Speaker: Charles H. Wang.
Title: The Challenge of Emerging Market Investing.
Affiliation: Acadian Asset Management.
Date: Friday, February 21, 2003.
Place and Time: Room 499 - Dirac Science Library, 4:30 pm.
Refreshments: Dirac Library 4th floor lounge, 4:00 pm.

Abstract. Emerging market investing is full of opportunities and risks. With the large degree of market inefficiencies in emerging markets and the divergence of economic fundamentals across countries, with high economic growth and scarcity of capital, the return potential is high and active portfolio management can add more value than in developed markets. However, the risk is also high, as we have witnessed during a number of financial crises in the past decades. In this presentation, I will explain the investment process and models in Acadian's emerging market strategies. I will explain why diversification and value investing are able to reduce risk significantly. I will also address the commonly asked question about data quality and the usefulness of quantitative research in emerging markets.