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Event Detail

Impact Investing: A New Investing Paradigm (Ended)


Hosted by: Education Advisory Group

Date, Time, and Location:
Wednesday, June 05, 2019 (add this event to your Outlook Calendar)
4:00 pm - 6:00 pm
Palmer House Hilton, 17 E. Monroe Street, Chicago, IL  60603   (Driving Directions)

Program Description: 
Impact investing refers to investments that seek to generate beneficial, measurable social and environmental impact in addition to a financial return. The impact investing market offers diverse and viable opportunities for investors to advance social and environmental solutions through investments that also produce financial returns. Our panel will discuss the evolving nature of the market from SRI to ESG to impact investing along with where impact investing fits on the spectrum of measurably public market investments to less tangible private market grants and donations. 

  • Determine an objective definition for impact investing and how it applies to each area of the investing landscape that CFA charterholders are exposed to.
  • Determine the participants in impact investing and modes of implementation today and analyze how both could evolve in the future.
  • Show how Impact Investing is affecting VC, PE, public markets and real estate.

Moderator:
Priya Parrish - Managing Partner, Impact Engine

Panelists:
Susan Chung, CFA - Managing Director of Investment Management, Wespath
Charles Coustan - Portfolio Manager, MacArthur Foundation
Andrew Lee - Head of Sustainable and Impact Investing, UBS Wealth Management Americas

Fees:
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 sponsorship@cfachicago.org

CFA Institute Qualified Activity: Eligible for 1.5 credit hours

Attire: Business Casual

Menu: Appetizers and refreshments

Registration: Online

Agenda: 
4:00 pm - 4:30 pm: Registration & Networking
4:30 pm - 6:00 pm: Program

Speaker Bios: 

Susan Chung, CFA, joined Wespath in April 2018. As the managing director of Investment Management, Chung provides strategic investment support and risk management for Wespath’s investment program, as well as administrative and operational oversight. She leads a team of investment professionals responsible for sourcing, monitoring and reporting on all of Wespath’s fixed income, equity, and alternative investments, and its internally managed Positive Social Purpose Lending Program. Prior to this role, Chung was the Head of Global Strategy at Allstate Investments, where she was responsible for providing views on global macro-economic and geopolitical events. Her previous experience includes investment consulting with Ennis Knupp & Associates (now Aon Hewitt Investment Consulting), managing real estate and structured debt with Bank of America, and equities analysis with Morningstar. Chung received a bachelor’s degree in mathematics and economics from the University of Chicago. She received her MBA in finance and accounting from the Booth Graduate School of Business at the University of Chicago. Chung is a CFA charterholder.

 

 

Charles Coustan is responsible for managing the MacArthur Foundation’s $500 million portfolio of impact investments including loans, equity investments, deposits and guarantees. Prior to joining MacArthur, Coustan served as executive director at World Bicycle Relief, an international non-profit that designs, manufactures, and distributes rugged bikes in the developing world to improve access to education, healthcare, and economic opportunity. Prior to WBR, Coustan spent 10 years in equity research, the last six of which were at William Blair. Earlier in his career, he was the director of housing development at Tenderloin Neighborhood Development Corporation where his team acquired and/or substantially renovated over 700 units of low-income housing in San Francisco. He holds a B.A. in Economics from the University of Michigan, Ann Arbor, and a M.B.A. from the Haas School of Business at the University of California at Berkeley.

 

Andrew Lee joined UBS Global Wealth Management's Chief Investment Office in July 2012 and currently serves as head of Sustainable and Impact Investing, supporting clients with investment advice, strategy and thought leadership in these areas. Prior to this, he was deputy global head of the CIO Ultra High Net Worth / Alternatives / Sustainable and Impact Investing group, with specific responsibility for the Impact Investing and Private Markets teams. Lee is a managing director based in New York.  Prior to joining UBS, Lee was managing director overseeing investments for a private New York based single family office. In this capacity, he was responsible for managing asset allocation, theme development, due diligence and execution of all direct and indirect investments for the family investment vehicles. Previously, Lee was part of a long/short equity hedge fund team at Deutsche Asset Management. Before this, he worked at Lazard in the generalist banking (M&A) and real estate private equity groups. Lee has an MBA from the Wharton School and an AB from Harvard College.

 

 

Priya Parrish is managing partner at Impact Engine, a venture capital and private equity investment firm focused on companies that generate positive outcomes in education, health, economic empowerment, and environmental sustainability. Prior to joining Impact Engine, she served as chief investment officer at Schwartz Capital Group, a single-family office investing across global markets. Previously, Parrish was strategy head at Aurora Investment Management, a multi-billion-dollar manager of hedge fund portfolios, and managed product development of investment products that incorporated environmental, social and governance (ESG) factors at Northern Trust Asset Management and KLD Research & Analytics. Parrish currently serves as Impact Investor in Residence at the University of Chicago Booth School of Business, where she teaches and mentors students about impact investing strategies. She holds a Bachelor of Science in business management from Babson College and an MBA from the University of Chicago Booth School of Business.

 

*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 30th.

Passport Program 
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

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.