Quantitative Analyst March 23, 2018 Jessica Murray, CFA, Portfolio - - PowerPoint PPT Presentation

A G E N D A

1

A Day in the Life:

Quantitative Analyst

March 23, 2018 Jessica Murray, CFA, Portfolio Manager Thomas Crandall, CFA, CAIA, MBA, Senior Quantitative Analyst – Asset Allocation Patrick Persons, Quantitative Analyst

1 Introductions 2 Background & Career Path 3 Firm/Team Overview 4 Duties/Responsibilities in the Role of a Quantitative Analyst 5 Opportunities/Challenges 6 Skill Set 7 Q & A A G E N D A

2

B A C K G R O U N D & C A R E E R

3

PAT H

Jessica Murray, CFA Thomas Crandall, CFA, CAIA, MBA Education

• MBA, University of Alaska Fairbanks
• BA, University of Alaska Fairbanks
• CFA Charterholder
• CAIA Charterholder

Education

• BS, University of Richmond
• CFA Charterholder

Education

• MS Financial Mathematics,

University of Minnesota – Twin Cities

• BS/BA – University of Saint Thomas
• CFA Level II Candidate

Patrick Persons Work History

• Thrivent Asset Management

(Current)

• FAF Advisors
• FactSet Research Systems

Work History

• Ameriprise Financial (Current)
• Orgel Wealth Management
• Quantitative Advantage
• Holland Capital Management

Work History

• Parametric Portfolio Associates

(Current)

• Ameriprise Financial
• Leuthold Weeden Capital

Management

Volunteer Work / Other

• CFA Society of Minnesota –

Prior Treasurer

• Meals on Wheels delivery
• Hospice volunteer

Volunteer Work / Other

• CFA Society of Minnesota – Board

Member

• Pursuing the Chartered Market

Technician (CMT)

• IronMan Triathlete

Volunteer Work / Other

• Adjunct Professor of

Mathematics at the University

• f St. Thomas
• Junior Achievement Volunteer
• Ironman Triathlete

F I R M O V E R I E W

4

Jessica Murray, CFA Thomas Crandall, CFA, CAIA, MBA Firm: Ameriprise Financial

• $800+ Billion Assets Under

Management or Administration

• Approximately 10,000 Financial

Advisors across the U.S.

• Fortune 500 Company
• Subsidiaries include Columbia

Threadneedle and RiverSource Annuities and Insurance

• Founded in Minneapolis in 1894

as Investors Syndicate

Firm: Thrivent Financial

• Not-for-profit membership
• rganization
• #316 on Fortune 500 (June 2017)
• $136 billion in AUM/AUM (as of

12/31/2017)

• $280 million raised and donated

by Thrivent and our members in 2017

• 14.4 million volunteer hours from
• ur members in 2017 to make a

difference in their communities

• Named a “World’s Most Ethical

Company” by Ethisphere Institute for the past 7 years

Patrick Persons Firm: Parametric Portfolio Associates

• $230+ Billion Under Management
• Formally the Clifton Group,

founded in 1972

• Acquired by Parametric Portfolio

Associates in 2012

• Parametric is a Subsidiary of

Eaton Vance Corporation

T E A M O V E R V I E W

5

Jessica Murray, CFA Thomas Crandall, CFA, CAIA, MBA Team

• 40 Members of the

Investment Research Group

• 13 Members of the Global

Asset Allocation Committee

• 28 Analysts 4 Strategists
• 19 CFA Charterholders

4 CAIA Charterholders

• Asset Allocation, Due

Diligence, Manager Research, Security Analysis

• Minneapolis and Detroit

Team

• Over 100 Members of the

Investment Research Group

• 3 Members of the Small Cap

Core Portfolio Management Team

• 12 Analysts, Pool of Industry

Specialists

• 80 CFA Charterholders
• Factor Analysis, Stock Selection

Models, Portfolio Construction, Risk Management

• Minneapolis and Appleton, WI

Patrick Persons Team

• 85+ Client-Facing

Professionals Across 5 Offices

• 88 Investment Professionals
• 69 CFA Charterholders and

7 PhDs

• Customized Exposure

Management, Overlay Services, Centralized Portfolio Management, Volatility Risk Premium

D U T I E S & R E S P O N S I B I L I T I E S I N T H E R O L E

6

• Economic Modeling
• Quantitative Models
• Individual Security Research
• Asset Class Research
• Portfolio Management
• Thought Leadership
• Data Visualization
• Programming
• Statistical Testing and Design
• Communication and Marketing

O P P O R T U N I T I E S / C H A L L E N G E S

7

Opportunities Challenges

Read about fascinating topics Separating correlation from causation Uncover relationships Information overload Understand data in unique ways Right solution to the Wrong question Direct and tangible impact Wrong solution to the Right question Tailor research to fit specific circumstances Communicating to a non-quant audience Find solutions Interpreting guidance from a non-quant audience Build competitive portfolios Sometimes the models just don’t work as expected Work with smart people Techniques and languages are constantly evolving Can always be better Can always be better

S K I L L S R E Q U I R E D

• Strong technical skills
• Intellectually curious
• Healthy level of skepticism
• Think on both macro and micro levels
• Problem solver
• Strong two-way communication skills
• Organization and attention to detail
• Prioritization and time management
• Expert-level knowledge of investments

8

Questions?

9

DOFU 2-2018 432062