Asset allocation largely determines a portfolio’s long-term risk-adjusted returns. But how investors should source a portfolio’s components is an age-old controversy. Passively managed funds offer low fees but historically high and rising concentrations, both in sectors and securities. Is an active approach to security and sector selection, the fund management’s heritage, worth higher direct and indirect costs in hopes of achieving higher future long-run expected risk adjusted returns? 

CFA Society San Diego is the proving ground for an explosive and tri-partite debate between advocates for passive management, active management, and a locally based practitioner. Join this robust discussion, engage in Q&A, test theory vs. practice, and exchange ideas while networking during a catered, post-debate mixer. 

Debaters:

· Michael Green, CFA Chief Strategist and Portfolio Manager, Simplify Asset Management

· Dr. Joseph Nelesen, Head of Specialists, Index Investment Strategy, S&P Dow Jones Indices

· Stephen Sexauer, CIO, San Diego County Employees Retirement System.

Moderator: Robert Schmidt, Executive Director, The Brandes Center at UC San Diego Rady School of Management.