Defining Markets Conference 2019

Wednesday, September 18, 2019
2:00 pm – 5:15 pm, followed by a networking reception
Miller High Life Theatre (formerly the Milwaukee Theatre)
500 W. Kilbourn Avenue
Registration Fee: $150.00 (All proceeds support Investment Management Certificate Program student scholarships and program learning opportunities). Discounts available for corporate sponsors.
CFA CE Credit – 3 hours / CFP and WI Insurance CE – 3 credits each

The annual Defining Markets conference focuses on major topics shaping the economy, business, and financial markets. Join us for stimulating conversations on:

Equity Investing. The road to more consistent alpha, which is especially important in the age of rising passive management and declining fees, may involve using technology in equity analysis and information gathering, developing risk models, and alpha factors by traditional active managers.

Investment Strategy. Is the economy moving to late cycle? Is market volatility on the rise? This may have significant implications on your portfolio.

IoT: Can It Solve the U.S. Productivity Problem? Technology is changing how corporations operate. Will IoT, blockchain, and improving data analytics help drive up productivity and economic growth?

Conference Agenda
Speaker biographies can be found below

2:00-2:10 pm  Opening Remarks
2:10-2:50 pm Equity Investing: The Road to More Consistent Alpha
  • Brian Hellmer, Managing Director, Public Equities, State of Wisconsin Investment Board
  • Matt Rose (moderator), Consultant, Alpha Investment Consulting Group
3:00-4:00 pm Investment Strategy
  • Jeff deGraaf, Chairman, Renaissance Macro Research LLC
  • William Delwiche, Managing Director and Investment Strategist, Robert W. Baird & Co.
  • Mike Roth (moderator), Founding Principal, Stark Investments
4:15-5:15 pm IoT: Can it Solve the U.S. Productivity Problem?
  • David Aho, Director of Engineering, Eaton Corp. Power Systems Division
  • Joe Mariani, Research Manager, Deloitte Services LP
  • David Vasko, Director of Advanced Technology, Rockwell Automation
  • Kathleen Gallagher (moderator), Pulitzer Prize Winning Journalist and Executive-in-Residence, UWM Lubar School of Business
5:15 pm Networking Reception


Registration for IMCP Alumni & AAII Members

Speaker Biographies

 Dave Aho is Engineering Director, Power Systems Division, at Eaton, where he is responsible for new product development, control development, engineer-to-order processes, maintenance of line, and value engineering.

He has held positions managing global responsibility for all engineering functions associated with all of Eaton’s Power Reliability, Distribution, and Deliver products, including switchgear centers in Shanghai, Cixi and Pingdingsha, China, as well as Brazil.

Dave helped develop a Greenfield site in Porto Feliz, establishing new capabilities for capacitors, and voltage regulators, and moving existing switchgear operations from Sao Paulo. He also managed the Power Systems Technical Center including a High Power Test Lab, High Voltage Test Lab, and Material Development Lab. He served as Vice President of Engineering Technology at Cooper Crouse Hinds in Syracuse, NY, with key operations in the U.S., Mexico, China, Korea, Germany and the UK.

 Jeff deGraaf, CFA, CMT, is founder and Chairman of Renaissance Macro Research, an independent macro-research boutique firm based in New York. Jeff has been one of Wall Street’s most influential macro-based analysts over the last 20-years, consistently ranked by Institutional Investor magazine since 2002, and a member of Institutional Investor’s exclusive Research Hall of Fame.

Prior to founding RenMac, Jeff cut his teeth at Merrill Lynch in the 1990s, then Lehman Brothers for 10 years where he served on the firm’s investment policy committee as a Managing Director. In early 2007, Jeff moved to ISI as an Executive Managing Director, also serving on the firm’s management committee and heading the firm’s investment policy committee.

A member of the NYSSA, MTA, and a CFA and CMT charter-holder, Jeff is often quoted in Barron’s, the Wall Street Journal and found on the financial analyst speaking circuit around the world. An avid skier and aviator, Jeff is known for integrating his historical knowledge and experience with cutting-edge quantitative techniques that cut through the bull and demystify the complexities of the financial world.

William (“Willie”) Delwiche, CMT, CFA, is Managing Director and Investment Strategist at Robert W. Baird. In addition, he is a member of the Investment Policy Committee. Before joining Baird in 1999, he worked at the Committee for Economic Development, a Washington, D.C., pro-business think tank. Since 2004, Willie has also been the co-manager of Baird’s ETF-based ALIGN Tactical Portfolios.

Commentary from Willie on the economy and stock markets has been featured in national, regional and trade media such as BARRON’S and Bloomberg BusinessWeek. He has appeared on Fox Business, the Nightly Business Report, and the MoneyLife show. Willie also regularly shares his perspectives via Twitter (@WillieDelwiche) and other social media outlets.

Willie received a BA in Economics and in Government and Politics from the University of Maryland, and an MA in Economics from the University of Wisconsin-Milwaukee. He is a member of the Market Technicians Association and past member of the American Economics Association. Willie is both a Chartered Market Technician and a CFA charterholder.

Brian Hellmer, CFA, CIPM, is Managing Director of Public Equities at the State of Wisconsin Investment Board (SWIB). He helps drive the ongoing success of the public equities division, ensures compliance with policies and risk management guidelines, and contributes to the overall plan asset allocation and risk exposure decisions.

Formerly, he was the Director of the Hawk Center for Applied Security Analysis at the University of Wisconsin-Madison, Managing Partner and Director of Research of Northern Capital Management, and an Equity Analyst & Strategist at Bank of America. In these roles, he had experience as an instructor and manager of analysts, as a growth and fixed income fund manager, and as an analyst.

Brian has an MS in Finance, Investments & Banking and a BBA in Finance, Investments & Banking from the University of Wisconsin-Madison and is a CFA charterholder.

Joe Mariani is a research manager with Deloitte’s Center for Government Insights. His research focuses on innovation and technology adoption for both national security organizations and commercial businesses. His previous work includes experience as a consultant to the defense and intelligence industries, high school science teacher, and Marine Corps intelligence officer.

David Vasko is Director of Advanced Technology at Rockwell Automation, where he is responsible for applied R&D and Global Product Standards and Regulations. He is charged with developing and managing technology to enable the future generation of Rockwell’s industrial automation products.

David has held leadership positions in development and research groups while at Rockwell. He managed the Distributed Control Research lab, where agent based control systems were first developed and successfully deployed in industrial applications. He managed the Architecture Development group and contributed to the development of the Control Logix Architecture and CIP (Common Industrial Communication Protocol/IEC 61158) which is currently used in over 15 million industrial devices. He led the team that developed the CIP Safety communication protocol (IEC 61784-3) and in 2005 he was recognized as Rockwell Automation’s Engineer of the Year for his contribution.

David is a senior member of the IEEE. He is on the boards of the Smart Manufacturing Leadership Coalition, the IoT Talent Consortium (Secretary) and the Milwaukee Institute. He is a member of the Wisconsin Technical Council, the US National Committee and serves on Technical Advisory Groups in the US National Committee for industrial control. He serves in leadership positions within the IEC (IEC 65B Secretary, TC65 Advisory Group) and is a member of the IEC Strategic Evaluation Group (SEG7) focused on Smart Manufacturing and Industrie 4.0, the Industrial Internet of Things.

David has authored 20 papers, contributed to three books and secured 66 patents.

Moderator Biographies

Kathleen Gallagher is a Pulitzer Prize winning journalist and an Executive-in-Residence at UWM’s Lubar School of Business She also serves as Executive Director of the Milwaukee Institute, a nonprofit technological center that is redirecting resources to cloud computing. It was founded with funds from Milwaukee private equity firm Mason Wells, Metavante (now FIS), Rockwell Automation, and Johnson Controls.

Previously, Kathleen spent 23 years as a business reporter for the Milwaukee Journal Sentinel, where she covered technology, entrepreneurship, and investments. She was part of a team that won the Pulitzer Prize in 2011. Earlier, she was a Communications Consultant for The Federal Reserve Bank of Chicago.

Kathleen is Executive-in-Residence in Investment Communications for University of Wisconsin-Milwaukee.

She has a graduate degree in English from the University of Illinois at Chicago and an undergraduate degree in journalism from University of Wisconsin-Madison.

Matthew Rose is an investment consultant with Alpha Investment Consulting Group, where he advises family and institutional clients on investment policy statements, portfolio structure, asset allocation, manager selection, and risk management. Prior to his consulting role, Matt held an investment analyst position focused on investment manager due diligence and client reporting. Having spent more than ten years interviewing and evaluating managers across equities, fixed income, real estate, hedge funds, and private investments, he remains engaged in the due diligence process and is a member of the firm’s investment committee.

Matt received a Bachelor of Science degree in Business Administration from Marquette University, where he was a member of the Applied Investment Management Program and completed a series of internships across various departments at Robert W. Baird & Company. Matt regularly guest lectures at the Marquette University College of Business Administration on investment manager due diligence and alternative investments.  He has also presented to student groups at Pepperdine University in California.  Matt is committed to the broader mission of financial literacy through the nonprofit SecureFutures, where he has been a classroom volunteer and serves on the committee for the annual investment conference.  He was also previously a member of the Friends of the Haggerty Museum of Art Board of Directors.

Mike Roth was a Founding Principal of Stark Investments and oversaw the Firm’s business development efforts and Risk team.  In addition, Mike sat on the Firm’s Executive Committee and shared responsibility for corporate governance and strategic planning. Prior to joining Brian Stark in 1988, Mike practiced law at Covington & Burling in Washington, D.C., where he specialized in antitrust and regulatory litigation. Mike earned his law degree from Harvard Law School (1980) and his Bachelor of Arts, summa cum laude, from the University of Wisconsin-Madison (1977).

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Past Events

Defining Markets events have been held since 2011. Our most recent events include:

Main Issues Transforming the Global Economy & Health Care
January 25, 2018

Healthcare Panel

Kathleen Gallagher, (Moderator), Pulitzer Prize winner & Executive-in-Residence, Lubar School of Business
Mike Anderes, (Speaker), Chief Innovation & Digital Officer for Froedtert Health and President of Inception Health
Coreen Dicus-Johnson, (Speaker), President & Chief Executive Officer of Network Health
Catherine Jacobson, (Speaker), President & Chief Executive Officer of Froedtert Health
Brian Pinsker, (Speaker), Healthcare Portfolio Manager/CEO of 11:11 Capital, former head of North American Equities for Proprietary Trading Business of JP Morgan

Investment Strategy Panel
Bob Bukowski, (Moderator), Principal & Senior Consultant, Alpha Investment Consulting Group
Scott Opsal, (Speaker), Director of Equities for Leuthold Weeden Capital Management
Michael Roth, (Speaker), Founding Principal of Stark Investments

Technical Analysis and the VIX as a Market Indicator, November 9, 2016
Philip J. Roth, CMT, Market Technicians Association Educational Foundation
Russell Rhoads, CFA, Director of Education, CBOE Options Institute
Kevin Spellman, CFA, David O. Nicholas Director of Investment Management (Moderator)

Investment Strategy and the Next Boom, October 28, 2015
Dennis DeBusschere, Senior Managing Director, Portfolio Strategy, Evercore ISI
Doug Ramsey, Chief Investment Officer, The Leuthold Group
Jack Plunkett, CEO, Plunkett Research, Ltd.
Joseph Veranth, Chief Investment Officer & Portfolio Manager, Dana Investment Advisors (Moderator)

Investment Strategy, Geopolitics & Strategic Surprise, February 24, 2015
Tobias Levkovich, Managing Director and Chief U.S. Strategist, Citigroup
Francois Trahan, Partner and Investment Strategist, Cornerstone Macro
Dr. Milo Jones, Visiting Professor, IE Business School in Madrid
Joseph Veranth, Chief Investment Officer & Portfolio Manager, Dana Investment Advisors (moderator)

Business Outlook and M&A Capital Use Trends, September 24, 2014
Ted Crandall, Senior Vice President & CFO, Rockwell Automation
Christopher Goller, Regional President, PNC Bank
Ron Miller, Managing Director, Cleary Gull
David Westgate, CEO, Jason Industries

For More Information

Dr. G. Kevin Spellman, CFA
Senior Lecturer, Finance
David O. Nicholas Director of Investment Management
Lubar Hall S442
(608) 334-2110