IMAS would like to invite you to a presentation on ” Achieving the optimal mix of active and passive management” by George “Gus” Sauter, Chief Investment Officer and a Managing Director of The Vanguard Group.
Details as follows:
Date : Monday, 5th June 2006
Time : 12.15 – 2.00pm, Lunch will be served
Venue : Bloomberg Auditorium, 23 Church Street, #12-00 Capital Square
Cost : $21 members, $31.50 members of affiliated
associations, $52.50 non members (rates inclusive of GST)
Interested participants, please indicate your interest via webmaster@imas.org.sg by 30th May 2006.
The Vanguard Group, headquartered in Valley Forge, Pennsylvania, is the world?s second-largest mutual fund firm and a leading provider of index investment products. Vanguard serves some 21.5 million institutional and individual shareholder account. We manage approximately $900 billion (as of December 2005) in U.S. mutual fund assets, Vanguard offers 130 funds to U.S. investors and 40 additional funds in foreign markets.
The case for indexing often seems to argue against the inclusion of active management in a balanced portfolio. In fact, the rationale for passive investing may actually justify including active components in portfolios. Mr. Sauter demonstrates the compatibility of indexing with outperformance opportunities, and outlines a philosophy for combining active and passive styles to create an optimal investment mix. Mr. Sauter shows how investors with varying degrees of skill can combine indexing with active management to maximize returns, while minimizing risk.
Mr. Sauter is the Chief Investment Officer and a Managing Director of The Vanguard Group. As Chief Investment Officer he is responsible for the oversight of approximately $700 billion (as of February 2006) managed by Vanguard?s Fixed Income and Quantitative Equity Groups. The funds managed by these two investment groups include active quantitative equity funds, equity index funds, active bond funds, index bond funds and money market funds.
Mr. Sauter is a member of the Equity Markets Committee of the Investment Company Institute, the Council on the Graduate School of Business of The University of Chicago, and the Advisory Board of the Journal of Investment Management Conference Series.
Regards
IMAS Secretariat
www.imas.org.sg
