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CAIA Netherlands Educational and Networking Session with Keith Black and Simon Savage
Date(s):
November 17, 2017
Note: All times listed are in local time
Venue:De Nieuwe Poort
Claude Debussylaan 2 Amsterdam, 1082 MD
Fee(s):Free Event
Description:
Join us for an educational and networking session with two top speakers in the alternative investments space.
Keith Black, Managing Director, Curriculum & Exams of CAIA
Portfolio Diversification Revisited: Lessons Learned from Previous Cycles
In a crisis, do all correlations converge to one? No! While the correlations of short volatility, convergent strategies
do rise substantially in a crisis, there are a number of assets that can rise in value during a crisis. Assets showing the ability to hedge tail risk during times of crisis include sovereign debt, macro hedge funds, managed futures strategies, equity index put options and some form of volatility arbitrage.
Simon Savage, portfolio manager on Man Group’s Alternative Risk Premia strategies.
Alternative Risk Premia
Simon will investigate the economic foundation of alternative risk premia; he will investigate what is driving the
observed wide dispersion of returns from similar sounding strategies; explore the relevance of systematic investing expertise to profitable ARP solutions; and demonstrating why the resulting return properties are making these strategies so popular.
Agenda
Registration: 14:30
Keith Black: 15:00
Simon Savage: 16:00
Drinks & Canapes at 17:00
Location:
De Nieuwe Poort
Claude Debussylaan 2
1082MD Amsterdam
Please note we have a limited capacity of 25, so please register quickly.
This event was made possible by

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Keith Black
Organization: CAIA Association
Keith Black has over twenty-five years of financial market experience,
serving approximately half of that time as an academic and half as a trader
and consultant to institutional investors. He currently serves as Managing
Director of Curriculum and Exams for the CAIA Association. During his most
recent role at Ennis Knupp + Associates, Keith advised foundations, endowments and pension
funds on their asset allocation and manager selection strategies in hedge funds, commodities,
and managed futures. Prior experience includes commodities derivatives trading, stock options
research and CBOE floor trading, and building quantitative stock selection models for mutual
funds and hedge funds. Dr. Black previously served as an assistant professor and senior lecturer
at the Illinois Institute of Technology.
He contributes regularly to The CFA Digest, and has published in The Journal of Wealth
Management, The Journal of Trading, The Journal of Investing, and The Journal of Alternatives
Investments, among others. He is the author of the book “Managing a Hedge Fund,” as well as
co-author of the 2012 and 2015/2016 second and third editions of the CAIA Level I and Level II
textbooks. Dr. Black was named to the Institutional Investor magazine’s list of “Rising Stars of
Hedge Funds” in 2010.
Dr. Black earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD
from the Illinois Institute of Technology. He has earned the Chartered Financial Analyst (CFA)
designation and was a member of the inaugural class of the Chartered Alternative Investment
Analyst (CAIA) candidates.
Dr. Black is available to speak on the following topics. Most presentations are less technical talks
for a general audience, while those on VIX, smoothing, and hedge fund replication are
advanced talks for more technical audiences
Simon Savage
Job Title: Portfolio Manager
Organization: Man Investments, Inc.
Simon Savage is Portfolio Manager of Man Group’s Risk Premia product range, based in London, and a member of the Man Solutions (‘MSL’) Portfolio Committee. Previously, Simon worked within the Man GLG (‘GLG’) business unit. In 2004, Simon joined GLG Partners to focus on active risk management in the Equity Long-Short business, blending his technical skills with the subjective decision making processes of human alpha generation and rising to be Co-Manager of the European Long Short strategy in 2010. Prior to this, Simon was at Morgan Stanley from 1997 heading up their European risk program trading operation, coming from Bear Stearns where he worked from 1994 to start their European portfolio trading business. Simon graduated from Oxford University in 1990 with a BA in Physics and started his career in finance in the equity derivatives team of Nomura focusing on the quantitative aspects of equity trading and risk management.
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