CFA Institute Take 15 Series: 10-15 minute interviews with leading practitioners on timely topics in market and credit risk as well as ethics. CFA Institute is a global membership organization that awards the Chartered Financial Analyst® (CFA®) designation. CFA Institute leads the investment industry by setting the highest standards of ethics and professional excellence and vigorously advocating fair and transparent capital markets.

Scott Stewart, CFA, discusses main elements of portfolio shortfall and transaction costs and the impact of rising tax rates.
Direct download: CFA_Institute_T15_052.mp3
Category:Podcasts -- posted at: 9:00am EDT

Richard Bookstaber discusses risk management issues such as liquidity risk, fat tails, and challenges with correlation.
Direct download: CFA_Institute_Take_15_Ep51.mp3
Category:Podcasts -- posted at: 9:00am EDT

Tarun Ramadorai discusses the difference between current credit crisis and Asian financial crisis as regarding emerging economies.
Direct download: CFA_Institute_Take_15_Ep46.mp3
Category:Podcasts -- posted at: 9:00am EDT

Dan Ariely discusses Behavioral Economics vs. Rational Economics and the future directions of economic research.
Direct download: CFA_Institute_Take_15_Ep50.mp3
Category:Podcasts -- posted at: 9:00am EDT

Tim Jenkinson discusses the drying up of bank financing, difficulty in exiting investments, and the shift in balance of power within the private equity asset class.
Direct download: CFA_Institute_Take_15_Ep42.mp3
Category:Podcasts -- posted at: 9:00am EDT

Mark Armbruster, CFA, discusses what makes ETFs different from mutual funds and the advantages and disadvantages of ETFs.
Direct download: CFA_Institute_Take_15_Ep49.mp3
Category:Podcasts -- posted at: 9:00am EDT

Noël Amenc discusses current private wealth management practices and how they can take into account a client's specific concerns regarding risk management, spending objectives, and time horizon.
Direct download: CFA_Institute_Take_15_Ep48.mp3
Category:Podcasts -- posted at: 9:00am EDT

Stuart Lucas, CFA, discusses the wealth strategist and strategic wealth management principles applicable in the European and Asian contexts.
Direct download: CFA_Institute_Take_15_Ep47.mp3
Category:Podcasts -- posted at: 9:00am EDT

François Lhabitant discusses if it is possible to prevent another Madoff-like scandal by means of better due diligence.
Direct download: CFA_Institute_Take_15_Ep45.mp3
Category:Podcasts -- posted at: 9:00am EDT

Felix Goltz discusses why cap-weighted equity benchmarks are not risk–return efficient portfolios and alternatives to current cap-weighted equity benchmarks.
Direct download: CFA_Institute_Take_15_Ep43.mp3
Category:Podcasts -- posted at: 9:00am EDT

Harold Evensky discusses how behavioral biases affect individual decision making and techniques for illustrating these behavior patterns to clients.
Direct download: CFA_Institute_Take_15_Ep40.mp3
Category:Podcasts -- posted at: 9:00am EDT

Randy Appleyard discusses the landscape of non-agency MBS after the financial crisis and how mortgage finance will evolve in the future.
Direct download: CFA_Institute_Take_15_Ep39.mp3
Category:Podcasts -- posted at: 9:00am EDT

Bernd Scherer discusses sovereign wealth funds (SWF) sourced by oil revenue and the impact uncertainty of oil reserves has on asset allocation by SWFs.
Direct download: CFA_Institute_Take_15_Ep38.mp3
Category:Podcasts -- posted at: 9:00am EDT

Cary Krosinsky discusses companies that embody sustainability and speaks about the future of sustainability and investing.
Direct download: CFA_Institute_Take_15_Ep37.mp3
Category:Podcasts -- posted at: 9:00am EDT

Stuart Lucas, CFA, discusses inter-generational dynasty planning and entrepreneurial stewardship.
Direct download: CFA_Institute_Take_15_Ep36.mp3
Category:Podcasts -- posted at: 9:00am EDT

Paul Travers discusses leveraged loans and the bank loan asset class.
Direct download: CFA_Institute_Take_15_Ep35.mp3
Category:Podcasts -- posted at: 9:00am EDT

Theodore R. Aronson, CFA, discusses issues with regulation, trade management in different asset classes, and how trading has become more sophisticated.
Direct download: CFA_Institute_Take_15_Ep34.mp3
Category:Podcasts -- posted at: 9:00am EDT

Gordon B. Fowler, Jr. discusses how a wealth manager should approach asset allocation and the role of index funds and alternative assets in a private client portfolio.
Direct download: CFA_Institute_Take_15_Ep33.mp3
Category:Podcasts -- posted at: 9:00am EDT

Jamie Perrett explains what a tax-adjusted index is and how the Australian experience influenced and motivated the design of after-tax indices.
Direct download: CFA_Institute_Take_15_Ep32.mp3
Category:Podcasts -- posted at: 9:00am EDT

Jie Gan evaluates China's role in the global economy.
Direct download: CFA_Institute_Take_15_Ep31.mp3
Category:Podcasts -- posted at: 9:00am EDT

Philip Gocke discusses growth in US and non-US derivatives markets, the impact of the crisis on derivatives use, regulation changes, and the future of derivatives use.
Direct download: CFA_Institute_Take_15_Ep30.mp3
Category:Podcasts -- posted at: 9:00am EDT

Jason Zweig discusses how investor goals should be pursued instead of focusing on risk tolerance and practical applications of behavioral finance.
Direct download: CFA_Institute_Take_15_Ep29.mp3
Category:Podcasts -- posted at: 9:22am EDT

Robert Gordon discusses the changes to U.S. estate tax law, challenges with formula based wills, and the intricacies of deductibility of interest.
Direct download: CFA_Institute_Take_15_Ep28.mp3
Category:Podcasts -- posted at: 8:22am EDT

Robert Haugen discusses the changes fundamental factors that drive stock price performance, components of equity risk, and equity market inefficiency.
Direct download: CFA_Institute_Take_15_Ep26.mp3
Category:Podcasts -- posted at: 8:20am EDT

Lionel Martellini discusses the changes have taken place in investment management approaches and how asset allocation and risk management related to each other.
Direct download: CFA_Institute_Take_15_Ep25.mp3
Category:Podcasts -- posted at: 8:20am EDT

Steven M. Galbraith discusses the following: Equity values in the current economic environment -- Elevated money market balances -- Market strategies for 2010.
Direct download: CFA_Institute_Take_15_Ep24.mp3
Category:Podcasts -- posted at: 8:20am EDT

Bob K. Behal, CFA, and David Van Ommeren discuss the following: Dislocation in asset-backed securities markets during the financial crisis -- ABS markets that are working on their own -- ABS markets supported by the government -- Commercial mortgage market outlook and risks.
Direct download: CFA_Institute_Take_15_Ep23.mp3
Category:Podcasts -- posted at: 8:20am EDT

Kenneth E. Volpert, CFA, discusses the following: TIPs mechanics -- Strategies used by active managers with TIPs -- Where are real rates versus history -- Inflation and TIPs performance outlook.
Direct download: CFA_Institute_Take_15_Ep22.mp3
Category:Podcasts -- posted at: 10:20am EDT

George Hoguet, CFA, discusses the following: Historical development of sovereign wealth funds -- Role of sovereign wealth funds during financial crisis -- Importance of sovereign wealth funds as investors -- Concerns over active ownership of foreign companies by sovereign wealth funds.
Direct download: CFA_Institute_Take_15_Ep21.mp3
Category:Podcasts -- posted at: 11:00am EDT

Richard T. de Belder discusses the following: What are Sukuk? -- Are Sukuk similar to asset backed securities? -- What are some of the current Sheriah issues facing Sukuk?
Direct download: CFA_Institute_Take_15_Ep20.mp3
Category:Podcasts -- posted at: 11:19am EDT

Erik B. Granade, CFA, discusses the following: Global Equity valuation -- How the credit crisis has affected global markets -- Risks associated with Global Equity investing.
Direct download: CFA_Institute_Take_15_Ep19.mp3
Category:Podcasts -- posted at: 12:19pm EDT

Nick Robins discusses the following: What is sustainable investing and how is it different from ethical or socially responsible investing? -- What asset classes are covered by sustainable investing? -- What are some of the challenges and opportunities facing sustainable investing?
Direct download: CFA_Institute_Take_15_Ep18.mp3
Category:Podcasts -- posted at: 12:18pm EDT

David M. Stein discusses portfolio and tax management in the context of the current market environment. He describes: Limitations of diversification and risk management strategies -- Tax efficient portfolio management and the importance of tax management -- Standard and new tax management strategies.
Direct download: CFA_Institute_Take_15_Ep17.mp3
Category:Podcasts -- posted at: 12:18pm EDT

Shaykh Yusuf Talal DeLorenzo discusses the screening process used by Islamic (Shari'a compliant) equity indexes and funds. In addition, Mr. DeLorenzo describes how a company deemed Shari'a compliant can become non-compliant and why investors not seeking Shari'a compliance could be interested in Shari'a compliant investments.
Direct download: CFA_Institute_Take_15_Ep16.mp3
Category:Podcasts -- posted at: 12:18pm EDT

Joel M. Stern explains the origins and applications of EVA. In addition, Mr. Stern describes the current market conditions, the collapse of the comparative advantage period, and alternative sources of equity funding for public companies.
Direct download: CFA_Institute_Take_15_Ep15.mp3
Category:Podcasts -- posted at: 11:11am EDT

Usman Hayat, CFA, discusses the fundamentals of Islamic finance and its implications for institutional and private investors. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep14.mp3
Category:Podcasts -- posted at: 1:31pm EDT

Thomas R. Keene discusses Federal Reserve policy, economic uncertainty, and the changing risk appetite of the market. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep13.mp3
Category:Podcasts -- posted at: 11:31am EDT

Adam Litke discusses the problem of counterparty risk in credit derivatives and provides possible solutions including a clearing house for derivatives trades. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep12.mp3
Category:Podcasts -- posted at: 12:31pm EDT

Matt Orsagh, CFA, CIPM, discusses the report recently released by the CFA Institute Centre for Financial Market Integrity entitled "Environmental, Social, and Governance Factors at Listed Companies: A Manual for Investors". Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep11.mp3
Category:Podcasts -- posted at: 11:31am EDT

Ludovic Phalippou discusses the problems with internal rates of return as the performance metric of choice in the world of private equity. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep10.mp3
Category:Podcasts -- posted at: 11:30am EDT

Shishir M. Udani, CFA, discusses hedge fund demand for equity tranches in CDOs. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep9.mp3
Category:Podcasts -- posted at: 12:31pm EDT

Jim Allen, CFA, discusses the report recently released by the CFA Institute Centre for Financial Market Integrity entitled The Compensation of Senior Executives at Listed Companies: A Manual for Investors. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep8.mp3
Category:Podcasts -- posted at: 12:31pm EDT

Christopher C. Finger, Head of Research at RiskMetrics Group, Inc., discusses techniques that can be used by pension funds to hedge their natural exposure to inflation. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep7.mp3
Category:Podcasts -- posted at: 11:30am EDT

Charles Tschampion, CFA, discusses applications of ethics in proxy voting, front running, and GIPS presentation situations. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep6.mp3
Category:Podcasts -- posted at: 11:30am EDT

Charles Tschampion, CFA, discusses applications of the CFA Institute Centre for Financial Market Integrity Asset Manager Code of Professional Conduct as well as an application of its Corporate Governance Manual. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep5.mp3
Category:Podcasts -- posted at: 10:30am EDT

Christopher C. Finger, Head of Research at RiskMetrics Group, LLC, discusses the use of the ABX index to help with the problems of accurate marking of positions. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep4.mp3
Category:Podcasts -- posted at: 11:30am EDT

Kenneth L. Grant, President of Risk Resources, LLC, discusses where we've been, where we are now, and where we may be going with systemic risk in structured products. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep3.mp3
Category:Podcasts -- posted at: 11:30am EDT

In this Take 15 episode, Richard F. DeMong, CFA, defines the concept of moral hazard and discusses its significance for the subprime mortgage market problems. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_Take_15_Ep2.mp3
Category:Podcasts -- posted at: 11:30am EDT

In this Take 15 episode, Richard F. DeMong, CFA, discusses the following topics in interview format: The basics of mortgage securitization and creation of CDOs -- Risk transfer and rating risk. Please visit http://www.cfawebcasts.org/ for more info.
Direct download: CFA_Institute_T15_001.mp3
Category:Podcasts -- posted at: 11:30am EDT



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