Established in 2008, the Investment Management Research Workshop showcases contemporary academic research that is relevant to investment management. The one-day program features an academic faculty from leading international and Australian universities presenting investment research for consideration, discussion and feedback. It is presented in collaboration with Macquarie University and supported by CIMA Society of Australia.

IMR Workshop gives you a rare opportunity to join with the full spectrum of investment analysts - academics, professional investors, consultants, practitioners and advocates - to consider contemporary investment research.

We'd welcome you joining us!

Graham Rich                                                    Professor Ron Bird
Managing Partner & Dean                             Director - Investment Management Research Program
Portfolio Construction Forum                          Professor Emeritus, Australian National University



Overview  When and where, aim, who it's suited to, CE accreditation

Program  Faculty, Program at a glance, Program structure

Register  Registration options, terms and conditions

More about IMR Workshop  Who's involved, why it's different, knowledge domains, program structure




Wednesday 15 May 2019
- Arrive 9.45am-10.00am to check in
- Take your seat by 10.10am
- The program starts at 10.15am sharp, and ends at 5.30pm
- Followed by a Networking Reception to 7.00pm

Come to Macquarie University City Campus, L24, 123 Pitt Street, Sydney, Australia     Getting there


To enable you to join with the full spectrum of investment analysts - academics, professional investors, consultants, practitioners and advocates - to consider key contemporary investment research issues.


IMR Workshop is relevant to the full spectrum of investment analysts  - academics, professional investors, consultants, practitioners and advocates.

Each year, more than 100 delegates attend the program, one-third being academics, and two-thirds being financial services professionals - both practitioners and advocates focused on the spectrum of issues involved in designing and building investment portfolios. This includes those from private wealth management firms, investment research and consulting houses, and funds management, superannuation and investment platform companies.

IMR Workshop is particularly suited to CIMA® certificants and CFA Charterholders.


By attending the live program in full, delegates can earn 5.5 CE Hours that can be used to help meet the CE/CPD requirements of 15 regulators, associations, institutes and designations - including ASIC RG104/105/146 and FASEA CE/CPD requirements, and CIMA certificants’ CE commitments.



The Investment Management Research Workshop is a rare opportunity for the full spectrum of investment analysts - academics, professional investors, consultants, practitioners and advocates - to come together to consider and discuss contemporary investment research.


Program at a glance

Program structure



Moshe Milevsky, PhD, Professor, Schulich School of Business, York University (Toronto)
Moshe is a finance professor at the Schulich School of Business at York University in Toronto. He is also a member of the graduate faculty in the Department of Mathematics and Statistics and Managing Director of PiLECo. He is a leading authority on the intersection of wealth management, financial mathematics and insurance. Moshe has published 13 books and over 60 peer-reviewed scientific articles. 


Susan Thorp, PhD, Professor, University of Sydney Business School (Sydney)
Susan is Professor of Finance. Prior to joining the University of Sydney in 2015, she was Professor of Finance and Superannuation at the UTS. She researches household and consumer finance with a particular focus on retirement savings and decumulation. Susan has published 40 papers in international academic journals. She is also a regular contributor to consumer finance and superannuation policy discussions.


Timothy Kyng, Associate Professor, Macquarie University (Sydney)
Tim is Associate Professor in the Department of Actuarial Studies and Business Analytics. His most recent research is focused on retirement villages and aged care issues, including the risks for residents in transferring to other accommodation, particularly an aged care facility, and he is also part of the team that created a retirement village online pricing comparison tool.


Brendan Coates, Australian Perspectives Fellow, Grattan Institute (Melbourne)
Brendan’s research focuses on tax reform, economic and budget policy, retirement incomes and superannuation, housing, transport infrastructure and cities. Before Grattan, he worked as a macro-financial economist with the World Bank in Indonesia and Latin America, and prior to that, he undertook a number of roles with the Australian Treasury.


Geoff Warren, PhD, Associate Professor, Australian National University (Sydney)
Geoff is Fund Convenor of the ANU Student Managed Fund. He is an active researcher who focuses on investment-related areas with an applied emphasis, including: funds management; superannuation; portfolio construction; long-term investing; and, the evaluation and taxation of investments. Prior to his academic career, Geoff spent over 20 years in investment management


Ron Bird, Director - Investment Management Research Program & Professor Emeritus, Australian National University (Sydney)
Ron worked in academia from 1970 to 1988, firstly at Macquarie  University and then at Australian National University. From 1989 to 1998, he held a number of non-academic roles, including head of asset consulting and global research at Towers Perrin, and investment positions at Westpac Investment Management and GMO. He returned to academia in 1999 in the Finance department of UTS from which he retired in 2018. In 2018, Ron’s contribution to universities was further recognised when he was appointed an Honorary Professor at both Macquarie University and Waikato University.


Graham Rich, Managing Partner & Dean, Portfolio Construction Forum (Sydney)
Graham is a pioneer of retail managed funds research in Australasia, and of financial planning in NZ. In 2002, Graham established Portfolio Construction Forum, the specialist, independent continuing education, accreditation and certification service for investment portfolio construction practitioners in Australia and NZ.


Wednesday 15 May 2019

9.45am:  Arrive, check in, grab a coffee/tea

10.00am:  Take a seat

10.15am:  Welcome & introduction
- Graham Rich

10.30am:  Masterclass
Portfolio Longevity: Measuring, Managing and Monitoring
- Professor Moshe Milevsky
During the accumulation phase of the financial lifecycle, while investors are saving money for retirement, their portfolio is growing, and the concept of portfolio longevity is quite meaningless. Eventually though, peak-wealth is achieved. The portfolio then begins its natural and programmed decline as cash-flow withdrawals exceed investment gains. This Masterclass provides delegates with the computational skills required to measure, manage and monitor portfolio longevity and effectively ensure it exceeds human longevity.

1.00pm:  Lunch break

1.45pm:  Research Paper
Retirement Villages - the good, the bad and the ugly
- Assoc Professor Timothy Kyng

2.30pm:  Research Paper
Brands, Home brands and trust: How option labels affect retirement portfolios
- Professor Susan Thorp

3.15pm:  Afternoon break

3.45pm:  Panel
How Good is the Australian Superannuation System?
The Australian superannuation system has always achieved a high ranking in international surveys - most recently, ranking fourth out of 34 countries in the Melbourne Mercer Global Pension Index 2018. However, Australia's rank for adequacy dropped to 15th, leading to the conclusion that the Australian superannuation system has a sound structure, with many good features, but has some areas for improvement. These have been put under the microscope in the last few months with the release of three reports analysing differing aspects of the system:
1. Money in Retirement: More than Enough released by the Grattan Institute in November 2018
2. Superannuation; Assessing Efficiency and Competitiveness released by the Productivity Commission in December 2018
3. Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry released in February 2019.
In this session, our panel will consider the implications of each of these reports and the insights that they provide as to the areas on which we should focus in our search for improvement in the Australian superannuation system.
- Brendan Coates
- Assoc Professor Geoff Warren
- Professor Ron Bird

5.30pm:  Networking Reception

7.00pm:  Investment Management Research Workshop 2019 ends


Like all our blended live and online continuing education programs, the Investment Management Research Workshop is an integrated learning program with preparation, participation and review.


To maximise learning, delegates are provided with pre-reading aimed at boosting their knowledge and getting them thinking about the issues to be addressed in the program. The preparation is assumed prior knowledge.


The live program is comprised of a 2.5-hour Masterclass (classroom) program and 3.0-hour Lecture Series (classroom) program, all of which involve a high level of group discussion and feedback.


After the live program, delegates' learning continues. The presentations are webcast on – a page per presentation featuring the sync'd video and slides, podcast, slides and paper(s) - so delegates can revisit the sessions they attended and review their key takeouts.



By registering for Investment Management Research Workshop 2019, you agree you have read, understood and agree to be bound by our Registration Terms and Conditions.
- All
fees are A$ ex-GST per person.
- Early bird registration ends Tuesday 30 April 2019.


Academics:  A$95+GST per person   Register now

Financial Services Professionals:  A$395+GST per person   Register now

CIMA Society of Australia members:  A$195+GST per person   Register now 
CIMA Society of Australia members receive a special one-off 50% discount on the Financial Services Professional rate, with the Forum's compliments, as CIMA Society of Australia's strategic partner in the management and delivery of CIMA
® certification and member continuing education services.


Registration for the Program is subject to the standard Portfolio Construction Forum Program Terms and Conditions. By registering, you agree you have read, understood and agree to be bound by these, including but not limited to the CE policy and Cancellations policy.

Registration inclusions

Registration for Investment Management Research Workshop 2019 includes one individual attending the Program on Wednesday 15 May 2019 including lunch, afternoon break and networking drinks, as well as membership of and access to the webcast published after the program. Travel, accommodation, parking and other costs related to attending the Program are not included.