Distinguished Speakers Series: Brian Singer, CFA (Ended)
From Traditional Asset Allocation to Risk Capital Allocation
Brian Singer, CFA
Chief Investment Officer - Singer Partners
Date, Time and Location:
Tuesday, April 12, 2011
12:00 - 1:00 p.m.
The Standard Club - 320 S. Plymouth Court - Chicago, IL 60604
Traditional and alternative are arbitrary distinctions in asset management. As these distinctions fade, long-suppressed doubts surface, calling into question traditional asset allocation. What is the importance of the market portfolio and the Capital Asset Pricing Model (CAPM) when investors begin to think about total returns and asset/liability management? Should investors focus on total returns or relative returns? Is the policy portfolio rendered moot? Brian will argue that answers come into view by discarding hard distinctions between market and active exposures and risks. The recent focus on alpha and beta separation is seen to be too extreme and a shift in the focus of asset allocation from beta management to holistic risk capital allocation is the likely future path.
Members - $45
Non-Members - $55
Student-Members - $10
(payable by cash, check, credit card or function ticket)*
CFA Institute Qualified Activity:
Eligible for 1 credit hour
Chef's Choice (Vegetarian meal available upon request)
Register online below, or by phone: 312-251-1301
Introduction by Jeff Smith, CFA
Presenter Background Information:
Mr. Singer is Chief Investment Officer of Singer Partners, LLC. Prior to Singer Partners, he was the former head of Global Investment Solutions and Americas Chief Investment Officer for UBS Global Asset Management, and was a member of the UBS Group Managing Board and Global Asset Management Executive Committee. Mr. Singer is a former board member and chair of the CFA Institute Board of Governors, and is also a former member of the Research Foundation of CFA Institute Board of Trustees. He was elected to the Board in 2004 and previously served as chair of the Candidate Curriculum Committee. Mr. Singer serves on the Exeter College at Oxford University Endowment Investment Committee and is the chairman of the Milton Friedman inspired organization 'Free To Choose Network.'
Mr. Singer co-wrote a landmark update to one of the pioneering studies on asset allocation, 'Determinants of Portfolio Performance II: An Update,' with Gary Brinson and Gilbert Beebower. He was also the lead author of 'Investment Leadership and Portfolio Management', Wiley Publishing.
11:30 am - 12:00 pm: Registration & Networking
12:00 pm - 1:00 pm: Luncheon & Presentation
*Special Notes Regarding Fees:
Student rate only available to students approved as a Student-Member of CFA Chicago for 2010-2011. Regular and Affiliate Members may apply function tickets as payment for Non-member or Student-Member. Credit card is required to guarantee ALL reservations except for ONLINE reservations using FUNCTION TICKETS. No day-of-event pre-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, April 7th.
This is a "Passport Program." Members of any local CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.
This program qualifies for credit under the guidelines for the CFA Institute Continuing Education Program. Please click here if you would like more information.
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