Join us for a Social Hour (cash bar) and Dinner at the Oak Hills Country Club on Wednesday, February 24, 2010, to hear Andrew Lo, Chair and Chief Investment Strategist, AlphaSimplex Group, LLC discuss "Adaptive Markets and the New Investment Paradigm."
This is a CE credit event
Members CFASSA: No Charge
All Others: $55 (includes dinner)
The recent financial crisis has called into question every major tenet of modern investment theory and practice, from long-only passive investing to "stocks for the long run" to diversification and portfolio optimization. If markets are driven mainly by fear and greed, are systematic investment principles too much to hope for? In this presentation, Dr. Lo will present a different perspective in which behavioral and rational market dynamics can co-exist. By using evolutionary principals to explain investor behavior, Dr. Lo will show that the existing models and methods of modern finance are not wrong, but merely incomplete. In the new investment paradigm, alphas routinely morph into myriad types of betas, more powerful indexes and passive investment strategies are made possible by technological innovations, and the risk/reward trade-off is not a static relation but can vary greatly across time and market conditions.