Next QWAFAFEW-NYC Tuesday, January 23rd
5:30- 6:10 Registration, Networking, and Refreshments
6:10 – 6:15 Chapter Business – Mike Carty, Chapter President
6:15 – 6:55 “Pension 2017: State of the Union”, Ronald J Ryan, CFA, CEO, ALM Inc
6:55 – 7:10 Refreshment and Networking Break
7:10 – 7:55 ” A new method of measuring financial risk aversion using hypothetical investment preferences:
What does it say in the case of gender differences?”
Professor Seddik Meziani, Montclair State University and
Elliot Noma, Ph.D., Columbia University and Managing Director, Garrett Asset Management, LLC
Venue: Bourbon Street Bar and Grill, 346 W 46th Street, between 8th and 9th Avenues, New York, NY 10036
http://www.bourbonny.com/contact accessible 42nd Street, Port Authority (A, C, E lines)
Regular 12-month membership dues: $120
Transitional (Between jobs/retired): $80
Student (anywhere): $60
Pay by Credit Card or Paypal
Link: https://qwafafew.wordpress.com/purchase-qwafafew-nyc-chapter-membership/ – Select the appropriate button
or bring Check payable to QWAFAFEW or Cash to the door on the night of the event after you RSVP), and attend this meeting for free.
Or mail check payable to QWAFAFEW for the appropriate amount with a note to: Mr. C. Michael Carty, NYC Chapter, 87-32 97th Street,Woodhaven, NY 11421
ABSTRACT 1 – “Pension 2017: State of the Union” – Ryan Presentation
“Was 2017 a good year for pensions?
Current funding status of pensions
Solutions to the Pension Crisis
Butch Lewis Act: new law coming to save Multiemployer Plans”
ABSTRACT 2- Meziani/Noma
” A new method of measuring financial risk aversion using hypothetical investment preferences – What does it say in the case of gender differences?”
Aversion to risk is one of the main factors driing investment decisions. Studies have been based on either simple decisions in a laboratory setting or real-life decisions viewed in retrospect. Our main contribution consists of a new and elaborate method of measuring risk combined with a real-world investment task brought into a laboratory setting and show that in this controlled environment on average women are more risk-averse than men. Unlike previous studies, we measure risk tolerance in units that naturally map into the risk-return space use by investors, giving them the missing tool to identify the optimal portfolio among the set of investment options that comprise the efficient frontier.
To learn more about QWAFAFEW: visit http://qwafafew.org/
Ronald J Ryan, CFA, CEO, ALM Inc
Ronald J. Ryan, CFA is CEO and Founder of Ryan ALM, Inc. an Asset/Liability Management firm specializing in ASC 715 Discount Rates, Custom Liability Index, ETF Index Benchmarks, Liability Beta Portfolio. Before that he was President and Founder of Ryan Labs, one of the largest Enhanced Bond Index Fund managers in America. And prior to that, established Ryan Financial Strategy Group, a quantitative firm focused on helping bond managers beat Indexes by creating many unique financial models and index innovations.
Ronald has also been noted for a number of awards, innovations and publications: He’s authored the book, “The U.S. Pension Crisis”; established the 1st SBA Indexes, including a patent for them; won the William F. Sharpe ETF Product of the Year (RAFI High Yield Index); and in 2010 started a suite of RAFI Indexes, the 1st Fundamental Bond Index ETFs.
Dr. Seddik Meziani, Professor of Finance, Montclcair State University, ETF author, speaker & Consultant
Seddik Meziani is a tenured professor of finance at Montclair State University, NJ, former chair of the Department of Economics, Finance, and Real Estate, and the Soliciting Editor of The Journal of Index Investing. He is also an ETF author, consultant and speaker. He holds a doctorate in managerial economics from Rensselaer Polytechnic Institute and an MBA in finance and international business from New York University. He previously worked for Standard & Poor’s and TIAA-CREF.
His expertise covers exchange-traded funds, micro- and small-caps and emerging/frontier markets. He is extensively published in both academic and practitioner research journals and has given numerous presentations on a variety of topics related to his research interests at national and international conferences. He is the author of three ETF books: Exchange-Traded Funds as an Investment Option (Palgrave-Macmillan/2006), Exchange-Traded Funds: Conceptual and Practical Investment Approaches (Risk Books/ 2009) and Exchange-Traded Funds: Investment Practices and Tactical Approaches (Palgrave-Macmillan/ 2016). His extensive work on ETFs was acknowledged on a worldwide list of “Seventeen ETF Friendly Professors” compiled by Yahoo Finance.
He is frequently quoted by media on ETF topics and speaks regularly at industry conferences as a panelist, moderator, conference chair, and keynote speaker both in the United States and internationally since 2000. He has developed and presented a series of professional seminars to various US and international corporate and governmental entities, including comprehensive educational workshops on ETFs in New York, London, Rome, and Muscat, Oman. He is an independent trustee at GraniteShares, an exchange-traded fund company and a member of the Research Advisory Board of ETF Global, LLC, an independent ETF advisory firm.
Elliot Noma, Ph.D., Columbia University and Managing Director, Garrett Asset Management, LLC
Elliot Noma has worked in both finance and data science. He runs a proprietary trading company, Garrett Asset Management, and works as a data scientist and developer involved in areas of innovation including blockchain, internet of things, machine learning and natural language processing.
Dr. Noma teaches machine learning at Columbia University and quantitative risk management in the Masters in Mathematical Finance program at Rutgers University. Previously, Dr. Noma was a portfolio manager running a fund of hedge funds and was the Chief Risk Officer at Asset Alliance, a $3 billion seeder of hedge funds.
Prior to working at Asset Alliance, Elliot was a risk manager at both Merrill Lynch Investment Advisors and Deutsche Bank, was an analyst at both JP Morgan and Salomon Brother, and was a mortgage banker at Chase. He has patented a type of levered ETF structure, has written a book on psychometrics, and has published scholarly articles in psychology, information science, sociology, math, and finance.
Dr. Noma graduated from Dartmouth College with a B.A. in Mathematics. He received an M.A. in Mathematics and a Ph.D. in Mathematical Psychology from The University of Michigan.
QWAFAFEW NYC 2018 schedule
Tuesday, January 23rd – Ronald J Ryan, CFA, CEO, ALM Inc & Professor Seddik Meziani, Montclair State University and Elliot Noma, Ph.D., Columbia University and Managing Director, Garrett Asset Management, LLC
Tuesday, February 27th – Dan diBartolomeo, President, Northfield Information Services & TBA
Tuesday, March 27th – Leigh Sneddon, PhD, CFA, Mayfield Investment Solutions Inc. & TBA
Tuesday, April 24th – Matt Moran, VP, Business Development, CBOE & TBA
Tuesday, May 22nd – TBA
Tuesday, June 26th – TBA
Tuesday, July 24th – speaker invited, awaiting confirm & Sam Stovall, US Equity Strategist, S&P Global Market Intelligence
Tuesday, August 28th – speaker invited, awaiting confirm & TBA
Thursday, September 6th – TBA
Tuesday, September 25th – TBA
Tuesday, October 30th – Dick Michaud, President and CEO, New Frontier Advisors & TBA
Tuesday, November 27th – TBA
QWAFAFEW is always soliciting presentation volunteers. Send a note to email@example.com if you are interested. New York is the primary focus. However, if you wish to present in Boston, Chicago, Denver, Los Angeles, Philadelphia, Pittsburgh, Princeton, San Francisco or Washington, DC, please include that in your response and that information will be conveyed accordingly. As always, presentations must involve research and be educational in manner; while products can be mentioned and touched upon briefly, no product presentations will be accepted. Disclaimer: Volunteering does not guarantee acceptance.
Other Chapter Events
Tuesday, 16 Jan 2018 Boston QWAFAFEW Meeting, Optimal Volatility: A New Volatility-Managed Approach. A QWAFAFEW discussion led by: Nardin L. Baker, CFA, South Street Investment Advisors
Other Upcoming Events of Interest
Thursday, January 18, 2018, SQA/CFA Society NY Joint Conference “Data Science in Finance, The Final Frontier?”
Thursday, January 18, 2018 The Second Annual Alternative Data Conference
Quandl’s Alternative Data Conference is an event for institutional investors and business professionals working to stay on top of the radically evolving landscape of alternative data.
January 19th, 2018, PRMIA New York is pleased to invite you to their first event of 2018 – Data Science for Global Risks.
PRMIA and Columbia University are offering a joint event that brings practitioners and academics together to discuss how modern data science methods can be applied to quantify macroeconomic and political risk for investment management.
Sunday, January 21 through Wednesday, January 24, 2018, Diplomat Beach Resort, Hollywood, Florida, Inside ETF’s, The Power of Different, A Fresh Perspective On The Future Of Investing At The World’s Largest ETF Event
QWAFAFEW members receive a $100 discount by using the promo code QWAFAFEW while registering. Alternatively, use this link which has the code already embedded: