Opening Plenary Reflections on Winning the Loser’s Game
Monday, February 13 | 8:15am - 9:10am
The investment management business is built upon a simple and basic belief: Professional money managers can beat the market. That premise appears to be false. The most significant change is that institutional investors have become and will continue to be, the dominant feature of their own environment. This change has impacted greatly upon all the major features of the investment field. In particular, institutional dominance has converted market liquidity from a source of profits to a source of costs, and this is the main reason behind the transformation of money management from a Winner's Game to a Loser's Game
Managing Director and Co-Founder, The Tabachnick Oskin Group at J.P. Morgan Securities
Charles D. Ellis
Founder, Greenwich Associates
President & CEO, Jewish Federation of Palm Beach County
Director, Investor Relations , Forester Capital, L.L.C.