Biography
Larry Cao, CFA, director of industry research, CFA Institute, conducts original research with a focus on the investment industry trends and investment expertise. His current research interests include multi-asset strategies and FinTech (including AI, big data, and blockchain). He has led the development of such popular publications as FinTech 2017: China, Asia and Beyond, FinTech 2018: The Asia Pacific Edition, and Multi-Asset Strategies: The Future of Investment Management and is a frequent speaker at industry conferences on these topics. During his time in Boston pursuing graduate studies at Harvard and as a visiting scholar at MIT, he also co-authored a research paper with Nobel laureate Franco Modigliani that was published in the Journal of Economic Literature by American Economic Association. Larry has more than 20 years of experience in the investment industry. Prior to joining CFA Institute, Larry worked at HSBC as senior manager for the Asia Pacific region. He started his career at the People’s Bank of China as a USD fixed-income portfolio manager. He also worked for US asset managers Munder Capital Management, managing US and international equity portfolios, and Morningstar/Ibbotson Associates, managing multi-asset investment programs for a global financial institution clientele. Larry has been interviewed by a wide range of business media, such as Bloomberg, CNN, the Financial Times, South China Morning Post and the Wall Street Journal.
Critics of blockchain technology claim that it is too slow for financial transactions and that its consensus mechanism uses too much energy. In this interview, Carl Wegner of the blockchain technology developer R3 paints a more encouraging picture.
“I don’t see any financial crisis in the near future," Steven Eisman told delegates at the 71st CFA Institute Annual Conference.
What’s the road map for artificial intelligence (AI) in investment management? Larry Cao, CFA, shares his perspective in the final installment of his three-part series exploring AI's impact on investment management.
Artificial intelligence (AI) is coming to the investment world. Given AI's superior computing power and lack of behavioral biases, some in the investment industry and academic circles believe it will come to dominate the sector.
We are witnessing the beginning of the artificial intelligence (AI) era. So what do investment managers need to know about AI, deep learning, and machine learning? Larry Cao, CFA, weighs in.
Northern Trust CIO Robert P. Browne, CFA, discussed how asset allocation decisions are made using quantitative methods, while the underlying (active) portfolios are often run by managers from the fundamental school of investing, at the 70th CFA Institute Annual Conference.
So, what is blockchain? What will it do to our industry? Campbell R. Harvey led an extended presentation on the subject.
Blockchain is an often discussed, rarely understood topic. What is it all about? What changes will it bring to financial services? What are the benefits and road blocks? Larry Cao, CFA, asked Jennifer Qin of Deloitte for her take on these questions.
Neal Cross, chief innovation officer of DBS, shared three truths and two myths about fintech with Larry Cao, CFA, in the latest installment of the Fintech Files.
Of all the uses of fintech, mobile payment is arguably the one in which traditional financial institutions have lost the most share. Who will dominate mobile payments on a global scale? Larry Cao, CFA, explored the issue with Ken Chew, managing director of DBS Bank’s consumer finance business.