Friday, June 25, 11am-12pm EDT
“Portfolio Management in an Inflationary World: Opportunities and Pitfalls”
Falling interest rates have been the engine driving profits in stocks and bonds for over 40 years. But with global equities trading at all-time highs, real bond yields are negative in most major markets. How is a traditional 60/40 portfolio of stocks and bonds likely to perform over the next five years? The investment outlook is further clouded by the specter of inflation–surveys of investment managers list inflation as the single biggest threat to the markets. We can debate just how “transitory” inflation will be, but most of us would agree that the era of deflation and zero interest rates is coming to an end. If that supposition is correct, the fixed income markets may no longer be a safe haven. What are the alternatives? How should investors be allocating capital?
Join our distinguished panel of preeminent professionals as they opine on the prospects of inflation and discuss potential opportunities for institutional portfolios.
Steven Geovanis, Chief Risk Officer, Lyxor Asset Management, Inc.
Aiman El-Nahas, CAIA, Senior Advisor, Fund Management Group, Ontario Power Generation
Patrick Esteruelas, Head of Global Research, Emso Asset Management US LLC
Atul Lele, CFA, Portfolio Strategist, Bridgewater
Luigi Rossi, Portfolio Manager, External Managers, Ontario Teachers’ Pension Plan
Friday, July 9, 11am-12pm EDT
“Crisis Protection 2.0: Optimizing Liquid Alternatives for Crisis Returns and Long-Term Returns”
A wide range of strategies may be used to diversify equity risk, each with their own unique set of performance characteristics in terms of long-term return, crisis return and consistency of crisis protection. Meanwhile, there is no “one size fits all” solution, and investors often face challenges in achieving reliable equity crisis protection without sacrificing persistent alpha. Investors may be contemplating cutting duration risk and strategically repositioning allocations with the objective of building a portfolio of complementary convex strategies that can deliver both crisis protection and robust long-term returns. Here we explore the various implementation considerations for managing such a portfolio in terms of risk management, operational efficiency, and cost-effectiveness from both a manager and allocator perspective.
Join our exceptional panel of illustrious experts as they discuss various considerations related to equity tail risk mitigation and contemplate ways to achieve consistent crisis protection without creating a terminal drag on returns during “normal” market environments.
Michael Ide, Hedge Fund Investment Due Diligence Analyst, Albourne America LLC
Nicolas Dang, CFA, FRM, CAIA, Manager – Absolute Return, CN Investment Division
Edward Tricker, PhD, Chief Investment Officer, Quantitative Strategies, Graham Capital Management
Friday, July 23, 11am-12pm EDT
“Investing in the New Commodity Supercycle: A Generational Demand Shock Meets a Decade of Under-Investment”
Commodities are arguably the most under-invested asset class of the last decade. Today, however, given their value in inflation protection, portfolio diversification, and alpha generation, many investors now find themselves playing catch-up. The next commodity supercycle has begun. Spurred on by a generational demand shock post-COVID, and further enhanced by a “build it back better” green transition, infrastructure spending plans are accelerating in both developed and emerging markets.
Join a distinguished panel of experts as we explore various way to add commodity exposure to portfolios for positive outcomes in both investment performance and environmental impact.
Cedric Fan, CFA, Senior Director, Head of Hedge Funds, Russell Investments
Tim Pickering, Founder & Chief Investment Officer, Auspice Capital Advisors
Steven Wilson, Director, Stable Value Hedge Funds and ACWI Beta One, Teacher Retirement System of Texas