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CAIA Zurich in Liechtenstein: Educational Event on Nowcasting
Date(s):
June 22, 2017
Note: All times listed are in local time
Venue:VP Bank AG
Aeulestrasse 6
Vaduz, 11 9490
Fee(s):Free Event
Description:Many investors are hooked on forecasts...which according to some, is essentially guesswork. Join Alexander M. Ineichen, founder of Ineichen Research and Management, AG and CAIA Board Member, along with the CAIA Association in Liechtenstein for an exclusive Member event as he shares his research on "nowcasting" and the imprecision of forecasting for decision making in finance.
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CAIA Association in Liechtenstein Educational Event
Thursday, June 22, 2017
Featuring Alexander Ineichen on Nowcasting
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Registration is required for this event and space is limited.
Benjamin Graham once said: "The essence of investment management is the management of risks, not the management of returns." This presentation's main objective is to share some ideas and tools that make the risk management process more pragmatic and the investment decision-making process more robust.
Alexander Ineichen, founder of IR&M, has spent the last couple of years focusing his research on how investors can use "nowcasting" (as opposed to forecasting) in relation to risk management. The risk management research was designed to improve investment decision-making using fact-based criteria, rather than opinions and forecasts. The basic premise is the idea that long-term success is dependent on survival and avoidance of large losses, i.e., the management of risk, not returns.
Nowcasting is the economic discipline of determining a trend or a trend reversal objectively in real time. Nowcasting is fact-based, focuses on the known and knowable, and therefore avoids forecasting. In his presentation, Alexander will claim that nowcasting is the basis of a robust decision-making process. The presentation will further elaborate on how various forms of momentum can help with risk management. Alexander will show three types of momentum (macro, earnings,and price momentum) and demonstrate how these measures can provide signals that can initiate a thought process; thus help provide preserving wealth or heighten an investor's conviction in a given trend.
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| Agenda |
| 6:00 PM Admittance |
| 6:30 PM Introduction by Wolfdieter Schnee, Client Advisor Fund Structuring |
6:40 PM Presentation by Alexander M. Ineichen, founder of Ineichen Research and Management AG
7:20 PM Questions & Answers
7:30 PM Aperitif
9:00 PM Door Closing
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| Speaker: |
Alexander M. Ineichen, CAIA Board Member
Founder of Ineichen Research & Management |
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This event is generously sponsored by:
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Alexander Ineichen
Organization: Ineichen Research and Management
Alexander M. Ineichen is founder of Ineichen Research and Management AG, a research boutique established in October 2009 focusing on absolute returns, risk management and thematic investing. Alexander started his financial career in derivatives brokerage and origination of risk management products at Swiss Bank Corporation in 1988. From 1991 to 2005 he had various research functions within UBS Investment Bank in Zurich and London relating to derivatives, indices, capital flows and alternative investments, from 2002 in the role of a Managing Director. From 2005 to 2009 he was in the investment committee of Alternative Investment Solutions, a fund of hedge funds within UBS Global Asset Management. Alexander is the author of “In Search of Alpha―Investing in Hedge Funds” (October 2000) and “The Search for Alpha Continues―Do Fund of Hedge Funds Add Value?" (September 2001). These two white papers were the most often printed research publications in the documented history of UBS. He is author of two books: "Absolute Returns―The Risk and Opportunities of Hedge Fund Investing" (Wiley Finance, October 2002) and “Asymmetric Returns―The Future of Active Asset Management” (Wiley Finance, November 2006). Alexander has also written several research pieces pertaining to equity derivatives and hedge funds and contributed to several chapters to financial books. In 2008 he wrote "AIMA’s Roadmap to Hedge Funds" which was at that time the most often downloaded document from AIMA's website. A completely revised second edition was published in 2012. Alexander holds a Bachelor of Science in Business Administration with Major in General Management from the Universities of Applied Sciences in Business Administration in Zurich (HWZ), Switzerland. Alexander also holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations and is a certified Financial Risk Manager (FRM). He is on the Board of Directors of the CAIA Association.
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