3. Risk management breaks down: Market panic and the 'flash crash'
PWM's round table discussion with Professor Robert Haugen, inventor of the Minimum Variance concept, highlights the importance of quantitative investing in the post-crisis climate. Private banks and institutions, requiring predictable returns for their clients and long-term savers, are increasingly incorporating systematic investment processes in their portfolio construction models. Our speakers look at the controversial history of quant investing, reasons for its comeback and re-evaluation, and how it can be combined with more traditional investment models.