LQG 2023/12/19 – 18:30 – The 2023 Annual Debate – Ed Fishwick & David Buckle – at BlackRock – Hybrid

​The LQG will debate the motion:  This house believes that
the CAPM is the most beautiful creation of humankind.

Proposer: David Buckle
Opposer: Ed Fishwick


2023/12/19 – 19th December 2023 – In-Person and On-Line – Hybrid


The LQG is very grateful to BlackRock – for hosting this in-person and on-line hybrid LQG.

The views expressed during the debate are not necessarily the views of the speakers personally nor of BlackRock or other LQG sponsors!

The debate is held under the Chatham House Rule.

David Buckle


David has been in the asset management industry for over 25 years, primarily as a portfolio manager or analyst. He has been made redundant many more times than he would have liked and therefore has worked for many blue-chip asset managers including JP Morgan Asset Management, Putnam Investments, Merrill Lynch Investment Managers, Blackrock, UBS Global Asset Management and Fidelity. He also ran an investment boutique for several years deploying overlay strategies. Throughout his career he has contributed to the investment literature, especially in the area of the theory of active management.
Having become a bit disenchanted with the industry of late, David now has a plurality of roles, including being the CEO and CIO of a tiny real asset investment company, running a handful of multi asset portfolios, and is the chairman of the Institute for Quantitative Investment Research (INQUIRE). He spends much of his time authoring articles and is in the process of writing a couple of books on investment matters.
David’s background is as a Phd. mathematician and that discipline remains his hobby. His most recent article is the interpretation of some cuneiform mathematics scribed on a Babylonian stone from 2000BCE.

Ed Fishwick

Chief Risk Officer
Global Head of Risk and Quantitative Analysis
Member of the Global Executive Committee

Ed Fishwick is the Chief Risk Officer, Global Head of Risk and Quantitative Analysis, and a member of the Global Executive Committee at BlackRock. He is responsible for the investment and enterprise risk of BlackRock. Prior to taking on his current responsibilities in 2022, Mr. Fishwick served as the Global Co-Head of the Risk and Quantitative Analysis Group in London for 15 years. His service with the firm dates back to 2003.

Mr. Fishwick’s previous positions in the industry include Head of Risk Management, and Investment Process Research at AXA Investment Managers, and Head of Research at Franklin Portfolio Managers in Boston.

Ed is the Chairman of the London Quant Group.