Equity Downside Risk Management: When and How?
With continuing declines in global economic growth, equity downside risk management is increasingly of interest to investors. They are wondering if the long-feared equity bear market is close, and if so what risk mitigation strategies are best. At this session, Ken Frier and Gretchen Tai will identify which information is most important to monitor, and how this information may be combined into an effective framework for determining when equity downside risk is at its highest. They will also refer back to their popular CFA Society San Francisco presentation of last year, which offered opinions about the mainstream downside protection strategies offered by asset management firms and investment banks, with an update of those strategies have done in the volatile equity market of the past year.
Ken Frier, CFA, Partner, SECOR Asset Management
Ken Frier, CFA a consultant and asset manager based in NY. He has over 30 years of experience as an institutional investor, having been Chief Investment Officer of The Walt Disney Company, Hewlett-Packard Company, Stanford Management Company and the UAW Retiree Medical Benefits Trust. 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. Mr. Frier is a CFA charterholder.
Gretchen Tai, Chief Investment Officer, California State Automobile Association.
Gretchen Tai is the Chief Investment officer at CSAA. She was previously a Partner with SECOR Asset management and the Chief Investment Officer of Hewlett-Packard Company. Earlier in her career, she worked as 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.
4:00 - Registration Opens
4:30 - Presentation Begins
5:15 - Audience Q & A
5:30 - Networking Reception
6:30 - Event Concludes