Preparing for the Next Macro Inflection Point
The global economy is at a turning point. The opening session will focus on the main macro themes that will drive stocks, bonds, currencies, and commodities over the coming months.
Presentation By: Peter Berezin
BCA Research Chief Global Investment Strategist
Panel discussion: Macro Economy 2024: A Year of Strength or Weakness?
Will growth improve or deteriorate further in 2024? Will inflation resume its upward climb? These questions will determine the path of policy next year and thus, will shape portfolio returns.
Chaired By: Mathieu Savary
BCA Research Chief European Investment Strategist, Chair BCA Live & Unfiltered
Panel:
Vincent Reinhart
Chief Economics and Macro Strategist, BNY Mellon Asset Management
Frederic Mishkin
Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University
Keynote: “Investing In Interesting Times”
Presentation By: Antti Ilmanen
Principal and Global Co-Head of Portfolio Solutions Group, AQR Capital; author of Expected Returns (2011) and Investing Amid Low Expected Returns (2022)
China/Emerging Markets: Cyclical And Structural Opportunities And Risks
Is structural underperformance of Chinese and EM assets over? What is their cyclical outlook? What are the opportunities and hidden risks?
Presentation By: Arthur Budaghyan
BCA Research Chief Emerging Markets Strategist
Panel discussion: What Is The New “New Normal” For Fixed Income
The post-2008 “New Normal” world of sluggish economic growth, moderate inflation and low interest rates was abruptly halted by the inflationary shocks stemming from the COVID-19 pandemic and the Ukraine war. Has the macro backdrop for bond investing permanently changed in response to the surprising return of high inflation? If so, what will this New “New Normal” look like for bond investors, and what does this mean for return expectations and ideal asset allocations across global fixed income markets?
Chaired By: Rob Robis
BCA Research Chief Global Bond Strategist
Panel:
Anna Dreyer
Head of Fixed Income Risk and Portfolio Construction Research, T. Rowe Price
Glenn Hadden
Partner & Portfolio Manager, Alphadyne Asset Management
Panel discussion: Geopolitical Risks To Your Portfolio
How should investors think about the recent rise in geopolitical risk and policy uncertainty? Is it cyclical or structural? Predictable or random? What are the most salient geopolitical risks over the coming year? How are they likely to impact different regions and asset classes?
Chaired By: Matt Gertken
BCA Research Chief Geopolitical Strategist
Panel:
Lauren Goodwin
Senior Director, Multi-Asset Solutions, New York Life Investments
Monica Guerra
Executive Director and Head of US Policy, from Morgan Stanley Wealth Management
Mo Wright
Former Civilian Head of US Ground Intelligence
Investing In Equities Under A New Interest Rate Regime
The Fed insists that rates will “stay higher for longer.” But even if the Fed makes a U-turn, the comeback of the ultra-easy monetary policy of the 2010s is unlikely. Equity investors need to prepare their portfolios for a new “normal”. In this presentation, we will consider the implications of structurally higher rates and inflation on equity sector and style allocations.
Presentation By: Irene Tunkel
BCA Research Chief US Equity Strategist
Panel discussion: How To Build A Multi-Asset Portfolio In A World Of Uncertainty
Recession: Mild or severe? Inflation or disinflation? Bonds, equities, or cash - or something more esoteric? Our panel of CIOs and asset allocators will try to make sense of the current macro environment and suggest the best way to position a multi-asset portfolio to avoid the pitfalls and take advantage of the current opportunities.
Chaired By: Garry Evans
BCA Research Chief Asset Allocation Strategist
Panel:
Farshid Asl
Partner & Head of Strategic and Quantitative Asset Allocation, Investment Management Division, Goldman Sachs
Erik L. Knutzen
Multi-Asset Chief Investment Officer, Neuberger Bermann
Barbara Reinhard
Managing Director & Head of Asset Allocation, Voya Investment Management
Panel discussion: Is Private Credit In A Bubble?
Is Private Credit an opportunity or danger? What sub-asset classes should investors be focusing on? Should we be worried about Private Equity? What about Hedge Fund credit? How should investors compare Hedge Funds to Direct Lending? How important is the macro situation to private asset money managers currently?
Chaired By: Brian Payne
BCA Research Chief Private Markets and Alternatives Strategist
Panel:
Josh Birnbaum
Chief Investment Officer, Tilden Park Capital Management
Frank Brosens
Principal, Co-Founder, Taconic Capital
Anthony DiNello
Head of Lending, Silver Point Capital
