A G E N D A 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
A G E N D A 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 2
B A C K G R O U N D & C A R E E R PAT H Jessica Murray, CFA Thomas Crandall, CFA, CAIA, MBA Patrick Persons Education Education Education • MBA, University of Alaska Fairbanks • BS, University of Richmond • MS Financial Mathematics, University of Minnesota – Twin • BA, University of Alaska Fairbanks • CFA Charterholder Cities • CFA Charterholder • BS/BA – University of Saint Thomas • CAIA Charterholder • CFA Level II Candidate Work History Work History Work History • Ameriprise Financial (Current) • Parametric Portfolio Associates • Thrivent Asset Management (Current) (Current) • Orgel Wealth Management • Ameriprise Financial • FAF Advisors • Quantitative Advantage • Leuthold Weeden Capital • FactSet Research Systems • Holland Capital Management Management Volunteer Work / Other Volunteer Work / Other Volunteer Work / Other • CFA Society of Minnesota – • CFA Society of Minnesota – Board • Adjunct Professor of Prior Treasurer Member Mathematics at the University of St. Thomas • Meals on Wheels delivery • Pursuing the Chartered Market Technician (CMT) • Junior Achievement Volunteer • Hospice volunteer • IronMan Triathlete • Ironman Triathlete 3
F I R M O V E R I E W Patrick Persons Jessica Murray, CFA Thomas Crandall, CFA, CAIA, MBA Firm: Thrivent Financial Firm: Ameriprise Financial Firm: Parametric Portfolio Associates • $800+ Billion Assets Under Not-for-profit membership • $230+ Billion Under Management • Management or Administration organization Formally the Clifton Group, • • Approximately 10,000 Financial #316 on Fortune 500 (June 2017) • founded in 1972 Advisors across the U.S. Acquired by Parametric Portfolio $136 billion in AUM/AUM (as of • • • Fortune 500 Company Associates in 2012 12/31/2017) • Subsidiaries include Columbia Parametric is a Subsidiary of • $280 million raised and donated • Threadneedle and RiverSource Eaton Vance Corporation by Thrivent and our members in Annuities and Insurance 2017 • Founded in Minneapolis in 1894 14.4 million volunteer hours from • as Investors Syndicate our 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 4
T E A M O V E R V I E W Jessica Murray, CFA Thomas Crandall, CFA, CAIA, MBA Patrick Persons Team Team Team • Over 100 Members of the • 40 Members of the • 85+ Client-Facing Investment Research Group Investment Research Group Professionals Across 5 Offices • 3 Members of the Small Cap • 13 Members of the Global Core Portfolio Management Asset Allocation Committee • 88 Investment Professionals Team • 28 Analysts 4 Strategists • 69 CFA Charterholders and • 12 Analysts, Pool of Industry 7 PhDs • 19 CFA Charterholders Specialists 4 CAIA Charterholders • Customized Exposure • 80 CFA Charterholders Management, Overlay • Asset Allocation, Due Services, Centralized • Factor Analysis, Stock Selection Diligence, Manager Portfolio Management, Models, Portfolio Construction, Research, Security Analysis Volatility Risk Premium Risk Management • Minneapolis and Detroit • Minneapolis and Appleton, WI 5
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 • Economic Modeling • Quantitative Models • Individual Security Research • Asset Class Research • Portfolio Management • Thought Leadership • Data Visualization • Programming • Statistical Testing and Design • Communication and Marketing 6
O P P O R T U N I T I E S / C H A L L E N G E S 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 Interpreting guidance from a non-quant Find solutions audience Sometimes the models just don’t work as Build competitive portfolios expected Techniques and languages are constantly Work with smart people evolving Can always be better Can always be better 7
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? DOFU 2-2018 432062 9
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