Thursday, May 6, 10:45 - 12:00	view all sessions this time
Asset Management  Advanced	view all sessions this track

108-Fundamental Analysis of Prime Institutional Money Market Funds

Severe credit events and major industry changes demand fresh thinking in money fund investing. This class applies fundamental credit analysis techniques to risk assessment of prime institutional funds. Participants will gain general understanding of aggregate issuer exposure, sensitivity analysis, risk correlation, and return attributions. This is an advanced-level liquidity/risk management class.

Learning Objectives:
	Identify basic risk characteristics of money market funds.
	Understand general techniques in money fund risk analysis.
	Apply a fundamental credit process to fund selections.

Lance Pan, Capital Advisors Group Lance Pan is Director of Investment Research at Capital Advisors Group, a Boston-area investment manager of short-term fixed income assets through separate account management. A seasoned credit analyst and an industry thought leader, Lance has been a prominent investment strategist for corporate treasury functions. As an early critic of the systemic risks in auction rate securities and money market funds, Lance was frequently quoted by financial press including the Associated Press, Business Week, and Bloomberg. He holds the Chartered Financial Analyst designation, and is an editorial board member of the Journal of Corporate Treasury Management. Prior to his current position, Lance was a senior research analyst at Columbia Management Group.