The Weinberg Center hosted a webinar featuring Jon Lukomnik and James Hawley focusing on their newly published book, “Moving Beyond Modern Portfolio Theory: Investing That Matters”.  The book tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. The authors believe that it’s time for MPT to evolve.

The authors are:

·       Jon Lukomnik, Managing Partner, Sinclair Capital LLC

·       James Hawley, Senior ESG Advisor, Factset/Truvalue Labs; and Professor Emeritus School of Economics and Business, Saint Mary College of California

Because systemic risk and systems-level investing are increasingly becoming more important, this program is valuable to all investors.  It is also helpful to corporate directors and executives in understanding this evolving and important area.  Finally, anyone with an interest in cutting-edge and thought-provoking investing, governance and ESG issues will benefit from this program.