Behavioral Finance and the Future of Active vs. Passive
Behavioral Finance layers the study of psychology on top of economic theory. Human nature and the psychology of investing cause individuals to make bad decisions. Understanding these behavioral biases will help you overcome these tendencies and become a better investor, and perhaps even exploit inefficiencies created in the market by others' irrational behavior. The program will also discuss the impact of passive investing on market efficiency. As more dollars are allocated into ETFs and passive investment strategies on market capitalization alone, without regard for fundamentals, the market is becoming less efficient.
Ryan Crane, CFA
Chief Investment Officer
Ryan Crane is the Chief Investment Officer of Stephens Investment Management Group
("SIMG"). He also serves as the Lead Portfolio Manager for SIMG's Small Cap Growth, Mid Cap Growth, Small-Mid Cap Core Growth and Small-Mid Cap Select Growth Strategies as well as two sub-advised mutual funds, the American Beacon Stephens Small Cap Growth Fund and the American Beacon Stephens Mid-Cap Growth Fund. Prior to joining SIMG in 2004, Ryan had been at AIM Capital Management since 1994, where he was a Senior Portfolio Manager for the AIM Small Cap Growth Fund and the team leader for the small/mid-cap growth complex. While at AIM, Ryan also served as a portfolio manager for various other small and mid cap growth funds. Prior to AIM, Ryan was an intern at the City of Houston Con-troller's Office, providing research on fixed in-come investment strategies. He held various po-sitions at GulfMark Offshore and at Energy Ventures (now Weatherford) prior to joining AIM Capital Management. Ryan received a Bachelor of Science degree with honors in eco-nomics from the University of Houston in 1994.
He is also an investment counselor for the student managed investment fund at the University of Houston’s Bauer School of Business. He holds the Chartered Financial Analyst designation and is Series 7, 9, 10, and 63 registered. Ryan is also an accom-plished track cyclist, having won multiple U.S. National and Pan-American champion-ships.