{"id":393594,"date":"2020-12-04T09:51:18","date_gmt":"2020-12-04T14:51:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393594"},"modified":"2020-12-04T09:51:18","modified_gmt":"2020-12-04T14:51:18","slug":"2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/","title":{"rendered":"2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research  Award Winners"},"content":{"rendered":"<h2>\nOvercoming a bias towards complexity<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, Dec.  04, 2020  (GLOBE NEWSWIRE) &#8212; Congratulations to the winners of the 2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award. This year\u2019s award-winning research paper is <em>Complex Instrument Allowance at Mutual Funds <\/em>by Paul Calluzzo and Selim Topaloglu from Queen&#8217;s University Smith School of Business and Fabio Moneta from the University of Ottawa, Telfer School of Management.<\/p>\n<p>\u201cCompleting high-level research for publication takes an extraordinary amount of effort and commitment. The conclusions reached by this paper are more valuable than statements of \u2018fact\u2019 that are determined without proper testing,\u201d said Chris Guthrie, CFA, President &amp; CEO, CIO, portfolio manager, and founding partner of Hillsdale Investment Management Inc.<\/p>\n<p>The Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award is open to global researchers conducting research related to Canadian capital markets including both academics (e.g. professors and students) and practitioners. Research papers are reviewed by a panel of CFA charterholding investment experts to ensure they are in line with the rigorous values and standards embodied in the CFA designation.<\/p>\n<p>&#8220;At its roots,\u00a0Hillsdale\u00a0believes in and supports applied investment research and the need to continuously invest in our process for the benefit of our clients. Teaming up with CFA Society Toronto to further such research efforts is natural for us,&#8221; said Harry Marmer, CFA, executive vice president, and partner of Hillsdale Investment Management Inc.<\/p>\n<p><strong>The abstract of the paper:<\/strong> \u201cWe study the loosening of restrictions on the use of leverage, derivatives, and illiquid assets by mutual funds. In contrast to previous studies, we find that the allowance of these complex instruments is associated with poor performance and higher risk. The underperformance is most acute during market downturns and among weakly monitored funds. We also find that mutual funds that actually use these instruments underperform. Overall, our results suggest caution in allowing funds to use these complex instruments.\u201d<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4YOzXpD0ir5Nro97YiK-2cjWMXw6YOHVHEKgs3KJ4IdK4YleNmojanWd-r8biJ_4GK0YgluSyOy9XiBOPGRDgnG-sRuQH3uieYLBMOta9bgNa_P8yfBLEmM3OeebZkeaHb7uEn9iDCAZ47XZ6Vwz-Ihb0n2nPawSdtFcsrHmNG1Uu5H6gPEgk59Q6nZDuMk1\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Click here<\/a> to read more about this year\u2019s award-winning research paper.<\/p>\n<p align=\"justify\">\n        <strong>About Hillsdale Investment Management Inc.<br \/><\/strong>Celebrating over a quarter of a century of investment excellence, Hillsdale Investment Management is an independent, employee-owned and client-aligned investment boutique managing over $3.5 billion on behalf of a select group of institutional and private wealth investors. Hillsdale engages in disciplined active investment management, specializing in equities, alternatives, ESG and customized mandates. Hillsdale is recognized for both investment and service excellence \u2013 a reflection of its relentless pursuit of research and development and the dedication of its partners and employees.\u00a0 For more information, please refer to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VBPYjvUdYBozX6J84_2oMtZwUtvNs_a6GQguKAD14zhuhL1om7aaDGA0xYOcAz5GzMqdXh3CC97yg3UbpE2Wi21t4HmKoDvTPKGbUuo3-N0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.hillsdaleinv.com<\/a>.<\/p>\n<p><strong>About CFA Society Toronto<br \/><\/strong>Founded in 1936, CFA Society Toronto is part of the worldwide network of CFA Institute member societies that lead the investment profession globally by promoting the highest standards of ethics, education and professional excellence for the ultimate benefit of society. CFA Society Toronto represents the interests of over 10,000 investment professionals in the Greater Toronto Area through advocacy, education, events, and professional development.\u00a0 For more information visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sNNI5Fyp6gmpBas3bvD4sCHIHV543f5M040W7LapGHgmg5JrIR__YvBEGx3R7moFdQ9r1gQ3KxVpZTi7LQJZulZCLyjNmRV5X751Hvi7epM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.cfatoronto.ca<\/a>\u00a0or follow us on Twitter\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1jOMnIcf2Twjof2r9OEE7gtpTHZRUBICtIVtxUL1k3H1iWhZsDoCE7rafCs8Y9BQ7O6DeVGz3OWJCUVsDrVweArMhCATe5ztNL-_o1e6CIs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">@cfatoronto<\/a>\u00a0and on LinkedIn\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vcRBaGZZXdtcjukgwSU11Z8Q1rOwr6NNaVAqhalE_e1k-ejO62iAvUtkXsSBey9uYTQpZvq3FM8hpvVugvoPujTPGf8yondNUS1EO7nGyHusnJEq8fxb4bjA7rqMdCC_\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CFA Society Toronto<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Chartered Financial Analyst\u00ae and CFA\u00ae are registered trademarks owned by CFA Institute.<\/strong>\n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5Njk4NCMzODU2OTU3IzIxODM5ODk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/a4cae78d-1eef-482f-85d1-eff59c4cf5eb\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Jonathan Mai\r\nCFA Society Toronto\r\n4163665755235\r\njmai@cfatoronto.ca\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Overcoming a bias towards complexity TORONTO, Dec. 04, 2020 (GLOBE NEWSWIRE) &#8212; Congratulations to the winners of the 2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award. This year\u2019s award-winning research paper is Complex Instrument Allowance at Mutual Funds by Paul Calluzzo and Selim Topaloglu from Queen&#8217;s University Smith School of Business and Fabio Moneta from the University of Ottawa, Telfer School of Management. \u201cCompleting high-level research for publication takes an extraordinary amount of effort and commitment. The conclusions reached by this paper are more valuable than statements of \u2018fact\u2019 that are determined without proper testing,\u201d said Chris Guthrie, CFA, President &amp; CEO, CIO, portfolio manager, and founding partner of Hillsdale Investment Management Inc. The Hillsdale Investment Management &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research  Award Winners&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393594","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award Winners - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award Winners - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Overcoming a bias towards complexity TORONTO, Dec. 04, 2020 (GLOBE NEWSWIRE) &#8212; Congratulations to the winners of the 2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award. This year\u2019s award-winning research paper is Complex Instrument Allowance at Mutual Funds by Paul Calluzzo and Selim Topaloglu from Queen&#8217;s University Smith School of Business and Fabio Moneta from the University of Ottawa, Telfer School of Management. \u201cCompleting high-level research for publication takes an extraordinary amount of effort and commitment. The conclusions reached by this paper are more valuable than statements of \u2018fact\u2019 that are determined without proper testing,\u201d said Chris Guthrie, CFA, President &amp; CEO, CIO, portfolio manager, and founding partner of Hillsdale Investment Management Inc. 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This year\u2019s award-winning research paper is Complex Instrument Allowance at Mutual Funds by Paul Calluzzo and Selim Topaloglu from Queen&#8217;s University Smith School of Business and Fabio Moneta from the University of Ottawa, Telfer School of Management. \u201cCompleting high-level research for publication takes an extraordinary amount of effort and commitment. The conclusions reached by this paper are more valuable than statements of \u2018fact\u2019 that are determined without proper testing,\u201d said Chris Guthrie, CFA, President &amp; CEO, CIO, portfolio manager, and founding partner of Hillsdale Investment Management Inc. The Hillsdale Investment Management &hellip; Continue reading \"2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award Winners\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-04T14:51:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5Njk4NCMzODU2OTU3IzIxODM5ODk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award Winners","datePublished":"2020-12-04T14:51:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/"},"wordCount":523,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5Njk4NCMzODU2OTU3IzIxODM5ODk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/2020-hillsdale-investment-management-cfa-society-toronto-investment-research-award-winners\/","name":"2020 Hillsdale Investment Management \u2013 CFA Society Toronto Investment Research Award Winners - 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