CFA Society France

Retail Investors in Private Markets: Opportunity or Asymmetric Value Sharing?

We are pleased to invite you to a discussion on an increasingly relevant question in today’s investment landscape: what role, if any, should private markets play for retail investors? As regulators and the industry explore broader access, views remain diverse. Supporters point to potential benefits such as broader diversification, access to long term value creation and exposure to economic themes traditionally reserved for institutional investors. Others encourage a measured approach, noting considerations around illiquidity, reporting practices, fee structures and the risk of asymmetrical value sharing between investors and managers. Our four panelists, including LPs, practitioners and academics, will share complementary perspectives to help you assess the practical implications of this trend. We will cover: Opportunities and limits of opening private markets to retail investors Insights from institutional investors Liquidity, transparency and investor protection The capacity of current market structures to support retail participation • Oversight, governance and alignment of interests We hope you can join us for a balanced and informative conversation, and we look forward to welcoming you.

Macroeconomics Conference 2026

Dear Members, CFA Society France is pleased to invite you to our exceptional start-of-year event: the Macroeconomics Conference. Join us alongside our distinguished experts: Raphaël Gallardo, Carmignac Paul Jackson, Invesco Florian Ielpo, Lombard Odier IM Patrick Artus, Ossiam Together, we will explore the key risks and opportunities shaping today’s global political, geopolitical, and macroeconomic environment. During this conference, we will address a broad range of topics, including: Geopolitical risks, with Emerging tensions between China, Taiwan, and Japan, or ongoing conflicts and imperfect resolution efforts, such as the war between Ukraine and Russia    Political risks, such as those currently unfolding in France and their repercussions across Europe, Japan’s new governance dynamics, and the U.S. midterm elections.   Risks of potential asset bubbles bursting, and central bank actions in a context of potentially rising market volatility.   Asset allocation scenarios, presented by each asset management firm across major asset classes. To make this conference as dynamic and relevant as possible, please feel free to share the topics or questions you would like our panelists to address. This event will be held in French but questions in English will be more than welcome. The event will be followed by a networking cocktail. We look forward to welcoming you to this insightful and engaging session.