New York Alumni Breakfast Series with Mark Carhart, '95
April 24, 2015: 7:30 AM - 9:00 AM
Risk Factor Investing
The Muse Hotel
130 W. 46th Street
New York, New York
The investment world is flooded with new approaches touted to improve return and diversification. "Smart beta", "fundamental indexing", "risk-parity", and "exotic beta" are popular concepts that are better described as risk factor investing. After explaining these approaches, Mark will discuss some of the issues that investors need to consider before pursuing this type of investment strategy.
Mark Carhart (Speaker) '95
Chief Investment Officer and founding partner, Kepos Capital
Prior to Kepos, Mark was the Co-Chief Investment Officer of the Quantitative Investment Strategies Group at Goldman Sachs Asset Management, where the team managed over $185 billion in assets at its peak. At Goldman Sachs, Mark was named Managing Director in 1999 and Partner in 2004. Prior to joining Goldman, Mark was an Assistant Professor of Finance and Business Economics at the Marshall School of Business at USC, a Senior Fellow of The Wharton Financial Institutions Center, and a consultant for Dimensional Fund Advisors (DFA) and Mercer Global Advisors. His publications include articles in The Journal of Finance and The Review of Financial Studies as well as several chapters in Modern Investment Management: An Equilibrium Approach (Wiley & Co.). Mark earned a B.A. from Yale University in 1988, became a CFA Charterholder in 1991 and received his Ph.D. from the University of Chicago Booth School of Business in 1995. He serves as Chairman of the Board for both Intandem Cycling and Friends of the International Charter School, and is also a Board Member on TIME Advisory Council.