Practical analysis for investment professionals

Larry Cao, CFA

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80 Posts

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.

Author's Posts
Blockchain Technology: What Will Be Its Biggest Bang?

Though blockchain technology has enormous promise, it has yet to gain many entry points into the finance industry. So where is the technology most likely to be applied over the next five years? We asked CFA Institute Financial NewsBrief readers for their assessment. Larry Cao, CFA, analyzes the results.

Best of 2016: Fintech

Many working in the financial industry are concerned about how fintech will affect their employers and their own career prospects. With the goal of bringing more clarity to this issue, Larry Cao, CFA, shares the stories that taught him the most about the subject in 2016.

The Fintech Files: Will P2P Disrupt the Banks?

Peer-to-peer (P2P) lending is a form of direct lending between lenders and borrowers. In a P2P transaction, money can flow from the lenders directly to borrowers through the P2P platform, bypassing the traditional banking channel. As such, it is generally considered a disruptive form of fintech. Lu.com is one of the world’s largest players in the P2P market. Recently, I sat down with Gregory Gibb, CEO and chairman of Lu.com, in his office in Shanghai to discuss how the industry will evolve.

The Fintech Files: What Does It Take to Be Successful?

Fintech has taken the financial services industry by storm. Yet despite all the talk of disruption, fintech start-ups are just as vulnerable as those in other industries. So what are the factors that separate the winners from the losers? In the first installment of the Fintech Files series, Larry Cao, CFA, interviewed Gregory Gibb, chairman and CEO of Lu.com, for his perspective.

The Fintech Effect: What Will Bring the Most Change?

Fintech will have a significant and potentially revolutionary influence on a broad set of sectors within the financial services industry and across the globe. So what aspect of fintech has the potential to most transform the finance sector? We asked readers of CFA Institute Financial NewsBrief to find out.

How Can Investment Professionals Add Value?

The investment world has changed, and investment professionals need to develop new skills to deal with a new reality. So how can they best serve their clients?

Weekend Reads for Global Investors: Fintech Bulls and Market Bears

George Soros seems poised for a comeback to the market. He apparently smells trouble, and it's tried and true that you can make (or lose) money much faster in a bear market.

Risk Parity Made Easy: Cliff’s Notes and Other Key Readings

What is risk parity? Is leverage an essential part of the strategy? How have risk strategies performed over time? Larry Cao, CFA, addresses these questions and highlights some of the most insightful readings on the subject.

Weekend Reads for Global Investors: Lending Club and Other P2P Woes in Fintech Land

The problems at Lending Club, a leading P2P company, raises a larger issue: What's the future of the fintech industry. Will it replace the traditional financial services sector as we know it or reshape it by providing better technical solutions?

Does the Buffett Bet Signal the End of Active Management?

Warren Buffett and Protégé Partners entered into a 10-year bet on whether an index fund would outperform a portfolio of hedge funds. With two years remaining, Buffett leads by a wide margin. So what does that mean for the active vs. passive debate?



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