CFA Society Luxembourg

A Member of the CFA Institute Global Network of Societies

  Rethinking Emerging markets



 

 

Emerging markets (EM) are part of our daily investing reality, but all are not created equal. There are more than 70 investable countries in this universe, with credit ratings from CCC to AAA and per capita incomes between $1000 and $50,000. How should investors approach this increasingly heterogeneous and complex mix of countries? Are indexes useful or do they mislead and constrain investor returns? What countries and regions offer the best potential returns, and what countries and regions carry the largest risks, in today's challenging market environment?
With a specific focus on Emerging Market Debt (EMD), this 90 minutes learning session will explore new methodologies and practical strategies to integrate such exposure into global portfolios. 

Program

15:30 – 16:00      Registration & Welcome

16:00 – 17:30      Presentations with discussion and Q&A

Peter Marber will introduce a new way to think about EM, highlighting flaws in current definitions, indices, and EMD products built around such flaws. 
Onursal Kilic will share his point of view from the asset owner side, among others, the importance and relevance of having EMD in a global multi-assets portfolio. 
Kaan Nazli, CFA will take the audience through the active approach of EMD investing, including the available opportunities and the constraints to be considered.

17:30 – 18:30      Drinks

Speakers

Peter Marber, Head, Emerging Markets Investments, Loomis, Sayles & Co.

Peter Marber joined Loomis Sayles in 2013 from HSBC Global Asset Management, where he was chief business strategist for their emerging markets group.  Previously, he was president of emerging markets subsidiaries at Dresdner Kleinwort.  He was also founding partner, senior portfolio manager and chief investment strategist for The Atlantic Funds, LLC, which was acquired by HSBC in 2005.  Mr. Marber has been a faculty member at Columbia University since 1993, and has also taught at Johns Hopkins University and Universidad Francisco Marroquin.  Peter has authored three books, most recently, Seeing the Elephant: Understanding Globalization from Trunk to Tail, published in February 2009.
Mr. Marber studied at the Universite Paris Sorbonne - Paris IV, and earned a BA from Johns Hopkins Univesrity and an MIA from Columbia University.

  

Onursal Kilic, Lead Portfolio Manager EMD, MN

Onursal Kilic has been managing Emerging Market Debt funds at MN Services since 2008. In his current capacity as the Lead Portfolio Manager, he is responsible for the team managing the hard and local currency EMD portfolios of the pension fund clients.  He previously worked for ABN Amro Asset Management in Amsterdam as a Portfolio Manager managing the financials portfolio of Eastern Europe Fund and Global Emerging Markets Fund.  Before that he worked at TEB NV in Amsterdam as a Senior Dealer and was responsible for managing the trading book and investment book of the bank as well as managing discretionary funds of private banking clientele.  Before that he worked for ABN Amro Asset Management in Istanbul as a fund manager responsible for managing mutual funds with equity and fixed income asset mix.  Prior to these posts, he has worked in prominent asset management houses and banks in Turkey specializing in fund management, sell side research and fixed income trading.

Onursal Kilic has received Bachelor of Science degree in Mechanical Engineering at Bosphorus University in Istanbul in 1993 and he has received Master of Business Administration degree specializing in Finance at the University of Texas at Austin in 1996.

 

H. Kaan Nazli, CFA, CAIA, Senior Vice President, Neuberger Berman
 
Kaan Nazli is Senior Economist for Emerging Markets Debt at Neuberger Berman, where he leads macroeconomic and ESG research on emerging markets, with a particular focus on the CEEMEA region. Kaan has previous positions in ING Investment Management and Medley Global Advisors, where he was responsible for macro research and sovereign debt credit views.  Before that, he worked as a research analyst for Eurasia Group where he advised financial institutions on east central Europe. He played a key role in establishing the Lehman Brothers Eurasia Group Stability Index (LEGSI), a comparative political and economic stability index designed to measure stability in more than 20 emerging markets.  Kaan received a Bachelor's degree in International Affairs from the University of Ankara, Turkey and earned a Master's Degree in Political Economy from New York University. He holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.

 

 We hope to see you there!

This will be a small, learning and dialogue focussed event.  Secure your seat NOW.

To learn more about this event or other events of CFA Society Netherlands please visit www.cfanetherlands.nl/events.

 

 

 

 ‭(Hidden)‬ Global Financial Market Thought Leader Summit 2014



 

 

Global Financial Market Thought Leader Summit 2014
US policies and their impact on global markets

Date and location:
Wednesday 12th March 
The Grand Hotel Karel V, Utrecht

Agenda:
14.00 h registration
14.30 h start program
17.30 h drinks reception
19.00 h end of program

Speakers:

  • Andrew Friedman, Principal, The Washington Update and Consultant to the Eaton Vance on Washington program
  • Vital Proulx, CFA, President & Chief Investment Officer, Hexavest, a strategic partner of Eaton Vance
  • Philippe Waechter, Chief Economist, Natixis Asset Management
  • James Rickards, author Currency Wars: The Making of the Next Global Crisis

CFA Society Netherlands cordially invites you to our event The Global Financial Market Thought Leader Summit 2014 - US policies and their impact on global markets. This half-day conference will bring you up to date on the ever-changing investment landscape in the United States, in addition to providing valuable market insights into how the rest of the global economy will fare in 2014.

The US has weathered many storms of late, meteorologically but especially economically. Seemingly poised for higher growth, the expansive Fed monetary policies of the recent past may soon be poised to end, or at least to ”taper off“. The anticipation of this “tapering“ by the Fed has unleashed market reactions globally these past months. This has been felt especially acutely in the emerging markets, where the respective economic booms of certain countries have slowed and their currencies have lost in value relative to the dollar. Of course the end of quantitative easing in the US also has ramifications for Europe and the Euro. Finally, China and Japan are facing their own economic challenges in 2014. Many experts warn that the „forward guidance“ of major central banks, including the Fed and the ECB, have set up the financial markets for more insecurity instead of less in the coming months.

Setting the stage and addressing these very current market issues is our impressive line-up of highly recognized and knowledgeable speakers; Andy Friedman, renowned US political affairs expert, Vital Proulx, CFA, President and CIO Hexavest, Philippe Waechter, Chief Economist  Natixis Asset Management and James Rickards, best-selling Author of „The Currency Wars“, Portfolio Manager and US political insider.

This event offers a rare opportunity to listen to leading thought leaders from the US and Europe discuss the current US situation and its impact on global financial markets. Don’t miss this high-level gathering of experts, who will cover both policy and economic issues and answer your questions in-person during this conference.

Kindly supported by

 

Fees:
€25 for CFA (Affiliate) Members
€50 for CFA Candidates or partners (VBA, CAIA, AIF, RSM, UvA, TU, DSF)
€75 all others

Register

More information.

To learn more about this event or other events of CFA Society Netherlands please visit www.cfanetherlands.nl/events.