Bruno Taillardat

Global Head of Smart Beta & Factor Investing

Bruno Taillardat  joined Amundi in September 2016 as Global Head of Smart Beta & Factor Investing.

Bruno started his career at Paribas Asset Management in 1998 as a Quantitative Analyst on North-American equities management and then as Head of Quantitative Research within the International Equities team at BNP Paribas Asset Management. Bruno joined Unigestion in 2007 as Senior Portfolio Manager in the Equity team. At Unigestion, he was then appointed Investment director and was responsible for quantitative and fundamental research. Bruno has a post-graduate degree in Mathematics from the University of Marseille and has completed executive education programs at the IMD Business School in Lausanne

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Day 1: Dec 2, 2020

2:30 pm

2:30 pm

Industry Expert

How to overcome hidden risks behind low volatility strategies

The value proposition of low volatility strategies is to provide a pure exposure to Equities while delivering a lower volatility than the index.
Thanks to their risk mitigation process and to their lower participation to market drawdowns, they are expected to outperform over the long-term.

However, risk is multi-dimensional. To construct a low volatility strategy, it is crucial to address a wide spectrum of risks and to look beyond volatility.
Indeed, the asset manager should overcome hidden risks behind low volatility strategies such as:

  • Liquidity and capacity
  • Interest rates sensitivity
  • Potential gap between ex ante and ex poste measurement
  • Macro risks
  • Carbon footprint
  • Concentration

Day 2: Dec 3, 2020