10-19-2015 Brown Bag Lunch Series: An Anatomy of Liquidity Risk
An assortment of sandwiches, salads, and drinks will be provided.
A number of episodes of financial market distress have at the heart of them a sudden and drastic reduction in market liquidity, characterized by disorderly adjustments in asset prices, a sharp increase in the costs of executing transactions and, in the most acute cases, a “seizing up” of markets. What to do? Part of the problem of liquidity is its abstract nature. In the following Q&A session, we'll discuss hedges, metrics and strategies for liquidity.
Dr. Sorina Zahan | Sorina Zahan is Partner and Chief Investment Officer at Core Capital Management, an alternative investment services and finance research company that she helped establish in 2004 in Chicago. Her responsibilities include the management of Core’s portfolios and research activities.
Prior to 2004 Dr. Zahan spent fifteen years in academia. As a Professor she was specialized in artificial intelligence and uncertainty management. Dr. Zahan has published two books and numerous research papers. Dr. Zahan holds a B.S. and a Ph.D. degree from the Technical University of Cluj-Napoca, Romania and an MBA from the University of Chicago. Her current research activity is focused on measuring and hedging liquidity risk, the correction of common biases in portfolio construction as well as optimality and risk sharing in pension plans.
$10 | $15 (Non-Member)
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CFA Society of Los Angeles, 520 S. Grand Ave, Suite 655, Los Angeles CA 90071.
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Cancellations must be received in writing by 9:00 am the day prior to the event. No phone cancellations are accepted. Please fax to the CFALA office at (213) 613-1233 or e-mail firstname.lastname@example.org. Member “no-shows” will be billed the non-member fee ($15) for the event which is posted on the CFALA website.
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 1 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.|