Rising currency tensions around the world will impact any portfolio with international equity exposure. The performance of the currency basket composing an international equity fund is just as significant as the alpha provided by global equity managers. And yet, investors are more likely to focus on the selection of the global equity managers than they are on determining a strategy to manage the currency exposure. This is particularly problematic as investors face the mounting challenge of currency devaluations resulting from central bank policy. The session will explore how Canadian investors can address the opportunities and risks of currency exposure in their portfolio.
Presenter: Luc de la Durantaye, CFA – Managing Director, Head of Asset Allocation and Currency Management at CIBC Asset Management
Mr. de la Durantaye leads more than twenty portfolio managers, analysts, and traders responsible for strategic and tactical asset allocation, currency management, absolute return strategies, and index management. He is also an active member of the firm’s Investment Committee.
A native of Montreal, Mr. de la Durantaye holds a Bachelors in International Finance from École des Hautes Etudes Commerciales (HEC Montreal) and is also a CFA charterholder.
Date: Thursday, December 11, 2014
Place: Rideau Club, 99 Bank Street, 15th floor
Time: 11:45 Registration
12:00 Lunch starts
Registration deadline is Friday December 5, 2014.
Dress: Business dress (jacket and tie required).
Note: This presentation is eligible for 1 credit hour for CFA Professional Development (PD) qualified activity.
Paul Baron, CFA Wesley Blight, CFA
CFA President Program Chair