Cryptocurrency Derivatives and the Future of Bitcoin

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.

Cryptocurrency Derivatives and the Future of Bitcoin

Last year saw a major change in the way that news outlets covered bitcoin and other cryptocurrencies. Though cryptocurrencies have generated outrageous headlines in the years since their initial introduction, 2017 marked a milestone in their transition from fringe investment to alternative asset.

Bitcoin derivatives, which would make the investment accessible to a broader pool of potential investors, have been under discussion since 2013. But regulatory approval has been difficult to obtain. Two exchanges in the United States, CBOE Global Markets and CME Group, received authorization and began listing bitcoin futures in December, and news outlets have been watching the settlements of those contracts closely to see what it could mean for bitcoin derivatives and for cryptocurrencies in general. Read More

tagged:

What Do Investment Professionals Need to Hear?

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.

What Do Investment Professionals Need to Hear?

Richard Thaler taught behavioral economics and Michelle Wucker explained her gray rhino theory at the 70th CFA Institute Annual Conference in Philadelphia.

A few months later, the Royal Swedish Academy of Sciences awarded Thaler the 2017 prize in economics and the term “gray rhino” had charged into the world’s consciousness after newspaper headlines in China warned of threats to the nation’s economy. Read More

tagged:

Clients for Life: 7 Ways to Maintain Adviser Connections through Tough Times

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.

Clients for Life: 7 Ways to Maintain Adviser Connections through Tough Times

Research has found that up to 70% of widows will leave their investment advisers after the death of a spouse. Why does that happen?

Amy Florian, CEO of Corgenius and author of No Longer Awkward: Communicating with Clients through the Toughest Times of Life, asserts that clients leave because most advisers fail to maintain connections during times of adversity and do not know how to talk with clients about personal loss. Read More

tagged:

Frances Barney, CFA, on Tackling Enterprise Investment Risk Management

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 71st CFA Institute Annual Conference will be held in Hong Kong on 13–16 May 2018.

Frances_Barney

Written by Andrew C. Canter, CFA

Institutional investors face a unique challenge: If they must take risk to meet return requirements, then how can they measure that risk in a comprehensive manner? Integrated risk reporting and management quickly becomes complicated for institutional investors, given the lack of consistency in various systems and reports used by their underlying managers, funds, and investments.

At the 70th CFA Institute Annual Conference, Frances Barney, CFA, discussed how this challenge can be addressed through enterprise risk analysis. Barney, who is head of global risk solutions at BNY Mellon, gave a presentation on effective ways to review all of an investor’s assets for embedded investment risks. (However, this review would exclude normally non-investment risks, such as regulatory risk or longevity risk.)

Barney suggested a few different ways to approach enterprise risk analysis: Read More

tagged:

Seizing Opportunity in Philadelphia

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 71st CFA Institute Annual Conference will be held in Hong Kong on 13–16 May 2018.

CFAedge Exhibit Hall
By Oluwaseun Daniel Oyekanmi

There is a saying that “not all fingers are created equal,” and this is very true when it comes to opportunities. Some opportunities may be recaptured, while others are only for a set season — the latter are usually the ones that are life-changing. Some may call them destiny-defining moments, and others may call them opportunities of a lifetime, but one thing is certain: they greatly reward those who grab them. Read More

tagged:

Recovery or Expansion? A View of the US Economy

By

Abby_Joseph_Cohen

At the 70th CFA Institute Annual Conference in Philadelphia, Goldman Sachs Senior Investment Strategist Abby Joseph Cohen, CFA, declared that the US economy is not just in recovery, it is now in an expansion. Growth, as always, has varied by sector, but Cohen saw room for optimism. From her perspective, the United States is looking far healthier than it did during the years in and around the 2008 financial crisis. Read More

tagged:

The Sharing Economy and the Evolution of Crowd-Based Capitalism

By

The Sharing Economy and the Evolution of Capitalism

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.

Technological advances are reshaping our jobs and the nature of work. How will the global economic system evolve? What will the future of work look like?

Read More

tagged:

Emerging Market Equities: Unloved and Under-Owned

By

Devan_Kaloo

“Emerging market (EM) equities has a history of headlines — mostly negative — and volatility,” said Devan Kaloo, Head of Global Emerging Markets Equities at Aberdeen Asset Management. Yet there is reason for optimism, Kaloo assured attendees of the 70th CFA Institute Annual Conference, especially for those value investors who dive deeply into the fundamentals, which may be turning positive.

One primary reason for greater volatility in EM equities is less liquidity. Free float on the average EM company is only 30% whereas it is closer to 70% for companies in developed markets. “If you have a dollar to buy Exxon at 100% float, it has a different effect than buying a dollar of PetroChina with its 25% float,” said Kaloo. This fact can move markets. Read More

tagged:

10 Habits of Highly Effective Job Seekers

By

Hellmann_Robert
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.

A good job search ends quickly. An unsuccessful one drags on for weeks or even months with nothing to show for it, except perhaps disinterest, despondency, or even disaster.

The work you put into structuring a job search can be more important than the work you dedicate to the search itself.

At the 70th CFA Institute Annual Conference, executive coach Robert Hellmann, president of Hellmann Career Consulting, discussed what to do when your job-search efforts have stalled.

“I want to give you a way to diagnose an ailing job search,” he declared. Hellmann outlined 10 behaviors that form the foundations for an effective search. If any are unfamiliar, then focusing in on them could revitalize your efforts: Read More

tagged:

The Importance of Avoiding Unintended Bets in Your Investment Portfolio

By

Robert_Browne

Investors are familiar with the benefits of diversification across asset classes within their portfolios. There are also many articles and speeches on how to properly conduct an asset allocation exercise. Yet once the allocations are put in place, how do you make sure that you are getting the exposures you were looking for? And how do you avoid assuming unintended risks?

At the 70th CFA Institute Annual Conference, Robert P. Browne, CFA, CIO at Northern Trust, discussed how asset allocation decisions are made using quantitative methods, while the underlying (active) portfolios are often run by managers from the fundamental school of investing. Read More

tagged: