A Luncheon Panel Discussion with the Chicago authors of "Intelligent Commodity Investing" (Ended)
A Luncheon Panel Discussion with the Chicago authors of "Intelligent Commodity Investing"
Co-sponsored by Chicago QWAFAFEW and the Chicago Chapter of PRMIA
By now we all know that we have been in the midst of a four-year bull market in commodities, and that commodities can play a useful role as portfolio diversifiers. Those who really understand how to use commodities as investment tools, however, know much more. They understand the sources of returns for commodities and commodity indexes, and in particular, they understand the crucial role of the forward curve as a return driver and signal.
This luncheon panel will feature three authors of the just-published book, "Intelligent Commodity Investing," who will clarify what the key return drivers are for commodity investing and will also explain how to manage the risks in these investments.
- Hilary Till, Co-Founder - Premia Capital Management, LLC; and Research Associate, EDHEC Risk and Asset Management Research Centre
"Structural Sources of Return & Risk in Commodity Futures Investments"
- Rian Akey, Vice President and COO - Cole Partners
"Can your Commodities Investment be BOTH a High Risk-Adjusted Return Source and a Portfolio Hedge?"
- Thomas Idzorek, CFA, Vice President, Research and Product Development - Ibbotson Associates
"Strategic Asset Allocation and Commodities"
Moderated by Nick Ronalds, CFA
Date and Time:
Thursday, April 5th, 2007
12:00 - 1:30 p.m.
Union League Club
65 W. Jackson
Members of CFA Chicago and Co-sponsoring Societies - $45 (cash, check, credit card or CFA Chicago function ticket)
Student-Members - $10 (cash, check or credit card)
Non-Members - $55 (cash, check, credit card or CFA Chicago function ticket)
Register online below, or call CFA Chicago at 312-251-1301.
Cancellations accepted until 5pm, April 4. There is a $5 surcharge for walk-ins.
Eligible for 1 PD credit hour.
This Education seminar qualifies for credit under the guidelines for the CFA Institute Professional Development Program. Please see http://www.cfainstitute.org/memresources/pdprogram/ for more information.
Hilary Till, Co-Founder - Premia Capital Management, LLC; and Research Associate, EDHEC Risk and Asset Management Research Centre
Hilary Till is the Co-Founder of Premia Capital, a proprietary trading firm, which specializes in the natural resources markets. She is also the co-editor of Intelligent Commodity Investing, a forthcoming (March 2007) Risk Book, and the author of numerous published articles on commodities, risk management and hedge funds. In addition, Ms. Till is an Advisory Board member of the Tellus Natural Resources Fund, a fund of hedge funds; and a Research Associate at the EDHEC Risk and Asset Management Research Centre. Before co-founding Premia Capital, she was the Chief of Derivatives Strategies at Putnam Investments, and prior to this position, was a quantitative analyst at Harvard Management Company.
Rian Akey, Vice President and COO - Cole Partners
Rian Akey is the Vice President and COO of Cole Partners and is a principal of the organization. Mr. Akey was hired in 1999 and has since guided the firm's review and due diligence of investment managers, industry research and operations. In 2005, an affiliate firm, Cole Asset Management, launched the Tellus Natural Resources Fund, a fund of funds dedicated to the commodity and natural resources sector, of which Mr. Akey serves on the investment committee. His research on the relative merits of commodities alpha and beta has appeared in a variety of academic journals and books and has been presented at investment conferences around the world. Prior to joining Cole Partners, Mr. Akey's experience includes tenure with Thomson Financial and with a Fidelity Investments subsidiary.
Thomas M. Idzorek, CFA, Vice President, Research and Product Development - Ibbotson Associates
Tom Idzorek is vice president in charge of research and product development for Ibbotson Associates. Managing a team of Ph.D. researchers, he is responsible for Ibbotson's research agenda and new product development. Mr. Idzorek has expertise in strategic asset allocation, tactical (dynamic) asset allocation, asset allocation implementation, fund-of-funds optimization, risk budgeting, returns-based style analysis and performance analysis. He is also a member of Ibbotson's Investment Policy Committee. Prior to joining Ibbotson, Mr. Idzorek was the senior quantitative researcher of Zephyr Associates, where he developed and researched finance models and techniques for inclusion in the company's analytical software.
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