LOGIN INFORMATION

  • Members must sign in before registering to receive member pricing. If you don't know what your sign-in is, please click here.

  • The system allows multiple purchases per login, which means members and guests may register additional guests. 

  • Logins are not required for guests.


CANCELLATION POLICY

To cancel, please contact info@cfacolorado.org directly.
Cancellation policy:  48 hours in advance of the program for a no-charge cancellation.


The views expressed by the speakers do not necessarily reflect the views or policies of CFA Society Colorado, its Board of Directors or its members. CFA Society Colorado does not guarantee the source, originality, accuracy, completeness or reliability of any statement, information, data, finding, interpretation, advice, opinion, or view presented, nor does it make any representation concerning the same.

Before It’s Too Late...Using Lumber and Gold to Actively Manage Stocks and Bonds


April 17, 2018
12:00 PM - 1:30 PM

Denver Country Club
1700 E. 1st Ave
Denver, CO 80218
Venue website

Before It’s Too Late...Using Lumber and Gold to Actively Manage Stocks and Bonds

In their 2015 NAAIM Wagner award-winning paper, Charlie Bilello and Michael A. Gayed uncover a market anomaly in the relative movement of Lumber to Gold. They show that the relationship between these two commodities provides important information on economic growth and inflation expectations, which gradually diffuses with a lag to stock and bond markets. Bilello and Gayed use Lumber and Gold as a signal to help answer the most critical question for active asset managers: when to take more risk (“play offense”) and when to take less risk (“play defense”) in an investment portfolio – before it’s too late.

Speaker Bio: Michael Gayed, Chief Investment Strategist at Pension Partners, LLC

Michael A. Gayed, CFA, winner of the 2016 Dow Award and 2015 NAAIM Wagner Award, is chief investment strategist and co-portfolio manager at Pension Partners, LLC., an investment advisor which manages mutual funds and separate accounts according to its ATAC strategies. Prior to this role, Gayed served as a portfolio manager for a large international investment group, trading long/short investment ideas in an effort to capture excess returns. From 2004 to 2008, Gayed was a strategist at AmeriCap Advisers LLC, a registered investment advisory firm that managed equity portfolios for large institutional clients. In 2007, he launched his own long/short hedge fund, using various trading strategies focused on taking advantage of stock market anomalies. Follow him on Twitter @pensionpartners and YouTube youtube.com/pensionpartners. He has re-released his father's 1990 book Intermarket Analysis and Investing, now available on Amazon.com.


 

No-shows and cancellations within 48 hours of the event will be assessed an additional $35 fee.