MIAMI, May 10, 2011 /PRNewswire/ -- The Miami-based Florida Alternative Investment Association (FLAIA) hosted its inaugural "One-On-One" Capital Attraction Forum on April 27th & 28th at the Four Seasons Miami. The event provided an intimate environment for a number of the world's largest institutional investors to meet with high quality Florida-based hedge fund managers, complemented by a select number of national and international fund managers, to explore investment management opportunities.
Through FLAIA's innovative "One-On-One" event, pre-qualified Hedge Funds had the opportunity to showcase their funds and strategies to over $82 Billion of buy-side capital allocators. The two day event was comprised of more than 120 One-On-One meetings in which fund managers and institutional investors had the opportunity to present, understand and vet their respective strategies and mandates. Michael Corcelli, FLAIA's Chairman, commented on the unique structure of the event by saying, "The genesis of the idea for the One-On-One event came from a top 5 educational endowment looking at geography as a factor for their manager search and selection process in the hedge fund space." The well attended event gave Corcelli insight into what institutional investors are looking for in managers and how they approach tactical asset allocation during uncertain times. He found, first and foremost, that investors are looking for those funds with institutional infrastructure, good track records, and have been operating under the radar of main stream institutional allocators. The search for such managers is what enticed the majority of allocators in attendance to take a closer look at the pool of managers in Florida.
A highlight of the two day FLAIA event was a keynote address by Florida Governor Rick Scott, who presented the advantages of conducting business within the State of Florida and articulated his continued support of the Financial Services industry as a key industry for the state.
The FLAIA expects this to be the first of many large-scale efforts intended to elevate the status of Florida as a leading center for Alternative Investments and looks forward to broadening the focus of upcoming events to include Private Equity and Venture Capital participants as well. In addition, the association is in the planning phase for a similar conference that will highlight Florida's role as the "Gateway to Latin American Finance".