2005 Columbia Investment
Management Conference

Welcome | Agenda | Speakers | Panels | Sponsors | Registration | Travel 


Steve Galbraith – Principal, Maverick Capital
Steve Galbraith joined Maverick Capital from Morgan Stanley where he served as a Managing Director and Chief U.S. Investment Strategist. As Chief Investment Officer for the U.S. Equity Research Department he was responsible for leading Morgan Stanley's strategy effort in fundamental, quantitative and technical analysis. Mr. Galbraith's work has consistently been recognized in various Wall Street analyst polls, including a No. 1 ranking in the Institutional Investor All America Research Team poll in 2002 and 2003. Previously he had been a Partner at Sanford Bernstein where he had covered the packaged foods sector and later the securities industry. He had also been a highly ranked analyst in both industries. Prior to joining Bernstein, Mr. Galbraith spent time with Chase Manhattan working in various locations including the U.K., Hong Kong, Latin America and New York.

Mr. Galbraith has been (and continues to be) an Adjunct Professor at Columbia University Business School, where he teaches securities analysis.

Mr. Galbraith graduated Summa Cum Laude from Tufts University where he was elected to Phi Beta Kappa. He holds degrees in both economics and English. [top]

Cliff Greenberg - Senior VP and Portfolio Manager, Baron Capital

Cliff Greenberg was born and raised on Long Island. He went to Cornell University and received his Bachelor of Arts degree in 1981. He then went to law school at Columbia University and received his J.D. degree in 1984. As a boy, Mr. Greenberg became interested in the stock market by working for his grandfather's firm, David J. Greene and Company and on the floor of the New York Stock Exchange. While in law school, Mr. Greenberg studied securities analysis with Jim Rogers. Upon graduation from Columbia, Mr. Greenberg chose to pursue a career in investment management as opposed to the law.

My Greenberg worked at HPB Associates, a New York-based investment partnership, from 1984 till 1996. He functioned as a security analyst and fund manager, and became a General Partner in 1991.

In January, 1997, Mr. Greenberg joined Baron Capital. Mr. Greenberg and Ronald Baron (Chairman and CEO of Baron Capital) had been friends for over 10 years and often invested in the same companies. Mr. Greenberg started as a Senior Analyst on the investment team at Baron and took on the additional responsibilities of Portfolio Manager of Baron Small Cap when it was launched in October 1997.

Mr. Greenberg shares the same investment ideals as Mr. Baron- to invest in small companies that we believe have big opportunities; to invest in businesses that he understands; to invest only with executives he respects and trusts; and to invest for the long-term, hoping to make large returns.  [top]

John A. Gunn - President and Chief Investment Officer, Dodge & Cox, Investment Managers
Mr. Gunn joined the firm in 1972 and is now a Trustee of the Dodge & Cox Funds and a member of Dodge & Cox’s Investment Policy Committee, Bond Strategy Committee, and International Investment Policy Committee. He is a shareholder of the firm, a Chartered Financial Analyst, and a Chartered Investment Counselor.

Mr. Gunn, a former member of the Board of Governors of the Association for Investment Management and Research from 1993 to 1996, also served on Governor Pete Wilson’s Council of Economic Advisors from 1993 to 1998. He is currently a member of the Advisory Council for the Stanford Institute for Economic Policy Research and is Chairman of the Board of Trustees of Castilleja School.

He earned his undergraduate degree from Stanford University in 1966 and received his MBA from Stanford Business School in 1972.

Mr. Gunn and his wife, Cynthia Fry (a graduate of Stanford, Class of 1970) reside in Palo Alto, California. Their daughter, Lisa, graduated from Castilleja School, and their son, Matthew, graduated from Stanford.  [top]

Ron Gutfleish– Managing Member, Elm Ridge Capital
Ron Gutfleish is the Portfolio Manager and managing member of Elm Ridge Capital. Previously, he was at Omega Advisors and was a Managing Member and Chief Investment Officer at HPB Associates, a value-based equity hedge fund. Prior to joining HPB, he was a Managing Director at Goldman Sachs Asset Management. At Goldman Sachs, he was the Head of the Active Value team, the Senior Portfolio Manager for the Broad Market and MidCap institutional strategies, as well as the Growth and Income and Balanced mutual fund strategies, which he co-founded in 1993. By the time he left Goldman, these products had reached $6 billion in assets. Formerly, he was a partner at Sanford C. Bernstein & Co., Inc. in the Investment Management Research Department (and was the only analyst member of the Research Review Committee). Mr. Gutfleish was previously employed by Value Line as an insurance analyst. Mr. Gutfleish graduated magna cum laude from Brown University in 1981 in Applied Math/Economics and received his Ph.D. from the University of California Berkeley in 1987.  [top]

Li Lu '96 – Founding Partner and Portfolio Manager, Himalaya Capital
Li Lu was born in 1966 and raised in China. In 1989, he became one of the principle student leaders during the Tiananmen Demonstration. Subsequently, he escaped from China and came to the United States later that year.

From 1990 to 1996, Li Lu attended Columbia University and became one of the first students in the history of the University to receive three degrees simultaneously: a B.A. in Economics from Columbia College, a J.D. from Columbia Law School, and a M.B.A. from Columbia Business School. Li Lu is the author of the book Moving the Mountain. Scenes from the book were subsequently included in a feature length documentary film.

Upon graduation, Li Lu worked in the investment banking community until late 1997, when he founded Himalaya Capital, which from 1998 to 2004 managed both a hedge fund and a venture capital fund dedicated to public and private global investments. In late 2004, he transformed the hedge fund into a long only investment vehicle, LL Investment Partners, LP, which is currently focused on international investment opportunities.

Li Lu serves on the board of directors of multiple companies, also sits on the Board of several non-profit organizations. His awards and honors include World Economic Forum's Global Leaders for Tomorrow for 2001; Term Member of the Council on Foreign Relations; The Aspen Institute's Henry Crown Fellows; the Raoul Wallenberg Human Rights Award from the Congressional Human Rights Foundation; the Reebok Human Rights Award; and he is a member of the Young Presidents Organization. [top]  

Steve Mandel – Founder, Lone Pine Capital
Steve Mandel is the founder of Lone Pine Capital, a long/short equity money manager, which he started in 1997. Prior to founding LPC, Mr. Mandel was senior managing director and consumer analyst at Tiger Management Corporation (1990-1997), mass-market retailing analyst at Goldman, Sachs (1984-1990) and senior consultant at Mars and Company (1982-1984). Mr. Mandel graduated from Philips Exeter Academy (1974), Dartmouth College (1978) and Harvard Business School (1982). He is a trustee of The Children’s School in Stamford, Connecticut and Philips Exeter Academy. He is also a founder and board member of the Lone Pine Foundation, whose mission is to help children and families in the greater New York City area.  [top]

 

 

Michael Mauboussin – Chief Investment Strategist, Legg Mason Capital Management Group
Michael Mauboussin joined the Legg Mason Capital Management Group as chief investment strategist in March 2004. Prior to joining Legg Mason, Mr. Mauboussin served as managing director and chief U.S. investment strategist at Credit Suisse First Boston. Mr. Mauboussin joined CSFB in 1992 as the packaged food industry analyst. He is a former president of the Consumer Analyst Group of New York and was repeatedly named to Institutional Investor’s All-America Research Team and the Wall Street Journal All-Star survey in the food industry group.

Mr. Mauboussin co-authored “Expectations Investing: Reading Stock Prices for Better Returns,” published by Harvard Business School Press. He has also been an adjunct professor of finance at Columbia Business School since 1993. BusinessWeek’s Guide to the Best Business Schools (2001) highlighted Mr. Mauboussin as one of the schools “Outstanding Faculty,” a distinction received by only seven professors. In 2004, SmartMoney magazine named Mr. Mauboussin as one of its Power 30, a list of “the most influential people on Wall Street”.

Mr. Mauboussin is on the Broad of Trustees at the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory. He received a B.A. in government from Georgetown University.  [top]

Bill Miller - Legg Mason Capital Management, Inc, CEO and Chief Investment Officer
Bill Miller is the portfolio manager of Legg Mason Value Trust and Legg Mason Opportunity Trust and he is the CEO of Legg Mason Capital Management, Inc. After graduating with an economics degree from Washington & Lee University in 1972, Mr. Miller served as a military intelligence officer overseas, and then pursued graduate studies in the Ph.D. program in philosophy at The Johns Hopkins University. Prior to joining Legg Mason in 1981, Mr. Miller served as Treasurer of the J.E. Baker Company, a major manufacturer of products for the steel and cement industries. In addition, he is on the Board of Trustees at the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory. Mr. Miller was Director of Research for Legg Mason from October 1981 through June 1985. He has been the sole portfolio manager of Value Trust since 1990 and served as co-manager of the fund from its inception in 1982 until 1990. He was co-manager of Total Return Trust, which has since merged with American Leading Companies Trust, from 1992 to 1997, and he served as sole manager of the fund from 1990 to 1992. Since its inception in 1985 until 2001, Mr. Miller was primarily responsible for the day-to-day management of Special Investment Trust and resumed responsibility for the team that manages that fund in January of 2004.  [top]

John Reinsberg '82 - Deputy Chairman, Lazard Asset Management LLC
Mr. Reinsberg is a Deputy Chairman of Lazard Asset Management LLC (“LAM”), responsible for non-U.S./Global investing. Mr. Reinsberg joined LAM in 1991. Prior to joining LAM in 1991, Mr. Reinsberg served as an Executive Vice President of General Electric Investment Corporation and a Trustee of the General Electric Pension Trust. His other past affiliations included Jardine Matheson ( Hong Kong) and Hill & Knowlton, Inc. Mr. Reinsberg has an M.B.A. from Columbia University and a B.A. from the University of Pennsylvania. He speaks German, French, and Spanish.   [top]

Benjamin Segal - Managing Director, Neuberger Berman
Benjamin Segal manages non-US equity portfolios at Neuberger Berman, including the Neuberger Berman International Fund and institutional accounts. Mr. Segal is a managing director at Neuberger Berman, since 2003 a wholly-owned subsidiary of Lehman Brothers Inc. Prior to joining Neuberger Berman in 1998, he worked at GT Global in London. Previously he spent two years management consulting with Bain & Company in Boston and South Africa, and three years as an investment analyst based in Hong Kong.

Born in London, Mr. Segal is a graduate of Cambridge University in the UK, has an MBA from Wharton and is a Chartered Financial Analyst. He lives in Morningside Heights with his wife and two children.  [top]

 

 

Sammy Simnegar '98 - Research Analyst, Fidelity Management and Research
Sammy Simnegar is a Research Analyst for Fidelity Management and Research, the largest mutual fund company in the United States. He covers Latin America.

Prior to joining Fidelity, Mr. Simnegar was a senior trade analyst for The Trans-Alliance Group in Los Angeles and London, England from 1994 to 1996. He was an equity analyst for JP Morgan & Co., Inc. in New York from 1997 to 1998. He assumed his current position in 1998.

Mr. Simnegar received a BA degree in history from The University of California, Los Angeles in 1994, and an MBA in international finance from Columbia University in 1998. He has traveled extensively to Europe, Latin America, Asia, Africa and the Middle East.   [top]