Big Data, Machine Learning, and AI
Their Applications and Implications for the Future of Asset Management
Big data, machine learning, and artificial intelligence, oh my! These tools are being used in countless ways in an effort to help us better understand the world around us and influence our decisions. What are the risks of our growing reliance on them? Meanwhile, asset managers are engaged in an arms race, trying to outgun one another with ever more intricate data sets and sophisticated means of parsing them. Our panel will explore how asset managers are leveraging these tools and whether they can provide managers a sustainable edge.
- Level set. What do the terms big data, machine learning, and artificial intelligence even mean? How are they related?
- The tool kit. How have these tools evolved over time? What does the current toolkit look like?
- Portfolio management applications. How can these be utilized in security selection and portfolio construction? Are they a substitute for human analysts and portfolio managers or a compliment?
- Efficacy. How can investors know if the application of any of the above can lead to better outcomes? Is this an approach that is long style and short substance?
- The future. What comes next? Is this simply an arms race?
Members - $45 or FREE with Function Ticket
Student Members - $10
Nonmembers - $65
(member pricing underwritten by CFA Society Chicago)
*Limited sponsorships available, contact Kim Augustyn at firstname.lastname@example.org
CFA Institute Qualified Activity: Eligible for 1.5 credit hours
Attire: Business Casual
Menu: Hors d’oeuvres and refreshments
4:00 pm - 4:30 pm: Registration & Networking
4:30 pm - 6:00 pm: Program
6:00 pm - 6:30 pm: Informal Networking
Metin Akyol, Ph.D., CFA, is a data scientist at Zacks Investment Management. His research focuses on quantitative models that incorporate big data that support the management of the investment strategies. Prior to joining Zacks, Akyol worked at the European Central Bank, the Center for European Economic Research, and the options and futures exchange in Frankfurt, Germany (Deutsche Boerse-Eurex). He earned his Ph.D. in economics from the University of Technology in Darmstadt, Germany. His research has been published in top journals, was awarded with a best paper award, and has been presented at numerous conferences. He currently serves as an adjunct professor at Trinity Christian College, IL.
Kevin Franklin, Managing Director, is a member of BlackRock's Systematic Active Equity Investment Group. He is responsible for BlackRock's Global Equity Strategies. Franklin rejoined the firm in 2010, building on five prior years of service with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined BlackRock after a year as head of Automated Trading at Marble Bar Asset Management in London, where he was responsible for MBAM's European systematic equity long-short product. At BGI, his previous roles include head of Portfolio Management for The 32 Capital Fund equity long-short strategy, as well as head of Market Neutral, Europe Active Equities. Prior to joining BGI, Franklin was a portfolio manager and trader at Horizon Asset Limited. Franklin earned a BS degree in applied physics and history from the California Institute of Technology in 2000.
Cathy O’Neil is the author of the New York Times bestselling Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy, which was also a semifinalist for the National Book Award. She is a columnist for Bloomberg View and founded the company ORCAA, an algorithmic auditing company. She earned a Ph.D. in math from Harvard, was a postdoctoral fellow in the MIT math department, and a professor at Barnard College where she published a number of research papers in arithmetic algebraic geometry. She then switched over to the private sector, working as a quantitative analyst for the hedge fund D.E. Shaw in the middle of the credit crisis, and then for RiskMetrics, a risk software company that assesses risk for the holdings of hedge funds and banks. She left finance in 2011 and started working as a data scientist in the New York start-up scene, building models that predicted people’s purchases and clicks. O’Neil wrote Doing Data Science in 2013 and launched the Lede Program in Data Journalism at Columbia in 2014.
Sam Shapiro is a member of the Quantitative Investment Strategies (QIS) group within Goldman Sachs Asset Management (GSAM). He focuses on research, strategy and client communication for the broad suite of active (alpha) equity portfolios. Previously, Shapiro was a research associate on the Institutional Investor ranked quantitative strategy research team at Sanford C. Bernstein and Co., where he focused for alpha signal research and risk modeling for global equities. Shapiro graduated from Carnegie Mellon University with an MS in computational finance. He also holds a BA in mathematics from Yeshiva University.
*Special Notes Regarding Fees:
Regular, Candidate, and Affiliate Members may apply function tickets as payment for Non-member or Student-Member. Credit card required to guarantee ALL reservations except for reservations using Function Tickets. Day-of-event registrations accepted on-site only if applicable and space available. There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, May 1st.
This is a "Passport Program." Members of any CFA society may attend at the CFA Society Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.
CFA Institute CE Qualified Activity This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.
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