What's Emerging in Emerging Markets: The New Frontier (Ended)
Date, Time, and Location:
Wednesday, January 30, 2013 (add this event to your Outlook Calendar)
Northern Trust Building, 50 S. LaSalle Street, 6th Floor Auditorium Chicago, IL (Driving Directions)
Larry Speidell, CFA, Chief Investment Officer, Frontier Market Asset Management, LLC
Greg Behar, Senior Investment Strategist, Northern Trust Asset Management
William H. Belden, III , Managing Director, Head of Product Development, Guggenheim Investments
Asha Mehta, CFA, Portfolio Manager, Acadian Asset Management, LLC
Michael Sebastian, Partner, Hewitt EnnisKnupp
Date: Wed., Jan. 30, 2013
Time: 3:30pm - 6:00pm
Location: Northern Trust Bank Building
B6 Assembly Room (6th Floor Auditorium)
50 S LaSalle Street, Chicago, IL
What are Frontier Markets, and what are the potential investment opportunities?
As globalization progresses, the role of "frontier" markets is growing in the world of investing. These are markets in countries not included in the current benchmarks of MSCI EAFE and Emerging Markets, although some are included in the index dataset. There is strong evidence that investors should open up their horizons to include over 60 small stocks markets in frontier countries. They present significant opportunities, are priced attractively and have low correlations with other markets. They also include many excellent companies and a growing number of CFA Charterholders. Finally, they are home to 1 billion people who can benefit from our investment in them, while we can benefit from the fruits of their progress.
Members - $45
Non-Members - $55
Student-Members - $20
(payable by cash, check, credit card or function ticket)*
CFA Institute Qualified Activity: Eligible for 2 credit hours
Attire: Business Casual
Menu: Refreshments and light appetizers
Register online below.
3:00 - 3:30pm: Registration (LaSalle & Monroe entrance lobby) and Networking
3:30 - 4:30pm: Presentation of "What's Emerging In Emerging Markets: The New Frontier" by Larry Speidell, CFA.
4:30 - 4:45pm: Break
4:45 - 5:45pm: Panel Discussion: Investing in Frontier Markets - Active, Quantitative, Passive, and ETF's
5:45 - 6:30pm: Networking (with refreshments and light appetizers)
Hosted by: Education Advisory Group
Larry Speidell, CFA, is the author of the 2011 CFA Institute Research Foundation monograph, "Frontier Market Equity Investing: Finding the Winners of the Future." He was also featured in the July/August 2010 edition of the CFA Magazine in an article titled "Back to the Frontier" by Jonathan Barnes. Speidell is founding Partner, CEO and Chief Investment Officer of Frontier Market Asset Management, sponsor of the Frontier Market Select Fund, which invests in frontier stock markets around the world. He travels widely and has recently researched companies in many places, including Abu Dhabi, Bangladesh, Botswana, Cote d’Ivoire, Dubai, Ghana, India, Kazakhstan, Kenya, Malawi, Pakistan, Qatar, Senegal, Trinidad & Tobago, Ukraine, Uzbekistan, Vietnam and Zambia. From 2003 to 2006 he was Executive Vice President at Laffer Associates, an investment management and economic research firm. Prior to joining Art Laffer, Speidell was a Partner and Director of Global Research and Management at Nicholas Applegate where he launched the firm's emerging markets products and developed and enhanced the firm's international and global quantitative disciplines. Speidell also spent eleven years as a Trustee at Batterymarch Financial Management where he was a portfolio manager for domestic and international strategies, was responsible for one of the first equity funds in China and worked on the development of a fund for Russia. As Senior Vice President and portfolio manager at Putnam Management Company from 1971 to 1983, Speidell served as a member of that firm's Investment Policy Committee. He is a past president of the Boston Securities Analysts Society and a past director of the Investor Responsibility Research Center in Washington, D.C. Prior to the investment business, Speidell earned his B.E. in Mechanical Engineering from Yale University and his M.B.A. from Harvard University and served as a submarine officer in the U.S. Navy.
Greg Behar is a Senior Vice President at The Northern Trust Company. Behar plays a critical role in the development of the Northern Trust Frontier Markets strategy and has authored numerous articles on frontier and emerging markets. He is a senior investment strategist in the Global Quantitative Management Team. Behar is responsible for developing global quantitative equity solutions and investment insights for institutional investors. He has comprehensive investment knowledge of global index, active quantitative, and traditional fundamental equity strategies and the utilization of these strategies across multiple client segments. Prior to joining Northern Trust, Behar was a portfolio specialist for the active quantitative equity strategies at Deutsche Asset Management, conducting product development activities and representing investment strategies with clients, prospects, trustees and consultants. He was previously a portfolio specialist for traditional fundamental strategies at Zurich Scudder, providing clients and consultants with research and insights on a broad range of international and domestic strategies. Behar received a B.A. degree in Economics from Binghamton University.
William H. Belden, III is a managing director and head of product development at Guggenheim Investments. Belden has direct oversight for mutual funds, closedend funds, exchange-traded funds, variable annuities and product strategy. Prior to his current role, he was responsible for the overall operations of Guggenheim Investments ETF business line, which included product development, distribution and marketing activities. Prior to Guggenheim Investments, Belden worked as a senior product manager at Northern Trust Global Investments, where he was responsible for overseeing proprietary mutual fund products. Prior to Northern Trust, he was vice president of product management at Stein, Roe & Farnham and served as vice president for relationship management in the cash products group at Kemper Financial Services. Belden is regularly quoted in financial media outlets. He earned his MBA from the University of Chicago's Booth School of Business and has a B.S. in finance from Miami University. He is series 7, 24 and 63 registered.
Asha Mehta, CFA, is the lead portfolio manager on Acadian's Frontier Markets strategy and is also on the team that manages Acadian's highly ranked Emerging Markets strategies. In addition to identifying factors that enhance stock selection, Mehta travels frequently to developing nations to meet with companies and government entities. She joined Acadian Asset Management in April 2007. Prior to that, she worked at Goldman Sachs, where she was an investment banker executing energy and power transactions in the emerging markets, and she worked at Johnson & Johnson in a strategy role. Early in her career, she conducted microfinance lending in India. She has travelled to 46 countries and lived in six. Mehta holds an MBA with Honors from The Wharton School (University of Pennsylvania) and a B.S., Biological Sciences and A.B., Anthropology, from Stanford University. She is a member of the Boston Security Analysts Society.
Mike Sebastian is a partner on Hewitt EnnisKnupp's Investment Solutions team, which is charged with overseeing thought leadership and development of advisory positions, as well as investment policy-related work for clients. Sebastian is a member of the firm's Global Investment Committee and its U.S. Investment Committee, which among other duties are responsible for the firm's global and U.S. investment beliefs, respectively. Additionally, he serves as a primary consultant for a select number of Hewitt EnnisKnupp retainer and project clients, focusing on the large public pension fund market. Sebastian has authored and co-authored a number of research articles published in the Journal of Portfolio Management, the Journal of Private Equity and the Journal of Investing, two of which received a Bernstein Fabozzi/Jacobs Levy award for outstanding research. Sebastian has served as an adjunct faculty member at Northwestern University, and is a member of the board of directors of the Midwest Finance Association. Prior to joining the firm in 1997, he was head teaching assistant for core finance for the Department of Finance at the University of Illinois in Urbana-Champaign. Sebastian holds B.S. and M.S. degrees in finance from the University of Illinois at Urbana-Champaign.
*Special Notes Regarding Fees:
Regular and Affiliate Members may apply function tickets as payment for non-member and/or students member. Credit card is required to guarantee ALL reservations. 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, Jan 25.
Members of any 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.
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.