BSAS is pleased to announce its third annual BSAS Asset Allocation conference. The title this year, "Asset Allocation 2014: Warning: Structural Changes Ahead!", may at first blush conjure up a cautionary outlook for the year ahead, laced with more potential turmoil and danger. On the contrary, this theme was chosen for 2014 because 2014 marks a year that innovation and material structural change will finally take hold in the area of asset allocation and portfolio construction, and we want you to be prepared for the major shift in thinking by investors.
Investors have been contemplating major changes to their asset allocation policies and processes and considering non-traditional portfolio construction concepts since the financial crisis of 2008, when academics and practitioners alike were challenging the assumptions of Modern Portfolio Theory. And from those early discussions, a new breed of alternative portfolio construction approaches was born. To date, but for corporate pension plans who have embraced an LDI approach and a few trailblazers and research firms, few others have made major structural changes to the way they build their portfolios and make asset allocation decision. With the growing popularity of new portfolio design techniques like smart beta and risk premia /factor-based asset allocation, 2014 may mark not only the "great rotation" out of fixed income in equities, but may become the year that these new innovative asset allocation approaches are embraced by the mainstream. The lineup of speakers are a blend of strategists and practitioners who will walk us through these alternative designs, and we hope share their research, and viewpoints on the future of asset allocation for 2014 and beyond.
John Christmas, Managing Director, JP Morgan Securities
Antti Ilmanen, Managing Director, AQR
Jane Mendillo, President and CEO, Harvard Management Company
Peter Shepard, Executive Director & Head of Multi-Asset Class and Alternative Research, MSCI
Andy Spellar, Senior Investment Manager, Fairfax County Retirement Systems
Francois Trahan, Partner, Portfolio Strategy, Cornerstone Macro