The programme of the Czech Investment Conference is divided into two days (19 and 20 November 2018). On the first day, each of the speakers shall introduce one particular equity investment idea to you. You will be informed about interesting tips how and where suitable investments can be searched for, and you will have an opportunity to observe how particular managers search for such investments, how they assess them and which arguments they use to reach their targets. The first Conference day will be closed with a cocktail party and informal networking. The second day will be devoted to practical workshops intended for maximum 30 participants.

Day 1: 19 November 2018

8:00 - 8:50

9:00 - 9:10

Registration

Opening Remarks


Part I

9:10 - 9:40

Miron Zelina, Member of the Board, Privatbanka

Miron has been operating on capital markets more than 27 years. From 1999 to 2004 he was CEO of the brokerage house, Invest Brokers. Since 2004 he has been working for Privatbanka, first as a director of Treasury department and last six years as a member of the Board and Head of Private banking. He is responsible for Private banking, Treasury and Asset management departments. In addition, he is vice-chairman of the Executive committee of the Association of Securities Dealers and Chairman of the Council of Investment Guarantee Fund. He prefers investments based on a real cash flow (stocks, bonds).


9:40 - 10:10

Ondřej Klečka, CFA, Investment Manager, Arca Capital

Ondrej is currently an investment manager in Arca Capital. He focuses on investments in tactical opportunities (special situations across all asset classes) as well as undervalued long-term equities across the regions (mainly Europe and USA). He joined Arca group in 2017 from BCG consultancy, where he focused on advisory for Financial Institutions. Prior to that, he worked in European Central Bank, EY and Accredio. He graduated from University of Economics in Prague and is CFA charterholder. He also attended MBA program at Duke University, The Fuqua School of Business in USA.


10:10 - 10:40

Mikuláš Splítek, Portfolio Manager, Erste Asset Management

Mikuláš is a member of Erste Asset Management equity team. He manages Stock Small Caps fund, focusing on small companies in the developed markets. He had previously worked for Brokerjet ČS. He has authored lessons on investment psychology for Investicniweb.cz, and introduced a number of investment ideas for Roklen24. His strategy combines Benjamin Graham's value approach with growth investing inspired by Philip Fisher.


10:40 - 11:10

Alex Rauchenstein, MBA, CEFA, CEO, Strategic Investment Advisors Group

Born in Aarau, Switzerland, Alex Rauchenstein holds an Executive MBA for international Wealth Management from GSIA Carnegie Mellon University and a MBA from the University of Geneva. In addition he is Chartered European Financial Analyst.

Until December 2005, he was Head of the Investment Process at Centrum Bank, a specialised Privat bank in Vaduz (Liechtenstein). In this position he was responsible for the coordination of the strategic asset allocation, sector-, fund- and stock selection process. Before joining Centrum Bank in 1999 he spent three years setting up and then managing the Eastern European Equity Fund for UBS Asset Management. Alex acquired a very solid finance education at UBS Zurich, where he started his career in 1989 with a trainee Program.

He formally joined Strategic Investment Advisors Group, as General Manager of SIA Funds AG in January 2006.


11:10 - 11:40

Coffee Break


Part II

11:40 - 12:10

Daniel Gladiš, CFA, Vltava Fund

Dan graduated from VUT Brno. In 1993-1998 he was the director of Atlantik Financial Markets, a.s., a member of the Prague Stock Exchange, which he founded. In 1999-2004 he was the director of ABN AMRO Asset Management (Czech), a.s. In 2004, he founded the investment fund Vltava Fund SICAV. Vltava Fund is a global equity investment fund dedicated to qualified investors. Daniel Gladiš is the author of Naučte se investovat (Learn to Invest) and Akciové investice (Stock Investments).


12:10 - 12:40

Urs Marti, BBA, Director, Strategic Investment Advisors Group

Born in Zurich, he started his career at UBS in 1987 with a traditional apprenticeship and a trainee program in finance. Urs received a BBA from KSZH in 1999. Until 2003, he worked in the trading and sales departments of UBS and CSFB, and was a member of the Swiss Capital Group's start-up team.

In 2003, Urs joined Zulauf Asset Management to start a resource-related fund, which he continued to manage as a partner in a small asset management company after 2008. During this time, he was also responsible for a Uranium fund. In 2012, he founded a company to invest directly into resources and agriculture.

He joined Strategic Investment Advisors Group in April 2016.


12:40 - 13:10

Jiří Dopita, Research Analyst, Verdi Capital

Jiri is Verdi Capital's Research Analyst. He is responsible for finding new investment opportunities among publicly traded stocks and bonds and for monitoring of current investments. His investment process is based on fundamental analysis. Prior to joining Verdi Capital, he worked as an Investment Analyst at Aakon Capital. Jiri graduated from the Charles University in Prague. During his studies, he was an active member of the Czech Investors club where he organized lectures with leading Czech financiers and investors.


13:10 - 14:20

Lunch Break


Part III

14:20 - 14:50

Patrik Hudec, CFA, Head of Fund Portfolio Management, Generali Investments CEE 

Patrik Hudec, CFA is in charge of the team of fund portfolio managers managing (non)UCITS funds and funds of qualified investors in Generali Investments CEE, investiční společnost, a.s. He is also a director of the board of Generali Invest CEE plc incorporated in Ireland and a non-executive director to Generali Voluntary Pension Fund Management Company established in Serbia. Patrik holds a master degree from the Faculty of Mathematics and Physics - Charles University in Prague.

14:50 - 15:20

Ondřej Koňák, Portfolio Manager, Redside

Ondrej is managing Arca Opportunity CEE Equity fund that invest into the listed equities among the Central and Eastern European countries. Before that, he was working as equity and credit analysts in PPF, Generali Investments CEE and Patria covering oil & gas, utilities and metals & mining sectors. Ondrej graduated at University of Economics, Prague.

15:20 - 15:50

Miroslav Frayer, Equity Analyst, Komerční banka

Miroslav Frayer joined Komercni Banka in 2006. After eight years on a position of Senior Economist, Miroslav moved to equity research and his main current responsibility is for coverage of the Czech stock market. A significant part of his work is also general analysis of foreign stock markets and participation in asset allocation committees in the bank. Miroslav holds a master's degree in Macroeconomics and Financial Markets from the University of Economics, Prague.

15:50 - 16:20

Ján Hájek, CFA, Portfolio Manager, Top Stocks

Ján started his professional career in 1994 as an sell-side equity analyst. Later he worked as a portfolio manager and proprietary trader. He is the manager of the Top Stocks Fund since its inception in August 2006 when he started working for Erste Asset Management ČR. The Fund invests in a group of approximately 25 common stocks, regardless of their market capitalization, traded in US and Europe and selected for their long-term growth potential.


16:20 - 19:00

Cocktail party & networking

Day 2: 20 November 2018

You can choose among 5 practical workshops. However, you may take part only in three of them, because always two workshops run in parallel. Before you register in the workshops chosen by you, make sure there are not running at the same time. The admission fee for the workshops is to be paid separately. Price for one workshop is 60 EUR (including VAT).

9:00 - 10:20

Risk

Daniel Gladiš, Vltava Fund

More information coming soon


9:00 - 10:20

Probabilistic view of investing

Miron Zelina, Member of the Board, Privatbanka

More information coming soon


10:30 - 12:50

Investing in Natural Resources Companies

Alex Rauchenstein, MBA, CEFA, CEO, Strategic Investment Advisors Group

More information coming soon


12:00 - 13:20

Investment styles of value investors

Petr Čermák, Investor, investicedoakcii.cz

Value investing is a broad definition which incorporates a lot of miscellaneous investment styles. During the workshop we will look under the hood of deep value investing, qualitative value investing and activist value investing. We will describe the main differences of above mentioned styles, typical companies, which are usually purchased within each style and last but not least the most common ways how to find these investment opportunities. Everything will be demonstrated on portfolios of real value investors.

Bio Petr Čermák


12:00 - 13:20

Valuation Methods

Ján Hájek, portfolio manager, Top Stocks

The workshop will offer practical tips and experiences, which the manager has gained over the years when using different valuation methods.