CFA Society Chicago member Dan Grana, CFA speaks with Greg Brown, the Van and Kay Weatherspoon Distinguished Professor of Finance at UNC Kenan-Flagler. They discuss the latest academic research in private asset performance, including results and applicability to practitioners in these asset classes.

Rich Excell CFA, CMT is joined by the CEO of the CFA Society Chicago Chris Vincent CFA to recap the 2025 Investment Themese series that just completed. Chris then tells us what to expect in the upcoming CFA Institute Live event from May 4-7 in Chicago

Maybe you noticed, or maybe you didn't, but a month ago, the PJM auction results were announced and the cost for energy capacity in the largest region in the US saw prices up 800% yay!  This was enough of a shock that we reached out to the Electirc Power Supply Association (EPSA) to ask them to explain what is going on. Rich Excell CFA, CMT was joined by Todd Snitchler, the President and CEO of EPSA, to walk us through the supply and demand dynamics in the energy market now

CFA Society Chicago member Rich Excell, CFA, talks with Matt Moran, Head of Index Insights at Cboe about current trends in the options market.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Matt on LinkedIn https://www.linkedin.com/in/matthewtmoran/

Episode References

Cboe Options Institute https://www.cboe.com/education/

Whitepapers https://www.cboe.com/education/research/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, brings back Priya Parrish, managing partner at Impact Engine to discuss the differences of ESG and impact investing.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Priya on LinkedIn https://www.linkedin.com/in/priyaparrish/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, speaks with Cook County Assessor and fellow charterholder Fritz Kaegi, CFA, about the challenges of modernizing a government office in a way that builds investor confidence.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Fritz on LinkedIn https://www.linkedin.com/in/fkaegi/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Lotta Moberg, CFA, discusses market expectations and alternative assets with Louis Finney, Co-Head of Strategic Asset Allocation Modeling at UBS.

Connect with Lotta on LinkedIn https://www.linkedin.com/in/lotta-moberg-4a856b25/

For more episodes go to www.cfachicago.org/podcasts

Podcast References

Alternative investments: Improving portfolio performance

https://www.ubs.com/global/en/asset-management/insights/asset-class-research/asset-allocation/upgrade-your-asset-allocation/alternative-investments.html?campID=CAAS-ActivityStream

A catalyst for diversification: Five-year capital market assumptions

https://www.ubs.com/global/en/asset-management/insights/asset-class-research/asset-allocation/upgrade-your-asset-allocation/catalyst-for-diversification.html?campID=CAAS-ActivityStream

CFA Society Chicago member Monique Thanos, CFA, talks with Emily Lawrence, Director of Sustainable Investing at Northern Trust Asset Management on the evolution of ESG in investing.

Connect with Monique on LinkedIn https://www.linkedin.com/in/monique-thanos-phd-cfa-frm-4868a6158/

Connect with Emily on LinkedIn https://www.linkedin.com/in/emily-lawrence-426ba32/

Additional Information

https://www.northerntrust.com/united-states/what-we-do/investment-management/sustainable-investing/sustainable-investing-strategies?utm_source=cfa&utm_medium=referral&utm_campaign=am-global-esg--20210122

https://www.cfachicago.org/wp-content/uploads/2020/10/Staking-Out-Climate-Risk.pdf

https://www.cfachicago.org/wp-content/uploads/2020/10/Blog_-Managing-Risk-with-ESG-Investing.pdf

https://www.cfachicago.org/wp-content/uploads/2020/10/Blog_-How-500-Investors-Confronted-Climate-Risk.pdf

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, chats with Fabio Alperowitch, CFA of FAMA Investments and member of CFA Society Brazil on the history of ESG in emerging markets.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Fabio on LinkedIn https://www.linkedin.com/in/fabio-alperowitch/

CFA Society Brazil https://cfasociety.org.br/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, talks with Mitch Reznick, CFA from Federated Hermes on the impact and changes ESG is bringing to the fixed income market.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

For more episodes go to www.cfachicago.org/podcasts

https://www.hermes-investment.com/ie/wp-content/uploads/2017/04/hermes-credit-esg-paper-april-2017.pdf

https://www.hermes-investment.com/uki/insight/stewardship/we-can-all-get-along/

Investment Exchange Forum – Commodity Investing

CFA Society Chicago member Rich Excell, CFA, dives into the rarely discussed area of commodity investing with Price Asset Management's CEO, John Reese.  

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with John on LinkedIn https://www.linkedin.com/in/john-rusty-reese-8937327/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, chats with Andrew Wellington, co-founder and CIO of Lyrical Asset Management, a deep value investment firm.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Andrew on LinkedIn https://www.linkedin.com/in/andrew-wellington-91251918/

Find more information on Andrew's references during the podcast - https://www.cfachicago.org/wp-content/uploads/2020/10/lyrical-asset-management.pdf

Lyrical's Annual Review Letters - www.lyricalam.com/letters/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, discusses sustainable investing with Joe Halwax, CAIA CIMA, Managing Director, Institutional Investments at Wespath.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Joe on LinkedIn https://www.linkedin.com/in/joe-halwax-caia-cima%C2%AE-32b2621/

Wespath's External Manager ESG Integration -  https://www.wespath.com/assets/1/7/5152.pdf

For more episodes go to www.cfachicago.org/podcasts

Rich Excell CFA, CMT is joined by renowned economic Lyric Hughes Hale of EconVue who is an expert on Asia economies and geopolitics. Lyric last joined Rich to talk about China after the last National Party Congress. Now she is on to discuss the seminal elections in India, what we need to know as investors, and what we might expect from the politicians. 

Lyric mentions an article written by her team. This is a link to that article:

https://plus.econvue.com/p/indias-dynamic-growth-story

CFA Society Chicago member Rich Excell, CFA, talks with Ben Johnson, CFA, Director of Global ETF Research at Morningstar about ESG in the passive market space.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Ben on LinkedIn https://www.linkedin.com/in/ben-johnson-cfa-5a288175/ and Twitter @MstarETFUS

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, continues exploring the topic of ESG with co-portfolio mangers Suresh Rajagopal, CFA and John Roberts from the Segall Bryant & Hamill Workplace Equality Fund.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Suresh on LinkedIn https://www.linkedin.com/in/sureshrajagopal/

Connect with John on LinkedIn https://www.linkedin.com/in/jrobertsdenver/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, chats with Duff & Phelps Investment Managements' Dick Schiller, CFA and Jason Ren, CFA about ESG within the real estate and REIT markets.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Dick on LinkedIn https://www.linkedin.com/in/dickschiller/

Connect with Jason on LinkedIn https://www.linkedin.com/in/jasoncren/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Christian Barron, CPA, CFA chats with Leo Schmidt of River Eddy Capital Management, formerly at the Chubb Corporation, to continue the Education Advisory Group's series on Capital Markets.

Connect with Christian on LinkedIn https://www.linkedin.com/in/christianmbarroncpacfa/

Connect with Leo on LinkedIn https://www.linkedin.com/in/leo-schmidt-cfa-a258703/

Watch the replays of the Capital Market webinars here https://www.cfachicago.org/webcasts/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, talks with members of local student investment groups – Connor Walsh from DePaul's Investment Group, Danny Feldmeier of Notre Dame's Investment Club, and Vrutik Patel and Fred Shoaff from University of Illinois' Investment Management Academy.

Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard 

Connect with Connor on LinkedIn https://www.linkedin.com/in/cwalsh33/

Connect with Danny on LinkedIn https://www.linkedin.com/in/daniel-feldmeier-315942191/

Connect with Vrutik on LinkedIn https://www.linkedin.com/in/vp07/

Connect with Fred on LinkedIn https://www.linkedin.com/in/fred-shoaff-25618a171/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, discusses ESG & generating positive alpha with Sarah Bratton Hughes, Head of Sustainability, North America at Schroders.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard 

Connect with Sarah on LinkedIn @ sarah-bratton-hughes

Follow Schroders on LinkedIn @ schroders and Twitter @SchrodersUS  

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, speaks with fellow member Joe Wysocki, CFA, Senior Portfolio Manager with Calamos Investments on the past, present and future of convertible bonds.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard 

Connect with Joe on LinkedIn @ wysockijoe

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, speaks with fellow member Joe Wysocki, CFA, Senior Portfolio Manager with Calamos Investments on the past, present and future of convertible bonds.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard 

Connect with Joe on LinkedIn @ wysockijoe

For more episodes go to www.cfachicago.org/podcasts

Connect with Mike on LinkedIn @ m-ossowski

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Monique Thanos, CFA chats with Mamadou-Abou Sarr, Founder, President and CEO of V-Square Quantitative Management LLC on integrating quant investing with ESG.

Connect with Monique on LinkedIn @ monique-thanos-phd-cfa-frm  

Connect with Mamadou-Abou on LinkedIn @ mamadou-abousarr

For more episodes go to www.cfachicago.org/podcasts

Rich Excell CFA, CMT is joined by Lotta Moberg PhD, CFA, a partner at ViviFi Ventures and Paul Chesek, the Chief Growth Officer at GreenCheck to discuss the recent trends in cannabis & how the rescheduling of cannabis may change the landscape for investors going forward. 

CFA Society Chicago member Rich Excell, CFA, chats with fellow member Lotta Moberg, PhD, CFA, Senior Macro Analyst at William Blair about her Financial Times op-ed piece "Today's ultra-low interest rates are anything but 'natural'".

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard 

Connect with Lotta on LinkedIn @ lotta-moberg

Link to Lotta's op-ed – Today's ultra-low interest rates are anything but 'natural'

https://www.ft.com/content/c4e10d2c-109a-40f5-a175-628d1db9c793

William Blair White Paper referenced in the episode https://www.williamblair.com/en/Research-and-Insights/Insights/Institutional-White-Paper/IM-Papers/2020/Adventures-on-the-Planet-of-the-Apes.aspx

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, chats with fellow member Justin Hance, CFA, Director of International Research at Harris Associates about how international markets compare to US markets.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Justin on LinkedIn @ justin-hance-cfa

For more episodes go to www.cfachicago.org/podcasts

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Chris on LinkedIn @ christopher-t-vincent-cfa

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, chats with Dr. Kimberly Clausing, Professor of Economics at Reed College about her book Open: The Progressive Case for Free Trade, Immigration, and Global Capital.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Kim on LinkedIn @ kimberly-clausing

Kim's book Open: The Progressive Case for Free Trade, Immigration, and Global Capital https://www.amazon.com/Open-Progressive-Immigration-Global-Capital/dp/0674919335

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, chats with Greg Daco from Oxford Economics on the impacts of peak globalization in US economy.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Greg on LinkedIn @ gregory-daco

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, returns with Reva Goujon of Crumpton Group to discuss the potential geopolitical impact of changes in the supply chain.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Reva on LinkedIn @ reva-goujon

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, speaks with Harry Moser, founder of the non-profit Reshoring Initiative, on the topic of understanding reshoring and the potential for companies.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Harry on LinkedIn @ harry-moser and visit the Reshoring Initiative's website - www.reshorenow.org

Access the links referenced by Harry below–

TCO Estimator: https://reshorenow.org/tco-estimator/

Impact of TCO: https://reshorenow.org/blog/impact-of-using-tco-instead-of-price/

Import Substitution Program: https://reshorenow.org/isp/

2018 data Report: https://drive.google.com/file/d/1UvSQEL51zHI6NzRlo1BdWoymvQhgfLvF/view

Competitiveness Toolkit: https://reshorenow.org/blog/competitiveness-toolkit-draft/

Links to 24 Moser on Manufacturing columns in Assembly magazine: https://www.assemblymag.com/authors/2068-harry-moser

FDI Intelligence article on picking the right country to manufacture for the U.S. market:  https://www.fdiintelligence.com/stream/author/Harry%20Moser%20and%20Michelle%20Comerford

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Brett Bina, CFA, CAIA discusses investing in Chinese tech companies with KraneShares' Chief Investment Officer, Brendan Ahern.

Connect with Brett on LinkedIn @ brett-bina

Connect with Brendan on LinkedIn @ brendan-ahern and follow his blog at www.chinalastnight.com

Follow KraneShares on LinkedIn @kraneshares and visit their website www.kranshares.com

For more episodes go to www.cfachicago.org/podcasts

Information referenced in this podcast -

https://www.heritage.org/index/?version=1167

https://www.transparency.org/en/

https://libertystreeteconomics.newyorkfed.org/

https://www.msci.com/index-solutions

CFA Society Chicago member Rich Excell, CFA, joins Jake Schleshinger from The Wall Street Journal to discuss his recent article "How the Coronavirus Will Reshape World Trade".

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Jake on LinkedIn @ jacobschlesinger

Follow The Wall Street Journal on LinkedIn @the-wall-street-journal and www.wsj.com

See Jake's article mentioned in the podcast here - https://www.wsj.com/articles/how-the-coronavirus-will-reshape-world-trade-11592592995

*Since this recording, Joe Biden spoke on July 9 focused on "Buy American" and bringing supply chains back home. Link to the WSJ story on the speech:

https://www.wsj.com/articles/biden-looks-to-curb-covid-19-economic-damage-with-buy-american-plan-11594287005

Link to WSJ weekly newsletter on the business implications of the election. In this edition, Jake does a Q&A about the Biden Buy American plan.

https://electionbusiness.cmail20.com/t/ViewEmail/d/D4045383943E7A532540EF23F30FEDED/ACB59639BA04A5BE0CC2E775D3CF5869

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, returns to chat with Project Production Institute's Executive Director, Ed Pound and Strategic Project Solutions' CFO, Joe Sweeney on the topic of impacts of a move away from peak globalization, how to assess and adjust supply chains in response

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Ed on LinkedIn @ ed-pound and Joe @ joe-sweeney

See the article mentioned in the podcast here - https://projectproduction.org/ppi-thinking/project-supply-chain-resiliency-covid-19-update/

For more episodes go to www.cfachicago.org/podcasts

March marked the 25th anniversary for the QQQ ETF, one of the granddaddies of them all. This ETF set the table for thousands more to follow. In this episode, Rich Excell CFA, CMT speaks with Paul Schroeder CMT, the QQQ Equity Product Strategist at Invesco, to talk about the history of QQQ, how the ETF landscape has evolved, and what it might look like going forward

CFA Society Chicago member Rich Excell, CFA, chats with Seenu Sarma, a Supply Chain Executive on if we have seen the peak of the trend toward globalization and will be moving away from it. 

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Seenu on LinkedIn @ seenu-sarma and see his article mentioned in the podcast here - https://www.linkedin.com/pulse/adapting-sourcing-strategies-new-post-pandemic-world-seenu-sarma/

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, chats with Brian Langstraat, CFA, President & CEO of Parametric on tax-loss harvesting strategies, why they work, when they don't and what you need to know about them.

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Brian on LinkedIn @ brian-langstraat

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Blaine Reed, CFA, discusses the transition away from Libor to Ameribor with Dr. Richard Sandor, Chairman & CEO at American Financial Exchange, LLC. 

Connect with Blaine on LinkedIn @ blaine-reed

Connect with Richard on LinkedIn @richard-l-sandor

For more episodes go to www.cfachicago.org/podcasts

Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard  

Connect with Steve on LinkedIn @ steve-hlavin

Follow Nuveen on LinkedIn @ Nuveen and visit their website www.nuveen.com 

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Brett Bina, CFA, CAIA chats with Matthew Kocanda, CFP® of Balasa Dinverno Foltz LLC (BDF) on managing your personal finances like a business.

Connect with Brett on LinkedIn @ brett-bina

Connect with Matt on LinkedIn @ matthew-kocanda

For more episodes go to www.cfachicago.org/podcasts

We have launched a Peak Globalization Series and to kick it off CFA Society Chicago member Rich Excell, CFA, interviewed Richard Thies with Driehaus Capital Management. On this podcast Thies shares his current views on emerging market economies, what might an unwind of globalization look like, if he thinks Chinese domestic consumption can support its own mercantilist economic structure, ESG concerns and if there are industries that might find economic advantages of moving to the US.

Connect with Rich on LinkedIn @richexcellcfa and Twitter @ExcellRichard   

Connect with Richard on LinkedIn @richthies

Follow Driehaus Capital Management on LinkedIn @ driehaus-capital-management

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA joins Joe Burgoyne from the Options Industry Council (OIC) for part 3 to PM's use of options.

Connect with Rich on LinkedIn @richexcellcfa and Twitter @ExcellRichard   

Connect with Joe on LinkedIn @joe-burgoyne

Follow OIC on LinkedIn @the-options-industry-council-oic- and Twitter @Options_Edu

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA joins Joe Burgoyne from the Options Industry Council (OIC) for part 2 to discuss the importance of volatility.

Connect with Rich on LinkedIn @richexcellcfa and Twitter @ExcellRichard   

Connect with Joe on LinkedIn @joe-burgoyne

Follow OIC on LinkedIn @the-options-industry-council-oic- and Twitter @Options_Edu

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA joins Joe Burgoyne from the Options Industry Council (OIC) for part 1 to discuss basic option concepts.

Connect with Rich on LinkedIn @richexcellcfa and Twitter @ExcellRichard   

Connect with Joe on LinkedIn @joe-burgoyne

Follow OIC on LinkedIn @the-options-industry-council-oic- and Twitter @Options_Edu

For more episodes go to www.cfachicago.org/podcasts

CFA Society Chicago member Rich Excell, CFA, and Fitch Ratings' Chief Economist, Brian Coulton discuss the path to recovery after the pandemic in this recap of the April 30th webinar event. 

Connect with Rich on LinkedIn @richexcellcfa and Twitter @ExcellRichard   

Connect with Brian on LinkedIn @brian-coulton

For more episodes go to www.cfachicago.org/podcasts

In this episode, Rich Excell CFA, CMT sits down with Louay Mikdashi, the Head of Multi-sector Private Credit at Neuberger Berman. They discuss the pros & cons of the private credit market and explore the findings in Louay's recent paper "Private Credit is gaining steam – where do we go from here?"

CFA Society Chicago member Rich Excell, CFA discusses the future of fintech with Lin William Cong, Rudd Family Professor of Management and Associate Professor of Finance at Cornell University.

Connect with Rich on LinkedIn @richexcellcfa and Twitter @ExcellRichard   

Connect with Will on LinkedIn @linwilliamcong

For more episodes go to www.cfachicago.org/podcasts

Follow Mike on LinkedIn @michael-j-kalil-cfa 

For more episodes go to www.cfachicago.org/podcasts

Connect with Blaine on LinkedIn @blaine-reed

Connect with Meredith on LinkedIn @coffey-meredith

For more episodes go to www.cfachicago.org/podcasts