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Using risk models to analyze recent market events and deliver actionable insight [Complete] Event Code: 170830LU
Date 30-Aug-2017
Time 12:15 p.m. - 1:30 p.m.
Venue 14/F, BOC Group Life Assurance Tower, 136 Des Voeux Road Central, Hong Kong
Speaker(s) Mr. Joel Coverdale, CFA
Managing Director, Asia Pacific for Axioma Inc.
Fee HKSFA Member(s) at HK$150.0/person
CFA Candidate(s) at HK$230.0/person
Guest(s) and Non-member(s) at HK$300.0/person
This seminar is qualified for 1 CPT hour(s), 1 CE hour(s), 1 RBV CPD hour(s)
> >CFA Society Global Passport Program Eligible   
- CFA Candidate(s) for Year 2017/18 only.
- Sandwiches and drinks will be provided.
- Only Visa and Master Card are accepted for online payment.
- Language: English

Event Details
HKSFA is pleased to welcome Mr. Joel Coverdale, CFA, Managing Director of Asia Pacific for Axioma Inc., to present at our continuing education luncheon entitled "Using risk models to analyze recent market events and deliver actionable insight".  The presentation would cover the following topics:
  • Risk has fallen fairly steadily since July 2016, and for most benchmarks ended Q1 at less than half the levels of a year ago, and 20-30% below year-end levels.
  • Short Horizon risk for FTSE Developed is at roughly an all-time low (since 2000), most other benchmarks have 1 to 3 percentage points higher risk than the 10-year trough.
  • In the US, Small Cap style is now much riskier than large-cap.
  • Emerging market risk premium over their Developed counterpart has also climbed.
  • Market risk was the main driver of the developed market decrease, although most components contributed (unlike in Q4).
  • Risk decomposition showed lower factor volatilities, lower stock volatilities and lower asset-asset correlations Q4 to Q1.

About the Speaker

Mr. Joel Coverdale, CFA 
Managing Director
Asia Pacific for Axioma Inc. 

Mr. Joel Coverdale, CFA, holds the position of Managing Director, Asia Pacific for Axioma Inc. He joined the firm in January 2016 . Based in Hong Kong, Joel is responsible for business development and operations for the Asia Pacific region. Joel brings over 17 years of industry experience in Asia and Europe, including almost 10 years at BlackRock in a number of senior risk management roles across the Asian business and before that, at MSCI Barra in London, as a senior consultant. He has extensive risk management experience working with multiple asset classes across a diverse set of geographic regions.

Rating - General
(Material presented will be basic and of interest to a general audience having no background in the area.)

CFA Societies Global Passport Program 

HKSFA has participated in the CFA Societies Global Passport Program which allows CFA society members to enjoy local society member rate at selected events like this luncheon.  Members of non-HKSFA CFA Institute societies qualify to attend this event at HKSFA member rates.  Please contact HKSFA at to register