Session 3: What's on the Horizon for Investors and Global Markets?
Friday, May 7, 2021, 11 a.m. 鈥� 12:15 p.m. ET
On Friday, May 7 during the final webinar of the 2021 Carroll School Webinar series,听鈥淧ost-Pandemic Trajectories: Politics, the Economy, and Global Markets,鈥� Boston College alum and CNBC finance and technology reporter Kate Rooney 鈥�13 guided a panel of knowledgeable finance experts as they expanded the conversation beyond the nation鈥檚 borders, to discuss what鈥檚 on the horizon for investors and global markets in the months and years ahead. Panelists included Richard Bernstein, chief executive officer and chief investment officer, Richard Bernstein Advisors; and听Tony Pasquariello, global head of hedge fund coverage for the Global Markets Division of Goldman Sachs. See the full recording below.听
Participant Bios
Panel Moderator: Kate Rooney 鈥�13, finance and technology reporter, CNBC
Kate Rooney is a technology reporter based out of CNBC鈥檚 San Francisco bureau, with a focus on financial technology, payments, and venture capital. She also writes and reports for CNBC鈥檚 digital platforms.
Rooney joined CNBC in 2015 as a news associate before working as a producer for CNBC鈥檚 鈥淪quawk Box鈥� and was most recently a markets reporter for CNBC.com.
She graduated from Boston College with a bachelor鈥檚 degree in communication and earned her master鈥檚 degree from the Medill School of Journalism at Northwestern University where she received an Eric Lund Global Reporting and Research Grant to film and produce a documentary in the Philippines. She also worked as a multimedia reporter in Buenos Aires, Argentina in 2015 with a focus on housing and politics.
Panel introduction by Daniel E. Holland III, '79, P'07, '08, Managing Director, Private Wealth Management, Goldman Sachs & Co
Dan Holland is a managing director in the Investment Management Division. Since 2010, he has served as region head for the firm鈥檚 Private Wealth Management (PWM) business in New England. Previously, he had responsibility for the Global Securities Services (GSS) business in the Boston region, responsible for Prime Brokerage, Capital Introduction, and Relationship Management with hedge fund clients. Before that, he was co-manager of Prime Brokerage Sales in New York and managed Fixed Income Prime Brokerage.
Prior to joining GSS in 2001, Holland worked in the Securities Division, where he oversaw the Institutional Client Services, Dealer Sales, and PWM Sales trading teams. From 1999 to 2000, he was chief operating officer of FICC North American Sales and became co-manager of the Boston office and head of FICC in Boston in 1997. Holland joined Goldman Sachs in 1987 as a Fixed Income Sales generalist and was named managing director in 1999.听
Holland served in the U.S. Navy as lieutenant, surface warfare officer from 1981 to 1985, and in the U.S. Naval Reserve as an intelligence officer from 1986 to 1990. He serves on the board of the New England Center for Homeless Veterans and is on the advisory boards of the Boston College Carroll School of Management and the Center for Asset Management at Boston College. He is a trustee of the Naval War College Foundation in Newport, Rhode Island, and is an overseer of the USS Constitution Museum in Boston. Holland earned an MBA from the Wharton School of the University of Pennsylvania in 1987 and a BA in economics from Boston College in 1979.
Panelist: Richard Bernstein, chief executive officer and chief investment officer, Richard Bernstein Advisors
Richard Bernstein is the chief executive officer/chief investment officer of Richard Bernstein Advisors LLC.
Bernstein founded Richard Bernstein Advisors LLC (RBA) in 2009. The firm utilizes a unique top-down approach to investing, focusing on macro trends rather than individual stock selection. RBA, one of the fastest growing money management firms, is among Morningstar鈥檚 Top 10 ETF Model Managers in assets and partners with some of the world鈥檚 leading financial institutions.
Bernstein has over 40 years鈥� experience on Wall Street, and was formerly the Chief Investment Strategist at Merrill Lynch & Co. Prior to joining Merrill Lynch in 1988, he held positions at E.F. Hutton and Chase Econometrics/IDC. A much-noted expert on equity, style and asset allocation, Bernstein was voted to Institutional Investor magazine鈥檚 annual 鈥淎ll-America Research Team鈥� eighteen times, and is one of only fifty-seven analysts inducted into the Institutional Investor 鈥淗all of Fame鈥�. He was also twice named to both Fortune magazine鈥檚 鈥淎ll-Star Analysts鈥� and to Smart Money magazine鈥檚 鈥淧ower 30鈥�, and was a member of Registered Rep鈥檚 鈥淭en to watch鈥� for 2012. His book 鈥淪tyle Investing: Unique Insight into Equity Management鈥� is widely viewed as the seminal book on style-oriented investment strategies. He donates the profits from that and his other book, 鈥淣avigate the Noise: Investing in the New Age of Media and Hype,鈥� to charity.
Bernstein is chair of the Alfred P. Sloan Foundation endowment鈥檚 Investment Committee (~$2.0 billion) and sits on the Hamilton College endowment鈥檚 Investment Committee (~$1 billion); he is a trustee of both institutions. He is also a member of the Journal of Portfolio Management鈥檚 Advisory Committee, a Program Reviewer for the CFA Curriculum, and former adjunct faculty of the NYU/Stern Graduate School of Business. Rich holds an MBA in finance, with Beta Gamma Sigma distinction, from New York University, and a BA in economics from Hamilton College. He has lectured on finance and economics at numerous colleges, universities and professional forums.
Panelist: Tony Pasquariello, Global Head of Hedge Fund Coverage, Global Markets Division,听Goldman Sachs & Co.
Tony Pasquariello is global head of hedge fund coverage for the Global Markets Division, and co-leads the firm鈥檚 cross-divisional coverage of family offices in the Americas. Previously he was head of macro client coverage across FICC and Equities and co-head of US Equities Sales. He joined Goldman Sachs in 1999 as an analyst in Fixed Income Interest Rate Products and moved to the Equities Division in 2001.听Pasquariello was named managing director in 2007 and partner in 2012.
Pasquariello听is a member of the Board of Trustees of the Taft School, vice chair of the Board of Trustees of Uncommon Schools NYC and a Visitor of Colby College. He also serves on the Leadership Council of the Robin Hood Foundation.
Pasquariello听earned a BA from Colby College in 1999.
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Intro and closing music is听鈥淔or Boston鈥� in 8 parts for violin by听Nova Wang CSOM '21