Twelfth Annual State of the Markets Panel Discussion

Please join TXWSW for its Twelfth Annual State of the Markets Panel Discussions: Allocator Trends and Economic Outlook featuring top investment professionals and allocators from across the country. We are especially excited to be able to bring these amazing speakers to you in person for the first time following the COVID pandemic!

The panel discussions are followed by a cocktail reception and networking.

As it has been in past years, we believe this will be a very timely and interesting discussion, particularly considering anticipated mid-year earnings releases from the Street and understanding their impact and the expected economic outlook for the second half of 2023. This flagship event benefits the Young Women’s Preparatory Network and is not to be missed!

Featured Speakers to be Announced Soon!

When:  Thursday, August 24, 2023
3:00pm – 7:00pm CST

Where:  Arts District Mansion | 2101 Ross Avenue, Dallas, Texas 75201

Invited: Both men and women are invited and welcome to attend this event

Cost: Ticket cost is $120 per paid member and $140 for free/basic members and guests | Table for 10 $2500

The ticket cost includes a donation to the Young Women’s Preparatory Network.  To learn more about their life-changing work, please visit www.youngwomensprep.org or watch this video.

Please use the registration link below.

We hope you will consider attending as a sponsor, which includes reserved sponsor seating and a special VIP reception. Custom sponsorship options and details to this event can be found by contacting Bianca King at developmentdirector@txwsw.com.

Thank you to our generous sponsors

Meet the Speakers

Economic Panel

CIO Panel

Attend an Upcoming TXWSW Event

Dr. Cindy Ma

Global Head of Portfolio Valuation and Fund Advisory Services
Houlihan Lokey

Dr. Ma is a Managing Director and Global Head of Houlihan Lokey’s Portfolio Valuation and Fund Advisory Services practice. She works primarily with private equity funds, hedge funds, venture funds, business development companies, and corporate clients. Dr. Ma has extensive experience in valuing illiquid and complex securities across capital structures, industries, and geographies. She advises senior fund management in establishing best-in-class valuation policies and procedures. Under her leadership, Houlihan Lokey was named the ‘Best Valuations Firm for Hard to Value Assets’ at the 2023 HFM European Services Awards for four consecutive years and continues to be recognized as a true leader in its field.

Dr. Ma has extensive training, academic expertise, and trading experience in commodities, derivatives, securities, foreign exchange, fixed incomes, structured transactions, hedging strategies, and risk management issues. She has served as a consulting and testifying expert for the SEC on various fund- and valuation-related matters.

Dr. Ma is a member of Houlihan Lokey’s Management Committee; Diversity, Equity, and Inclusion Council; and Technical Standards Committee. Externally, she is on the board of Managed Funds Association and the International Valuation Standards Council. Dr. Ma is a Fellow of the Royal Institute of Chartered Surveyors and also holds the designation of CFA and obtained her CPA license (now inactive) in the state of Colorado. She was featured in The Hedge Fund Journal’s “50 Leading Women in Hedge Funds 2020.”

Prior to joining Houlihan Lokey, Dr. Ma was a Partner at Ernst & Young, directing various high-profile hedge fund restructuring assignments. She also worked as a derivatives trader for a global commodity house and an adjunct professor at Columbia Graduate School of Business.   

Dr. Ma holds a B.S. in Accounting from Indiana University and a Ph.D. in Finance from Columbia University. She has published numerous articles on valuation, derivatives, and risk management and co-authored a college textbook on derivatives. Dr. Ma is a frequent speaker in industry conferences and is a board member of PENCIL, a New York City-based charity connecting underserved public school students to business community.

Dr. Pia Orrenius

Vice President and Senior Economist
Federal Reserve Bank of Dallas

Dr. Pia Orrenius is a labor economist working on regional economic growth and demographic change. She manages the regional and microeconomics group in the Dallas Fed Research Department, is executive editor of the quarterly publication Southwest Economy and co-edited Ten Gallon Economy: Sizing up Economic Growth in Texas (2015, Palgrave MacMillan). Her academic research focuses on the labor market impacts of immigration, unauthorized immigration and U.S. immigration policy. She is coauthor of the book Beside the Golden Door: U.S. Immigration Reform in a New Era of Globalization (2010, AEI Press).

Orrenius is affiliated with several academic institutions. She is research fellow at the Tower Center for Public Policy and International Affairs and the Mission Foods Texas-Mexico Center at Southern Methodist University and at the IZA Institute of Labor in Bonn, Germany, as well as adjunct scholar at the American Enterprise Institute. Orrenius was senior economist on the Council of Economic Advisers in the Executive Office of the President, Washington D.C., in 2004–05, where she advised the Bush administration on labor, health and immigration issues. She holds a PhD in economics from the University of California at Los Angeles and bachelor degrees in economics and Spanish from the University of Illinois at Urbana—Champaign.

Khadir Richie

CIO, Richie Capital Group

Khadir Richie is the founder and Chief Investment Officer of Richie Capital Group, a public equity focused investment firm headquartered in Austin, Texas. Prior to founding Richie Capital Group, Khadir held leadership roles as an investment banker, buy-side equity analyst, management consultant and software programmer. His experiences include positions at RBC Capital Markets, Herndon Capital Management, Booz Allen Hamilton, Silicon Valley Bank and Motorola. Additionally, he worked in short-term roles in Private Equity. These combined experiences provide him with a comprehensive and unique perspective as an investor.

Khadir earned a Bachelor of Science in Electrical Engineering from The University of Texas at Austin, and a Master of Business Administration from The Wharton School of the University of Pennsylvania where he also served on The Wharton Alumni Executive Board of Directors for 9 years. In his spare time, he enjoys traveling with his family, road cycling, and the culinary arts.

Richie Capital Group is an Austin, Texas-based investment firm specializing in discretionary actively managed public equity portfolios supported by rigorous risk management. We take a high conviction and qualitative approach. What we do best is identify unique, typically smaller, undiscovered companies and special situations that are mispriced. Our portfolios are concentrated (15 to 20 names), and we invest in sectors where we have depth of experience and expertise. Our goal is to hold our investments for the longer term and allow our investments to compound over time.

Caroline Cooley

Managing Partner and Chief Investment Officer
Crestline Summit Strategies

Ms. Cooley joined Crestline in 1998 and is Managing Partner and CIO of Crestline Summit Strategies, an equity multi-strategy, multi-PM, market-neutral hedge fund manager. She also serves on Crestline Inc.’s (parent company) Management Committee. A veteran in the alternative investment industry, Ms. Cooley has experience as a portfolio manager, risk manager, and trader in equity, fixed income, and derivative markets.

Ms. Cooley previously was the CIO of Crestline’s Hedge Funds of Fund business, overseeing manager selection and portfolio management, since joining the firm. From 1986 through 1997, Ms. Cooley was a derivatives trader and risk manager with Taylor and Company, an investment firm associated with the Bass Family of Fort Worth, TX (one of the earliest multi-asset, multi-strategy alternative asset managers). Ms. Cooley began her career in the investment industry at Manufacturers Hanover Trust Company (later merged into JP Morgan), where she specialized in futures markets in both New York and Chicago after receiving her BA in Economics from The College of William and Mary in 1983.

Ms. Cooley serves on the Advisory Board of Texas Wall Street Women and the Investment Advisory Committee of Texas Employee Retirement System. Ms. Cooley also serves on the Board of Directors of Catholic Charities of Fort Worth.

Kate Donovan Morgan

Head of Alternative Investments, U.S. Midwest and South Regions
J.P. Morgan Private Bank

Kate Donovan Morgan is a Managing Director at J.P. Morgan and Head of Alternative Investments for the U.S. Midwest and South Regions at J.P. Morgan’s Private Bank.

Within her group, which oversees more than $140 billion in assets globally, Kate serves as an Alternative Investments Specialist, responsible for advising private clients, family offices, and endowments & foundations on the construction of hedge fund, private equity, private debt, and real estate portfolios.

Kate has been with the firm since 2011 and prior to her current role, she worked directly with the Global Head of Investment Solutions to execute strategic initiatives across brokerage and managed investment solutions.

Kate graduated from the University of Virginia and holds a B.S. in Commerce from the McIntire School of Commerce (dual concentrations in Finance and Marketing) and a Double Major from the College of Arts & Sciences in Religious Studies. She resides in New York with her husband, son, and daughter.