Vault Series: RiverNorth (Ended)
History of MPL and the investment characteristics of the asset class
Program Description: Online origination of consumer and small business loans has seen remarkable growth over the past 5 years. What was once a truly peer-to-peer market has transformed into an institutional asset class. Marketplace (MPL) lending originations have grown from under $1B in 2011, to ~$27B in 2016. While this represents tremendous compounded growth, it is still less than 3% of total household originations. Please join RiverNorth's Philip Bartow (lead-PM, Marketplace lending strategies) as he presents a brief history of MPL, the investment characteristics of the asset class, and his thoughts on risks & future opportunities.
Members - $10 or FREE with function ticket
Student Members - $10
Nonmembers - $20
(member pricing underwritten by CFA Society Chicago)
CFA Institute Qualified Activity: Eligible for 1 credit hour
Attire: Business Casual
Menu: Refreshments & Light Snacks
3:30 pm - 4:00 pm - Registration
4:00 pm - 5:00pm - Program
*Please note distribution of presentation slides is at the discretion of the speaker and may not be available for this event
Hosted by: Distinguished Speaker Series Advisory Group
Philip Bartow joined RiverNorth in 2015 and serves as Portfolio Manager. He manages the firm's marketplace lending strategies. He came to RiverNorth with 12 years of experience in investment management, capital markets, and investment banking capacities within structured finance, securitized products and real estate. Prior to joining RiverNorth, Bartow was a Principal at Spring Hill Capital where he focused on the analysis and trading of structured credit, commercial mortgage and asset-backed fixed income investments. He began his career in the Mortgage Department at Lehman Brothers Inc. in New York, where he focused on non-agency residential mortgages and esoteric asset-backed securities. Bartow graduated from Williams College with a B.A. in Economics and earned his MBA from Columbia Business School with a concentration in Accounting and Finance.
*Special Notes Regarding Fees:
Regular, Candidate, and Affiliate Members may apply function tickets as payment for Nonmember or Student Member. Credit card required to guarantee ALL reservations except for reservations using Function Tickets. Day-of-event registrations accepted on-site only if applicable and space available. There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, January 8.
Members of any CFA society may attend at the CFA Society Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.
CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.
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