TIIP 2026 Symposium: Reframing Financial Markets Through a Systems Lens featuring Genevieve Hayman

Researcher’s View: Reframing Financial Markets Through a Systems Lens Genevieve Hayman, Senior Researcher @ CFA Institute Research and Policy Center To deepen the analytical foundations introduced earlier in the day, Genevieve Hayman of the CFA Institute Research and Policy Center presents findings from her 2025 report (co-authored with Raymond Pang), Reframing Financial Markets as Complex Systems. The session explores why viewing markets as dynamic, interconnected systems—rather than static, equilibrium-driven constructs—can materially improve how investors understand risk and design portfolios. Hayman introduces tools from complex systems science, including agent-based modeling and network theory, and explains how these concepts can enhance systemic risk analysis, illuminate feedback loops, and support more resilient portfolio construction.