CFA Institute Take 15 Podcast Series (Audio only version)

After-Tax Mutual Fund Reporting

Mon, 30 Aug 2010 08:00:00 EST

In this episode, Doug S. Rogers, CFA, discusses the history of after-tax mutual fund reporting, and the basics of pre- and post-liquidation reporting, and how to use after-tax reporting in making investment decisions.

Sensible Decumulation Strategies

Fri, 27 Aug 2010 08:00:00 EST

In this episode, Robert N. Gordon discusses retirement withdrawal strategies and tax considerations, as well as other questions that remain unanswered.

The Role of Frontier Equity Markets in Portfolio Management

Mon, 23 Aug 2010 08:00:00 EST

In this episode, Cliff Quisenberry, CFA, discusses the risk and return characteristics of frontier equity markets and their role in a diversified portfolio.

Volatility and Tax-Aware Investment Management

Thu, 19 Aug 2010 08:00:00 EST

In this episode, Paul Bouchey, CFA, discusses the effect of volatility on long-term capital accumulation and the implications for active tax-management and tax-aware passive portfolio management.

How to Deal with Irate Clients

Mon, 16 Aug 2010 08:00:00 EST

In this episode, Richard L. Peterson provides a medical and emotional description of irate clients and discusses techniques for dealing with them and how advisors should frame solutions.

Information Exchange in Global Private Banking

Thu, 12 Aug 2010 08:00:00 EST

In this episode, Philip Marcovici discusses the implications of increased cross-border information exchanges, the forces driving bank secrecy, and how to regularize a client's tax situation.

Family Offices: Trends and Success Factors

Mon, 09 Aug 2010 08:00:00 EST

In this episode, Laird Pendleton discusses recent trends and changes in multi- and single-family offices and regional differences between the two models.

Identifying Accounting Shenanigans

Fri, 06 Aug 2010 08:00:00 EST

In this episode, Howard Schilit reviews a few cases of accounting fraud and discusses techniques on how to identify accounting irregularities.

Estimating Market Volatility with Sentiment Data

Mon, 02 Aug 2010 08:00:00 EST

In this episode, Dan diBartelomeo discusses how to estimate market sentiment and how to incorporate it into portfolio management and use it to estimate volatility.

Geopolitics and Investing

Fri, 30 Jul 2010 08:00:00 EST

In this episode, Ian Bremmer discusses the geopolitics of the BRIC nations, the Greek debt crisis, and the dramatic global political change over the last 18 months.

Analyzing Hedge Funds

Mon, 26 Jul 2010 08:00:00 EST

In this episode, Ted Seides, CFA, discusses hedge funds, due diligence, and quantitative/qualitative issues with hedge fund selection.

Applying Financial Engineering to Wealth Management

Mon, 19 Jul 2010 08:00:00 EST

In this episode, Zvi Bodie discusses a new starting point for evaluating client needs and approaching wealth management as an exercise in risk management.

Benjamin Graham: Building a Profession

Mon, 12 Jul 2010 08:00:00 EST

In this episode, Rodney Sullivan, CFA, discusses with Jason Zweig a new collection of articles written by Ben Graham.

Give Us (Earnings) Guidance

Mon, 21 Jun 2010 08:00:00 EST

In this episode, Vahan Janjigian, CFA, discusses why efforts to curb earnings guidance are misguided and how best to provide guidance.

Portfolio Management through Time: Transaction Costs, Rebalancing, and Taxes

Mon, 21 Jun 2010 08:00:00 EST

In this episode, Scott Stewart, CFA, discusses main elements of portfolio shortfall and transaction costs and the impact of rising tax rates.

Issues in Risk Management

Mon, 14 Jun 2010 08:00:00 EST

In this episode, Richard Bookstaber discusses risk management issues such as liquidity risk, fat tails, and challenges with correlation.

Insights on Human Behavior and Markets

Mon, 07 Jun 2010 08:00:00 EST

In this episode, Dan Ariely discusses Behavioral Economics vs. Rational Economics and the future directions of economic research.

Exchange-Traded Funds: What Investors Need to Know

Wed, 02 Jun 2010 08:00:00 EST

In this episode, Mark Armbruster, CFA, discusses what makes ETFs different from mutual funds and the advantages and disadvantages of ETFs.

Asset Liability Management in Private Wealth

Tue, 25 May 2010 08:00:00 EST

In this episode, No�l Amenc discusses current private wealth management practices and how they can take into account a client's specific concerns regarding risk management, spending objectives, and time horizon.

Strategic Wealth Management in Asia and Europe

Tue, 25 May 2010 08:00:00 EST

In this episode, Stuart Lucas, CFA, discusses the wealth strategist and strategic wealth management principles applicable in the European and Asian contexts.

Emerging Markets and International Capital Flows

Fri, 11 Jun 2010 08:00:00 EST

In this episode, Tarun Ramadorai discusses the difference between current credit crisis and Asian financial crisis as regarding emerging economies.

Hedge Fund Due Diligence after Madoff

Fri, 14 May 2010 08:00:00 EST

In this episode, Fran�ois Lhabitant discusses if it is possible to prevent another Madoff-like scandal by means of better due diligence.

Risk Return Efficiency of Equity Benchmarks

Fri, 07 May 2010 08:00:00 EST

In this episode, Felix Goltz discusses why cap-weighted equity benchmarks are not risk–return efficient portfolios and alternatives to current cap-weighted equity benchmarks.

Private Equity after the Credit Crisis

Fri, 04 Jun 2010 08:00:00 EST

In this episode, Tim Jenkinson discusses the drying up of bank financing, difficulty in exiting investments, and the shift in balance of power within the private equity asset class.

Applying Behavioral Finance to Personal Investment Management

Wed, 28 Apr 2010 08:00:00 EST

In this episode, Harold Evensky discusses how behavioral biases affect individual decision making and techniques for illustrating these behavior patterns to clients.

A View into Distressed Mortgage Credit

Mon, 26 Apr 2010 08:00:00 EST

In this episode, Randy Appleyard discusses the landscape of non-agency MBS after the financial crisis and how mortgage finance will evolve in the future.

Sovereign Wealth Funds Sourced by Oil Revenue

Mon, 19 Apr 2010 08:00:00 EST

In this episode, Bernd Scherer discusses sovereign wealth funds (SWF) sourced by oil revenue and the impact uncertainty of oil reserves has on asset allocation by SWFs.

Sustainability and Investing

Fri, 16 Apr 2010 08:00:00 EST

In this episode, Cary Krosinsky discusses companies that embody sustainability and speaks about the future of sustainability and investing.

Entrepreneurial Stewardship and Selling the Family Business

Wed, 14 Apr 2010 08:00:00 EST

In this episode, Stuart Lucas, CFA, discusses inter-generational dynasty planning and entrepreneurial stewardship.

Bank Loans: Risk, Return, and the Future of the Asset Class

Mon, 12 Apr 2010 08:00:00 EST

In this episode, Paul Travers discusses leveraged loans and the bank loan asset class.

Trade Management

Fri, 09 Apr 2010 08:00:00 EST

In this episode, Theodore R. Aronson, CFA, discusses issues with regulation, trade management in different asset classes, and how trading has become more sophisticated.

Asset Allocation for Taxable Private Clients

Wed, 07 Apr 2010 08:00:00 EST

In this episode, Gordon B. Fowler, Jr. discusses how a wealth manager should approach asset allocation and the role of index funds and alternative assets in a private client portfolio.

After-Tax Performance Benchmarks: The Australian Experience

Mon, 05 Apr 2010 08:00:00 EST

In this episode, Jamie Perrett explains what a tax-adjusted index is and how the Australian experience influenced and motivated the design of after-tax indices.

Stimulus, Liquidity, and Bubbles: Is China Leading the Global Economic Recovery?

Fri, 02 Apr 2010 08:00:00 EST

In this episode, Jie Gan evaluates China’s role in the global economy.

Derivatives: Past, Present, and Future

Fri, 26 Mar 2010 08:00:00 EST

In this episode, Philip Gocke discusses growth in US and non-US derivatives markets, the impact of the crisis on derivatives use, regulation changes, and the future of derivatives use.

Behavioral Finance: What Can Investors Learn from Their Mistakes?

Fri, 19 Mar 2010 08:22:00 EST

In this episode, Jason Zweig discusses how investor goals should be pursued instead of focusing on risk tolerance and practical applications of behavioral finance.

Unintended Consequences of U.S. Tax Changes

Fri, 12 Mar 2010 08:22:00 EST

In this episode, Robert Gordon discusses the changes to U.S. estate tax law, challenges with formula based wills, and the intricacies of deductibility of interest.

Hedge Funds for Taxable Private Clients

Fri, 05 Mar 2010 08:20:00 EST

In this episode, Dr. Chris Geczy discusses: The role of hedge funds in a private client portfolio--How do high net worth investors access hedge funds?--Are hedge funds worth the price for private clients?

Equity Market Inefficiency

Fri, 22 Jan 2010 08:20:00 EST

In this episode, Robert Haugen discusses the changes fundamental factors that drive stock price performance, components of equity risk, and equity market inefficiency.

Advances in Asset Allocation

Mon, 11 Jan 2010 08:20:00 EST

In this episode, Lionel Martellini discusses the changes have taken place in investment management approaches and how asset allocation and risk management related to each other.

Equity Investing for 2010

Fri, 18 Dec 2009 08:20:00 EST

In this episode, Steven M. Galbraith discusses the following: Equity values in the current economic environment -- Elevated money market balances -- Market strategies for 2010.

Asset Backed Securities: Where Have We Been and Where Are We Going?

Wed, 25 Nov 2009 08:20:00 EST

In this episode, Bob K. Behal, CFA, and David Van Ommeren discuss the following: Dislocation in asset-backed securities markets during the financial crisis -- ABS markets that are working on their own -- ABS markets supported by the government -- Commercial mortgage market outlook and risks.

TIPS Overview and Strategies

Thu, 12 Nov 2009 10:20:00 EST

In this episode, Kenneth E. Volpert, CFA, discusses the following: TIPs mechanics -- Strategies used by active managers with TIPs -- Where are real rates versus history -- Inflation and TIPs performance outlook.

What are Sovereign Wealth Funds?

Wed, 21 Oct 2009 10:00:00 EST

In this episode, George Hoguet, CFA, discusses the following: Historical development of sovereign wealth funds -- Role of sovereign wealth funds during financial crisis -- Importance of sovereign wealth funds as investors -- Concerns over active ownership of foreign companies by sovereign wealth funds.

Sukuk: Concepts and Applications

Sat, 1 Aug 2009 10:19:00 EST

In this episode, Richard T. de Belder discusses the following: What are Sukuk? -- Are Sukuk similar to asset backed securities? -- What are some of the current Sheriah issues facing Sukuk?

Global Equity Investing

Wed, 15 Jul 2009 11:19:00 EST

In this episode, Erik B. Granade, CFA, discusses the following: Global Equity valuation -- How the credit crisis has affected global markets -- Risks associated with Global Equity investing.

Understanding Sustainable Investing

Wed, 1 Jul 2009 11:18:00 EST

In this episode, Nick Robins discusses the following: What is sustainable investing and how is it different from ethical or socially responsible investing? -- What asset classes are covered by sustainable investing? -- What are some of the challenges and opportunities facing sustainable investing?

Risk Management and Tax-Aware Portfolio Strategies for Private Clients

Mon, 15 Jun 2009 11:18:00 EST

In this episode, David M. Stein discusses portfolio and tax management in the context of the current market environment. He describes: Limitations of diversification and risk management strategies -- Tax efficient portfolio management and the importance of tax management -- Standard and new tax management strategies.

Understanding Negative Screening by Islamic Equity Indexes and Funds

Tue, 02 Jun 2009 11:18:00 EST

In this episode, Shaykh Yusuf Talal DeLorenzo discusses the screening process used by Islamic (Shari'a compliant) equity indexes and funds. In addition, Mr. DeLorenzo describes how a company deemed Shari'a compliant can become non-compliant and why investors not seeking Shari'a compliance could be interested in Shari'a compliant investments.

The EVA Framework and the Current Economy

Tue, 09 Dec 2008 11:11:00 EST

In this episode, Joel M. Stern explains the origins and applications of EVA. In addition, Mr. Stern describes the current market conditions, the collapse of the comparative advantage period, and alternative sources of equity funding for public companies.

An Introduction to Islamic Finance

Thu, 30 Oct 2008 12:31:00 EST

In this episode, Usman Hayat, CFA, discusses the fundamentals of Islamic finance and its implications for institutional and private investors. Please visit http://www.cfawebcasts.org/ for more info.

Economic Observations from Bloomberg News' Editor-at-Large

Thu, 16 Oct 2008 10:31:00 EST

In this episode, Thomas R. Keene discusses Federal Reserve policy, economic uncertainty, and the changing risk appetite of the market. Please visit http://www.cfawebcasts.org/ for more info.

Counterparty Risk in Credit Derivatives2

Wed, 17 Sep 2008 11:31:00 EST

In this episode, Adam Litke discusses the problem of counterparty risk in credit derivatives and provides possible solutions including a clearing house for derivatives trades. Please visit http://www.cfawebcasts.org/ for more info.

Environmental, Social, and Governance Factors at Listed Companies: A Manual for Investors

Thu, 17 Jul 2008 10:31:00 EST

In this episode, Matt Orsagh, CFA, CIPM, discusses the report recently released by the CFA Institute Centre for Financial Market Integrity entitled "Environmental, Social, and Governance Factors at Listed Companies: A Manual for Investors". Please visit http://www.cfawebcasts.org/ for more info.

Performance Issues in Private Equity

Tue, 15 Apr 2008 10:30:00 EST

In this episode, Ludovic Phalippou discusses the problems with internal rates of return as the performance metric of choice in the world of private equity. Please visit http://www.cfawebcasts.org/ for more info.

Hedge Fund Demand for Equity Tranches in CDOs

Fri, 28 Mar 2008 11:31:00 EST

In this episode, Shishir M. Udani, CFA, discusses hedge fund demand for equity tranches in CDOs. Please visit http://www.cfawebcasts.org/ for more info.

Executive Compensation: An Investor's Guide to Appropriate Disclosures

Fri, 14 Mar 2008 11:31:00 EST

In this episode, Jim Allen, CFA, discusses the report recently released by the CFA Institute Centre for Financial Market Integrity entitled The Compensation of Senior Executives at Listed Companies: A Manual for Investors. Please visit http://www.cfawebcasts.org/ for more info.

Pension Funds and Inflation Risk

Fri, 29 Feb 2008 11:30:00 EST

In this episode, Christopher C. Finger, Head of Research at RiskMetrics Group, Inc., discusses techniques that can be used by pension funds to hedge their natural exposure to inflation. Please visit http://www.cfawebcasts.org/ for more info.

Asset Manager Ethics in Proxy Voting, Avoidance of Front Running, and GIPS Compliance

Fri, 15 Feb 2008 11:30:00 EST

In this episode, Charles Tschampion, CFA, discusses applications of ethics in proxy voting, front running, and GIPS presentation situations. Please visit http://www.cfawebcasts.org/ for more info.

Ethical Dilemmas in Soft Dollars, Gift Giving, and Proxy Voting

Thu, 31 Jan 2008 10:30:00 EST

In this episode, Charles Tschampion, CFA, discusses applications of the CFA Institute Centre for Financial Market Integrity Asset Manager Code of Professional Conduct as well as an application of its Corporate Governance Manual. Please visit http://www.cfawebcasts.org/ for more info.

The Pricing of Illiquid Securities in the Subprime Space

Tue, 15 Jan 2008 11:30:00 EST

In this episode, Christopher C. Finger, Head of Research at RiskMetrics Group, LLC, discusses the use of the ABX index to help with the problems of accurate marking of positions. Please visit http://www.cfawebcasts.org/ for more info.

Systemic Risk in Structured Products

Fri, 28 Dec 2007 11:30:00 EST

In this episode, Kenneth L. Grant, President of Risk Resources, LLC, discusses where we've been, where we are now, and where we may be going with systemic risk in structured products. Please visit http://www.cfawebcasts.org/ for more info.

Moral Hazard and Excess Liquidity

Wed, 12 Dec 2007 11:30:00 EST

In this Take 15 episode, Richard F. DeMong, CFA, defines the concept of moral hazard and discusses its significance for the subprime mortgage market problems. Please visit http://www.cfawebcasts.org/ for more info.

Basics of Mortgage Securitization

Wed, 14 Nov 2007 11:30:00 EST

In this Take 15 episode, Richard F. DeMong, CFA, discusses the following topics in interview format: The basics of mortgage securitization and creation of CDOs -- Risk transfer and rating risk. Please visit http://www.cfawebcasts.org/ for more info.