Exam Candidates: if you are having difficulty scheduling your exam appointment, please note that we have worked with Pearson VUE to add appointments/locations. As centers re-open, with COVID-19 precautions, Pearson VUE will make more seats available. Please check back regularly to ensure your exam seat or choose an online proctored exam.
Description: CAIA's CEO, Bill Kelly, has been keeping an eye on a few topics that could have significant impacts to our industry. Please join Bill Kelly and CAIA's Aaron Filbeck for a discussion on some of his recent blog posts from 'What About Beta?' on AllAboutAlpha. Our discussion will last approximately 25 minutes with the remaining 5 minutes for Q&A.
Panelists: Bill Kelly, CEO, CAIA Association and Aaron Filbeck, CAIA, CFA, CIPM, Associate Director, Content Development, CAIA Association
Description: Machine learning (ML) enables powerful algorithms to analyze financial data in new and exciting ways. But this excitement is often tempered by fear that investors don’t really understand why a model behaves the way it does. We need to move beyond this “black box” stigma. We propose a framework that demystifies the predictions from any ML algorithm. Our approach computes what we call a “fingerprint” for a given model’s linear, nonlinear, and interaction effects that drive its predictions — and ultimately its investment performance. In a real-world case study applied to currency return predictions, we find that popular ML models like neural network and random forest think in ways that do indeed make sense, and which we can begin to understand. These fingerprints empower investors to describe and probe the similarities and differences across ML models, and to extract genuine insight from machine-learned rules.
Panelists: David Turkington, Senior Managing Director, Head of Portfolio and Risk Management, State Street Associates, Yimou (Andrew) Li, Quantitative Research Analyst, State Street Associates, and Keith Black, Ph.D.,CAIA, CFA, FDP, Managing Director of Content Strategy, CAIA Association
Kicking off on Monday, 24 August, and culminating on Friday, 4 September, we are offering 10 educational webcasts in 10 days. Each day at 6pm IST you will hear relevant educational perspectives from faculty from India’s leading business schools alongside senior industry voices. Every session will host unique speakers discussing trending industry topics, so register for one or all of the sessions and be sure to bring your questions.
Session 1 - 24 August: Introduction to Alternative Investments
Session 2 - 25 August: Importance of Shareholder Agreement for Startups
Session 3 - 26 August: NPA Crisis in India - Is The Worst Behind Us?
Session 4 – 27 August: Rethinking Monetary Theory of Fiscal Policy
Register Soon!
Session 5 – 28 August: Money, Banking, and Economics
Register Soon!
Session 6 – 31 August: Corporate and Capital Market Scams
Register Soon!
Session 7 – 1 September: Impact of Covid-19 on Indian Economy
Session 8 – 2 September: Impact of Covid-19 on Indian Markets
Session 9 – 3 September: Success Mantras by Navneet Munot
Session 10 – 4 September: In Conversation with William Kelly
Description: Ronan Crosson (data strategy) and Thomas Combes (data science) of Eagle Alpha will review what is Alt Data and share market trends and adoption. They will discuss ROI on alt data and show use cases for the most popular datasets for both discretionary funds and quants funds. While highlighting the importance of getting the processes right they will touch upon the end-to-end process: Discovery, Prioritization, Evaluation, Procurement & Integration. The session will also include a deep dive on quality testing for alternative datasets.
Panelists: Ronan Crosson, Director, Data Strategy & Analytics, Eagle Alpha, Thomas Combes, Head of Data Science, Eagle Alpha, and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association
Description: With growing concerns around climate change, the question arises: are institutional investors moving money into low carbon strategies? We measure how institutional-money, in aggregate, is flowing around this theme by constructing six low carbon strategies, which we call “decarbonization factors.” After controlling for a range of other traditional factors, we find that between 2009 and 2018 the decarbonization factors that maximized carbon reduction also delivered the highest alpha. Additionally, since not all factors perform well all the time, there is an attractive opportunity for investors to rotate across different strategies – implementing tilts at the sector, industry or firm level across multiple regions – to get continuous exposure to low carbon portfolios with more attractive return profiles.
Panelists: George Serafeim, Charles M. Williams Professor of Business Administration, Harvard Business School, and Bill Kelly, CEO, CAIA Association
Description: Please join Timothy Koller of McKinsey & Company and Keith Black, PhD, CFA, CAIA, FDP of CAIA Association as they discuss the history and evolution of corporate valuation.
Panelists: Timothy Koller, Partner, McKinsey & Company, and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association
Description: CAIA's CEO, Bill Kelly, has been keeping an eye on a few topics that could have significant impacts to our industry. Please join Bill Kelly and CAIA's Aaron Filbeck for a discussion on some of his recent blog posts from 'What About Beta?' on AllAboutAlpha. Our discussion will last approximately 25 minutes with the remaining 5 minutes for Q&A.
Panelists: Bill Kelly, CEO, CAIA Association and Aaron Filbeck, CAIA, CFA, CIPM, Associate Director, Content Development, CAIA Association
Description: Machine learning (ML) enables powerful algorithms to analyze financial data in new and exciting ways. But this excitement is often tempered by fear that investors don’t really understand why a model behaves the way it does. We need to move beyond this “black box” stigma. We propose a framework that demystifies the predictions from any ML algorithm. Our approach computes what we call a “fingerprint” for a given model’s linear, nonlinear, and interaction effects that drive its predictions — and ultimately its investment performance. In a real-world case study applied to currency return predictions, we find that popular ML models like neural network and random forest think in ways that do indeed make sense, and which we can begin to understand. These fingerprints empower investors to describe and probe the similarities and differences across ML models, and to extract genuine insight from machine-learned rules.
Panelists: David Turkington, Senior Managing Director, Head of Portfolio and Risk Management, State Street Associates, Yimou (Andrew) Li, Quantitative Research Analyst, State Street Associates, and Keith Black, Ph.D.,CAIA, CFA, FDP, Managing Director of Content Strategy, CAIA Association
Description: With growing concerns around climate change, the question arises: are institutional investors moving money into low carbon strategies? We measure how institutional-money, in aggregate, is flowing around this theme by constructing six low carbon strategies, which we call “decarbonization factors.” After controlling for a range of other traditional factors, we find that between 2009 and 2018 the decarbonization factors that maximized carbon reduction also delivered the highest alpha. Additionally, since not all factors perform well all the time, there is an attractive opportunity for investors to rotate across different strategies – implementing tilts at the sector, industry or firm level across multiple regions – to get continuous exposure to low carbon portfolios with more attractive return profiles.
Panelists: George Serafeim, Charles M. Williams Professor of Business Administration, Harvard Business School, and Bill Kelly, CEO, CAIA Association
Description: Please join Timothy Koller of McKinsey & Company and Keith Black, PhD, CFA, CAIA, FDP of CAIA Association as they discuss the history and evolution of corporate valuation.
Panelists: Timothy Koller, Partner, McKinsey & Company, and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association
Kicking off on Monday, 24 August, and culminating on Friday, 4 September, we are offering 10 educational webcasts in 10 days. Each day at 6pm IST you will hear relevant educational perspectives from faculty from India’s leading business schools alongside senior industry voices. Every session will host unique speakers discussing trending industry topics, so register for one or all of the sessions and be sure to bring your questions.
Session 1 - 24 August: Introduction to Alternative Investments
Session 2 - 25 August: Importance of Shareholder Agreement for Startups
Session 3 - 26 August: NPA Crisis in India - Is The Worst Behind Us?
Session 4 – 27 August: Rethinking Monetary Theory of Fiscal Policy
Register Soon!
Session 5 – 28 August: Money, Banking, and Economics
Register Soon!
Session 6 – 31 August: Corporate and Capital Market Scams
Register Soon!
Session 7 – 1 September: Impact of Covid-19 on Indian Economy
Session 8 – 2 September: Impact of Covid-19 on Indian Markets
Session 9 – 3 September: Success Mantras by Navneet Munot
Session 10 – 4 September: In Conversation with William Kelly
There are no upcoming infoseries in the region at this time.
Description: Ronan Crosson (data strategy) and Thomas Combes (data science) of Eagle Alpha will review what is Alt Data and share market trends and adoption. They will discuss ROI on alt data and show use cases for the most popular datasets for both discretionary funds and quants funds. While highlighting the importance of getting the processes right they will touch upon the end-to-end process: Discovery, Prioritization, Evaluation, Procurement & Integration. The session will also include a deep dive on quality testing for alternative datasets.
Panelists: Ronan Crosson, Director, Data Strategy & Analytics, Eagle Alpha, Thomas Combes, Head of Data Science, Eagle Alpha, and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association
