Dude, Where's My Alpha? Alec Litowitz, Magneta Capital, November 20, 2019, 12PM, The City Club
Dude, Where's My Alpha?
In "Dude, Where's My Alpha?" we examine the evolution in asset managers' perceived value proposition. After a brief history of return decomposition innovations in traditional asset management, we explore the more contemporary question investors face on how to evaluate their alternative allocations.
Alec Litowitz is
the Founder and Chief Executive Officer of Magnetar Capital, a leading
alternative asset management firm. He also serves as Chairman of the
firm’s Management Committee and is co-head of the Investment Committee.
Alec began his
financial services career in corporate finance at JP Morgan in New York
focusing in the Financial Institutions Group. Prior to founding Magnetar
in 2005, he was a Principal at Citadel Investment Group and served as
Global Head of Equities and a member of the Management and Investment
He created and
continues to be extensively involved with the Magnetar Capital UChicago
Financial Education Initiative, an innovative high school-based
financial education program. Since 2012, the initiative has used
technology, teamwork and competition to help high schoolers increase
their financial literacy. To date, the initiative has taught more than
900 classes, educating nearly 19,000 students.
As an athlete and
avid outdoorsman, Alec enjoys endurance and adventure races including
triathlons and off-road mountain bike competitions. He completed the
Perskindol Swiss Epic, a six-day mountain bike stage race with 500
riders in September 2017, the La Ruta de los Conquistadores mountain
bike race in 2014, and the Hawaii Ironman in 2004. His interest in
competitive sports led him to Dare2tri, a nationally focused non-profit
that provides triathlon and single-event training to young people and
adults with disabilities, where he serves as Board Chair.
from Massachusetts Institute of Technology with a Bachelor of Science in
mathematics and anthropology and went on to receive a Juris Doctor and a
Master of Business Administration from the University of Chicago. While
at Massachusetts Institute of Technology, Alec became the first
All-American squash player in the school’s history.
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