Santa Barbara Dinner Event - Why Did the Brits Brexit, and What Does it Mean?
In mid-June, U.S. stocks approached their 52-week highs as market participants widely expected that on June 23, 2016 Britain’s electorate would vote to remain in the European Union. In overnight trading following the referendum, U.S. stock market futures collapsed as vote counts showed a surprising move in the opposite direction. Wall Street indices traded more than 3% lower on June 24, 2016 with the DJIA dropping 655 points, its worst daily drop in 10 months.
Britain’s vote to leave the European Union surprised investors though the sharp rebound in stocks since then was probably a greater shock. Capital markets have gone to where investors thought they would go if there was a Remain vote. Although economists and investors got it wrong how quickly capital markets shrugged the Brexit off and entered a subsequent recovery a lot of questions remain unanswered.
Liam will give the audience a deep insight into the drivers and dynamics of the Brexit decision, he will give guidance where Great Britain and the European Union will go from here in terms of their Brexit negotiators, and what it means for the people and the economy in the United Kingdom as well as the impact on the European and global economy.
Liam Halligan | Liam Halligan is an economist, writer and broadcaster. Liam is best known for his weekly “Economics Agenda” column in The Sunday Telegraph, which enjoys a large international following and has been recognized with a highly-coveted British Press Award. He is also Editor-at-Large of Business New Europe, a leading source of English-language business, economics and political news & analysis. Alongside his writing and broadcasting activities, Liam is an Economist/Strategist at New Sparta Holdings, a London-based firm which owns majority stakes in companies across various sectors.
Between 2007 and 2013, he was Chief Economist at Prosperity Capital Management, an asset management company for institutional clients focused on Russia, Central Asia and Eastern Europe. During the 1990s, Liam was based at the House of Commons as a political correspondent for the Financial Times. Later, he was the programmer’s economics correspondent at Channel Four News winning a string of broadcasting awards, including the World Leadership Forum’s Business Broadcaster of the year and the prestigious Wincott Business Broadcast Award.
Liam holds a First Class (Hons) degree in economics from the University of Warwick and an M.Phil (Econ) from St Antony’s College, Oxford University. He sits on the Advisory Board of the Social Market Foundation and the Centre for Competitive Advantage in the Global Economy, an ESRC-funded research body based in the University of Warwick’s Economics Department.
For more details about Liam Halligan and his work, please visit: https://liamhalligan.com/ or http://www.telegraph.co.uk/finance/comment/liamhalligan/
$20 (Members) | $30 (Student Non-Member) | $65 (Non-Member)
*3-Course Dinner and Beverages Included
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Falko Hörnicke, CFA®, CFP® & George Tharakan, CFA
|As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 12 credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.|