Investment Management Research Workshop

Advancing investment management research

Established in 2008, the Investment Management Research Workshop showcases contemporary academic research that is relevant to investment management.  Presented in Sydney each May, 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.

The Investment Management Research 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.

Register now!  Investment Management Research Workshop 2019 (15 May).

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

 

QUICKLINKS

Best suited to  Academics, professional investors, consultants, practitioners, advocates

About the program  Who's involved, why it's different, knowledge domains, program structure

Past programs  Links to prior programs including presentations and papers

 

BEST SUITED TO

The Investment Management Research Workshop is relevant to the full spectrum of investment analysts including:

academics - those who are focused on research in funds management (across all asset classes); wealth management (particularly investment and superannuation); and, banking (particularly financial intermediation and regulation);

professional investors - those involved in constructing portfolios of individual securities;

consultants - those engaged in providing consulting services to practitioners;

practitioners - both institutional and wholesale investment management analysts involved in designing and building investment portfolios using (but not necessarily limited to) managed funds from a range of firms. This includes: investment advisers, researchers/analysts and portfolio managers from private wealth management companies; fund analysts and asset consultants from fund research and fund investment consulting firms; fund researchers/analysts and portfolio managers from multi-manager funds management, superannuation, and investment platform companies; and, investment professionals managing private investment funds (e.g. private corporate super funds, endowment funds, government departments and universities, etc); and,

advocates - business professionals with analytical responsibilities, from any investment firm.

 

ABOUT THE PROGRAM

WHO'S INVOLVED

The Investment Management Research Workshop was established by Professor Ron Bird while at UTS, as part of the UTS Paul Woolley Centre for Capital Markets Dysfunctionality established in 2007.

In 2017, Portfolio Construction Forum became involved under the auspices of the Investment Management Research Program, the specialist academic research unit of Portfolio Construction Forum.

The Investment Management Research program has three activities:

1. Research - Commissioning research that furthers the efficiency and effectiveness of the flow investment funds along the continuum from savers to the ultimate investment outcomes.

2. Debate - Facilitating interaction between academics from leading international and Australian universities, professional investors, consultants, practitioners and advocates through two annual classroom-style programs, the one-day Investment Management Research Workshop (May) and the two-day Investment Management Research Symposium (November).

3. Educate - Presenting a range of university level short courses, including the Investment Management Analyst Course (IMAC), core to the global Certified Investment Management Analyst® certification program. The Investment Management Research Program is one of four CIMA Registered Education Providers globally.

In 2019, the Investment Management Research Program established a collaboration with Macquarie University, and Professor Tom Smith, Head of the Department of Applied Finance, joined the IMR Program Committee.

The CIMA Society of Australia, the professional association for Certified Investment Management Analysts in Australia and NZ, supports the Investment Management Research Program as its initiatives are particularly suited to helping CIMA certificants meet their ongoing continuing education commitment.

WHY IT'S DIFFERENT

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.

It has three key differentiators:

focused - singularly focused on research in funds management (across all asset classes); wealth management (particularly investment and superannuation); and, banking (particularly financial intermediation and regulation);

specialist - for investment analysts first and foremost, with a firm focus on academic research; and,

independent - independently curated and moderated one-day classroom-style program.

It is a companion program to the annual two-day Investment Management Research Symposium held in Sydney each November.

KNOWLEDGE DOMAINS

The Investment Management Research Workshop presents research from across three of the five Forum knowledge Domains.

Markets – understanding the drivers of and outlook for the investment markets
The drivers of global securities markets are many and ever-changing, as geopolitical, macroeconomic and corporate developments influence the relative attractiveness of equities, debt and other asset classes in a secular, structural and cyclical manner. By understanding what drives markets and why and how they operate, portfolio construction practitioners may better identify and understand the fundamental long-term drivers of and outlook for investment markets.

Strategies – designing robust investment strategies to meet defined objectives
Portfolio construction practitioners are responsible for designing, building and implementing strategies that are capable of meeting the long-term objectives of end investors. By applying a robust portfolio construction philosophy and knowledge of investment markets and theory, practitioners can design investment strategies – encompassing portfolio design, including setting objectives, asset allocation, risk and currency management, and appropriately selecting and blending investments – to build and manage portfolios to meet investors’ objectives, in accumulation and/or decumulation.

Investing – identifying quality investment management solutions and their place in portfolios
Quality portfolios can only be achieved if practitioners successfully identify and select suitable, high quality investment managers and products, identified through robust quantitative and qualitative research. The Forum collaborates with leading investment management researchers, consultants, academics and practitioners to address and assess these issues, to help practitioners better understand the underlying philosophies and strategies of investment managers and funds, emerging product trends and the interplay of these factors with other Knowledge Domains. Through expert knowledge of individual investment management products, and the market as a whole, practitioners are better equipped to design, build and manage portfolios to meet the long-term financial needs of individual investors.

PROGRAM STRUCTURE

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.

Prepare

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.

Participate

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.

Review

After the live program, delegates' learning continues. The presentations are webcast on portfolioconstructionforum.edu.au – 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.

 

PAST PROGRAMS

INVESTMENT MANAGEMENT RESEARCH WORKSHOP 2018

The mysteries of minimum-variance investing
- Steve Satchell, PhD, Professor in Discipline of Finance, The University of Sydney Business School

Information diffusion and speed competition
- Tony He, PhD, Professor of Finance, UTS

The impact of loan loss provisioning on bank capital requirements
- Harry Scheule, PhD, Professor of Finance, UTS

Buying En Primeur: The rise of the Grand Cru houses in the private capital markets and implications for investment governance in Australian superannuation funds
- Martin Fahy, PhD, CEO, Association of Superannuation Funds of Australia (ASFA)

The impact of performance measurement without imputation on fund manager and corporate behaviour
- Tim Farrelly, Principal, farrelly's Investment Strategy

Understanding how people spend their money in retirement
- Aaron Minney, CFA, Head of Retirement Income Research, Challenger