Courtesy of Pelican Hill

Marking the 15th anniversary of Research Affiliates
May 1–3, 2017
The Resort at Pelican Hill
Newport Coast, California


Tuesday, May 2

  • Bonds Are Different: Active vs. Passive Management in 12 Points, Emmanuel Roman
  • Targeting Return Patterns: The Next Innovation in Index Investing, Joanne Hill
  • Attention and Inattention: The Allocation of a Limited Resource, Terrance Odean
  • Too Clever by Half: How the Quant Community Makes Mistakes, Harry Markowitz & Rob Arnott
  • Bond Markets Should Be Different in the Future, Larry Harris

Wednesday, May 3

  • Global Portfolio Diversification for Long-Horizon Investors, Luis Viceira
  • Perspectives on Performance Measurement, Wayne Ferson
  • Alice in Factorland, Rob Arnott

Supplemental Materials

Transaction Costs, Trade Throughs, and Riskless Principal Trading in Corporate Bond Markets by Larry Harris



Tuesday Dinner Information

How to get to the Golf Pavilion (behind the Pelican Grill and Golf Shop):

  • Walk. It’s about a half-mile walk, a relatively steep uphill climb, on the trail from the resort to the Golf Pavilion; please refer to the map in your Advisory Panel folder.
  • Pelican Hill shuttle. You may request a resort shuttle to pick you up at your Bungalow. The shuttle’s ETA is determined by overall resort demand.
  • Dedicated Advisory Panel coach. The 26-passenger coach will pick up guests on Via Capri (across from the Coliseum Pool & Grill) situated in a central location for the Bungalow Suites. Beginning at 5:50 PM, the coach will make continual roundtrips to the Golf Pavilion through 7:00 PM. The coach will begin making roundtrips back to the Via Capri from the Golf Pavilion beginning at 8:30 PM.
  • Valet park at the Pelican Grill/Golf Clubhouse, which is the first right after entering Pelican Hill Road South from Newport Coast Drive.

Rob Arnott, Chairman and CEO, Research Affiliates






Jason Hsu, Chairman and CIO, Rayliant Global Advisors, and Vice Chairman, Research Affiliates

Resort Information
The following charges are being covered by Research Affiliates or are complimentary:

  • Porterage, on a round trip basis, for each person staying in guestroom
  • Daily room attendant gratuities
  • Daily newspaper
  • Guest vehicle valet parking and self-parking in public spaces
  • Internet access in guestroom
  • Turndown service
  • Access to spa and fitness center facilities
  • Guest shuttle throughout resort and to Crystal Cove State Beach
  • By request, guest shuttle to Fashion Island shopping mall
  • Daily resort fee

During the Advisory Panel, for additional information or questions, please text or call Kay Jaitly at 434.806.2359.

We are honored that you are joining us as we continue our annual Advisory Panel tradition of bringing the best research minds and the most influential practitioners together once again. 




Courtesy of Pelican Hill



For questions and more detailed information, please contact us at

Alternatively, you can telephone:
Kay Jaitly, Vice President, at 949-325-8737 or
Jaynee Dudley, Vice President, at 949-325-8740