Ren Y. Cheng
Fidelity Investments
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Ren Cheng is senior research advisor for Fidelity Management & Research Company (FMRCo), Mr. Cheng assumed his current position in the Asset Allocation Division of FMRCo in October 2009 and is responsible for working with investment teams across the company on asset allocation and research. He reports directly to president of the Asset Allocation Division, Boyce Greer.
Mr. Cheng joined Fidelity in 1994. He invented and developed the concept of Target Date Funds from 1994 to 1996. He served as the first manager of the Fidelity Freedom funds from October 1996 until September 2007. He also started and managed the first national level 529 College Investment Funds, The Fidelity UNIQUE 529 portfolios in 1998. Mr. Cheng acted as managing director of the Global Asset Allocation group from September 2005 until assuming the role of chief investment officer of the Global Asset Allocation Group in September 2007. He took a leave of absence from Fidelity in 2008 and returned in October 2009 under his current title.
Prior to joining Fidelity, Mr. Cheng spent nine years at Putnam Investments, from 1985 to 1994, leaving the company as a senior vice president and senior portfolio manager. He was responsible for managing risk-controlled asset allocation portfolios for U.S. and international institutional clients.
Born in 1957, Mr. Cheng earned a bachelor of arts degree in economics from National Taiwan University in 1979 and a master's degree in economics from Brown University in 1983.

Abstract

Current economic and finance theory, based on linear models and mathematics derived from classical physics failed to predict, or explain, the dynamics of financial markets. This talk will address the complexity of global financial markets and describe some of the dynamics that result in "once-in-a-life-time" events, that characterized the world economy in the past twenty years.

Alessandro Vespignani . Geoffrey West . Kathleen C. Engel . Ren Y. Cheng . Eric Bonabeau . David Lazer . Adam Price . Hamid Benbrahim . Cesar A. Hidalgo . Marta Gonzalez . Sokol Celo . Michail Bletsas . Greta Meszoely . Stoyan Tanev . Charles Worrell . Kun Zhao . Dany Bahar . Brian Peltonen .