Research Symposium June 2022 - overview, program & registration

Portfolio Construction Forum Research Symposium explores contemporary investment research issues relevant to Practitioners who design, build and/or manage multi-asset, multi-manager portfolios. Supported by CIMA Society and presented in June and November each year, the program features academics from leading university business schools, independent consultants, and portfolio construction practitioners.

Our 03 June 2022 program features economic analyst and FT columnist, Rana Foroohar (New York), consultant Tony Davidow, CIMA® (New York), UNSW academic Elise Payzan-LeNestour, PhD (Sydney) and independent consultant, Michael Furey, CIMA® (Brisbane) presenting on four distinct investment research issues. The full program including topics is below.

If your role is focussed within the spectrum of issues involved in designing, building and/or managing investment portfolios using (but not necessarily limited to) managed funds from a range of firms, we’d welcome you joining us as our guest.  Register as our guest!.

Graham Rich
Dean, Portfolio Construction Forum

Overview  When; Where; Aim; Most suited to; CE/CPD; Cost

About the program  Topics and Faculty

Register now  Registration options; Terms and conditions

Overview

When & where:  AEST 10.00am-12.30pm Friday 03 June 2022

Where:  Zoom - the afternoon prior, we’ll send you a link that is unique to you, to use to join us on the day.
Arrive:  AEST 9.45am-10.00am
Starts:  AEST 10.00am sharp
Ends:  AEST 12.30pm sharp

Aim of the program

Research Symposium enables you to explore contemporary investment research issues relevant to multi-asset, multi-manager portfolio construction, to challenge your thinking and help you build better quality investor portfolios.

Most suited to:  Institutional and wholesale portfolio construction practitioners

Research Symposium is relevant to all institutional and wholesale practitioners.

It is essential for practitioners involved in designing and building multi-asset, multi-manager portfolios using (but not necessarily limited to) managed funds from a range of firms, and who work a financial advisory, fund research, investment consulting, family office, funds management, superannuation, private fund, endowment fund or investment platform business including:

  • investment advisers giving investment advice on multi-manager, multi-asset funds to individual investors;
  • fund researchers;
  • investment consultants consulting on multi-asset, multi-manager portfolios;
  • portfolio managers designing, building and managing multi-manager investment portfolios; and/or,
  • members of investment committees that oversee multi-asset, multi-manager portfolios and/or funds.

CE/CPD Accreditation:  2.50 hours

By attending the program in full, you will earn 2.50 CE hours that can be used to help meet the CE/CPD requirements of 20 governing bodies (regulators, associations and institutes - including ASIC, APRA, FASEA, FMA, AFA, FPA and CIMA® CE/CPD requirements, to name just a few.

Cost (Practitioners):  $0 for Practitioner members

There is no fee for Practitioners to attend Research Symposium - it is a complimentary, invitation-only program for our Practitioner members, as defined below.

We welcome Advocates attending and have a range of registration options available. For more information, please contact us.

Research Symposium 03 June 2022 - program

Markets

Free and fair global markets require shared values
After the Second World War, western policymakers established the Bretton Woods system to protect capitalism from the forces of fascism and socialism. For a long time, this idea worked, in part because the balance between national interests and the global economy did not get too far out of whack. However, over the past 20 years, global capitalism ran ahead of domestic concerns in individual nation states, while some countries failed to observe the international rules. As policymakers begin the process of crafting a new Bretton Woods, and seek to embed the values that liberal democracies want to uphold, practitioners must understand the implications for asset classes and portfolio construction.
- Rana Foroohar, FT columnist and CNN global economic analyst (New York)

Strategies

Today’s market requires an alternative course of action
During the bull market from 2009-2020, investors did well with large allocations to global equity markets, and a modest fixed income allocation to buffer volatility. However, the next 10 years are likely to be dramatically different than the last 10 years, and investors will need allocations to investments that can deliver enhanced returns, increased income, dampen volatility, and hedge inflation. A diversified alternative portfolio can help meet your client needs in this challenging environment.
- Tony Davidow, CIMA®, T. Davidow Consulting (New York)

Finology

We can harness neuroscientific insights to generate alpha
Building on evidence from neuroscience and psychology, prolonged exposure to high volatility causes market participants to subsequently underestimate volatility (and vice versa), leading to predictability in stock returns. Distortions in the CBOE Volatility Index (VIX) are consistent with this finding, and investors may construct a trading strategy which exploits the effect. Applied to S&P 500 exchange-traded funds and VIX futures contracts, such a strategy significantly outperforms a buy-and-hold index portfolio, with higher annualised performance, lower volatility, and alphas exceeding 4%.
- Elise Payzan-LeNestour, PhD, Scientia Associate Professor, UNSW Business School (Sydney)

Investing

We must invest with a multi-factor mindset
Over the last couple of years, the value and growth styles in equity markets have traded dominance, with value recently gaining the upper hand as inflation and bond yields have increased sharply. But looking at funds through a simple value/growth style lens is not enough. We must take a multi-factor approach to analysing funds – including ESG, Quality, Size, amongst others – to reveal the full picture and ensure equity portfolios reflect the investor’s longer-term philosophy and/or shorter term views.
- Michael Furey, CIMA®, MD, Delta Factors & Advisory (Brisbane)

Register now

By registering for Portfolio Construction Forum Research Symposium 03 June 2022 (the “Program”), you agree you have read, understood and agree to be bound by our Portfolio Construction Forum Program Terms and Conditions, including but not limited to the CE and Cancellations terms.

  • Practitioner registration:   A$0+GST   Register now
    Before registering, please check whether you meet our Practitioner definition below.
  • Advocate registration: We have a range of registration options available. For more information, please contact us.

Are you a Practitioner or Advocate?

Practitioners
Those who work within a financial advisory, fund research, investment consulting, family office, funds management, superannuation, private fund, endowment fund or investment platform business, and who have a primary day-to-day role focused within the spectrum of issues involved in designing and building multi-asset, multi-manager portfolios using (but not necessarily limited to) managed funds from a range of firms:

  • investment advisers giving investment advice on multi-manager, multi-asset funds to individual investors;
  • fund researchers;
  • investment consultants consulting on multi-asset, multi-manager portfolios;
  • portfolio managers designing, building and managing multi-manager investment portfolios; and/or,
  • members of investment committees that oversee multi-asset, multi-manager portfolios and/or funds.

Advocates
If our Practitioner definition (above) doesn’t describe your primary day-to-day role, then you’re an Advocate. Advocates include business and non-investment professionals from any firm. We recognise and respect the invaluable role of Advocates and welcome them attending, too. For more information, please contact us.

 

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