Building the portfolio most likely to achieve your financial goals requires getting two things correct: identify the right assets, and implement that asset allocation in the right way. For many investors, implementing an asset allocation strategy involves hiring professional managers, either through a separate account or a fund, to build and maintain the various asset class portfolios. Most asset managers are familiar with the attributes that make an investment attractive: high earnings growth potential, strong returns and cheap valuation. The process of manager selection, however, is often misunderstood.
Like science, manager selection should be formal, structured and repeatable to create comparative data points across institutions and asset managers. Like art, the selection process must also ensure that objective findings are integrated in a creative way.
Join us for an afternoon presentation at Philadelphia Country Club, featuring experts in the area of investment manager due diligence and selection. The event will have two consecutive discussions: one panel focused on the "art" of traditional manager selection, the other concentrating on the modern quantitative and technical aspects of the process.
We are pleased to announce the following panelists:
Tom Chapin, CFA
Chief Investment Officer
Mill Creek Capital
Tom serves as the Chief Investment Officer at Mill Creek Capital Adv
isors, LLC, and is a Principal of the firm. Tom chairs the firm's Investment Committee. Before joining MCCA in 2006, Tom was with The Vanguard Group, where he held a number of senior positions over a 21 year career. At Vanguard, Tom's most recent responsibilities included oversight of firm-wide investment risks and on-going reviews of external sub-advisors and their investment compliance programs.
Previously, Tom ran Vanguard's $10 billion Stable Value Fixed Income Group and managed several of that unit's institutional commingled and separate account products. Tom led a unit that provided asset allocation services and advice to endowments and foundations. Tom joined Vanguard as assistant to the founder and then Chairman John C. Bogle. Tom graduated from Dartmouth College and earned his MBA from that institution's Amos Tuck School, where he was a Tuck Scholar. Tom is currently a Trustee and manages the investments for the Bennett Family Foundation and is on the Board of Directors of the Public Interest Law Center of Philadelphia. Tom is a Chartered Financial Analyst Charterholder.
Director of Institutional Partnerships
Paul is a Director of Institutional Partnerships for CFA
Institute, the leading global association of investment professionals. Responsible for design and implementation of Employer Partnerships and Executive Education, including CFA-Harvard Business School's Investment Management Workshop, he is passionate about wider adoption of CFA Institute standards as well as distribution and use of educational resources for the investment management profession.
Frequent speaker on the topical industry issues, Paul has been featured in video interviews available on the RIAChannel, Real Vision TV and AdvisorAnalyst. His conference speaking engagements include events by Pensions&Investments, InsideETFs, Exchange Traded Forum and CFA New York. Paul also started Csuite Talks series for CFA Institute's Enterprising Investor online publication with over 15 interviews of printed interviews of leading CIOs, Asset Owners and prominent academics from Harvard, Yale, Sorbonne and New York University.
Prior to joining CFA Institute, Paul led the Sales/Business Development for North American Financial Institutions for Australasia's premier bank, Westpac. In addition to his buy-side experience as Investments Director for a family office, Paul worked for and Deutsche, Société Générale and ANZ Bank.
Daniel W. Newhall
Principal, Portfolio Review Department
Mr. Newhall is a principal in Vanguard Portfolio Review Department. H
e leads a team of analysts responsible for investment manager oversight, search, and selection. The team also provides fund and manager analysis and recommendations to Vanguard Portfolio Review Group, of which Mr. Newhall is a member, and to the board of directors.
Before joining Vanguard, Mr. Newhall was the director of marketing and client service for Robert E. Torray & Co. and an institutional investment consultant for Cambridge Associates.
Mr. Newhall is a CFA charterholder and a member of CFA Society Philadelphia. He earned a B.A. from Williams College and an M.B.A. from the University of Virginia Darden School of Business.
Senior Vice President, Head of Quantitative Equity
Macquarie Investment Management, Americas
Dr. Sharon Hill heads the firm's equity quantitative
research team in the Americas. Dr. Hill joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in 2000 as a senior programmer/analyst within the IT department, and then moved to the equity group as a quantitative analyst in 2002 before assuming her current position in 2004. Before joining the firm, she worked as a professor of mathematics at Rowan University and as a software developer for Bloomberg, where she focused on fixed income applications.
Thomas Quinn, CFA
Thomas Quinn joined FIS Group in March 2017 and is the Senior Vice President, Director of Investment Strategy,
bringing with him over 16 years of investment experience. Mr. Quinn leads the Investment Strategy Group, which produces the quantitative modeling that is critical to portfolio construction for FIS Group's manager of managers' strategies and is also responsible for enhancements to the firm's investment process. Prior to joining FIS Group, Mr. Quinn was Chief Investment and Research Officer at Jefferson National, providing unique investment strategies and solutions to Investment advisors. Mr. Quinn earned his Master's Degree of Economics at Temple University and his Bachelor's Degree at Ursinus College with honors.
Jeffrey Raupp, CFA
Chief Investment Officer
Mr. Raupp serves as the CIO of Brinker Capital, with portfolio management responsibilities for the Destinations
program. He also serves as chair of Brinker Capital's asset allocation committee. Mr. Raupp joined Brinker Capital in 1996 as an operations manager and has been a portfolio manager for the Destinations program since 2001. Prior to joining Brinker Capital, Mr. Raupp was an electronic engineer and project manager for a small electronics firm. He also served as an officer in the United States Army. Mr. Raupp has a B.S. in Mechanical Engineering from the University of Delaware and a MBA in Finance from Villanova University.
Additional panelists will be added.
The panels will be followed by a cocktail reception with hors d'oeuvres and open bar.
CFAP Members: $50.00