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Club Spotlight:
Wharton Hedge Fund
Network of the Wharton
Club of New York
NETWORKING IN A HOT INDUSTRY
Given the risks that today's businesses
and investors face—fluctuating
commodity markets, social and
political developments around the
globe, and damages caused by natural
disasters such as Hurricane Katrina—there is great demand for hedge
funds to preserve and grow assets despite
adverse events. So in early 2005,
the Wharton Hedge Fund Network
(WHFN) was founded as an Affinity
Group of the Wharton Club of New
York. Jewel Huijnen, WG'03, of ABP
Investments, Frank Frecentese, WG'01,
of Morgan Stanley and Jason Breemen,
WG'02, of UBS run the WHFN.
WHFN is open to Wharton alumni
in any location currently working in
any of the three categories of the hedge
fund community: traditional hedge
fund managers who seek out investments
in various types of securities;
allocators, who build "funds of hedge
funds" to diversify across the various
hedge fund strategies; and the firms
who provide services to fund managers
and allocators (including attorneys,
accountants, prime brokers and other
service providers). Though the Affinity
Group is considering holding events
for those seeking to learn more about
employment opportunities in the hedge
fund space, WHFN's focus is firmly on
providing advanced knowledge to those
with experience in hedge funds.
LEARNING FROM INDUSTRY
LEADERS
WHFN has had a highly successful first
year, and has benefited greatly from the
fact that many of our own Wharton
alumni are leading players in the hedge
fund space. The Group has held seven
events to date, and has attracted several
well-renowned speakers, including
Dan Zwirn, W'93, Barry Rosenstein,
WG'84, and Cliff Asness, W'88.
Zwirn, Rosenstein, and Asness all founded
and manage multi billion-dollar
hedge funds (D.B. Zwirn & Co, JANA
Partners, and AQR Capital, respectively)
and have built impressive track records
in the hedge fund arena. WHFN has
also held events with panels of speakers
on cutting-edge industry topics, including
its most recent, "Approaching the
New Frontier—Where Reinsurance
and Hedge Funds Meet."
If you'd like more information about
the WHFN and its activities, email
whfn@whartonny.com or visit the
Wharton Club of New York's site at
www.whartonny.com, and click on
"Special Interest Groups" and "Affinity
Groups."
For complete information and calendar
updates, visit www.wharton.upenn.edu/alumni/ and select "Alumni Event
Calendar" from the menu on the left.
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