Investment Manager Searches - Looking beyond historical performance to identify skill

November 20, 2014 11:45 AM to 1:30 PMCasino Nova Scotia, Halifax, Nova Scotia
Area of Interest: Investments Format: In Person
Cancellation Policy

When selecting an investment manager, what should investors look for beyond historical returns? Is it possible to separate skill from historical performance? What is “real” alpha and where can we find it? 

Join Gary Grad, CFA, Managing Director, Investment Management Research at CIBC Asset Management as he discusses the techniques and tools that his team utilizes when they research managers for the different client solutions offered by CIBC. Gary and his team meet with more than 350 managers a year globally, and perform fundamental and bottom-up diligence on each manager. Gary will share his insights on: 

  • What is “real” alpha and how to find it 
  • How to differentiate between skill and the 4 “P”s (People, Philosophy, Process and Performance) 
  • The number one mistake he sees his clients make when assessing their managers 
  • The best practices that he and his team have developed, and his belief that these factors are predictive of future outperformance. 

The presentation will be followed by a question and answer period with a panel of local plan sponsors and experts. 

Gary Grad has over 25 years of broad experience in the investment management industry and joined CIBC Asset Management Inc. (CAM) from Fidelity Investments.
Since joining CAM in 2009, Gary has enhanced team talent and instilled a research culture in the team. His career has encompassed many aspects of investment management including investment analysis focused on equities and credit. At Fidelity Investments, he was Vice President, Consultant Relations for the institutional business. Previous to this, he was Vice President, Institutional Investments and Analysis, responsible for portfolio analytics and product support. Prior to joining Fidelity Investments he was with Frank Russell Canada, Altamira Management and Mutual Life of Canada.

Thursday, November 20, 2014

11:45am - 12:30pm    Registration and Buffet Lunch

12:30pm - 1:30pm      Presentation

Fees and Registration

Regular Member$30.00 CDN
Non-Member$45.00 CDN
Table of 6$180.00 CDN