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Upcoming meetings

Meeting Schedule for QWAFAFEW-NYC in 2012- Location is Patrick Conways Public House, www.patrickconways.com at 40 E. 43rd Street

Please see www.quaffers.org for more detials/


Tuesday
May 8, 2012 Hedge Fund Replication, Michael Markov, Markov Processes International


Tuesday
May 22, 2012 Changing Nature of Financial Markets
Evan Schulman, Tykhe LLC; C. Michael Carty, New Millennium Associates

Tuesday June 26, 2012 Philip Bennett, Deutsche Asset Management & More

Tuesday July 24 2012 Mary Ann Bartels, BA Merrill Lynch

Tuesday August 28 2012 Daniel Satchkov, RiXTREMA LLC, Barry Schachter Woodbine Capital, Edward Matluck, HedgeMetrics (Invited)


Thursday September 27 2012 Ruchard Michaud, New Frontier Associagtes


Tuesday October 23 2012 To Be Announced

Tuesday November 13 2012 To Be Announced

Tuesday December 04, 2012 To Be Announced

We hope to see you there. interested in presenting? Please e-mail hblank@qwafafew.org.

NYC Steering Committee

QWAFAFEW-New York Steering Committee

  • C. Michael Carty, President
  • Herbert Blank, Chair
  • Stanley Levine
  • Ed Matluck
  • Jesse Noel
  • Merav Ozair
  • Lev Selector

 

If you wish to volunteer for our steering committee, please contact nyc@qwafafew.org

NYC Area Events of Interest

Upcoming NYC-AREA EVENTS OF INTEREST (other than QWAFAFEW)

PRMIA GLOBAL RISK CONFERENCE: An Inaugural Must-Attend 3-Day Event in NYC May 14-16;

Discount to QWAFAFEW'ers - Marriott Marquis.

LUMINARY SPEAKERS include David X. Li of CICC; Allan Malz of the New York Fed; Ben Golub of BlackRock; Henry Azzam of Deutsche Bank - and many more - If you are in Quantitative Risk, you cannot afford to miss this event!

This is the link to the Global Risk Conference:http://www.prmia.org/globalriskconference/

All QWAFAFEW members and newsletter subscribers will receive a 25% discount if they use the code below. Discount Code:GLO_EV_9HX2.

---

CQF EVENTS: There will be a free live informational session on Wednesday May 16 at 7city Learning on 55 Broad Street in Lower Manhattanan and a corresponding free webinar for the Americas time zones held on Tuesday evening May 15th and . Attendance is highly recommended for those pursuing a real-world career in quantitative trading, derivatives and risk management. Please go to www.cqf.com to register

--Fuzzy Day 2012 - Presented by the Society of Quantitative Analysts (SQA)

During the past decade financial markets witnessed significant dislocations in traditional pricing relationships. An emerging field of evolutionary finance attempts to reconcile observed market anomalies by applying Darwin's principle of natural selection to study trading behavior and asset price dynamics. This new perspective, with Adaptive Markets Hypothesis (AMH) at its core, views markets as a competitive and adaptive mechanism as investors learn from and adapt to the changing environment. Under AMH, this market selection mechanism transfers wealth to investors who are well adapted to the environment from investors who are less adapted. This half-day conference brings together leading experts in cognitive science, behavioral and computational finance to present thought-provoking empirical and experimental evidence of human (biased) learning and to discuss implications of learning and adaptation to investment management All-expert program includes Andrew Lo, Dean LeBaron, Nicholas Barberis and more. NYC venue is to be posted soon. Please visitwww.sqa-us.org for more information and registration.

Prior Events

Prior Meetings During 2012

Tuesday January 24, 2012- FIRST MEETING of 2012; Retirement Investing
Ron Ryan, Ryan ALM; Frederic Siboulet, iEpsilon

Tuesday February 28, 2012 ESG Night
Indrani De, New Amsterdam Partners; Andre Bertolotti, Quotient Investors

Tuesday; March 27, 2012 ETF Allocation & Index Research
Ted Theodore, Avatar Associates; Jennifer Bender, MSCI
Monday April 16, 2012 "My Life as an Empiricist - A Conversation with Sam Eisenstadt" =- moderated by Herb Blank
Tuesday April 24, 2012 ETF/ETP Night, "Managing Tail Risk" Matt Moran, CBOE - "Market Neutral ETFs" Kishore Karunakaran, QUant Shares

 

Prior QWAFAFEW-NYC meetings during 2010

December 8 2010 - "Equity Risk Models, Option Pricing Models, Expected Life Spans, and Sustainability" - Dan DiBartolomeo, Northfield Information Systems & "Components of Sustainability" - Gail Doolin, Thomson Reuters

November 17 2010 - "Running the Numbers on High Yield Bonds" - Martin Fridson of BNP Paribas & "Diversification, Optimization & Liquidity" - Max Golts of Bay Hill Capital

November 9, 2010 - "Chasing Bernie Madoff" - Harry Markopolos, Frank Casey, Michael Ocrant, and Erin Arvedlund

October 26, 2010 - Imputed Correlations & 2 Years After the Meltdown with Matthew Rothman of Barclays Capital & Don Alexander of RSD Solutions and NYU

September 28, 2010 - Risk Management Modeling

Boryana Racheva-Iotova, President -FinAnalytica, "Beyond Fat Tails: Reshaping Risk and Return - Modeling financial returns, derivatives pricing, and hedging in fat-tailed markets"

Steven Greiner, Director of Risk Management Research, FactSet, "Beta is not Sharpe Enough" - Tests of the G-Factor

August 24, 2010 - "Actionable Data"

Richard Brown, Global Business Manager for Machine Readable News - ThomsonReuters, "Incorporating News and Sentiment Analysis into Trading and Investment Strategies"

Robert Gay, Owner and Founder, GEARS (Global Equity Analytic & Research Services), "Evaluating ETFs for Investment Using Quantified Fundamentals“

July 20 - "Leadership Trends and ETP Suitability for Clients"

Mary Ann Bartels, MD-U.S. Technical and Market Analysis, B of A Merrill Lynch Global Research, “Leadership Trends: Where Do We Go From Here?”

Mike Carty, Principal and Founder, New Millennium Advisors, “Suitability of ETPs for Deployment in Taxable Client Accounts”

 

June 29, 2010 – “ETF Strategies"

Joanne M. Hill, PhD, Head of Investment Strategy, ProShares and ProFund Advisors, “Leveraged and Inverse ETFs: Trends, Strategies, and Return Dynamics”

Marvin Appel, PhD, President, Appel Asset Management, “Active Asset Allocation Strategies for ETFs”

William M. Funk, Esq., Law Office of William M. Funk, “What Taxable Investors Should Know About ETFs – A Brief Overview”

Presentations - 2010-06-29-qw-ny-Hill.pdf, also 2010-06-29-qw-ny-Appel.ppt

 

June 16, 2010 - "Data Cleanliness, Test Design, and Applied Data Analysis"

Marcus Bogue, Charter Oak Systems;

Ed Matluck, HedgeMetrics;

Dirk Renick, ThomsonReuters Starmine

Moderator: Bill Rafter, MathInvest

Thanks to Thomson Reuters for underwriting a portion of this event

 

May 25, 2010 – “Focus on Analysts’ Estimates”

Joseph Mezrich, Nomura Securities

Carson Boneck, SystematIQ

 

April 27, 2010 - “Index Trading Strategies”

Matt Moran, VP, Chicago Board Options Exchange - "Diversification And Risk Management Strategies In Times When Volatility And Correlations Hit Record Highs"

Presentation 2 - David Abner, VP-Institutional Sales, Wisdom Tree - “ETF & ETP Trading Strategies”

 

2010-03-23- Joint Meeting with PRMIA – “Quantitative Risk Management Research Night”

Presentation 1 - Bill Margrabe, President, William Margrabe Group -"He Fell Hard for a Beautiful Model, but Ended Up Jobless, Broke, Hurt, and Confused" - Failures and successes of financial risk models and those who use them, with applications to financial disasters of the last two decades.

Presentation 2 - Jennifer Bender – Vice President of Applied Research, MSCI BARRA –

"Optimization Analytics".

 

2010-02-23 “About Black Swans and Stress”

Presentation 1 – James P. O'Shaughnessy, O'Shaughnessy Asset Management - "The Same Old Bear" - about recent bear market.

Presentation 2 – Raphael Douady - Riskdata - "The StressVaR: a New Risk Concept for Superior Fund Allocation".

 

2010-01-26- “Kickoff Meeting for 2010”

New York Presentation 1 – Ron Ryan, Ryan ALM “What Happened in 2009 – What’s In Store for 2010?”

How did pension assets and liabilities perform? How realistic are plan actuarial assumptions now? Presentation 2 – Mark Sladkus, Red Light House Investment Management,

“The Importance of Asset Allocation in Achieving Investment Goals”

2012ApplicationNYC

MEMBERSHIP APPLICATION for calendar 2012
Date: __________
Last Name*: ____________________ First: ___________________ M or F ___
Organization (or Independent): ___________________________________________
Address: ______________________________ City: ________________ State: ____
Phone*: __________ e-mail address*: ____________________________________
Amount Enclosed ______________ ($100 for NYC; $75 for Transition Membership for those between positions; $50 for Student Membership).
___ Indicate if this is partial payment because portion of dues were pre-paid at a prior meeting.
Check or Cash? ________ (Please make checks payable to “QWAFAFEW”, No Plastic)
* - required field
Please note the membership is for this calendar-year only.
The name QWAFAFEW (pronounce “quaff-a-few”) is intended as a double entendre. The acronym is derived from Quantitative Work Alliance for Applied Finance Education and Wisdom. The organization provides a collegial forum to promote the sharing of analytical research pertinent to the investment industry. QWAFAFEW is a not-for-profit professional society.
Please mail checks to
Mr. C. Michael Carty, President
QWAFAFEW-NYC Metro
87-32 97th Street
Woodhaven, NY 11421
(718) 846-2125


More elegant Word version available in New York file section or by e-mailing hblank@qwafafew.org.

MemAppPrincetonNJandNYC

 

MEMBERSHIP APPLICATION for 2012 - QWAFAFEW Princeton

Date: __________

Last Name*: ____________________ First: ___________________ M or F ___

Organization (or Independent): ___________________________________________

Address: ______________________________ City: ________________ State: ____

Phone*: __________ e-mail address*: ____________________________________

 

Amount Enclosed ______________ ($50 for QWAFAFEW-Princeton).

___ Indicate if this is partial payment because portion of dues were pre-paid at a prior meeting.

Check or Cash? ________ (Please make checks payable to “QWAFAFEW”, No Plastic)

* - required field

Please note the membership is for this calendar-year only.

The name QWAFAFEW (pronounce “quaff-a-few”) is intended as a double entendre. The acronym is derived from Quantitative Work Alliance for Applied Finance Education and Wisdom. The organization provides a collegial forum to promote the sharing of analytical research pertinent to the investment industry. QWAFAFEW is a not-for-profit professional society.

Please mail checks to

Mr. C. Michael Carty, President

QWAFAFEW-NYC Metro

87-32 97th Street

Woodhaven, NY 11421

(718) 846-2125

About QWAFAFEW-NYC

This is the about page for the New York Chapter...

Contact data:

Email: NYC@qwafafew.org

Chapter Administrator: mhand@qwafafew.org - Moira Hand

President: cmcarty1@earthlink.net - Michael Carty NYC Chapter Co-Founder- 718-846-2125

Program Chair: herbert.blank@rapidratings.com - Herb Blank - 917-992-7852 - NYC QWAFAFEW Chapter Founder & Steering Committee Chair


NYC meetings are usually held on Tuesdays on 43rd Street in Manhattan near Grand Central Station at Patrick Conway's Pub & Restaurant (downstairs), 40 E 43rd St (between Madison & Vanderbilt), NY, NY 10017 – ½-block from Grand Central Station).

To receive email notifications direct to your inbox, please visit www.quaffers.org, fill in info form on top right-hand side of page, receive confirmation e-mail, and click on link inside that e-mail.

Time: 5:30 PM – 8:15 PM.

Admission - all are welcome. Please RSVP.
Fees:
$30 for Paid-Up Members of QWAFAFEW-NYC;
$40 for members of CAIA, CQA, PRMIA, SQA, GARP or any CFAs, unemployed students and/or members of this Linked-In group;
$50 for all other RSVPs.

To RSVP: Email nyc@qwafafew.org and put date of event you wish to attend in Subject Line. In text body, please provide the names, phone numbers, organizations (if any), emails, and membership status for each attendee.

Membership: You need not be a member to attend but there are benefits. Membership is on a calendar-year basis. NYC dues for 2010 are only $90. Join at the door and attend that meeting for free. If you wish to join by mail, please send check (ONLY) made to QWAFAFEW to Herb Blank, Rapid Ratings International, 86 Chambers Street, Suite 701, NY, NY 10007

Attending Regular Meetings

Current SF Chapter Meeting Venue: L'Olivier French Restaurant

Use  acteva link on the meeting announcement page to register for the meeting or to purchase annual membership.  QWAFAFEW members who have already paid their 2010 dues do not need to register.

Membership & InquiriesAnnual membership fee is a $60. Members will enjoy free attendance at meetings. One time registration is $20 and covers refreshments. To be added/removed to the SF QWAFAFEW mailing list please send email to mailinglist.sf@qwafafew.orgFor general inquiries, please send email to sanfrancisco@qwafafew.org

San Francisco QWAFAFEW Steering Committee
Jim Quinn, Quantal International - SF chapter chairman

Members (Alphabetical Order):

Anna Coppola, Flagship Global, Inc.

Ralph Goldsticker, Mellon Capital

ManagementJohn Lederle, Bank of the West

Rosy Macedo, Thomas J Watson Fellowship Program

Robert Maxim, Duff & Phelps

Irene Rusman, Oracle

Seth Stafford, Oracle

Tjisana Lewis, Intel

Walt French, Nuveen Investments


Positions of Interest


To submit a job or a job-related posting, please e-mail hblank@qwafafew.org

Date Posted: November 9, 2011

Oganization posting job: Cambridge Associates

Job Title: Research Consultant, Quantitative Resources

Job Location: Boston, MA

The Research Consultant is a member of a team responsible for the development of quantitative tools that help the consulting staff analyze and frame investment issues. In addition to developing the tools, the team supports the consulting staff as they determine how to interpret and explain the outputs to clients. When appropriate, the team also helps the consulting staff adapt tools to a given client’s situation. In addition to developing and supporting these tools, the team is responsible for defining standard quantitative methodologies.

IF INTERESTED, please contact Lisa Martin at lmartin@cambridgeassociates.com or 617-457-1719. Do NOT contact QWAFAFEW-NYC.

Job Responsibilities

· Participate in all aspects of research project work, which include defining the scope of projects, sourcing possible solutions, evaluating options (cost/benefit/risk), design and construction of models.

· Support the consulting staff by providing training on quantitative tools as well as responding to inquiries ranging from interpreting and applying tools to designing custom analyses.

· Take on specific project responsibilities in supporting other groups when their projects require quantitative expertise.

· Contribute to project oversight and group management.

Key Characteristics and Qualifications:

· Bachelor degree(s) with a concentration in either Mathematics or Applied Mathematics is required (or other quantitative degree). Graduate degree strongly preferred.

· 1-3 years appropriate experience in investments. In the absence of relevant work experience, demonstrated interest in capital markets is strongly preferred (e.g. graduate course work).

· Experience with Microsoft Excel and familiarity with computer programming (Visual Basic and Matlab) is strongly preferred.

· Intellectually curious; open-minded; creative and pro-active thinker.

· Effective completing tasks both independently and in a team environment.

Strong oral and written communication skills.

Steering Commitee

Chicago QWAFAFEW Steering Committee (in Alphabetical Order):

Mr. Sanjay Arya, Morningstar, sanjay.arya@morningstar.com

Mr. Adam Cohen, Zacks Investment Research, Inc., adamc@zacks.com

Dr. Barry Feldman, Russell Investments, bfeldman@russell.com

Mr. Matthew Moran, Chicago Board Options Exchange

Chicago QWAFAFEW Steering Committee Members – Emeritus:

Ms. Melanie Angers, mangers@chicagobooth.edu

Mr. David Barone, Collins Stewart, Inc.

Dr. Keith Black, CAIA Association, kblack@caia.org

Dr. Michele Gambera, UBS Global Asset Management (Americas) Inc.

Dr. Peter Jankovskis, OakBrook Investments

Mr. David O’Brochta, Goldman Sachs

Mr. Ranga Nathan, InvestMatrix Inc., RNathan@InvestMatrix.com 

Mr. Richard Seefeldt, Meritage Capital, L.P.

Ms. Hilary Till, Premia Capital Management, LLC, and Co-editor, Intelligent Commodity Investing, info@premiacap.com

Ms. Melissa Van Hees, Concordia Advisors, LLC

Steercom

Herbert Blank; John Brunjes; Robert Buzdon; Chirag Dave, Jason Gingerich; Krista Kennedy; Kevin Manley; James Q. Rice, Antonino.Rossisito; To volunteer for the steering committee, please email hartford@qwafafew.org

ABOUT QWAFAFEW [pronounced quaff-a-few], the Quantitative Alliance for Applied Finance Economics & Wisdom, is an informal professional association with chapters in various cities throughout the globe since 1990.  A typical QWAFAFEW meeting includes topics of discussion on quantitatively oriented investment industry issues along with the opportunity to network, relax, and enjoy libations. Please visit new users’ groupsite www.quaffers.org and official organization site www.qwafafew.org to learn more about the organization, its resources, and the events held by our many chapters. Our dress code, rules of “etiquette” and everything else are strictly casual.
Please see the QWAFAFEW-Hartford home page at www.qwafafew-hartford.com.

 

For announcements for all chapters, past announcements, past presentations, and the latest changes and additions to event notices, please visit www.quaffers.org and www.qwafafew.org.
QWAFAFEW Investment Society linked-in Discussion page.  The URL is http://www.linkedin.com/e/gis/59644/530E700BF98A

Buffet Lunch & Networking Included

Join the Hartford CFA Society for a fall mini-conference with four speakers, luncheon, and social hour

Thursday September 29 2011, 11:30 AM - 5:30 PM

at the Hartford Club at 46 Prospect Street in Hartford CT -

Agenda:
Joseph Taylor, Senior Macro Fixed Income Strategist - Loomis, Sayles, "Global Fixed Income - Risks & Opportunities" (Overblown) F/I Fears, Currency Wars, Euro Debt Crisis.
 
James Donald, CFA, Senior Vice President - Lazard Asset Management Topic: "The Evolution of the Emerging Markets, from Tactical to Strategic Allocation"; 20 years of changes, Segmenting by capitalization, style, Value, Opportunities & Risks
 
James Allen, CFA, Head of Capital Markets Policy - CFA Institute, Topic: "Regulatory Update - Dodd-Frank: One Year Later"
 
Salvatore J. Bruno, Chief Investment Officer - IndexIQ Topic: "Democratizing Alternatives: Real-World Hedge Fund Replication"
Additional speakers to be announced.
 
There will be a buffet luncheon before the speakers and a Social Hour afterwards. For full details, please visit:

Intra-day Alphas in the Algorithmic Trade Execution of Portfolios,

 

Next Boston QWAFAFEW Meeting: Tuesday, 21 June 2011

Time: 6:15 PM sharpe
3rd Floor of the Tennis & Racquet Club, 939 Boylston Street

RSVP to Hugh@QWAFAFEW.org

 


 

 

A QWAFAFEW discussion led by:

 

Thorsten Schmidt

 

Intra-day Alphas in the Algorithmic Trade Execution of Portfolios

 

Abstract


Traditionally, designers of agency algorithms have predominantly been focused on the sourcing of liquidity, minimization of market impact & execution volatility risk, achievement of price benchmarks, spread and rebate capture.


The heightened awareness of high frequency trading strategies and their profitability, increased sophistication of agency algorithms and an ongoing desire to reduce trading costs has given rise to an increased consideration of intra-day alphas in execution algorithms. These include both generic alphas that can be “harvested” by anyone as well as alphas implicit in the investment portfolio being transacted.


This presentation will provide specific examples of these intra-day alphas and demonstrate how they can be utilized to reduce transaction costs in the context of algorithmic trade executions.
 

 

 

Bio

 

Thorsten Schmidt is managing director of Thor Advisors LLC, a consultancy he founded to develop quantitative trading strategies and strategic approaches that help institutions reduce their trade execution costs . Thorsten’s experience spans 10 years of various roles in algorithmic and electronic trading at the Island ECN and Instinet Corporation, as well as in proprietary trading at HAP Capital/PFTC Trading.

Thorsten holds a BA in economics from Columbia University and is a CFA charter holder.

 

Fine Print 

Guest fee for attendance is $30. Members attend at no charge. If you are not yet a member or have not paid your dues lately, you may pay your annual dues of $150 (your membership year starts on the day you pay). We will be raising annual dues soon, and turning over record-keeping to a professional service, so it would behoove you to pay now in order to delay your own dues increase! You may bring cash or check for either amount ($150 or $30) made out to "QWAFAFEW" and give it to our Treasurer, Hugh Crowther. Please let us know if you intend to come to the meeting. Walk-ins are always welcome; still, we greatly appreciate all RSVPs so that we can have adequate food and drink on hand. 


 

Steerage Committee  

Max Arai

Hugh Crowther (Treasurer)

Dan diBartolomeo

Mark Kritzman

John Minahan

Donna Cool Murphy (Dinners)

John Nagorniak

Sebastien Page

Dan Potter

Dan Rie

Pasha Roberts

Evan Schulman

Jarrod Wilcox

Michael Wilcox 

 

The members of the Steerage Committee are responsible for coordinating the program content.

Program suggestions from members are always welcome..

We are in the process of formalizing our Program selection process, so that programs will be known further in advance.

 

RSVP to: Hugh@QWAFAFEW.org

Upcoming Webinars

Pre- Recorded All-Day Webinar from PRMIA

ERM Symposium Seminar 2 – Designing and Implementing ICAAP and ORSA: Challenges and Practices

Join our recorded full-day seminar or select the topics that interest you directly addressing challenges faced by banks and insurance companies in building a robust Internal Capital Adequacy Assessment Process (ICAAP) and Own Risk and d Solvency Assessment (ORSA). The ICAAP and ORSA are integral parts of the Enterprise Risk Management system of every bank, insurance, and reinsurance undertaking. Industry practitioners and supervisors will provide insightful guidance that can help companies set internal capital targets and develop strategies for achieving those targets that are consistent with their business plans, risk profiles, and operating environments. The Seminar covers topics such as:

· ICAAP and ORSA Frameworks · Supervisory expectations on design and implementation · Effective governance and senior management oversight · Sound capital assessment, planning and allocation · Comprehensive assessment of risks · Rigorous enterprise wide stress testing · Effective capital management · Independent end-to-end validation · Effective internal control and audit reviews

Moderator:
Alexander Shipilov, TD Bank Group
Faculty:
Stuart Wason, Office of the Superintendent of Financial Institutions Canada
Alan Peng, Office of the Superintendent of Financial Institutions Canada
Bogie Ozdemir, Sun Life Financial
Anand Borawake, TD Bank Group
Dan Rodriguez, Credit Suisse
Julia Ross, Bank of Montreal
Leon Bloom, Deloitte & Touche LLP
Rodanthy Tzani, Federal Reserve Bank of New York

For more, please visit http://www.prmia.org/events/view_events.php?eventID=4463


Tuesday August 16th Complimentary Webinar

INDEXUniverse Alpha/Beta Series: International Fixed Income

Easy access to the international fixed-income markets has given domestic investors new options for diversification. However, the complexities of global bonds – changes in currency exposure, credit quality and lack of transparency – require an understanding of the nuances, a watchful eye, and constant monitoring.

Join Rick Harper, Director of Fixed Income and Currency, WisdomTree Asset Management, for a discussion of the global fixed income markets and Matt Hogan, Global Head of Editorial and President of ETF Analytics at IndexUniverse, for a review of the ETFs that cover these markets.

Topics to be addressed include:

The case for global bonds Special risks in international fixed income markets Accessing international fixed income via ETFs

Matt Hougan; President of ETF Analytics & Global Head of Editorial; IndexUniverse

Rick Harper; Director of Fixed Income and Currency; WisdomTree Asset Management

Title: Alpha/Beta Series: International Fixed-Income
Date: Tuesday, August 16
Time: 2 p.m. New York, 11 a.m. San Francisco, 7 p.m. London
Duration: 60 minutes

Space is limited.
Reserve your webinar seat now at:
http://www.indexuniverse.com/webinars/upcoming-live-webinars.html

Futuremeetings

Monday November 8, 2010

Actionable Data:  Collecting, Refining, Scrubbing and Testing

Speakers:
Marcus Bogue, Charter Oak SYstems'

Richard Brown, Thomson Reuters Machine-Readable News Division

Kevin Means, Alpha Equity LLC

Moderator TBA

3 presentations followed by a panel discussion.

Please save the date in your calendar.  Bios to be added soon. 

QP Steering Committee

Herb Blank; Brian Fullerton; Susan Hume; Bill Rafter

Prior Events

Thursday December 9, 2010 - Minimum Variance Portfolios; Ruben Falk, Capital IQ; Discussants: Susan Hume, TCNJ; Bill Rafter, Mathinvest - at the Nassau Club

 

Quantitative Equity Strategies and Signals - Wednesday, October 6, 2010

5:15 PM – 7:45 PM in Princeton, NJ;  Speakers:   Joseph Mezrich, Managing Director and Head of Quantitative Strategies, Nomura Securities International; Dave Allen, Director of Buy-Side Sales, First Coverage; Moderator: Herb Blank, Rapid Ratings International   

May 12, 2010

QWAFAFEW Princeton, NJ - click here for full details: 2010-05-12-nj.doc
Topic: Data Mining: The Good, the Bad, and the Ugly
Panelists:
Kushal Kshirsagar, Ph.D., Markov Proc.
William Rafter, Mathematical investment Decisions
Richard Suttmeier, ValuEngine
Moderator: Herbert Blank, Rapid Ratings International
5:15 PM – 7:45 PM at Nassau Club, 6 Mercer Street, Princeton, NJ
Thanks to ValuEngine for underwriting a portion of this event


Wednesday February 24, 2010

QWAFAFEW Princeton, NJ - Nassau Club, 6 Mercer Street

Topic - ETFs
- Intro to the ETF Marketplace and Introductions – J. Prestbo
- “ETF Research Challenges” - D. McDonald
- “Behind ETF Fixed Income Indexes” – N. Wardley
- “ETF Trading Strategies” – D. Abner
Thanks to ValuEngine for underwriting a portion of this event


October 20, 2009 in Princeton NJ at the Nassau Club - 6 Mercer Street

"Algorithmic Trading: New Directions and Measuring Efficacy"
Moderator: Brooke Allen, Head of Quantitative Trading Group, Maple Securities USA.
Panelists:
- William Adiletta, President, TekFinancial Solutions
- Robert Golan, Information Rules Architect, DB Mind Technologies
- James Wong, Manager- Algorithmic Analytics, ITG

Thanks to William Adiletta and TekFinancial Solutions for sponsoring this meeting

Past Chicago QWAFAFEW Meetings (2005 - 2007)

*********************************************************
2007 CHICAGO QWAFAFEW MEETINGS
*********************************************************

December 6, 2007

“The Sixth Annual Chicago QWAFAFEW Holiday Party:  Featuring a Panel Discussion on the Money Management Industry”

PANELISTS:

HEDGE FUNDS:  Mr. Keith Black, Associate, Ennis Knupp + Associates

Click here for Mr. Black's Presentation

JOB MARKET:  Ms. Kathleen Graham, Principal, HQ Search, Inc.

MUTUAL FUNDS:  Mr. John Rekenthaler, Vice President, Research and New Product Development, Morningstar, Inc.

COMMODITIES:  Ms. Hilary Till, Principal, Premia Capital Management, LLC, and Research Associate, EDHEC Risk and Asset Management Research Centre

Click here for Ms. Till's Presentation

 

November 15, 2007

“Innovations in Commodity Futures Trading”

PANELISTS:

Mr. George Dowd, Director, Fimat USA

Dr. Paul Kaplan, Vice President, Quantitative Research, Morningstar

 Click here for Dr. Kaplan's Presentation

Ms. Hilary Till, Principal, Premia Capital Management, LLC and Co-editor, Intelligent Commodity Investing

Click here for Ms. Till's Presentation

 

September 27, 2007

“Portfolio Management and the Volatility of Volatility Indexes”

Click here for presentations from this event

PANELISTS:

Mr. Keith H. Black, CFA, Ennis Knupp + Associates

Ms. Kelly Haughton, Strategic Director, Russell Indexes

Mr. Paul Kepes, Managing Director, Chicago Trading Company (CTC)

Mr. David E. Kuenzi, Head of Risk Management and Quantitative Research, Glenwood Capital Investments, LLC

Mr. Dominic Salvino, Group One Trading

 

June 14, 2007

“New Developments in Exchange-listed Derivatives: Volatility, Credit, Portfolio Margining, and ETNs”

Click here for a summary of this event

PANELISTS:

Mr. Douglas J. Engmann, Senior EVP and Managing Director of Equities, FIMAT USA

Click here for Mr. Engmann’s Presentation

Mr. Philippe El-Asmar, Managing Director, Barclays Capital

Mr. Ben Londergan, Co-CEO of Group One Trading

Click here for Mr. Londergan’s Presentation

Dr. Izzy Nelken, President of Super Computer Consulting

Click here for Dr. Nelken’s Presentation

 

April 19, 2007

“PENSION FUND RISK MANAGEMENT”

PANELISTS:

Mr. Aaron Meder, Head of Asset-Liability Investment Solutions, Americas, UBS

Click here for Mr. Meder's Presentation

Mr. Eric Friedman, Consultant, Watson Wyatt

Click here for Mr. Friedman's Presentation

 

April 5, 2007

“A PANEL DISCUSSION WITH THE CHICAGO AUTHORS OF INTELLIGENT COMMODITY INVESTING

PANELISTS:

Mr. Rian Akey, Vice President and COO, Cole Partners

Click here for Mr. Akey's Presentation

Mr. Thomas Idzorek, CFA, Vice President, Director of Research and Product Development, Ibbotson Associates

Ms. Hilary Till, Principal, Premia Capital Management, LLC and Co-editor, Intelligent Commodity Investing

Click here for Ms Till's Presentation

 

February 22, 2007

“CORPORATE GOVERNANCE AND FINANCIAL ETHICS”

SPEAKERS:

Mr. Timur Gök, Instructor of Finance, Northern Illinois University and Regional Co-Director of the Chicago chapter of Professional Risk Managers' International Association (PRMIA)

Click here for Mr. Gök’s Presentation

Mr. John Boatright, Professor of Business Ethics, Graduate School of Business at Loyola University Chicago

Click here for Mr. Boatright's Presentation

 

January 30, 2007

“INNOVATIVE FACTORS IN EQUITY MODELING”

SPEAKERS:

Mr. Carson Boneck, Senior Quantitative Analyst;

and Mr. Jason Hans, Senior Quantitative Analyst, Quantitative Services Group (QSG)

Click here for Mr. Boneck’s and Mr. Hans’ Presentation

Mr. Rawley Thomas, President, LifeCycle Returns, Inc.

Click here for Mr. Thomas' Presentation

 

*********************************************************
2006 CHICAGO QWAFAFEW MEETINGS
*********************************************************

December 7, 2006

“The Fifth Annual Chicago QWAFAFEW Holiday Party: Featuring a Panel Discussion on the Money Management Industry”

SPEAKERS:

Mr. Jim Bianco, President, Bianco Research

Click here for Mr. Bianco’s Presentation

Mr. Woo Cha, Vice President, Credit and Event Group, Mesirow Advanced Strategies

Ms. Kathleen Graham, Principal, HQ Search, Inc.

Mr. Gregg Wolper, Senior Analyst, Morningstar

 

October 12, 2006

“Valuing Intangibles in the Financial Markets”

SPEAKERS:

Mr. Keith Cardoza, President, Ocean Tomo Asset Management

Topic:  "Valuing Patents"

Click here for Mr. Cardoza’s Presentation

Mr. Richard Luss, Senior Research Associate, Watson Wyatt

Topic:  "Valuing Human Capital"

 

September 28, 2006

“International Investing”

SPEAKERS:

Dr. Stefano Cavaglia, Managing Director and Head of Global Quantitative Strategies, UBS O'Connor LLC, Chicago

Topic: "Global Style Investing"

Dr. Michele Gambera, Senior Research Consultant and Chief Economist, Ibbotson Associates, Chicago

Topic:  "How Much Country Bias Do You Need?"

 

June 15, 2006

“New Research Into Indexing, Benchmarking and Performance Measurement”

SPEAKERS:

Mr. Keith Black, Assistant Professor of Investments,

Stuart Graduate School of Business at the Illinois Institute of Technology

Click here for Mr. Black’s Presentation

Dr. Paul Kaplan, Vice President of Quantitative Research, Morningstar

Click here for Dr. Kaplan’s Presentation

Mr. Ron Surz, President, PPCA, Inc.

Click here for Mr. Surz’ Presentation

 

May 31, 2006

“New Developments in Natural Resources Investing”

SPEAKERS:

Mr. John FitzGibbon, Investment Analyst, Lighthouse Partners, LLC

Mr. Robert Ray, Senior Vice President of Business Development, Chicago Board of Trade

click here for Mr. Ray’s presentation

Mr. Michael Songer, President, Spectrum Asset Management, LLC

click here for Mr. Songer's presentation

Mr. Jon Stein, Chief Strategic Officer and Co-CIO, AlphaMetrix Investment Advisors, LLC

click here for Mr. Stein’s presentation

Ms. Hilary Till, Principal, Premia Capital Management, LLC and Co-editor, Intelligent Commodity Investing

click here for Ms. Till’s presentation

click here for Ms. Till’s article

 

March 23, 2006

“Competition Among Exchanges and What it Means to Chicago and the Financial Industry”

SPEAKERS:

EQUITY EXCHANGES:  Mr. Mike Cormack, Executive Vice President, NYSE Group

OPTIONS EXCHANGES:  Mr. Richard DuFour, Executive Vice President of CBOE

EXCHANGE COMPETITION:  Dr. Michael Gorham, Director of the Illinois Institute of Technology Center for Financial Markets, Stuart School of Business

click here for Dr. Gorham's presentation

FUTURES EXCHANGES:  Mr. Russ Rausch, EVP Global Support and CIO of Trading Technologies

click here for Mr. Rausch's presentation

 

*********************************************************
2005 CHICAGO QWAFAFEW MEETINGS
*********************************************************

December 1, 2005

“A Panel Discussion on the Money Management Industry”

PANELISTS:

MUTUAL FUNDS:  Mr. Chris Davis, Fund Analyst for Morningstar

click here for Mr. Davis' presentation

JOB MARKET:  Ms. Kathy Graham, Principal of HQ Search, Inc.

click here for Ms. Graham's presentation

COMMODITIES:  Mr. David Hightower, President of The Hightower Report

click here for Mr. Hightower's presentation

FUND OF FUNDS and CREDIT DERIVATIVES:  Mr. David Kuenzi, Head of Risk Management and Quantitative Research at Glenwood Capital Investments, LLC

click here for Mr. Kuenzi's presentation

FIXED INCOME:  Ms. Melissa Van Hees, Director of Risk Management for BRI Partners LLC

click here for Ms. Van Hees' presentation

 

October 20, 2005

“Finding Alpha in Equity and Fixed Income Markets”

SPEAKERS:

Dr. Patrick Caragata, Managing Director and CEO of Rapid Ratings

click here for Dr. Caragata's presentation

Ms. Karla Atas, Director of Quantitative Research for Starmine

click here for Ms. Atas’ presentation

 

September 29, 2005

“Investing in Commodities via Fund-of-Funds, Indices, and/or Single Managers
Plus Traits of Successful Traders”

PANELISTS:

Mr. Rian Akey, Vice President & COO of Cole Partners

click here for Mr. Akey’s presentation

Mr. Steve Allen, Managing Member, Preservation Capital

click here for Mr. Allen’s presentation

Mr. Alan Konn, Principal, Uhlmann Price Securities, LLC

click here for Mr. Konn’s presentation

Ms. Cari Lynn, Author of

"Leg the Spread:  A Woman's Adventures Inside the Trillion-Dollar Boy's Club of Commodities Trading"

click here for information on Ms. Lynn’s presentation

Moderator:  Ms. Hilary Till, Principal, Premia Capital Management, LLC

click here for information on Ms. Till’s presentation

click here for Ms. Till’s article

 

July 14, 2005

“The Future of Social Security: The Impact on U.S. Markets and the Economy”

Co-sponsor: University of Chicago Graduate School of Business Alumni Global Finance Roundtable (Chicago)

PANELISTS:

Mr. Mark J., Warshawsky, Assistant Secretary for Economic Policy, U.S. Department of the Treasury;

Dr. Robert Z. Aliber, Woodrow Wilson International Center for Scholars (Fellow, September 2004 - May 2005) and Professor of International Economics and Finance (retired), Graduate School of Business, University of Chicago; and

Dr. Randall Kroszner, Professor of Economics, Graduate School of Business, University of Chicago.

Introductions: Mr. Richard Seefeldt, BRI Partners LLC.

 

Tuesday, June 21, 2005

"Opportunities in New Exotic Financial Instruments – Closed-end Funds, Hedge Funds and Structured Products"

Co-Sponsor: Structured Products Association

PANELISTS:

Mr. Keith A. Styrcula, Chairman of the Structured Products Association, and VP, JP Morgan Chase Equity Derivatives

Mr. John Larkin, Managing Director, HFR (Hedge Fund Research) Asset Management
Mr. Paul C. Williams, Managing Director, Nuveen Investments
Recap of the event - link
Picture from the event - link 
(Left to Right): David Barone, Turning Point Securities (QWAF SC); Ranga Nathan, InvestMatrix Inc. (QWAF SC); 
Paul Williams, Nuveen Investments (speaker); Keith Styrcula, Structured Products Association and 
JP Morgan Chase (speaker); Matthew Moran, CBOE (moderator and QWAF SC); 
John Larkin, HFR Asset Management (speaker); Barry Feldman, Prism Analytics (QWAF SC); 
and Hilary Till, Premia Capital (QWAF SC).  (SC: steering committee)
 

May 17, 2005

“Forecasting the Markets and the Economy”

SPEAKERS:

Ms. Elaine Garzarelli, Garzarelli Research, Inc.

Dr. David Mirza, Loyola University, Chicago

 

April 21, 2005

“Electronic Trading and Understanding the DNA of a Trader”

Mr. Ben Van Vliet, Associate Director of the M.S. in Financial Markets program, Stuart Graduate School of Business, Illinois Institute of Technology in Chicago, and

Mr. David Norman, Director of Market Technology at the Center for Financial Markets, IIT, and Chairman of the Institute for Market Technology.

 

February 17, 2005

“Risk Measures for Institutional Portfolios”

Dr. Paul Kaplan, Ph.D., CFA, Chief Investment Officer, Morningstar Associates LLC

click here for Dr. Kaplan’s presentation

Mr. Michael Lindh, CFA, CPA, Richards & Tierney, Inc.

click here for Mr. Lindh’s presentation

 

January 27, 2005

"Behavioral Finance, Options and Volatility”

Slides for all presentations available by clicking on presentation titles

Professor Allen Poteshman, University of Illinois at Urbana-Champaign, on “Options Trading and Stock Price Movements;” 

Mr. Scott Nations, Fortress Trading, on “Behavioral Skew and Equity Options Volatility;”

and

Professor Keith Black, Stuart School of Business at the Illinois Institute of Technology, on “How the VIX Ate My Kurtosis”

Picture from the event:  (Left to right on top): SC member Mr. Ranga Nathan, Prof. Keith Black, Prof. Allen Poteshman, Mr. Scott Nations, SC member Mr. David Barone, SC member Mr. Adam Cohen, CFA, (left to right on bottom) SC member Dr. Barry Feldman, and SC member Mr. Matthew Moran.

 

Past Chicago QWAFAFEW Meetings (2002 - 2004)

 

*********************************************************
2004 CHICAGO QWAFAFEW MEETINGS
*********************************************************

December 2, 2004

"The Third Annual Chicago QWAFAFEW Holiday Party:  Featuring a Panel Discussion on the Money Management Industry”

JOB MARKET:  Ms. Kathy Graham, Principal, HQ SEARCH, INC,

click here for Ms. Graham’s presentation;

MUTUAL FUNDS:  Mr. Kunal Kapoor, Director, Mutual Fund Analysis, MORNINGSTAR,

click here for Mr. Kapoor’s presentation;

FUND OF HEDGE FUNDS:  Ms. Galina Kalcheva, Consultant, IBBOTSON ASSOCIATES,

click here for Ms. Kalcheva’s presentation;

IPO’s:  Dr. Josef Schuster, Founder, IPOX Schuster LLC,

click here for Dr. Schuster’s presentation; and

COMMODITIES:  Mr. Thomas Clark, Manager, Commodity Product Sales, Chicago Mercantile Exchange;

click here for information on Mr. Clark’s presentation

 

September 30, 2004

“Are Bonds the Answer? Pension Solutions & Fixed Income’s Indispensable Role in Asset Allocation”

 Mr. David Hershey, Director of Research, Lotsoff Capital Management,

click here for Mr. Hershey’s presentation

click here for Mr. Hershey’s prepared remarks

Mr. Ron Ryan, Chief Financial Architect, Ryan ALM, Inc.

 

May 20, 2004

"Modeling Foreign Currency Markets for Risk Management”

Mr. Michael Wilcox, President, ALFORD ASSOCIATES, INC.

click here for Mr. Wilcox’s presentation

Mr. Ulf Lindahl, Chief Investment Officer, A.G. BISSET & CO.

 

April 29, 2004

“Challenges Facing the Financial Services Industry”

Mr. Michael Henkel, President, IBBOTSON ASSOCIATES

Mr. Ian McDonald, Reporter, WALL STREET JOURNAL

Ms. Jeannette Lewis, Senior Special Counsel for Regulation, Midwest Regional Office, SECURITIES AND EXCHANGE COMMISSION.

MODERATOR: Ms. Patricia Gillman, Counsel, SEYFARTH SHAW.

 

March 25, 2004

“Volatility and Enhanced Returns”

Dr. Joanne Hill, Managing Director, GOLDMAN SACHS

click here for Dr. Hill’s presentation

Dr. Izzy Nelken, President, SUPER COMPUTER CONSULTING, INC.

click here for Dr. Nelken’s presentation

Mr. Gary Lahey, Adjunct Lecturer, ITT CENTER FOR LAW AND FINANCIAL MARKETS

click here for Mr. Lahey’s presentation

Mr. Jon “Dr. J” Najarian, Chief Market Strategist, PTI SECURITIES

Click here for picture from event:  Dr. Barry Feldman, Ibbotson Associates; Mr. Matthew Moran, CBOE; Ms. Hilary Till, Premia Capital; Dr. Joanne Hill, Goldman Sachs; and Mr. Gary Lahey, IIT Center for Law and Financial Markets.

 

February 19, 2004

“Venture Capital:  Due Diligence and Risk Monitoring”

Mr. Peter Stavros, Vice President, GTCR

click here for Mr. Stavros’ presentation

Ms. Melissa Van Hees, Director of Risk Management, BRI Partners LLC

click here for Ms. Van Hees’ presentation

 

*********************************************************
2003 CHICAGO QWAFAFEW MEETINGS
*********************************************************

December 4, 2003

“Second Annual Chicago QWAFAFEW Holiday Party: Featuring a Panel Discussion on the Money Management Industry in Chicago”

A Joint Meeting with the Chicago Chapter of 100 Women in Hedge Funds

PANELISTS:

DERIVATIVES MARKETS:  Mr. Rick Redding, Managing Director, Index Products, Chicago Mercantile Exchange;

MUTUAL FUNDS:  Mr. Kunal Kapoor, Associate Director of Fund Research, Morningstar;

click here for Mr. Kapoor’s presentation

PENSION FUND CONSULTING:  Mr. Bill Lowery, CEO, Lowery Asset Consulting;

HEDGE FUNDS:  Ms. Kristin Fox, Executive Editor, HedgeWorld; and

JOB MARKET:  Ms. Kathy Graham, Principal, HQ Search, Inc.

click here for Ms. Graham’s presentation

 

October 16, 2003

"Due Diligence and Portfolio Construction in Funds-of-Hedge-Funds”

Ms. Kristin Fox, Executive Editor, HedgeWorld

Mr. Marty Kaplan, Managing Director and Investment Committee Member, Mesirow Advanced Strategies

click here for Mr. Kaplan’s presentation

Mr. David Gordon, Vice President and Investment Committee Member, Glenwood Capital Investments LLC

 

September 25, 2003

“Performance Enhancement Through Short Sales”

Mr. Brian Burda, CFA, Director of Quantitative Research, Schwab Capital Markets Investment Analytics

Mr. Howard Eisen, Director of Prime Brokerage Services, ABN Amro.

click here for Mr. Eisen’s presentation

 

August 21, 2003

“Portfolio Performance Enhancement Through Better Firm Level Analysis”

Dr. Peter M. Jankovskis, Director of Research, OakBrook Investments, LLC

click here for Dr. Jankovskis’ presentation

Mr. Rawley Thomas, President, LifeCycle Returns, Inc.

click here for Mr. Thomas’ articles

 

May 15, 2003

“Hedge Fund Policy Allocation and Due Diligence”

Dr. Renato Staub, Director, UBS Global Asset Management

click here for a summary of Dr. Staub’s paper

click here for Dr. Staub’s presentation

Mr. Michael Jawor, Glenwood Capital Investments, LLC

 

April 24, 2003

“New Research on Equity Indices”

Dr. Paul Kaplan, Director of Research, Morningstar

Mr. Sanjay Arya, Director of Morningstar Indexes

click here for the Morningstar presentation

Mr. James Quinn, University of California-Berkeley

Mr. Frank Wang, University of California-Berkeley

click here for Mr. Quinn and Mr. Wang’s presentation

 

  March 20, 2003

“Derivatives, Volatility, and Hedge Funds”

Dr. Izzy Nelken, President, Super Computer Consulting, Inc.

click here for Dr. Nelken’s article

Mr. Sheldon Natenberg, Chicago Trading Company

click here for Mr. Natenberg’s presentation

Ms. Hilary Till, Principal, Premia Capital Management, LLC

click here for Ms. Till’s article

click here for Ms. Till’s presentation

 

February 20, 2003

“Derivatives Applications in Fixed Income Portfolios”

Dr. Cadmus Hicks, Vice President, Nuveen Investments

click here for Dr. Hicks’ presentation

Mr. Matthew O’Connor, Vice President, Lehman Brothers

click here for Mr. O’Connor’s presentation

 

January 16, 2003

"Efficiency Issues in Accessing and Hedging International Exposure"

Mr. James Davison of Barclays Global Investors

Mr. Josh Ortego of Susquehanna Investment Group

Mr. Giovanni Ford of MSCI

click here for Mr. Ford’s presentation

Moderator:  Mr. Matthew Moran, Chicago Board Options Exchange

click here for Mr. Moran’s introduction

 

*********************************************************
2002 CHICAGO QWAFAFEW MEETINGS
*********************************************************

December 5, 2002

“Chicago QWAFAFEW Holiday Party:

Featuring a Panel Discussion on the

Money Management Industry in Chicago”

FIXED INCOME:  Dr. Cadmus Hicks, Vice President, Nuveen Investments

click here for Dr. Hicks’ presentation

EQUITY MUTUAL FUNDS:  Mr. Scott Cooley, Editor of Morningstar Mutual Funds

PENSION FUND CONSULTING:  Ms. Geeta Kapadia, Associate Consultant, Stratford Advisory Group

click here for Ms. Kapadia’s presentation

HEDGE FUNDS:  Mr. Joseph Campise, Vice President, Banc of America Securities

click here for Mr. Campise’ presentation

JOB MARKET:  Ms. Kathy Graham, Principal, HQ Search, Inc.

click here for Ms. Graham’s presentation

MODERATOR:  Dr. Peter Jankovskis, Director of Research, OakBrook Investments

 

October 24, 2002

“Diversified Hedge Fund Investing”

Mr. Gary Knapp:  “A Volatility Balanced Approach to Constructing a Diversified Hedge Fund Portfolio”

click here for Mr. Knapp’s presentation

Mr. Matthew Moran, Chicago Board Options Exchange: “Hedge Fund Indexes”

click here for Mr. Moran’s presentation

 

September 19, 2002

“Optimized Execution in the Security and Derivatives Markets”

Mr. Scott Morris, Managing Director, The Hull Group/Goldman Sachs

click here for Mr. Morris’ presentation

Mr. John Lothian, President, Electronic Trading Division, The Price Futures Group, Inc.

 

August 22, 2002

“Portfolio Construction and Risk Management In Alternative Investments”

Dr. Barry Feldman, Ibbotson Associates

click here for a summary of Dr. Feldman’s paper

click here for Dr. Feldman’s presentation

Ms. Hilary Till, Premia Capital Management, LLC

click here for Ms. Till’s article 

click here for Ms. Till’s presentation

(Warning:  Large File Size:  Ms. Till’s presentation is 2.6 MB.)

 

July 18, 2002

“Small Cap Investing:  Which Benchmarks to Use, and What are the Tradeoffs Between Active and Passive Investing”

Dr. Peter Jankovskis, OakBrook Investments

click here for Dr. Jankovskis’ paper

click here for Dr. Jankovskis’ presentation

Ms. Geeta Kapadia, Stratford Advisory Group

click here for Ms. Kapadia’s paper

click here for Ms. Kapadia’s presentation

 

June 20, 2002

“Issues in Improving and Measuring Risk-Adjusted Returns”

Dr. Paul Kaplan, Morningstar

click here for Dr. Kaplan’s presentation

Mr. Matthew Moran, Chicago Board Options Exchange

Ms. Hilary Till, Premia Capital Management, LLC

click here for Ms. Till’s article

click here for Ms. Till’s presentation

(Warning:  Large File Size:  Ms. Till’s presentation is 2.5 MB.)

 

May 21, 2002

“Holdings-Based or Returns-Based, Which Form of Style Analysis is Best?”

Dr. Michele Gambera, Morningstar

click here for Dr. Gambera’s presentation

Mr. Peter di Teresa, Morningstar

Dr. Peter Jankovskis, OakBrook Investments

 

Past 2008 Chicago QWAFAFEW Meetings

 *********************************************************
2008 CHICAGO QWAFAFEW MEETINGS
*********************************************************

September 11, 2008

“PENSION FINANCE: ASSET ALLOCATION AND ASSET-LIABILITY MANAGEMENT”

SPEAKERS:

Mr. Ronald J. Ryan, CFA.  CEO, Founder, Ryan ALM, Inc.

Click here for Mr. Ryan's Presentation

Click here for Mr. Ryan's Article

Mr. Keith H. Black, CFA, CAIA.  Associate, Ennis Knupp + Associates

Click here for Mr. Black's Presentation

 

February 13, 2008

“OPTIONS IN 2008 - TOOLS TO NAVIGATE MORE VOLATILE MARKETS”

Click here for a summary and presentations from this meeting

Click here for a Chicago Tribune story about this meeting

SPEAKERS:

Mr. Jason Ungar, Director, Ansbacher Investment Management

Mr. John DiBacco, Managing Director, Head of US Equity Derivatives Trading, UBS

Mr. Jon Najarian, cofounder of optionMONSTER

Mr. Joe Cusick, Vice President of Education for optionsXpress

Past 2009 Chicago QWAFAFEW Meetings

*********************************************************
2009 CHICAGO QWAFAFEW MEETINGS
*********************************************************

December 3, 2009

“The Chicago QWAFAFEW Holiday Party:

Featuring a Panel Discussion on the Money Management Industry”

 PANELISTS:

Mr. Dennis Chookaszian, Former CEO of CNA Insurance
Topic: Future of the Financial Industry, including mergers & acquisitions, the insurance industry, and financial jobs in Chicago

 Mr. Michael Herbst, Associate Director of Fund Analysis, Morningstar, Inc.
Topic: Asset Management Industry

 Ms. Hilary Till, Principal, Premia Capital Management, LLC, and Research Associate, EDHEC Risk and Asset Management Research Centre
Topic: Commodities

 Mr. Keith Black, Associate, Ennis Knupp + Associates

Topic: Green Investing

 Ms. Susan Barreto, Deputy Editor, InvestHedge

Topic: Current and Future Issues for Global Hedge Fund Investors

 

October 8, 2009

 “Financial Crisis: Outlook for Supervision and Exchanges”

 PANELISTS:

Dr. George C. Kaufman, J.F. Smith, Jr. Professor of Finance and Economics and Director of the Center for Financial and Policy Studies, Loyola University Chicago; Co-Chair, Shadow Financial Regulatory Committee

Dr. Michael Gorham, Industry Professor of Finance, Stuart School of Business, Illinois Institute of Technology; former Director of the CFTC Division of Market Supervision

February 25, 2009

Click here for a Chicago Tribune story about this meeting

Diversification, Portfolio Management and Use of New Volatility-based Index Products”

SPEAKERS:

Mr. Srikant Dash, Global Head of Research and Design, Standard & Poor's Index Services

Click here for Mr. Dash's presentation

Mr. Mark Krommenhoek, Principal, Barclays Global Investors

Mr. Keith H. Black, Ennis Knupp + Associates

Click here for Mr. Black's presentation

Mr. Jamie Tyrell, Group One Trading

Mr. Brett Estell, Director, Chicago Trading Company (CTC)

 

Past 2010 Chicago QWAFAFEW Meetings

**********************************************
2010 CHICAGO QWAFAFEW MEETINGS
**********************************************

May 19, 2010

 “Innovations in the Commodity Arena”

Speaker Bios from May 19, 2010 Meeting

Moderator:

Paul Kaplan, Ph.D., CFA, Quantitative Research Director, Morningstar Europe; and contributor to Intelligent Commodity Investing

Click here for the audio introduction by Dr. Kaplan

 Speakers and Topics:

 Keith Black, Ennis Knupp & Associates

Topic: “Multiple Methodologies for Earning Alpha in the Commodity Markets”

 Click here for Dr. Black's Presentation

Click here for the audio introduction to Dr. Black's Presentation

Click here for the audio of Dr. Black's Presentation

Scott Burns, Head of ETF Research at Morningstar

Topic: “Exchange-listed Commodity Product -- Different Structures and Their Pros and Cons”

Click here for Mr. Burns' Presentation

Click here for the audio introduction to Mr. Burns' Presentation

Click here for the audio of Mr. Burns' Presentation

Ryan Abrams, AlphaMetrix

Topic: “Innovations in Commodity Investing: Alpha and Beta in Institutional Portfolios”

Click here for Mr. Abram's Presentation

Click here for the audio introduction to Mr. Abram's Presentation

Click here for the audio of Mr. Abram's Presentation

 

April 22, 2010

"Trading, Liquidity and ETF's"

Speaker Bios from April 22, 2010 Meeting

Moderator:

Mr. Patrick Daugherty, Foley & Lardner, LLP

 Speakers and Topics:

Brandon Clark, Vanguard
Topic: ETF Trends and Trading

Click here for Mr. Clark's Presentation

Click here for Mr. Clark's Audio Presentation

Alex Hagmeyer, Quantitative Services Group, LLC
Topic: Is High Frequency Increasing Institutional Trading Costs

Click here for Mr. Hagmeyer's Presentation

Click here for Mr. Hagmeyer's Audio Presentation

Paul Daley, Fox River Execution
Topic: ETF Liquidity

Pictures from Past Chicago QWAFAFEW Meetings

  

May 19, 2010

"Innovations in the Commodity Arena"

Picture 1
Mr. Scott Burns, Morningstar

Picture 2
(Left to Right) Dr. Paul Kaplan, Morningstar; Dr. Keith Black, Ennis Knupp & Associates;
Mr. Scott Burns, Morningstar; Mr. Ryan Abrams, Alphametrix


June 21, 2005 

"Opportunities in New Exotic Financial Instruments – Closed-end Funds, Hedge Funds and Structured Products" 

Picture from the event

(Left to Right): David Barone, Turning Point Securities (QWAF SC); Ranga Nathan, InvestMatrix Inc. (QWAF SC); Paul Williams, Nuveen Investments (speaker); Keith Styrcula, Structured Products Association and JP Morgan Chase (speaker); Matthew Moran, CBOE (moderator and QWAF SC); John Larkin, HFR Asset Management (speaker); Barry Feldman, Prism Analytics (QWAF SC); and Hilary Till, Premia Capital (QWAF SC).  (SC: steering)

March 25, 2004

“Volatility and Enhanced Returns”

 Click here for picture from event
Dr. Barry Feldman, Mr. Matthew Moran, Ms. Hilary Till, Dr. Joanne Hill, and Mr. Gary Lahey.


June 20, 2002

“Issues in Improving and Measuring Risk-Adjusted Returns”

Picture 1
(Left to Right) Mr. Matt Moran, CBOE and Dr. Michele Gambera, UBS

Picture 2
(Left to Right) Ms. Hilary Till, Co-editor, Intelligent Commodity Investing and
Dr. Peter Jankovskis, Oakbrook Investments

Picture 3
(Left to Right) Dr. Michele Gambera, UBS and Dr. Peter Jankovskis, Oakbrook Investments

About QWAFAFEW - Chicago


Chicago QWAFAFEW meetings are normally held from 5 to 7 pm on a day during the third or fourth week of the month at a local venue.

Contact: Chicago@qwafafew.org

To receive email notifications of meetings, please e-mail your request to Chicago@qwafafew.org

 

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