Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Day I: Monday June 2, 2014 Time Activity Presenter(s) Location 8:00 – 8:25AM Breakfast & Check-in Davis Auditorium 8:25 – 8:40AM Welcome Address S. Kachani, G. Davis Iyengar, E. Auditorium Derman, J. Mak, M. Ross 8:40 – 9:00AM Overview of Program and Logistics S. Kachani, G. Davis Iyengar, M. Auditorium Haugh 9:15 – 10:45AM Option Theory & Practice, Part I David DeRosa 501 NWC I.1 10:45 – 11:00AM Break 11:00 – 12:30PM Option Theory & Practice, Part II Tim Leung 501 NWC I.2 12:30 – 2:00PM Lunch & Key Note Speaker: Emanuel Derman Carleton Lounge I.3 My Life as a Quant 2:00 – 2:15PM Break 2:15 – 3:45PM Risk Management, Part I Martin Haugh 501 NWC I.4 3:45 – 4:00PM Break 4:00 – 5:30PM Risk Management, Part II Martin Haugh 501 NWC I.5 5:45 – 6:45PM Cocktail Reception Bistro Ten 18 6:45PM Dinner Bistro Ten 18 Bistro Ten 18 1018 Amsterdam Avenue (Corner of 110th Street) New York, NY 10025 212-662-7600 1 Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Day II: Tuesday June 3, 2014 Time Activity Presenter(s) Location 8:30 – 9:05AM Breakfast & Check-in Carleton Lounge 9:15 – 10:45AM Asset Allocation, Part I Garud Iyengar 501 NWC II.1 10:45 – 11:00AM Break 11:00 – 12:30PM Asset Allocation, Part II Garud Iyengar 501 NWC II.2 12:30 – 2:00PM Lunch & Key Note Speaker: James Grant Carleton Lounge II.3 Bringing back the Gold Standard 2:00 – 2:15PM Break 2:15 – 3:45PM. Fixed Income, Part I: Fixed- Martin Haugh 501 NWC II.4 Income Analysis & Derivatives 3:45 – 4:00PM Break 4:00 – 5:30PM. Equity Valuation in Today’s Sid Dastidar 501 NWC II.5 Economy 5:30 – 6:15PM Wine and Cheese Reception Carleton Lounge 6:15 – 7:00PM Columbia Campus Tour Soulaymane Kachani, Darbi Roberts 7:15PM Dinner LeMonde Le Monde Restaurant 2885 Broadway (Between 112th and 113th Streets) New York, NY 10027 (212) 531-3939 2 Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Day III: Wednesday June 4, 2014 Time Activity Presenter(s) Location 8:30 – 9:05AM Breakfast & Check-in Carleton Lounge 9:15 – 10:45AM Fixed Income, Part II: Credit Leon Tatevossian 501 NWC III.1 Derivatives, Theory & Practice 10:45 – 11:00AM Break 11:00 – 12:30PM Using Morningstar Tools to Shannon 501 NWC III.2 Measure Risk in Mutual Fund Zimmerman Portfolios 12:30 – 2:00PM Lunch & Key Note Speaker: Fred Meissner Carleton Lounge III.3 Technical Analysis 2:00 – 2:15PM Break 2:15 – 3:45PM Value Investing, Part I Tano Santos 501 NWC III.4 3:45 – 4:00PM Break 4:00 – 5:30PM Value Investing, Part II Tano Santos 501 NWC III.5 5:30 – 6:30PM Wine and Cheese Reception Martin Haugh, Carleton Lounge III.6 Exam Review Session Garud Iyengar 6:30PM Dinner Carleton Lounge Dinner is catered by Kefi Carleton Lounge Columbia University 3 Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Day IV: Thursday June 5, 2014 Time Activity Presenter(s) Location 8:30 – 9:05AM Breakfast & Check-in Carleton Lounge 9:15 – 10:45AM Foreign Exchange David DeRosa 501 NWC IV.1 10:45 – 11:00AM Break 11:00 – 12:30PM Option Theory & Practice, Part Emanuel Derman 501 NWC IV.2 III 12:30 – 2:00PM Lunch & Key Note Speaker: Leo Tilman Carleton Lounge IV.3 Risk Intelligence: A Darwinian Kit for Surviving and Thriving in the New Normal 2:00 – 2:15PM Break 2:15 – 3:45PM Panel Discussion: Jon Adams, Don 501 NWC IV.4 From Theory to Practice: What I Devitto, Ellis learned when I was at Columbia Moore, Mike and how it helped my practice. Ross 3:45 – 4:00PM Break 4:00 – 5:30PM Exam (Multiple choice questions) Martin Haugh, 417 IAB IV.5 Garud Iyengar 5:45 – 6:30PM Cocktail Reception Bettolona 6:30PM Dinner Bettolona Bettalona Restaurant 3143 Broadway (Between Tiemann Place and La Salle Street) New York, NY 10027 (212) 749-1125 4 Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Day V: Friday June 6, 2014 Time Activity Presenter(s) Location 8:30 – 9:05AM Breakfast & Check-in Carleton Lounge 9:15 – 10:45AM Behavioral Finance Phil Maymin 501 NWC V.1 10:45 – 11:00AM Break 11:00 – 11:45AM Optimization for Internet Cliff Stein 501 NWC V.2 Advertising 11:45 – 12:30PM Optimization and Simulation for Karl Sigman 501 NWC V.3 Presidential Elections 12:30 – 2:00PM Closing Remarks and Ceremony S. Kachani, G. Faculty House Iyengar, M. Garden Room 2 Haugh, J. Mak, M. Ross 5 Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Faculty Bios (in order of appearance) Soulaymane Kachani Professor Soulaymane Kachani is Vice Dean at the School of Engineering and Applied Science, in charge of the School’s undergraduate, graduate, executive, online and global programs. He joined Columbia in 2003 and has served as the Director of Master's Programs and the Director of Executive Education at the Department of Industrial Engineering & Operations Research since 2008. Professor Kachani serves on the Columbia University Senate, where he is a member of the University Senate Executive Committee and the Chair of the University Senate Budget Committee. Prior to joining Columbia, he worked as a senior consultant at McKinsey & Company. At Class Day Ceremonies, Professor Kachani was honored with the Columbia Engineering School Alumni Association 2005 Distinguished Faculty Teaching Award, the 2007 Columbia Engineering School Kim Award for Faculty Involvement, the 2010 Avanessians Diversity Service Award, and the 2012 Egleston Distinguished Service Award. Professor Kachani received a Ph.D. in Operations Research from the Massachusetts Institute of Technology. He also holds a Master of Science in Operations Research from MIT and a Diplôme d'Ingénieur in Applied Mathematics from École Centrale Paris. Garud Iyengar Professor Garud Iyengar is the Chairman of Columbia University's Industrial Engineering and Operations Research Department where he has been a faculty member since 1998. Professor Iyengar teaches courses in asset allocation, asset pricing, simulation and optimization. Professor Iyengar’s research interests include convex optimization, robust optimization, queuing networks, combinatorial optimization, mathematical and computational finance, communication and information theory. He has published in numerous journals including IEEE Transactions on Information Theory, Mathematics of Operations Research, Mathematical Programming, IEEE Transactions on Signal Processing, and IEEE Transactions on Communication Theory. Professor Iyengar received a Ph.D. in Electrical Engineering from Stanford University. He also holds a Master of Science in Electrical Engineering from Stanford University and a Bachelor of Technology from the Indian Institute of Technology. 6 Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Emanuel Derman Professor Emanuel Derman joined Columbia University's Industrial Engineering and Operations Research Department in 2003 where he is the Director of the Financial Engineering Program. Prior to joining Columbia, he was a managing director at Goldman Sachs, where he was head of the quantitative strategies group in the equities division, and then head of quantitative risk strategies in firm-wide risk. He is best known for his work on the Black-Derman-Toy interest-rate model and for developing local volatility models of the implied volatility smile. He was the IAFE/Sungard Financial Engineer of the Year in 2000. Professor Derman's research interests include quantitative finance, financial engineering, derivatives valuation, volatility models, and risk management. He has published in numerous journals including the Financial Analysts Journal, RISK, The Journal of Portfolio Management, and the Journal of Derivatives. His recent memoir, My Life as a Quant: Reflections on Physics and Finance, was published in 2004 and was selected as one of Business Week's top ten books of the year. His newest book Models.Behaving.Badly was published by Free Press in October 2011. Professor Derman studied at the University of Cape Town, and received a Ph.D. in theoretical physics from Columbia University in 1973, where he wrote a thesis that proposed a test for a weak-neutral current in electron-hadron scattering. Martin Haugh Professor Martin Haugh originally joined the Department of Industrial Engineering and Operations Research at Columbia University in January 2002 after completing his PhD in Operations Research from MIT. He was a faculty member in the IEOR Department until June 2005 and during this time his teaching and research focused on financial engineering. Between 2005 and 2009, Professor Haugh worked in the hedge fund industry in both New York and London, specializing in equity and credit derivatives. He returned to academia and the IEOR department in July 2009. His current research interests include financial engineering and risk management. Professor Haugh also holds Master of Science degrees from the University of Oxford and University College Cork. 7 Columbia University Department of Industrial Engineering & Operations Research Certified Portfolio Manager (CPM®) Program Jenny Mak Dr. Jenny Mak joined Columbia IEOR in 2003, providing leadership to the Department, specifically in the areas of academic and faculty affairs, financial planning, alumni and employer relations, professional development, executive education, and human resources. She teaches the IEOR professional development courses and related workshops for Columbia Engineering. Dr. Mak is a four time graduate of Columbia University. She received a Doctor of Education in adult learning and leadership from Teachers College, Columbia University. She also holds a Master of Arts in Higher and Postsecondary Education, Master of International Affairs, and Bachelor of Science in Industrial Engineering from Columbia University.