CFA Institute Live Webinars Presentation Recorded 04 Oct 2018
Lessons from the Third Wave of Investing: Machine Learning and Alternative Data
The evolution of investing can be divided into three “waves,” according to Michael Weinberg, CFA. The first and second waves of “fundamental discretionary” and “quantitative” investing, respectively, have been followed by an emerging third wave that involves sophisticated computing techniques and leveraging the power of machines. Strategies in the third wave are a confluence of 5 factors: 1) The exponential growth of data, 2) Data science, 3) Machine learning, 4) Record-low processing and storage costs, 5) Playing close to the information edge.
In this webinar, we will cover the following:
- How can the confluence of five factors assist with better investing outcomes?
- What traits are typical of the best and worst third-wave managers from an investment due- diligence perspective?
- How does one differentiate between third-wave managers, and second-wave managers--traditional computational finance managers?
- What are the skill sets and the learning required to become a third- wave manager?
About the Speaker(s)
Michael Oliver Weinberg, CFA, Chief Investment Officer, and Senior Managing Director of MOV37 and Protégé Partners, has 25 years of experience investing directly at the security level, and indirectly as an asset allocator in traditional and alternative assets. His portfolio management experience includes Soros Fund Management LLC, Credit Suisse First Boston, and FRM. Weinberg received an MBA from Columbia Business School, where he is now an Adjunct Professor of Finance and Economics, and a BS in Economics from New York University.
Shreenivas Kunte, CFA, CIPM, is a director of continuing education and advocacy at CFA Institute. In this role, Mr. Kunte contributes to thought leadership in the investment profession. He writes on investing topics in leading publications and represents CFA Institute at conferences and forums. Mr. Kunte serves as an external research scholar at the Indian Institute of Technology Bombay. Previously, he worked as the country trading strategist for Citi in Tokyo, Japan. He holds a degree in computer engineering from the University of Mumbai.