Please note the schedule is subject to change.

Sunday, 12 May 2019

12:00–19:00

Registration

14:00–16:30

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 72nd CFA Institute Annual Conference.Ted Aronson, CFA,

Ted Aronson, CFA, Workshop Moderator
Founder and Managing Principal
AJO

Popularity: A Bridge between Classical and Behavioral Finance
Roger G. Ibbotson
Professor in the Practice Emeritus of Finance, Yale School of Management
Chairman, Zebra Capital Management, LLC

  • Defining “popularity,” or how much a security is liked, apart from the fundamentals: The more investors like it, the higher the price but the lower the expected return.
  • A new approach to asset pricing—the popularity asset pricing model (PAPM)—builds on the CAPM but includes additional investor preferences beyond risk aversion, such as liquidity and brand preference. These specific preferences are aggregated into security prices and are not arbitraged away.
  • Preferences can be rational (classical) or emotional (behavioral), so the PAPM provides a bridge between classical and behavioral finance.

The Future of Investment Management
Ronald N. Kahn
Managing Director and Global Head of Systematic Equity Research
BlackRock

  • Investment management is in flux, arguably more than it has been in a long time.
  • This changing landscape includes seven key trends that are affecting the future of investment management.
  • We are evolving toward a world with three distinct types of products, each with their own challenges and requirements for success.

14:00–15:00

Beyond the Numbers Sessions

Beyond the Numbers Sessions provide training in soft-skills in a variety of areas of personal development for investment professionals.

14:00–15:00

The Organized Mind: Thinking Straight in the Age of Information Overload

Daniel Levitin
Founding Dean of Arts and Humanities, Minerva Schools at KGI
James McGill Professor Emeritus, McGill University

  • The information age is drowning us with an unprecedented deluge of data while we’re expected to make more—and faster—decisions about our lives than ever before.
  • Discover how cognitive neuroscience research into attention and memory can be applied to the challenges of our daily lives.
  • Obtain methods to regain a sense of mastery over the way we organize our homes, workplaces, and time.
  • Learn how the latest findings in cognitive neuroscience can help all of us increase our well-being, productivity, and creativity.

14:00–15:00

Crashed: How a Decade of Financial Crisis Changed the World

Adam Tooze
Kathryn and Shelby Cullom Davis Professor of History
Columbia University

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

  • How did a global bank run threaten banks on both sides of the Atlantic?
  • What did it take to restore stability, and could the rescue be repeated?
  • How risky is the global financial system now?

15:30–16:30

Psychology and the Good Life: What the Science of Psychology Says about How to Lead a More Flourishing Life

Laurie Santos
Head, Silliman College
Professor of Psychology, Yale University

Eelco Fiole, CFA, Moderator
Managing Partner
Alpha Governance Partners

  • Introduction to the most popular class ever at Yale
  • The most common misconceptions about what makes us happy
  • The top seven tips for what really can help us live a more satisfying life

15:30–16:30

​Investment Professional of the Future: New Research from CFA Institute

Rebecca Fender, CFA
Head, Future of Finance
CFA Insitute

Paul Smith, CFA
President and CEO
CFA Institute

Roger Urwin, FSIP
Global Head of Investment Content, Willis Towers Watson
Co-Founder, Thinking Ahead Institute

  • Changing roles: How trends in the industry will affect investment roles, including tech substitution and the gig economy, and differences by region
  • Changing skills: What skills will be most in demand and how investment professionals can “future-proof” their careers
  • Changing cultures: Expectations of the pipeline of investment professionals, building effective teams, and differentiating firm culture to attract the top talent

16:30–17:00

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.

17:00–18:15

Annual Conference Sunday Keynote: ​The Scientific Secrets of Perfect Timing

Daniel Pink
Author, When: The Scientific Secrets of Perfect Timing, Drive, and A Whole New Mind​

  • Discover how to effectively confront the series of “when” decisions that apply in all aspects of our lives.
  • Research from psychology, biology, neuroscience, and economics reveals that timing is a science, not an art.
  • Understand how the hidden pattern of the day affects analytic and creative capabilities—and how simple work rearrangements can improve effectiveness.
  • Learn how best to live, work, and succeed by identifying the timing for decision making.

18:30–19:30

Welcome Reception

Following the Sunday sessions, join us at the Welcome Reception. Enjoy local delicacies and network with delegates before heading out to explore all the dinner options the city has to offer!

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

Monday, 13 May 2019

08:00–16:45

Exhibit Hall Open

09:00–09:30

Welcoming Remarks

09:30–11:45

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.

09:30–10:15

​The New World (Dis)Order

Peter Zeihan
President and Founder
Zeihan on Geopolitics

  • The threats to the global order are not simply serious but are also mortal and unavoidable, setting the stage for at least two decades of global breakdown.
  • Exploring the intersection between demography and finance—highlighting why something much worse than the 2007–09 financial crisis is right around the corner.
  • Forecast how political evolutions in a host of countries are interacting with the Trump administration to remake the future of every country in the world.

10:45–11:45

​Reinventing Capitalism in the Age of Big Data

Viktor Mayer-Schönberger
Professor of Internet Governance and Regulation ​
Oxford Internet Institute, University of Oxford

  • Data isn’t just the new oil; it greatly enhances markets, thereby reshaping the economy.
  • Data’s new role has profound implications for the financial services sector and for finance capitalism more generally.
  • The biggest challenge for the data economy is structural, and competition rules are ill suited to address this challenge.

11:45–13:30

Networking Lunch

12:15-12:45

Cybersecurity and Business Disruption

David Basin
Full Professor
ETH Zurich

This session will be presented in The Forum.

12:30–13:15

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.

eVestment: Institutional Trends—How Investors & Consultants Use Manager Data for Monitoring
Yoshimasa Satoh, CFA
Member, CFA Society Japan Board of Directors
Product Strategist, eVestment

  • Best practices for investors and consultants for building a repeatable manager monitoring process
  • Using alternative sources of data to support investment decisions
  • Understanding where institutional assets are moving and what leading indicators are saying about shifting investor demand

Refinitiv: Data Is Just the Beginning…
Tim Gaumer, CFA
Global Director of Fundamental Research
Refinitiv

  • Tim Gaumer, CFA, will lead a discussion charting the journey from fundamental investment to 21st century data science.
  • He will separate the hype from reality when it comes to artificial intelligence (AI) in investment and share concrete examples of AI in action.
  • He will discuss the balance between traditional and alternative data and share best practice examples of how it’s feeding investment decision making.

13:00–13:30

Not Star Wars, Not Star Trek: The Future of Money

David G.W. Birch
Principal
15Mb

This session will be presented in The Forum.

13:15–13:30

Transition Break

13:30–15:15

Technical Workshops

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

13:30–15:15

Progression beyond Regression: Using AI to Transform Traditional Analysis

Malcolm White, CFA
Portfolio Manager
Signature Global Asset Management – CI Investments

  • Hands-on technical session focusing on how to leverage artificial intelligence (AI) to enhance analytic capabilities
  • Introduction to a revolutionary AI technology called neural networks, followed by a walkthrough of how the technology can be applied to an actual financial prediction problem
  • The solution will leverage the latest in cloud computing technology used by leading data science practitioners.

Note: Delegates are encouraged, but not required, to bring their laptop to follow along with demos and examples. Delegates will also need a Google account (e.g. gmail) to access cloud-based programs during the session.

13:30–15:15

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.

13:30–14:15

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.

13:30–14:15

Global ETFs: Products and Trends

Deborah Fuhr
Managing Partner
ETFGI LLP

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

  • Discussion and analysis of exchange-traded funds (ETFs) and exchange-traded products (ETPs) being used by institutional investors and others
  • Ways to use ETFs as a part of your investment strategy
  • Advice for selecting an ETF for your portfolio
  • Trends in ETFs: What the future may hold for robo-advisers, smart beta, ESG, thematic, active, China A shares, China bonds, crypto ETFs/ETPs

Topical Track: Global Opportunities

13:30–14:15

The Myth and Reality of Financial Machine Learning

Marcos Lopez de Prado
Principal and Head of Machine Learning​
AQR Capital Management

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

Topical Track: FinTech

13:30–14:15

Principles of Responsible Investing: Putting Sustainability at the Heart of the Capital Markets

Graeme Griffiths
Chief Operating Officer
Principles for Responsible Investment (PRI)

Thomas A. Porter, Moderator
Head, CIPM Program
CFA Institute

  • What does the data reveal about the myths and realities of ESG (environmental, social, and governance) and responsible investing?
  • How do you assess the increasing number of capital market alternatives for sustainable investing, and what are the first steps for implementation?
  • How should client reporting evolve to better reflect sustainability factors in an investment portfolio?

Topical Track: Sustainable Investing

13:30–14:15

Digital Financial Attention

Jane E. Henshaw
Head of Digital Research
Vanguard Center for Investor Research

Bob Stammers, CFA, Moderator
Director, Investor Education
CFA Institute

  • Facebook and Amazon routinely study the attention customers pay to their websites; financial institutions should learn to do the same.
  • In the era of “robo,” what can we learn from the emerging science of digital interactions with our finances?
  • How can neuroscience help us understand the brain mechanisms of attention?

Topical Track: Capital Markets

13:30–14:15

The Perfect Financial Services CV

Victoria McLean
Founder and CEO
City CV

Heather Packard, Moderator
CPD Director, Business and Soft Skills
CFA Institute

  • Your CV/resume is your future. Bridge the gap between where you are now and where you want to take your career.
  • It’s marketing: What’s your brand? What’s your pitch? Get ready for action.
  • Artificial intelligence and the ATS: 80% of jobs advertised online could be screened by a computer. Beat the bots to ensure you get over the first hurdle.
  • Tell a story, start with a bang, and provide just the right amount of context to hook your audience—show don’t tell.

Topical Track: Career Development

14:15–14:30

Transition Break

14:30–15:15

Dynamic Currency Management: Yes Alpha, No Beta

Thomas Clarke
Partner, Portfolio Manager
William Blair

Eelco Fiole, CFA, Moderator
Managing Partner
Alpha Governance Partners

  • Investors always seek diversifying opportunities, and today this search takes place in an environment of high equity valuations, low bond yields, and increasing interest rates in some locations.
  • Geopolitical, trade, and other macro influences pose vulnerability to potential downside from taking on more capital market beta.
  • The merits of dynamic currency investing as a source of macro diversification and positive real return are often underappreciated and underused.
  • Amid new and alternative asset classes, dynamic currency management is a well-founded, liquid, and viable source of investment alpha.

Topical Track: Global Opportunities

14:30–15:15

Forecasting Long-Term Portfolio Returns: The Efficient Valuation Hypothesis

Niall Gannon
Private Wealth Advisor
The Gannon Group

Barbara S. Pettit, CFA, Moderator
Head, Curriculum and Learning Experience
CFA Institute

  • What is the “expectations gap,” and why does it matter?
  • Can earnings yields be predictive of future returns in an equity portfolio?
  • What does research tell us about the “random walk”?

Topical Track: Capital Markets

14:30–15:15

ESG Investment: From Process to Product

Amanda Young
Head of Global ESG Investment Research
Aberdeen Standard Investments

Susan Spinner, CFA, Moderator
Managing Director
CFA Society Germany

  • Discussion of values-based investment options
  • Strategies for integrating ethical considerations and sustainability, climate, and social impact issues into your investment process
  • Managing environmental, social, and governance risks in your business model to ensure that shareholder value is protected and enhanced
  • Thoughts on making money and making a difference

Topical Track: Sustainable Investing

14:30–15:15

Embracing the Potential of Artificial Intelligence

Thorsten Heymann
Global Head of Strategy
Allianz Global Investors GmbH

Lynn Raebsamen, CFA, Moderator
CEO
Swiss Vanquest AG

  • Artificial intelligence is not science fiction but has the potential to reshape industries
  • The power of AI integration: Human and machine
  • AI integration and portfolio construction efficiency

Topical Track: FinTech

14:30–15:15

The Art of Business Influence

Mark Jeffries
Author, Keynote Speaker and Former Stockbroker at Merrill Lynch

Michael McMillan, CFA, Moderator
Director, Ethics Education
CFA Institute

  • Discussion of the link between communication excellence and business success
  • Focus on innovative communication, networking, and influence tools designed to accelerate your business success
  • Focus on the three Cs of communication excellence, to the L-WAR (Listen, Watch, Anticipate, and React), and selling without selling to the BRAINS (Bridging, Rationalizing, Asserting, Inspiring, and Negotiating) of influence

Topical Track: Career Development

15:45–16:30

Alternative Assets in 2023: What Does the Future Hold?

Amy Bensted
Head of Data Products
Preqin

Anish Chopra, CFA, Moderator
Managing Director
Portfolio Management Corporation

  • Projections for alternative asset growth, covering private capital and hedge funds
  • What should fund managers and investors be thinking about today to be part of the growth story of tomorrow?
  • What will drive growth over the next five years, and how will technological innovation shape the alternative investment sector?

Topical Track: Global Opportunities

15:45–16:30

The Implications of Institutional & Regulatory Legitimacy for Bitcoin

John Dwyer
Senior Analyst, Blockchain
Celent

Heidi Raubenheimer, CFA, Moderator
Head, Journal Publication
CFA Institute

  • Digital assets as a new investable asset class
  • A new, emerging capital market infrastructure
  • The digital asset taxonomy and implications for portfolio construction

Topical Track: Capital Markets

15:45–16:30

Investing in Fintech—Analysis and Approaches

Richard Clode, CFA
Portfolio Manager
Janus Henderson Investors

Reshma Sohoni
Co-Founder and Managing Partner
Seedcamp

Will Goodhart, Moderator
Chief Executive
CFA Society United Kingdom

  • Thoughts on how to value fintech companies
  • The right portfolio approach to fintech
  • Where to look to find returns—innovative ideas and what is working now

Topical Track: FinTech

15:45–16:30

How ESG Factors Impact Corporate Valuations: Trends and Analysis

Jessica Alsford, CFA
Managing Director and Head of Global Sustainability Research
Morgan Stanley

Anne Cabot-Alletzhauser, Moderator
Head, Research Institute
Alexander Forbes Financial Services (Pty) Ltd

  • Environmental, social, and governance (ESG) integration and its role in investment analysis
  • Measuring the impact of ESG factors on company valuations
  • ESG: Risk management or alpha generation?

Topical Track: Sustainable Investing

15:45–16:30

Optimizing Ourselves for Expansive Leadership

Sartaj Garewal
Founder and Director
Dynamic Presenting Ltd

Nick Bartlett, CFA, ASIP, Moderator
Director, CPD Competencies
CFA Institute

  • Transforming our thinking to foster a growth mindset
  • Toward conscious leadership—consciously responding as opposed to compulsively reacting
  • A look at the 5 I’s of leadership, qualities and abilities that can be developed

Topical Track: Career Development

16:30–16:45

Transition Break

16:45–17:45

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.

16:45–17:45

Disruption: The Asset Owner’s View

Alison Tarditi
Chief Investment Officer
Commonwealth Superannuation Corporation

Angelien Kemna
Non-executive Director and Member of the Audit Committee
AXA Group

Roger Urwin, FSIP, Moderator
Global Head of Investment Content, Willis Towers Watson
Co-Founder, Thinking Ahead Institute

  • The largest global asset owners discuss the markets
  • How sustainability issues are changing investment policies and practices
  • The changing expectations of investment managers
  • Time horizons, technology, and the growing role of private markets

Tuesday, 14 May 2019

08:00–16:45

Exhibit Hall Open

09:00–09:15

Conference Remarks

09:15–11:45

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.

09:15–10:15

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)

10:45–11:45

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

Anne Richards
CEO
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.

11:45–13:30

Networking Lunch

12:15-12:45

The Future of Investor Experience

Oliwia Berdak
Principal Analyst
Forrester Research, Inc.

This session will be presented in The Forum.

12:30–13:15

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
Partner
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
FactSet

  • 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.

13:00–13:30

Neuroscience of Risk Management & Leadership

Susan Greenfield
CEO and Founder
Neuro-Bio Ltd

This session will be presented in The Forum.

13:15–13:30

Transition Break

13:30–15:15

Technical Workshops

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

13:30–15:15

A Master Class on AI and Machine Learning for Financial Professionals

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)

13:30–15:15

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.

13:30–15:15

Extended Sessions

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

13:30–15:15

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

13:30–15:15

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

13:30–15:15

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

13:30–15:15

Principles of Manager Due Diligence and Selection

Tom Brakke, CFA
Consultant
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

13:30–15:15

Global Private Wealth Management

Philip Marcovici
Principal
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

15:45–16:30

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.

15:45–16:30

Applying Behavioral Finance to the Investment Process

Clare Flynn Levy
Founder and CEO
Essentia Analytics

Margaret E. Franklin, CFA, Moderator
President
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

15:45–16:30

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

Daniel Brocklebank, CFA
UK Director
Orbis Investments

Gerard Lee, CFA, Moderator
CEO
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

15:45–16:30

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

15:45–16:30

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

Geraldine Sundstrom
Managing Director and Portfolio Manager​
PIMCO

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

15:45–16:30

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

16:30–16:45

Transition Break

16:45–17:45

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.

16:45–17:45

The Global Markets: Disruptions, Opportunities, and Risks

Mohamed A. El-Erian
Chief Economic Advisor
Allianz

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

18:30–22:00

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.

Wednesday, 15 May 2019

08:00–10:45

Exhibit Hall Open

09:00–09:15

Conference Remarks

09:15–12:45

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.

10:45–11:45

​AI and the Future: Developments, Ethics, and Financial Transformation

Nick Bostrom
Professor, University of Oxford
Director​, Future of Humanity Institute

Rumman Chowdhury
​Global Lead for Responsible AI
Accenture Applied Intelligence

Ophir Gottlieb
CEO and Co-founder
Capital Market Laboratories

  • Artificial intelligence: What is on the horizon and R&D
  • Integrating ethical behavior into the innovation life cycle
  • Practical applications for finance: Algorithmic trading, neural learning and the financial markets, Forensic Alpha Model, Governance Risk Model, and more