Dude, Where's My Alpha?

How Return Decomposition Has Shifted the Definition of Hedge Fund Value

Over the last handful of years, hedge funds have failed to meet investor return expectations yet they continue to charge high fees for what is often beta or factor exposures that are now easily replicable with many off the shelf passively managed investment products. Join us and our keynote speaker, Alec Litowitz, Founder and CEO of Magnetar Capital as we explore this timely and informative topic.

Alec Litowitz, Founder and CEO

Alec is the Founder and Chief Executive Officer of Magnetar Capital, a leading alternative asset management firm with approximately $13.5 Billion in AUM. He also serves as Chairman of the firm’s Management Committee and is co-head of the Investment Committee.

Alec began his financial services career in corporate finance at JP Morgan in New York focusing on the Financial Institutions Group. Prior to founding Magnetar in 2005, he was a Principal at Citadel Investment Group and served as Global Head of Equities and a member of the Management and Investment Committees.

He created and continues to be extensively involved with the Magnetar Capital UChicago Financial Education Initiative, an innovative high school-based financial education program. Since 2012, the initiative has used technology, teamwork and competition to help high schoolers increase their financial literacy. To date, the program is in more than 700 Chicago area high school classrooms and been delivered to more than 14,000 students.

As an athlete and avid outdoorsman, Alec enjoys endurance and adventure races including triathlons and off-road mountain bike competitions. He completed the Perskindol Swiss Epic, a six-day mountain bike stage race with 500 riders in September 2017, the La Ruta de los Conquistadores mountain bike race in 2014, and the Hawaii Ironman in 2004. His interest in competitive sports led him to Dare2tri, a nationally focused non-profit that provides triathlon and single-event training to young people and adults with disabilities, where he serves as Board Chair.

Alec graduated from MIT with a Bachelor of Science in Mathematics and Anthropology and went on to receive a JD and MBA from the University of Chicago. While at MIT, Alec became the first All-American squash player in the school’s history.

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