Chicago Johannesburg London Portland Princeton San Francisco Stamford Tokyo Toronto WashingtonNew York Meeting: Equity Markets & ETFs
Tuesday, July 21, 2009 - 5:30pm
Patrick Conway's Pub & Restaurant, 40 E 43rd St (between Madison & Vanderbilt), NY, NY
Speakers:
Mary Ann Bartels, Merrill Lynch US Equity Strategist
C. Michael Carty, New Millennium Advisors
Time: 5:30 PM – 8:15 PM
Venue: Patrick Conway's Pub & Restaurant (downstairs), 40 E 43rd St (between Madison & Vanderbilt), NY, NY.
Admission:
$30 for Paid-Up Members of QWAFAFEW-NYC in 2009; $40 for members of PRMIA, SQA, CQA, CAIA, any CFA society, and/or unemployed business grad students; $50 for all other RSVPs
To RSVP: Please send an e-mail nyc@qwafafew.org and put date of the event you wish to attend in Subject Line along with the names, phone numbers, Organization Names, e-mails, and membership status for all attending.
ONLY cash or check (to QWAFAFEW) can be accepted. NO PLASTIC. Paper receipts are available upon request. NYC Membership Dues for 2009 are still just $50.
QWAFAFEW - NYC Chapter, e-mail: nyc@qwafafew.org website: www.qwafafew.org/New York Chapter; Administrator: Moira Hand, moira727@yahoo.com
Please send checks for Membership Dues to:
Herb Blank, QWAFAFEW Steering Committee c/o Rapid Ratings International, 7th Floor
86 Chambers Street, NY, NY 10007, hblank@qwafafew.org; (917) 992-7852 To get on Mailing List: transfer the following to your browser and click http://www.qwafafew.org/phplist/public_html/lists/?p=subscribe
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AGENDA
5:30 - 6:10 Registration, Networking, and Refreshments
6:10 - 6:15 Chapter Business
6:15 - 7:00 Presentation 1 – Mary Bartels, Lynch US Equity Strategist- The equity markets: past, present and future
A technical/structural review and explanation of what happened to the equity markets in 2008
What will be the role of Hedge Funds
How will they impact the equity market - if at all?
Will quant models regain their appeal?
What hedge funds own versus what they don't
Outlook for the equity, bond and commodity markets for 2009 and beyond
7:00 - 7:15 Break - More Networking & Refreshments
7:15 - 8:00 Presentation 2 – C. Michael Carty, New Millennium Advisors - Taking Out the Trash - Which ETFs Don’t Work and Why?
A whole new world of investment opportunities opened up for investors with the introduction of ETFs, which offer significant advantages over individual securities and traditional mutual funds. As investors' interest in ETFs grew, so did their number and variety. But, has the luster faded with the recent failures of many ETFs? Do these failures portend their growth has hit its limit. Or, can these failures be attributed to an avoidable compounding of mistakes and unanticipated changes in the ETF marketplace?
- Recent wrecks cluttering the ETF highway
- Anatomy of a Murder/Suicide
- Design Mistakes, or “Alice in Blunderland”
- Demise of the Specialist System
- Defining a New ETF Business Model
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Mary Ann Bartels is Chief U.S. Market Analyst and head of the U.S. Technical and Market Analysis team within the Investment Strategy Group. She brings over 20 years of investment experience to this role and is well known by clients and business partners for developing various proprietary models for equity pairs trading and for her sector, industry and stock selection. Mary Ann is also known for her extensive work on Hedge Funds. Mary Ann is the lead analyst on research publications such as Market Analysis Comment, Hedge Fund Monitor and Monthly Chart Portfolio of Global Markets. Mary Ann rejoined Merrill Lynch in 1999 working with the European Quantitative Strategy Team, and she became head of Global Equity Trading Research Strategy in 2001. Previously, Mary Ann served as a portfolio manager at both Batterymarch and Avatar/Zweig Associates.
Mary Ann has been voted to the Institutional Investor All-American Research team for the past three years and was awarded 2nd place in 2008. Mary Ann earned Bachelor of Science and Master of Arts degrees in Economics from Fordham University. She has been kind enough to grace QWAFAFEW with her presence as a speaker nearly every year since 1998 and we welcome her once again with grateful and open arms.
C. Michael Carty is president and co-founder of the New York chapter of QWAFAFEW, a member of the steering committee since inception, and former treasurer. He has previously made QWAFAFEW presentations on Style Analysis, a Comparative Analysis of Large Cap Indexes, Resampled Efficient Optimization, Portfolio Rebalancing, and Emerging Trends in the ETF Marketplace. He day job is principal and founder of New Millennium Advisors, LLC, an active investment management firm using proprietary quantitative disciplines to manage pension plans and individual accounts which often utilize ETFs. He also served as an expert witness in a high profile patent infringement case involving ETFs. He has authored or co-authored over two dozen articles on a variety of investment subjects, and is a frequent conference speaker; e.g., Capital Link, Dow Jones, FOW, FPA, II, IIR, IMN, NAPFA, Opal, and SRI.
Other Upcoming Events:
Baruch Intensive six-day course on Advanced Risk and Portfolio Management
August 17-22 2008, New York http://www.baruch.cuny.edu/math/arpm2009/
The course, taught by Attilio Meucci and hosted by the Baruch College Financial Engineering MS Program, grants 40 CE credits for CFA Institute members and a proctored exam and certificate, to reassure potential sponsors that their resources have absorbed the content of the course. The course covers all aspects of quantitative risk and portfolio management from the foundations to the newest developments:
August 17-22 2008, New York http://www.baruch.cuny.edu/math/arpm2009/
The course, taught by Attilio Meucci and hosted by the Baruch College Financial Engineering MS Program, grants 40 CE credits for CFA Institute members and a proctored exam and certificate, to reassure potential sponsors that their resources have absorbed the content of the course. The course covers all aspects of quantitative risk and portfolio management from the foundations to the newest developments:
- Multivariate statistics and stochastic processes
- Market modeling
- Multivariate estimation in non-normal markets
- Pricing
- Generalized risk decomposition
- Advanced portfolio management techniques
The most advanced statistical and optimization techniques are thoroughly explained in theory and visualized in practice with live MATLAB examples
A special price of US $950 ($350 less than regular price) for six days, including the book Risk and Asset Allocation - Springer Finance, course slides, and software, is available for QWAFAFEW subscribers, in addition to special group rates.
Audience: Buy-side professionals (portfolio managers and risk managers with solid quantitative background), Sell-side professionals (traders, financial engineers, quantitative analysts, research teams) , Academics and students For the detailed program, more information, and to register, please visit http://www.baruch.cuny.edu/math/arpm2009/ Email contact: arpm09@baruch.cuny.edu
Audience: Buy-side professionals (portfolio managers and risk managers with solid quantitative background), Sell-side professionals (traders, financial engineers, quantitative analysts, research teams) , Academics and students For the detailed program, more information, and to register, please visit http://www.baruch.cuny.edu/math/arpm2009/ Email contact: arpm09@baruch.cuny.edu
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Future QWAFAFEW-NYC Meetings (all Tuesdays unless otherwise indicated)
Wed Aug 19th, 2009 - To be announced shortly
Sep 22nd, 2009 Ian Domowitz, ITG and Jennifer Bender, MSCI Barra
Oct 27th, 2009 - Dan DiBartolomeo, Northfield Information Systems & Jason MacQueen, Alpha Strategies
Nov 17th, 2009 – Matthew Rothman, Barclays Capital & Donald Alexander, RSD Solutions and Adjunct Professor, New York University
Wed, Dec. 9, 2009 – Diane Garnick, Equity Strategist, INVESCO and Herbert Blank, Rapid Ratings International
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ABOUT QWAFAFEW [quaff- a -few], the Quantitative Alliance For Applied Finance Economics & Wisdom, is an informal professional association with chapters in various states of functionality throughout the globe. A typical QWAFAFEW meeting includes topics of discussion on quantitatively oriented investment industry issues along with the opportunity to network, relax, and enjoy libations. Please visit www.qwafafew.org to learn more about the organization, its resources, and the events held by our many chapters. Our dress code, rules of “etiquette” and everything else are strictly casual.
Members of linked-in are welcome to join Herb Blank’s QWAFAFEW networking group on that site. The URL is http://www.linkedin.com/e/gis/59644/530E700BF98A; Recruiters, Human Resource professionals, and job-seekers are highly encouraged to use the Jobs Board on this site. if you have not been permissioned in advance, please e-mailhblank@qwafafew.org.
A concerted effort is being made to launch a QWAFAFEW Chapter in Dallas-Fort Worth in October. Other efforts continue for LA Metro, Princeton, and London. If you or a friend to whom you pass this on is interested in helping in any of these efforts, or if you wish to explore the potential of starting a chapter somewhere else, please contact Herb Blank at hblank@qwafafew.org. Also, e-mail hblank@qwafafew.org if you need help getting in touch with our other active chapters in Boston, Chicago, Denver, DC, Hartford, San Francisco, Sao Paolo, Toronto, and Vancouver.
