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Geopolitics and Portfolio Construction: How Portfolio Managers Navigate an Increasingly Complex Geopolitical Environment

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  • Geopolitics and Portfolio Construction: How Portfolio Managers Navigate an Increasingly Complex Geopolitical Environment
Fully Booked
When
  • Tuesday 23 September 2025
  • 18:00 - 20:30
Where
  • Fidelity
  • Corso Italia, 3 Milan
Credits
  • Eligible for 1 credit

Before the pandemic, geopolitics played a relatively minor role in influencing market dynamics. However, the war in Ukraine has dramatically shifted this perspective. Today, markets are increasingly attuned to geopolitical events such as conflicts and trade wars, recognising their potential to significantly impact companies and reshape business models. These developments can alter perceptions of the economies involved. Additionally, the new US political agenda is reversing a two-decade-long trend of globalisation, which carries profound implications for the Dollar's status as the global reserve currency.

Donatella Principe, Director - Market and Distribution Strategy at Fidelity International, will help us to better understand the current macroeconomic framework, also in the light of the most recent geopolitical events, while Alberto Chiandetti, CFA - Equity Portfolio Manager at Fidelity International - and Dennis Marco Montagna, CFA - Head of Advisory & Portfolio Management desk with Unicredit - as fund managers will discuss how to identify opportunities in this context while managing risks.

Agenda
17:30 Registrations
18:00 Welcome Remarks by CFA Society Italy Giuliano Palumbo, CFA - President - CFA Society Italy

Giuliano Palumbo

CFA - President - CFA Society Italy

Giuliano Palumbo is President of CFA Society Italy and he is responsible for the global fixed income strategies at Euromobiliare Asset Management. With over fifteen years of portfolio management experience, he previously worked in Arca SGR as Head of emerging markets desk. Prior to that, he was a Quantitative Analyst at Pioneer Investments in Dublin. Giuliano graduated in Economics from University of Naples and holds a Master in Economics and Finance. He was awarded with the Chartered Financial Analyst designation in 2009. He previously served as Treasurer and then as Secretary of the Board of Directors at CFA Society Italy.
18:05 Markets and Geopolitical Outlook Donatella Principe, Director - Market and Distribution Strategy - Fidelity International

Donatella Principe

Director - Market and Distribution Strategy - Fidelity International

Donatella Principe is Director - Distribution and Market Strategy at Fidelity International, where she joined in 2016. Graduated in Economics at Bocconi University in Milan, she began her career in the area of economic and market research and in 2002 she joined Schroders Italy SIM as Head of Investment Advisory and Head of Institutional Business.
18:30 Portfolio Management Panel Moderator, Andrea Semino, CFA - ETF and Index Fund sales - Fidelity

Andrea Semino

CFA - ETF and Index Fund sales - Fidelity

Andrea is responsible for ETF and Index Fund sales at Fidelity. With over a decade of experience in investment management and sales, Andrea has worked in both Italy and Switzerland. He covered various roles client coverage and portfolio management with BlackRock, Credit Suisse/UBS and, most recently, Fidelity. Andrea is a CFA Charterholder since 2015 and holds a Master of Science in Finance from Bocconi University.

Alberto Chiandetti, CFA - Equity Portfolio Manager - Fidelity International

Alberto Chiandetti

CFA - Equity Portfolio Manager - Fidelity International

Alberto Chiandetti, CFA, is Portfolio Manager of Fidelity since October 2008 managing different mandates in European Equities. Alberto first joined Fidelity International in July 2006 to take the role of Italy Country Analyst. Prior to Joining Fidelity he spent 7 years as a sell-side equity analyst. Alberto graduated in Finance from Bocconi University, Milan, in 1999 and is a CFA (Chartered Financial Analyst) charterholder since 2004.

Dennis Montagna, CFA - Head of Advisory & Portfolio Management desk - Unicredit

Dennis Montagna

CFA - Head of Advisory & Portfolio Management desk - Unicredit

Dennis Montagna, CFA is Head of Advisory & Portfolio Management desk at Unicredit. He previously worked at Banca IMI as director of Prop Desk and Capital Structure Trading, and as Portfolio manager for important Italian Sgr from 1998 to 2013 in different positions. At the beginning he was assistant focusing on quantitative analysis and then portfolio manager for Government and Credit Bond Portfolios. In 2003 he moved in equity team for Italian Equity products, with direct responsibility for some funds. Then he pursed his career as portfolio manager in equity international funds, both mutual and pensions. In 2014 he joined Banca IMI for prop desk, managing Long/Short Equity portfolio. In June 2016 he was in Credit Suisse Asset Management as Equity Portfolio Manager for Institutional Clients portfolios and Italian Equities Manager for mutual funds. He is Adjunct Professor for course “Models and Methods for financial engineering” at University of Pavia, Faculty of Economics, department of Finance and supervisor for several graduate Thesis in Finance, based on Alpha generation, Volatilities strategies and Portfolio selections and construction. He’s graduate at Politecnico di Milano in Electronic Engineering.
19:15 Cocktail @Touring

Important information

  • Registration is subject to approval. Please make your request and wait for a confirmation email. Please check your spambox. 
  • Registrations will close on 19 September, 6 PM CET.
  • A kind remind will be sent the day before the event to all confirmed participants. 
  • CFA Institute and CFA Society Italy Regular and Affiliate Members can self report 1 PL credit accessing their PL tracking tool through their account on the CFA Institute website.