The Active vs. Passive Debate: Trends, Insights, and Case Studies Webcast
Recorded on Tuesday, June 13, 2017
Date, Time, and Location:
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The active vs. passive debate continues to be one of the contentious topics in the investment management industry. There can be little doubt that it has become more difficult for active managers to consistently generate alpha and justify what can be a substantial fee premium. But many investors and managers continue to believe in the promise of active management. Adding to the complexity, factor-based strategies, also known as smart beta, are blurring the lines between active & passive. Come hear from a collection of the foremost experts on this topic as they discuss the future of alpha, beta, and all things in-between.
- How has Dr. Eugene Fama's efficient market hypothesis framed the active vs. passive debate?
- What does current research tell us about asset classes and geographies where active management has done well or struggled?
- How have recent fund flows into passive strategies impacted performance and what trends do our panelists see moving forward?
- What framework should investors consider when thinking about how factor-based or "smart beta" strategies can fit into their portfolios? Are they active, passive, or somewhere in-between?
- How do leading investors think about the right blend of active and passive management and implement these ideas in their portfolios?
Trends and Insights (Approx. 1 hour)
Keynote Interview (Approx. 1 hour)
Case Studies (Approx. 1 hour)
Registration: View webcast online
Hosted by: CFA Society Chicago Education Advisory Group and CFA Institute
CFA Institute Qualified Activity: Eligible for 3 credit hours
Eugene F. Fama - Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, 2013 Nobel Laureate in Economic Sciences
Bob Litterman - Chairman, Risk Committee, and Founding Partner, Kepos Capital
PANEL 1: TRENDS AND INSIGHTS
Research supporting passive and active management, fund flows and its impact on performance
Nat Kellogg, CFA - Director of Manager Search, Managing Partner, Marquette Associates
Joel M. Dickson, Ph.D. - Global Head of Investment Research and Development and Principal, Investment Strategy Group, Vanguard
Brett Hammond, Ph.D. - Research Leader at the American Funds, Capital Group
Aye Soe, CFA - Head of North America Research & Design, S&P Dow Jones Indices
PANEL 2: CASE STUDIES
Investor considerations, asset allocation, finding the right mix of active, passive, and smart beta
Jason Stoneberg, CFA - Director, Research & Product Development of ETF Research, PowerShares by Invesco
Lisa Haag, CFA - Director, Investment Strategy, The Boeing Company
Jason Laurie, CFA, CFP - Founding Partner and Managing Director, Altair
Marc Levine - Chairman of the Board, Illinois State Board of Investment
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