The 10th annual University of Virginia Investing Conference (UVIC) took place at UVA’s Darden School of Business, 9-10 November 2017. The conference provided a forum for the insights of financial analysts, portfolio managers, economists, and industry executives and attracted professional investment managers, financial officers, academics, students and private investors as they sought to identify and analyze the way forward in asset management.The conference was hosted by the Richard A. Mayo Center for Asset Management, one of Darden’s 10 research Centers of Excellence. The center works to advance the study and practice of asset management through top-quality research, regular conferences and activities, support for the MBA student club Darden Capital Management, and the development of educational programs.See the 10th annual University of Virginia Investing Conference press release, video highlights and conference synopsis. Menu Overview Speakers Travel & Logistics Sponsors Past Events The 10th Annual University of Virginia Investing Conference:Explored the current economic and political landscape and discussed the history of economic booms and market collapsesIdentified opportunities in a changing active-passive setting and explored alternative asset classes such as real estate and hedge fundsBuilt on a record-setting year in 2016 by hosting the full Darden@Virginia Investing Challenge, providing all registrants an opportunity to attend and observe live pitches and judges’ questionsProvided an opportunity to hear from Darden School Foundation Board of Trustees Chair, Elizabeth Weymouth (MBA ‘94) and President and CEO of Investure, Alice Handy, at a leading women in investing Friday morning breakfastInformation concerning the 11th annual University of Virginia Investing Conference coming soon. 2018 University of Virginia Investing Conference SpeakersSheila bairSheila Bair has had a long and distinguished career in government, academia and finance. Widely respected for her expertise in financial regulation and consumer protection, Ms. Bair currently serves on a number of corporate and fintech boards, while continuing her advocacy for common sense policies to promote financial system stability and responsible lending practices. Ms. Bair is perhaps best known as chair of the Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, when she steered the agency through the worst financial crisis since the Great Depression. She received numerous awards and recognition for her leadership at the FDIC, including the JFK Library’s Profiles in Courage Award, being twice named by Forbes Magazine as the second most powerful woman in the world, and dubbed the “little guy’s protector in chief” by Time Magazine. Ms. Bair’s relentless focus on the public interest has always been a hallmark of her government career, beginning as a senior advisor (1981-88) to former Senate Majority Leader Robert Dole; a commissioner of the Commodity Futures Trading Commission (1991-95); and assistant secretary for Financial Institutions at the Treasury Department (2001-2002) when she worked to stabilize and secure our financial infrastructure in the wake of the horrific 9/11 attacks. Ms. Bair’s academic and policy work have also focused on public policy as the Dean’s Professor of Financial Regulatory Policy at the University of Massachusetts-Amherst (2002-2006), senior advisor to the Pew Charitable Trusts (2011-2015) where she founded the Systemic Risk Council, a group of distinguished financial experts which advocates for policies to promote financial stability, and most recently, as president of historic Washington College (2015-2017), where she was a strong advocate for college affordability. An articulate and frequently provocative writer and public speaker, Ms. Bair has published numerous columns in the Wall Street Journal, NY Times, Washington Post, Financial Times and Fortune Magazine. She is the author of NY Times best seller Bull by the Horns, her 2012 memoir of the financial crisis, and has also written books for children on financial matters including her young adult book on the crisis, Bullies of Wall Street, and picture books on financial basics, Rock Brock and the Savings Shock and Isabel’s Car Wash. Scott Beardsley Scott Beardsley is the ninth dean of the University of Virginia Darden School of Business. He joined the Darden School as dean and Charles C. Abbott Professor of Business Administration 1 August 2015 after 26 years at McKinsey & Co., during which he held numerous senior roles including as an elected member of McKinsey’s global board of directors. He was based in the firm’s Brussels, Belgium, office for 24 years. Beardsley was drawn to the Darden School’s global focus, its unparalleled education experience and the University of Virginia’s Jeffersonian tradition of excellence. A frequent author, speaker and media commentator, he has presented at venues such as the World Economic Forum at Davos. Beardsley holds an executive doctorate in higher education management from the University of Pennsylvania, an MBA from the Massachusetts Institute of Technology’s Sloan School of Management and a bachelor of science in electrical engineering from Tufts University. He has also served on a number of boards, including eight years as chair of the board of directors of the American Chamber of Commerce in Belgium. He is a citizen of France and the United States and is bilingual in English and French. He resides in Charlottesville, Virginia, on the Lawn at the center of the University of Virginia’s Academical Village, a UNESCO World Heritage site. He and his wife, Claire Dufournet of Annecy, France, have three sons. Bob Bruner Bob Bruner is a university professor at the University of Virginia, distinguished professor of business administration and dean emeritus of the Darden School of Business. A faculty member since 1982 and winner of leading teaching awards at the University of Virginia and within the Commonwealth of Virginia, he teaches and conducts research in finance and management. Bruner's current research interests span subjects such as corporate finance, financial crises and panics, business history, the future of higher education and the leadership attributes of U.S. presidents. He is best known for his research on mergers and acquisitions, corporate finance and financial panics. His books, Deals from Hell and Applied Mergers and Acquisitions , have helped numerous practitioners and students toward successful transactions. His book published in 2008, The Panic of 1907: Lessons Learned From the Market's Perfect Storm , with Sean D. Carr, attracted wide attention for its discussion of the underpinnings of financial crises. Drawing lessons from the Panic of 2008, his article, “Crises, Financial Leadership, and the Six Stretches for Financial Education,” was published earlier this year. The eighth edition of his Case Studies in Finance, co-authored with Kenneth Eades and Michael Schill, will be published this fall. He comments on life, business and current events in his blog. He also tweets regularly on his Twitter account. As dean of the Darden School from 2005 to 2015, Bruner chartered or led a series of successful initiatives that prompted Poets & Quants and CNNMoney/Fortune to name him " Dean of the Year" in 2012. He has served on the boards of various for-profit and nonprofit organizations. A native of Chicago, Bruner received a BA from Yale University in 1971 and MBA and DBA degrees from Harvard University in 1974 and 1982, respectively. Bruner and his wife have two sons. For more information and copies of his papers and essays, visit his website. JOHN DUGAN John Dugan, formerly Comptroller of the Currency from 2005 to 2010, became a director for Citigroup, Inc. on 2 October 2017. Previously, he was a partner in Covington & Burling LLP, where he chaired the firm’s Financial Institutions Group and advised financial institution clients on a range of legal matters affected by significantly increased regulatory requirements resulting from the financial crisis, including implementation of the Dodd-Frank Act; mergers, acquisitions and investments; litigation, enforcement and investigations; and international financial regulation. As Comptroller of the Currency, Mr. Dugan headed the agency that supervised over 1,500 national banks and federal branches of foreign banks, and also served on the board of directors of the Federal Deposit Insurance Corporation. During his five-year term, he led the agency through the financial crisis and ensuing recession that resulted in extraordinary regulatory, supervisory and legislative actions for national banks of all sizes, including government assistance provided under the Troubled Asset Relief Program (TARP); resolutions of large, mid-size and community banks; the successful implementation of regulatory “stress tests”; and the enactment of the Dodd-Frank Act. In the international arena, he served on the Basel Committee on Banking Supervision as it formulated the “Basel III” regulatory standards; chaired the Joint Forum of banking, securities and insurance supervisors from countries around the world; and was an active participant at the Financial Stability Board. In 2010, Mr. Dugan received the Alexander Hamilton Award, the Treasury Department’s highest honor, for his service as Comptroller. Before becoming Comptroller, Mr. Dugan was a partner (1995-2005) and of counsel (1993-95) at Covington. Earlier, he served at the U.S. Treasury Department as assistant secretary for Domestic Finance and deputy assistant secretary for Financial Institutions Policy (1989-93), and at the U.S. Senate Committee on Banking, Housing and Urban Affairs as minority general counsel and counsel (1985-89). He began his legal career as an associate with the Washington, D.C. law firm Miller & Chevalier (1981-85). From 2013 through 2017, Mr. Dugan served as a trustee of the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board and the Government Accounting Standards Board. During the same period he also served as a member of the Global Advisory Board to Mitsubishi UFJ Financial Group, Inc. Since the inception in 2005 of the “Michigan in Washington” program for University of Michigan undergraduates, he has served as a member of the program’s advisory board. Mr. Dugan is a graduate of the University of Michigan (AB 1977) and Harvard Law School (JD 1981). VICTORIA IVASHINA Victoria Ivashina is the Lovett-Learned Chaired Professor of Finance at Harvard Business School. She is a research associate at the National Bureau of Economic Research (NBER), research fellow at the Center for Economic Policy Research (CEPR) and a visiting scholar at the Federal Reserve Bank of Boston and the European Central Bank. She co-heads the Harvard Business School’s Private Capital Project and Private Equity and Venture Capital executive education program. Professor Ivashina serves on the editorial boards of the Review of Financial Studies, the Review of Corporate Finance Studies, and the Journal of Financial Intermediation. Professor Ivashina received the Harvard Business School’s Berol Fellowship and Hellman Family Fellowship awards for research excellence. ned kelly Edward Kelly III was chair of Citigroup Inc.’s Institutional Clients Group from January 2011 until his retirement in July 2014. He served as chair of Global Banking from April 2010 to January 2011, and as vice chair of Citigroup from July 2009 to April 2010. Kelly also served as Citi’s chief financial officer from March through July 2009. Prior to his work as CFO, Kelly was head of Global Banking and before that president and chief executive officer of Citi Alternative Investments. He is currently a director of CSX Corporation, XL Group and MetLife. Kelly joined Citi in February 2008 from The Carlyle Group, a private investment firm, where he was a managing director. Prior to joining Carlyle in July 2007, he was a vice chair at PNC Financial Services Group following PNC's acquisition of Mercantile Bankshares Corporation in March 2007. He was chair, chief executive and president of Mercantile from March 2003 through March 2007 and chief executive and president from March 2001 to March 2003. Before Mercantile, Kelly was at J.P. Morgan Chase & Co. where he was managing director and head of Global Financial Institutions and co-head of Investment Banking Client Management. He joined J.P. Morgan in 1994 as its general counsel and secretary. In 1996, he became a managing director and subsequently ran various parts of J.P. Morgan's investment banking business, including Global Financial Institutions and Latin America. Prior to joining J.P. Morgan, Kelly was a partner at the law firm of Davis Polk & Wardwell, where he specialized in matters related to financial institutions. Early in his career, he served as a law clerk to Supreme Court Justice William J. Brennan, Jr. and U.S. Court of Appeals Judge Clement F. Haynsworth, Jr. Prior to law school, Kelly served as a legislative assistant and, later, press secretary to U.S. Senator Richard S. Schweiker. Mr. Kelly is a graduate of Princeton University (AB 1975) and the University of Virginia School of Law (JD 1981).STASIA KELLY Anastasia Kelly, co-managing partner (Americas) at DLA Piper, is the former vice chair of American International Group (AIG), a role she held until the end of 2009. In this role, she was responsible for the global legal, compliance and regulatory functions, government relations, communications, corporate affairs and human resources. Ms. Kelly joined AIG in September 2006 as executive vice president, general counsel and chief regulatory and compliance officer. She assumed her additional responsibilities in January 2009. Prior to AIG, Ms. Kelly was executive vice president and general counsel of MCI/WorldCom, where she served as the chief legal officer in the restructuring of the company from 2003 until its acquisition by Verizon in 2006. Prior to MCI, Ms. Kelly was senior vice president and general counsel of Sears, Roebuck and Co. where she restructured the legal and compliance teams. Before her tenure at Sears, Ms. Kelly served as the senior vice president, general counsel and corporate secretary at Fannie Mae. At Fannie Mae, she centralized the company’s legal and compliance function and upgraded the talent across Fannie Mae’s five offices nationwide. Prior to joining Fannie Mae, Ms. Kelly was a partner and associate with Wilmer, Cutler & Pickering (now Wilmer Hale) where her practice spanned several areas of law, including regulation of financial institutions and securities firms and corporate and securities. Ms. Kelly was also associated with Carrington, Coleman, Sloman & Blumenthal, of Dallas, where her practice encompassed general and business litigation. Ms. Kelly received her law degree magna cum laude from George Washington University, where she was a member of the Order of the Coif and the George Washington Law Review. She received her undergraduate degree cum laude from Trinity University in Washington, D.C. She serves as a director of Owens-Illinois, the world’s largest manufacturer of glass packaging, and Huntington Ingalls Industries, builder of more ships in more ship classes than any other U.S. naval shipbuilder. Ms. Kelly is a director and past co-chair of the Washington Lawyers' Committee (WLC), past chair of Equal Justice Works and a director of the Leadership Council on Legal Diversity. She is on the board of the Center for Law, Economics and Finance at George Washington University Law School. PEDRO MATOS Pedro Matos is an associate professor of finance and the academic director of the Richard A. Mayo Center for Asset Management at the University of Virginia Darden School of Business. His research focuses on international corporate governance and the growing importance of institutional investors in financial markets worldwide. His work has been published in leading academic journals (such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies) and has been featured also in the press, including in The Economist, Financial Times, New York Times, Washington Post, Fortune and Forbes. His work has received numerous research grants and awards, including the Wells Fargo Award for Outstanding Research Publication and the Darden Multiyear Publications Award. He is a research associate at the European Corporate Governance Institute (ECGI).At Darden, he has published numerous case studies and won twice the Wells Fargo Award for Excellence in Course Material Development. He previously taught at the University of Southern California, Marshall School of Business where he received a Golden Apple teaching award. He holds a BA in Economics from Nova University in Lisbon (Portugal) and a PhD in Finance from INSEAD in Fontainebleau (France). Prior to his PhD, he worked with the Portuguese Ministry of Finance and consulted for the World Bank. MAUREEN O'HARA Maureen O’Hara is Purcell Professor of Finance at the Johnson Graduate School of Management, Cornell University and also professor of finance at UTS (Sydney). A citizen of both Ireland and the U.S., she received her doctorate from Northwestern University and honorary doctorates from Facultés Universitaires Catholiques à Mons (FUCAM), Universität Bern and University College Dublin. Professor O'Hara is an expert on market microstructure, and she publishes widely in banking and financial intermediaries, law and finance, and experimental economics. She is the author of numerous journal articles as well as the books Market Microstructure Theory (Blackwell: 1995), and High Frequency Trading: New Realities for Traders, Markets, and Regulators (Risk Books: 2013). Her most recent book, Something for Nothing: Arbitrage and Ethics on Wall Street, was published in 2016 by Norton Books. A past president of the American Finance Association, the Western Finance Association and the Financial Management Association, she was executive editor of the Review of Financial Studies. Professor O’Hara has served on a variety of corporate boards including NewStar Financial, Teachers Insurance and Annuity Association (TIAA) and Investment Technology Group, Inc. (ITG), where she was chairman of the board. She was named to Institutional Investors Trading Technology Top 40 and she is currently an advisor to Symbiont, a company focusing on blockchain and smart securities. A member of the CFTC-SEC Emerging Regulatory Issues Task Force (the “flash crash” committee), she has also served on the global advisory board of the Securities Exchange Board of India (SEBI), the advisory board of the Office of Financial Research, U.S. Treasury and the SEC Equity Market Structure Advisory Committee. Mike O'Neill Michael O’Neill is chair of the board of Citigroup Inc. He was elected to the board in 2009 and has served as chair since 2012. He is a member of the Risk, Ethics & Culture, Personnel & Compensation and Nomination, Governance & Public Affairs Committees. He is the past chair of the Personnel & Compensation Committee, the Citibank N.A. Board of Directors and the Citi Holdings Oversight Committee. He is also a past member of the Audit Committee. Prior to joining the Citigroup Board, Mr. O’Neill was chair and chief executive officer of Bank of Hawaii Corporation from November 2000 to September 2004. He was elected chief executive officer of Barclays PLC in February 1999 but resigned shortly thereafter due to an illness from which he has fully recovered. From 1995 to 1998, he was vice chair and chief financial officer of Bank of America in San Francisco. Previously, he had been chief financial officer of Continental Bank Corp. from 1993 to 1995. He began his banking career in 1974. In addition to domestic assignments, he worked in Europe and Asia for over twenty years. Mr. O’Neill graduated from Princeton University in 1969 and received his MBA in 1974 from the Colgate Darden School at the University of Virginia. He served as a lieutenant in the United States Marine Corps from 1969 to 1972. Mr. O’Neill serves as a trustee of the Darden School Foundation, the Economic Club of New York and the National World War II Museum. He is a member of the advisory board of FTV Capital, a private equity firm. Past affiliations include the Hawaii Military Affairs Council (chair), the Bishop Museum (vice chair), the Catholic Charities of Hawaii Advisory Board (chair), the Hawaii Pacific University (trustee), the San Francisco Fine Arts Museums (trustee) and the Honolulu Museum of Art (trustee). Mr. O’Neill was a member of the Federal Advisory Council from 2001 to 2004, representing the Federal Reserve Bank of San Francisco. From 2012 to 2014, he was a member of the advisory board of the Export-Import Bank of the United States. Mr. O’Neill has been married for forty-five years, and he and his wife Patricia have two adult sons. To make your travel plans to the Darden School of Business for the University of Virginia Investing Conference, please consult the following information, which includes driving directions, parking information, maps and hotel accommodations.Directions to Darden From University of Virginia (Main Grounds) From University Avenue (US-250 Business) turn right onto North Emmet Street (US-29 Business). Continue on North Emmet Street for .4 miles and turn left onto Massie Road at the first stoplight. Follow Massie Road for .6 miles and at the second stoplight turn right to continue on Massie Road. The entrance to the Darden School of Business will be on the left at Duffy Boulevard. Estimated time: 7 minutes.From Charlottesville Albemarle Airport (CHO) Follow Airport Road straight out of the airport to U.S. Route 29 South. When U.S. Route 29 passes under the U.S. 250 Bypass in Charlottesville, it becomes Emmet Street and passes the Barracks Road Shopping Center on the right. Beyond the shopping center, turn right at the traffic signal for Arlington Boulevard. Turn left when Arlington Boulevard ends at Massie Road. The Darden School's entrance is on the right, just past the Law School. Estimated time: 15 minutes.From Richmond International Airport (RIC) Travel Interstate 64 West to Charlottesville and take Exit 118B onto U.S. Route 29 North. Stay on the Route 29 Bypass and take the Leonard Sandridge Road exit. Turn left at the traffic light at the end of the ramp. The Darden School's entrance is on the left, just past the North Grounds Recreation Center. Estimated travel time: 1.5 hours.From Washington Dulles International Airport (IAD) At the first exit after leaving the airport, take State Route 28 South to Centerville and then take Interstate 66 West to U.S. Route 29 South at the Gainesville/Warrenton exit. Follow Route 29 South to Charlottesville. When U.S. 29 passes under the U.S. 250 Bypass in Charlottesville, it becomes Emmet Street and passes the Barracks Road Shopping Center on the right. Beyond the shopping center, turn right at the traffic signal for Arlington Boulevard. Turn left when Arlington Boulevard ends at Massie Road. The Darden School's entrance is on the right, just past the Law School. Estimated travel time: 2 hours.From Washington National Airport (DCA) Follow signs to Interstate 66 West and continue to U.S. Route 29 South at the Gainesville/Warrenton exit. (This will be the second U.S. 29 exit.) Follow Route 29 South to Charlottesville. When U.S. 29 passes under the U.S. 250 Bypass in Charlottesville, it becomes Emmet Street, and passes the Barracks Road Shopping Center on the right. Beyond the shopping center, turn right at the traffic signal for Arlington Boulevard. Turn left when Arlington Boulevard ends at Massie Road. The Darden School's entrance is on the right, just past the Law School. Estimated travel time: 2.5 hours.Maps & Parking Information on ParkingFree parking permits will be available on the day of your visit from the receptionist in the Gatehouse. The Gatehouse will be on your right after you turn into Darden off of Massie Road. Please watch for signs. Parking spots will be available on the road leading to the school as well as in Darden’s parking garage.Darden & Area Maps Our Directions & Transportation page offers a variety of maps, including a map of Darden Grounds and an interactive Google Map view.Hotel Information Inn at Darden100 Darden Boulevard+1-434-243-5000Reservations in advance are recommended as space is limited.Other hotels in the area:Hyatt Place CharlottesvilleOmni Charlottesville Hotel235 West Main Street+1-434-971-5500Courtyard Charlottesville North638 Hillside Drive+1-434-973-7100Hampton Inn & Suites900 West Main Street+1-434-923-8600DoubleTree by Hilton Hotel CharlottesvilleRt. 29+1-434-973-2121Comfort Inn Monticello2097 Inn Drive+1-434-977-3300 Best Western Inn & SuitesRt. 29 near Charlottesville Airport+1-434-982-1855Best Western Inn & SuitesExit 136 off I-64+1-540-832-1700Cavalier Inn105 N. Emmet Street (Route 29)+1-434-296-8111Boar's Head InnRoute 250 West+1-434-296-2181 The University of Virginia Conference Executive Committee would like to thank the following generous and loyal sponsors for their support of the University of Virginia Investing Conference.To become a University of Virginia Investing Conference sponsor or learn more about available sponsorship opportunities, please contact Kristen Fisher at FisherK@darden.virginia.edu or +1-434-982-2915. 2017 Sponsors UVIC 2016A single question dominated the ninth annual University of Virginia Investing Conference: Now what? After an unprecedented U.S. presidential election produced Donald Trump as president-elect, conference speakers and audience members alike wanted to know what’s next for the U.S. economy, global markets and equity investments.2016 Highlights included a Darden @Virginia Investing Challenge that welcomed a record 18 schools and the first-ever Darden Capital Management (and Darden school) Facebook Live streaming interviews, and interviews with speakers conducted by students. For those who missed the conference, some recap appeared across different channels:Broad conference overview, featuring video interviews with Steve Rattner and Jerome Booth available HEREA WSJ podcast featuring an interview with the winning team at the Darden @ Virginia Investing ChallengeAn in-depth ‘Ideas to Action’ Piece recaps some of the broader global geopolitical panel takeawaysFacebook Live interviews with Darden Capital Management students now on the school’s FB pageThe Role of the Active Investor Ideas to Action piece. UVIC 2015The 8th annual University of Virginia Investing Conference (UVIC) focused on investing in a low-return world. Financial analysts, portfolio managers, economists, academics, students, private investors and industry executives joined together to hear from knowledgable speakers and panelists with diverse insights and backgrounds.Read more about UVIC 2015.UVIC 2014The 7th annual University of Virginia Investing Conference (UVIC) focused on the ideas needed to invest successfully in the innovation economy. As disruptive innovation shakes up industries at an accelerating pace, investors must excel at identifying true innovation and understanding its investment implications. At UVIC, Darden's top-ranked faculty convened global thought leaders and hundreds of professional asset managers and discussed the following questions: What factors will drive future growth?What do the answers imply for the classic tasks of investors: asset selection, portfolio allocation and risk management?Which new products will truly revolutionize an industry?What's ahead in digital health care, cybersecurity, energy, technology and monetary policy? Read about what the experts had to say and why they have optimistic outlooks.