Investment trust outperformance - is it real and what is its source? (Fully Booked)
Thu 14 Jun 18 at 6th Floor, Tapestry Room, The Ned, London

Practitioner research suggests that investment trusts outperform open-ended equivalents. Ground-breaking research undertaken by Cass Business School, and assisted by CFA UK, will provide the first impartial evidence as to whether investment trusts really do outperform open-ended vehicles and, if so, where that outperformance comes from.

Is it the ability to hold more illiquid securities, their focus on small caps or the ability to employ leverage?

Attend this session to learn more about this research project and the reality of investment trust performance.

Please note if you require special assistance or have specific access requirements, please contact the events team at

Dr Simon Hayley, CFA
Senior Lecturer in Finance, Cass Business School

Dr Simon Hayley, CFA, joined Cass following a career covering policy analysis for government and market analysis for a range of city institutions. His research at Cass has concentrated on investor behaviour and the misconceptions that sometimes drive it. This research has been published in leading global journals including the Journal of Financial and Quantitative Analysis.

Previously, Simon was Global Market Analyst at Capital Economics; Senior Research Associate at Pareto Partners, where he conceived and researched improvements in dynamic currency overlay strategy; and a currency strategist, generating applied market strategies in FX spot and options markets. In these roles his views were widely quoted and he made many TV and radio appearances.

Simon also previously worked as an economic forecaster at the Reserve Bank of New Zealand and as an economic adviser at HM Treasury, covering a variety of areas including macroeconomic modelling and forecasting, evaluating microeconomic policy effectiveness, market analysis and UK policy towards EMU.

Simon has a PhD in finance from Cass Business School, an MSc in economics from Bristol University and a BA in politics, philosophy and economics from Oxford University. He has been a CFA charterholder since 2005.

When and where?

Thursday 14 June 18

Registration: 17:30
Event: 18:00 - 19:00

6th Floor, Tapestry Room, The Ned, 27 Poultry, London EC2R 8AJ
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Member - £0
Non-member - £50

This is eligible for 1 CPD hour