Jointly organised by CFA Institute, and the EDHEC Risk and Asset Management Research Centre, the First Annual Advances in Asset Allocation Seminar will take stock of the latest research advances in asset allocation and clarify the distinction between true innovation and mere marketing claims in emerging industry trends. This exclusive seminar will feature a team of instructors with established reputations for bringing together academic expertise and industry experience:

- Bernd Scherer, Managing Director and Global Head of Quantitative Structured Products at Morgan Stanley, will present solutions to address estimation issues and model shortcomings, and also explain how to optimise portfolio construction in a world that does not conform to the tenets of modern portfolio theory.

- Lionel Martellini, Scientific Director of the EDHEC Risk and Asset Management Research Centre, will review the potential of alternative classes and strategies as diversification and substitution vehicles and will apply dynamic risk budgeting techniques to the design of long-only absolute return funds and new LDI products.

- Noël Amenc, Director of the EDHEC Risk and Asset Management Research Centre, will impart research based insights on fundamental index® strategies and introduce new forms of optimal benchmarks and efficient indices. Presented in a highly accessible manner, the seminar will provide participants with an in-depth appreciation of the concepts and techniques that will shape the future of investment management and equip them with practical tools to improve asset allocation processes, implement novel investment management approaches, and develop new products.

The seminar will enable you to:

      - Bridge the gap between modern portfolio theory and practical portfolio construction to build stable models

     - Use risk budgeting and dynamic core-satellite allocation to refine the investment management process and design new investment solutions

     - Implement new forms of alternative diversification to optimise the risk-return characteristics of the core portfolio

     - Analyse fundamental index® strategies, optimal benchmarks and efficient indices and assess their potential for asset allocation The programme is intended for investment management professionals who advise on or participate in the design and implementation of asset allocation policies and portfolio models and for sell-side practitioners who develop new asset management and ALM solutions for investors.

Seminar Instructors

- Bernd Scherer is Managing Director and Global Head of Quantitative Structured Products at Morgan Stanley (London). He is an expert on portfolio construction, strategic asset allocation, and ALM.

- Lionel Martellini is Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre. He is an expert in risk management and asset allocation processes and modelling.

- Noël Amenc is Professor of Finance and Dean of Research at EDHEC Business School and Director of the EDHEC Risk and Asset Management Research Centre. He is a specialist in asset management, performance analysis, and alternative investments.

Four easy ways to register :

- Book a seat online at: store.edhec-risk.com

- Fax back the registration form to +33 (0)4 93 18 45 54

- E-mail your details to melanie.ruiz@edhec-risk.com

- Call us at +33 (0)4 93 18 78 19.

CFA Institute members and representatives of pension schemes, charities, endowments and foundations qualify for a special discounted rate for this seminar and should contact us directly at AMeducation@edhec-risk.com or on +33 (0)4 93 18 78 19.