Decrypting Earnings Calls with Natural Language Processing

By

Decrypting Earnings Calls with Natural Language Processing

The CFA Institute Annual Conference is an unrivaled opportunity to access high-quality, unbiased educational content that equips investment professionals with the latest thinking on critical industry issues. The 72nd CFA Institute Annual Conference will be held in London on 12–15 May 2019.

Finance professionals who are familiar with fintech already know that the future belongs to people who collaborate with robots and automated processes, not those who compete with them. David Pope, CFA, managing director at Quantamental Research at S&P Global Market Intelligence, is one collaborator who is ready to claim the future.

At the 71st CFA Institute Annual Conference in Hong Kong, Pope discussed natural language processing (NLP) and how it can yield investment insights. NLP harnesses statistics and computerized data analysis to review primary data — in Pope’s examples, transcripts of corporate earnings calls — to reveal new information, say, about a company or its position relative to its peers. Read More

tagged:

Chinese Government Bonds: The Elephant in the Room

By

The CFA Institute Annual Conference is an unrivaled opportunity to access high-quality, unbiased educational content that equips investment professionals with the latest thinking on critical industry issues. The 72nd CFA Institute Annual Conference will be held in London on 12–15 May 2019.

Chinese Government Bonds: The Elephant in the Room

China’s government fixed-income market constitutes a US $12-trillion opportunity.

Indeed, the growing investable opportunity in Chinese bonds was the primary takeaway from Emil Nguy’s presentation, “Asia’s Fixed-Income Market — The Elephant in the Room,” at the 71st CFA Institute Annual Conference in Hong Kong.

Read More

tagged:

The Selling Mindset: Career Strategies for Ascending the Ranks

By

The CFA Institute Annual Conference is an unrivaled opportunity to access high-quality, unbiased educational content that equips investment professionals with the latest thinking on critical industry issues. The 72nd CFA Institute Annual Conference will be held in London on 12–15 May 2019.

The Selling Mindset: Career Strategies for Ascending the Ranks

Eric Sim, CFA, offered delegates a series of strategies for progressing up the corporate ladder at the 71st CFA Institute Annual Conference. He based his advice on his years of experience in finance, culminating in his own managing director role at UBS.

Individually, his strategies may sound familiar, but taken together they offer a valuable road map for navigating an ascent up the professional ranks. Read More

tagged:

The Robots Are Coming! The Robots Are Coming!

By

The Robots Are Coming! The Robots Are Coming!

The CFA Institute Annual Conference is an unrivaled opportunity to access high-quality, unbiased educational content that equips investment professionals with the latest thinking on critical industry issues. The 72nd CFA Institute Annual Conference will be held in London on 12–15 May 2019.

Yes, the robots are coming, but they are not conquering the planet anytime soon — even if that’s what the media hype would have us believe. And they’re not as smart or technologically advanced as we think, according to Kate Darling, a leading expert on robot ethics.

Instead of buying into the hysteria of an impending robot revolution, Darling believes we should be thinking about how we as a society use robots, and what implications this has for data collection.

Read More

tagged:

Lei Zhang on Hillhouse Capital’s Success Equation

By

Lei Zhang on Hillhouse Capital’s Success Equation

The CFA Institute Annual Conference is an unrivaled opportunity to access high-quality, unbiased educational content that equips investment professionals with the latest thinking on critical industry issues. The 72nd CFA Institute Annual Conference will be held in London on 12–15 May 2019.

Hillhouse Capital Management Group was founded in 2005 with US $20 million in seed capital from the Yale University endowment. Since then, the investment manager has grown its assets under management (AUM) to over $30 billion.

What explains this explosive growth? Read More

tagged:

Two out of Three: India and China in the Coming Decade

By

Haiyan Wang
The CFA Institute Annual Conference is an unrivaled opportunity to access high-quality, unbiased educational content that equips investment professionals with the latest thinking on critical industry issues. The 72nd CFA Institute Annual Conference will be held in London on 12–15 May 2019.

China and India will be two of the three largest economies in the world by 2025. That’s according to Haiyan Wang, managing partner of China India Institute, and her assertion is supported by the International Monetary Fund and long-term GDP forecasts by the Organisation for Economic Co-operation and Development.

At the 71st CFA Institute Annual Conference in Hong Kong, Wang examined the forces that each country must harness, and the barriers that they will need to overcome, to realize their full potential. Read More

tagged:

Paul Smith, CFA: Purpose, Professionalism, and the Rise of Trust

By

Paul Smith, CFA: Purpose, Professionalism, and the Rise of Trust

Taking the stage before an audience of investment professionals at the 71st CFA Institute Annual Conference at the Hong Kong Convention and Exhibition Centre, CFA Institute president and CEO Paul Smith, CFA, issued a rousing call for a more responsible and client-focused finance industry. He laid out the formidable challenges the industry faces, from diminished trust to business models far removed from end investor outcomes, and encouraged  those in attendance and watching around the world to take the initiative to confront and overcome them. “Let us seize this common sense of purpose,” he said. “Let us harness our energy, our ethical standards, and our goodwill in order to do great things and drive great change.” Read More

tagged:

The Future’s $100 Trillion Question

By


Now, more than ever, 2 million people working in financial services are uncertain about their future, watching a convergence of megatrends sweep through the investment world. Traditional practices and business models are being disrupted while interested observers are left wondering how it will all unfold.

These major trends are at the center of the countless variables and predictions trying to make sense of the future for financial services: Read More

tagged:

The Returns on Diversification

By

Even after decades of progress in the professional advancement of women, under-representation in the investment space is a problem in every global market. And the higher we look up the management ladder, the worse it gets.

A Mercer study found that while women comprise about 67% of support-level staff in the industry, and close to 50% at the professional level, that percentage slumps to a mere 15% in the executive echelons. Read More

tagged:

A Map of Many Roads: Where do Cryptocurrencies Go from Here?

By

The CFA Institute Annual Conference is an unrivaled opportunity to access high-quality, unbiased educational content that equips investment professionals with the latest thinking on critical industry issues. The 72nd CFA Institute Annual Conference will be held in London on 12–15 May 2019.

If 2017 was the year that cryptocurrencies made their grand entrance to the global financial dinner party, then 2018 is the year when everyone works out where they should sit.

With prices surging and slumping, Initial Coin Offerings (ICOs) vanishing faster than Arctic sea ice, hackers spreading fear, and authorities struggling worldwide to form coherent regulatory structures, the cryptocurrency landscape for investment professionals is confusing at best. Read More

tagged: