CFA Society Pittsburgh

A Member of the CFA Institute Global Network of Societies

Foxes, Hedgehogs, and Hedge Funds: Manager Selection In An Age of Convergence

In order to succeed in complex markets, it’s essential to adapt to shifting circumstances. At the same time, we must able to execute and communicate a disciplined, repeatable investment process. There is a natural but overlooked tension between adaptation and discipline in the field of investments which has enormous implications for both buyers and sellers of financial products. Through the lenses of psychology, economics, history, and the arts, we explore the parameters of this tension and offer effective ways to either manage or sell complex investment strategies.



Speaker Brian Portnoy at the Duquesne Club

Speaker: Brian Portnoy, Ph.D., CFA - Vice President, Virtus Investment Partners

Bio: Brian Portnoy, Ph.D., CFA, has been successfully investing, researching, and educating on hedge funds and mutual funds for the past fourteen years. He is currently the Director of Investment Education at Virtus Investment Partners. In that role, Brian writes and speaks about all things investing, including decision making, risk management, investor psychology, and manager due diligence. Previously, he held senior investment and strategy roles at Chicago Equity Partners, a $10 billion asset manager; Mesirow Advanced Strategies, a premier global fund-of-hedge-funds; and at Morningstar, the world's top research shop on mutual funds. He has spoken at investing conferences across the U.S., Europe, and Asia, and has appeared frequently in major media outlets such as CNBC, the Wall Street Journal, and the New York Times. Brian has lectured on hedge funds at U.S. Securities and Exchange Commission as part of their "Leading Authors" series. Prior to his investing career, Brian pursued his research and teaching interests in political economy and markets at the University of Chicago, where he earned his Ph.D. in 2000. Brian is a CFA Charterholder and a member of the CFA Society of Chicago. He is also a member of the Economic Club of Chicago. Brian lives on the north side of Chicago with his wife and three children.