Welch College of Business to Host Public Forum for Investors

News Story: May 1, 2009

With the S&P 500 plummeting 58% from its high and media pundits alternating between scenarios of recovery and depression, where can investors look to understand what is really happening? Can investors shelter their capital yet position themselves for recovery?

These questions and more will be answered at a lively panel discussion for investors at Sacred Heart University on Thursday, May 21, in the William H. Pitt Health & Recreation Center Board Room. The event entitled, "Surviving the Economic Crisis," will begin with an opportunity for networking at 5:30 p.m. The panel discussion, which is sponsored by the University’s Jack Welch College of Business, the Stamford CFA Society, and WSHU Public Radio, will begin at 6:30 p.m. The event is free and open to the public.

Panelists include George Bory, managing director and head of credit strategy at UBS Investment Bank; Greg Dyra, managing director of New Legacy Capital; Jonathan Holtaway, chief investment officer of 1st Portfolio Group; Lucjan Orlowski, Ph.D., professor of economics and international finance at SHU’s John F. Welch College of Business; and Vinh Tran, Ph.D., director of alternative investments at Bank of America and author of Evaluating Hedge Fund Performance. The forum will be moderated by Brett Dougherty, principal of Ategra Capital.

George Bory and his team produce the US and European Credit Compass suite of publications at UBS Investment Bank. They provide views on market direction and make relative value recommendations across the investment grade, leveraged finance and structured corporate credit markets. As a strategist, Mr. Bory focuses on relative value between markets and sectors around the world. Prior to his current role, he worked as UBS’s head of European credit strategy. Prior to UBS, he spent eight years at JPMorgan Asset Management as a global bond fund manager. He also spent two years at Fleet Financial Group in the US as a corporate lender. Mr. Bory graduated from Siena College with a B.S. in economics. He completed the London School of Economics' general course and he is a chartered financial analyst.

Gregory Dyra is responsible for sourcing and vetting investment opportunities for New Legacy, a capital advisor servicing family offices and ultra high net worth individuals.  Mr. Dyra is an experienced endowment investment professional and was, most recently, assistant treasurer at Vanderbilt University.  Prior to Vanderbilt, Mr. Dyra directed research at Mistral International, LLC, a fund of hedge funds, and at Summit Strategies Group, Inc., an investment consultant to pension plans, insurance companies, endowments and foundations.  As a portfolio manager and investment analyst at Northwestern University, he oversaw asset allocation modeling for the $3.0 billion endowment and evaluated managers in many asset classes.  As a public accountant at Arthur Andersen, he served investment companies, an ultra high net worth individual and small business audit clients in Hamilton, Bermuda and Chicago. Mr. Dyra earned an MBA from The Kellogg Graduate School of Management and a BBA from Loyola University of Chicago. He has been a Chartered Financial Analyst (CFA) charter holder since 2001. Mr. Dyra founded the MidSouth Alternative Investment Association and is also a member of the New York Society of Securities Analysts (NYSSA), American Institute of Certified Public Accountants (AICPA) and Illinois CPA Society (ICPAS). 

As chief investment officer at 1st Portfolio Holding Corp., Jonathan Holtaway is the fund manager for 1st Portfolio’s bank sector hedge fund.  Recently, he was the managing director and a partner at Danielson Capital, an investment banking company exclusively serving community banks. Beginning in 1992, Mr. Holtaway built his career at Danielson, providing startup, strategic planning, capital, merger and branching advice to banks. He is a member of Rotary International and Viva Vienna, a community festival that raises money annually for more than thirty local charities. He is a graduate of the University of Pennsylvania and the Wharton School of Business with a B.S. in economics and a B.A. in history.

Sacred Heart University’s Dr. Lucjan Orlowski is known for his research which concentrates on monetary policy regimes and their impact on macroeconomic and financial stability in transition and emerging market economies. He has been actively involved with the European Union's eastern enlargement process and the design of monetary and financial integration strategies. He has been an Advisor to the National Bank of Poland and was an Advisor to the Finance Minister of Poland. An author of books and numerous articles, he serves on the editorial board of Comparative Economic Studies, is an associate editor of Emerging Markets Finance and Trade, a regional editor of Journal of Emerging Markets and a guest editor of Open Economies Review and Economic Systems. Since receiving his Ph.D. from the Karol Adamiecki University of Economics in Katowice, Poland, he has taught at his Alma Mater, New York University, the University of Notre Dame and the University of Warsaw.

Dr. Vinh Tran is director of alternative investments at Bank of America; formerly president of Aquarii Capital Management LLC, a long/short equity hedge fund; head of global fixed income at Morgan Stanley Dean Witter; director of international investments at Aetna Life & Casualty; and international assistant treasurer of Sterling Drug Inc.  He earned high acclaim for top investment performance, as cited in Fortune magazine, Morningstar, The New York Times and other publications. He has taught investment at NYU’s Stern School of Business and will return in the fall semester to lecture on investing in a course titled, “2008 Market Crash and Beyond: The Future of America and Investing.” Dr. Tran is the author of two books and is working on his third, Market Upside Down (FT Press/Wharton School Publishing). He earned his MBA and Ph.D. in finance from George Washington University and his undergraduate degrees in accounting and political science, both magna cum laude, from the University of Dalat, Vietnam.

Brett W. Dougherty, CFA, founded Ategra Capital Management in 2001, a hedge fund advisor focused on the banking sector.  He is also engaged in launching Bingo Innovation Systems, a state lottery and casino gaming company. Prior to joining Ategra, Mr. Dougherty managed marketing strategy for Xerox Corporation across a 120-country footprint.  He served for five years as an officer in the United State Navy.  Mr. Dougherty holds an MBA in finance and strategy from Yale University and a BA in International Relations from the University of Pennsylvania. He is a Chartered Financial Analyst (CFA) and is a director and past president of the Stamford CFA Society.