Saturday, December 23, 2017

Milken Institute Global Conference 2010

TSW Community:

The concept of Tribal Sovereign Wealth isn't new. I've personally been involved in conversations on this topic since about 2004-2005 and a group of us started using the term around 2007-2008.

In case you missed it, here is the video recording of panel from the Milken Institute Global Conference held in Los Angeles a number of us tribal investment professionals attended back in 2010.

Takeaways:

  • Critical Mass. Even in 2010, Indian Country was starting to see a critical mass in assets ($27B revenue, set $10B EBITDA, annually).
  • Conservative Asset Allocation. Most assets have historically been distributed via dividends or held largely in cash or low yield securities.
  • Need Tribal Business Leaders. We need young Native Americans to pursue education and experience in quantitative areas - including economics, finance and business. (If you are a young person, student or know of talented young people - please contact me so I can help connect them with top schools and job opportunities)
  • Many Tribes are Single Resource Limited. Gaming, natural resources, etc.
  • Gaming is Limited. Tribal gaming (nationally) revenues reached saturation and flattened out starting in 2009.
  • Partnerships. Some large investment opportunities are unique to tribal entities but can only be accessed by working together.
  • Opportunity. There is significant opportunities to create additional wealth which are unique to tribes, especially around land and natural resources. In most cases, it takes outside or intertribal partnerships to realize these opportunities.

Slides from the panel can be found here.

In Perpetuity,
-Jay


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Native American Sovereign Wealth: The Impact on Human Capital
Monday, April 26, 2010




Moderator
Shawn Baldwin, Chairman, Capital Management Group


Speakers
Joseph Callahan, Assistant General Manager and Chief Financial Officer, River Rock Casino
David Greendeer, Executive Administrative Officer, Ho-Chunk Nation
Bill Lomax, President, Native American Finance Officers Association
Stephen Manydeeds, Division Chief, Indian Affairs, U.S. Department of the Interior
Chris McNeil Jr., President and CEO, Sealaska

Session Summary
Long marginalized, many Native American tribes across the country have amassed substantial assets in recent years. This panel takes an in-depth look at their sources of wealth, from gaming operations to lucrative land rights, and examine how these income streams can be used to improve infrastructure and educational opportunities. When significant wealth comes to a particular tribe, how does it alter the fabric of the community? The discussion also explores how tribes are preparing for the future as they attempt to diversify and invest to create independence.

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