Florida Alternative Investment Association
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The Florida Alternative Investment Association (FLAIA) aims to connect and build community among Florida-based alternative investment managers. Its mission is to inform members, advise on policy and industry issues, educate the industry and community, attract businesses, and help members attract capital and grow. The FLAIA plans to achieve its mission through networking events, an association website, educational events, branding and marketing Florida as a center for alternative investments, and partnering with government and economic development groups.
Florida Alternative Investment Association
- 1. The Florida Alternative Investment Association:An Overview of our Shared MissionPresented by the Florida Alternative Investment AssociationJanuary, 2011
- 2. The FLAIA MissionPage-2ConnectCommunity BuildingInformAdviseIndustry & Community EducationPolicy OptimizationBusiness AttractionBrand BuildingCapital AttractionGrowEstablishEnableJanuary, 2011
- 3. Community BuildingPage-3Objective:Provide a forum in which Florida-based Alternative Investment managers can benefit from each others expertise and identify ways in which the FLAIA can help further the objectives of our members.ConnectQuarterly networking events
- 4. Full-featured association website with:
- 6. Member articles / blogs
- 8. Registry of local service providers
- 9. Partnerships with important affiliates
- 10. Managed Funds Association (MFA)
- 11. CFA Institute
- 12. CT Hedge Fund Association
- 13. New York Hedge Fund Round Table
- 14. Mid-Atlantic Hedge Fund Association
- 15. Chartered Alternative Investment Analysts Association
- 17. List of upcoming eventsCommunity BuildingInformAdviseIndustry & Community EducationPolicy OptimizationBusiness AttractionBrand BuildingPolicy OptimizationIndustry & Community EducationBrand BuildingBusiness AttractionCapital AttractionCapital AttractionGrowEstablishEnableJanuary, 2011
- 18. Industry & Community Education Page-4Objective:Provide association members access to the latest news and developments affecting the alternative investment industry as well as play a key role in educating and informing Floridians on the important role that alternative investments can play in Floridas economic future.ConnectMember educational events focusing on:
- 19. Macro-economic trends and trajectories
- 20. Alternative Investment and risk management models and strategies
- 21. The evolving regulatory landscape
- 22. Research tools and service providers
- 23. Operational controls and risk management
- 24. Investor relations and performance reporting
- 25. Community educational events focusing on:
- 26. The alternative investment industrys role in driving job creation across Florida
- 27. VC., P.E., and Hedge Fund enabled business success stories across Florida
- 28. Alternative investments role in increasing public investment fund returns at lower levels of riskCommunity BuildingCommunity BuildingInformAdviseIndustry & Community EducationIndustry & Community EducationPolicy OptimizationBusiness AttractionBrand BuildingPolicy OptimizationBrand BuildingBusiness AttractionCapital AttractionCapital AttractionGrowEstablishEnableJanuary, 2011
- 29. Brand BuildingPage-5Objective:Leverage Floridas pro-business policies, world-class infrastructure, diverse talent base, and attractive lifestyle to establish Florida as a leading center for Private Equity (P.E.), Venture Capital (VC), and Hedge Fund management.ConnectCreation of a cohesive and integrated brand that establishes Florida as a leading center for alternative investment management
- 30. Leverage partner industry groups (MFA, CFA Institute, New York Hedge Fund Roundtable, etc) to establish the Florida alternative industry brand regionally, nationally, and internationally
- 31. Partner with the states Economic Development team to reinforce the states brand as a leading center for alternative investment management
- 32. Leverage broad range of media (print, television, radio, social media, web, etc.) to build and reinforce Floridas alternative investment management brandCommunity BuildingCommunity BuildingInformAdviseIndustry & Community EducationIndustry & Community EducationPolicy OptimizationBusiness AttractionPolicy OptimizationIndustry & Community EducationBrand BuildingBusiness AttractionCapital AttractionCapital AttractionGrowEstablishEnableJanuary, 2011
- 33. Capital AttractionPage-6Objective:Connect Florida-based investment managers and business owners with the sources of capital and assets needed to grow their businesses, invest in innovation, strengthen their regional and international competitiveness, and accelerate job creation across the State of Florida.ConnectExternal capital acquisition road shows (New York, Connecticut, Chicago, Los Angeles, San Francisco, etc)
- 34. Early-stage Angel, P.E., and V.C. business funding pitch sessions
- 35. Entrepreneurial enablement seminars focused on optimizing the funding prospects for early-stage ventures
- 36. Partner with Florida economic development groups to identify targeted investment opportunities in high growth Florida industries and firms
- 37. Identify opportunities to fund ventures that address critical Value Chain gaps in Floridas strategic industry clustersCommunity BuildingCommunity BuildingInformAdviseIndustry & Community EducationIndustry & Community EducationPolicy OptimizationBusiness AttractionBrand BuildingPolicy OptimizationIndustry & Community EducationBrand BuildingBusiness AttractionCapital AttractionGrowEstablishEnableJanuary, 2011
- 38. Business AttractionPage-7Objective:Leverage the FLAIAs access to capital and broad financing expertise to attract both financial and non-financial firms to the State of Florida, as well as acting as a catalyst for growth and increased competitiveness for the states strategic industry clusters.ConnectPartner with FLAIA V.C. and P.E. members to relocate emerging firms and create sustainable jobs within the State of Florida
- 39. Partner with the states Economic Development resources to structure financing necessary to fund business relocation efforts
- 40. Host targeted business attraction road shows in key markets (New York, Connecticut, Chicago, Los Angeles, San Francisco, etc)
- 41. Play key role in recruiting investment managers and other firms that align with the states strategic cluster development strategyCommunity BuildingCommunity BuildingInformAdviseIndustry & Community EducationIndustry & Community EducationPolicy OptimizationBrand BuildingPolicy OptimizationIndustry & Community EducationBrand BuildingBusiness AttractionCapital AttractionCapital AttractionGrowEstablishEnableJanuary, 2011
- 42. Policy OptimizationPage-8Objective:Assist Florida government decision makers in their efforts to establish an alternative investment regulatory framework while ensuring that Florida remains an attractive center for alternative investment management. In addition, significant effort will be made to identify ways in which alternative investment strategies can play an important role in accelerating the states economic growth and job creation efforts.ConnectPartner with governmental decision makers to establish the optimal state-level regulatory framework for the alternative investment industry in Florida
- 43. Partner with public and private pension funds to generate higher yields via targeted use of alternative investment strategies
- 44. Partner with state economic development groups to accelerate the growth of the states strategic industry clusters
- 45. Partner with the Managed Funds Association (MFA) to influence national regulatory issues impacting the Florida alternative investment community Community BuildingCommunity BuildingInformAdviseIndustry & Community EducationIndustry & Community EducationPolicy OptimizationBusiness AttractionBrand BuildingIndustry & Community EducationBrand BuildingBusiness AttractionCapital AttractionCapital AttractionGrowEstablishEnableJanuary, 2011
- 46. The Value of the FLAIA ModelPage-9The FLAIAs mission has been designed to serve the needs of our members and the communities in which we live and work by:Investor MembersFund ManagersFlorida ResidentsCreating a peer-driven forum for Cross-Pollination of alternative investment strategies and risk management best practices
- 47. Providing Insight into Private Equity, Venture Capital, and Hedge Fund strategies structured to capture evolving market opportunities
- 48. Providing an opportunity to play an integral role in strengthening the alternative investment industry within the State of Florida
- 49. Partnering with the FLAIA and peer members to accelerate economic growth and job creation across the state
- 50. Building bridges between alternative investment managers and large sources of capital
- 51. Facilitating capital acquisition efforts by establishing Florida as a leading center for alternative investment management
- 52. Representing Florida-based fund managers perspectives and needs as they relate to Regulatory reform efforts underway within the state
- 53. Improving the breadth and quality of the fund management service provider network within Florida
- 54. Providing a Jump Start to job creation efforts across the State of Florida
- 55. Strengthening the competitiveness and growth prospects of the states strategic industry clusters
- 56. Improving the fiscal solvency of the state, its key agencies, and the 1 MM+ beneficiaries of the Florida Retirement System (FRS)
- 57. Assisting in the creation of a Florida-specific regulatory framework that serves the interests of the investment, investor, and non-investor communityJanuary, 2011
- 58. The FLAIA Board of DirectorsPage-10The FLAIA Management Team*Maurice BerkowerAudit / ControlsMichael CorcelliChairmanAlan FlorezGovernment AffairsJay GouldLegal CouncilJohn RosserCommunity EngagementBret JensenProgram ManagementRainford Knight, Ph.DResearchRichard StraitService ProvidersTom KrasnerAssociation Affiliations *See page 11 for board member biosJanuary, 2011
- 59. Board of Director BiosPage-11FLAIAs Board of DirectorsMaurice BerkowerMr. Berkower brings > 25 years of experience providing accounting, auditing, tax and consulting services to the FLAIA board. He is a Co-Managing Partner of ACSB, LLP, and Co-Founder and Managing Director of Rankin Berkower (Cayman) Ltd. and leads those respective firms national and international financial services practice groups. Maurice has an MBA in Taxation from Bernard Baruch College and a BS in Accounting from Brooklyn College, and is a Certified Public Accountant in the States of New York and New Jersey and in the Cayman Islands and is a member of the American Institute of Certified Public Accountants, New York State Society of Certified Public Accountants, New Jersey Society of Certified Public Accountants and Cayman Islands Society of Professional Accountants.Michael CorcelliMr. Corcelli is the founder of the Florida Alternative Investment Association and has played a critical role in establishing the vision and building the management team for the FLAIA. In addition to his work with the FLAIA, He is a Managing Partner at Alexander Alternative Capital, LLC., based in Miami. Prior to joining Alexander Alternative Capital, Michael worked for UBS AG, where he was responsible for portfolio management and tactical asset allocation for private clients of UBS Global Wealth Management & Business Banking. Michael holds a Bachelor of Science degree from the University of Miami where he studied Business with a focus in Finance. Alan FlorezMr. Florez is executive vice president of Public Risk Insurance Agency, PRIA, a wholly owned subsidiary of Brown & Brown, Inc. Prior to joining Brown & Brown, Florez served as Governor Jeb Bush's deputy director of Legislative Affairs and special assistant. Florez was appointed to the UCF Board of Trustees in 2006 and served until January of 2010. He attended UCF and graduated with a bachelor of science in political science. January, 2011
- 60. Board of Director BiosPage-12FLAIAs Board of DirectorsJay GouldMr. Grould practices in the Corporate & Securities area and is leader of Pillsbury's Investment Funds& Investment Management practice team. He is an acknowledged industry leader in alternative investments oversight, regulatory frameworks, and compliance. Prior to joining the firm, Mr. Gould served as Chief Counsel for E*TRADE Global Asset Management, Inc., Vice President with TransAmerica Life Companies, Senior Counsel to Bank of America NT&SA, and as an attorney with the Securities and Exchange Commission, White & Case LLP, and two other major international law firms. He received his J.D. from Catholic University of America, Columbus School of Law in 1983 and his B.A. from University of Washington in 1978.Bret JensenMr. Jensen is the Chief Investment Officer (CIO) for Simplified Asset Management (S.A.M.) where he has overall responsibility for Portfolio Management and investment selection decisions. Bret has nearly 20 years of experience in the Financial Services Industry where he had held a number of management positions at American Express. Bret brings a wealth of experience managing large, complex programs across diverse stakeholder groups and is responsible for program management and execution for the FLAIA. Bret holds an undergraduate degree from Arizona State University where he majored in Finance.Rainford Knight, Ph.D.Dr. Knight joins the FLAIA from the University of Miami and Florida Atlantic University, where he holds joint professorship positions. In addition to his academic focus, he brings a wealth of applied industry experience, as he is a co-founder and Partner of the Florida Institute of Finance, a consulting and financial services think tank located in West Palm Beach, FL. Dr. Knight also possesses significant applied industry experience in the areas of: Mergers and Acquisition, Venture Capital Investments, Fixed Income Pool Analytics, Hedge Fund Analytics and Portfolio Construction and Asset Allocation. He holds a Ph.D. in Finance from Florida Atlantic University with a doctoral thesis in the area of initial public offerings (IPOs)January, 2011
- 61. Board of Director BiosPage-13FLAIAs Board of DirectorsJohn RosserMr. Rosser is Founder/Convener of Sustainatopia 2011-Miami, Social Venture Capital/Social Enterprise Conference, Miami-2010 and the Sustainable Haiti Conference. He brings a passion and a wealth of experience in education and community building to the FLAIA board. Prior to focusing on sustainable entrepreneurialism, John was the Managing Director of the Sport/Media/Entertainment Division of investment bank Aspen Capital Partners as well as a leader in the establishment of the Gasparilla International Film Festival in Tampa. Johns passion for enabling the development of early-stage ventures comes from personal experience, as he sold his first firm, the worlds largest international MBA job fair, to the Washington Post in 1996. He holds a Masters Degree in International Business Studies from the University of South Carolina.Richard StraitMr. Strait is the founder and Senior Partner of Strait, LLC, a guaranteed broker for Triland USA, Mitsubishi Corporations global futures clearing hub. He has held a number of senior positions across the financial services industry including Metals Marketing Director for NYMEX, and VP of Marketing for ING Barings. Richard has served on the board of the Gold, and Silver Institutes as well as numerous Exchange committees over the years. He currently serves as chairman of the Metro NY chapter of the International Precious Metals Institute, and is on the board of the NIBA (National Introducing Brokers Association). Tom KrasnerMr. Krasner is the co-founder and co-CIO of Concise Capital Management L.P., a Florida-based High-Yield Fixed Income investment fund. He has extensive experience in corporate restructurings, credit analysis, and portfolio management, including substantial hands-on involvement in the workouts of troubled companies. Prior to co-founding Concise Capital Management, Tom held multiple senior industry positions including Executive Vice President atHarch Capital Management and Principal and Portfolio Manager atRiverside Capital Advisers. In addition, Tom currently serves as a Director ofInstitutional Deposits Corporation and Nutritekand has served on the boards ofBirch Telecom, Doe Run Resources, FWT, Sterling Chemicals, and Trism. He also served as the President of the Miami Society of Financial Analysts from 1996 1998. Tom holds a B.A. and M.A. in Economics from Rice University and is a Chartered Financial Analyst.January, 2011
Editor's Notes
- #5: Should also include fund management best practices (resource management, compensation structure, etc.)