Thursday, October 26th, 2023 | Omni Hotel, Los Angeles, CA
 JUST ADDED: Julie Urhman, Kathryn Schloessman, Renata Simril, Michael C. Buchanan, CFA, and more!!!                                                                         SPEAKERS ADDED DAILY!!!            


PORTFOLIO is an immersive all-day event geared toward the local investment community and beyond, brought to you by CFA Society Los Angeles. PORTFOLIO will provide attendees the opportunity to accelerate knowledge acquisition, participate in relevant topic debates and dialogs, and network with fellow practitioners. Attendees will be provided with unique access to local and global thought leaders through an array of speaker showcases, discussion panels and breakout sessions.

PORTFOLIO aims to broaden understanding and inspire debate within our community, providing exclusive insights into the current investment landscape and examining the future of our industry by exploring the leading edge in portfolio theory, FinTech, emergent opportunities and much more. Be sure to join your colleagues at this annual event that has become CFALA's premier summit for enhancing the breadth and depth of knowledge of Southern California’s investment professionals.

Asset Classes: Equities · Fixed income · Real Assets (Real Estate, Infrastructure) · Private Equity · Venture capital · Gold· Digital Assets

Investment Trends: ESG · Fintech · Factor Investing · Algorithmic Investing · Direct lending · Floating Rate Investments · High Yield · Emerging Markets · Distressed Debt · Impact Investing · Co-Investments

Economic Concepts: Global Macroeconomics · Central Bank Policies · Interest Rate Movements · Geopolitical Risks · The Next Recession

Wealth Management Concepts: Asset Allocation · Asset Correlations · Tax Efficiency · Institutional, Foundation, Family Office, RIA, and BD Investing

Vehicles and Structures: ETFs · Hedge Funds · Liquid Alts · Asset-Backed Securities 






Omni Los Angeles Hotel
251 South Olive Street,
Los Angeles, CA 90012

Dress Code: Business Casual


Pricing does not include applicable state and local taxes and fees. 



Registration includes continental breakfast, lunch, and cocktail reception.

Early Bird Pricing Breakdown
For CFALA Members:

  • $99.00 - Through August 1st, 2023;
  • $149.00 - August 2nd - September 15th, 2023;
  • $249.00 - September 16th- October 25th, 2023;
  • $299.00 - At-Door;

For Non-Members**:

  • $299.00 - Through August 1st, 2023;
  • $349.00 - August 2nd - September 15th, 2023;
  • $399.00 - September 16th- October 25th, 2023;
  • $449.00 - At-Door;

**Consider Local Society Membership! Whether you are a Charterholder, enrolled in the CFA Program, or an investment professional in Southern California, CFA Society Los Angeles provides members with numerous networking opportunities, topical events at reduced rates, career development programs and other benefits.

Not a CFA Charterholder or candidate? Associate Membership is only $175 per year, and members save up to $200 on PORTFOLIO - plus highly discounted rates for all CFALA events and exclusive Member ONLY events. Subject to application and approval. Interested? You should be! Contact us at to learn more or check out our Membership Page to review all membership types, pricing, discounts and benefits.

Cancellation Policy: To receive a full refund of your Portfolio 2023 registration, you must submit in writing your request to cancel within 45 days of your registration or by Friday October 20, 2023, whichever is sooner. A full refund will be issued via your method of payment (if you paid by credit card, refund will be provided via the credit card).

If you are unable to attend and your registration was past the 45 day mark, you may elect to provide a substitute for your attendance at Portfolio 2023. Please note that if you are a CFA Society Los Angeles member your substitute must also be a Society member. Non-member registration may substitute any non-member. All substitutions must be provided to CFALA by October 20, 2023.

In the event that we are unable to host the conference because of local COVID restrictions, your registration will be moved to the next PORTFOLIO conference or you can request a refund in writing to

Health and Safety Policy: In keeping with the current guidance from the CDC, the State of California, and local regulations, CFA Society Los Angeles no longer requires attendees to show vaccination cards or negative covid tests. Should CDC, State, or Local regulations change, you will be notified by email prior to the event. If you are NOT feeling well or have been exposed to COVID, we ask that you not attend this event for the health and safety of all attending.



7:00 am: Registration & Sponsor Showcase

8:00 am : Opening Remarks – Lee Ferridge, Senior Managing Director & North American Head of Multi-Asset Strategy, State Steet – State Street

8:15 am: General Session - Geopolitics and Investment Opportunities in Asia: A Diplomat's View  – Former Singapore Ambassador David Adelman, J.D., Managing Director and General Counsel, KraneShares in conversation with Jane Leung, CFA, CFP - Strategic Advisor, Hive Wealth.

Now more than ever, investors must understand the US-China political relationship and how it impacts global investment themes. From manufacturing and supply chains to semiconductors, electric vehicles, and battery production, the dynamic between the world's two largest economies is central to shaping our global future. Join Jane Leung, strategic advisor to Hive Wealth and experienced global CIO, in a lively discussion with former US Ambassador to Singapore and KraneShares general counsel David Adelman about the latest diplomatic developments between the US, China, and broader Asia, and how investors can position their portfolios for emerging opportunities

9:15 am: Transition to Breakout #1

9:30 am to 10:30 am: Breakout Session #1

9:30 am – Option #1: From Office Doom Loops to the Data Center AI Boom: A Real Estate Outlook and Opportunities
Real estate news recently has been rather gloomy, but it is not a homogenous asset class. This panel will dissect the sectors to filter out hyperbolic news, establish a realistic outlook and figure out where to find the opportunities. They’ll pan across traditional and alternative sectors globally, with a focus on domestic office, multifamily, industrial, and data center real estate. Our panelists will discuss the advent of work-from-home (WFH), slow progress of return-to-office (RTO), impact of single-family home unaffordability on multifamily properties, continued outperformance of industrial real estate, AI-led data center boom, and other topics.

  • Mary Lang, Head of Americas Direct Logistics Strategies & Portfolio Manager, CBRE
  • Melissa Reagen, CRE, Managing Director, Portfolio Manager, Nuveen LLC
  • Todd White, Managing Director, Portfolio Management, Principal Real Estate
  • Moderator: Y. Allen Kim, CFA, Director, Investment Strategy Group,Bel Air Investment Advisors

9:30 am –Option#2: International Equities: Time to Pounce on Attractive Valuation?

Valuations for international equities in both developed and emerging markets look rather attractive relative to their own history and to U.S. equities. But is it an opportunity or a value trap? Many developed economies do not express the same dynamism as the U.S. economy. Smaller emerging markets are overshadowed by China and high U.S. interest rates. Expert panelists will provide their perspectives.

  • Nikki Noriega, CFA, Senior Client Portfolio Management, Invesco
  • Brendan Ahern, CIO, KraneShares
  • Kent Chan, Equity Investment Director, Capital Group
  • Moderator: David J. Heiny, Managing Director, Artisan Partners

9:30 am –Option #3: The Seachange in Demand for Active ETFs

Last year we witnessed a seachange in market demand for active ETFs, with more than $50 billion in gross inflows, precisely when actively-managed mutual funds continue to suffer significant outflows. Our panelists represent some of the largest beneficiaries of this trend and are uniquely positioned to discuss some of the advantages offered through this structure and why last year was likely no accident.
  • Rachel Aguirre, Managing Director and Head, US iShare Products, BlackRock
  • Cleo Chang, Senior Vice President & Chief Investment Solutions Officer, American Century
  • Scott Davis, Head of ETFs, The Capital Group
  • Moderator: Nate Palmer, CFA, Managing Director, Wilshire Associates

10:30 AM: Transition to Breakout #2

10:45 am to 11:45 am: Breakout Session #2

10:45 AM Option #1: Solving for Retirement Income in the Workplace - The Transition from Accumulation to Decumilation in Defined Contribution Retirement Plans
A recent BlackRock study showed that adding guaranteed lifetime income combined with a more aggressive asset allocation generates 30% more annual spending ability from one’s retirement savings and reduces downside risk by 33%. However, significant barriers have prevented meaningful annuity adoption in retirement plans. Our panelist will discuss how professionally managed solutions reduce the complexity of having participants understand and elect lifetime income options and present the best chance for adoption of annuities in DC plans.

  • Partha Mamidipudi, PhD, Managing Director, BlackRock
  • James Veneruso, CFA, CAIA, FRM, Vice President, State Street Global Advisors
  • Matthew Wolniewicz, AIF, AIFA, President, Income America
  • Moderator: Nate Palmer, CFA, Managing Director, Wilshire Associates

10:45 AM Option #2: Non-Traditional Sources of Yield in Fixed Income
The past 18 months have seen a dramatic rise in global bond yields, making fixed income once again a viable sector for investors to add income to their portfolios. Outside of the conventional treasuries, municipals, and core bond funds, this panel of experts will focus on alternative sources of yield including private credit, structured products, and emerging markets.

  • Scott Borenstein, Investment Partner, Canyon Partners
  • Mark Hughes, CFA, Portfolio Manager & Research Analyst, Western Asset Management Co., LLC
  • Ken Shinoda, CFA, Founding Member, DoubleLine Capital LLC
  • Moderator: Lisa Zard, CAIA, CSRIC, Wealth Advisor Consultant, Nuveen LLC

11:45 AM : Transition to Lunch/General Session

12:00 PM: Lunch & General Session - The Disappearing Index Effect– Robin Greenwood, George Gund Professor of Finance and Banking at Harvard Business School and State Street Associates Academic Partner
For decades, stocks offered an abnormal excess return when they were added to a major index like the S&P 500. But this effect is disappearing. This talk looks at the drivers of this surprising phenomenon — and its implications for investors.

1:45 PM: Transition to Breakout #3

2:00 pm to 3:00 pm: Breakout Session #3

2:00 pm –Option #1: Fractionalizing High Value Assets
Fractionalization can solve the often inadequate delivery structures for many "Alternative Assets ".These addressable markets are substantial:$ 1.7 tn in art, jewels and gems-$340 bn, collectables-more than $ 80 bn, and much in real estate-$113 tn. Plus, these newer solutions with a Reg A securitization have application to other traditional financial assets.

  • Etan Butler, Founder and Chairman, Dalmore Group
  • Nikki Gilbreth, Director-Principal, North Capital
  • Yishai Cohen, Founder and CEO, Landa
  • Moderator: Alan Snyder, Managing General Partner, Shinnecock Partners

2:00 pm Option #2: California: Leading the World in Carbon Markets and Investment Opportunities
The global carbon markets burst onto investors' radars in 2021, with European Union Allowances (EUAs) returning triple digits that year. Scientists and economists agree that carbon cap-and-trade programs are the most effective tool for combatting climate change. However, the price per ton of emissions must go higher to achieve meaningful emissions reductions. This period of rapid price appreciation, which already took hold in Europe, is now underway in California, and investors can benefit. Join Mary Nichols, the former Chair of the California Air Resources Board, and Carbon Markets experts from KraneShares and MSCI as they delve into the origins of California's cap-and-trade program, current market dynamics, and overview of the global carbon landscape and opportunity.

  • Mary D. Nichols, J.D., Vice Chair, California-China Climate Institute
  • Ariel Nicholas, Vice President, Climate Solutions Sales, MSCI
  • Luke Oliver, Managing Director & Head of Climate Investments, KraneShares
  • Moderator: Bill Fagan, Head of West Coast, KraneShares

2:00 pm –Option #3: Asset Allocation

  • Ryan Kimmel, Analyst, Macro-Asset Allocation, DoubleLine
  • Ned McGuire, CFA, FSA, FRM, Managing Director, Wilshire Associates
  • Paisley Nardini, CFA, CAIA, Strategist of Client Solutions, Invesco
  • Moderator: Karyn Williams, PhD., Managing Principal and Regional Manager (North America), Hightree Advisors & Zurich

3:00 pm: Transition to General Session

3:15 pm : CIO Panel

  • Michael Buchanan, CFA, CIO, Western Asset Management
  • Nancy Davis, Founder and Chief Investment Officer, Quadratic Capital Management
  • Jonathan Grabel, CIO, Los Angeles County Employees Retirement Association (LACERA)
  • Moderator: Lee Ferridge, Senior Managing Director & North American Head of Multi-Asset Strategy, State Steet – State Street

4:00 pm: Closing General Session - Fireside Chat
The Decade of Opportunity with Renata Simril, Kathryn Schlossman, and Julie Uhrman

The Decade of Opportunity - Los Angeles is hosting almost every major sporting event over this decade – the Super Bowl, the College Football Playoff National Championship, the U.S. Open (Men’s Golf), FIFA World Cup and the Olympic & Paralympic Games. Join us to hear more about why these events so important to our community and what opportunities they bring to the market.

  • Renata Simril, President & CEO, LA84 Foundation
  • Kathryn Schloessman, President & CEO, Los Angeles Sports & Entertainment Commission
  • Julie Uhrman, Founder and President, Angel City Football Club

5:00 pm: Cocktail Reception & Networking












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