The Czech Investment Conference program spans two days, from November 13 to 14, 2023. The main part of the conference will take place on Monday, featuring a lineup of distinguished speakers who will present their unique stock investment ideas to you in an offline setting. Rest assured, all presentations will be translated into English.
You can expect to receive valuable insights on where and how to identify suitable investments, observing firsthand how skilled managers conduct their investment searches, evaluate opportunities, and employ persuasive arguments to achieve their goals. The program will culminate with a lively cocktail party, offering a chance for informal networking opportunities.
The second day of the conference will focus on practical webinars, conducted online (only in Czech language).
Program: 13 November 2023 CONFERENCE
9:00 - 9:50
Registration
10:00 - 10:10
Opening Remarks
Part I
10:10 - 10:40
Juan Huerta de Soto, Investment Team Member, Cobas Asset Management, Cobas Asset Management
Having taken a double degree in Law and Business Administration at the Universidad Complutense, he was awarded a master's degree in Austrian Economics by the Universidad Rey Juan Carlos. Juan started his career as an analyst at Bestinver, which he later continued at azValor. He has been part of Cobas AM investment team for the last 6 years. Additionally, Juan is an adjunct professor at Instituto de Empresa (IE) University in Madrid. Juan enjoys swimming, running and golf. He is a film buff, and a voracious reader of all kinds of books.
9:40 - 10:10
Michal Semotan, Portfolio Manager, J&T Bank
Michal has been active in the capital markets since 1997 when he started working at Investkonzult. He joined the J&T group in 1998 and began his career at J&T Securities as a Junior Trader. Over time, he progressed to become a broker and a member of the company's board. In 2004, J&T Securities merged with J&T Banka, where he assumed the role of Head Broker and Head of Trading on behalf of external clients, primarily specializing in stocks. Since 2012, he has been a portfolio manager of the JT Opportunity CZK Fund, an equity fund focused on investments in companies within the Central European region, supplemented by compelling valuation-based investments from around the world.
11:10 - 11:40
Daniel Gladis, 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).
11:40 - 12:10
Tobias & Jakob Schober, founders, TIP - The Investment Partners GmbH
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.
12:10 - 13:20
Lunch break
PART II
13:20 - 13:50
Txomin Zaratiegui Oses, spoluzakladatel, Arlas Advisors Sarl
Txomin is the founder and portfolio manager of Arlas Capital, a value-oriented hedge fund domiciled in The Netherlands. Arlas manages a concentrated portfolio of equity investments in quality companies. Before founding Arlas, Txomin worked as Investment Director at Gala Capital, a Spanish private equity leader. He worked on more than fifty acquisitions and deals sourced across diverse industries. Responsibilities included board memberships and interim management in portfolio companies. Txomin has extensive experience in due diligence management, competitive analysis and international business. Txomin holds a joint MBA from Columbia Business School and London Business School as well as a Bachelor in Economics from Pompeu Fabra University.
13:50 - 14:20
Stepan Hajek, Equity Analyst, XTB
Holds an international master's degree in Economics of Globalization and European Integration with a focus on macroeconomics. Joined Patria in 2016 as an equity analyst in the Research department. Covers primarily the American and Western European blue-chip stocks specializing particularly in the technology sector, oil miners and banking.
14:20 - 14:50
Lukas Kotrba, Portfolio Manager, RSJ Securities a.s.
In 2013, Lukas joined RSJ Private Equity as a junior analyst. A year later, he moved to RSJ Securities a.s., where he currently serves as a portfolio manager. In addition to developing quantitative models for financial analysis, he manages an equity fund focused on emerging markets. In the past, he was responsible for individual stock portfolios and an algorithmic derivatives fund. Prior to joining the RSJ group, Lukas actively engaged as an individual investor in the financial markets, with a focus on the US and European markets.
In his investment approach, Lukas combines elements of value and growth investing, as he believes it creates an optimal mix of market opportunities. He tends to maintain a long-term horizon for the majority of his portfolio and prefers to stay away from popular stocks. Fearlessly, he enters positions that go against the general market trend or consensus.
He graduated from the University of Economics in Prague and holds the CFA designation.
14:50 - 15:20
DR. Petra Hoefer, CFA ESG, head of investments, IFP Investment Management SA
Petra is a passionate fundamental investor, with over 20 years of track record as fund manager of global growth funds. She started her international career as a scientist with a PhD in biochemistry from the University of Vienna in 1997, and thereafter worked internationally in various functions at the German chemical company BASF and the US consumer giant Procter & Gamble. Intrigued by her personal investments in the stock market, she switched gears and managed sectoral, thematic, and regional funds for Deka Investment (Frankfurt) and Lombard Odier (Geneva) since early 2000. Since over 10 years Petra is leading the mutual fund unit of the sustainable investment boutique IFP Investment Management SA (Luxembourg), focussing on the conception and management of award-winning thematic funds classified as SFDR Art 9.
📘: Interview with Petra about her investment strategy and stocks in portfolio
15:20 - 15:50
Zdeněk Zanka, Investor
Zdeněk is an investor, entrepreneur, and father of two children. His primary instrument of choice is stocks, which account for 80% of his investments. Additionally, he dabbles in commodities, options, algorithmic trading, and art.
He is the founder of the trhy.cz portal and co-owner of the software company StrategyQuant.com. Zdenek finds inspiration for his investments and business ventures in books, the stories of other investors and entrepreneurs, and actively seeks unique and unconventional solutions.
15:50 - 16:20
Jan Hajek, CFA, Portfolio Manager, Erste Asset Management
Jan 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 - 16:50
Pavel Begun, Co-founder, 3G Capital
Pavel has over twenty two years of experience in valuation-based investing. Prior to co-founding 3G Capital he worked as a research analyst for Fiduciary Asset Management and also for A.G.Edwards & Sons where he was responsible for equity research across multiple sectors. From 2010 through 2017 Mr. Begun sat on the Board of Directors of AlarmForce Industries, a leading Canadian residential alarm monitoring company, whose shares are traded on the Toronto Stock Exchange. From 2012 through 2017 Mr. Begun was a Non-Executive Director at Grafenia PLC, a UK-based provider of software and systems for the graphic arts industry, whose shares are traded on the London Stock Exchange. Mr. Begun graduated with Honors from the University of Chicago with an M.B.A. in Accounting and Finance and he also graduated valedictorian from Western Kentucky University with a B.S. in Finance. He is a Chartered Financial Analyst and a member of the Toronto Society of Financial Analysts. Mr. Begun has been a guest speaker at a number of universities and also at various investing conferences giving lectures on the topic of investments since 2001. He was named the recipient of CFA Magazine's annual Most Driven honor in 2007.
📘: Investment strategy of 3G Capital