FOX Direct Investors Council - December 2019


Monday, December 2, 2019 - 6:30pm to Wednesday, December 4, 2019 - 9:00pm


The FOX Owner/Operator Council '16 is composed of family members who directly oversee the operation of their family's financial enterprise, with or without staff, working together to share insights and strategies.  

The purpose of this council is to provide a forum for these leaders to test ideas, get peer advice, and learn from appropriate experts to improve their performance in managing the family’s wealth and preparing the family for the future.

Each Council works from a FOX developed curriculum that is tailored to the needs of the Council. Meetings include content from the curriculum as well as specific topics and discussions requested by the Council members. FOX provides the appropriate internal and external resources for lively, fruitful meeting

  • Agenda



Monday, December 2, 2019

6:00 p.m.


Combined Optional Council Dinner / FOX Direct Investing Dinne

Tuesday, December 3, 2019

8:30 a.m.






9:00 a.m.


Welcome: Introductions and Member Updates /
Update and Highlights from the FOX Anniversary Forum

Facilitated by Glen W. Johnson, Chief Operating Officer and
Cary Nourie, Director, Direct Investing Network, FOX




10:15 a.m.






10:30 a.m.


Case Study - Running Your Charity Like a Business

Too often the social impact of a nonprofit is impeded by its ability to apply progressive business practices to achieve financial success. This session will explore a case study of Enduring Hearts growth to becoming a national charity and what strategies the charity utilized to scale, diversified revenue streams and impact the ROI to drive research across North America for children with heart failure.




11:15 a.m.


If I Build It, Will They Come?

Mae Hong, Vice President, Rockefeller Philanthropy Advisors

Philanthropists are increasingly launching their own major projects and creating new organizations to achieve their charitable goals. This often requires a dramatic shift in mindset and new, different skills to fulfill those aspirations. When and why should you consider taking this approach? What are the options and risks in doing this? This session will explore those questions and help attendees think through options for leaving a lasting legacy for their passions.




12:00 p.m.






1:15 p.m.


V3 Limited

Todd Kellerman and Tim Wray, Co-founders & Principals, V3Limited

Despite a long-term and patient capital perspective, private fund and direct investment success is driven by sense-of-urgency and ahead-of-the-curve active management. 

Using a “real life” case study framework, V3Limited will be discussing their monitoring and alert methodologies as well as providing the council with a “first look” at their private equity benchmarking and reporting solution currently in development.  And with where we are in the economic cycle and what is being seen in the private equity market, V3 will also discuss where to focus resources, where to look for red flags, and what management preparations and action steps private investors should be taking now. 




2:45 p.m.






3:00 p.m.


Peer Dialogue

Facilitated by Glen W. Johnson and Cary Nourie, FOX




5:00 p.m.


Meeting Adjourns




6:30 p.m.


Council Dinner

  • Venue: Truluck’s – Seafood / Steak / Crab House

Wednesday, December 4, 2019

8:30 a.m.






9:00 a.m.


An Update on the EB5 Investment Immigration Visa Program
and its Impacts on US Businesses

Rakesh will provide an update on the EB5 investment immigration visa program of the US government, and the new regulatory changes around limits on size and what impacts these new changes are having on American businesses.  He will examine the EB5 program in general, the process of implementation and investment by foreigners, in context of the changes which will take place on 11/21.   

Regulatory changes are an outside and often unpredictable force that can have influence, negative or positive, on businesses and markets.  On a broader level Rakesh will examine regulatory changes and their direct impact on business, particularly with the present administration’s tariffs and other policies which are moving fast.




10:00 a.m.






10:15 a.m.  


Peer Dialogue Wrap-Up

Facilitated by Glen W. Johnson and Cary Nourie, FOX




11:15 a.m.  


  • Key Takeaways and Topics for the Next Meetings
  • Future Advisory Committee Members
  • Profiles of Members Who Would Enrich the Council






Lunch and the next two sessions will be shared with attendees of FOX´s Americas Family Enterprise Council (AmFEC).  AmFEC is a FOX Council similar to the Owner/Operator Council ’16, but made up of Latin America Family Offices.




11:45 p.m. to 1:00 pm






12:00 p.m.

Lunch Presentation:
2020 Economic and Investment Perspectives

Yung-Yu Ma, Chief Investment Strategist, BMO Wealth Management

Yung-Yu Ma will share his perspective on economic and investment outlook for 2020, including his views on major asset classes like Equities, Fixed Income, Commodities, analyzing as well major currencies and key risks.




1:00 p.m.


Direct Investing

Facilitated by Cary Nourie, Family Office Exchange

Members are encouraged to engage in a discussion about their direct investing experiences; sharing the sectors and deals they are active in, sharing best practices and lessons learned from their portfolio investments and direct investment efforts.




2:00 p.m.


Owner/Operator ’16 Meeting Adjourns 

  • AmFEC members break.  Return to room following break to continue the AmFEC council meeting