Ryan Bailey, CFA, FRM, CAIA, CMT
Senior Director of Investments at Children’s Health System of Texas
Ryan Bailey currently serves as the Senior Director of Investments at Children’s Health System of Texas. He oversees over $1B in assets at Children’s across the pension, the foundation, and the long term investment pool. Ryan is Children’s only investment staff and is responsible for creating and overseeing the long term investment strategy of the Hospital. In addition, Ryan is founding the inaugural investment department for the hospital, and is putting in place systems, processes, and governance structure that are critical to the success of the plan.
Prior to his arrival at Children’s, Ryan served as the Investment Officer and Interim CIO of the Meadows Foundation. Ryan’s primary responsibility was all asset classes where he drove the due diligence process on managers, aided in the development of strategic asset allocation, and constructed and implemented investment strategy to achieve competitive performance. Ryan is a graduate of Yale University with a Bachelor of Arts in Economics. He has a worked as an Analyst in the Equity Research Departments of: Solomon Smith Barney, Deutsche Bank, and Credit Suisse First Boston. Ryan holds a number of certifications including: the Chartered Financial Analyst designation (CFA), the Financial Risk Manager designation (FRM), the Chartered Alternative Investment Analyst designation (CAIA), and the Chartered Market Technician designation (CMT). After receiving his CFA in 2000, he started a trading company located on the 83rd floor of World Trade Center One. After surviving the events of 9/11, Ryan relocated to Dallas, Texas at the end of 2003. Ryan was featured in the June 2011 issue of D magazine.
SVP, Sensus Wealth Management, LLC
Steve is responsible for developing distribution of the firm’s OIS℠ investment strategy to Institutional, Broker/Dealer, RIA and TAMP channels. He has served in the securities industry for over 26 years in a variety of capacities. Prior to joining Sensus, Steve was a Regional Director with a Texas Broker/Dealer providing investment services to Banks. While there, he grew the region to 20 bank relationships with over 60 financial consultants, becoming the most productive region for the broker/dealer. Additionally, he performed the initial due diligence and laid the groundwork for the firm’s fee based wealth management platform.
Prior to moving to San Antonio in 2008, he spent time at several Boston area banks in a senior leadership capacity directing their wealth management programs. He began his career in financial services in the early 1990’s with Merrill Lynch in Boston, eventually building a successful practice there.
In addition to holding the series 66 license, he also holds a series 7 general securities license, a series 24 general securities principal license, and a series 53 municipal securities principal license. Steven is a graduate of the University of Massachusetts at Amherst with a Bachelor of Science degree.
Assistant Vice President USAA Asset Management Company, Director of Equity Research
Scott is responsible for leading USAA’s team of fundamental equity research analysts which support investments in USAA’s family of mutual funds, affiliate portfolios, and high net worth business. Prior to his current role, Scott was a Director of Research in USAA’s fixed income research area leading the team of high yield analysts. Scott has worked as an investment grade, high yield, and equity analyst. Scott began his career as a computer programmer in USAA’s Investment Systems area. Scott earned his BS in Computer Science from Texas Tech University in 1993 and his MBA from St. Mary’s University in 1997. Scott has been a CFA charter holder since 2002.
Michael “Mik” McCrea
Director Decision Science Analytics – USAA Investment Management Company
Michael “Mik” McCrea joined USAA’s FASG Information Strategy and Data Analytics Team in March of 2015 as a Lead Decision Science Analyst and provides analysis, synthesis, and recommendations to support the Life Company business leaders enabling better strategic and operational decision-making. In his current position as Director, Decision Sciences, he leads his team in providing data-driven insights and recommendations for Financial Planning and Advice.
Mik retired from the US Army in October 2014 after almost 28 years of service, with the last 4 years at the US Army War College preparing future senior military leaders to serve in strategic-level positions. Before retirement, Mik served as the Chairman for the Department of Command, Leadership and Management and had a variety of assignments to include: 6 years as an Assistant Professor in the Department of Mathematical Sciences at the United States Military Academy; 2 years as a military analyst in the Republic of Korea; and one tour in Iraq (2007) as a senior operations research analyst.
Mik received a PhD in Industrial and Systems Engineering from VA Tech in 2006, received an MS in Operations Research from the Naval Postgraduate School in 1997, and received his BS degree in Aerospace Engineering from the United States Military Academy in 1987. He is married and has 2 sons.
Dale M. Neibert
Dale M. Neibert is a 20 year plus investment management industry veteran holding positions of leadership in both traditional and alternative hedge fund firms. He currently has a portfolio management role as part of a 2 man investment team running a $2.0B DC corporate retirement plan managed philosophically similar to a pension plan by investing directly with a portfolio made up of all traditional and alternative asset classes.
Alternatives play a significant and necessary role providing diversification that cannot be found by investing in traditional asset classes alone. Excluding the allotments to real assets, alternative investment allocations range from 30-40% of total assets (i.e. 50+ relationships consisting of: Hedge Funds of all asset classes/strategies, F.O.F, F.O.H.F., P.E., V.C., Energy & Oil plays, FX/currency, managed futures, commodities and derivative strategies etc.) as both a L.P. and G.P. within our portfolio.
The investment team’s portfolio management discipline is founded by a unique approach to managing a D.C. retirement plan by investing directly: the majority of the portfolio is configured within 3 balanced funds unitized and valued daily (some alt. valuations are carried forward). The portfolio making up the funds is managed internally similar to a DB Pension Plan/Hybrid Fund of Fund which is where the success in managing risk, volatility and of course long term performance results can be attributed to. Much of it can be derived from managing risk through diversity with a heavy focus on correlation. Performance results have the plan ranking in the top 5th percentile (1st in some categories) based on long-term performance results of other similar plans according to Callan’s database. The plan invests in 50-60 component managers at any given time spanning all asset classes and styles of traditional and alternative asset classes while managing a low correlation co-efficient between asset classes. Overall, the portfolio will have 100 plus investment strategies mandated as 30-40 Private Equity, Oil & Gas and Real Estate partnerships make up the rest of the portfolio. Mr. Neibert contends that the research focus in the portfolio tends to emphasize strategies that are considered to be ‘best-in-class’ which are commonly strategies that are not only producing long-term returns in the top percentile consistently, but have a low correlation with our current mandates as all new funding’s are complimentary to existing allocations. However, while the investment team is always on the hunt for ‘best in class’ they always maintain a fresh and open mindset to emerging firms with fresh new ideas.
Mr. Neibert is experienced on both the long only side in traditional domestic equity and fixed income investment strategies as well as in the alternative sector coupled with strategic, operational and financial experience as a manager and principal of a firm. His diverse background includes positions in portfolio management as well as successfully managing relationships for both large traditional investment management and emerging alternative hedge fund firms. Mr. Neibert has consulted, advised and created investment strategies/solutions for institutions and other sophisticated investors. He currently resides in Austin, TX living in Lakeway, TX for the last 10 years with his family. Dale obtained his Baccalaureate from the University of Oregon and attended the London School of Economics.
Chief Executive Officer – Massventure
Nathan Roach is a San Antonio-based entrepreneur and licensed attorney. Nathan has been a strong advocate for legal reforms to allow investment crowd funding in Texas and at the national level. A graduate of Trinity University, Nathan began his career in technology as employee number 19 at Rackspace Managed Hosting, rising from self-taught webmaster to Product Manager. He took his technology skills into the business world, founding Litigation Dynamics, a litigation support company that anticipated the growing need for technology support in the legal profession. After his exit, Nathan attended law school where he helped direct implementation of the St. Mary’s University School of Law Technology Courtroom.
Andrew Rosell is a shareholder in the Fort Worth office of Winstead PC. He practices corporate law and leads the firm’s Investment Management and Private Funds Industry Group. Prior to joining Winstead, Mr. Rosell was a partner at Kelly Hart & Hallman LLP, and general counsel and chief compliance officer of Kleinheinz Capital Partners, Inc. He started his legal career as an associate with the international law firm of Akin Gump Strauss Hauer & Feld LLP. Mr. Rosell has a diverse practice representing wealth managers, managers and sponsors of private investment funds and mutual funds, family offices and public and private companies engaged in mergers and acquisitions. He has experience representing registered investment advisers in all aspects of their business, including: sponsor formation, fund formation, investment portfolio transactions, due diligence, regulatory compliance, and liquidation and business cessation.
Currently, Mr. Rosell serves on the board of trustees of the Cook Children’s Medical Center Foundation and the board of directors of the Cook Children’s Health Plan.
Previously, Mr. Rosell has served on the boards of Delta Biofuels, Inc., the Kleinheinz Family Endowment for the Arts and Education, the Fort Worth Hispanic Chamber of Commerce, and was also a member of Mayor Moncrief’s Special Study Committee regarding the City of Fort Worth’s natural gas revenue.
Mr. Rosell is married to Jennifer Kostohryz Rosell. They live in Fort Worth, Texas, with their two sons.
Tom Tull, CFA
CIO, Employees Retirement System
Tom Tull, CFA, is the Chief Investment Officer at the Employees
Retirement System of Texas (ERS). Previously, he was a founding partner of Gulfstream Global Investors, Ltd., an SEC-registered investment adviser specializing in international equity management that was sold to West LB of Germany in January 2001.
Mr. Tull is the former Director – Employee Benefit Fund Investments for The LTV Corporation and also served as President of Western Reserve Capital Management, Inc., the pension asset management subsidiary of The LTV Corporation. In this capacity, he was responsible for the investment of a $1.2 billion retirement trust. This responsibility included the management of a $90 million international equity portfolio and the management of the outside investment manager relationships.
Prior to joining LTV in February 1983, Mr. Tull served for seven years as Director – Pension Investments of The Cleveland-Cliffs Iron Company. He managed an in-house pension fund, introduced international investing and other diversification policies, and performed a variety of corporate duties. His investment career began in 1971.
While in the private sector, Mr. Tull provided his expertise to ERS as a member of the Investment Advisory Committee to its Board of Trustees. He served in this role for 11 years before joining ERS as the Director of Strategic Research, focused on developing ERS’ hedge fund program and further expanding its investment program.
Mr. Tull received a B.S. in Finance from Ohio State University and an M.B.A. from Xavier University, and is a CFA® charterholder. He also is a member of a variety of financial organizations. Mr. Tull is a U.S. Army
Mark L. Walker
Chief Operating Officer, Crestline Summit
Mr. Walker is the COO of Crestline Summit Equity Alpha, a multi-pm, equity long short, market neutral hedge fund based in Fort Worth, TX and New York, NY. Prior to that Mark was a Senior Advisor leading Crestline Investor’s efforts on strategic corporate actions. Mr. Walker has 27 years of experience in the investment business managing both businesses and assets. Prior to Crestline, Mr. Walker was co-CIO at Ranger Capital Group. He was formerly, Managing Director, Chief Operating Officer and Founder of the BNP Paribas Global Relationship Management business in both New York and London with responsibilities for all hedge fund counterparty credit risk, legal risk and operational risk. Prior to that Mr. Walker was Managing Director of Fund Linked Derivative structuring and distribution at Zurich Capital Markets in New York. Mr. Walker also served as Director of Equity Derivatives at Credit Suisse First Boston in New York where he co-founded its Capital Introductions Group. This followed a career in Private Wealth Management. Mr. Walker is a former US Army Captain, a graduate from Texas Christian University and currently serves as the Chairman of Pathways Core Training, a 501(c) 3 dedicated helping people craft lives of passion, purpose and integrity.
CEO and CIO, The University of Texas Investment Management Company (UTIMCO)
Bruce Zimmerman is CEO and Chief Investment Officer of The University of Texas Investment Management Company (UTIMCO). UTIMCO, investing over $30B, is the nation’s second largest manager of endowments.
Prior to joining UTIMCO, Mr. Zimmerman was CIO and Global Head of Pension Investments at Citigroup. Previously at Citigroup, Bruce had been CFO and Chief Administrative Officer for Citigroup Alternative Investments, which invested over $90B in proprietary and client capital across a range of hedge fund, private equity, private real estate equity and structured credit vehicles.
Before joining Citigroup, Mr. Zimmerman spent approximately thirteen years at Texas Commerce Bank/JPMorgan Chase in a variety of capacities including Merger and Acquisition Investment Banking, Internet and ATM Retail Management, Consumer Marketing, and Financial Planning, Strategy and Corporate Development.
Prior to joining Texas Commerce Bank/JPMorgan Chase, Bruce was a Manager at Bain & Company in their Boston office.
Mr. Zimmerman graduated Magna Cum Laude with a Degree of Distinction from Duke University and received a MBA from Harvard Business School where he graduated with First and Second Year Honors.
Mr. Zimmerman serves on the Board of Trustees of the Commonfund and is an exofficio member of the Investment Committee of the Houston Endowment