Friday, December 4th, 2009 saw a large gathering of important speakers and financial authorities at the Hard Rock Café on 43rd Street and Broadway in New York City. The BALCONY Wall Street breakfast was sponsored by the Milberg Law Firm, EnTrust Capital, where Gregg Hymowitz is Managing Partner, BNYConvergEx, NYSUT, Saratoga Capital Management and WHY Hunger.
New York State Comptroller Tom DiNapoli was the keynote speaker, and he addressed the financial situation in New York. He reported that this year, the NYS pension fund has rebounded that that, as of September of 2009, it showed an 18% profit. He explained, as well, that bonuses are now federally regulated and that Wall Street accounts for 24% of all wages pain in NYC.
There were many financial leaders involved in the panel discussion included Barry Weprin, Gregg Hymowitz, James Parrott and many others.
View this interesting Power Point presentation prepared by EnTrust Capital Advisors where Gregg Hymowitz is the Managing Partner.
In this easy to watch slide show entitled, “Deconstructing Portable Alpha” you will learn what Portable Alpha is, what it does and how it works; you will learn what the individual components of portable Alpha are; how the Beta Component works including the Equity Indices; Hedge Fund Market Share in 1990 which was valued at $39 Billion; Hedge Fund Strategy Market Share in 2007 which was $2 Trillion; Diversification and Returns; and much more.
Gregg Hymowitz, Managing Partner of EnTrust Capital is regular guest on several panels and forums discussing economics and politics in the American society.
In one of these forums Mr. Hymowitz was quoted as saying,
This is solid, common sense advice that would behoove investors to adhere to. It is dangerous and unwise to follow the crowd and invest in trendy things or in the market in general based on remarks of politicians, the latest movie hit or whether there will be rain or snow. According to Gregg Hymowitz investing in the stock market is not the same as betting on a horse race. It is rather a chance to put your faith in a company in which you believe will succeed based on objective criteria which can be investigated.
There are many people at EnTrust Capital that have worked together to help make the enterprise the successful investment advising firm that it has become. In addition to Gregg Hymowitz, the managing partner there are also two other founding partners, Michael E. Horowitz and Mark S. Fife.
In 2004 John Hartigan joined EnTrust. He now is the Co-Chief Operating Officer of EnTrust Securities and the principal at the branch of EnTrust in Chicago.
Featured in this video is John Hartigan dicussing United Kingdom Trade and EnTrust Capital.
Certainly, as the baby boomer generation is retiring, more people want to understand corporate pension plans and how they work. Many investment firms, such as EnTrust Capital with managing partner Gregg Hymowitz, specialize in managing corporate pension funds.
Two of the most common types of corporate pension funds are defined-benefit plans and defined-contribution plans. Defined-benefit plans establish that an employee’s retirement benefits are tallied based on a set formula. This formula usually takes into consideration the length of employment and the salary history of the employee. The employer is responsible, in these cases, with funding the plan. With defined-contribution plans, on the other hand, there isn’t a set amount that the employee will receive from the plan upon retirement. The payout is dependent upon the success of the investment plan.
At this time, many companies are switching from defined-benefit to defined-contribution plans, as they require less from the employer. This is, of course, more beneficial for the employer, but less so for the employee in many cases.
Most investment firms manage money for individual and corporate clients. Their portfolio might include everything from Taft-Hartley Pension Funds and corporate pension plans to endowments and more. Firms such as EnTrust Capital, with managing partner Gregg Hymowitz, and many other companies, specialize in managing these funds.
In particular, a corporate pension plan is an arrangement that has been made between the company and its employees, or the employee’s union. The plan provides funds for the employee’s retirement and can be financed in a number of ways. Usually, both the employee and the employer contribute to the plan with a fixed amount contributed each month.
There are many types of corporate pension plans. Two of the most common plans are the defined-benefit plans and the defined-contribution plans.
EnTrust Capital is an independent investment firm specializing in managing alternative investments for Public, Corporate and Taft-Hartley Pension funds, foundations, endowments, and high net worth individuals and families.
Today, over 6% of all pension fund assets are actually Taft-Hartley Pension Funds. Most people are not familiar with exactly what a Taft-Hartley Pension Fund is, and it is certainly worthwhile to become more educated about what these funds are. EnTrust Capital, and managing partner Gregg Hymowitz, manages Taft-Hartley Pension Funds, in addition to their many other activities.
In 1947, an act of congress put these funds into action as part of an amendment to the Wagner Act of 1935. Today, these funds represent 420 billion dollars worth of investment capital. These funds are one way that companies provide benefits to their employees at the time of retirement. The money for the funds comes from contributions that the employer makes for the employee. The fund trustees are appointed in equal number by the union and the employer and they oversea the investment, including making decisions about what benefits the plan can afford upon retirement.
Most of the time, investment firms shoulder the responsibility for monitoring the funds and their investment strategies. Many firms, such as EnTrust Capital with Gregg Hymowitz, McMorgan & Company with John F. Santaguida and others, manage these funds and invest the money accordingly.
In his free time, which must certainly be quite limited, Gregg Hymowitz jumps in as a special guest on Cavuto on Business. This is an American business analysis program and is part of the Fox News Channel line-up. It airs on Saturday mornings on the Fox News Channel and is hosted by Neil Cavuto.
Of all of our of the Cost of Freedom shows, Cavuto on Business is the only one that has a recurring line up of special guests. Gregg Hymowitz brings his extensive business knowledge to his frequent appearances on the show. As the managing partner at EnTrust, Mr. Hymowitz has a wealth of knowledge to share with interested viewers. Recent topics on the show have included discussions about General Motors, unions and more.
Financial analysts and hedge fund leaders look ahead with anticipation to this year’s seventh annual InvestHedge Awards which will be held on March 11, 2010 the The Pierre in New York City. EnTrust, with its managing partner, Gregg Hymowitz, has been recognized at this awards ceremony a number of times, and they are proud to be part of this esteemed affair.
In 2008, Gregg Hymowitz’ work and that of others at EnTrust was recognized at the InvestHedge Awards when they were nominated as the Institutional Firm of the Year. In 2009, they were nominated for a Hedge Fund Industry Award as the Fund of Hedge Funds Leader of the Year.
This important event recognizes outstanding performance in the funds of fund industry based mostly on the Sharpe ration. This is a measure of returns above the risk-free rate divided by standard deviation. To qualify, a company must have a minimum asset of $100 million.
One of the basic strategies Gregg Hymowitz and his partners use to assure that every investing decision is for the best possible outcome for the investors, is to ride the wave of investing right along with his clients. This is accomplished by all the principals taking part as investors themselves in each investment they manage.
This stratagem is known as “significant equity ownership”. When the managers are partners in the investment right along with their clients, the clients can rest easy and feel assured that they are getting the best possible money management that can be acquired. There can be no conflict of interest in this scenario. It is a sound policy which is one of the (not so secret) secrets of the success of Gregg Hymowitz and EnTrust Capital.
One of the basic strategies Gregg Hymowitz and his partners use to assure that every investing decision is for the best possible outcome for the investors, is to ride the wave of investing right along with his clients. This is accomplished by all the principals taking part as investors themselves in each investment they manage.