Capital Markets Series – Public Allocations

Join us for Part I of our four-part Capital Markets Series!
Please note that this event will be through Zoom. Login information will be provided in the reminder email closer to the event
Hosted by: Education Advisory Group

Since the COVID-19 outbreak, technology stocks have soared sky high while the rest of the stock market has been left behind. Bond yields remain low as investors seek safe-haven assets during these volatile times. Underscoring the volatility, we are still dealing with COVID-19, civil unrest and an upcoming Presidential election. 

CFA Society Chicago’s Education Seminars Advisory Group is kicking off its four-part Capital Market Series with an event on public markets! Join us as experts in both the equity and fixed-income arenas discuss how they have formulated their assumptions in their asset allocation, from both bottom-up and top-down perspective, as well as their public markets forecasts. This event will be followed by three additional events featuring panel discussions within private markets. This is an event not to be missed!


Bob Browne, CFA - Executive Vice President and Chief Investment Officer, Northern Trust
Bill Driscoll, CFA, CFP® - Director of Research, Oak Family Advisors, LLC
Michele Gambera, PhD, CFA - Co-Head of Strategic Asset Allocation Modeling, UBS Asset Management

Moderator: Lotta Moberg, Ph.D., CFA - Analyst, Dynamic Allocation Strategies (DAS), William Blair

Members - FREE  
Nonmembers - FREE

CFA Institute Qualified Activity: Eligible for 1 credit hour

Registration: Online  
Zoom login information will be provided in the reminder email closer to the event. Registration closes at 5:00 PM on October 6, 2020.

4:00 pm - 5:00 pm CDT: Program 
Please log in a few minutes early to test your video and internet connections.

*Distribution of presentation slides is at the discretion of the speaker and may not be available for this event


Bob Browne, CFA, is an executive vice president and chief investment officer for Northern Trust. He is a member of Northern Trust's Management Group. He is also co-portfolio manager of the Northern Global Tactical Asset Allocation Fund. 

Browne chairs the firm’s Investment Policy Committee, which sets investment policy for all Northern Trust groups in all asset classes. He is responsible for the investment group which manages multiple investment strategies including fixed income, active equity and passive investments. Browne joined Northern Trust in January 2009 and has more than 25 years of investment experience.

From 2004 until 2009, Browne worked for ING Investment Management and was the firm’s chief investment officer for Fixed Income and Proprietary Investments. In this capacity, he oversaw $120 billion in assets under management across retail and institutional clients, as well as the firm’s own insurance assets. From 2002 to 2004, Browne was founder and managing partner of Picador Capital, an alternative investment firm. From 1999 to 2001, he was co-head of Americas Fixed Income for Merrill Lynch Investments and he also worked in the firm’s London office from 1997 to 1999 as a senior portfolio manager. Browne spent the first eight years of his career, from 1989 until 1997, at JP Morgan Investment working as a global fixed income and currency portfolio manager in the firm’s Tokyo and London offices.

Browne holds a B.A. with a major in economics from the College of the Holy Cross. He also has a master’s in international business studies from the University of South Carolina. Browne is a Chartered Financial Analyst.

Over the last 24 years, Bill Driscoll, CFA, CFP®, has worked in increasingly strategic roles within the investment community of Chicago following the start of his career in New York. Driscoll recently became the director of research at Oak Family Advisors, LLC, after merging his private client business, Prudence Island Wealth Management, into Oak Family. Formerly, he served as the director of research at Zuckerman Investment Group after working for nine years at RMB Capital Management where he was the lead portfolio manager of the firm’s three proprietary equity products with over $1 billion in assets under management.

In New York, Driscoll worked as an analyst covering the technology sector for Evergreen Investments and as a research associate at Alex Brown, the oldest investment bank in the United States at the time. Driscoll holds a B.A. in Biology with a Concentration in Environmental Science from Colby College.


Michele Gambera, PhD, CFA, is co-head of Strategic Asset Allocation Modeling. In this role he co-leads the team developing and maintaining quantitative models in asset allocation for both clients and the portfolio management teams in Investment Solutions. Gambera joined UBS Asset Management in 2010 from Ibbotson Associates, Morningstar’s asset allocation consultancy, where he had been Senior Research Consultant and Chief Economist since 2006. In his more than nine years at Morningstar, he was also a senior quantitative analyst and then chief economist for Morningstar Associates LLC. Prior to joining Morningstar, he worked for the Federal Reserve Bank of Chicago for two years as an economist in the Supervision and Regulation division. 

Alongside his extensive economic and quantitative analysis experience, Gambera has a strong academic background and has held various teaching roles, most recently on the Master of Quantitative Finance program at University of Illinois. He is often quoted by the press including the Wall Street Journal and the New York Times. He is a member of the Chicago Quantitative Alliance and CFA Society Chicago.


Lotta Moberg, Ph.D., CFA, is an analyst on William Blair’s Dynamic Allocation Strategies (DAS) team, responsible for global macro research. Moberg previously worked for the Swedish foreign ministry in Russia and the Swedish Defense Forces in Kosovo, and has been a consultant for the World Bank. She is the author of the book The Political Economy of Special Economic Zones: Concentrating Economic Development. Moberg has also published articles in several economic journals, including The Journal of Institutional Economics and The Review of Austrian Economics. She has taught classes in economics at George Mason University. Moberg’s research includes special economic zones, tax policy, and municipal bankruptcy. She is a member of CFA Institute and CFA Society Chicago and serves on the Board of Trustees for the CFA Institute Research Foundation. Moberg received a B.A. in economics from Lund University in Sweden and a Ph.D. in economics from George Mason University. 

*Special Notes Regarding Fees: 
This event is complimentary for both members and nonmembers. Registration online is required and closes at 5:00 PM on October 6, 2020.

CFA Institute CE Qualified Activity:
This program qualifies for credit under the guidelines for the
CFA Institute Professional Development Program.

10/7/2020 4:00 PM - 5:00 PM

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