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CloseCAIA InfoSeries Webcasts
Our live InfoSeries webcasts will boost your expertise on the latest industry growth areas and share insights into the CAIA exams. Featuring CAIA and industry experts, these brief, interactive sessions will encourage and answer your questions. Find out more and join one today.
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Upcoming Infoseries
Turn Text into Alpha - NLP Sentiment Thought Leadership
Thursday, December 9, 2021, 12:00 pm Time zone: EST
Description: Join Dan Joldzic, CEO & Quantitative Research, from Alexandria Technology for a discussion of natural language processing (NLP). NLP techniques can be used to analyze a variety of data sources, including news reports, company regulatory filings and earnings calls, as well as posts on social media sites such as Reddit. The output from these models can be used for stock selection with varying time horizons and degrees of alpha capture. This data can also be used to analyze sentiment regarding the ESG footprint of both public and private companies. Formal remarks of the presentation will last approximately 45 minutes, with 15 minutes for Q&A.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, FDP Institute, and Dan Joldiz, CFA, FRM, CEO, Alexandria Technology
CAIA Association’s 10 Lessons in Finance
Thursday, December 9, 2021, 5:00 pm Time zone: IST
Session 9: Onshoring the Offshore with International Financial Services Centres (IFSC) Authority
Description: This session will provide an update about the maiden International Financial Services Centre (IFSC) in India. The IFSC Authority (IFSCA) has been established in 2020 as a unified regulator for development and regulation of financial services, financial products and financial institutions in the IFSCs in India. The senior officials from IFSCA will provide an overview of the priorities of IFSCA, recent developments and the emerging opportunities at the IFSC, particularly relating to fund management activities. The session will focus on the regulatory framework for Alternative Investment Funds (AIFs) in the IFSC, the benefits for AIFs in the IFSC, steps taken by IFSCA and other authorities to onshore the fund management activities and a brief overview of the ongoing policy reforms with respect to fund management in the IFSC.
Panelists: Arjun Prasad, Deputy General Manager, Manoj Kumar, Executive Director, Mihir Upadhyay, Deputy General Manager, and moderated by Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Friday, December 10 – 5:00pm Time zone: IST
Session 10: Tokenisation
Description: Tokenisation approaches have vast potential for addressing the challenges related to investment in illiquid asset classes, with advantages including:
- improved liquidity
- faster, cheaper transactions
- greater transparency
- broadened access to more investors
While increased liquidity should be generally beneficial, the industry and its regulators must continue to ensure that investors are equipped to understand the quality and risks inherent in each tokenised investment. In this webinar we take a dive into tokenisation of assets with a panel discussion in the second half.
Panelists: Jonathan Cheung, Director, HKbitEX, and moderated by Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
ESG in Private Markets - Session 4 of a Series: Portfolio Construction – More than Risk and Return
Wednesday, December 15, 2021, 12:00 pm Time zone: EST
Description: ESG is no longer a mere add-on in a portfolio or investment strategy; for an increasing number of investors in alternatives, a thoughtful approach to ESG issues has become table stakes. As the industry continues to define the role of ESG and develop approaches to measure and analyze the effect of these issues on their portfolios, industry professionals must to continue to educate themselves about the key trends and developments related to ESG across alternative asset classes. Join CAIA, in partnership with Nuveen, for a thought-provoking webinar series organized exclusively for the benefit of institutional investors across the world. In the fourth session, we will discuss how asset owners can best integrate some of the most material ESG issues into their portfolios, regardless of asset class.
Panelists: Marc deBree, CAIA, Head of Real Estate and Alternatives, TIAA General Account, Andrew Collins, FSA, Director of ESG & Responsible Investing, San Francisco Employees’ Retirement System (SFERS), Daniel Ingram, Senior Vice President, Wilshire, and moderated by Maria Long, Research and Content Director, Standards Board for Alternative Investments
Conducting Private Portfolio Attribution Analysis
Wednesday, January 19, 2022, 12:00 pm Time zone: EST
Description: There are many methods for conducting performance attribution with portfolios containing only liquid assets. A lack of periodic asset return data and a clear definition of what constitutes an appropriate market benchmark thwarts efforts to perform similar types of attribution analyses for portfolios of private equity funds (and other illiquid investments). This presentation will cover a proposed methodology for decomposing private fund portfolio performance in an article, “Private Portfolio Attribution Analysis,” published in the Fall 2021 edition of The Journal of Alternative Investments.
Panelists: Greg Brown, PhD, Executive Director, Kenan Institute of Private Enterprise, and Aaron Filbeck, CFA, CAIA, CIPM, FDP, Director, Global Content Development, CAIA Association
Conducting Private Portfolio Attribution Analysis - APAC
Thursday, January 20, 2022, 12:00 pm Time zone: HKT
Description: There are many methods for conducting performance attribution with portfolios containing only liquid assets. A lack of periodic asset return data and a clear definition of what constitutes an appropriate market benchmark thwarts efforts to perform similar types of attribution analyses for portfolios of private equity funds (and other illiquid investments). This presentation will cover a proposed methodology for decomposing private fund portfolio performance in an article, “Private Portfolio Attribution Analysis,” published in the Fall 2021 edition of The Journal of Alternative Investments.
Panelists: Tyler Johnson, CFA, Managing Director, StepStone Group, and Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Past Infoseries
Can Capital Markets Save the Planet?
Wednesday, December 8, 2021, 11:00 am Time zone: EST
Description: In a joint effort, KPMG International, CREATE-Research, and CAIA Association examined the role of capital markets in the transition to a low-carbon world. This report investigated the experiences to date of climate investing and the changes we can expect in the next three years, as we move towards a new investment paradigm. The research includes insights from 90 institutional investors, alternative investment managers, long only managers and pension consultants in 20 countries in all the key regions. This panel discussion focused on the insights, findings, and takeaways gathered from this report. Download the report here.
Panelists: Anthony (Tony) Cowell, Global Lead Engagement Partner and Head of Asset Management, KPMG, Cayman Islands, Amin Rajan, Chief Executive Officer, CREATE-Research, Jodie McTaggart, Principal, KPMG IMPACT, KPMG Islands Group, and moderated by Bill Kelly, Chief Executive Officer, CAIA Association
CAIA Latin America Chapter Launch
Tuesday, November 30, 2021, 4:30 pm Time zone: EST
Description: We officially launched CAIA LatAm, CAIA Association's 32nd Global Chapter! Made up of representatives from Brazil, Mexico, Chile, Colombia, and Peru, the Chapter Executive Committee will work to provide opportunities for local CAIA Members in many locations to network, share knowledge, and create an environment that fosters the growth of the local alternative investment industry. The Chapter will also host educational events featuring thought leaders, who will discuss a variety of alternative investment trends and strategies. CAIA Association CEO Bill Kelly, CAIA Executive Vice President John Bowman, and the LatAm Chapter Committee hosted this special launch event as they outlined their mission and plans for 2022!
Panelists: Bill Kelly, CEO, CAIA Association, John Bowman, CFA, Executive Vice President, CAIA Association, Daniel Mueller, CAIA, CAIA LatAm Chapter Head, and CAIA LatAm Chapter Committee
The Fundamentals of Venture Capital Across the Liquidity Spectrum: Digital Assets - Session 3 of a Series
Tuesday, November 30, 2021, 12:00 pm Time zone: EST
Description: In this presentation, Keith Black discussed the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith explored how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data were presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets were also discussed, including regulatory risks, technology risk, and valuation risk. Keith’s presentation was followed with a discussion with Josh Kernan, who provided an update on digital assets and the current market environment.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, and Josh Kernan, CAIA, Partner, Permian Capital Management, LLC
CAIA Association’s 10 Lessons in Finance
Monday, November 29, 2021, 5:00 pm Time zone: IST
Session 1: Private Markets: An Update
Description: Prime advertising airtime is now being purchased by private firms rather than public firms. Still little is known to the general audience about the size, scope, and extent to how big the private markets are! In this webinar, a presentation was provided covering Private Equity and Venture Capital looking at key features across investments size, top deals, volume, cheque sizes, sector focus and more. The presentation also summed up the activity of larger players and looked more closely at the buzz surrounding Unicorns. Finally, our session concluded with a look at exit types and size pointing to the recent trends.
Panelists: Vinoth A, Head of Research, Venture Intelligence, Arun Natarajan, Founder, Venture Intelligence, and Shreekant Daga, CAIA, CFA, FRM, Associate Director, Liaison Office, India, CAIA Association
Tuesday, November 30, 2021, 5:00 pm Time zone: IST
Session 2: The Fundamentals of Venture Capital
Description: In this presentation, Aaron Filbeck discussed Private Equity (PE) investments and also focus on Venture Capital (VC). Aaron shared insight into the life cycle and performance of VC funds and present a framework for the PE investment process, from the development of portfolio objectives, through liquidity management, and manager selection. Our session concluded with a look at the risks involved in VC investments.
Panelists: Aaron Filbeck, CAIA, CFA, CIPM, FDP, Director, Global Content Development, CAIA Association, and Wendy Leung, Assistant Director, External Relations, Asia Pacific, CAIA Association
Wednesday, December 1, 2021, 5:00 pm Time zone: IST
Session 3: Private Investor Insights
Description: The world saw Governments pump some US$14 trillion of fresh capital into markets in 2020. Record inflation numbers have been registered across the globe and a point in instance of 5.4% in the US in both June and July 2021. Asset valuations have been at an all-time high with new metrics being suggested to justify the rationale. Private markets are considered the main street whereas the private investors as the falcon in the sky for spotting opportunities. Join us in this webinar to learn from the vantage of private investors.
Panelists: Hemal Naran, Co-founder, Mkoba Private Equity, Ninad Karpe, Partner, 100X.VC, and moderated by Deepti Sagar, CAIA, Director, Atom Privé Financial Services
Thursday, December 2 – 5:00pm Time zone: IST
Session 4: Special Purpose Acquisition Companies (SPACs) in India
Description: Stock market listing of SPACs is an important technique for raising equity capital. Both listing and fund-raising by SPACs reached all-time records between 2017 to 2021. According to spacdata.com so far in 2021, a record 547 SPAC IPOs in the US have raised nearly US$150 billion. Full-year 2021 SPAC issuance in the US is likely to surpass the record numbers in 2020. SPACs were nearly two-thirds of all US IPOs in 2021. The equity funds raised by SPACs are used to invest in a wide variety of businesses including startups, growth stage enterprises and in new categories. The growth of the SPAC market in the US has had a contagion effect in many markets which are also contemplating the creation of domestic SPAC markets in countries such as India, Singapore and Hong Kong.
Panelists: Vikas Bagaria, Leader, Global Capital Markets Group, Deloitte Haskins & Sells LLP, D Muthukumaran, Chief Financial Officer, Renew Power, and moderated by Arvind Mathur, CFA,FRM, Chairman, Private Equity Pro Partners
View the recording
Friday, December 3 – 5:00pm Time zone: IST
Session 5: Intermediary Insights on PE/VC Transactions
Description: Law of large numbers ensures flattened generalisation which is often not the case for focused private market players. Service intermediaries can provide a distilled test of state of the union since they draw their strength from several focused enterprises. In this webinar we bring together senior industry voices representing experts in the fields of valuation, legal, tax and structuring. Each will share their insights and observations.
Panelists: Rishi Aswani, CFA, Managing Director, Alternative Asset Advisory, Duff & Phelps, a Kroll business, Vidushi Gupta, Partner, Corporate, M&A and Private Equity Practice Group, Khaitan & Co, Tushar Sachade, Partner, Price Waterhouse & Co LLP, and moderated by William Kelly, CEO, CAIA Association
Monday, December 6 - 5:00pm Time zone: IST
Session 6: Cryptocurrencies and Digital Assets
Description: In this presentation, Keith will discuss the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith will explore how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data will be presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets will also be discussed, including regulatory risks, technology risk, and valuation risk.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, and moderated by Shreekant Daga, CAIA, CFA, FRM, Associate Director, Liaison Office, India, CAIA Association
Tuesday, December 7 - 5:00pm Time zone: IST
Session 7: The Case for Liquid Alternatives
Description: Investing is challenging as it is both complex and complicated. Each point requires continuous learning and updating of mental frameworks. Conflicts and contradictions are found everywhere. For example, data from the mutual fund industry shows that most funds fail to outperform their benchmarks, but investors in hedge funds allocate primarily for alpha generation as shown by the latest JP Morgan industry survey. If mutual funds do not generate any alpha, why should hedge funds? Perhaps the assumption is that hedge funds have more flexibility with regards to investing, which provides for a greater opportunity to generate alpha. However, they also charge high fees that directly reduce alpha. Fortunately for investors, many classical hedge fund strategies have become available in low-cost mutual fund and ETF formats, which might represent the best of both worlds.
Panelists: Nelson Lacey, Director of Examinations, CAIA Association, and moderated by Mirjam Dekker, MBA, MS HRD, Project Manager, FDP Institute
Wednesday, December 8 - 5:00pm Time zone: IST
Session 8: Careers in Alternative Investments
Description: The idea of this webinar is to take an academician’s approach to career building advice, observations seen in recruiting patterns, usage of various types of resources (online and off), focus and importance of various types of skill sets (hard / soft / combination) and how to extract the maximum value t from various educational course (MBA, Charters, Certificates, Corporate Training), etc. We have distinguished speakers - both local and global – who will share best practices a young professional should consider to chalk out an ambitious career.
Panelists: Peter Mackay, Assistant Professor of Finance, HKUST, Abhilash Misra, Chief Executive Officer, NSE Academy Ltd., and moderated by Seydina Fall, CFA, Associate Director, CAIA Association
CAIA India Information Session
Tuesday, November 16, 2021, 5:00 pm Time zone: IST
Description: Listen in as CAIA Association’s Managing Director, Asia Pacific, Industry Relations, Jo Murphy, and Shreekant Daga, CAIA, CFA, FRM, Associate Director, India Liaison Office, provided an update on the private equity industry and introduced CAIA Association. Further, Wendy Leung, Assistant Director, Asia Pacific, External Relations, at CAIA Association, had a conversation with CAIA Member, Aswini Bajaj, CEO of Leveraged Growth about his CAIA journey.
Panelists: Jo Murphy, Managing Director, Asia Pacific, Industry Relations, Shreekant Daga, CAIA, CFA, FRM, Associate Director, India, Aswini Bajaj, CAIA, CEO, Leveraged Growth, and Wendy Leung, Assistant Director, Asia Pacific, External Relations, CAIA Association
ESG in Private Markets - Session 3 of a Series: Real Assets – Mitigating the Physical and Transition Risks of Climate Change
Tuesday, November 9, 2021, 12:00 pm Time zone: HKT
Description: ESG is no longer a mere add-on in a portfolio or investment strategy. For an increasing number of investors in alternatives, a thoughtful approach to ESG issues has become table stakes. As the industry continues to define the role of ESG and develop approaches to measure and analyze the effect of these issues on their portfolios, industry professionals must continue to educate themselves about the key trends and developments related to ESG across alternative asset classes. CAIA, in partnership with Nuveen, hosted a thought-provoking webinar series organized exclusively for the benefit of institutional investors across the world. In this third session, we discussed how real assets participants can protect themselves from transition and physical risks associated with climate change.
Panelists: Katie Vaz, Managing Director, Clarion Partners, Suzanne Tavill, Global Head of Responsible Investment, StepStone Group, and moderated by Derek Jun, CFA, CAIA, Head of Investment Risk, Nuveen Real Assets
Practical Machine Learning in Asset Management: Manager Selection and Valuing the Secondary Sale of Private Assets
Tuesday, November 2, 2021, 12:00 pm Time zone: EDT
Description: Listen in as Lydia Ofori, CFA, CAIA, Adam Duncan, and Keith Black, PhD, CFA, CAIA, FDP discuss how machines are interfacing with humans to effect manager selection and private asset secondary sales. The webinar discusses key questions that sit across technology and finance:
• Can machines actually uncover hidden patterns that escape the human eye and emotions?
• How would the interface between technology applications enhance our ability to pick the best managers and companies?
• What are the limitations on artificial intelligence and other machine learning based models that are most likely to hinder or interrupt results?
• Can AI be used to expedite the secondary sale of private assets?
Panelists: Lydia Ofori, CFA, CAIA, Founder & CEO, Hunter Labs Tech, Adam Duncan, Head of Investment Science Unit, Cambridge Association LLC, and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, FDP Institute
Cryptocurrencies and Digital Assets - Market Structure, Risks, and Opportunities
Tuesday, November 2, 2021, 12:00 pm Time zone: HKT
Description: In this presentation, Keith Black discussed the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith explored how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data was presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets were also discussed, including regulatory risks, technology risk, and valuation risk.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, and Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
ESG in Private Markets - Session 2 of a Series: Private Capital Alignment of GPs and LPs
Wednesday, October 27, 2021, 12:00 pm Time zone: EDT
Description: ESG is no longer a mere add-on in a portfolio or investment strategy. For an increasing number of investors in alternatives, a thoughtful approach to ESG issues has become table stakes. As the industry continues to define the role of ESG and develop approaches to measure and analyze the effect of these issues on their portfolios, industry professionals must continue to educate themselves about the key trends and developments related to ESG across alternative asset classes. CAIA, in partnership with Nuveen, hosted a thought-provoking webinar series organized exclusively for the benefit of institutional investors across the world. In the second session, we discussed how general partners and limited partners can better align themselves around material ESG issues.
Panelists: Jennifer Wong, CFA, Portfolio Manager, Glenmede, Jennifer Choi, Managing Director of Industry Affairs, Institutional Limited Partners Association (ILPA), Allison Spector, Head of ESG, One Rock Capital Partners, LLC, and Carol Loundon, Managing Director, Underwriting & Portfolio Management, Churchill Asset Management
The Fundamentals of Venture Capital Across the Liquidity Spectrum: SPAC's - Session 2 of a Series
Thursday, October 21, 2021, 12:00 pm Time zone: EDT
Description: In this presentation, Keith Black, PhD, CAIA, CFA, FDP, Managing Director of Content Strategy at the CAIA Association described and compared the many ways that entrepreneurs and their private equity owners can exit their ownership in a private company. While IPOs have declined in importance in recent years, there has been an increase in strategic mergers, financial mergers, and secondary buyouts. More recently, a growing number of companies have sought to become publicly traded through direct listings and special purpose acquisition corporations (SPACs). Keith’s presentation was followed with a discussion with Cameron Stanfill, CFA, Venture Analyst at Pitchbook Data who provided an update on SPACs and the current market environment for exits in public companies.
Panelists: Keith Black, PhD, CAIA, CFA, FDP, Managing Director of Content Strategy, CAIA Association, Cameron Stanfill, CFA, Venture Analyst, PitchBook Data, Millissa Allen, CAIA, Managing Director, Global Head, Fundamentals of Alternative Investments, CAIA Association
Upcoming Infoseries
ESG in Private Markets - Session 4 of a Series: Portfolio Construction – More than Risk and Return
Wednesday, December 15, 2021, 12:00 pm Time zone: EST
Description: ESG is no longer a mere add-on in a portfolio or investment strategy; for an increasing number of investors in alternatives, a thoughtful approach to ESG issues has become table stakes. As the industry continues to define the role of ESG and develop approaches to measure and analyze the effect of these issues on their portfolios, industry professionals must to continue to educate themselves about the key trends and developments related to ESG across alternative asset classes. Join CAIA, in partnership with Nuveen, for a thought-provoking webinar series organized exclusively for the benefit of institutional investors across the world. In the fourth session, we will discuss how asset owners can best integrate some of the most material ESG issues into their portfolios, regardless of asset class.
Panelists: Marc deBree, CAIA, Head of Real Estate and Alternatives, TIAA General Account, Andrew Collins, FSA, Director of ESG & Responsible Investing, San Francisco Employees’ Retirement System (SFERS), Daniel Ingram, Senior Vice President, Wilshire, and moderated by Maria Long, Research and Content Director, Standards Board for Alternative Investments
Conducting Private Portfolio Attribution Analysis
Wednesday, January 19, 2022, 12:00 pm Time zone: EST
Description: There are many methods for conducting performance attribution with portfolios containing only liquid assets. A lack of periodic asset return data and a clear definition of what constitutes an appropriate market benchmark thwarts efforts to perform similar types of attribution analyses for portfolios of private equity funds (and other illiquid investments). This presentation will cover a proposed methodology for decomposing private fund portfolio performance in an article, “Private Portfolio Attribution Analysis,” published in the Fall 2021 edition of The Journal of Alternative Investments.
Panelists: Greg Brown, PhD, Executive Director, Kenan Institute of Private Enterprise, and Aaron Filbeck, CFA, CAIA, CIPM, FDP, Director, Global Content Development, CAIA Association
Past Infoseries
Can Capital Markets Save the Planet?
Wednesday, December 8, 2021, 11:00 am Time zone: EST
Description: In a joint effort, KPMG International, CREATE-Research, and CAIA Association examined the role of capital markets in the transition to a low-carbon world. This report investigated the experiences to date of climate investing and the changes we can expect in the next three years, as we move towards a new investment paradigm. The research includes insights from 90 institutional investors, alternative investment managers, long only managers and pension consultants in 20 countries in all the key regions. This panel discussion focused on the insights, findings, and takeaways gathered from this report. Download the report here.
Panelists: Anthony (Tony) Cowell, Global Lead Engagement Partner and Head of Asset Management, KPMG, Cayman Islands, Amin Rajan, Chief Executive Officer, CREATE-Research, Jodie McTaggart, Principal, KPMG IMPACT, KPMG Islands Group, and moderated by Bill Kelly, Chief Executive Officer, CAIA Association
CAIA Latin America Chapter Launch
Tuesday, November 30, 2021, 4:30 pm Time zone: EST
Description: We officially launched CAIA LatAm, CAIA Association's 32nd Global Chapter! Made up of representatives from Brazil, Mexico, Chile, Colombia, and Peru, the Chapter Executive Committee will work to provide opportunities for local CAIA Members in many locations to network, share knowledge, and create an environment that fosters the growth of the local alternative investment industry. The Chapter will also host educational events featuring thought leaders, who will discuss a variety of alternative investment trends and strategies. CAIA Association CEO Bill Kelly, CAIA Executive Vice President John Bowman, and the LatAm Chapter Committee hosted this special launch event as they outlined their mission and plans for 2022!
Panelists: Bill Kelly, CEO, CAIA Association, John Bowman, CFA, Executive Vice President, CAIA Association, Daniel Mueller, CAIA, CAIA LatAm Chapter Head, and CAIA LatAm Chapter Committee
The Fundamentals of Venture Capital Across the Liquidity Spectrum: Digital Assets - Session 3 of a Series
Tuesday, November 30, 2021, 12:00 pm Time zone: EST
Description: In this presentation, Keith Black discussed the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith explored how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data were presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets were also discussed, including regulatory risks, technology risk, and valuation risk. Keith’s presentation was followed with a discussion with Josh Kernan, who provided an update on digital assets and the current market environment.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, and Josh Kernan, CAIA, Partner, Permian Capital Management, LLC
ESG in Private Markets - Session 2 of a Series: Private Capital Alignment of GPs and LPs
Wednesday, October 27, 2021, 12:00 pm Time zone: EDT
Description: ESG is no longer a mere add-on in a portfolio or investment strategy. For an increasing number of investors in alternatives, a thoughtful approach to ESG issues has become table stakes. As the industry continues to define the role of ESG and develop approaches to measure and analyze the effect of these issues on their portfolios, industry professionals must continue to educate themselves about the key trends and developments related to ESG across alternative asset classes. CAIA, in partnership with Nuveen, hosted a thought-provoking webinar series organized exclusively for the benefit of institutional investors across the world. In the second session, we discussed how general partners and limited partners can better align themselves around material ESG issues.
Panelists: Jennifer Wong, CFA, Portfolio Manager, Glenmede, Jennifer Choi, Managing Director of Industry Affairs, Institutional Limited Partners Association (ILPA), Allison Spector, Head of ESG, One Rock Capital Partners, LLC, and Carol Loundon, Managing Director, Underwriting & Portfolio Management, Churchill Asset Management
The Fundamentals of Venture Capital Across the Liquidity Spectrum: SPAC's - Session 2 of a Series
Thursday, October 21, 2021, 12:00 pm Time zone: EDT
Description: In this presentation, Keith Black, PhD, CAIA, CFA, FDP, Managing Director of Content Strategy at the CAIA Association described and compared the many ways that entrepreneurs and their private equity owners can exit their ownership in a private company. While IPOs have declined in importance in recent years, there has been an increase in strategic mergers, financial mergers, and secondary buyouts. More recently, a growing number of companies have sought to become publicly traded through direct listings and special purpose acquisition corporations (SPACs). Keith’s presentation was followed with a discussion with Cameron Stanfill, CFA, Venture Analyst at Pitchbook Data who provided an update on SPACs and the current market environment for exits in public companies.
Panelists: Keith Black, PhD, CAIA, CFA, FDP, Managing Director of Content Strategy, CAIA Association, Cameron Stanfill, CFA, Venture Analyst, PitchBook Data, Millissa Allen, CAIA, Managing Director, Global Head, Fundamentals of Alternative Investments, CAIA Association
The Fundamentals of Venture Capital – Session 1 of a Series
Thursday, September 23, 2021, 12:00 pm Time zone: EDT
Description: In this presentation, Aaron Filbeck discussed private equity investments, focusing on venture capital. Aaron provided insight into the life cycle and performance of venture capital funds and presented a framework for the private equity investment process, from the development of portfolio objectives, through liquidity management, and manager selection. Aaron concluded with a look at the risks involved in venture capital investments. Aaron’s presentation was followed by Rebecca who provided a presentation on venture capital updates for 2021. This presentation covered industry AUM, dry powder, fundraising, deals, and investor appetite.
Panelists: Aaron Filbeck, CFA, CAIA, CIPM, FDP, Director, Global Content Development, CAIA Association, Rebecca Lewis, AVP - Research & Data Operations, Preqin, and Millissa Allen, CAIA, Managing Director, Global Head, Fundamentals of Alternative Investments, CAIA Association
CAIA Association & State Street Associates: Biases in Private Equity Valuations and How to Adjust for Them
Tuesday, September 21, 2021, 11:00 am Time zone: EDT
Description: In this webcast, the CAIA Association and State Street Associates discussed biases in private equity valuations. Private equity funds and portfolio company valuation appraisals are often subject to certain biases, which can lead to a smoothed time series of returns and understated risks if adjustments are not made. This discussion examined some of the common biases and how practitioners can adjust for them.
Panelists: David Turkington, CFA, Senior Managing Director and Head of Portfolio and Risk Research, State Street Associates, Megan Czasonis, Managing Director for the Portfolio and Risk Research team, State Street Associates, and Dmitri Boreiko, PhD, CFA, CAIA, FDP, Assistant Professor of Corporate Finance, University of Bozen-Bolzano
Summer Inflation Series - Session 3: The Fundamentals of Real Assets and a Current Market Update
Wednesday, August 25, 2021, 12:00 pm Time zone: EDT
Description: Many investors are seeking to add assets to their portfolio that can be effective in hedging increasing rates of inflation. Assets that have been considered to hedge inflation risk include equities, real estate, commodity futures, farmland, timberland, inflation-linked bonds, infrastructure, and master limited partnerships. Each of these assets varies in its ability to hedge inflation risks, as well as in the liquidity provisions.
In this webcast, Keith Black, PhD, CAIA, CFA, FDP, Managing Director, Content Strategy at CAIA and Jeffrey Hall, CAIA, Head of International Product at Nuveen, discussed real assets and the current market update. This session was moderated by Millissa Allen, CAIA, Managing Director, Global Head, Fundamentals of Alternative Investments at CAIA.
Panelists: Jeffrey Hall, CAIA, Head of International Product, Nuveen, Keith Black, PhD., CAIA, CFA, FDP, Managing Director of Content Strategy, CAIA Association, and moderated by Millissa Allen, CAIA, Managing Director, Global Head, Fundamentals of Alternative Investments, CAIA Association
Alternative Data for PE – Post Acquisition Value Creation
Tuesday, August 24, 2021, 10:00 am Time zone: EDT
Description: This webcast focused on how alternative data can help private equity firms with post acquisition value creation. Expert speakers from data aggregator Eagle Alpha and data-driven PE fund Growth Curve Capital demonstrated practical examples of how alternative data can be applied to increase the value of portfolio companies.
Panelists: Ronan Crosson, CFA, Director, Data Strategy & Analytics, Tim Kiely, Lead Data Scientist, the Private Equity firm American Securities, and moderated by Monel Amin, Founder and CEO, DiligenceVault
Tokenization: Investment Applications and Technological Considerations co-hosted with CAIA Boston and CAIA Miami
Tuesday, August 17, 2021, 5:00 pm Time zone: EDT
Description: Tokenization could help to democratize multiple asset classes by providing accessibility to more investors, while enabling asset managers to innovate by creating alternative assets tokens, thereby furthering the expansion of their potential product mix. Yet, the applications of the technology are still in the early stages. Chapter co-hosts CAIA Boston & CAIA Miami, along with CAIA CEO Bill Kelly, held a panel discussion on some of the investment applications and technological considerations of tokenized assets.
Panelists: Bill Kelly, CEO, CAIA Association, Frank Downing, Analyst, ARK Investment Management LLC, Hossein Kazemi, Senior Advisor, CAIA Association, Robert Materazzi, Co-CEO, Lukka Inc., and moderated by Jennifer Tribush, Senior Vice President & Global Head of Alternatives Product Solutions, State Street
Upcoming Infoseries
CAIA Association’s 10 Lessons in Finance
Thursday, December 9, 2021, 5:00 pm Time zone: IST
Session 9: Onshoring the Offshore with International Financial Services Centres (IFSC) Authority
Description: This session will provide an update about the maiden International Financial Services Centre (IFSC) in India. The IFSC Authority (IFSCA) has been established in 2020 as a unified regulator for development and regulation of financial services, financial products and financial institutions in the IFSCs in India. The senior officials from IFSCA will provide an overview of the priorities of IFSCA, recent developments and the emerging opportunities at the IFSC, particularly relating to fund management activities. The session will focus on the regulatory framework for Alternative Investment Funds (AIFs) in the IFSC, the benefits for AIFs in the IFSC, steps taken by IFSCA and other authorities to onshore the fund management activities and a brief overview of the ongoing policy reforms with respect to fund management in the IFSC.
Panelists: Arjun Prasad, Deputy General Manager, Manoj Kumar, Executive Director, Mihir Upadhyay, Deputy General Manager, and moderated by Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Friday, December 10 – 5:00pm Time zone: IST
Session 10: Tokenisation
Description: Tokenisation approaches have vast potential for addressing the challenges related to investment in illiquid asset classes, with advantages including:
- improved liquidity
- faster, cheaper transactions
- greater transparency
- broadened access to more investors
While increased liquidity should be generally beneficial, the industry and its regulators must continue to ensure that investors are equipped to understand the quality and risks inherent in each tokenised investment. In this webinar we take a dive into tokenisation of assets with a panel discussion in the second half.
Panelists: Jonathan Cheung, Director, HKbitEX, and moderated by Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Conducting Private Portfolio Attribution Analysis - APAC
Thursday, January 20, 2022, 12:00 pm Time zone: HKT
Description: There are many methods for conducting performance attribution with portfolios containing only liquid assets. A lack of periodic asset return data and a clear definition of what constitutes an appropriate market benchmark thwarts efforts to perform similar types of attribution analyses for portfolios of private equity funds (and other illiquid investments). This presentation will cover a proposed methodology for decomposing private fund portfolio performance in an article, “Private Portfolio Attribution Analysis,” published in the Fall 2021 edition of The Journal of Alternative Investments.
Panelists: Tyler Johnson, CFA, Managing Director, StepStone Group, and Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Past Infoseries
CAIA Association’s 10 Lessons in Finance
Monday, November 29, 2021, 5:00 pm Time zone: IST
Session 1: Private Markets: An Update
Description: Prime advertising airtime is now being purchased by private firms rather than public firms. Still little is known to the general audience about the size, scope, and extent to how big the private markets are! In this webinar, a presentation was provided covering Private Equity and Venture Capital looking at key features across investments size, top deals, volume, cheque sizes, sector focus and more. The presentation also summed up the activity of larger players and looked more closely at the buzz surrounding Unicorns. Finally, our session concluded with a look at exit types and size pointing to the recent trends.
Panelists: Vinoth A, Head of Research, Venture Intelligence, Arun Natarajan, Founder, Venture Intelligence, and Shreekant Daga, CAIA, CFA, FRM, Associate Director, Liaison Office, India, CAIA Association
Tuesday, November 30, 2021, 5:00 pm Time zone: IST
Session 2: The Fundamentals of Venture Capital
Description: In this presentation, Aaron Filbeck discussed Private Equity (PE) investments and also focus on Venture Capital (VC). Aaron shared insight into the life cycle and performance of VC funds and present a framework for the PE investment process, from the development of portfolio objectives, through liquidity management, and manager selection. Our session concluded with a look at the risks involved in VC investments.
Panelists: Aaron Filbeck, CAIA, CFA, CIPM, FDP, Director, Global Content Development, CAIA Association, and Wendy Leung, Assistant Director, External Relations, Asia Pacific, CAIA Association
Wednesday, December 1, 2021, 5:00 pm Time zone: IST
Session 3: Private Investor Insights
Description: The world saw Governments pump some US$14 trillion of fresh capital into markets in 2020. Record inflation numbers have been registered across the globe and a point in instance of 5.4% in the US in both June and July 2021. Asset valuations have been at an all-time high with new metrics being suggested to justify the rationale. Private markets are considered the main street whereas the private investors as the falcon in the sky for spotting opportunities. Join us in this webinar to learn from the vantage of private investors.
Panelists: Hemal Naran, Co-founder, Mkoba Private Equity, Ninad Karpe, Partner, 100X.VC, and moderated by Deepti Sagar, CAIA, Director, Atom Privé Financial Services
Thursday, December 2 – 5:00pm Time zone: IST
Session 4: Special Purpose Acquisition Companies (SPACs) in India
Description: Stock market listing of SPACs is an important technique for raising equity capital. Both listing and fund-raising by SPACs reached all-time records between 2017 to 2021. According to spacdata.com so far in 2021, a record 547 SPAC IPOs in the US have raised nearly US$150 billion. Full-year 2021 SPAC issuance in the US is likely to surpass the record numbers in 2020. SPACs were nearly two-thirds of all US IPOs in 2021. The equity funds raised by SPACs are used to invest in a wide variety of businesses including startups, growth stage enterprises and in new categories. The growth of the SPAC market in the US has had a contagion effect in many markets which are also contemplating the creation of domestic SPAC markets in countries such as India, Singapore and Hong Kong.
Panelists: Vikas Bagaria, Leader, Global Capital Markets Group, Deloitte Haskins & Sells LLP, D Muthukumaran, Chief Financial Officer, Renew Power, and moderated by Arvind Mathur, CFA,FRM, Chairman, Private Equity Pro Partners
View the recording
Friday, December 3 – 5:00pm Time zone: IST
Session 5: Intermediary Insights on PE/VC Transactions
Description: Law of large numbers ensures flattened generalisation which is often not the case for focused private market players. Service intermediaries can provide a distilled test of state of the union since they draw their strength from several focused enterprises. In this webinar we bring together senior industry voices representing experts in the fields of valuation, legal, tax and structuring. Each will share their insights and observations.
Panelists: Rishi Aswani, CFA, Managing Director, Alternative Asset Advisory, Duff & Phelps, a Kroll business, Vidushi Gupta, Partner, Corporate, M&A and Private Equity Practice Group, Khaitan & Co, Tushar Sachade, Partner, Price Waterhouse & Co LLP, and moderated by William Kelly, CEO, CAIA Association
Monday, December 6 - 5:00pm Time zone: IST
Session 6: Cryptocurrencies and Digital Assets
Description: In this presentation, Keith will discuss the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith will explore how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data will be presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets will also be discussed, including regulatory risks, technology risk, and valuation risk.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, and moderated by Shreekant Daga, CAIA, CFA, FRM, Associate Director, Liaison Office, India, CAIA Association
Tuesday, December 7 - 5:00pm Time zone: IST
Session 7: The Case for Liquid Alternatives
Description: Investing is challenging as it is both complex and complicated. Each point requires continuous learning and updating of mental frameworks. Conflicts and contradictions are found everywhere. For example, data from the mutual fund industry shows that most funds fail to outperform their benchmarks, but investors in hedge funds allocate primarily for alpha generation as shown by the latest JP Morgan industry survey. If mutual funds do not generate any alpha, why should hedge funds? Perhaps the assumption is that hedge funds have more flexibility with regards to investing, which provides for a greater opportunity to generate alpha. However, they also charge high fees that directly reduce alpha. Fortunately for investors, many classical hedge fund strategies have become available in low-cost mutual fund and ETF formats, which might represent the best of both worlds.
Panelists: Nelson Lacey, Director of Examinations, CAIA Association, and moderated by Mirjam Dekker, MBA, MS HRD, Project Manager, FDP Institute
Wednesday, December 8 - 5:00pm Time zone: IST
Session 8: Careers in Alternative Investments
Description: The idea of this webinar is to take an academician’s approach to career building advice, observations seen in recruiting patterns, usage of various types of resources (online and off), focus and importance of various types of skill sets (hard / soft / combination) and how to extract the maximum value t from various educational course (MBA, Charters, Certificates, Corporate Training), etc. We have distinguished speakers - both local and global – who will share best practices a young professional should consider to chalk out an ambitious career.
Panelists: Peter Mackay, Assistant Professor of Finance, HKUST, Abhilash Misra, Chief Executive Officer, NSE Academy Ltd., and moderated by Seydina Fall, CFA, Associate Director, CAIA Association
CAIA India Information Session
Tuesday, November 16, 2021, 5:00 pm Time zone: IST
Description: Listen in as CAIA Association’s Managing Director, Asia Pacific, Industry Relations, Jo Murphy, and Shreekant Daga, CAIA, CFA, FRM, Associate Director, India Liaison Office, provided an update on the private equity industry and introduced CAIA Association. Further, Wendy Leung, Assistant Director, Asia Pacific, External Relations, at CAIA Association, had a conversation with CAIA Member, Aswini Bajaj, CEO of Leveraged Growth about his CAIA journey.
Panelists: Jo Murphy, Managing Director, Asia Pacific, Industry Relations, Shreekant Daga, CAIA, CFA, FRM, Associate Director, India, Aswini Bajaj, CAIA, CEO, Leveraged Growth, and Wendy Leung, Assistant Director, Asia Pacific, External Relations, CAIA Association
ESG in Private Markets - Session 3 of a Series: Real Assets – Mitigating the Physical and Transition Risks of Climate Change
Tuesday, November 9, 2021, 12:00 pm Time zone: HKT
Description: ESG is no longer a mere add-on in a portfolio or investment strategy. For an increasing number of investors in alternatives, a thoughtful approach to ESG issues has become table stakes. As the industry continues to define the role of ESG and develop approaches to measure and analyze the effect of these issues on their portfolios, industry professionals must continue to educate themselves about the key trends and developments related to ESG across alternative asset classes. CAIA, in partnership with Nuveen, hosted a thought-provoking webinar series organized exclusively for the benefit of institutional investors across the world. In this third session, we discussed how real assets participants can protect themselves from transition and physical risks associated with climate change.
Panelists: Katie Vaz, Managing Director, Clarion Partners, Suzanne Tavill, Global Head of Responsible Investment, StepStone Group, and moderated by Derek Jun, CFA, CAIA, Head of Investment Risk, Nuveen Real Assets
Cryptocurrencies and Digital Assets - Market Structure, Risks, and Opportunities
Tuesday, November 2, 2021, 12:00 pm Time zone: HKT
Description: In this presentation, Keith Black discussed the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith explored how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data was presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets were also discussed, including regulatory risks, technology risk, and valuation risk.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, and Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Real Estate Market Size
Thursday, September 16, 2021, 4:30 pm Time zone: HKT
Description: Join CAIA Association and MSCI to discuss the key takeaway from MSCI's latest real estate market size report. Find out what were the drivers of the market size changes and which markets have shown the greatest growth, or decline. Gain an understanding of the factors impacting global real estate.
Panelists: Hariharan G G, Vice President, Index Management Research, MSCI, and moderated by Jack Wu, CFA, CAIA, Director, Content, Asia Pacific, CAIA Association
CAIA/AIMA Young Professional Boot Camp - APAC
Monday, August 30, 2021, 8:30 am Time zone: HKT
Session 1: The State of Alternative Investments
Description: The world of alternative investments continues to grow and change. Nearly US$10 trillion in assets have flowed into the alternative investment industry in the last fifteen years. Now alternative investments are starting to show up in mutual funds and ETFs. What might the future hold?
Panelists: Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association, Jack Wu, CFA, CAIA, Director, Content, Asia Pacific, CAIA Association, and Kher Sheng Lee, Managing Director, Co-Head of APAC and Deputy Global Head of Government Affairs, AIMA
Tuesday, August 31 – 8:30am Time zone: HKT
Session 2: Hedge Funds I: Structure, Categories and Biases followed by ESG History, Approaches and Integration
Description: Listen to this insightful discussion on the characteristics of hedge funds and an overview of funds by age, domicile, and concentrations across the hedge fund universe. An overview of environmental, social, and governance investing (ESG) will also be shared, along with the history of ESG investing, and much more.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association, and Kher Sheng Lee, Managing Director, Co-Head of APAC and Deputy Global Head of Government Affairs, AIMA
Wednesday, September 1 – 8:30am Time zone: HKT
Session 3: Career Panel
Description: Listen as this group of experts aim to provide interns with a view to different paths a career in this industry can take. The panel discusses both investment and non investment roles in the hedge fund and private credit industry.
Panelists: Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association, Faith Toh, Head of Business Development, Institutional Sales, Avanda Investment Management, Elliott Shadforth, Partner, Asia-Pacific Wealth & Asset Management Sector Leader, EY, Philip Tye, Director, HFL Advisors, Jun Bei Liu, Portfolio Manager, Tribeca Investment Partners, and moderated by Michael Gallagher, Managing Director, Head of Australia, AIMA
CAIA Association & AIBC: Developments in Private Markets Boot Camp
Tuesday, August 24, 2021, 4:00 pm Time zone: HKT
Session 1: Venture Capital and SPACs
Description: The SPAC wave in the U.S has captured the attention of global financial markets. Different exchanges are exploring ways to offer SPAC listing. What must investors consider when investing into a SPAC? How does SPAC compare against traditional IPO and Private Equity?
Panelists: Jack Wu, CFA, CAIA, Director, Content, Asia Pacific, CAIA Association, Bennett Lee, CFA, CAIA, Investment Director, Velocity Ventures, and moderated by Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Tuesday, August 31 – 4:00pm Time zone: HKT
Session 2: Evolution of Investing in Private Equity
Description: Many investors have moved from investing in Private Equity funds to directly investing in Private Equity. What is driving this trend? What is the investment performance for the investors who have moved into direct PE investing? What are the requisites before considering direct PE investing?
Panelists: Jack Wu, CFA, CAIA, Director, Content, Asia Pacific, CAIA Association, moderated by Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association, and hosted by Wendy Leung, Assistant Director, Asia Pacific, External Relations, CAIA Association
View Recording
Tuesday, September 14 – 4:00pm Time zone: HKT
Session 3: Overview of Tokenisation of Alternative Investments
Description: Appetite for investment into private markets, by a broadening range of investors, is fueling product innovation. Wider adoption of Tokenisation is increasing digital asset creation.
• What’s ahead for this burgeoning sector?
• What are the different types of digital assets?
• How does Crypto compare with Tokenisation?
What is the potential of the new development in Tokenisation? What are some of the success cases? Who are leading the charge in Tokenisation?
Panelists: Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association, Jack Wu, CFA, CAIA, Director, Content, Asia Pacific, CAIA Association, Emmanuelle Pecenicic, Head of Digital Strategy & Head of Digital Asia Pacific, BNP Paribas Asset Management, and hosted by Wendy Leung, Assistant Director, Asia Pacific, External Relations, CAIA Association
The Evolution of Private Equity Fund Value - APAC
Thursday, August 19, 2021, 9:00 am Time zone: HKT
Description: On average, venture capital and buyout funds experience a performance falloff after seven to eight years, while the cross-sectional dispersion amongst them increases. Join the authors of “The Evolution of Private Equity Fund Value”, published in The Journal of Alternative Investments, as they discussed their research findings, which represents the first large-sample analysis of buyout and venture capital fund values over their lifetimes.
Panelists: Jian Zhang, PhD, CFA, Partner, Investment Strategy and Risk Management, Adams Street, Gregory Brown, PhD, Professor of Finance, Director of the Frank Hawkins Kenan Institute of Private Enterprise, University of North Carolina at Chapel Hill, and moderated by Jack Wu, CFA, CAIA, Director of Content APAC, CAIA Association
CAIA Association: The Future of Tokenisation in Alternative Investments Part II
Friday, August 6, 2021, 12:00 pm Time zone: HKT
Description: In this second webinar of our Tokenisation focus series, we explored some of the recent developments on Tokenisation and where the opportunities lie. We also discussed some of the applications of Tokenisation and what promise it holds for alternative assets.
Panelists: Choo Oi Yee, Chief Commercial Officer, ADDX, Laurence Van Der Loo, Executive Director, Technology and Operations, Asia Securities Industry & Financial Markets Association (ASIFMA), and moderated by Jack Wu, CFA, CAIA, Director of Content APAC, CAIA Association
APAC Market Opportunities Overview & Info Session
Friday, May 14, 2021, 12:00 pm Time zone: SST
Description: Listen in on a conversation with CAIA's Managing Director, APAC, Jo Murphy and Director of Content, APAC, Jack Wu on the current market and education's place in this complex environment, whilst keeping you informed of the current market growth alongside where career prospects are within the sector.
Further, as an “Accredited Provider” under the Institute of Banking & Finance (IBF) Standards, CAIA Participants - meeting eligibility criteria – have the option to pursue reimbursable funding for the CAIA Charter. Time was spent touching on this during the discussion too.
Jo and Jack also provided an introduction to the CAIA Qualification in anticipation of the September 2021 exam early bird registration closing on May 17.
Panelists: Jo Murphy, Managing Director, APAC Industry Relations, CAIA Association, and Jack Wu, CFA, Director of Content, APAC, CAIA Association
Upcoming Infoseries
There are no upcoming infoseries in the region at this time.
Past Infoseries
Focus on Africa: Risk and Rewards: The Case for Investing in Africa - Series 2 - Episode 1
Tuesday, October 19, 2021, 3:30 pm Time zone: BST
Description: The African Private Equity and Venture Capital Association (AVCA) and the Chartered Alternative Investment Analyst (CAIA) Association hosted a fireside chat and data presentation on private equity (PE) and venture capital (VC) investing in Africa. William (Bill) J. Kelly, President & CEO of the CAIA Association, and Abi Mustapha-Maduakor, CEO of AVCA, discussed the opportunities and challenges that are shaping the direction of private investment in Africa, including technological and digital innovation, currency risk, and the continent’s demographic dividend. As part of the webcast, AVCA’s CEO presented AVCA's latest research and findings from the 2021 H1 African PE Data Tracker, providing a provisional look at investment, exits and fundraising activity in Africa in the first half of the year.
Panelists: Abi Mustapha-Maduakor, Chief Executive Officer, African Private Equity and Venture Capital Association, and William J. Kelly, Chief Executive Officer, CAIA Association
ESG in Private Markets - Session 1 of a Series: Public to Private Markets
Tuesday, September 28, 2021, 12:00 pm Time zone: BST
Description: ESG is no longer a mere add-on in a portfolio or investment strategy. For an increasing number of investors in alternatives, a thoughtful approach to ESG issues has become table stakes. As the industry continues to define the role of ESG and develop approaches to measure and analyze the effect of these issues on their portfolios, industry professionals must continue to educate themselves about the key trends and developments related to ESG across alternative asset classes.
Listen to CAIA, in partnership with Nuveen, on a thought-provoking webinar series organized exclusively for the benefit of institutional investors across the world. In this first session, we discussed the role of data and disclosure as investor interest moves to private capital. We seek to answer the overarching question: what are some of the lessons public market investors have learned that can be mitigated or avoided in private markets?
Panelists: Debarshi Basu, Director, Head of Quantitative Research, BlackRock Sustainable Investing, Jeff Cohen, CAIA, Director of Capital Markets Integration, Head of Private Investment Initiatives, Value Reporting Foundation, Thomas Hyldahl Filholm Kjærgaard, Head of ESG, Velliv, and moderated by Tulsi Byrne, Director of ESG Integration, Fixed Income, Nuveen
Analyzing Cryptocurrency Fund Performance
Tuesday, June 29, 2021, 12:00 pm Time zone: BST
Description: This session on analyzing cryptocurrency fund performance opens with a keynote presentation by Dr. Daniele Bianchi, during which he shares his findings from his latest paper. His presentation is followed by a panel discussion with Sui Chung, CEO of CF Benchmarks, Bastien Buchwalter, Associate Professor of Finance at SKEMA Business School, and Ken Odeluga, Head of Research and Content at CF Benchmarks. The panel shares insights on performance measurement, benchmarking, and portfolio considerations within the crypto asset space.
Panelists: Daniele Bianchi, PhD, Senior Lecturer, Queen Mary University of London, Sui Chung, CEO, CF Benchmarks, Bastien Buchwalter, Assistant Professor of Finance, SKEMA Business School, and Ken Odeluga, Head of Research and Content at CF Benchmarks
Focus on Africa: Alternative Investment Due Diligence & Manager Selection - Session 5 of a Series
Tuesday, June 15, 2021, 12:00 pm Time zone: UTC
Description: During this webcast we address the story beyond the numbers of the manager selection process both globally and within the African continent. The Africa Rising narrative has been phenomenal for Africa and has led to several transformational developments. Africa continues to attract foreign institutional investors as well as a burgeoning set of local asset owners to the continent. These institutional investors utilize a broad array of alternative investment strategies in order to meet their investment and developmental objectives. We discuss asset allocation trends, evolving alternative investment strategies, and how to assess proper due diligence. In addition, learn the risks an asset owner should take into consideration, and why qualitative factors are as important or more important than quantitative factors in alternative manager due diligence.
Panelists: Keith Black, PhD, CAIA, CFA, FDP, Managing Director, Content Strategy, CAIA Association, and Hemal Naran, CAIA, Partner, Makalani Management Company
Preqin Impact Report on Women in Alternatives: A discussion with CAIA Association
Wednesday, May 26, 2021, 5:00 pm Time zone: GMT
Description: In a follow-up to Preqin’s 2020 study on Women in Alternative Assets, findings show where the biggest advances in female representation are being made, and where there is room for more proactive effort. The data in this report has been sourced from Preqin’s database of more than 200,000 industry professionals to highlight the trends in the workforces of active fund managers and investors. Listen in for a discussion on the highlights from this report and Preqin’s overview of the alternative investments landscape.
Panelists: Shifra Ansonoff, Global Head of Research & Data Operation, Preqin, Paola Bissoli, Co-Head Chapter, Zurich, Director of Business Development, Aberdeen Standard Investments, Puy Carazo, Chapter Executive, Iberia, Head of Wealth Investment Advisory, WM Spain, Elena Koycheva, CAIA, CFA, CIPM, Chapter Head, London, Bluebay Asset Management, and Silvia Writzel, Co-Head Chapter, Germany, Relationship Management, Institutional Clients, Asset Allocation AG. Moderated by Kristina Koutrakos, Chapter Head, Washington DC, Director of Portfolio Strategy, Virginia Retirement System. Opening and closing remarks by Laura Merlini, CAIA, CIFD, Managing Director, EMEA Industry Relations, CAIA Association, and Debbie McLean, Managing Director, Global Relations, CAIA Association.
Africa's Opportunities: Making Money and Delivering Impact - Session 4 of a Series
Tuesday, April 27, 2021, 11:00 am Time zone: UTC
Description: African private markets probably present the premier opportunity for investing to contribute to the UN's SDGs while also creating attractive financial returns. The potential for bringing solutions for the bottom billion, leveraging Africa's mobile infrastructure, is vast and being used by a lively and creative venture community with increasing numbers of later stage opportunities and the emergence of unicorns such as Zipline and Flutterwave. At the same time, larger buyout and growth equity opportunities in sectors such as agribusiness and related logistics, distribution, and financial services companies are creating the potential for delivering impact at scale. Impact potential includes improvements in ESG, job creation, waste reduction, and the benefits of their products, such as fertilizers and other agricultural inputs.
Panelists: Michiel Timmerman, Managing Director, Mbuyu Capital, Rotimi Oyekanmi, Partner, Apis Partners, Tom Mason, Managing Director, Dudutech, Tracey Turner, Founder, Copia Global, and Borja Pujalrás Ortuño, CAIA, MFIA, Eurocapital Wealth Management
Real Estate in Africa: The Next Boom? - Session 3 of a Series
Wednesday, March 24, 2021, 1:00 pm Time zone: GMT
Description: Real estate in Africa has been one of the most important investments and stores of value for local investors for decades. There are many historical and cultural significances to land on the continent and we are going to explore African real estate as an investable asset class for international investors and asset managers. In this webcast focused on African Real Estate moderated by Adam Camenzuli, CFA, CAIA, Dr. Laila Macharia, Caroline Armstrong-Ogwapit, and Nimeet Dodhia share insights from their combined experience highlighting African real estate as an investable asset class.
Panelists: Adam Camenzuli, CAIA, CFA, Founder, Nyum.ba, Dr. Laila Macharia, Non-Executive Director, Centum Investment Company , Nimeet Dodhia, Founder and CEO, Butterfly Properties Limited, and Caroline Armstrong-Ogwapit, Non-Executive Director, National Housing Corporation (Kenya)
Focus on Africa: Investing in African Art - Session 2 of a Series
Wednesday, February 24, 2021, 12:00 pm Time zone: GMT
Description: African Art has been one of the developing segments at auctions over the past 15 years. From a historic focus on traditional African art, the interest over the past few years has shifted to modern and contemporary. With all the recent interest in African art, is now the time to invest? If so, where should interested collectors start? What is the best way to gain an understanding of the African art market? Where do collectors buy and sell? What are the upside and risks of investing in African art? In this webcast Serge Tiroche, interviewed by Christine Bourron, shares insights from his experience building a private collection, focused on contemporary art from across Africa and the diaspora.
Panelists: Christine Bourron, CEO, Pi-eX, and Serge Tiroche, Founder, Africa First
European Green Deal & Implications for the Real Estate Sector
Thursday, February 4, 2021, 6:00 pm Time zone: CET
Description: The European Green Deal (EGD) is paving the way for stricter regulations and targeted measures towards a zero-carbon economy. The real estate sector is an integral part of the EGD by prioritizing on existing buildings, which generate circa 40% of total energy consumption and 36% of total greenhouse gas emissions in the EU. The goal is to kick-start a major Renovation Wave across Europe focusing on improving the sustainability levels of buildings in line with the principles of circular economy. Despite the overall excitement about the potential benefits of EGD, the implications for the real estate sector are still unclear.
This webcast focuses on ESG and real estate investing. Senior professionals share their views on the potential impact of EGD on different real estate stakeholders such as local governments, real estate owners / investors with special focus on REITs, tenants, developers and lenders.
Panelists: Christos Angelis, CAIA, Director, Masterdam and Chapter Head of CAIA Netherlands, and Jana Bour, EU Policy Manager, EPRA, and Laura Merlini, CAIA, CIFD, Managing Director, EMEA Industry Relations, CAIA Association
The African Infrastructure Paradox: Opportunities and Challenges - Session 1 of a Series
Thursday, January 21, 2021, 1:00 pm Time zone: GMT
Description: Economic development in Africa is limited by the availability and quality of key infrastructure, including road and rail transportation, energy and water. Closing this infrastructure gap is paramount to a bright future for the African economy and making it more attractive to investment capital in diverse industries. Our expert panelists took a look at what lies ahead for the savvy investor in Africa, the role of private players and how they, together with the public sector, are shaping the future of the continent.
Panelists: Soraya Mellali, Senior Strategic Advisor, former Executive Director of the African Development Bank Board, Guillaume Arditti, Founding Partner, Belvedere Africa Partners, Tariye Gbadegesin, Managing Director and Chief Investment Officer, ARM Harith Infrastructure Fund Managers, Marie-Therese Laguerre-Ndiaye, Head of Operational Support - Business Driven Innovation Strategy and Innovation Department, Veolia, and Kawtar Raji-Briand, Of Counsel, ASAFO & CO. Bill Kelly, CEO, CAIA Association, Amanda Pullinger, CEO, 100 Women in Finance, offered introductory remarks.
Upcoming Infoseries
Turn Text into Alpha - NLP Sentiment Thought Leadership
Thursday, December 9, 2021, 12:00 pm Time zone: EST
Description: Join Dan Joldzic, CEO & Quantitative Research, from Alexandria Technology for a discussion of natural language processing (NLP). NLP techniques can be used to analyze a variety of data sources, including news reports, company regulatory filings and earnings calls, as well as posts on social media sites such as Reddit. The output from these models can be used for stock selection with varying time horizons and degrees of alpha capture. This data can also be used to analyze sentiment regarding the ESG footprint of both public and private companies. Formal remarks of the presentation will last approximately 45 minutes, with 15 minutes for Q&A.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, FDP Institute, and Dan Joldiz, CFA, FRM, CEO, Alexandria Technology
Past Infoseries
Cryptocurrencies and Digital Assets - Market Structure, Risks, and Opportunities
Tuesday, November 2, 2021, 12:00 pm Time zone: HKT
Description: In this presentation, Keith Black discussed the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith explored how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data was presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets were also discussed, including regulatory risks, technology risk, and valuation risk.
Panelists: Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, and Jo Murphy, Managing Director, Asia Pacific, Industry Relations, CAIA Association
Practical Machine Learning in Asset Management: Manager Selection and Valuing the Secondary Sale of Private Assets
Tuesday, November 2, 2021, 12:00 pm Time zone: EDT
Description: Listen in as Lydia Ofori, CFA, CAIA, Adam Duncan, and Keith Black, PhD, CFA, CAIA, FDP discuss how machines are interfacing with humans to effect manager selection and private asset secondary sales. The webinar discusses key questions that sit across technology and finance:
• Can machines actually uncover hidden patterns that escape the human eye and emotions?
• How would the interface between technology applications enhance our ability to pick the best managers and companies?
• What are the limitations on artificial intelligence and other machine learning based models that are most likely to hinder or interrupt results?
• Can AI be used to expedite the secondary sale of private assets?
Panelists: Lydia Ofori, CFA, CAIA, Founder & CEO, Hunter Labs Tech, Adam Duncan, Head of Investment Science Unit, Cambridge Association LLC, and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, FDP Institute
Introducing a New Hedge Fund Dataset
Thursday, May 6, 2021, 10:00 am Time zone: EDT
Description: How to use a hedge fund database, based on open-sourced hedge fund return and how to gain access to the data and a slew of interesting examples. How do you efficiently clean and manage semi-structured data? Alex and Linus will demonstrate with examples based on factor analysis, correlations, and dispersions and explain why they probably should have picked a different programming language.
Panelists: Linus Nilsson, Founder, NilssonHedge, Alex Lostado, Quant Analyst, NilssonHedge and Brandon Kremer, Portfolio Manager, Heximer Investment Management
FDP Institute Information Session October 2021 Exam
Wednesday, May 5, 2021, 10:00 am Time zone: EDT
Description: There's never been a more crucial time to stand out. The transformative effect of data science on the finance industry requires today's finance professionals to understand the application of big data, data mining, workflow automation and machine learning in investment decisions. The Financial Data Professional Institute (FDPI), has designed a self-study program to provide financial professionals with an efficient path to learn the essential aspects of financial data science. The Financial Data Professional (FDP) is a global designation for investment professionals with data science skills.
Panelists: Mehrzad Mahdavi, Executive Director, FDP Institute, Hossein Kazemi, Ph.D., CFA, Senior Curriculum Advisor, FDP Institute, and Aaron Filbeck, CFA, CAIA, CIPM, FDP, Director, Global Content Development, CAIA Association
Alternative Data and Collective Intelligence Investing: Risks of Adoption
Monday, March 8, 2021, 11:00 am Time zone: EST
Description: Over the last five years, the volume of information available to all has skyrocketed, leading to increased investor interest in alternative data or crowdsourced investment strategies. While opportunities for added value may be present, adoption also comes with a number of risks, both for early and late adopters. This webcast highlights readings from the 2021 Financial Data Professional (FDP) curriculum.
Panelists: Doug Dannemiller, Research Leader, Deloitte, Sean Collins, Research Manager, Deloitte, and Aaron Filbeck, CFA, CAIA, CIPM, FDP, Director, Global Content Development, CAIA Association
FDP Institute - Candidate Orientation
Wednesday, March 3, 2021, 1:00 pm Time zone: EST
Description: Please join us for the FDP Candidate Orientation Session. This webinar will feature members of the FDP Curriculum Team as well as Candidate Relations. The following topics will be discussed:
- Curriculum Materials
- Exam Format
- Review of Exam Topics
- Available Resources
Panelists: Mehrzad Mahdavi, Executive Director, FDP Institute, Hossein Kazemi, Ph.D., CFA, Senior Director of Curriculum, FDP Institute, and Aaron Filbeck, CFA, CAIA, CIPM, FDP, Director, Global Content Development, CAIA Association
Data Science for Jobs of the Future
Thursday, February 11, 2021, 10:00 am Time zone: EST
Description: Panelists explain what is essential for people at various job-levels to know about data science
- Opening by Mehrzad Mahdavi (executive Director FDPI)
- Panelists explain what is essential for people at various job-levels to know about data science
- Javed Ahmed profiles the Review Course
- Kaplan profiles executive training seminars in Data Science
- Opportunities to engage with FDP and CAIA communities
- Q&A
Panelists: Javed Ahmed, Senior Data Scientist, Metis Kaplan, and Mehrzad Mahdavi, Executive Director, FDP Institute
Rick Roche Discusses the Evolution of Machine Learning in Investment Strategies
Tuesday, February 9, 2021, 11:00 am Time zone: EST
Description: "The Evolution of Machine Learning (ML) in Investment Strategies" is an insider’s look into the opaque world of AI/ML-powered investing strategies. The presenter will separate fact from fiction and hype from reality. After a cursory Overview of AI/ML origins and widespread adoption, you'll hear how leading-edge asset managers are deploying machine learner algorithms and alternative investment data (Alt-Data) to monetize differentiated sources of potential alpha. Although machines have not taken over Wall Street (not yet, anyway), the audience will be surprised to learn just how advanced algorithmic investing is being deployed and its potential disruptive effects on the asset management industry.
The presenter reveals some of the largest practitioners/pioneers of AI/ML-powered investing and emerging players. Increasingly, asset managers combine human and machine intelligence in AI/ML-driven strategies fueling a virtual arms-race for scarce talent. Finally, the presenter will speak about the danger of complacency and the need to commit to lifelong learning and development.
Panelists: Rick Roche, CAIA, Managing Director, Little Harbor Advisors LLC, and Aaron Filbeck, CAIA, CFA, CIPM, FDP, Director, Global Content Development, CAIA Association
FDP Institute - Remote Proctor Testing with Prometric
Thursday, January 14, 2021, 8:00 am Time zone: EST
Description: Join us for a webinar with Blayne Fox, Client Success Manager at Prometric. Blayne will share best practices for the Remote Proctored Exam Day on April 18 or 19, 2021. To ensure we meet your expectations: Please share your questions upon registration.
Panelists: Blayne Fox, Client Success Manager, Prometric, and Mirjam Dekker, Project Manager, FDP Institute
FDP Institute Information Session
Wednesday, January 6, 2021, 11:00 am Time zone: EST
Description: The Financial Data Professional Institute (FDPI), founded by CAIA Association, was created to address the growing need in finance for a workforce with the skills to perform in a digitized world where an increasing number of decisions will be data and analytics-driven. FDPI Executive Director Mehrzad Mahdavi, Sr. Curriculum Advisor Hossein Kazemi, and FDP Charterholder Keith Black share how you can obtain your Financial Data Professional credential. Hossein discusses the updated curriculum and Keith Black shares strategies and tools like the sample questions on how to best prepare for your exam.
Panelists: Mehrzad Mahdavi, Executive Director, FDP Institute, Hossein Kazemi, Ph.D., CFA, Senior Director of Curriculum, FDP Institute, and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association