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Valuations in a Risk-Free World

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This event has been designed to alert and educate attendees about the possibility of valuation bubbles across equities, fixed income, real estate and other asset classes such as cryptocurrencies as it pertains to low interest rates and extensive money printing by the leading global central banks since 2009. As the Federal Reserve is in the process of reversing this steady state of benign financing terms for most market participants the speakers will lay out their views on how valuations may react when the proverbial tide goes out. We have drawn senior speakers from prestigious firms with a strong back-ground in analyzing market distortions and successfully allocation capital and making prudent investing decisions in the past. The speakers come from both the buy side (GMO, Sprott Asset Mgmt USA, Alliance Bernstein) as well as the sell side (Credit Suisse, Pelham Smithers).

Learning Outcome Statement

Learn how to analyze valuation distortions both on an asset class level and stock level.

  1. Learn how in the past similar market environments unfolded and resolved
  2. Learn how the glass can be half full for some and half empty for others in looking at current market valuations

Date

Monday, September 25, 2017
8:00 am – 1:05 pm

Location

CFA Society New York
1540 Broadway Suite 1010
New York, NY

Fees

Members $25

Nonmembers $65

8:00 a.m. – 8:30 a.m. REGISTRATION & CONTINENTAL BREAKFAST

8:30 a.m. – 8:35 a.m. WELCOME COMMENTS

Michael Oliver Weinberg, CFA, Chief Investment Officer at Protégé Partners

8:40 a.m. – 9:20 a.m. PRESENTATION

Catherine LeGraw, CFA, Portfolio Strategist at GMO

9:30 a.m. – 10:20 a.m. FIRESIDE CHAT

Pelham Smithers, Managing Director at Pelham Smithers Associates

Whitney George, Portfolio Manager at Sprott Asset Management USA

Moderated by Michael Oliver Weinberg, CFA, Chief Investment Officer at Protégé Partners

10:20 a.m. – 10:40 a.m. NETWORKING BREAK

10:40 a.m. – 11:20 a.m. PRESENTATION

Jill Carey Hall, CFA, Vice President and US Equity Strategist, BofA Merrill Lynch Global Research

11:20 a.m. – 11:30 a.m. NETWORKING BREAK

11:30 a.m. – 12:10 p.m. PRESENTATION

VADIM ZLOTNIKOV, Chief Market Strategist, AllianceBernstein

12:15 p.m. – 1:00 p.m. LUNCHEON PRESENTATION

JAMES KELLY, Director of Gabelli Center for Global Security at Fordham University

1:00 p.m. – 1:05 p.m. CLOSING COMMENTS

Elliot Trexler, President & Chief Investment Officer at Global Return Asset Management, LLC

Organizers

MICHAEL OLIVER WEINBERG, CFA

MATHIAS STROHFELDT, CFA

ELLIOT TREXLER

Date

Monday, September 25th
8:00 am – 1:05 pm

Location

CFA Society New York Conference Center
1540 Broadway
Suite 1010

Fees

Members $25
Nonmembers $65

$10 surcharge for walk-ins

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Speakers

Catherine LeGraw, CFA, Portfolio Strategist, GMO
Lori Calvasina, Managing Director and Chief US Equity Strategist, Credit Suisse
Pelham Smithers, Managing Director, Pelham Smithers Associates
W. Whitney George, Portfolio Manager, Sprott Focus Trust
Vadim Zlotnikov, Chief Market Strategist; Co-Head—Multi-Asset Solutions; Chief Investment Officer—Systematic and Index Strategies
James Russell Kelly, Director, Gabelli Center for Global Security Analysis & Senior Lecturer in Finance, Fordham University
Jill Carey Hall, CFA, Vice President and US Equity Strategist, BofA Merrill Lynch Global Research

MICHAEL OLIVER WEINBERG, CFA

MATHIAS STROHFELDT, CFA

ELLIOT TREXLER

Sponsor

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CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

The CFA Society New York, Inc. (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. CFANY is not responsible for any investment decision made by you.

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Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

Legal Notice and Disclaimer

CFA Society New York (including its employees and agents) assumes no responsibility for presenters or consequences resulting from the use of information or content of such information presented, including (but not limited to) errors or omissions, the accuracy or reasonableness of factual or scientific assumptions, studies or conclusions, the defamatory nature of statements, ownership of copyright or other intellectual property rights, and the violation of property, privacy, or personal rights of others. The CFA Society New York is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on such information. No guarantees or warranties, including (but not limited to) any express or implied warranties of merchantability or fitness for a particular use or purpose, are made by CFA Society New York with respect to such information. CFA Society New York does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeliness, or correct sequencing of such information. All presentations represent the opinions of the presenters and do not represent the position or the opinion of CFA Society New York or its members. Reference by the presenters to any specific commercial product, process or service by trade name, trademark, service mark, manufacturer, and corporation or otherwise does not constitute or imply endorsement, recommendation, or favoring by CFA Society New York.

CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to cfanyevents@cfany.org.

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CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.