2021 Events

OCT 19

Webinar: "Quarterly Market Perspectives"

with Robert Michaud and Joy Zheng

Chief Investment Officer Robert Michaud is joined by research analyst Joy Zheng to discuss the past quarter's markets and a look ahead. 

Register

JULY 14

Webinar: "Quarterly Market Perspectives"

with Robert Michaud, John McCrary, and Joy Zheng

Chief Investment Officer Robert Michaud is joined by research analysts John McCrary and Joy Zheng to discuss the past quarter's markets and a look ahead. 

Register

MAY 13

CFA Society Boston and New Frontier Institute Present
© Distinguished Lecture Series, Spring 2021: 
Who Owns and Trades Bitcoin: Evidence from the Blockchain

with Antoinette Schoar, Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship at the MIT Sloan School of Management 

CFA Society Boston and New Frontier Institute are proud to present a Distinguished Lecture Series of highly topical presentations by widely acknowledged authorities on issues of particular interest to asset management practitioners. The Series consists of four monthly lectures beginning in February and ending in May 2021. The presentations include an analysis of the pension fund management crisis, the surprising long-term performance of equities, defining ESG for asset management, and the latest research in cryptocurrencies. 

Cryptocurrencies have had a remarkable growth in valuation and attention over the last decade. The distinguishing feature of cryptocurrencies is the promise of a decentralized system of payments and storage of value outside the traditional nexus of government scrutiny. While more than 4,500 cryptos are now in circulation, Bitcoin is still by far the largest market with market cap in excess of $750 billion. But despite its dramatic rise we still know little about the participants in the Bitcoin eco system and their utilization of Bitcoin. Who are the largest holders of BTC balances? Who is using BTC for transactions or trading? And what is the geographic distribution of the participants? The talk will focus on a number of new stylized facts about the ownership, concentration of balances and volume across the major groups of participants on the BTC platform. In particular the behavior of miners, exchanges, illegal uses and scams, and large holders.

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April 20

Webinar: "Quarterly Market Perspectives"

with Robert Michaud, David Esch, John McCrary, and Joy Zheng

Chief Investment Officer Robert Michaud is joined by research analysts John McCrary and Joy Zheng to discuss the past quarter's markets and a look ahead. 

Register

APR 13

 

CFA Society Boston and New Frontier Institute Present
© Distinguished Lecture Series, Spring 2021: 
Defining ESG Investing

with Roberto Rigobon, Society of Sloan Fellows Professor of Management and Professor of Applied Economics at the MIT Sloan School of Management

CFA Society Boston and New Frontier Institute are proud to present a Distinguished Lecture Series of highly topical presentations by widely acknowledged authorities on issues of particular interest to asset management practitioners. The Series consists of four monthly lectures beginning in February and ending in May 2021. The presentations include an analysis of the pension fund management crisis, the surprising long-term performance of equities, defining ESG for asset management, and the latest research in cryptocurrencies. 

An exploration of the challenges of using ESG ratings in the construction of portfolios and the estimation of returns. The discussion began with an examination of the discrepancies that exist in measurement, how they can be interpreted as a problem of noise, and how rating agencies can help resolve this noise. The presentation concluded with an explanation of how returns may be better computed, and considers how this method can be used to construct more robust portfolios. 

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APR 9

College of Charleston Strategic Investment Symposium

Robert Michaud has been invited to speak at The College of Charleston's Strategic Investment Symposium on April 9, 2021, where he will be presenting on the topic of "Value Investing, Quant Investing, Business Culture."

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MAR 17

 

CFA Society Boston and New Frontier Institute Present
© Distinguished Lecture Series, Spring 2021:
Do Stocks Outperform Treasury Bills?

with Hendrik Bessembinder, Professor and Francis J. and Mary B. Labriola Endowed Chair in Competitive Business

CFA Society Boston and New Frontier Institute are proud to present a Distinguished Lecture Series of highly topical presentations by widely acknowledged authorities on issues of particular interest to asset management practitioners. The Series consists of four monthly lectures beginning in February and ending in May 2021. The presentations include an analysis of the pension fund management crisis, the surprising long-term performance of equities, defining ESG for asset management, and the latest research in cryptocurrencies. 

Do stock markets outperform low risk investments long-term? This is the famous equity premium puzzle. Yet the fact is that most stocks underperform Treasury bills in the long run. Indeed the median long run return to an individual stock is negative. How can this be? Professor Bessembinder shows that the positive long run return premium may be driven by extreme return on a relatively few stocks. In this presentation, he will update his original study for global stocks and mutual funds while discussing implications for portfolio strategies and performance measurement.

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FEB 17

 

CFA Society Boston and New Frontier Institute Present
© Distinguished Lecture Series, Spring 2021:
Pension Lessons Learned from the Pension Crisis

with Ron Ryan, CEO and Founder, Ryan ALM, Inc

CFA Society Boston and New Frontier Institute are proud to present a Distinguished Lecture Series of highly topical presentations by widely acknowledged authorities on issues of particular interest to asset management practitioners. The Series consists of four monthly lectures beginning in February and ending in May 2021. The presentations include an analysis of the pension fund management crisis, the surprising long-term performance of equities, defining ESG for asset management, and the latest research in cryptocurrencies. 

In his seminar, “Pension Lessons Learned from the Pension Crisis,” Ron Ryan explores how over the past 3 decades, the fiscal health of U.S.-based defined benefit plans has deteriorated to the point in which the funded ratios of corporate, multi-employer, and public plans now stand at approximately 85%, 82%, and 66%, respectively.  This is in stark contrast to the surpluses and nominal contribution rates that many major pension funds maintained back in the 1990s. His presentation provided an overview of the circumstances that have pushed the pension industry to the brink of insolvency today, as well as discussed policy solutions that may help stave off a potential systemic crisis.

Register

JAN 14

Webinar: "Quarterly Market Perspectives"

with Robert Michaud, John McCrary, and Joy Zheng

Chief Investment Officer Robert Michaud is joined by research analysts John McCrary and Joy Zheng to discuss the past quarter's markets and a look ahead. 

Register