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Wilmington Luncheon:  Revenge of the Third World - Time to Double Down on Developing Markets 

Event Description

Wednesday May 22
12:00 PM - 1:30 PM
 
Hotel du Pont 
42 West 11th Street
Wilmington, Delaware  
   
Henry Kissinger once said that we are "at the end of an era"... 
 
The end of the Cold War and reforms in China opened world markets to 1.5 billion people, many of them working at wages less than one tenth of those in the developed world. Over the past thirty years, globalization has become a reality, with interlocking supply chains delivering high quality products at low cost worldwide.
 
An unintended consequence of this has been the hollowing out of developed world economies and a rising cohort of angry voters in search of solutions. Now serious questions are being asked about globalization, free trade and flexible labor markets, while populism and protectionism are providing simple answers. 
 
Meanwhile, the third world is gaining strength - and presenting opportunities for investors.  We will look at the 
projections for 115 developed, emerging and frontier countries in terms of human capital, investment flows and government quality to gauge their outlook. Then we will project growth rates to 2050 to visualize where their per-capita GDP levels could be and consider valuations and market inefficiencies. 
 
We are pleased to host the following speaker for the event: 
 
Larry Speidell, CFA
Partner and Chief Investment Officer of Frontier Global Partners
 
Larry Speidell, CFA is CIO for Frontier Global Partners and sponsor of the Frontier Market Select Fund, which invests in frontier stock markets around the world. Frontier Global Partners was formed through the merger of HAV Capital and Frontier Market Asset Management, which Mr. Speidellfounded in 2006. He travels widely and has researched companies in many places, including Abu Dhabi, Argentina, Bangladesh, Botswana, Cote d'Ivoire, Dubai, Ghana, India, Iraq, Jordan, Kazakhstan, Kenya, Lebanon, Malawi, Mozambique, Pakistan, Palestine, Paraguay, Romania, Qatar, Senegal, Trinidad & Tobago, Tunisia, Ukraine, Uruguay, Uzbekistan, Vietnam, Zambia and Zimbabwe. Mr. Speidell is the author of the 2011 CFA Institute Research Foundation monograph, "Frontier Market Equity Investing: Finding the Winners of the Future."  
 
He serves on the board of CFA Society San Diego and is a past president of CFA Society Boston and a past director of the Investor Responsibility Research Center in Washington, D.C. Mr. Speidell earned a BE in Mechanical Engineering from Yale University and an MBA from Harvard University. He served as a submarine officer in the U.S. Navy.  
 
Registration:  
 
CFAP Members:  $25.00
Non-Members:  $40.00
 
Click here to register.  

Speaker

 

Event Type

Society

Education Topic

 

Start Time

5/22/2019 12:00 PM

End Time

5/22/2019 1:30 PM

Event City

Wilmington

Event State/Province

DE

Location Info

Hotel du Pont 
42 West 11th Street
Wilmington, Delaware  

CE Credits

N/A

Member Price

$25.00

Non-Member Price

$40.00

Candidate Price

N/A

Registration

Click here to register.  

All Day Event

 

Recurrence

 

Attachments

Content Type: MyCFA Calendar
Created at 4/1/2019 2:32 PM by pconners@cfaphil.org
Last modified at 4/1/2019 2:32 PM by pconners@cfaphil.org