CFA San Francisco

Event Detail

ETF School 400: Application of ETFs and Structured Passive Strategies in Practice

This event is closed for registration

Date:

11/13/12

Time:

9:30 AM - 1:30 PM

Member Cost:

$45.00

Nonmember Cost:

$70.00

CFASF Review Student Cost:

$45.00

This event is sponsored by PowerShares and Bloomberg.
Price includes lunch.

Refund Policy:

Cancellations must be received no later than November 11, 2012 to receive a refund. To cancel a registration, send an email to meetings@cfasanfrancisco.org

Location:

San Francisco City Club

Address:

155 Sansome Street, San Francisco

Speaker(s):

Ted Lucas, Managing Partner, Lattice Strategies Paul Touchstone, CFA, Managing Director, Fort Point Capital Parnters Ran Leshem, Head of Portfolio Management and Operations, Aperio Group Matt Hougan, Managing Director, IndexUniverse

Chair(s):

Paul Morelli, CAIA and Dorian (Randy) Young, CFA, CAIA

Event Description:

For the grand finale of the ETF School Mini-Series, we move out of the classroom into the Financial District for a special 4-hour joint event with the SF Financial Planning Association (FPA) to see ETFs in action by practitioners. With the proliferation of ETFs, rules-based liquid alternatives, and new indexing strategies, the promise of actively structured passive portfolios has been realized. The liquidity, transparency, superior diversification, tax efficiency, and flexibility of these portfolios have considerably raised the bar on traditional alpha-centric methods of adding value to client portfolios. The San Francisco Bay Area is the home of many of the leaders of this revolution. This special program will feature three local firms whose integrated presentations will be moderated by Matt Hougan. All three firms offer solutions that are accessible both to advisors and individuals. Ted Lucas will present on how to construct deeply integrated, robust, and fully liquid portfolios that are optimized to multiple measures of risk, a process that starts with much finer building blocks than the traditional asset classes, and ends with functional sleeves that are intuitive to the advisor and lend themselves to robustly customized solutions. Paul Touchstone will discuss how to use an ETF portfolio as a base for a risk-controlled and integrated harvesting of diverse sources of return; such as the innovation of an ETF options overlay that reduces volatility and path dependency, makes rebalancing more efficient, and increasing diversification; as well as extracting additional value through securities lending, tax loss harvesting, and structural optimization at the custodian level. Ran Leshem will present on how to design and implement fully customized indexes that can integrate thematic beta, custom screening, and tax loss harvesting optimization, going beyond the boundaries of what is possible with pure ETF portfolios.

About Our Speakers:
Ted Lucas, Managing Partner, Lattice Strategies Lucas was formerly Managing Director of MCP Chess Group LLC, an investment group based in San Francisco, and also served on the Board of Directors of Chess Venture Partners, a private investment firm focused on financial services and financial technology companies. Previously, Mr. Lucas was a Director of Mint Investment Management LLC, a firm specializing in multi-asset class strategies in the equity, fixed-income, currency and commodity markets.Mint is an affiliate of Man Group PLC, one of the largest alternative investment groups in the world, with over $60 billion in assets under management. Previously, Mr. Lucas was Head of U.S. Strategy for Barclays Capital. He currently serves on the board of New Door Ventures, a non-profit organization providing jobs and job training to at-risk youth in San Francisco. Mr. Lucas holds a BA from Gordon College.

Paul Touchstone, CFA, Managing Director, Fort Point Capital Parnters Paul is a Managing Director at Fort Point Capital Partners. Previously, Paul was the Senior Investment Strategist and Portfolio Manager with Stone & Youngbergs Asset Management Group. His background includes international portfolio management, global macro-economic analysis, fixed income, currency, and alternative investment strategies. Prior that, Mr. Touchstone was the Vice President and Portfolio Manager for the First Bank Wealth Management Group in San Francisco, California where he was responsible for advising high-net worth individuals and managing their investment portfolios. He also served on First Banks investment committee, responsible for $3 billion in assets under management. Before that, Mr. Touchstone served as Director of Operations and International Equity Analyst for Schroeder Capital Management, a registered investment advisor in Lafayette, California specializing in global equity portfolio management. Mr. Touchstone holds a Bachelor of Arts degree in business with a minor in computer science from Western State College in Colorado. He serves on the Board of Directors and Chairs the Finance Committee for the San Francisco-based charitable organization Edgewood Center for Children & Families.

Ran Leshem, Head of Portfolio Management and Operations, Aperio Group Ran Leshem is Head of Portfolio Management and Operations. He oversees the portfolio management and operations of Aperios US, Foreign, and Global products. Ran has extensive expertise in applying quantitative techniques and information technology to complex operational problems. Ran received a Bachelor's degree in Mathematics from the University of Waterloo, Canada, where he received the Hewlett Packard Award for academic excellence and his MBA from U.C. Berkeley.

Matt Hougan, Managing Director, IndexUniverse Matt is managing director of ETF analytics for Index Publications, editor of the Exchange-Traded Funds Report, and senior editor of the Journal of Indexes. Expert on ETFs, Hougan is regularly quoted in the Wall Street Journal, Barron's, Investor's Business Daily, Fortune, Forbes, TheStreet.com, MarketWatch.com and the Associated Press. He is a regular guest on CNBC, where anchor Bob Pisani refers to him as the "Master of All Things ETF." He was recently named one of the 25 most influential people in the ETF industry by ETF Database. Prior to joining Index Publications, Hougan ran his own strategic communications firm, providing PR and speechwriting services to Fortune 500 companies, U.S. and foreign governments agencies (including the Federal Reserve) and select nonprofits. He was previously the lead biotech analyst for MetaMarkets.com, a pioneering financial services firm that managed the world's first fully transparent, actively managed mutual fund, Open Fund. Hougan is a 1998 graduate of Bowdoin College

Other Information:

As an approved provider in CFA Institute's Continuing Education Program, CFASF has determined that this program qualifies for 3.0 hours of continuing education credit for CFA Charterholders.

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