CFA Society of Columbus November 9, 2021 Luncheon 

Please join CFA Columbus in welcoming Mr. Eduardo Repetto, Ph.D., Chief Investment Office of Avantis Investors as our guest speaker.

Post-Factor Investing: An Evolutionary Step Forward for Active & Passive Investing

Financial science and our understanding of what drives asset prices have evolved considerably since the advent of computers allowed large data sets to be analyzed more quickly and easily. The implications on the financial services industry have also been significant, including the introduction of passive index funds, single-factor and multi-factor strategies. The proliferation of factors, and strategies that follow them have created a complex system for investors to navigate, as undoubtedly many “passive” factor-based strategies make very “active” bets relative to the market portfolio. In this presentation, we provide a review of the literature on factors and attempt to offer investors a more cohesive framework to construct an efficient equity allocation. 

As Chief Investment Officer of Avantis Investors®, Eduardo is responsible for directing the research, design and implementation of our investment strategies, providing oversight of the investment team and the firm's marketing initiatives, and interacting with clients.

Prior to Avantis Investors' establishment in 2019, Eduardo was Co-Chief Executive Officer, Co-Chief Investment Officer and Director at Dimensional Fund Advisors LP ("DFA") until 2017. While at DFA, Eduardo provided oversight across the investment, client service, marketing, and operational functions of DFA and oversaw their day to day operations, directed the engineering and execution of investment portfolios and was involved in the design, development and delivery of research that informed the firm's investment approach as well as its application through portfolio management and trading.

Dr. Repetto earned a Ph.D. degree in Aeronautics from the California Institute of Technology, an MSc degree in Engineering from Brown University, and a Diploma de Honor in Civil Engineering from the Universidad de Buenos Aires. Eduardo is a Trustee of the California Institute of Technology. He is the recipient of the William F. Ballhaus Prize from the California Institute of Technology for outstanding Doctoral Dissertation in Aeronautics and the Ernest E. Sechler Memorial Award for his teaching and research efforts.

RSVP's due by COB Thursday, Octboer 28, 2021!