CFA Society VBA Netherlands and Invesco collaberate to bring you:
Consequences for asset allocation?
Increasing market volatility and expected higher divergence between asset class returns will obviously have a fundamental impact on asset allocation decisions going forward. We have therefore asked two leading asset allocation specialists to discuss the increasing volatility in the market and the consequences for the various asset classes during these two breakfast sessions.
Central subject: are we going from Risk On to Risk Off?
The breakfast session will start with the presentation of the outcome of an extensive asset allocation poll conducted by Alpha Research. Based on more than 50 asset allocation reports, the consensus view on asset allocation visions will be presented.
Subsequent to the Asset Allocation Poll, Invesco and Constance Everson of Capital Markets Outlook Group will present their view focusing on the impact of central bank policies, political risks and fundamental economic drivers.
After the asset allocation poll and the two presentations, a short debate will take place, during which the conversation will primarily center around deviations from the consensus vision and the fundamental reasoning behind these deviations.
08:15 Registration and coffee
08:30 Opening and Asset Allocation Survey results, Eelco Ubbels
08:45 Constance Everson, Capital Markets Outlook Group
09:15 Bernard Aybran, Invesco
10:00 End of program
Constance Everson, CFA is Managing Director of Capital Markets Outlook Group (CMOG) in Boston. With institutional clients in 8 countries, the firm specializes in macro economic analysis. Since their establishment in 1992 CMOG have successfully predicted the start & end of all economic, equity and bond market cycles. Constance is a past-president of the Boston Economic Club, and serves on the investment committee of Mass PRIM, the $71 billion pension fund for public employees in Massachusetts. She is a graduate of Harvard Business School, and spent 10 years at The Boston Company, from which she and her colleagues acquired her firm. She is also a director of the Weredale Foundation in her native Montreal.
Bernard Aybran, CIO Multi Management and Deputy CEO Invesco Asset Management S.A.
Bernard Aybran is deputy CEO for Invesco Asset Management SA and CIO for multi-manager portfolios and funds of funds at Invesco. He joined Invesco in July 2008. Mr Aybran previously launched a multi management subsidiary for Edmond de Rothschild in France, both for private wealth management and institutional clients. Up until 2000, he was with Société Générale Asset Management, where he helped setting up a multimanager funds range. He started his career in 1994 with Europerformance, as head of studies and databases. Mr Aybran holds a post-graduate degree in Finance & Banking from Dauphine University in Paris, France.