More speakers, sessions added!

Join us in April

The Time Summit is an alternative investment conference promoting long-term thinking, thoughtful discourse and new ideas


April 30th to May 1st

Pinehurst, North Carolina 

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Blending in-depth research sessions and private meetings in an academic, relaxed setting


Managed futures, Macro, Commodities, Digital Assets, Behavioral Science, Machine Learning, Statistics


Institutional investors, consultants and managers

The Time Summit is an annual event, owned and organized by Bridge Alternatives


Pinehurst Resort

Accommodations: 1-877-635-3791


Jad Abumrad

MacArthur Fellow & Host of the Peabody Award-winning Radiolab

Jad Abumrad is the host and creator of Radiolab (, a public radio program broadcast on 524 stations across the nation and downloaded more than 9 million times a month as a podcast. Most days, Radiolab is the 2nd most popular podcast, just behind This American Life.

Jad Abumrad did most of his growing up in Tennessee, before studying creative writing and music composition at Oberlin College in Ohio. Following graduation, Abumrad wrote music for films, and reported and produced documentaries for a variety of local and national public radio programs.

In 2002, Abumrad began tinkering with an idea for a new kind of radio program, an open-ended radio “laboratory.” Radiolab has since evolved into one of public radio’s most popular programs. Abumrad hosts the program with Robert Krulwich and also serves asits lead producer, composer and managing editor.

Abumrad employs his dual backgrounds as composer and journalist to create what’s been called “a new aesthetic” in broadcast journalism. He orchestrates dialogue, music, interviews and sound effects into compelling documentaries that draw listeners into investigations of otherwise intimidating topics, such as the nature of numbers, the evolution of altruism, or the legal foundation for the war on terror.

In 2010, Radiolab was awarded the prestigious George Foster Peabody Award and 2011 Abumrad was honored as a MacArthur Fellow (also known as the Genius Grant). The MacArthur Foundation website says: “Abumrad is inspiring boundless curiosity within a new generation of listeners and experimenting with sound to find ever more effective and entertaining ways to explain ideas and tell a story.” In 2015 the Radiolab episode ‘60 Words’ was awarded a George Foster Peabody Award. The Radiolab spinoff, More Perfect, a series about untold stories of the Supreme Court, is currently in its 2nd season. The New York Times called More Perfect “…possibly the most mesmerizing podcast.” An album inspired by the show and titled 27: The Most Perfect Album has contributions by Dolly Parton, Devendra Banhart, Flor de Toloache and They Might Be Giants. Alongside his radio work, Abumrad continues to work as a composer and remixer.

Michael Brandt

Co-Founder and CIO, QMS Capital

Michael Brandt is a co-founder and chief investment officer for QMS Capital, where he heads the Investment Committee and is responsible for overseeing the research and investment process. Michael is also a non-active faculty member at Duke University’s Fuqua School of Business and is a faculty research associate of the National Bureau of Economic Research. Prior to founding QMS Capital, Michael consulted for large financial institutions, served as an editor and on editorial boards of academic journals, and was a faculty member at the Wharton School of the University of Pennsylvania. He began his career at J.P. Morgan Futures and J.P. Morgan Securities. Michael holds a Ph.D. and MBA in finance from the University of Chicago and an MSc in economics from the London School of Economics. He serves on several academic advisory boards.

Joshua Coval

Co-Founder and Co-CIO, Laurel Canyon Partners

Josh is a co-founder and co-Chief Investment Officer at Laurel Canyon Partners. He is also the Jay Light Professor of Business Administration in Finance at Harvard Business School, where he has taught introductory and advanced investments courses for the past 15 years. His work is published in many leading finance and economics journals, is widely cited in the popular press, and has twice won the Smith Breeden Prize for the best paper in the Journal of Finance. Josh’s paper on Economic Catastrophe Bonds – presented at the National Bureau of Economics Research in July 2007 and covered in the Wall Street Journal at the time – identified systematic mispricing of senior CDO tranches prior to the financial crisis. Josh has a B.A. and M.A. in Economics from the University of Chicago and a Ph.D. in Business Economics from UCLA’s Anderson School. He has served as a consultant and advisor to several investment funds.

Ray Carroll

Managing Director and CIO, Neuberger Berman Breton Hill

Ray Carroll, PhD, CFA, Managing Director is Chief Investment Officer of Neuberger Berman Breton Hill (NBBH), a quantitative investment manager of Alternative Multi-Asset Solutions and Long only Solutions. NBBH is part of Neuberger Berman, a global employee-owned asset manager with over 300 billion in assets under management. Ray was Chief Executive Officer and co-founder of Breton Hill Capital (BHC), prior to its acquisition by Neuberger Berman. Previously, Ray was the Chief Investment Officer for the Mosaic division of Diversified Global Asset Management (DGAM), an alternative investment firm that was subsequently sold to The Carlyle Group. Ray started his career as Senior Manager at RBC Royal Bank and Vice President at RBC Capital Markets. Ray serves on the Invested Funds Committee of the Canadian Mathematical Society and holds a PhD in Mathematics from the University of Florida in the field of Inverse Problems, and holds a MSc and BSc in Mathematics from Dalhousie University. Ray has been awarded the Chartered Financial Analyst designation.

David Dunning

Professor, University of Michigan

David Dunning is Professor at the University of Michigan and a social psychologist focusing primarily on the psychology underlying human misbelief. His most cited work shows that people hold flattering opinions of their character and competence that cannot be justified from objective evidence, work supported by the National Institute of Mental Health, the National Science Foundation, and the Templeton Foundation. An author of over 150 journal articles, book chapters, and general interest pieces, he is half of the team responsible for describing the infamous Dunning-Kruger effect, in which ignorance fails to recognize itself. He has served as president of both the Society of Experimental Social Psychology and the Society for the Science of Motivation. He holds a BA from Michigan State University and a PhD from Stanford University, both in psychology.

Nicolas Girod

Head of Markets, ClearBlue Markets

Nicolas is a Managing Director and Head of Markets at ClearBlue Markets and has over 12 years of experience in the European and North American carbon markets. He has a deep understanding of the integration of the energy and carbon markets, having worked for banks and utilities as a risk manager, market analyst, and trader. As the Head of Markets for ClearBlue, Nicolas developed ClearBlue’s in-house analytical models for different carbon pricing systems such as the WCI market, EU-ETS, the Canadian Federal Carbon Pricing Backstop, and the BC And California Low Carbon Fuel Standards. Nicolas provides unique market insights, pricing, monthly risk management reports, and transaction services to support clients in minimizing compliance costs while maximizing opportunities.

Michael Green

Portfolio Manager, Thiel Macro, LLC

Michael W. Green, CFA, has over twenty years of direct investment management experience across multi-strategy hedge funds, mutual funds and separate account management. Prior to joining Thiel Macro, LLC, Mr. Green founded Ice Farm Advisors, a discretionary global macro hedge fund. Mr. Green founded and managed the New York office and global macro strategies for Canyon Capital Advisors, a $23B multi-strategy hedge fund based in Los Angeles and was a Portfolio Manager with Royce & Associates, a $39B AUM division of Legg Mason where he managed open end, closed and mutual funds. He is a graduate of the Wharton School at the University of Pennsylvania and a member of the New York Society of Security Analysts (NYSSA).

Lenny Hochschild

Partner, Environmental Commodity Partners

Lenny previously was Managing Director at Evolution Markets, the global leader in environmental commodity market brokerage, where he served in a variety of roles including being on Evolution’s Management Team, Head of Evolution’s Global Carbon desk (consistently voted Best Carbon Markets Brokerage Team), and founded & managed the Western U.S. Renewable Energy desk. He is the co-chair of IETA’s (International Emissions Trading Association) Western U.S. Working Group and was elected onto the inaugural board of WREGIS (Western Renewable Energy Generation Information System). A noted Environmental Commodity Markets expert, he has been speaker/moderator at numerous conferences over last decade, and quoted in BBC, CNBC, Bloomberg, New York Times, Reuters, and WSJ. Prior to joining Evolution in 2003, Lenny worked in a variety of commercial trading and origination roles in the energy and metals business for American Electric Power (AEP) in Columbus, OH (2002-2003), Enron in Houston, TX (2000 – 2001), Traxys in New York (1998-2000) and Rudolff Wolff & Company in London, England (1995-1998). Lenny received his B.A. with Honors from the University of Rochester.

Kathryn Kaminski

Chief Research Strategist, AlphaSimplex

As Chief Research Strategist at AlphaSimplex, Dr. Kaminski conducts applied research, leads strategic research initiatives, focuses on portfolio construction and risk management, and engages in product development. Dr. Kaminski is a member of the Investment Committee. She also serves as a co-portfolio manager for the AlphaSimplex Managed Futures Strategy.

Dr. Kaminski joined AlphaSimplex in 2018 after being a visiting scientist at the MIT Laboratory for Financial Engineering. Prior to this, she held portfolio management positions as a director, investment strategies at Campbell and Company and as a senior investment analyst at RPM, a CTA fund of funds.

Dr. Kaminski co-authored the book Trend Following with Managed Futures: The Search for Crisis Alpha (2014). Her research and industry commentary have been published in a wide range of industry publications as well as academic journals. She is a contributory author for both the CAIA and CFA reading materials. Dr. Kaminski has taught at the MIT Sloan School of Management, the Stockholm School of Economics and the Swedish Royal Institute of Technology, KTH.

Dr. Kaminski earned a S.B. in Electrical Engineering and Ph.D. in Operations Research from MIT where her doctoral research focused on stochastic processes, stopping rules, and investment heuristics. Dr. Kaminski is also a CAIA Charterholder.

Ewan Kirk

CIO, GAM Systematic's Cantab Capital Partners

Dr Ewan Kirk is Chief Investment Officer of GAM Systematic’s Cantab team. He co-founded Cantab Capital Partners in 2006, which became part of GAM Systematic in October 2016. His daily focus is research and development, risk management and managing the quantitative team. Prior to founding Cantab, Ewan Kirk ran the 120-strong Goldman Sachs Strategies Group in Europe, where he was responsible for all of Goldman Sachs’ quantitative technology. Ewan Kirk holds a PhD in Mathematics (General Relativity) from the University of Southampton, a Certificate in Advanced Study in Applied Mathematics from the University of Cambridge and achieved a First Class degree in Natural Philosophy and Astronomy at the University of Glasgow. He is based in Cambridge.

Jose Marques

CEO and Founder, Inferent Capital

Jose Marques is a 20-year veteran of many investment management businesses on both the buy and sell sides. His experience managing, driving and providing strategic direction on a global basis and across a wide variety of trading oriented businesses and asset classes is substantial. He is a very engaged hand on manager but still retains a clear investor-oriented focus, a high level of business acumen and an unimpeachable sense of personal responsibility. Additionally, he has extensive experience in trading technologies and is extremely well versed global market structure and regulatory frameworks.

Jose currently serves as CEO and is the Founder of Inferent Capital, LLC a quantitative process driven investment management business focusing on global equity market neutral strategies leveraging the latest advances in data science.

Jose’s academic background includes a PH.D. in Physics from the University of California as well as a member of the Research Faculty at Northwestern University. During Jose’s relatively short but prolific academic career, he published many papers in peer reviewed journals and had significant funding for his research activities from the US Department of Energy which were conducted principally at the Fermi National Accelerator Laboratory near Chicago Il.

Will Peets

CIO, Passport Digital Holdings

Will Peets is the Chief Investment Officer of Passport Digital Holdings, LLC and portfolio manager for the digital asset strategies at Passport Capital, a San Francisco-based, SEC-registered investment adviser focused on investing in secular change. Will joined Passport in 2014. Prior to his focus on digital currency strategies, Will served as the Chief Risk Officer for the firm’s long/short equity hedges funds where he and his team informed the portfolio construction process and provided guidance on position sizing, hedging, and the alignment of risk with the firm’s investment views. Preceding Passport, Will spent 7.5 years at MSCI consulting with hedge funds on their use of Barra and Risk Metrics in their portfolio construction process. Will is also an active venture investor, with investment themes spanning geospacial analytics, real-time data discovery, democratization of housing, remote work market places, and digital asset storage infrastructure and investment platforms. Will graduated from California Polytechnic State University San Luis Obispo, where he earned his B.S. in Business Administration with concentrations in Accounting and Finance. He is a CFA, CAIA Charterholder, and an ASA certified sailor.

Edward Rzeszowski

Managing Director, BlackRock Alternative Advisors

Edward Rzeszowski, Managing Director, is a member of BlackRock Alternative Advisors (BAA), the firm’s Hedge Fund Solutions team. Mr. Rzeszowski is a member of the Absolute Return Strategies Manager Research group within BAA and is a member of the BAA Management Committee. He is also a portfolio manager and is responsible for the sourcing, evaluating and monitoring of hedge fund managers.

Mr. Rzeszowski’s service with the firm dates back to 1995, including his time with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Rzeszowski was a Senior Hedge Fund Analyst and Portfolio Manager for the Global Horizons product. Prior to joining MLIM in 1995, Mr. Rzeszowski was responsible for the consolidation of managed futures risks at OMR Systems Corporation.

Mr. Rzeszowski earned a BA degree in economics and finance from the University of Pittsburgh in 1993.

Katie Sullivan

Managing Director, IETA

Katie serves as Managing Director of IETA, the premier global multi-sector business voice for the intersection of markets and climate change. For two decades, IETA’s mission has been to support durable climate policies and financial structures that attract private sector engagement and capital at scale. On behalf of IETA’s 150+ corporate members, Katie leads efforts to inform market solutions to address environmental challenges across Canada and globally. She also manages IETA’s growing climate finance, aviation and digital innovation sustainability initiatives. Katie currently sits on the University of Toronto’s Environmental Finance Committee, the 2019 International Student Energy Summit’s Advisory Panel, Canada’s International Carbon Capture & Storage Knowledge Centre Board, Ivey Foundation’s Climate Advisory Group, Biological Carbon Canada Advisory Group, and Blockchain for Climate’s Advisory Panel. Prior to IETA, Katie worked as a Senior Consultant at ICF International. Katie has recently been recognized as a Clean16 and Clean50 award recipient for contributing to Clean Capitalism Leadership in Canada.

Mick Swift

Deputy CEO and Research Director, Abbey Capital

As Research Director, and voting member of the Investment Committee, Mick manages and oversees Abbey Capital’s research and risk management processes as well as portfolio construction. He joined Abbey Capital in May 2002 after fifteen years as a trader and manager of trading teams.

Prior to joining Abbey Capital, Mick was a Director at AICM from 1998 to 2002. While at AICM, he worked in a trading capacity and also on product research and risk management. Previously, Mick was the Head of FX and European Interest Rate Trading at Bank of Ireland in Dublin from 1997 to 1998. Prior to that, Mick was Treasurer and EVP at Bank of Ireland’s New York Branch, where he ran the trading and sales operation from 1994 to 1997. In 1992, he became Head of Interest Rate trading at the bank. Mick initially joined the Treasury Division of Bank of Ireland in 1984 where he traded foreign exchange and interest rate markets on a proprietary basis.

Mick graduated with a Bachelors Degree in Commerce from University College Galway and holds an ACMA qualification.



Monday (4/29)

3:00pm – 6:00pm
The Cradle

Cradle Golf Outing

Hosted by Bridge Alternatives

The Cradle is a nine-hole short course that even the newest to the game can enjoy. The Golf Channel calls The Cradle, “the most fun 10 acres in all of golf.”  Bridge Alternatives will be organizing foursomes, pairing attendees to create a great afternoon of pre-conference networking. (Complimentary event with clubs provided onsite.)

6:00pm – 10:00pm
Carolina Hall and Terrace

Welcome Cocktails and Reception Style Dinner

A relaxing, evening of casual conversation, drinks and dinner with fellow Summit attendees.

Chapter One

Tuesday (4/30)

7:00am – 8:00am
South Room, Carolina Hotel

Rise and Shine

Enjoy an energizing start to the day with a guided hike or morning yoga

8:00am – 9:30am
Donald Ross Grill

Breakfast and Meetings

Breakfast buffet and an opportunity for attendee scheduled meetings

9:30am – 12:00pm
St. Andrews Room

Research Session #1

What we’re getting wrong with data-driven strategies

  • Michael Brandt, Co-Founder & CIO (QMS Capital Management)
  • Joshua Coval, Co-Founder and Co-CIO (Laurel Canyon Partners)
  • Ewan Kirk, CIO (GAM Systematic’s Cantab)
  • Edward Rzeszowski, Managing Director (BlackRock Alternative Advisors)

Whether the process is systematized or not, data is crucial and it’s where successful firms differentiate themselves.  At the Time Summit, we’ve enlisted some of the industry’s best to illuminate aspects of data and process including: the multiple testing problem, forward testing and the idea that we have less data than we think.  A panel will follow.

12:00pm – 1:30pm
Donald Ross Grill

Lunch and Meetings

Lunch buffet and an opportunity for attendee scheduled meetings

1:30pm – 3:30pm
St. Andrews Room

Research Session #2

Hypocognition: Making Sense of the Landscape Beyond One’s Conceptual Reach

  • David Dunning, Professor (University of Michigan)
  • Kathryn Kaminski, Chief Research Strategist (AlphaSimplex)
  • Ray Carroll, CIO (Neuberger Berman Breton Hill)
  • Jose Marques, CEO and Founder Inferent Capital
  • Mick Swift, Deputy CEO (Abbey Capital)

Hypocognition is defined as the “lack of a linguistic or cognitive representation for an object, category, or idea.” In other words, it focuses on the unknown unknowns. As we attempt to fill in the gaps we need to be careful of going to far and becoming vulnerable to its opposite – hypercognition – where we over apply familiar concepts to areas where they do not belong., As investment teams look for edge in uncorrelated themes and investment strategies, they will most surely have to find a balance here.

David Dunning will provide a keynote covering his research focused on Hypocognition. While his work crosses a variety of disciplines it has yet been focused on the world of finance and investing. Katy Kaminski will lead a panel discussion looking to bridge the gap. How do we start to think about developing heuristics for a world that is constantly evolving?

3:30pm – 6:00pm
2 View Ballroom

Meetings and Group Activity

Sponsored by Oasis Investment Strategies

Scheduled attendee meetings as well as an organized group activity

6:00pm – 7:30pm
Donald Ross Grill

Cocktail Reception

Guests will enjoy cocktails with an interactive putting game at Thistle Dhu outside the Donald Ross Veranda

7:30pm – 9:30pm
Outlook Ballroom


Southern BBQ

8:30pm – 9:30pm
Outlook Ballroom

Evening Lecture: 

Sponsored by ED&F Man Capital Markets

The Hard Thing About Communicating Hard Things

  • Jad Abumrad, MacArthur Fellow & Host of the Peabody Award-winning Radiolab

How do you craft an emotional story while translating very technical and abstract information? Drawing from raw tape of interviews with scientists, Jad Abumrad focuses on the inherent struggles in science communication or interpreting any technical or difficult information. What happens when you get it wrong, how to fix it, and how it’s useful to embrace error in the process.

9:30pm – 11:00pm
2 View Ballroom

Nightcaps and Conversation

Post dinner reception

Chapter Two

Wednesday (5/1)

7:00am – 8:00am
South Room, Carolina Hotel

Rise and Shine

Enjoy an energizing start to the day with a guided hike or morning yoga

8:00am – 9:30am
Donald Ross Grill

Breakfast and Meetings

Breakfast buffet and an opportunity for attendee scheduled meetings

9:30am – 10:30am
St. Andrews Room

Research Session #3

A new look at active vs. passive

  • Michael Green, Portfolio Manager (Thiel Macro)

As passive strategies continue to gain market share, Thiel Macro’s Michael Green has been considering the implications. In a thought-provoking presentation, Michael builds an interesting thesis, connecting abnormal short term market behavior with longer term cyclical demographics. He makes a compelling case that passive strategies are distorting the market’s ability to discount new flows, affecting valuations, correlations, volatility, plus those strategies seeking opportunity in mispricings (i.e. hedge funds).

10:30am – 11:30am
St. Andrews Room

Research Session #4

Current state of the crypto industry

  • Will Peets, CIO (Passport Digital Holdings)

Many correlate the overall health of the crypto industry with the price of Bitcoin. While prices plummeted across the board in 2018 it has been accompanied by continued development in new and existing projects. Where do we go from here? What is holding the space back from wider adoption? What are the guideposts that need to be seen for broader institutional investment?

11:30am – 1:00pm
Donald Ross Grill

Lunch and Meetings

Lunch buffet and an opportunity for attendee scheduled meetings

1:00pm – 3:00pm
St. Andrews Room

Research Session #5

Where are carbon markets today?

  • Lenny Hochschild, Partner (Environmental Commodity Partners)
  • Nicolas Girod, Head of Markets (ClearBlue Markets)
  • Katie Sullivan, Managing Director (IETA)

With about 20% of global carbon emissions under carbon pricing, we are witnessing renewed investment opportunities in the environmental commodity space. While this remains a niche market opportunity, there is good reason to believe that trading and investment opportunities in environmental commodities will continue to grow in the years to come. Why do these disparate markets exist? Who are the actors? What are the similarities and differences with other commodity markets?

We have assembled a group of industry leaders to provide an in depth session on the Carbon markets, supply / demand and legislative and policy risks.

3:00pm – 5:30pm
Outlook Ballroom

Meetings & Group Activity

Sponsored by Oasis Investment Management

Scheduled attendee meetings as well as an organized group activity

5:30pm – 9:00pm
Donald Ross Grill

Closing Reception and Dinner

A casual evening of networking.


Thursday (5/2)

7:00am- 10:00am
Pinehurst No. 2

Pinehurst No. 2 Outing

Pinehurst No. 2, the centerpiece of Pinehurst Resort, remains one of the world’s most celebrated golf courses. It has served as the site of more single golf championships than any course in America, and The U.S. Open will return in 2024. Bridge Alternatives has reserved a block of tee times and will organize an event for those who would like to join us.


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