Frontier Stock Markets: The Next to Join the Emerging World
Tuesday, August 16th, 2011
12:00 pm - 1:30 pm
Frontier Market Asset Management
Chair: Michael Wu
A Private Wealth Management Group Event
As globalization progresses, the role of "frontier" markets is growing in the world of investing. These are markets in countries not included in the current benchmarks of MSCI EAFE and Emerging Markets. There is strong evidence that investors should open up their horizons to include over 60 small stocks markets in frontier countries. They present significant opportunities, are priced attractively and have low correlations with other markets. They also include many excellent companies and a growing number of CFA charterholders. Finally, they are home to 1 billion people who can benefit from our investment in them, while we can benefit from the fruits of their progress.
Larry Speidell is founding Partner, CEO and Chief Investment Officer of Frontier Market Asset Management, sponsor of the Frontier Market Select Fund, which invests in frontier stock markets around the world.
He travels widely and has recently researched companies in many places, including Abu Dhabi, Bangladesh, Botswana, Cote d’Ivoire, Dubai, Ghana, India, Kazakhstan, Kenya, Malawi, Pakistan, Qatar, Senegal, Trinidad & Tobago, Ukraine, Uzbekistan, Vietnam and Zambia.
From 2003 to 2006 he was Executive Vice President at Laffer Associates, an investment management and economic research firm. Prior to joining Art Laffer, Larry was a Partner and Director of Global Research and Management at Nicholas Applegate where he launched the firm’s emerging markets products and developed and enhanced the firm's international and global quantitative disciplines. Larry also spent eleven years as a Trustee at Batterymarch Financial Management where he was a portfolio manager for domestic and international strategies, was responsible for one of the first equity funds in China and worked on the development of a fund for Russia. As Senior Vice President and portfolio manager at Putnam Management Company from 1971 to 1983, Larry served as a member of that firm's Investment Policy Committee.
He is a past president of the Boston Securities Analysts Society and a past director of the Investor Responsibility Research Center in Washington, D.C. Prior to the investment business, Larry earned his B.E. in Mechanical Engineering from Yale University and his M.B.A. from Harvard University and served as a submarine officer in the U.S. Navy.
CFALAMembers: $20.00(place cursor on amount for link)
Student Discount: $30.00 (Valid Student ID required at the event)
Non-members: $50.00 (place cursor on amount for link)
Time: 12:00 pm - 1:30 pm, Lunch
Location: Casa Del Mar
1910 Ocean Way
Santa Monica, CA 90405
For directions call hotel: (310) 581-5533 or click link on hotel name above.
Valet parking is $14.00 at Casa Del Mar
Dress Code: Business Casual
Methods of payment accepted: Visa/Mastercard, American Express and Discover. If you prefer to pay by check please register online and select "purchase order" as your payment option and enter your last name as the purchase order number. Mail check to: CFA Society of Los Angeles, 520 S. Grand Ave, Suite 370, Los Angeles CA 90071.
*Credit card payments will only be accepted through the secure online registration, and not by phone or email.