Investing in Low Interest Rate Environments & ESG’s Impact on the Investment Profession
Hosted by CFA Society Norway in partnership with CFA Society Finland, CFA Society Denmark/The Danish Finance Society and CFA Society Sweden.
Since the Financial Crisis in 2008, the world has grown accustomed to low interest rates. Whilst the low interest rate environment has helped companies survive the most severe downturn since the Depression of the 1930s, it has also propped up financial markets and produced potentially dangerous side effects. As financial markets have become addicted to and economies have become reliant on lower interest rates, can central banks increase interest rates without causing major economic disruption?
While this poses a great dilemma for central banks and policymakers, low interest rates also create a challenge for pension funds, endowments, and portfolio managers. How do you balance the risk-return requirements from the beneficiaries if bonds no longer offer an attractive return? What deliberations must a portfolio manager make when facing portfolio management decisions in today’s interest rate environment?
Low interest rates is not the only concern for portfolio managers these days. A growing focus amongst investors and other stakeholders is ESG and the sustainability of their investments. What considerations must one take when venturing into the world of sustainable investing? And how do you integrate sustainable investing into your investment process
|12:35||Covid-19 and Future Supervisory Priorities for ECB Banking Supervision
Thomas Broeng Jorgensen, Deputy Director General, European Central Bank
Moderated by CFA Society Denmark
|13:30||Fixed Income in the Anthropocene
Dr. Ulf Erlandsson, Executive Chair, Anthropocene Fixed Income Institute
Moderated by Niclas Düring, Steward Redqueen B.V., and board member of CFA Society Sweden
Thomas Broeng Jorgensen
European Central Bank
Thomas Broeng Jorgensen is Deputy Director General at The European Central Bank. Thomas started his career in the Danish Ministry of Finance and Ministry of Economy and Business where he amongst other things worked on recapitalisations of Danish banks during the financial crisis. He then moved to the Danish FSA as an Assistant Director General responsible for international coordination, liquidity and funding, securitizations and risk assessment of Danish systemic banks. He joined the European Central Bank in September 2014. Thomas holds degrees from University of Copenhagen, University of Wales and Copenhagen Business School.
Dr. Ulf Erlandsson
Anthropocene Fixed Income Institute
Dr. Erlandsson is the founder of the Anthropocene Fixed Income Institute, a new think tank and research institute, with backing from the Growald Family Fund, a climate venture part of the Rockefeller family philanthropy. Prior to founding AFII, he has had a career in global credit across research and portfolio management at Barclays Capital and AP4. His paper “Credit alpha and CO2 reduction” received the CFA GRASFI Best Paper Prize for Research on Sustainable Investment in 2019 and provides the climate impact framework of the Diem Green Credit climate hedge fund strategy. Erlandsson earned his Ph.D. in Econometrics from Lund University and is the author of several books in the credit space, such as “CDS Curve Trading Handbook” and “Empirical analysis of the credit cycle”.
Steward Redqueen B.V.
Niclas Düring has been a board member of CFA Society Sweden since 2019. He is an Associate Partner at Steward Redqueen, a consultancy devoted to sustainability and impact strategy development for private equity and hedge funds, development finance institutions, impact investors, and other clients beyond the financial sector. Previously Niclas was Portfolio Director at Swedfund International, ESG Manager at CDC Group in London. His prior experience includes strategy consulting at McKinsey & Company in London, operations consulting at Celerant/Hitachi Consulting in the UK, and private sector development research at the World Bank/IFC in Washington D.C.
Free of charge.
CFA PL credits
If you are a CFA Institute member, you are eligible to record 2 PL credits hours for your participation in this meeting