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Commodities An Inside View of Commodities 17 November, 2010 - Chicago, United States
What is the performance outlook for commodities in 2011? Which commodities are best positioned for a recessionary or inflationary outcome in the U.S.? How will the Dodd-Frank Act impact end-users?

Commodities continue to produce gains in 2010. The panelists will share their market insight and provide their views on the market's direction for 2011. They will address current issues in the commodities market such as:
  • The impact of the boom in the global infrastructure build-out on commodity prices;
  • The surge in commodities ETFs and their influence on pricing;
  • The effect of the Dodd-Frank Act on counterparty risk, trade reconciliation and reporting, and technologies to support best practices and regulatory compliance in this new environment.
There will also be an extended Q&A session to give audience members the opportunity to pose specific questions to the panelists.

  • 5:00 p.m.
    Registration and Networking
  • 5:30 p.m.
    Panel Discussion and Q&A
  • 6:45 p.m.
    Networking & Refreshments
  • Hilary Till, Research Associate, EDHEC-Risk Institute; Principal, Premia Capital Management, LLC
  • Martin Kremenstein, Director and CIO of DB Commodity Funds, Deutsche Bank
  • Bryon Lake, Senior Relationship Manager, Invesco PowerShares
  • Jodie Gunzberg, CFA
  • Moderator: Kerry Jordan, CFA
Presenter Background Information:
  • Jodie Gunzberg, CFA

    Ms. Gunzberg is the creator of the original Morningstar Commodity Indices and is the primary author along with Paul Kaplan of "The Long and Short of Commodity Index Investing", a chapter of Intelligent Commodity Investing by Hilary Till and Joseph Eagleeye (2007). She also has numerous other publications on commodities and hedge fund investing and has been a frequent speaker on the topics. Her research in the area focuses mainly on alpha vs. beta and combining active with passive commodity strategies into an optimal portfolio. The majority of her career has been spent as an analyst and portfolio manager across asset classes, and she also served as the Chief Strategist for an investment consulting firm. Ms. Gunzberg earned her B.S. in Mathematics from Emory University and her M.B.A. from The University of Chicago. She is also a Chartered Financial Analyst Charterholder, a member of the CFA Institute, and serves on the Board of Directors for CFA Chicago.

  • Martin Kremenstein, Director and CIO of DB Commodity Funds, Deutsche Bank

    Mr. Kremenstein joined Deutsche Bank AG in August 2006, and serves as a Director in the DBX Group with responsibility for providing currency and commodity-based investor solutions to the DB sales force in the Americas. Mr. Kremenstein serves as the Chief Operating Officer, Chief Investment Officer and Director of DB Commodity Services LLC, the Managing Owner of the Powershares DB commodity and currency platform in the US. Prior to joining Deutsche Bank, Mr. Kremenstein worked for JPMorgan Chase from September 1998 to August 2006, initially in London and then, from June 2003, in New York. From February 2005 to August 2006, Mr. Kremenstein worked in Market Risk Management, covering the Credit Portfolio division initially as an Associate, and later as a Vice President. Mr. Kremenstein received his B.A. from the University of Leeds in 1998.

  • Bryon Lake, Senior Relationship Manager, Invesco PowerShares

  • Hilary Till, Research Associate, EDHEC-Risk Institute; Principal, Premia Capital Management, LLC

    Ms. Till is a co-founder of Chicago-based Premia Capital Management, LLC. Premia Capital is a proprietary trading and research firm, which specializes in the commodity futures markets. She is also a principal of Premia Risk Consultancy, Inc., which advises investment firms on risk-management policy. Before co-founding Premia Capital, Ms. Till was the Chief of Derivatives Strategies at Putnam Investments, and, prior to this position, she was a quantitative analyst at Harvard Management Company.

    Ms. Till served as a reviewer for the Journal of Alternative Investments in 2003 and in 2007 through 2009; and in 2005, she was a referee for the Financial Analysts Journal. Her articles on commodities, risk management, and hedge funds have been published in numerous journals and prestigious publications, and have been summarized in both the CFA Digest (2006 and 2007) and in the CFA Institute's Literature Review (2009), as well as being included in the Chartered Alternative Investment Analyst curricula (2007 - 2010). Ms. Till is also the co-editor of the Risk Books (2007) bestseller, Intelligent Commodity Investing, http://www.riskbooks.com/intelligentcommodity.

    Ms. Till has a B.A. with General Honors in Statistics from the University of Chicago and an M.Sc. degree in Statistics from the London School of Economics (LSE). She studied at the LSE under a private fellowship administered by the Fulbright Commission.
    Event Details
      When   Between 17/11/2010 05:00 PM and 17/11/2010 07:00 PM
    Where   Chicago Board Options Exchange, 400 S LaSalle St, Chicago, IL 60605, United States
    Contact Details
      Name   CFA Society of Chicago
    E-mail   info@cfachicago.org
    Phone   +1 312 251 1301