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CFA Society of Columbus Luncheon

May 23, 2023 @ 12:00 pm - 2:00 pm

“The Greatest Story Ever Sold”

The impact of passive investment on markets

Please join CFA Columbus in welcoming Michael Green, CFA, Portfolio Manager and Chief Strategist at Simplify as our guest speaker.

Mike Green’s research on the impact of passive investment on markets have been presented to the FED, BIS, and IMF. In this presentation Mike discusses how passive investing has:
1. Increased correlations between securities
2. Increased valuations regardless of fundamentals
3. Reduced market elasticity raising the risks of extraordinary price movements
4. Increased market concentration
5. And has reduced the ability for new companies to become public.

Michael has been a student of markets and market structure, for nearly 30 years. His proprietary research into the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations.

Michael joined Simplify in April 2021 after serving as Chief Strategist and Portfolio Manager for Logica Capital Advisers, LLC. Prior to Logica, Michael managed macro strategies at Thiel Macro, LLC, an investment firm that manages the personal capital of Peter Thiel. Prior to Thiel, Michael founded Ice Farm Capital, a discretionary global macro hedge fund seeded by Soros Fund Management. From 2006-2014, Michael founded and managed the New York office of Canyon Capital Advisors, a $23B multi-strategy hedge fund based in Los Angeles, CA, where he established their global macro strategies, managing in excess of $5B of exposure across equity, credit, FX, commodity and derivative markets.

In addition to his work as a market theorist and portfolio manager, Michael has been noted for his work as a public speaker and financial media participant. He is a graduate of the Wharton School at the University of Pennsylvania and a CFA holder.

Details

Date:
May 23, 2023
Time:
12:00 pm - 2:00 pm

Organizers

CFA Society of Columbus
Rwabutaza Institute of Investing
Rwabutaza Investing Club

Venue

Sheraton on Capitol Square
75 E. State Street
Columbus, OH 43215 United States
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