Lyster Watson's Marc Freed, Mark Hurrell, and Ben McMillan will visit the CFA Society of Cleveland on Feb. 29 to present Investible Benchmarks & Hedge Fund Liquidity. Their presentation will be based on their opinion that "a lack of commonly accepted benchmarks for hedge fund performance has permitted hedge fund managers to attribute to skill those returns that may actually accrue from market risk factors and illiquidity. Recent innovations in hedge fund replication permit us to estimate the extent of this misattribution. Using an option-based model, we find evidence that hedge fund returns in excess of a benchmark may not even compensate investors for liquidity options they grant to managers when they accept restrictions on their right to redeem their investments. Coupled with the competition from hedge fund replication vehicles, this analysis may motivate hedge fund investors to demand relaxed redemption terms from hedge fund managers."

For more information about Lyster Watson, visit www.lysterwatson.com.

Join us as one of the most charismatic CEOs in the country offers a general company update with commentary on Cleveland targeted toward the investment community.

Chris Connor, CEO & Chairman of The Sherwin-Williams Company, has served as chief executive of this multi-national company for more than 10 years. Perhaps more significantly, he is passionate about Cleveland and helping the community. He has offered his personal guarantee to maintain Cleveland as the headquarter city for The Sherwin-Williams Company. Mr. Connor is heavily involved in the community, serving on the Boards of Directors of the Greater Cleveland Partnership, The Playhouse Square Foundation, the Rock and Roll Hall of Fame, University Hospitals, and the United Way of Greater Cleveland.

The CFA Society of Cleveland is holding this event jointly with the Cleveland Area Alumni Chapter of Beta Gamma Sigma, a non-profit business honor society that provides professional development and educational opportunities to its 9,300 members in Northeast Ohio. These members are accomplished professionals at virtually every major corporation in the region.
 

PNC is proud to sponsor the event in partnership with the CFA Society of Cleveland and Beta Gamma Sigma. PNC is committed to helping tomorrow's community leaders become stronger, better-equipped achievers.

11:45 a.m. - Registration

12:00 p.m. - Buffet Lunch

12:15 p.m. - Opening Remarks then Chris Connor, Featured Speaker

1:00 p.m. - Q&A

1:15 p.m. - Closing and Networking

Special thanks to our sponsor, PNC. 

PARKING  

Parking is available immediately next door, with a walkover bridge to the City Club.  

James R. Boldt: Chairman and Chief Executive Officer

James Boldt is chairman and chief executive officer of CTG. Mr. Boldt joined CTG in 1996 as vice president of finance and chief financial officer, with over 30 years' experience in financial and general management. In 2001, he was appointed president and named to the board of directors; he was appointed chairman in 2002. He has also held the roles of executive vice president and vice president, Strategic Staffing Services, at CTG. Prior to joining the Company, Mr. Boldt served as corporate vice president of finance, secretary, and CFO at Pratt & Lambert United, Inc. He began his career with Deloitte & Touche, where he received his CPA license. Mr. Boldt earned a Master of Business Administration degree with a concentration in finance from Canisius College in Buffalo and an additional concentration in applied information systems design at the State University of New York at Buffalo. He graduated cum laude from Niagara University in Niagara Falls with a bachelor's degree in accounting. Mr. Boldt is a member of the Board of Directors of Sovran Self Storage, a publicly-traded real estate investment trust (NYSE: SSS). He is also a member of the board of the Catholic Health System of Western New York, AAA Western and Central New York and Dunn Tire LLC.

Brendan M. Harrington: Senior Vice President and Chief Financial Officer

Brendan Harrington is senior vice president and CFO for CTG, a position he has held since 2006. After joining CTG in 1994, Mr. Harrington served in a number of key financial positions in the Company's corporate and European operations. He was appointed director of accounting in 2003 and corporate controller in 2005. Prior to joining the Company, he was employed by PriceWaterhouseCoopers from 1988 to 1994. Mr. Harrington holds a bachelor's degree in accounting from Canisius College in Buffalo. He is a certified public accountant and a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. 

CTG Profile

Computer Task Group (NASDAQ: CTGX), headquartered in Buffalo, New York, develops innovative IT solutions to address the business needs and challenges of companies in several higher-growth industries including healthcare, energy, and technology services. As a leading provider of IT and business consulting solutions to the healthcare market, CTG offers hospitals, physician groups, and regional health information exchanges a full range of electronic medical record services. Additionally, CTG has developed for the healthcare provider and payer markets unique, proprietary software solutions that support better and lower cost healthcare. CTG also provides managed services IT staffing for major technology companies and large corporations. Backed by 45 years' experience, proprietary methodologies, and an ISO 9001-certified management system, CTG has a proven track record of delivering high-value, industry-specific solutions. CTG's IT professionals are based in an international network of offices in North America and Western Europe. CTG posts news and other important information on the Web at www.ctg.com.

PARKING

Please note that CFASC luncheon attendees can park in the Huntington Parking Garage for only $5 if they bring their ticket to the speaking venue and get it validated. The garage is located at 947 Chester Avenue, one block north of The Huntington Building.

Agenda:
 

11:30 a.m. Registration opens (remains open all day)
 

12:00 p.m. CFA Program Presentation

For students and non-CFA Charterholders interested in learning more about the CFA Program

4:45 p.m. Keynote Speaker: Thomas Waltermire, CEO of Team Northeast Ohio
Thomas A. Waltermire is Chief Executive Officer of Team Northeast Ohio (Team NEO), the regional private-sector-led economic development organization. Mr. Waltermire utilizes his skills and experience as a business leader to help the region's employers grow here and to recruit medium to large companies in Northeast Ohio. Before joining Team NEO, Mr. Waltermire was Chairman and Chief Executive Officer of PolyOne Corporation headquartered near Cleveland, Ohio. PolyOne was formed when The Geon Company acquired M.A. Hanna Corporation in September, 2000. Waltermire led PolyOne from its formation until October 2005.

5:45 p.m. Cocktail and Networking Reception

CFA Society of Cleveland

cfa@cleveland.cfasociety.org
216-696-8066