Bourbon Street Bar & Grill,
346 W 46th St., between 8th/9th Ave., NY
5:30 – 6:10 Registration/Networking
6:10 – 6:15 Greetings from Mike Carty, Chapter President
6:15 – 6:55 “Closed End Funds – An Investment Strategy for People Near Retirement” – Dan Fox, President/Founder, Black Box A Strategies
6:55 – 7:10 Refreshment/Networking Break
7:10 – 7:55 “Extracting Alpha from Web Luminosity” – Herbert Blank and Shannon Greene, Global Finesse
7:55 – 8:15 Adjournment
To learn more about QWAFAFEW: visit http://qwafafew.org/
Synopses and Bios:
“Closed End Funds – An Investment Strategy for People Near Retirement”
Dan Fox, President & Founder – Black Box A Strategies
A portfolio of high yield closed end funds can generate a low risk dividend stream that can meet consumption needs
for investors close to retirement. With a diversified portfolio, investors can obtain income streams with very little
volatility with infrequent trading. Risks to the strategy essentially involve dividends cuts, which do not happen
frequently with a well chosen set of funds. If an investor’s asset base is large enough consumption needs can be defeased
and an investor can, by and large, become indifferent to price movements in the underlying funds. Price indifference leads to
an approach to risk measurement that only looks at yield volatility and ignores price movements. Back testing and actual
investment results show the strategy can maintain the high dividend yields associated with closed end funds for extended
periods of time.
“Extracting Alpha from Web Luminosity” – Herbert Blank and Shannon Greene, Global Finesse
Dan Fox is the President and Founder of Black Box A(BBA) Strategies, a research and fund investment firm in operation since 2004. During the past 10 years Dan has focused his work on closed end funds, devising a low risk investment strategy and running a hedge fund based on distributions of price to NAV ratios. Prior to BBA, he was a senior research analyst at Commerzbank and a principal at Credit Suisse in London where he was head of passive investing research. He was at Morgan Stanley in New York on both the buy and sell sides and did quantitative work on equity investing strategies. Dan started his career at CREF, where he ran a small cap passive portfolio. He earned his bachelor’s degree in US History from University of Berkeley and MBA from Wharton School.
Herb Blank is a senior consultant and practice leader in the Global Finesse Product Strategy and Implementations Consulting Practice. He has more than 30 years of experience in financial product innovation and quantitative analysis. Recognized as a pioneer in the Exchange Traded Fund (ETF) industry, Herb established the first family of ETFs to trade on the NYSE and was portfolio manager for the fund. Herb is credited with the product development and launch of iShares, GLD, and X Shares. He is also well known for his development of the construction and maintenance methodologies for Dow Jones Global Indexes.
Herb has considerable experience in working with unconventional and alternative data sets and applying them to investment applications. His work in developing SRI and ESG indexes and portfolios since 1987 fall into this category. He also assisted Thomson Reuters for the creation and maintenance of the Thomson Reuters Corporate Responsibility Ratings and Indexes and worked with theory founder Dr. Steve Ross to create and manage APT-driven factor portfolios a forerunner of today’s smart Beta indexes and ETFs.
Firms that have engaged Herb’s expertise include: Brand Loyalties; Haugen Equity Signals; James Investment Research; Exponential ETFs; Deutsche Bank; NYLIM; Thomson Reuters; NYSE; UBS; Morningstar; S-Network Global Indexes; World Gold Council; BGI (now part of Blackrock); Rapid Ratings International; XShares; and Fidelity Bank (now part of Wells Fargo).
Herb frequently publishes industry white papers and articles, and is credited with having a large network of institutional investment professionals, RIAs, and wealth managers. Mr. Blank also serves as Steering Committee chairman for QWAFAFEW, an industry society for quantitative analysis and investment professionals. His MBA in Finance is from NYU Stern; his BA in Mathematics is from University of Pennsylvania.
Shannon Greene is a trading and research assistant and intern for the fixed income trading desks of Newfleet Asset Management, and recently co-authored a research paper for the ‘Journal of Investing’ based on using alternative research data in real world portfolios. She will be presenting her work “Web Luminosity Data Applications for Alpha Generation” at the November meeting of the NYC chapter of QWAFAFEW, a quantitative analyst society.
Shannon’s career interests are in Finance and FinTech. Shannon will be graduating in May 2019 from the Fordham Gabelli School of Business with a degree in Global Finance and Business Economics. She has already obtained certifications in the Data Science program from Microsoft. Her next project is to develop a market signals dashboard using Python programs.
Skills: Microsoft Data Science Certified, Bloomberg Terminal Certified, Python for Data Science Certified, Azure Machine Learning, Data Visualization with Excel, Intex, Adobe InDesign, and Google Analytics, Mixpanel, FullStory, Intercom, Excel macros, Maple, and Java Programming Twitter Data Mining with Python code