25 SEPTEMBER 2019SHAW CONVENTION CENTRE

#CFASOForum

Welcome to the second annual CFA Society Ottawa

Forum – a full day of speaking events and networking

for finance professionals.

We are excited to bring you high-quality speakers

and educational content covering a broad range of

investing categories including Behavioral Finance,

Socially Responsible Investing, Fixed Income, Equity

and Emerging Markets.

Our lunch keynote address will feature Meir Statman,

an industry leader in the field of behavioural finance.

His thought-provoking presentation will be discussing

“Finance for Normal People: How Investors and Markets Behave.”

Following the Forum, we welcome you to the Networking &

Career Fair portion of our day, which will begin at 5:30 pm.

Forum participants, finance professionals and students

will have the opportunity to converse and engage with

well-known finance firms as well as prominent Ottawa

Employers ranging from our Central Bank to some

market-leading technology companies.

We hope you enjoy the event,

John Harvey, CFA, CIPMEducation Chair

CFA Society Ottawa

WELCOME

THANK YOU TO OUR SPONSORS AND CONTRIBUTORS:

TITLE SPONSOR

PLATINUM SPONSORS

THANK YOU TO OUR SPONSORS AND CONTRIBUTORS:

TITLE SPONSOR CONTRIBUTORS

PLATINUM SPONSORS

AGEN

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8:15-8:45am Event Registration - Coffee and Refreshments

8:45-8:55am Forum IntroductionSean Kulik, President CFA Society Ottawa

8:55-9:10am Conference OpeningHost, Mark Jeffries

RESPONSIBLE INVESTING

SESSION ONE

9:10–9:40 am Can Quants Do ESG? Asha Mehta, Senior VP, Portfolio Manager, Director of Responsible Investing, Acadian Asset Management

SESSION TWO

9:40–10:10 am Investing in ESG Momentum Valerie Grant, Senior VP, Senior Portfolio Manager, Responsible Investing, Alliance Bernstein

SESSION THREE

10:10–10:40 am Impact Investing – from Measurement to ManagementAndrew Knox, Institutional Portfolio Manager, Franklin Real Asset Advisors, Franklin Templeton

10:40–11:10 am Networking Break

SESSION FOUR KEYNOTE

11:10–11:30 am Women in Investment ManagementLauren McAdams, Director, Society Relations, CFA Institute

FIXED INCOME

SESSION FIVE

11:30 am–12:00 pm De-bunking Common Misconceptions in Fixed IncomeSoami Kohly, Investment Officer, Fixed Income Portfolio Manager, MFS Investment Management

12:00 pm Lunch Buffet

AGEN

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12:05–12:10 Title Sponsor Keynote IntroductionNadia Savva, Director Institutional Sales

SESSION SIX KEYNOTE

12:10–1:10 pm Finance for Normal People: How Investors and Markets BehaveMeir Statman, Glenn Klimek Professor of Finance, Santa Clara University

1:10–1:20 pm Networking Break

EQUITY

SESSION SEVEN

1:20–1:50 pm Why Canadian Equities Are Still an Important Allocation for Canadian PlansMaxime Lemieux, Portfolio Manager, Fidelity Investments

SESSION EIGHT

1:50–2:20 pm Global Equities in a World of Factor InvestingPaul Martin, Institutional Portfolio Manager, Phil-lips, Hager & North Investment Management

SESSION NINE

2:20–2:50 pm Good Things Come in Small Packages:The Case for Global Small Cap EquitySain Godil, Associate Portfolio Manager and Partner, Global Alpha Capital Management Ltd. Jean-Eric Parisien, Director, Client Relationships, Global Alpha Capital Management Ltd.

2:50–3:10 pm Networking Break

EMERGING MARKETS

SESSION TEN

3:10 – 3:40 pm Value Investing in Emerging Markets: Finding Opportunities and Managing RiskMohammed Ahmad, VP, Portfolio Manager, Emerging Markets Equities, Foyston, Gordon & Payne Inc.

AGEN

DA

SESSION ELEVEN

3:40 – 4:10 pm China A Shares – A Growing Segment of Global Equity MarketsJulie Ducharme, Director, Investment Strategist, Active Equity, BlackRock 

SESSION TWELVE

4:10 – 4:40 pm Investing in Infrastructure Richard Lee, Senior Managing Director – Infra-structure Investments, Manulife Investment Management

SESSION THIRTEEN

4:40 – 5:10 pm Hedge Funds Plus Risk Premia: Fantastic Fusion or Baffling Blend? Dr. Toby Goodworth, Managing Director, Head of Risk & Diversifying Strategies, bfinance

5:10 PM Closing RemarksJohn Harvey, Education ChairCFA Society Ottawa

5:15 – 6:30 pm Cocktail Reception

5:30 – 7:30 pm Career Fair

Mark is a former stockbroker turned Keynote Speaker. Mark has become a trusted advisor and communications consultant to some of the world’s largest and most successful organizations. He speaks at and moderates conferences, summits, sales meetings, user forums and conven-tions all over the world for clients including IBM, Ernst & Bank of America.

MARK JEFFRIES

MODERATOR AND CONFERENCE OPENER

SESSIONS 1 - 4

RESPONSIBLE INVESTING

#CFASOForum

Asha joined Acadian in 2007 and is the lead portfolio manager and director of responsible investing. In this role, Asha is responsible for building Acadian’s ESG principles by leading ESG research and subsequent integration of ESG factors throughout Acadian’s investment process and serving as the chair of our Responsible Investment Committee. Asha has extensive experience working with ESG considerations to create bespoke solutions. Prior to joining Acadian, Asha worked as an investment banker at Goldman Sachs and at Johnson & Johnson in a strategy role. Early in her career, she conducted microfinance lending in India. Asha holds an M.B.A. with Honors from The Wharton School (University of Pennsylvania) and undergraduate degrees from Stanford University. Asha is a CFA charterholder and a Board Member of CFA Society Boston. She was named one of the Top 10 Women in Asset Management by Money Management Executive in 2016.

Valerie Grant is a Senior Vice President and Senior Portfolio Manager in the Equities Department at AllianceBernstein LP where co-manages Responsible US Equities, a Large Cap US equities portfolio designed to optimize return, risk and responsibility.  In addition, she engages with clients and prospects on AB’s capabilities in Responsible Investing as AB expands its presence in this area.  Valerie is a member of the Sustainability Accounting Standards Board’s Standards Advisory Group.  Previously, she was a senior research ana-lyst covering the media, Internet and consumer-discretionary sectors for the US and Global Large Cap Value portfolios. Prior to that role, she covered the healthcare and consumer discretionary sectors for the firm’s US Small/Mid-Cap Value team. Grant joined AB in 2006 as a short specialist for the Advanced Value and Global Opportunities Funds. Prior to that, she managed corporate acquisitions, divestitures and licensing transactions in the Corpo-rate Development Group at Bristol-Myers Squibb. Grant holds a BS in Economics from the Wharton School at the University of Pennsylvania and an MBA, with high distinction, from Harvard Business School. She was also a Rotary Foundation Scholar in the Department of Economics at the University of Zimbabwe and is a CFA charter holder.

SESSION ONE | 9:10 – 9:40 am

CAN QUANTS DO ESG?

Asha Mehta, CFA – Senior Vice President, Portfolio Manager, Director of Responsible Investing

SESSION TWO | 9:40 – 10:10 am

INVESTING IN ESG MOMENTUM

Valerie Grant, Senior VP, Senior Portfolio Manager, Responsible Investing, Alliance Bernstein

Lauren McAdams, CAE, is the Director, Society Relations, for the Americas region at CFA Institute. In this role, Lauren supports the partnership between CFA Institute and CFA member societies, providing consultative services related to board governance, business & strategic planning, and supporting advocacy & thought leadership activities through local societies. Lauren earned her BA in American Government from the University of Virginia, and received the Certified Association Executive (CAE) designation from the American Society of Associa-tion Executives (ASAE). Lauren will receive an MBA from Villanova University in December 2019.

Andrew D. Knox is Institutional Portfolio Manager for Franklin Real Asset Advisors, with pri-mary responsibility for providing clients with perspective and insight on FRAA’s private and public real estate and listed infrastructure products globally.

With over 22 years of experience in the investment industry, Mr. Knox has held positions in portfolio management, research, and client service within both the institutional and high net worth markets. Since joining Franklin Templeton in 2006, Mr. Knox has been responsible for managing and developing institutional client relationships in Western Canada and was a member of the Franklin Templeton Institutional Asset Mix Committee since 2008. From Feb-ruary 2011 until December 2017, Mr. Knox was the co-lead manager of the Franklin Templeton Institutional Balanced Trust. Over his tenure, Mr. Knox has designed and implemented invest-ment solutions for a diverse client base - including pension and benefit plans, educational endowments, First Nations, foundations, individuals and corporations. Mr. Knox also served as a member of the Franklin Templeton Pension Committee, a Defined Contribution Pension Plan with 700 members and $70 Million in AUM.

Prior to joining the firm, Mr. Knox was a portfolio manager and analyst for a major Canadian investment counsellor. Mr. Knox holds a bachelor’s degree in commerce from the University of Manitoba. He is a Chartered Financial Analyst (CFA) charterholder and a Chartered Alterna-tive Investment Analyst (CAIA) Charterholder.

SESSION FOUR | 11:10 – 11:30 am

WOMEN IN INVESTMENT MANAGEMENT

Lauren McAdams, CAE - Director, Society RelationsCFA Institute

SESSION THREE | 10:10 – 10:40 am

IMPACT INVESTING—FROM MEASUREMENT TO MANAGEMENT

Andrew D. Knox, CFA - Institutional Portfolio Manager, Franklin Real Asset Advisors, Franklin Templeton Institutional, LLC

SESSIONS 5 - 6

FIXED INCOME

#CFASOForum

Soami Kohly, CFA, FSA, FCIA, is an investment officer and fixed income portfolio manager with MFS Investment Management® (MFS®). In his role, he is responsible for final buy and sell decisions, portfolio construction, risk assessment and cash management. He partici-pates in the research process and strategy discussions.

Soami joined MFS in 2009. Previously, he spent three years with RBC Capital Markets as an associate analyst in equity research and later as a vice president of structured products. He also spent twelve years as an actuarial consultant with Hewitt Associates. He began his career in the financial services industry in 1993.

Soami holds a Bachelor’s degree in Actuarial Science from the University of Western On-tario. He holds the Chartered Financial Analyst designation from the CFA Institute and is a fellow of the Canadian Institute of Actuaries and Society of Actuaries.

Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management.

SESSION FIVE | 11:30 – 12:00 pm

DE-BUNKING COMMON MISCONCEPTIONS IN FIXED INCOME

Soami Kohly, CFA, FSA, FCIA Investment Officer, MFS

Meir Statman is the Glenn Klimek Professor of Finance at Santa Clara University. His research focuses on behavioral finance. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets.

Meir’s research has been published in the Journal of Finance, the Journal of Finan-cial Economics, the Review of Financial Studies, the Journal of Financial and Quanti-tative Analysis, the Financial Analysts Journal, the Journal of Portfolio Management, and many other journals. The research has been supported by the National Science Foundation, the Research Foundation of the CFA Institute, and the Investment Man-agement Consultants Association (IMCA).

Meir is a member of the Advisory Board of the Journal of Portfolio Management and numerous other boards. He is a recipient of a Batterymarch Fellowship, a William F. Sharpe Best Paper Award amongst several other notable awards.

Meir received his Ph.D. from Columbia University and his B.A. and M.B.A. from the Hebrew University of Jerusalem.

MEIR STRATMAN - GLENN KLIMEK PROFESSOR OF FINANCELEAVEY SCHOOL OF BUSINESS, SANTA CLARA UNIVERSITY

LUNCH KEYNOTE SPEAKER | SESSION SIX | 12:10 - 1:10pm

FINANCE FOR NORMAL PEOPLE: HOW INVESTORS AND MARKETS BEHAVE

SESSIONS 7 - 9

EQUITY

#CFASOForum

Mr. Lemieux joined Fidelity in 1996 as a research associate and member of Fidelity (Canada) Asset Management ULC, Fidelity’s Canadian equity research team. He was promoted to the position of analyst in 1998. From 1996 to 1999, Mr. Lemieux covered Canadian securities in the entertainment, broadcasting, forest products and technology sectors, as well as Cana-dian small-capitalization companies.

From July 2000 until August 2008, Mr. Lemieux managed Fidelity Canadian Opportunities Fund, and from December 2006 to August 2008, he managed Fidelity Canadian Growth Company Fund. Between 2002 and 2008, he managed Fidelity Canada Fund, available to U.S. investors only.

Mr. Lemieux received a BCom in finance from McGill University in Montreal in 1996.

Paul Martin: CFA (2000); BComm (1997) University of British Columbia, Leslie Wong Fellow (UBC Portfolio Management Foundation). Paul is an institutional portfolio manager with in-depth knowledge of equity markets. In addition to working directly with institutional clients, he is responsible for developing institutional investment solutions that harness the expertise of all investment teams within RBC GAM and he is a member of the Canadian Institutional Management Committee and the RBC Alternative Equity Committee. Prior to joining PH&N in 2010, he had spent 13 years in institutional sales with a large bank-owned investment dealer and a predecessor capital company. As a senior member of the Insti-tutional Equity Sales Team, Paul was responsible for relationships with Western Canadian institutional equity investors, including pensions, mutual funds and hedge funds. He is a CFA® charterholder and was previously a director of CFA Society Vancouver.

SESSION SEVEN | 1:20 – 1:50 pm

WHY CANADIAN EQUITIES ARE STILL AN IMPORTANT ALLOCATION FOR CANADIAN PLANS

Maxime Lemieux - Portfolio Manager, Fidelity Investments

SESSION EIGHT | 1:50 – 2:20 pm

GLOBAL EQUITIES IN A WORLD OF FACTOR INVESTING

Paul Martin - Institutional Portfolio Manager, Phillips, Hager & North Investment Management

SESSION NINE | 2:20 – 2:50 pm

GOOD THINGS COME IN SMALL PACKAGES: THE CASE FOR GLOBAL SMALL CAP EQUITY

Sain Godil

Sain is a Portfolio Manager responsible for North America and Israel, as well as global coverage of the Financials and Telecom sectors as well as stock screening. Born in India, Sain graduated with great distinction from Goa University in 1999. Prior to im-migrating to Canada, he was an Asset Manager for ICICI, India’s second largest bank. Before taking the position with ICICI, Sain worked at 3Global services (a division of Hutchison Whampoa Group) and previously at Vinray Education where he was a man-ager. Sain earned a Master’s in Administration (Finance) in 2013 and a Bachelor of Commerce degree (Finance) in 2011 from the John Molson School of Business (JMSB) at Concordia University. He also received the Calvin Potter Fellowship from Concordia’s Kenneth Woods Portfolio Management Program. Sain is a CFA Charterholder. During his studies at JMSB, Sain worked as a Ju-nior Analyst at Global Alpha. In 2010, before joining Global Alpha, he was with Industrial Alliance Securities as a Research Asso-ciate and in 2009 with Abitibi Bowater as a Logistics Analyst. Prior to continuing his education at Concordia he had short-term contracts with CareFusion Corporation a spin off from Cardinal Health Inc. and Nordia, Inc. in Quebec. Sain is fluent in English, French and Hindi.

Jean-Eric Parisien

Jean-Eric is responsible for maintaining and growing Global Alpha’s relationships with institutional investors, including pen-sion plans (public and private), family offices, foundations and endowments.

Jean-Eric has been working with institutional clients for over 15 years. Prior to joining Global Alpha, Jean-Eric served as an Investment Solutions Executive at Sun Life Financial advising defined benefits and defined contribution pension plans on asset allocation, fund selection, plan design, fund mapping and other investment related topics. Additionally, he held a business development position at BlackRock where he developed com-plex portfolio solutions for large institutional investors including traditional and alternatives investment strategies. Jean-Eric also spent multiple years at Standard Life where he held a variety of roles leading up to Consultant, Investment Governance, re-sponsible for funds selection and monitoring of the Investment Platform offered to clients.

Jean-Eric holds a B.A. in Finance from HEC Montreal and is a CFA charterholder. He is fluent in French, English and Creole.

SESSIONS 10 - 13

EMERGING MARKETS

#CFASOForum

SESSION TEN | 3:10 – 3:40 am

VALUE INVESTING IN EMERGING MARKETS: FINDING OPPORTUNITIES AND MANAGING RISK

Mohammed Ahmad - VP, Portfolio Manager, Emerging Markets Equities Foyston, Gordon & Payne, Inc.

Mohammed’s career began when he joined FGP in 1999. He joined the investment team in 2003 as a research analyst, began researching emerging market companies in 2007, and helped launch the FGP Emerging Markets Equity Fund in 2009. As Associate Portfolio Manager, he was involved in the day-to-day decision making for the strategy since incep-tion and assumed lead portfolio management responsibilities for this Fund in 2015. He is a member of FGP’s Investment Committee.

Mohammed experienced the evolution of FGP through the 2000 tech bubble and worked with the then emerging markets portfolio manager to manage the strategy through the global financial crisis and the subsequent quantitative easing world.

Mohammed is a graduate of the Institute of Business Administration (MBA) in Pakistan and is a CFA charterholder.

Julie Ducharme, CFA, is a Director and an investment strategist within BlackRock’s Active Equity business. Julie is responsible for institutional product strategy across BlackRock’s Active Equity products. Within this role Julie helps shape new product initiatives and drive large institutional mandates, particularly within the global and emerging markets. 

Prior to her role in Active Equities, Julie was a member of BlackRock’s Global Consultant Relations Group where she was responsible for developing and maintaining relationships with investment consultants and institutional investors. Ms. Ducharme’s service with the firm dates back to 2011. Previously, she was a principal for Mercer Investment Management where she was responsible for delivering investment solutions and reporting on Mercer’s investment strategies to clients. Prior to joining Mercer Investment Management in 2008, she was a senior manager researcher at Mercer where she rated investment managers across all major types of asset classes focusing on global strategies in currency, tactical asset allocation, and fixed income.

Ms. Ducharme earned a BA degree in Mathematics from Concordia University in 1998.

SESSION ELEVEN | 3:40 – 4:10 am

CHINA A SHARES: A GROWING SEGMENT OF GLOBAL EQUITY MARKETS

Julie Ducharme - Director, Investment Strategist, Active Equity BlackRock

SESSION TWELVE | 4:10 – 4:40 am

INVESTING IN INFRASTRUCTURE

Richard Lee - Senior Managing Director, Infrastructure Equity InvestingManulife

Richard Lee is Senior Managing Director for Infrastructure Equity investing at Manulife. Richard joined Manulife in 2005. Richard has over 28 years of experience in developing, investing, lending and advising in electricity generation and transmission, transportation and water and wastewater sectors. Prior to Manulife, Richard worked at Veolia Water, Sithe Asia, CH2M Hill and Probyn & Company. Richard has an MBA from York University in Toronto and a BASc in Mechanical Engineering from the University of Toronto.

Toby Goodworth is Head of Risk & Diversifying Strategies at bfinance, and a member of the firm’s Senior Management Team. Previously Toby was Head of Risk Management at Key As-set Management, one of Europe’s oldest fund of hedge funds, where he designed and ran the firm’s bespoke risk models. Prior to that he was a risk analyst focusing on quantitative global equity strategies. Toby holds a Ph.D in Physics from University College London and a First Class honours degree in Physics, also from UCL.

SESSION THIRTEEN | 4:40 – 5:10 am

HEDGE FUNDS PLUS RISK PREMIA: FANTASTIC FUSION OR BAFFLING BLEND?

Dr. Toby Goodworth - Managing Director, Head of Risk & Diversifying Strategiesbfinance

CFA SOCIETY OTTAWA LEADERSHIP & VOLUNTEERS

CFA Society Ottawa

c/o Trevor Mulligan | 174 Bank Street | P.O. Box 71047 | Ottawa, Ontario K2P 1W0

Email: admin@cfaottawa.ca

Sean Kulik, CPA, CA, CFA, CAIA President

Roxana Lund, CFA Vice-President

Ian Taylor, CFA Secretary

Siddarth Rajan, CFATreasurer CFA Employer Engagement Chair

Wesley Blight, CFA Past-President

Kevin Pei, CFAStrategic Initiatives Chair Treasury Support

Ian Harten Co-Program Chair

Sophie Mechin, CFA Co-Program Chair

John Harvey, CFA, CIPMEducation Chair Secretary Support

Graham Edwards, CFAPublic Awareness Membership Chair

Michael Maltsev Communication Chair

Yuriy Zabolotnyuk, Phd, CFA, FRMUniversity Relations (Carleton University)

Tarek KassemUniversity Relations (University of Ottawa)

Maral Chukhalkhuu, CFA WIIM Support

Jad Ahmad Forecast Dinner Support

Johnathan Monat Forum Support

Sikender Kahn Financial Literacy Support

Mirza Arifhodzic Program Support

Qi Zhang Social Media Support

DELIVERING MEMBER VALUE FOR A STRONG INVESTMENT COMMUNITY

TRUST | ETHICS | PROFESSIONALSM

cfasociety.org/ottawa

COMMUNICATION• Newsletters• Social Media• Brand Awareness Campaigns• Society Updates• Member Discounts

STRATEGIC EVENTS• Forecast Dinner• Women in Investment Management• Industry Expert Knowledge Sharing• Member Celebrations

EDUCATION• Forum Conference• Continuing Professional Development• University Relations• Mock Exams• Financial Literacy

CAREER SUPPORT• Mentorship Program• Career Fair Wine & Cheese• Job Board• Networking Opportunities

CFA SOCIETY OTTAWAwww.CFAOttawa.ca

THANK YOU