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CAIA Miami Educational Event featuring Alexander Ineichen on Nowcasting
Date(s):
February 22, 2017
Note: All times listed are in local time
Venue:Conrad Miami
1395 Brickell Avenue
Miami, FL 33131
Fee(s):This event has a fee
Description:CAIA Miami Educational Event The CAIA Miami Chapter is pleased to invite you to an exclusive educational opportunity featuring CAIA Board Member, Alexander Ineichen on February 22, 2017. "Nowcasting: Nowcasting is to forecasting what astronomy is to astrology" 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. Agenda
5:00 PM Registration
5:30 PM Presentation
6:15 PM Reception
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Alexander Ineichen
Job Title: Founder
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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