Boardroom Briefing – Eureka! Fund Managers Do Have Stock-Picking Skills! But Does That Translate into High Returns for Clients?

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Date(s) - 20/05/14
10:00am - 11:00am


ACFS/Finsia Office
L46, Rialto South Tower, 525 Collins Street

In this boardroom briefing Professor Ron Bird, Director of the Paul Woolley Centre, will discuss the findings of a number of key studies conducted by the Paul Woolley Centre.

The studies, which have been conducted over the last three years, focus specifically on behaviour within fund management firms and how they translate into performance for clients.

Professor Bird will cover four studies during the briefing:

  1. The stock picking skills of fund managers and their implementation for portfolio construction.
  2. The relationship between the actual positions taken by the managers and how they translate into performance for the fund
  3. The external and internal conflicts in a funds management firm and their implications for clients
  4. The relationship between fund traits and performance and how they can be utilised by investors.

The briefing will provide key insights into investment strategy, execution and performance monitoring and has implications for fund manager selection, compensation and retention.

About the Speaker:

Professor Ron Bird, Director of the Paul Woolley Centre, UTS

Ron’s academic career commenced at Macquarie University in 1970. At the end of 1972 he moved to the Australian National University where he was head of the Commerce Department for several years. Shortly after leaving the ANU in 1988, that university awarded him the title of Emeritus Professor.

Ron then embarked on a career in the private sector; first with Towers Perrin where he was in charge of their asset consulting practice in the Asian region and then at Westpac Investment Management where he was in charge of quantitative investment products.

In 1995 he established a new Sydney-based quantitative funds management firm, in a joint venture with Grantham, Mayo, Van Otterloo (Boston).

He returned to academia at the beginning of 1999, joining the Finance Discipline at the University of Technology Sydney where he is Director of the Paul Woolley Centre for Capital Market Dysfunctionality. He also now holds a part-time position as Professor of Finance at the School of Management, Waikato University and maintains a consulting practice specialising in the financial services industry.

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