3:45–4:45 p.m.

Comparing Model-Based Investing to Fundamental Investing in the Fixed-Income Market

103 │ Level 1

Managing Director and Chief Investment Officer of Model-Based Fixed Income
BlackRock

  • What the many advantages of a quantitative process are in managing fixed-income portfolios: more systematic alpha capture, better risk control, and minimization of common cognitive errors
  • What the barriers are to using models in fixed income: data availability and quality, asymmetry of returns, lack of breadth, periodic trading, over-the-counter pricing, and liquidity
  • How models and market experts can be combined to produce synergy between the two without compounding the problems of each

Barbara S. Petitt, CFA, Moderator
Head, Journal Publications and Managing Editor, Financial Analysts Journal
CFA Institute

Fixed-Income Management Track