Portfolio & Risk Management, Seminar

High Yield Bond Master Class & 27th Annual High Yield Bond Conference

June 20, 2017 - June 22, 2017

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High Yield Bond Master Class & 27th Annual High Yield Bond Conference

High Yield Bond Master Class:

Wednesday, June 21 2017 8:30 am – 3:45 pm

High Yield Bond Conference:

Thursday, June 22 2017 8:30 am – 4:30 pm

Location

CFANY Conference Center 1540 Broadway Suite 1010 (45th Street Entrance) New York, NY 10036

Pricing

MASTER CLASS

Member $75 | Nonmember $195

CONFERENCE

Member $165 | Nonmember $395

***BUNDLE***

Member $195 | Nonmember $450

Register: Annual Conference
Register: Master Class
Bundle Registration

High Yield Bond Master Class

This program focuses on the basic building blocks of high yield investment. Leading practitioners will describe state-of-the-art practice in high yield credit analysis and portfolio management techniques. Another focus will be high yield’s distinctive market structure and trading environment. The Master Class will benefit existing and aspiring high yield practitioners, providers of services to high yield managers, and institutional asset allocators and investment advisors who seek to understand the role that high yield bonds can play in their portfolios.

27th Annual High Yield Bond Conference

CFANY’s longest-running conference brings attendees up to the minute on the market outlook and key innovations. Leading market participants will address the challenge of rising interest rates and the reduced liquidity brought about by new regulations. Expert presenters will discuss current developments in the new issue market and leveraged loans. One session will highlight new research findings that can aid in understanding and forecasting the high yield market’s performance. This program is recommended for credit analysts, fixed income portfolio managers, institutional investors and financial advisors who allocate to the high yield asset class, and providers of services to money managers.

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC
Michael F. Brown, Global Head of Research, Advantage Data Inc.
Bill Hoffmann, Managing Director
Saish Setty, Senior Covenant Analyst, Reorg Research
CHRISTOPHER W. KAMYKOWSKI, CFA, Principal, Research at Summit Strategies
ELIZABETH JOURDAN, CFA, Deputy Chief Investment Officer, Mercy Health System
John Patin, Chief Investment Officer, Allied World
Anders Maxwell, Partner and Managing Director, Peter J. Solomon Company
Diane Vazza, Global Head of Fixed Income Research, S&P Global
Joel Litman, CPA, President and CEO, Valens Research
Ashish Shah, Chief Investment Officer and Head of Fixed Income, AllianceBernstein
DAVID SHERMAN, Founder and Managing Principal, Cohanzick Management
Meredith Coffey, Executive Vice President, Loan Syndications and Trading Association (LSTA)
Vincent Pisano, Senior Analyst, Xtract Research
James Wallick, Covenant Analyst, Xtract Research
Jack Tracy, Head of Legal Analysis for the Americas, Debtwire
David D. Tawil, President, Maglan Capital
Jacquelyn Gillette, Assistant Professor of Accounting, MIT Sloan School of Management
David Keisman, Senior Vice President, Moody’s Investors Service
Adam Bernard, Managing Director in Leveraged Finance Capital Markets, Bank of America Merrill Lynch

Agenda

MASTER CLASS – June 21, 2017

8:30     Check-In


9:00     Welcome

MARTIN FRIDSON, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC


9:05     How to Monitor the High Yield Market

MICHAEL F. BROWN, Global Head of Research, Advantage Data Inc.


9:50     Understanding Default Rates, Spreads, and Returns

MARTIN FRIDSON, CFA, Lehmann Livian Fridson Advisors LLC


10:45   Coffee break/Networking


11:15   High Yield Credit Analysis Case Study

BILL HOFFMANN, Managing Director


12:15   Overview of Bond Covenants

Saish Setty, Director of Reorg Covenants, Reorg Research


1:15     Lunch


1:45     High Yield Manager Selection and Evaluation

Christopher W. Kamykowski, CFA, Principal, Research at Summit Strategies

Elizabeth Jourdan, CFA, Deputy Chief Investment Officer, Mercy Health System

John Patin, Chief Investment Officer, Allied World


2:45     The Bankruptcy Process and Workouts

ANDERS MAXWELL, Partner and Managing Director, Peter J Solomon Company


3:45     Conclusion

CONFERENCE – June 22, 2017

8:30     Check-In


9:00     Welcome

MARTIN FRIDSON, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC


9:05     Market Outlook

Diane Vazza, Global Head of Fixed Income Research, S&P Global


9:50     How UAFRS (Uniform Adjusted Financial Reporting Standards) Analytics Upend Traditional Corporate Credit Analysis

Joel Litman, CPA, President and CEO, Valens Research


10:45   Coffee Break/Networking


11:15   New Issue Market

Adam Bernard, Managing Director in Leveraged Finance Capital Markets, Bank of America Merrill Lynch


11:45   New Research Findings

MARTIN FRIDSON, CFA, Lehmann Livian Fridson Advisors LLC

Jacquelyn Gillette, Assistant Professor of Accounting, MIT Sloan School of Management

David Keisman, Senior Vice President, Moody’s Investors Service


1:00     Lunch


1:30     Buy-Side Panel

Ashish Shah, Chief Investment Officer and Head of Fixed Income, AllianceBernstein

David D. Tawil, President, Maglan Capital LP

David Sherman, Founder and Managing Principal, Cohanzick Management


2:30     Leveraged Loans

Meredith Coffey, Executive Vice President, Loan Syndications and Trading Association (LSTA)


3:15     Coffee Break/Networking


3:30     Covenants and Distress

Vincent Pisano, Senior Analyst, Xtract Research

James Wallick, Covenant Analyst, Xtract Research

Jack Tracy, Head of Legal Analysis for the Americas, Debtwire


4:30     Conclusion

CFANY expects all attendees to comply with CFANY’s Code of Conduct while attending CFANY events or meetings. CFANY expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFANY 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. You should not make any financial, investment, trading or other decision based upon any of the information presented at CFANY without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at CFANY is at your own risk. There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. CFANY does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any CFANY presentation may not be suitable for investors depending on their specific investment objectives and financial condition.

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.

More

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.