Webcast

Trading Trends, Missing Themes: Rethinking What's Really Long-Term

July 21st, 2026 4:15pm EST | 1:15pm PST 1 CE Credit

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Investors describe today's most popular stories long-term themes, even as the assets are ironically priced and traded on short-term momentum. Meanwhile, true long-term opportunities continue to fly under the radar and remain starved for capital.

Join Richard Bernstein, Global Head of Macro & Customized Investing, and Michael Contopoulos, Head of Multi-Asset Macro Investing, for a candid conversation about how investors are confusing the short-term for the long-term, and vice versa. Drawing on their framework of profit cycles, liquidity, and sentiment, Rich and Mike will explore where consensus may be mispriced, which long-term themes are being overlooked, and how advisors can position portfolios for a market environment that looks very different from the one many investors are still preparing for.

Key discussion points:

  • Why today's most popular "long-term" themes are being traded on short-term momentum
  • The true long-term themes being overlooked, from dividends and non-US equities to industrial infrastructure and the grid
  • Why a more persistent inflation backdrop is reshaping what long-term investing really looks like
  • Practical portfolio positioning for the long-term themes markets are missing
  • How RBA is positioning portfolios to emphasize diversification and reduce reliance on crowded trades

 

This program is pending approval for one hour of continuing education (CE) credit by The Investment and Wealth Institute for CIMA®, CPWA®, RMA®, and CIMC designations and is approved for one hour of CE credit by the Certified Financial Planner Board of Standards for the CFP® designation.

 

Speakers

Richard Bernstein

Global Head of Macro Investing & Custom Strategies, Janus Henderson Investors

Richard Bernstein is the Global Head of Macro Investing & Custom Strategies at Janus Henderson Investors. He joined the firm in 2026 following Janus Henderson’s acquisition of Richard Bernstein Advisors LLC (RBA). In this role, Richard leads a global team dedicated to investment models, ETF construction, and customized macro solutions.

He founded RBA in 2009 and was the Chief Executive Officer and Chief Investment Officer. As CIO, Richard oversaw the firm’s investment committee, managing multi-asset, global equity, and fixed income ETF strategies for financial advisors and institutions. He helps write RBA’s monthly Insights which has over 25,000 subscribers, is a frequent guest on CNBC and Bloomberg TV, and is regularly quoted in leading publications like Barron’s, Financial Times, and The Wall Street Journal.

Before founding RBA, Richard was with Merrill Lynch & Co from 1988, most recently as the chief investment strategist. Prior to this, he held positions at E.F. Hutton and Chase Econometrics/IDC. Richard is a trustee of Hamilton college and currently sits on the Hamiton College Endowment’s Investment Committee. He was formerly a chair of the Alfred P. Sloan Foundation Endowment’s Investment Committee. He was also a past member of the Journal of Portfolio Management’s Advisory Committee and former adjunct faculty of the NYU/Stern Graduate School of Business.

Richard received a BA in economics from Hamilton College and an MBA in finance, graduating Beta Gamma Sigma, from New York University. He has 45 years of industry experience.

Michael Contopoulos

Head of Multi-Asset Macro Investing, Janus Henderson Investors

Michael Contopoulos is Head of Multi-Asset Macro Investing at Janus Henderson Investors. He joined the firm in 2026 following Janus Henderson’s acquisition of Richard Bernstein Advisors LLC (RBA), where he served as deputy chief investment officer. In this role, Michael leads the team's macro-driven multi-asset investment process, overseeing portfolio positioning and implementation while working with the Investment Committee on asset allocation decisions. Prior to joining RBA in 2020, Michael was chief investment strategist at Anchorage Capital from 2017. Earlier in his career, he held senior strategy and leadership roles at Bank of America Merrill Lynch from 2004, most recently as head of high yield and leveraged loan strategy from 2012. He was a credit portfolio strategist with Credit Suisse First Boston from 2002 and began his career at Tudor Investment Corporation as a research analyst in 1999.

Michael received a BA degree in economics and political science from Columbia University and an MBA from New York University, Stern School of Business. He has 27 years of industry experience.

Terry Ober

Managing Director, SMA Model Specialists, Janus Henderson Investors

Terry Ober is Managing Director, SMA Model Specialists at Janus Henderson Investors. He joined the firm in 2026 following Janus Henderson’s acquisition of Richard Bernstein Advisors LLC (RBA). In his role at RBA, Terry led the national sales effort and was responsible for key accounts. Earlier in his career, he was a regional vice president for ING U.S. Investment Management in 2012. Prior to that, he spent 14 years at Cohen & Steers Capital Management, most recently as senior vice president, portfolio specialist.

Terry has a BSc degree in business management from Babson College. He has 34 years of financial industry experience.

Richard Bernstein Advisors LLC is an investment adviser and a wholly-owned subsidiary of Janus Henderson US (Holdings) Inc. Janus Henderson® and any other trademarks used herein are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group Ltd. All rights reserved.

Disclaimer: The views expressed during this webinar, which may include forward looking statements, are those of the portfolio manager and are as of today's date only. These views are subject to change at any time based upon market or other conditions, and the investment adviser disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions are based on many factors, may not be relied on as an indication of trading intent on behalf of any Richard Bernstein Advisors strategy. Any examples discussed should not be considered an indication of the experience of clients. It should not be presumed that any strategies discussed will be profitable or will equal the experience of the example. The views and strategies described may not be suitable for all investors.

 

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Investment Professional Use Only. Not To Be Used With the Public.