Upcoming Events

Suburban Luncheon: The Great Misperception: Looking Beyond the Traditional EM Debt Universe

Emerging markets debt (EMD) has long languished under a cloud of skepticism and disappointment. Complexities and unique risks embedded in the asset class tend to intimidate investors, while limitations of the widely followed EMD benchmarks perpetuate myths of volatility, unpredictability, and fragility. Many investors who have approached the asset class through the lens of the benchmark have had unpleasant experiences marked by disappointing performance, stomach-churning volatility, and diversification illusion. Investing in EMD does not have to be so unpleasant. By understanding EMD’s embedded uncertainties, investors may be able to achieve a more favorable outcome. With an embedded trading team, we identify and invest in countries outside the scope of the benchmarks, creating the broadest investment universe possible. We remain aware of the embedded risks in the asset class and seek to hedge developed market risks while focusing on less efficient segments of the market where we perceive there are greater opportunities for alpha generation. Our presenter is Michael Cirami, CFA. Michael is a managing director of Artisan Partners and a portfolio manager on the EMsights Capital Group. In this role, he is a portfolio manager for the Artisan Emerging Markets Debt Opportunities, Global Unconstrained and Emerging Markets Local Opportunities Strategies. Prior to joining Artisan Partners in September 2021, Mr. Cirami served as Eaton Vance’s codirector of emerging markets and the coordinating portfolio manager on the emerging markets team. Before that, Mr. Cirami worked at State Street Bank in Boston, Luxembourg and Munich, and at BT&T Asset Management in Zurich. Mr. Cirami earned a bachelor’s degree (cum laude) from Mary Washington College and a master’s degree in business administration with honors from the William E. Simon School at the University of Rochester. He also studied at WHU Otto Beisheim School of Management in Koblenz, Germany. REGISTER HERE

What are Private Equity Secondaries?

What are Private Equity Secondaries and why is now a unique time to consider the asset class? With Private Equity growing from $1.4 Trillion to over $4 trillion in the past decade, investors are now seeing the opportunity in Private Equity Secondaries with over $67 billion flowing into the asset class in the first six months of 2024. Join Peter Grape, Managing Director from Lexington Partners , the firm that conducted one of the first Secondary transactions over 30 years ago, to learn about the asset class and the current market for Private Equity Secondaries.   Peter Grape is a Managing Director of Lexington Partners primarily engaged in the evaluation of secondary purchases of private equity and alternative investments. Prior to joining Lexington in 2013, Mr. Grape was an associate in private equity at AlpInvest Partners and prior to that he was an analyst in corporate banking at Citigroup. Mr. Grape graduated from Duke University with a BS in economics and a BA in history.

Special Event: Philadelphia Union Soccer Outing

Doop Doop Doop! Join your fellow CFAP members on the pitch as the Philadelphia Union host MLS Cup Champions LA Galaxy at the beautiful Subaru Park.  Registration includes a seat at the game, as well as food and beverages on the Party Deck of the stadium. Members are encouraged to bring family and friends to the event. Members can bring up to three guests to the match. You can sign them up when you register. Registration: CFAP Members: $50.00 Emerging Leaders Group Members: $25.00 REGISTER HERE

Annual Golf Outing

CFAP and Women in Investing Network (WIN) Philadelphia invite you to experience an afternoon of golf and socializing at White Manor , a beautiful private club in Chester County. You have the choice of participating in a nine-hole team scramble format with a 3 p.m. shotgun start. Or you can join a golf clinic to learn some foundational golf skills. You can choose your option when you register.   After golf, we will head to the White Manor clubhouse for appetizers, drinks, dinner and dessert.   Price includes range balls, golf with cart and 19th hole reception. Registration: $95.00 REGISTER HERE.