The schedule is subject to change.

Sunday, 13 May 2018

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 71st CFA Institute Annual Conference.

Active Indexing: How ETF Investing Has Impacted Investment Management
Joanne M. Hill
Chief Advisor for Research and Strategy, CBOE Vest
Research Committee Chair, CFA Institute Research Foundation Board of Trustees

This session will cover highlights from the CFA Institute Research Foundation monograph A Comprehensive Guide to Exchange-Traded Funds (ETFs):

  • Explore how ETFs work and how to evaluate them individually—including their unique investment and trading features, regulatory structure, and use in tactical and strategic portfolio management for a broad range of asset classes.
  • Gain a better understanding of the strengths, weaknesses, and myths about ETFs.
  • Discuss how ETFs are challenging the distinction between active and passive management and how the investment management business is adapting to growing interest in strategies packaged in ETFs.

Alternative Investments: A Primer for Investment Trustees
Keith Black, CFA
Managing Director, Curriculum and Exams
CAIA Association

The newest monograph by the CFA Institute Research Foundation explains the world of alternative investments.

  • Strategies discussed include hedge funds, private equity, real assets, commodities, and structured products.
  • Also included are discussions on tail risk, risk management, benchmarking, and due diligence.
  • The case for including alternative investments in a stock and bond portfolio is also presented.

14:00–15:00

Beyond the Numbers

Beyond the Numbers Sessions provide training in soft-skill areas of growth and personal development for investment professionals, including leadership, firm building, career skills, and CFA Institute perspectives.

14:00–15:00

The Wisdom of Finance: Discovering Humanity in the World of Risk and Return

Mizuho Financial Group Professor of Finance, Harvard Business School
Professor of Law, Harvard Law School

  • How can we demystify finance to allow outsiders to appreciate the logic and heart of finance so that they stop demonizing it?
  • How can we rehabilitate finance so that the industry self-regulates and corrects the misbehavior of the past?
  • A look at how to use the humanities to humanize finance and to set the path toward the demystification and rehabilitation of finance

 

14:00–15:00

The Art of Stillness

Bestselling Author and Travel Writer

  • As the world accelerates to a post-human pace, how can we preserve our humanity, our sanity, and our contact with everything essential?
  • Find suggestions for ways of reclaiming life’s hidden luxuries: spaciousness, intimacy, and attention.
  • Learn about reclaiming calmness and balance through stories, statistics, and specific daily practices.
  • We all need to make a living, but how can we make a real and meaningful life?

15:30–16:30

Beyond the Numbers

Beyond the Numbers Sessions provide training in soft-skill areas of growth and personal development for investment professionals, including leadership, firm building, career skills, and CFA Institute perspectives.

15:30–16:30

Creating a Culture of Compliance and Avoiding Ethical Pitfalls

Donald C. Langevoort
Thomas Aquinas Reynolds Professor
Georgetown Law

17:00–17:15

Welcoming Remarks

17:15–18:15

Annual Conference Sunday Keynote: China and India 2025: Changing Dynamics

Haiyan Wang
Managing Partner
China India Institute

  • The global economic tilt to emerging Asia
  • What lies ahead for China
  • The Belt and Road Initiative: Hype, opportunities, and challenges
  • What lies ahead for India

18:30–19:30

Welcome Reception

Monday, 14 May 2018

08:00–08:45

Sponsored Corporate Presentations

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

08:30–16:15

Exhibit Hall Open

09:00–09:15

Opening Remarks

09:15–10:15

Thoughts on Research, Investing, and China’s Role in Driving Innovation in Asia

Founder, Chair, and CEO
Hillhouse Capital Management Group

10:45–11:45

Plenary Session

Chief Executive Officer
The Nigerian Stock Exchange

11:45–12:45

Plenary Session

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

12:45–14:30

Networking Lunch

13:45–14:30

Sponsored Corporate Presentations

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

15:00–15:45

Concurrent Practitioner Sessions

Concurrent Practitioner Sessions explore key topics with analysis and commentary on important market sectors and trends from prominent practitioners.

15:00–15:45

Behavioral Factors and Their Performance in Emerging Markets: An Illustration Using China A-Shares Data

Chairman and Chief Investment Officer, Rayliant Global Advisors
Professor in Finance, UCLA Anderson School of Management

  • A look at factor investing using a novel and important dataset by examining the traditional behavioral anomalies documented in global data and examining whether they are also valid when applied to China A-shares
  • Presenting an empirical study that provides insight into the behavioral mechanisms behind various anomaly factors
  • Going a step beyond identifying anomalies in China or testing traditional factor methods using A-shares data and providing insight into behavioral factors that arise in markets with investors who make mistakes

15:00–15:45

Investing in the Shanghai Free-Trade Zone: Opportunities and Implications

  • How does the Shanghai Free-Trade Zone (FTZ) serve as a testing ground for social and economic reforms in China?
  •   What can domestic and foreign investors expect with respect to facilitation of foreign exchange, financial requirements, and other important considerations?
  • What industries and investment opportunities are specifically encouraged within the FTZ, and what should investors expect in the future?
  • How might the FTZ impact long-term economic policy in China and the future of Hong Kong as a financial center?

Lynn Raebsamen, CFA, Moderator
CEO
Swiss Vanquest AG

15:00–15:45

The Investment Firm of the Future

  • Four scenarios for future strategy and the implications for business models
  • Building effective teams and the skills needed for success
  • Changes to operational and distribution models, and leveraging technology
  • Investment product and process trends
  • Trust and value in a more professional investment industry

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

15:00–15:45

Risks and Opportunities in Asian Frontier Markets

Ashley P.W. Khoo, CFA
President
Hong Kong Society of Financial Analysts

Joyce Ng
Former Partner and Senior Portfolio Manager
Sumeru Capital

Andreas Vogelsanger
CEO
Asia Frontier Capital (Vietnam) Ltd.

16:15–17:15

Career Track

Career Track Sessions are designed to inspire delegates at all stages of their career to be intentional about their career management and professional development efforts. Sessions will convey practical insights and strategies for achieving career goals.

16:15–17:15

Trends and Opportunities in Asian Asset Management

David Hui
Partner
Heidrick & Struggles

Nicolas Manset
Managing Director, Financial Services, Asset and Wealth Management Practice
Russell Reynolds Associates

May Tung
Managing Partner, Financial Services
DHR International Asia Limited

  • What are the recent growth trends and the potential trajectory of the asset management business in the Asia-Pacific region?
  • Which organizational business models and staffing philosophies are prevalent in today’s asset management business, and what has changed in the last decade?
  • What skill sets are considered essential for 21st century asset management? How can investment professionals make themselves more attractive candidates for the next career level?

Tuesday, 15 May 2018

08:00–08:45

Sponsored Corporate Presentations

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

08:30–16:15

Exhibit Hall Open

09:00–09:15

Conference Remarks

09:15–10:15

Abenomics: Japan’s Macro and Markets Outlook

Kathy M. Matsui
Vice Chair, Chief Japan Strategist, and Co-Head of Macro Research Asia
Goldman Sachs

  • Abenomics has entered its sixth year, but how successful has it been?
  • Which parts of the structural reform agenda have made progress? Where is there more work to be done?
  • Are the corporate governance reforms for real?
  • How is “Womenomics” helping Japan deal with its demographic crisis?

11:45–12:45

Alternative Investment Opportunities in Asia: A Conversation with Institutional Allocators and Managers

Amy Flikerski
Senior Portfolio Manager, External Portfolio Management
Canada Pension Plan Investment Board (CPPIB)

Chris Gradel
Founding Partner
PAG

Bruce Tomlinson, CFA, Moderator
Manager, Hedge Funds and Alternative Strategies
Sunsuper Pty Ltd

  • Asian alternative investment opportunities from an institutional perspective—views on investment size with institutional quality counterparties, including sourcing, structuring, and servicing
  • Public versus private equity opportunities—examples of private equity and pre-IPO finance to fund fast-growing tech and health care in Asia, A versus H shares, and ADRs
  • Public versus private credit opportunities—high-yield bonds, asset-backed securities, real estate, and non-performing loans

12:45–14:30

Networking Lunch

13:45–14:30

Sponsored Corporate Presentations

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

15:00–15:45

Concurrent Practitioner Sessions

Concurrent Practitioner Sessions explore key topics with analysis and commentary on important market sectors and trends from prominent practitioners.

15:00–15:45

Illusion of Control and Its Impact on Judgments

Anil Gaba
Orpar Chaired Professor of Risk Management and Professor of Decision Sciences
INSEAD

  • Most judgments are made under conditions of risk and uncertainty. Often, however, severe limits to predicting the future exist, whether they are in the context of policy, investments, business, health, or even personal pursuits, such as happiness. We tend to look for shelter in “models” and frequently fall prey to the illusion of control.
  • Hence, we underestimate the role of chance and what we don’t control, we overestimate our ability to predict the future, and as a result, we underestimate uncertainty.
  • A good judgment process must allow us to remain mindful of how illusion of control manifests itself in terms of our ability to see (cognitive biases), our ability to act (emotional barriers), and our ability to learn (obstacles to learning from feedback).

16:15–17:45

Extended Sessions

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

16:15–17:45

Lessons in Managing Issues Faced by Women in Finance around the Globe

Anne Cabot-Alletzhauser
Head of the Alexander Forbes Research Institute
Alexander Forbes

Xiaowei Rose Luo
Rudolf and Valeria Maag Professor in Entrepreneurship
INSEAD

  • What factors are holding women back in their business careers?
  • The personal and the professional—thoughts on how to bring them together to ensure balance
  • Getting to the top while managing work challenges, such as countering unconscious bias, the gender pay gap, and the trap of competent women and their need to appear likable
  • Interactive discussion of action items to make immediate changes, with a focus on getting credit for your work, making your voice heard at meetings, negotiating on your own behalf, finding a work sponsor, and getting to the C-suite

16:15–17:45

The Art of Cultural Fluency in Business and Leadership

Founder and President, Hyun & Associates
Global Leadership Strategist and Author

  • How fluent leadership drives growth and innovation
  • Understanding the impact of the power gap
  • Being flexible in your approach to build trust
  • Critical tools for cultural due diligence

16:15–17:45

The Future of Global Investing: Asset Owners Panel

Hiro Mizuno
Executive Managing Director and Chief Investment Officer
Government Pension Investment Fund

Alison Tarditi
Chief Investment Officer
Commonwealth Superannuation Corporation

  • Comparisons of fund objectives, structure, governance, and investment approach among large asset owners—how have they changed over time, and what might they look like in the future
  • How do asset owners view the asset manager relationship? Do managers adequately understand the needs of asset owners, and how are the relationships evolving? How do asset owners view financial technology, direct investments, and other potentially disintermediating forces?
  • How are asset owners currently approaching “solution-based” investment strategies, such as ESG, impact investing, and activist investing, and how do they build appropriate cultures to support favored investment approaches?
  • How are asset owners dealing with the investment challenges presented by a persistent low-rate environment, and where are they finding new investment opportunities? How do they approach portfolio management issues, such as risk management, hedging, and liability matching?

16:15–17:45

Incorporating Geopolitical Analysis into Your Investment Process

Global Macro Strategist
BCA Research

  • Why geopolitics shouldn’t be ignored or assumed away in the investment process
  • How to utilize a methodological approach when incorporating geopolitical analysis into your investment decision-making process
  • Three case studies: US politics, US–China tensions, and euro area political risk
  • An assessment of the geopolitical outlook and its impact on markets

Wednesday, 16 May 2018

08:00–10:45

Exhibit Hall Open

09:00–09:15

Conference Remarks

09:15–10:15

China and G–20’s Green Finance Initiatives

Director, Center for Finance and Development, Tsinghua National Institute for Financial Research
Chairman, Green Finance Committee, China Society for Finance and Banking

  • Discussion of China’s recent progress in launching its green financial system and the green finance guidelines
  • Explanation of China’s G-20 Green Finance Study Group (GFSG)
  • Summary of the seven options proposed by the GFSG on how to enhance the role of the global financial system in mobilizing private capital for green investment

10:45–11:45

Plenary Session

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

11:45–12:45

Plenary Session

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