Pre-Event Workshops | Wednesday, 20 February 2019

Workshop A: Harvard Vs Yale and Endowment Style Investing

Timings: 9:00 – 12:30
This workshop will focus on endowment style investing and will be based on real-life case studies used by the Harvard Business School/CFA Investment Management Workshop Program. The case studies being used are the Harvard Management Company which focusses on long-term alpha generation and the other is Clare College which focusses on the long-term risk and return of holding equities. The workshop will address the following questions:
  • How do institutions gain long-term edges in investing?
  • What kinds of institutions have the biggest advantages?
  • Why have Harvard and Yale invested differently? Which approach is better?
  • Should quantitative strategies feature more prominently in endowment portfolios?
  • How risky is it to own equities over long time horizons? Should institutions make irrevocable multi-decade commitments to owning equities?
  • What are reasonable long-term risk and return goals as seen from today?
  • Endowments and foundations usually seek to earn at least a 5% real return. Will that be easy to achieve for moderate risk over the next ten years?
  • What about the capital market environment is unique today? What are the downside risks? Could we have another crisis as bad as in the GFC of 2008?
  • What is the best way to invest looking forward from today?

Facilitated by:
Professor Andre Perold, George Gund Professor of Finance & Banking, Emeritus, Harvard Business School and Founder, Managing Partner & Chief Investment Officer, HighVista Strategies Jesse Barnes, Managing Partner & Portfolio Manager, HighVista Strategies

Workshop B: The Rise of Artificial Intelligence in Asset Management: What to Expect, What to Fear

Timings: 9:00 – 12:30
The 21st Century has witnessed a rapid evolution of artificial intelligence and quantitative techniques in all industries; particularly finance. This presents both immense hope and a procession of accompanying dangers.
This workshop will present a birds-eye view of:
  • New developments in data science
  • The base principles behind machine learning and neutral networks and how they are used in the asset management industry
  • The challenges of risk management
  • Approaches for manager selection and the question of distinguishing skill from luck

Facilitated by:
Professor Raphael Douady, Robert Frey Endowed Chair for Quantitative Finance, Stony Brook University, and Fellow, Economic Centre of Sorbonne



Abu Dhabi Global Market – PLATINUM SPONSOR at MENA Investment Congress


FactSet – DINNER SPONSOR at MENA Investment Congress
CFA Society Emirates - Organizer | MENA Invest Congress


CFA Society Emirates is the local United Arab Emirates (U.A.E.) member society of CFA Institute, which is the preeminent global association of professionals in the field of investment analysis. CFA Institute administers the globally recognized Chartered Financial Analyst® Program. The local society, founded in 2002, was created to serve the growing requirements of investment professionals in U.A.E. for support, continuing education programs and networking opportunities. Our society seeks to fulfil the CFA Institute mission at the local level: to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.
© CFA Society Emirates. All Rights Reserved.