Downside Management Strategies
In the 9th year of an equity bull market, many institutional investors are thinking ahead about the next downturn. They are wondering if there's a good way to protect their portfolios during bear markets without harming performance.
In this presentation, Ken Frier and Gretchen Tai will survey the popular downside protection strategies offered by asset management firms and investment banks, including risk parity, low volatility equities, put buying, and momentum. Mr. Frier and Ms. Tai will discuss the pros and cons of each approach and whether they are likely to be helpful in the next downturn.
A boxed lunch will be provided.
Ken Frier, CFA, Partner, SECOR Asset Management
Ken Frier, CFA, is a Partner at SECOR Asset Management. Mr. Frier has over 30 years of experience as an institutional investor, previously serving as Chief Investment Officer at The Walt Disney Company, Hewlett-Packard, Stanford Management Company, and the UAW Retiree Medical Benefits Trust. He has written and spoken extensively on risk management and asset allocation strategies, and originated enhancements to many risk management tools that are widely used by institutional investors today, such as liability hedging, equity downside protection and currency management. Mr. Frier graduated with honors in Mathematical Science from the University of North Carolina, Chapel Hill and has an MBA from the Stanford Graduate School of Business, where he was an Arjay Miller scholar.
Gretchen Tai, Partner, SECOR Asset Management
Gretchen Tai, is a Partner at SECOR Asset Management. Previously, she served as Chief Investment Officer of Hewlett-Packard Company and oversaw approximately $45B of various benefit plan assets of HP and affiliated companies. Earlier in her career, Ms. Tai was an investment banker at Merrill Lynch and Credit Suisse and as a management consultant with McKinsey & Co. Ms. Tai graduated magna cum laude from Wellesley College with a major in mathematics and a minor in economics and has an MBA in finance from MIT’s Sloan School of Management.
This event qualifies for 1.5 hours of continuing education credit for CFA Charterholders.
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