2016 Schedule

Monday, 7 November

Registration & Networking Breakfast

Chair’s Opening Comments

Jacco Heemskerk, CFA
CFA Society Netherlands

Welcome Address
Frederic P. Lebel, CFA
CFA Institute Board of Governors

Brexit Panel Discussion

Moderator: Liam Halligan
bne-Intellinews and Telegraph

Boris Bernstein, CFA
Deutsche Invest Equity Partners, goetzpartners

Kate Lander, CFA
Chief Learning Officer

Pieter van Putten, CFA
Cassia Capital BV

Transition Break

Opening Address: Capital Markets in the EU─Challenges and Issues
Steven Maijoor
European Securities and Markets Authority

Moderator: Josina Kamerling
Head of Regulatory Outreach, EMEA
CFA Institute

  • How can the Capital Markets Union project develop in the face of Brexit, one of the toughest challenges that the EU has faced?
  • Monitoring leverage and liquidity risk issues in the asset management sector, along with potential changes driven by shadow banking and fintech
  • Transparency in EU bond markets: What are the main implementation issues?
  • Upcoming MiFID II deadlines, and the challenges remaining for stakeholders and regulators working to meet them

Keynote Address: Redesigning Economics to Redesign the World
Professor Muhammad Yunus
Nobel Peace Laureate 2006 and Founder
Grameen Bank

Networking Refreshments

Wealth Management: Spending Rules Designed for Lifetime Security and Enjoyment
Barton Waring
Former Chief Investment Officer
Barclays Global Investors

  • Use annuity payout rates as spending guide each period—a “virtual” annuity
  • Portfolio risk and return relates to spending risk and return
  • Unlike common “percentage of assets” spending rules, prevents the possibility of ruin

Networking Lunch

The Case for Liquid Alternative Investments
Nelson J. Lacey, CFA
Director of Examinations
CAIA Association

Moderator: David Gonzalvo, CFA
Chief Investment Officer
TRIPLE A Investment Advisors

  • The evolution of liquid alternatives as an asset class
  • The performance of liquid alternatives
  • Future challenges to the development and delivery of liquid alternatives

Alternative Approach Track


Setting a Strategic Investment Policy: Best Practices for Board Members
Mark-Jan Boes
Head of Investment Strategy and Research
ABN AMRO Pension Fund

Moderator: Christian Nana, CFA
Senior Advisor
AIIM – Africa Infrastructure Investment Managers

  • A board of trustees’ alternative approach to decision-making within a pension fund
  • The strategic investment policy as a tool to achieve long-term goals
  • Translating asset/liability management into an understandable process

Long-Term Approach Track

Reverse Stress Testing for Risk Awareness and Hedging
Barry Schachter
Partner and Chief Risk Officer
Light Sky Macro LP

Moderator: Rani Piputri, CFA
Senior Portfolio Manager
Saemor Capital

  • Why reverse stress testing is information additive
  • Identifying scenarios that exploit the tradeoff between likelihood and severity
  • Risk reduction using reverse stress testing

Technical Approach Track

Transition Break

Personal Development: Practical Strategies for Achieving and Sustaining Peak Performance
Steve Ward
Performance Coach to Traders, Fund Managers and Markets Frontline Performers

Moderator: Anne-Katrin Scherer, CFA
Presidents Council Representative, EMEA West
CFA Institute

  • Stress and pressure: Practical tools for developing resilience
  • Feeling well, performing well: The physiological platform, and why well-being matters
  • Enhancing mental and emotional capacity: The latest neuroscience research on emotions and performance

Alternative Approach Track

Why Robo-Advisors Will Save the Investment Industry
Randy Cass, CFA
Founder and CEO
Nest Wealth

Moderator: Josina Kamerling
Head of Regulatory Outreach, EMEA
CFA Institute

  • The reality of robo-advisors and what they really do
  • 3 things you need to know about how the financial industry thinks about technology
  • Resistance is futile, but the future is different than you think

Technical Approach Track

Megatrends and Long-Term Alpha
Léa Dunand-Chatellet
Head of Equities

Moderator: Matteo Lombardo, CFA
Portfolio Manager
K Capital Group

  • Identifying companies that successfully address the challenges of socio-demographic, socio-economic, and technological megatrends
  • Using Environmental, Social and Governance (ESG) analysis to define investment opportunities
  • Combining traditional financial analysis with ESG measures to identify sources of sustainable, long-term returns

Long-Term Approach Track

Networking Refreshments


Final Keynote: The Future of the Investment Profession (via live link)
Virginie Maisonneuve, CFA
Founder and Managing Director
Maisonneuve Global Advisors

  • Challenges and opportunities that investment professionals must meet in the coming decades
  • Ongoing shifts in client demand, market environments, and industry dynamics
  • Developing a framework where investors and asset managers can apply innovation, agility, ethics, and resilience

Departures and Canal Boat Tour

Evening Social Event
Fifteen Restaurant
Jollemanhof 9
1019 GW Amsterdam


Friday, 27 November

Registration & Networking Breakfast

Chair’s Opening Comments
Jacco Heemskerk, CFA
CFA Society Netherlands

Opening Keynote: Do Good, Diversify Risks, and Make Money by Revisiting Finance
Sony Kapoor
Managing Director

  • Addressing secular stagnation concerns through financial sector reforms and better allocation of capital
  • Changing focus to combat inflated asset prices and identify the developing world’s economic opportunities and diversification potential
  • Gaining a better understanding of non-OECD countries and an increased capacity for financial intermediation to boost the global economy

Networking Refreshments


Leveraging Fund Flows and Positioning Data in the Investment Process
Adam Longenecker
Director of Quantitative Research
EPFR Global

Moderator: Rani Piputri, CFA
Senior Portfolio Manager
Saemor Capital

  • Filtering out noise and analyzing buyers and sellers: local vs. foreign, active vs. passive, and retail vs. institutional
  • Applying fund flows and positioning data as a discretionary input into the investment process
  • Practical applications for systematic (country, sector, asset class) allocation strategies and stock-level strategies

Technical Approach

Generating Returns in a Low Interest Rate World
Antti Ilmanen
AQR Capital Management

Moderator: Christian Gattiker, CFA
Head of Research
Bank Julius Baer & Co. Ltd

  • Earn nothing, or buy rich assets? A menu of investment answers to address low expected returns, including harvesting factor/style premia
  • The robust performance of market-neutral style premia across macro environments — even constrained investors can apply long-only style tilts in equity and bond markets
  • A cautious view of contrarian market timing and factor timing strategies, given concerns about rich asset classes and crowded factors

Long-Term Approach Track

Is China Slipping Toward a Japanese Sinkhole?
Freya Beamish
Senior Economist
Lombard Street Research

Moderator: Alida Carcano, CFA
Partner and CEO
Valeur Investments

  • The dangers of continuing debt spirals
  • How zombie firms are preventing successful rebalancing
  • Why China’s economy needs a lower RMB, and will likely get it
  • Could Abenomics derail, throwing a spanner in the works?

Alternative Approach Track

Networking Refreshments

Fintech: Embracing a New Era for Client Service
David M. Brear
Co-founder and CEO

Final Keynote: Unorchestrated Orchestrator: The Economics of Good and Evil
Tomas Sedlacek
Chief Macroeconomic Strategist

  • Is economics becoming an arbiter of values, “the most ecumenical global religion”?
  • What are the social risks to societies that view economic problems through overly mathematical and analytic lenses?
  • Could economic discourse dismantle European integration?

Closing Comments
Gary Baker, CFA
Managing Director, Europe, Middle East, and Africa
CFA Institute

Networking Lunch