for high net worth investors. The peer-to-peer group of 200 Members collectively manage around $18 billion in investable assets. These Members include CEOs, entrepreneurs, investors and top executives with backgrounds in financial services, real estate, industrial and consumer goods, legal services entertainment and medicine.
Founded in 1999, TIGER 21 has groups across North America in cities such as New York City, Los Angeles, San Francisco, San Diego, Vancouver, Toronto and Montreal. Groups conduct meetings that are confidential and managed by professional facilitators. These meetings provide a forum for relationships between peers who are facing both challenges and opportunities in managing their wealth. With wide-ranging styles and expertise, TIGER 21 says their Members are granted unique insights and value not found elsewhere.
TIGER 21 conducts a presenter program where a speaker from investing, landscape or lifestyle & family speak to the Member Groups. The Groups generally will have one or two speakers a day. Dan Zwirn has previously been a TIGER 21 presenter, lending his investment expertise to the Members.
Some notable headliner presenters have included:
Founded in 1999, TIGER 21 has groups across North America in cities such as New York City, Los Angeles, San Francisco, San Diego, Vancouver, Toronto and Montreal. Groups conduct meetings that are confidential and managed by professional facilitators. These meetings provide a forum for relationships between peers who are facing both challenges and opportunities in managing their wealth. With wide-ranging styles and expertise, TIGER 21 says their Members are granted unique insights and value not found elsewhere.
TIGER 21 conducts a presenter program where a speaker from investing, landscape or lifestyle & family speak to the Member Groups. The Groups generally will have one or two speakers a day. Dan Zwirn has previously been a TIGER 21 presenter, lending his investment expertise to the Members.
Some notable headliner presenters have included:
- Michael Bloomberg: Mayor of New York City and Founder of Bloomberg LP
- Steve Forbes: President and CEO of Forbes
- Newt Gingrich: Former Speaker of the U.S. House of Representatives
- Ted Koppel: Former anchor of Nightline
- Cindy McCain: Chairman of Hensley & Company
- George Mitchell: Former Senator (D-ME), Partner/Chairman of the Global Board of DLA Piper
- Dr. Mehmet C. Oz: The Dr. Oz Show
- T. Boone Pickens: General Partner of BP Capital
- Cal Ripken Jr. Hall of Fame Baseball player, Chairman & Founder, Ripken Baseball, Inc.
- Greta Van Susteren: Journalist and Fox News Correspondent
Wednesday, January 2, 2013
U.S. Averts Fiscal Cliff
Late Tuesday night, the House of Representatives approved a bill that would avert the US from going over the fiscal cliff, thus avoiding automatic tax hikes and spending cuts, which analysts predicted would send the U.S. back into another recession.
After the White House and Senate both approved the bill, it faced its last obstacle in the House of Representatives where it passed in a 257-167 vote. 172 Democrats favored the bill with 16 against, while 85 Republicans voted to pass the bill, with 151 voting against it.
Tax cuts will remain in place for individuals earning less than $400,000 a year and couples earning less than $450,000 a year. It does, however, raise taxes for those making more than those levels respectively. The increase will be from 35% to 39.4%. During his re-election campaign, President Obama had vowed to increase taxes on those making more than $250,000 a year, while Republicans did not want any tax increases. The $400,000 agreement seemingly reflects a compromise by the two sides, which was still heavily opposed by many Republicans, as reflected by the 151 votes casts against the deal by those Republicans in the House. Many of these Republicans cited a lack of spending cuts as a reason for voting against the deal as well.
For wealthy individuals, the deal also raises taxes on capital-gains and dividends (from 15%-20%) and estates (from 35% to 40%).
One aspect of the bill that will affect all Americans is the end to the stimulus rate of the Social Security tax. Americans of all income levels will see that tax increase to 6.2% from 4.2%.
President Obama has said he will sign the bill into law, and world markets reacted positively to the news. Wednesday morning, U.S. stocks jumped quickly after opening.
Despite the resolution, the U.S. faces another "cliff" as the $110 billion in spending cuts just averted, could once again kick in. In two months, the cuts can occur if the U.S. does not increase its borrowing limit.
After the White House and Senate both approved the bill, it faced its last obstacle in the House of Representatives where it passed in a 257-167 vote. 172 Democrats favored the bill with 16 against, while 85 Republicans voted to pass the bill, with 151 voting against it.
Tax cuts will remain in place for individuals earning less than $400,000 a year and couples earning less than $450,000 a year. It does, however, raise taxes for those making more than those levels respectively. The increase will be from 35% to 39.4%. During his re-election campaign, President Obama had vowed to increase taxes on those making more than $250,000 a year, while Republicans did not want any tax increases. The $400,000 agreement seemingly reflects a compromise by the two sides, which was still heavily opposed by many Republicans, as reflected by the 151 votes casts against the deal by those Republicans in the House. Many of these Republicans cited a lack of spending cuts as a reason for voting against the deal as well.
For wealthy individuals, the deal also raises taxes on capital-gains and dividends (from 15%-20%) and estates (from 35% to 40%).
One aspect of the bill that will affect all Americans is the end to the stimulus rate of the Social Security tax. Americans of all income levels will see that tax increase to 6.2% from 4.2%.
President Obama has said he will sign the bill into law, and world markets reacted positively to the news. Wednesday morning, U.S. stocks jumped quickly after opening.
Despite the resolution, the U.S. faces another "cliff" as the $110 billion in spending cuts just averted, could once again kick in. In two months, the cuts can occur if the U.S. does not increase its borrowing limit.
Wednesday, December 19, 2012
Barnard College Holds TEDxBarnardCollegeWomen Event
As a Trustee of Barnard College, Dan Zwirn has been a supporter of Barnard education and events.
Barnard recently held an event on campus known as TEDxBarnardCollegeWomen. The event brought together entrepreneurs, artists and innovators for a series of talks on re-imagining leadership. TED is an organization that operates under the mission of "Ideas Worth Spreading." TED talks originally brought people together from three areas: technology, entertainment and design. It has since expanded its subject matter to broader topics.
TEDxBarnardCollegeWomen was one of 150 TedxWomen events held the weekend of December 1. The TEDxWomen2012 event was held in Washington, D.C. and live-streamed to the Barnard event, which was organized and held by the Athena Center for Leadership Studies.
Barnard President Debora Spar kicked off the event at Barnard by asking what skills women need in leadership. Ten speakers, who were leaders in their fields, followed by answering that question in 15-minute presentations covering the Athena Center's Core10.
Among the speakers were Christa Bell, a feminist theater and performance artist with a poetry-slam championship. She started the series talking about inspiration - the motivating and nurturing of people.
Google statistician, Rachel Schutt, followed Bell explaining advocacy: speaking up for yourself and on behalf of others.
Isisara Bey, the founder of Journey Agent Productions and vice president of programs for Count Me In for Women's Economic Independence, went next, speaking about vision; the development of strategies, decision making and acting with a purpose.
Karen Washington, founder of Black Urban Growers, discussed leverage - optimizing your networks.
Jennifer Gilbert founded her own party planning company and had insight into entrepreneurial spirit - being innovative, imaginative, persistent and willing to change.
Linda Kay Klein spoke of negotiation, which is bridging differences and finding solutions that work effectively for all parties.
Actor/director/playwright, Melissa Maxwell, discussed courage: the willingness to experiment, taking bold and strategic risks.
The remaining topics covered the rest of the Core10:
Barnard recently held an event on campus known as TEDxBarnardCollegeWomen. The event brought together entrepreneurs, artists and innovators for a series of talks on re-imagining leadership. TED is an organization that operates under the mission of "Ideas Worth Spreading." TED talks originally brought people together from three areas: technology, entertainment and design. It has since expanded its subject matter to broader topics.
TEDxBarnardCollegeWomen was one of 150 TedxWomen events held the weekend of December 1. The TEDxWomen2012 event was held in Washington, D.C. and live-streamed to the Barnard event, which was organized and held by the Athena Center for Leadership Studies.
Among the speakers were Christa Bell, a feminist theater and performance artist with a poetry-slam championship. She started the series talking about inspiration - the motivating and nurturing of people.
Google statistician, Rachel Schutt, followed Bell explaining advocacy: speaking up for yourself and on behalf of others.
Isisara Bey, the founder of Journey Agent Productions and vice president of programs for Count Me In for Women's Economic Independence, went next, speaking about vision; the development of strategies, decision making and acting with a purpose.
Karen Washington, founder of Black Urban Growers, discussed leverage - optimizing your networks.
Jennifer Gilbert founded her own party planning company and had insight into entrepreneurial spirit - being innovative, imaginative, persistent and willing to change.
Linda Kay Klein spoke of negotiation, which is bridging differences and finding solutions that work effectively for all parties.
Actor/director/playwright, Melissa Maxwell, discussed courage: the willingness to experiment, taking bold and strategic risks.
The remaining topics covered the rest of the Core10:
- Ambition - Owning your power, expertise and value
- Communication - Active listening, speaking persuasively with authority
- Resilience - Learn from adversity and failure, bounce back
The day was capped by a live stream video of social strategist and author, John Gerzema. He asserted that 2/3rds of men and women in his studies thought the world would be better if men thought more like women; this brought cheers from the audience (Huffington Post).
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