Tuesday, 14 May 2019


Exhibit Hall Open


Conference Remarks


Plenary Sessions

Plenary Sessions feature global thought leaders who provide big picture perspectives, innovative insights, and broad outlooks on current issues of interest to the entire audience.


The Great Separation: Why the Future Is Bright for Emerging Markets Investors

Mark W. Yusko
CEO and Chief Investment Officer
Morgan Creek Capital Management, LLC

  • Learn why the killer D’s of demographics, debt, and deflation will present a huge tailwind for emerging markets and a huge headwind for developed markets
  • Discover why now is the time to build a foundation of your portfolios with BRICKs (Brazil, Russia, India, China, and South Korea)
  • A discussion of value of value and why, just like in 2000, now is the time to sell what is expensive and buy what is on sale (emerging markets equities)


The Investing Outlook in a Changing World: Redefining Trends and Opportunities

Anne Richards
Fidelity International

  • Global market outlook – where are we going in the next 6 months?
  • Trends and opportunities in fund management and in the brokerage business.
  • Moving ahead in your career and how to promote gender balance in finance.


Networking Lunch


The Future of Investor Experience

Oliwia Berdak
Principal Analyst
Forrester Research, Inc.

This session will be presented in The Forum.


Sponsored Corporate Presentations

Sponsored Corporate Presentations offer a range of best practices, strategies, tools, tactics, and insights for successful investment management and financial analysis from senior-thought leaders at leading financial services firms.

Baillie Gifford: Squabbling over Returns Rather Than Creating Them—Why Does Our Industry Neglect Its Fundamental Purpose?
Stuart Dunbar
Baillie Gifford

FactSet: Optimizing Short-Term Turbulence and Long-Term Investment Success
Boryana Racheva-Iotova
Senior Vice President and Senior Director, Risk and Quantitative Analytics

  • Learn about the role of new-generation flexible optimization approaches for executing efficient long-term strategies and investment mandates.
  • Discover the next frontiers in optimization by deep diving into scenario-based, multi-period, multi-asset-class problems to reveal how you can manage short-term turbulence while preserving your long-term goals.
  • See how you can incorporate stress tests, views, and sentiment-based factors within the portfolio optimization and construction process based on FactSet’s award-winning thought-leadership technology.

S&P Dow Jones Indices: How the Transition from Benchmarking to Indexing Is Disrupting the Asset Management Process
Jodie Gunzberg, CFA
Managing Director, Head of U.S. Equities
S&P Dow Jones Indices

  • Discover how to determine a valid benchmark and how that selection dictates the investment processes and performance outcomes.
  • Learn how to differentiate between an investable index strategy and broad benchmarking and how each is best applied in asset allocation modeling and performance measurement.
  • Understand what makes index management and portfolio management different and how indexing is transforming both manager selection and expected returns.


Neuroscience of Risk Management & Leadership

Susan Greenfield
CEO and Founder
Neuro-Bio Ltd

This session will be presented in The Forum.


Transition Break


Technical Workshops

Technical Workshops are interactive small group sessions designed to engage investment professionals in skill-building.


A Master Class on AI and Machine Learning for Financial Professionals

Sri Krishnamurthy, CFA

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.

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)


Bring Your Best Brain and Bada$$ Self to All That You Do (Repeated Session)

Pete Ronayne
Senior Faculty Member
Center for Creative Leadership

  • Transform how you understand and handle stress and pressure.
  • Explore how tiny resilience habits can unleash atomic results.
  • Curate your own set of resilience tactics and tools designed to bring your best brain and better self to all that you do.

This session will be on Monday from 13:30 to 15:15 and will repeat on Tuesday from 13:30 to 15:15.


Extended Sessions

Extended Sessions allow for a deeper exploration of investing topics relevant to investment professionals.


Valuation Considerations: Valuing Companies in Spite of Stock Price Bubbles and Market Anomalies

James Dow
Professor of Finance
London Business School

Neil Govier, CFA, Moderator
Director, CPD Content and Delivery APAC
CFA Institute

  • Why bubbles are hard to detect
  • Sum-of-the-parts valuation, value of future opportunities
  • Siamese twins and different domiciles
  • Governance and value

Topical Track: Valuation


Leadership Insights: Developing Your Presence, Power, and Influence

Connson Locke
Senior Lecturer in Practice, Department of Management
London School of Economics

Randi Tolber, CFA, Moderator
Head, Global Society Relations
CFA Institute

  • Find out what makes some people more influential than others.
  • Learn tactics you can use to increase your leadership presence and influence.
  • Gain key insights into the latest research on leadership, power, and nonverbal communication.
  • Discover how psychological research can help you communicate with charisma and confidence and increase your circle of influence.
  • Explore gender issues in the workplace that are relevant for both men and women to consider.

Topical Track: Psychology and Decision Making


Life after Brexit – Implications, Opportunities, and Known Unknowns

Michala Marcussen, CFA
Group Chief Economist and Head of Economic and Sector Research
Societe Generale

Thomas Mayer, CFA
Founding Director
Flossbach von Storch Research Institute

Sir Ivan Rogers
Former British Permanent Representative to the EU 2013-2017

  • What might post-Brexit trading arrangements look like, and what are the potential economic implications for the United Kingdom, the EU, and other trading partners?
  • What aspects of Brexit present the biggest challenges for investors and policymakers, and how might they be addressed?
  • What are the political and cultural implications of the Brexit process to date, and how will the experience of Brexit shape future multilateral negotiations?

Topical Track: Brexit


Principles of Manager Due Diligence and Selection

Tom Brakke, CFA
Author, The Research Puzzle

Phillip Sundquist, CFA, Moderator
Managing Director
Sundquist Advisory LLC

  • Understanding and evaluating a manager’s organizational structure and culture
  • Breaking down and understanding a manager’s investment process
  • How to conduct an appropriately thorough due diligence and selection process
  • Exploring manager incentives, capacity issues, and the impact of size

Topical Track: Asset Management


Global Private Wealth Management

Philip Marcovici
Offices of Philip Marcovici

Blair duQuesnay, CFA, Moderator
Investment Adviser
Ritholtz Wealth Management

  • Global regulatory trends in tax transparency and compliance and the massive impact on private wealth management
  • The evolving needs of today’s international wealth owners and the changing role of advisers in the decade ahead
  • How advisers can best use trusts, insurance, and other tools of wealth management in meeting client goals
  • Family retreats, family and family business governance, and best practices for today’s business and wealth owners
  • Strategies for building a successful 21st century private wealth practice
  • How tax systems have to and will change and reflections on political challenges, including Brexit
  • The realities of income and wealth inequality and the responsibility of wealth and business owners and their advisers

Topical Track: Private Wealth Management


Concurrent Practitioner Sessions

Concurrent Practitioner Sessions explore key topics with analysis and commentary on investment trends and strategies, financial technology, career skills, psychology and decision making, and Brexit.


Applying Behavioral Finance to the Investment Process

Clare Flynn Levy
Founder and CEO
Essentia Analytics

Margaret E. Franklin, CFA, Moderator
BNY Mellon Wealth Management, Canada

  • Why focusing on performance is missing the point
  • How top managers are competing for survival of the fittest and why others are missing a trick
  • How to mitigate behavioral bias in your own investment process

Topical Track: Psychology and Decision Making


Rethinking Investment Management Fees, and the “Value for Money” Equation

Daniel Brocklebank, CFA
UK Director
Orbis Investments

Gerard Lee, CFA, Moderator
Lion Global Investors Ltd

  • Are traditional management fee arrangements adequate to meet the needs of the evolving investment management industry?
  • How can new approaches to management fees better align interests between investors and managers?
  • Are refundable fee models a feasible innovation for the active management business, and how might they be implemented?

Topical Track: Asset Management


Stand Up and Be Counted: Wealth Management’s Necessary Responses to Technology Disruption and Changing Client Preferences

Sebastian Dovey
Entrepreneur, Investor, and Exited Co-Founder of Scorpio Partnership (An AON Group company)

Bob Dannhauser, CFA, Moderator
Head, Private Wealth Management
CFA Institute

  • Why does it matter to have a positive response in challenging markets?
  • How are emerging technologies disrupting the business of private wealth management?
  • How is value being recalibrated, and what do current trends tell us about evolving client expectations?
  • As advice is increasingly automated, how must the role of investment professionals evolve to maintain relevance?

Topical Track: Private Wealth Management


Late Cycle vs. End Cycle: Building Multi-Asset Portfolios

Geraldine Sundstrom
Managing Director and Portfolio Manager​

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

  • Business cycle and macro environment considerations
  • Implications across global capital markets

Topical Track: Valuation


The United Kingdom’s Role in an International Portfolio

Ian Harnett
​Managing Director and Chief Investment Strategist
Absolute Strategy Research Ltd.

Neil Govier, CFA, Moderator
Director, CPD Content and Delivery APAC
CFA Institute

  • For two years, the United Kingdom has been a “bet” rather than an investment; investors now need to decide whether it is a market to “rent” as an occasional source of alpha or to “own” as a long-run recovery story.
  • The high level of policy uncertainty in the United Kingdom has biased equity valuations downward, and the equity markets are at risk from slower growth and higher inflation.
  • The domestic economic outlook remains a challenge, with twin deficits challenging bonds and the pound sterling.
  • The key problem for international investors is that the United Kingdom is becoming the “new Italy”—aging, slowing, indebted, and willing to devalue at the first sign of stress.

Topical Track: Brexit


Transition Break


Plenary Session

Plenary Sessions feature global thought leaders who provide big picture perspectives, innovative insights, and broad outlooks on current issues of interest to the entire audience.


The Global Markets: Disruptions, Opportunities, and Risks

Mohamed A. El-Erian
Chief Economic Advisor

Liam Halligan, Moderator
Economics Commentator
Telegraph Media Group

  • The changing nature of global growth
  • Liquidity regime changes and central banks
  • Baseline and balance of economic and financial risks
  • Active investors regaining the upper hand
  • The added complexity of risk mitigation


Networking Reception and Dinner

Join us for dinner and networking at Old Billingsgate. Set in a fantastic location on the Thames, a stone’s throw from such iconic landmarks as the Tower of London, Tower Bridge, the Shard, and the HMS Belfast, delegates will experience a fun and thrilling experience of modern day dynamic London, within the walls of what once was the world’s largest fish market in the 19th century.

This reception is included in the delegate fee. Dress is business casual.