Registration for the Asset Allocation Workshop is now closed. If you were interested in attending, please note that we will be hosting additional workshops in the near future. You can find information on all upcoming events here.

Overview

Attend a unique, hands-on demonstration of state-of-the-art asset management techniques in practice, based on New Frontier's fifteen-year history of managing institutional-quality global multi-asset ETF portfolios for investors and institutions. 

New Frontier Chief Investment Officer, Robert Michaud, co-inventor of New Frontier’s multi-patented asset allocation technology; co-author of Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation (Harvard 1998, 2nd ed. Oxford 2008); and co-holder of four U.S. patents in portfolio optimization and investment management, will lead the interactive workshop with insights and practices gained from more than fifteen years in managing multiple core ETF-based investment strategies.

The workshop will incorporate case studies and real-world examples to demonstrate the application of New Frontier’s technologies in managing several types of investment mandates including tax-exempt, tax-sensitive, and income-based portfolios. Topics will include fund selection, risk and return estimation, portfolio optimization and construction, portfolio monitoring and rebalancing, and effective trading. 

Attendees will learn how to:

  • Build consistent, realistic forecasts that address missing and noisy data using state-of-the-art statistical estimation methods while incorporating investment views
  • Construct an efficient frontier for portfolios that accounts for market statistical uncertainty while addressing investor objectives
  • Determine when rebalancing a portfolio is most likely to add investment value
  • Improve the cost-effectiveness of trades with advanced resampling methods

Current New Frontier technology users and investment professionals interested in innovative investment technology for asset allocation in practice are encouraged to attend the one-day seminar. The goal is to provide participants with step-by-step illustrations implementing the many features of the New Frontier Asset Allocation System for investment issues. The tools include advanced statistical procedures for risk-return estimation, the Michaud Optimizer, the Michaud-Esch Rebalance Test, and statistical methods for minimizing trade implementation costs. 

Each participant will receive a complimentary copy of Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation (Harvard 1998, 2nd ed. Oxford 2008) as the text for the course. 

The workshop will be eligible for five CE credits through CFA Society Boston. Additionally, Investments & Wealth Institute® has accepted the Asset Allocation Workshop for five hours of CE credit towards the CIMA®, CPWA®, CIMC®, and RMA® certifications. Please contact Pauline Hickey with any questions.

Instructors

Robert Michaud 

Chief Investment Officer, New Frontier

Robert Michaud is Chief Investment Officer and Chief Technology Officer at New Frontier. He is the co-inventor of Michaud Resampled Optimization and has four U.S. patents in portfolio optimization and investment management. He is co-author of Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation (Harvard 1998, 2nd ed. Oxford 2008) and numerous research articles in refereed journals. As chair of New Frontier’s Investment Policy Committee, Robert is the lead manager of the firm’s institutional global strategic tax-exempt, global strategic tax-sensitive, and global multi-asset strategic income ETF investment strategy portfolios. Robert has over fifteen years’ experience developing and managing the New Frontier global strategic ETF portfolios. He has also lead the development of new technology at New Frontier, incorporating a multi-patented investment process into software for both clients and New Frontier alike to deepen the efficacy and usability of our investment tools. Robert’s research and contributions to applied finance over his decades-long career were profiled in WatersTechnology in "Rebel Math: Robert and Richard Michaud, New Frontier Advisors," an article authored by James Rundle. Robert holds a Masters in Mathematics from Boston University and pursued a Ph.D. in finance from the Anderson School of Management at the University of California, Los Angeles before joining New Frontier. 

Dr. Richard Michaud 

President and Chief Executive Officer, New Frontier

Dr. Richard Michaud is President and Chief Executive Officer of New Frontier. He earned a PhD in Mathematics from Boston University and has taught investment management at Columbia University. His research and consulting has focused on asset allocation, investment strategies, global investment management, optimization, stock valuation, and trading costs. He is the author of Efficient Asset Management (Harvard 1998, 2nd ed. Oxford 2008 with Robert Michaud), Investment Styles, Market Anomalies, and Global Stock Selection (CFA Research Monograph 1999), and over 60 published journal articles, manuscripts, and white papers available at SSRN.com and Researchgate.com, as well as on the New Frontier website. He is co-holder of four U.S. patents in portfolio optimization and asset management, a Graham and Dodd Scroll winner for his work on optimization, a former editorial board member of the Financial Analysts Journal, associate editor of the Journal Of Investment Management, and former director of the Q Group. Dr. Michaud's research was recently profiled in the WatersTechnology cover story "Rebel Math" (January 2019). Notable press articles also include "Modern Portfolio Theory’s Evolutionary Road" (Institutional Investor 2010) and Markowitz says Michaud has built a better mousetrap” (Pensions & Investments 2003).

Learn More

Where

 

Boston College Club
100 Federal Street
36th Floor
Boston, MA 02210

 

When

 

March 12, 2020
8:45 AM - 6:00 PM

 

Questions?

 

Contact Us