2020 Schedule

Due to COVID-19 concerns, CFA Institute has made the decision to cancel the 73rd CFA Institute Annual Conference scheduled for 17-20 May at the Georgia World Congress Center in Atlanta, Georgia USA.

View a visual representation of the conference schedule (PDF).

Sunday, 17 May 2020

11:45 a.m.–12:45 p.m.
CFA Institute Annual Members Meeting

12:00–7:00 p.m.
Registration

12:00–5:00 p.m.
Refreshments in Exhibit Hall

1:15–3:30 p.m.
The Research Foundation Workshop for the Practitioner
The Research Foundation Workshop for the Practitioner draws from the work supported by the CFA Institute Research Foundation to help participants enhance their practical investment knowledge, understand and apply new research, and contribute to effective client service. This is an optional, free workshop for delegates of the 73rd CFA Institute Annual Conference, pre-registration is not required.

Ted Aronson, CFA, Workshop Moderator
Founder and Managing Principal, AJO
Chair, CFA Institute Research Foundation

ESG and Responsible Institutional Investing around the World
Pedro Matos
John G. Macfarlane Family Chair and Professor of Business Administration
University of Virginia, Darden School of Business

  • Does ESG matter, and what role can institutional investors play? Highlights from the academic literature
  • New evidence from a study using data from the UN Principles of Responsible Investment reporting framework: Do institutional investors really “walk the (ESG) talk”? Are there trade-offs between sustainable investing and portfolio performance?
  • The challenges and future for ESG investing

Behavioral Finance: The Second Generation
Meir Statman
Glenn Klimek Professor of Finance
Leavey School of Business, Santa Clara University

  • Behavioral finance is in its second generation, describing people as “normal”—neither “rational,” as in standard finance, nor “irrational,” as in the first generation of behavioral finance.
  • Second-generation behavioral finance acknowledges the full range of people’s normal wants and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants.
  • Second-generation behavioral finance offers answers to important questions of finance, including saving and spending, portfolio construction, asset pricing, and market efficiency.

1:15–2:45 p.m.
A Master Class on AI and Machine Learning for Financial Professionals (Repeat Session)
Sri Krishnamurthy, CFA
President
QuantUniversity

The use of data science and machine learning in the investment industry is increasing. Financial firms are using artificial intelligence (AI) and machine learning to augment traditional investment decision making.
In this workshop, we aim to bring clarity on how AI and machine learning are revolutionizing financial services. We will introduce key concepts and, through examples and case studies, will illustrate the role of machine learning, data science techniques, and AI in the investment industry.

Agenda:
In Part 1, we will discuss key trends in AI and machine learning in the financial services industry, including the key use cases, challenges, and best practices.
In Part 2, we will illustrate two case studies where AI and machine learning techniques are applied in financial services.

Case studies:
1. Sentiment Analysis Using Natural Language Processing in Finance
In this case study, we will demonstrate the use of natural language processing techniques to analyze EDGAR call earnings transcripts that could be used to generate sentiment analysis scores using the Amazon Comprehend, IBM Watson, Google, and Azure APIs (application programming interfaces). We will illustrate how these scores can be used to augment traditional quantitative research and for trading decisions.
2. Credit Risk Decision Making Using Lending Club Data
In this case study, we will use the Lending Club data set to build a credit risk model using machine learning techniques.
Note: Both case studies will use Python and cloud-based technologies, but Python/technical experience is not required to attend this workshop. Delegates are encouraged, but not required, to bring their laptop to follow along with demos and examples.
Who should attend:

  • Fundamental and quantitative analysts, investment professionals, and portfolio managers new to data science and machine learning
  • Financial professionals new to data-driven methodologies
  • Machine learning enthusiasts interested in use cases in fintech and financial organizations
    Additional reading:
    1. “Speaking Data Science with an Investment Accent,” Cynthia Harrington, CFA Institute Magazine (21 December 2017)
    2. “Machine Learning: An Intuitive Foundation,” Sri Krishnamurthy(24 August 2016)

1:15–2:45 p.m.
The Power of Mindfulness for Building Resilience and Overcoming Stress (Repeat Session)
Donald Altman
Author, Mindfulness Consultant, and Trainer

  • Discover the four building blocks of resilience: calm, clarity, optimism, and happiness.
  • One-minute mindful breathing and other tools to reduce stress
  • Create mental habits that promote optimism and problem solving.
  • Gratitude—your powerful tool for building resilience and enhancing relationships

1:15–2:00 p.m.
Blue Zones: Secrets of a Long Life (Repeat Session)
Nick Buettner
Vice President of Product
Blue Zones, LLC

  • Discover the blue zones and what they can teach us.
  • How can you apply the lessons of the longest lived to add healthy years to your own life?
  • Learn how these lessons are being applied to entire communities across the United States to make the healthy choices the easy choices.

Specialty Focus Area: Personal Development

Note: This session is also offered Sunday, 17 May 2020 at 3:45 p.m.

1:15–2:00 p.m.
The Secret to Becoming Mentally Strong: How to Develop the Mental Toughness You Need to Reach Your Greatest Potential
Amy Morin
Psychology Lecturer, Northeastern University
Author, 13 Things Mentally Strong People Don’t Do

Shreenivas Kunte, CFA, CIPM, Moderator
Director, Continuing Education and Advocacy, Professional Learning India
CFA Institute

  • Gain insight from a psychotherapist into the secrets to being mentally strong based on research and personal experience overcoming heartache.
  • The secret to being mentally strong isn’t about what people do; it is more about what they do not do.
  • Hear common unhealthy habits, and learn how giving up unhealthy thoughts, behaviors, and emotions holding you back will help you become more effective.
  • Learn via research, examples, and stories, and explore the three main types of self-limiting beliefs, the 13 habits that rob us of mental strength, and the exercises that build mental muscle and help us reach our greatest potential.

Specialty Focus Area: Personal Development

2:00–2:30 p.m.
Refreshment Break with Exhibitors

2:30–3:15 p.m.
The Misinformation Age: How False Beliefs Spread
Cailin O’Connor
Associate Professor in the Department of Logic and Philosophy of Science
University of California, Irvine

Nathan Kowalski, CFA, Moderator
Chief Financial Officer and Senior Portfolio Manager
Anchor Investment Management Ltd.

  • Why do people hold false beliefs, even when there is ample evidence opposing them?
  • How does our social nature determine what we think is true of the world?
  • How can propagandists control the outcomes of science and what we believe?

Specialty Focus Area: Global Trends

2:30–3:15 p.m.
The Nationalist Revival: Trade, Immigration, and the Revolt against Globalization
John B. Judis
Editor-at-Large
Talking Points Memo

Neil Govier, CFA, Moderator
Regional Director, APAC, Professional Learning
CFA Institute

  • Are we headed toward a political revolution?
  • The challenge to the political center by the anti-capitalist left and populist right
  • Why the populist right? Trump, Brexit, and the European right; the new nationalism; how global capitalism has produced discontented working classes
  • Why the left? Warren and Sanders, Labour’s Corbyn, and the rebellion of the young; the unexpected revival of socialism; the anxieties created by climate change and economic insecurity
  • What’s at stake in the next election in the United States?

Specialty Focus Area: Global Trends

3:00–4:30 p.m.
A Master Class on AI and Machine Learning for Financial Professionals (Repeat Session)
Sri Krishnamurthy, CFA
President
QuantUniversity

The use of data science and machine learning in the investment industry is increasing. Financial firms are using artificial intelligence (AI) and machine learning to augment traditional investment decision making.
In this workshop, we aim to bring clarity on how AI and machine learning are revolutionizing financial services. We will introduce key concepts and, through examples and case studies, will illustrate the role of machine learning, data science techniques, and AI in the investment industry.

Agenda:
In Part 1, we will discuss key trends in AI and machine learning in the financial services industry, including the key use cases, challenges, and best practices.
In Part 2, we will illustrate two case studies where AI and machine learning techniques are applied in financial services.

Case studies:
1. Sentiment Analysis Using Natural Language Processing in Finance
In this case study, we will demonstrate the use of natural language processing techniques to analyze EDGAR call earnings transcripts that could be used to generate sentiment analysis scores using the Amazon Comprehend, IBM Watson, Google, and Azure APIs (application programming interfaces). We will illustrate how these scores can be used to augment traditional quantitative research and for trading decisions.
2. Credit Risk Decision Making Using Lending Club Data
In this case study, we will use the Lending Club data set to build a credit risk model using machine learning techniques.
Note: Both case studies will use Python and cloud-based technologies, but Python/technical experience is not required to attend this workshop. Delegates are encouraged, but not required, to bring their laptop to follow along with demos and examples.

Who should attend:

  • Fundamental and quantitative analysts, investment professionals, and portfolio managers new to data science and machine learning
  • Financial professionals new to data-driven methodologies
  • Machine learning enthusiasts interested in use cases in fintech and financial organizations

Additional reading:
1. “Speaking Data Science with an Investment Accent,” Cynthia Harrington, CFA Institute Magazine (21 December 2017)
2. “Machine Learning: An Intuitive Foundation,” Sri Krishnamurthy(24 August 2016)
Note: This session is also offered Sunday, 17 May 2020 at 1:15pm. This Interactive Workshop requires pre-registration and is now full.

3:00–4:30 p.m.
The Power of Mindfulness for Building Resilience and Overcoming Stress (Repeat Session)
Donald Altman
Author, Mindfulness Consultant, and Trainer

  • Discover the four building blocks of resilience: calm, clarity, optimism, and happiness.
  • One-minute mindful breathing and other tools to reduce stress
  • Create mental habits that promote optimism and problem solving.
  • Gratitude—your powerful tool for building resilience and enhancing relationships

Note: This session is also offered Sunday, 17 May 2020 at 1:15pm. This Interactive Workshop requires pre-registration and is now full.

3:15–3:45 p.m.
Refreshment Break with Exhibitors

3:30–4:00 p.m.
The Research Foundation Networking Reception and Book Signing
Join the CFA Institute Research Foundation for a networking reception and book signing with speakers from the Research Foundation Workshop.

3:45–4:30 p.m.
168 Hours: Succeeding at Work and Life, 24/7
Laura Vanderkam
Author, Off the Clock and 168 Hours

Brian Portnoy, CFA, Moderator
Head of Education
Magnetar Capital

  • Are you struggling to make time for everything that matters?
  • Take steps to figure out where the time really goes, set goals, and build those priorities into a schedule.
  • Leave with practical strategies for building in space, using bits of time, and feeling less busy while getting more done, both at work and at home

Specialty Focus Area: Personal Development

3:45–4:30 p.m.
Blue Zones: Secrets of a Long Life (Repeat Session)
Nick Buettner
Vice President of Product
Blue Zones, LLC

  • Discover the blue zones and what they can teach us.
  • How can you apply the lessons of the longest lived to add healthy years to your own life?
  • Learn how these lessons are being applied to entire communities across the United States to make the healthy choices the easy choices.

Specialty Focus Area: Personal Development

Note: This session is also offered Sunday, 17 May 2020 at 1:15pm.

5:00–6:15 p.m.
Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts
Annie Duke
Author and Former Professional Poker Player

Paul Sullivan, Moderator
Wealth Matters Columnist
New York Times

  • How probabilistic thinking can help you make better choices based on lessons learned from the intersection of poker and cognitive science
  • Separate skill and luck in order to make better, more impartial life decisions.
  • Learn how to think through competing viewpoints before making a final decision and how not to engage in “resulting”—conflating outcomes with the decisions leading up to the outcome.
  • How to refocus away from black and white thinking and learn to think in probabilities, taking uncertainty and unpredictability into account in order to make better decisions

6:30–7:30 p.m.
Welcome Reception in Exhibit Hall

Monday, 18 May 2020

8:00 a.m.–5:30 p.m.
Registration and Information Desk Open

8:00 a.m.–4:15 p.m.
Exhibit Hall Open

8:00–9:00 a.m.
Coffee with Exhibitors

8:00–8:45 a.m.
Sponsored Corporate Presentations

9:00–9:30 a.m.
Conference Welcome and Remarks

9:30–10:15 a.m.
How a Data-Driven Investor Navigates a Headline-Driven Market
Jack Ablin, CFA
Founding Partner and Chief Investment Officer
Cresset Capital

  • Data has taken a back seat to a market dominated by trade negotiations, political finger pointing, and tweets.
  • The cascade of capital into passive index strategies has caused value stocks to fall behind the market.
  • Textbooks told us that interest rates couldn’t go below zero, yet as much as $17 trillion of bonds globally sported negative yields.
  • Learn how and why data still matters and how to use it to navigate today’s markets.

10:15–10:45 a.m.
Refreshment Break with Exhibitors

10:45–11:45 a.m.
The Anatomy of Choice
Daniel Crosby
Chief Behavioral Officer
Brinker Capital

Paul Sullivan, Moderator
Wealth Matters Columnist
New York Times

  • Discover ways in which improving small choices made every day can dramatically improve both life and investment outcomes.
  • Learn how many decisions occur without conscious awareness, and access tools for bringing unconscious and biased decisions to light.
  • Create practical methods for improving investment decisions by integrating learning into daily processes.

11:45 a.m.–1:45 p.m.
Networking Lunch

12:45–1:30 p.m.
Sponsored Corporate Presentations with Dessert

1:45–2:30 p.m.
Words Matter: CEO Candor and Financial Performance
L.J. Rittenhouse
CEO
Rittenhouse Rankings, Inc.

Richard Stott, Moderator
Founding Partner and CEO
CONNECTUM Family Wealth Management

  • Reading CEO shareholder letters for positive and negative sentiments is a learned discipline and should be evaluated as part of the analytical process.
  • Analyzing CEO language reveals insights about strategic and cultural relevance, innovation success, and leadership accountability.
  • Protect your portfolios: Learn why BS is worse than lying.

1:45–2:30 p.m.
Get Paid to Play: Risk-Based Portfolio Construction
Shundrawn A. Thomas
President
Northern Trust Asset Management

Lynn Raebsamen, CFA, Moderator
CEO
Swiss Vanquest AG

  • Over the long term, investors should be rewarded for the risk they take relative to their desired investment objectives and observed risk preferences.
  • Conventional approaches to asset allocation may mask underlying biases or concentrations, resulting in unintended risk exposures and/or uncompensated portfolio risks.
  • Risk-based portfolio construction fulfilled through efficient investment vehicles allows advisers to better ensure investors are compensated for the risk they take.

Specialty Focus Area: Capital Markets

1:45–2:30 p.m.
Asset Allocation for Private Clients: Long-Term Planning in a Low Rate Environment
Adrian J. Cronje, CFA
CEO and Chief Investment Officer
Balentine

Blair duQuesnay, CFA, Moderator
Investment Advisor Representative
Ritholtz Wealth Management

  • Has a decade of financial repression created “extrapolation risk” for a generation of advisers and wealth managers?
  • Do current assumptions appropriately account for client longevity in the decades to come?
  • In an era of historically low yields, what investment strategies will help bridge the gap between what is needed and what is available?

Specialty Focus Area: Wealth Management

1:45–2:30 p.m.
No B.S. Branding: Unleash Your Superpowers to Build a Brand That Sells
Curt Mercadante
Principal

Anastasia Diakaki, Moderator
Regional Director, EMEA, Professional Learning
CFA Institute

  • Starting with the basics: Who are you? What are your strengths? What are your branding goals?
  • Advice for creating a business brand or creating your own “self-brand” at work
  • Discovering your superpowers and how can you use them to build your brand
    • Using branding tools like LinkedIn and Twitter

Specialty Focus Area: Career Development

1:45–2:30 p.m.
Ethics/the Practicality of Moral Philosophy for Investment Directors
Eelco Fiole, CFA
Managing Partner
Alpha Governance Partners

Susan Spinner, CFA, Moderator
Managing Director
CFA Society Germany

  • Relationship between investment governance quality and behavior
  • From moral importance to fiduciary duty
  • Increased ethical awareness made easy

Specialty Focus Area: Ethics

1:45–2:30 p.m.
Tips for Successful Active Investing
Jim O’Shaughnessy
Chairman and Co-Chief Investment Officer
O’Shaughnessy Asset Management

Neil Govier, CFA, Moderator
Regional Director, APAC, Professional Learning
CFA Institute

  • Successful active investors have a long-term perspective on their investments.
  • Successful active investors value process over outcome.
  • Successful active investors generally ignore forecasts and predictions.
  • Successful active investors are patient and persistent.

Specialty Focus Area: Capital Markets

2:30–3:00 p.m.
Refreshment Break with Exhibitors

3:00–3:45 p.m.
Managing the Global Legacy: Helping International Families Think about the United States in Their Planning
Andrew S. Auchincloss
Partner
Schlesinger Lazetera & Auchincloss LLP

Phillip Sundquist, CFA, Moderator
Managing Director
Sundquist Advisory LLC

  • Inbound planning:
    • Transferring global wealth to US beneficiaries
    • Pre-immigration planning for individuals coming to the United States
  • Outbound planning
    • Planning for leaving the US tax system
  • Importance of goal-based planning in international situations

Specialty Focus Area: Wealth Management

3:00–3:45 p.m.
Prospects for Emerging Market Debt
Jennifer Gorgoll, CFA
Managing Director
Neuberger Berman

George Spentzos, CFA, Moderator
Investment Director
LNG Capital LLP

  • How has the sector changed in the wake of the financial crisis and after years of low interest rates?
  • Has the coronavirus and the related global supply chain disruption changed the story for emerging market borrowers going forward
  • Credit quality, relative value, and where emerging market debt fits in the global fixed-income portfolio

3:00–3:45 p.m.
Global Economic Risks and Rewards
Alejandra Grindal
Senior International Economist
Ned Davis Research Group

Gerard Lee, CFA, Moderator
CEO
Lion Global Investors Ltd.

  • Assessing where we are in the global business cycle and what it means for the economy and your investments
  • What are the most significant macro risks we’re facing, including short-term and long-term concerns, such as demographics and debt
  • Weighing the risks and rewards of the world’s major countries and regions—namely, the United States, China, and Europe

Specialty Focus Area: Global Trends

3:00–3:45 p.m.
Africa’s Next Century: Taking a Thoughtful Approach to the World’s Most Dynamic Markets
Melissa Cook, CFA
Managing Director
African Sunrise Partners, LLC

Mohammad Shoaib, CFA, Moderator
CEO
Al Meezan Investment Management Limited

  • Media coverage of the continent makes sweeping and often unhelpful generalizations.
  • With 1 billion people—over half under the age of 25—Africa could lead the world in growth and innovation.
  • Risk is perceived to be very high, but is that really true? What’s the risk of not being there?
  • Learn about the real drivers of growth and value creation—by asset class, region, and sector.
  • Hear from a practitioner with extensive on-the-ground knowledge and a global perspective.

Specialty Focus Area: Alternative Investing

3:00–3:45 p.m.
Sustainable Investing: What Works, Red Flags, and Points of Interest
Julie Gorte
Senior Vice President for Sustainable Investing
Impax Asset Management LLC and Pax World Funds

Matt Orsagh, CFA, CIPM, Moderator
Senior Director, Capital Markets Policy
CFA Institute

  • Sustainable investing, once seen as a niche, is now seen as a set of principles and techniques that investment managers of all stripes can use.
  • Increasingly, asset managers see sustainability issues as material to financial performance and as possible sources of tail risk that need to be understood better.
  • Key issues that many investors now see as something all asset managers need to understand include climate risk, gender diversity, and the transition to a sustainable economy.
  • There is much talk about “confusion” in ESG ratings and standards inhibiting progress; learn why that’s not something you need to pay attention to.

Specialty Focus Area: Sustainable Investing

3:00–3:45 p.m.
Early-Stage Investing in Technology Companies: The “Whys” and the “Hows”
Anna Garcia, CFA
Co-Founder and Partner
Runway Venture Partners

Rani Piputri, CFA, Moderator
Head of Automated Intelligence Investing
NN Investment Partners

  • Why should investment portfolios allocate to early-stage venture capital?
  • Where is the most compelling opportunity in technology investing today?
  • What do VCs look for in a prospective investment?
  • Effective deal sourcing and other critical success factors of venture capital

Specialty Focus Area: Tech

3:45–4:15 p.m.
Refreshment Break with Exhibitors

4:15–5:15 p.m.
Dog Days: Who Wins and Who Loses in Today’s Digital Economy
Scott Galloway
Professor of Marketing
NYU Stern School of Business

  • No mercy/no malice perspective on the biggest trends, strategies, and innovations that separate winners and losers in today’s digital economy
  • From the dominance and behaviors of Amazon and Facebook to network effects and recurring revenue, which winners and losers have emerged
  • What you can learn from the winners and losers, and how they will affect the future of business

Tuesday, 19 May 2020

8:00 a.m.–6:00 p.m.
Registration and Information Desk Open

8:00–9:00 a.m.
Coffee with Exhibitors

8:00 a.m.–4:45 p.m.
Exhibit Hall Open

9:00–9:15 a.m.
Conference Welcome and Remarks

9:15–10:15 a.m.
Power and Prediction: The Disruptive Economics of Artificial Intelligence
Ajay Agrawal
Geoffrey Taber Chair in Entrepreneurship and Innovation
Founder and Academic Director of the Creative Destruction Lab
Rotman School of Management, University of Toronto

Jen Wieczner, Moderator
Senior Writer
Fortune Magazine

  • Many applications of AI enhance productivity by improving upon existing predictive analytics—such as banking applications in fraud detection, anti-money laundering, know your customer, credit scoring, and sanction screening—but some uses have a more profound effect: They shift power and can change market structure.
  • When AI simply improves upon existing predictive analytics, power structures do not change, so the strategic implications are limited. In these cases, success depends primarily on well-managed implementation; the objective is enhanced operational efficiency.
  • Decisions concerning when, where, and how to deploy AI to improve upon existing predictive analytics require oversight from the COO but not the CEO. These AIs are tactical, not strategic.
  • Learn about the wide-ranging work of the Creative Destruction Lab—the largest seed-stage program for massively scalable science-based programs.

10:15–10:45 a.m.
Refreshment Break with Exhibitors

10:45–11:45 a.m.
Investing in Disruptive Innovation: The Big Ideas of 2020
Catherine D. Wood
CEO and Chief Investment Officer
ARK Investment Management LLC

Jen Wieczner, Moderator
Senior Writer
Fortune Magazine

  • Three criteria used to identify transformational innovation platforms
  • Are we witnessing signs of a recession or a deflationary boom?
  • Investing in disruptive innovation to take advantage of market inefficiencies
  • Big ideas: The technological breakthroughs investors shouldn’t miss in 2020

11:45 a.m.–1:45 p.m.
Networking Lunch

12:45–1:30 p.m.
Sponsored Corporate Presentations with Dessert

1:45–3:15 p.m.
Private Investments for Private Clients: A Practical Approach
Steve Balaban, CFA
Founder and Chief Investment Officer, Mink Capital Inc.
Award-Winning Lecturer, University of Waterloo

George Chen, CFA, CIPM, Moderator
Manager
Red Tortoise LLC

  • Understanding current trends in private markets and the role of private assets in a diversified portfolio
  • How managers and advisers can best access private markets on behalf of their clients
  • How to beat the “minimums game,” handle capital calls, and address other challenges of private investing

Specialty Focus Area: Wealth Management

1:45–3:15 p.m.
Value This, You Must! A Jedi Guide to Valuation
Aswath Damodaran
Kerschner Family Chair Professor of Finance
Stern School of Business, New York University

Brian D. Singer, CFA, Moderator
Head of Dynamic Allocation Strategies Team
William Blair

  • Big picture perspective on lessons on valuations with a review of the basics of valuation and how to convert tools and models into valuations
  • Accounting is not finance—a look at the divide between an accounting mindset and a valuation mindset
  • Just because you have a D and a CF does not mean that you have a DCF: Intrinsic value is about asking and answering questions about businesses and making consistent assumptions.
  • Valuation is not modeling; valuation is more than modeling, it is better to be accurate than precise, and accuracy is relative.
  • Precise models are not always accurate models, and the payoff to valuation is not determined by how accurate your valuation is but how accurate it is, relative to other people valuing the same asset—a look through the IPO valuation of Twitter.
  • Price is not value: The value process and the pricing process are driven by different determinants and often yield different numbers for the same asset.
  • Valuation is a craft: You have to keep working at it to get better, and investing takes faith; you have to have faith in your value (with no confirmation) and faith that the price will adjust to the value (with no proof). Both faiths will be tested, and most of us will be found wanting.

Specialty Focus Area: Capital Markets

1:45–3:15 p.m.
Investing in a Better World: The Role of Asset Owners in Encouraging Good Governance and Shaping Sustainable Business Practices
Dan Bienvenue, CFA
Interim Chief Operating Investment Officer and Managing Investment Director, Global Equity
California Public Employees’ Retirement System (CalPERS)

Hiro Mizuno
Executive Managing Director and Chief Investment Officer
Government Pension Investment Fund of Japan

Deborah Ng, CFA
Director, Strategy, and Head of Responsible Investing
Ontario Teachers’ Pension Plan

Richard Brandweiner, CFA, Moderator
Chief Executive Officer
Pendal Australia

  • How are major asset owners approaching “solution-based” investment strategies, such as ESG, impact investing, and activist investing, and how have they built appropriate cultures and operational capabilities to support favored investment approaches?
  • What processes and principles must be established for asset owners to have a positive impact on companies they invest in? How are investment priorities established?
  • How do asset owners quantify their impact? What risks and trade-offs are associated with a more activist approach to investing?

Specialty Focus Area: Sustainable Investing

1:45–3:15 p.m.
Cultural Fluency: The Art of Connecting in Global Business
Jane Hyun
Founder and President, Hyun & Associates
Global Leadership Strategist and Author

Richard Fernand, Moderator
Global Content Director, Professional Learning
CFA Institute

  • The globally connected workplace demands more agility in our ability to understand differences in motivations, values, and communication patterns.
  • Culture affects interpersonal dynamics, including styles of communication; how you relate to clients, colleagues, and team members; and our approach to critical business problems.
  • Without navigation tools, you may neglect culture issues, leading to disengagement, attrition, or delayed innovation.
  • Discover what it means to be a “fluent leader,” the skill of “flexing,” and how to understand the unwritten “code” for navigating differences and strengthening relationships with others.

Specialty Focus Area: Career Development

1:45–3:15 p.m.
#DeFi – The World of Decentralized Finance
Campbell R. Harvey
Professor of Finance, Duke University
Partner and Senior Advisor, Research Affiliates, LLC

Eelco Fiole, CFA, Moderator
Managing Partner
Alpha Governance Partners

  • Leveraging decentralized networks to create new financial products without intermediaries
  • What the world looks like without traditional banks
  • Stablecoins and new barter systems

Specialty Focus Area: Tech

1:45–3:15 p.m.
Investing through Booms and Busts—An Unconventional Approach
Vikram Mansharamani
Lecturer
Harvard University

Morgan Housel, Moderator
Partner
Collaborative Fund

  • A discussion of the rising risks from growing nationalism, increasing protectionism, and unconventional monetary policies
  • An exploration of opportunities identified when navigating the cross-currents of global economic, financial, and political developments
  • A demonstration of how to apply an analytical framework to current conditions to forecast potential future outcomes, drawing on examples from art markets, architecture, and popular culture, as well as economics and politics

Specialty Focus Area: Investment Strategies

3:15–3:45 p.m.
Refreshment Break with Exhibitors

3:45–4:30 p.m.
Are ETFs the Panacea? Exploring the Intrinsic Risks and Opportunities of ETF Trading
Samantha Merwin, CFA
Head of Markets Advocacy for ETF and Index Investing Markets & Investments
BlackRock

Steve Oh
Head of ETF Listings
Nasdaq

Jayesh D. Bhansali, CFA, Moderator
Chief Investment Officer
IRIQIV

  • What are ETFS? What product flavors (e.g., passive, active, smart beta, and multi-asset) are in the market now?
  • What are the benefits of adding ETFs to your investment portfolio, and how should you approach ETF investing?
  • Have ETFs truly been tested in a period of high market volatility? Do they pose a systemic risk or the potential for material, sustained, and widespread losses due to some sort of market breakdown?
  • What are regulators thinking about at this time?
  • Do ETFs carry a liquidity risk? Should we think of ETFs as truly transparent vehicles, and does that matter?

Specialty Focus Area: Alternative Investing

3:45–4:30 p.m.
The Role of Technology in the Investment Decision-Making Process
Claire Gallagher, CFA
Quantitative Analyst
Orbis Investment Advisory Ltd.

Larry Cao, CFA, Moderator
Senior Director, Industry Research
CFA Institute

  • Technology and human judgement can work together to enhance investment decision making. At each step of the process (e.g., idea generation, research, stock selection, capital allocation, trading, and performance evaluation), there are tasks that computers are better able to handle and others where humans have the edge.
  • Computers are good at solving problems where the rules are constant and there’s a fixed number of outcomes, but humans are better at dealing with problems where the rules change, and the possibilities are infinite. Technology and AI excel in processing large amounts of data. In particular, AI is better at spotting historical patterns and technology is also effective when analyzing performance results and identifying areas of potential improvement.
  • Humans are more creative, more flexible, and better at abstract thinking. This allows the human investor to imagine a wider range of potential outcomes, including situations where there has been a fundamental change (e.g., industry disruption, political changes) that might cause the future to differ from the past.
  • Specific stock examples offer perspective on how investors might use technology to complement traditional fundamental analysis.

Specialty Focus Area: Tech

3:45–4:30 p.m.
Marijuana in Markets: The Dos and Don’ts of Cannabis Investing
Steven J. Hawkins
President and CEO
Horizons ETFs Management (Canada) Inc.

Anish Chopra, CFA, Moderator
Managing Director and Portfolio Manager
Portfolio Management Corporation

  • From the world’s first listings to the US Safe Banking Act, how the investing history of cannabis has transformed
  • The do’s and don’ts and other lessons learned about cannabis investing, one year after Canada’s legalization
  • The globalization of cannabis: What worldwide legalization and acceptance could mean for tomorrow’s marijuana markets

Specialty Focus Area: Alternative Investing

3:45–4:30 p.m.
Active Fixed-Income Investing Late Cycle: Opportunity and Risk
Marc P. Seidner, CFA
Chief Investment Officer of Nontraditional Strategies, Managing Director, and Head of Portfolio Management, New York
PIMCO

Shreenivas Kunte, CFA, CIPM, Moderator
Director, Continuing Education and Advocacy, Professional Learning India
CFA Institute

  • Adjusting portfolios and levels of risk taking to align with the current stage of the market cycle
  • The importance of valuation analysis and knowing whether risks are being adequately compensated for
  • Being prepared for the future: Stress testing for multiple states of market outcomes, considering alternative risk premiums, maintaining liquidity, and ensuring diversification
  • Fixed-income strategies to produce positive returns in a more uncertain environment—bottom-up security selection, focus on relative value, capitalizing on market disruption, and more

Specialty Focus Area: Capital Markets

3:45–4:30 p.m.
Seven Mistakes Every Investor Makes (and How to Avoid Them)
Joachim Klement, CFA
Independent Investment Strategist

Michael S. Falk, CFA, Moderator
Partner
Focus Consulting Group

  • Every investor makes mistakes, but some mistakes are common among professional investors and may sometimes even be considered best practice.
  • An overview of some common investment practices, and a look at the empirical evidence of how and why these practices lead to lower performance.
  • Gain tips and tools to remedy the negative effect of practices that can hurt your investment performance.

Specialty Focus Area: Capital Markets

3:45–4:30 p.m.
The Ultimate Success Formula: Leadership Presence and Emotional Intelligence
Christiane St-Amour
Executive Coach and Leadership Development Specialist

Heather A. Packard, Moderator
Regional Director, Professional Learning Americas
CFA Institute

  • What can leadership presence and emotional intelligence do for your career?
  • Emotional intelligence: The critical element to your success
  • What is leadership presence, and how can you build personal influence in your organization?

Specialty Focus Area: Career Development

4:30–4:45 p.m.
Transition Break

4:45–5:45 p.m.
Mastering the Market Cycle—Getting the Odds on Your Side
Howard S. Marks, CFA
Co-Chairman
Oaktree Capital Management

Brian D. Singer, CFA, Moderator
Head of Dynamic Allocation Strategies Team
William Blair

  • Looking for market patterns: Why do cycles occur?
  • What do bull markets have in common?
  • When are the odds or our side?
  • What does where we stand in the cycle imply about what’s coming next?

6:30–10:00 p.m.
Networking Reception and Dinner

Wednesday, 20 May 2020

8:00 a.m.–1:00 p.m.
Registration and Information Desk Open

8:00–10:45 a.m.
Exhibit Hall Open

8:00–9:00 a.m.
Coffee with Exhibitors

9:00–9:15 a.m.
Conference Welcome and Remarks

9:15–10:15 a.m.
What You Need to Know about the New China
Kerry Brown
Professor of Chinese Studies and Director, Lau China Institute
King’s College London

Mary Childs, Moderator
Co-host and Correspondent
Planet Money podcast, NPR

  • How China is becoming the next superpower and leading influencer—based on its size and population, its manufacturing sector, GDP, and trade presence
  • What matters to China? A look at China’s displays of military prowess, its investments in cyber warfare, and its increasing financial clout
  • What are Xi Jinping’s goals and plans? Inside his plans to make China the most powerful country on Earth and to eradicate poverty for its citizens
  • A look at China’s ideology and foreign policy, and what they mean for the world
  • What would a world led by China and greatly affected by “Chinese values” look like?

10:15–10:45 a.m.
Refreshment Break with Exhibitors

10:45–11:45 a.m.
Investing with Impact: Policies, Stewardship, and Strategies for Making Money and Making a Difference
Katherine Collins, CFA
Head of Sustainable Investing
Putnam Investments

Michelle Edkins
Managing Director and Global Head of BlackRock Investment Stewardship
BlackRock

Mindy S. Lubber
CEO and President
Ceres

Richard Brandweiner, CFA, Moderator
Chief Executive Officer
Pendal Australia

  • Making sustainability the bottom line by creating investor and corporate networks that drive solutions to the world’s biggest challenges while creating a model for profit
  • Supporting responsible long-term stock ownership through engagement focused on enhanced governance and sustainable business practices
  • Strategies for ESG integration by analysts and portfolio managers based on investment research, and the potential for alpha generation and risk mitigation at a portfolio level

11:45 a.m.–12:45 p.m.
A Conversation with Michael Lewis: Observations on Wall Street and Politics 30 Years after Liar’s Poker
Michael Lewis
Financial Journalist and Best-Selling Author

Morgan Housel, Moderator
Partner
Collaborative Fund