Conference / Seminar, Virtual Events & Programming

31st Annual High Yield Bond Conference

June 7, 2021 - June 10, 2021

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Overview

Introduction to High Yield

MONDAY, JUNE 7

This program focuses on the basic building blocks of high yield investment. Leading practitioners provide an overview of the market’s scope, structure, and performance, as well as a how-to on high yield credit analysis. Another session will explain the dynamics of financial workouts and restructurings. This day’s program benefits both new and aspiring high yield practitioners, providers of services to high yield managers, institutional asset allocators, and investment advisors who seek to better understand the role of high yield bonds in their portfolios.

31st Annual Conference (General Sessions I, II & III)

TUES, JUNE 8; WED, JUNE 9; THURS, JUNE 10

CFA Society New York’s longest-running conference brings attendees up to the minute on the market’s outlook as well as key innovations. Leading market participants give their views on the best values in today’s market. Experts discuss the default rate outlook, quantitative methods, incorporating ESG into credit analysis, and recent scholarly research findings. This program is recommended for credit analysts, fixed income portfolio managers, institutional investors, and financial advisors who allocate to the high yield asset class, as well as providers of services to money managers.

Register to Attend

Member Registration

All Days, Sessions, Packages

$FREEfor members

Nonmember Registration

Master Class

$50until June 7
Master Class (June 7) Only

HYB Bundle

$200until June 10
All Days and Sessions

1-Day Gen Session

$75Until June 10
June 8, 9 or 10
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Agenda

Monday, june 7
Introduction to High Yield Bonds

12:00 PM | WELCOMING REMARKS

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

12:05 PM | SIZE, STRUCTURE, AND PERFORMANCE

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

12:55 PM | BREAK

1:05 PM | WORKOUTS AND RESTRUCTURING

Joshua Nahas, Principal, Wolf Capital Advisors

1:55 PM | BREAK

2:00 PM | FUNDAMENTALS OF HIGH YIELD CREDIT ANALYSIS 

Matt Zloto, Co-Head of US HY Research & Sr. Analyst Special Situations, CreditSights

2:55 PM | CLOSING REMARKS & ADJOURNMENT

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

TUESDAY, june 8
Current Market Strategy

12:00 PM | WELCOMING REMARKS

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

12:05 PM | DISTRESSED PLAYS

Dominique Mielle, Former Partner and Senior Portfolio Manager, Canyon Capital

12:40 PM | BREAK

12:45 PM | DEFAULT RATE OUTLOOK

Sharon Ou, Vice President – Senior Credit Officer, Moody’s Investors Service

1:35 PM | BREAK

1:45 PM | LEVERAGED LOANS OPPORTUNITIES

David Preston, CFA, Head of Structured Credit Research, AGL Credit

2:15 PM | BREAK

2:20 PM | WHERE ARE THE BEST VALUES RIGHT NOW?

Matthew Mish, CFA, Head of Credit Strategy, UBS

3:00 PM | CLOSING REMARKS & ADJOURNMENT

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

WEDNESDAY, june 9
Applied Analysis

12:00 PM | WELCOMING REMARKS

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

12:05 PM | QUANTITATIVE METHODS IN HIGH YIELD

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

12:55 PM | BREAK

1:05 PM | RATING SPECULATIVE GRADE BONDS

Robert Schulz, CFA, Managing Director, S&P Global Ratings

1:45 PM | BREAK

1:55 PM | INCORPORATING ESG INTO HIGH YIELD ANALYSIS

Henry Shilling, Founder and Director of Research, Sustainable Research and Analysis LLC

2:50 PM | CLOSING REMARKS & ADJOURNMENT

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

Thursday, june 10
New Research and Current Perspectives

12:00 PM | WELCOMING REMARKS

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

12:05 PM | A VIEW FROM THE FRONT LINES

John Dixon, High Yield Bond Trader, Dinosaur Financial Group LLC

Martha Metcalf, CFA, Head of U.S. Credit, Portfolio Manager, Schroders Investment

Wiliam Zox, CFA, Portfolio Manager, Diamond Hill Capital Management, Inc.

1:05 PM | BREAK

1:15 PM | RECENT FINDINGS IN HIGH YIELD RESEARCH

Topic #1:Why COVID-19 Affected High Yield and Investment Grade Differently

Alan Moreira, Associate Professor of Finance, University of Rochester

Topic #2: Impact of ETF on Pricing of Underlying High Yield Bonds

John D. Finnerty, PhD, Professor of Finance – Gabelli School of Business, Fordham University

Topic #3: Do Bond Investors Know Better than the Credit Rating Agencies?

Professor Lei Zhou, PhD, PRM, Professor – College of Business, Northern Illinois University

2:45 PM | CLOSING REMARKS & ADJOURNMENT

Martin Fridson, CFA, Chief Investment Officer, Lehmann Livian Fridson Advisors LLC

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Additional Details

Learning Outcomes

  • Explore and discuss career paths and professional development in this time of transformation
  • Gain insight into advances and developments in equity research techniques, valuation and portfolio management.
  • Understand areas where fintech innovation is having an impact on the investment industry now and in the future.

    Sponsorship Overview

    For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

    Please be advised of the following information related to Society sponsorship and support:

    Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

    CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

    Legal Notice and Disclaimer

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    Inclement weather

    CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

    Refunds, Cancellations, and Substitutions

    • 72 HOURS ADVANCED NOTICE OR MORE:
      • Full refund issued
    • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
      • No refund

    All requests for cancellation or refunds must be sent to seminars@cfany.org.

    More

    CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

    The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

    None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.