May, 18 and 19 2022

TOL Expo

Main Sponsor

Banca Akros


Intesa Sanpaolo - Imi

Main Media Partner

Class CNBC

Technological partner

In collaboration with

Elide May Gravina

Senior Manager, Italy Equity & Derivatives Sales – Euronext

Elide-May Gravina è responsabile della relazione con broker online, banche commerciali e Inter-Dealer Broker per i mercati azionari e derivati gestiti da Borsa Italiana. In Borsa Italiana dal 2010, si è occupata anche dello sviluppo dei mercati di derivati su materie prime. Precedentemente ha lavorato per Ifchor Italia come broker di derivati sui noli marittimi (FFA), occupandosi di un portafoglio di clienti internazionali. Ha anche lavorato presso Cisco Systems in Australia, ricoprendo il ruolo di Service Sales Consultant. Si è laureata in Economia Aziendale all'Università di Roma Tre con il massimo dei voti e ha successivamente conseguito un Master in Energy, Trade and Finance presso la CASS Business School di Londra.

All conferences of Elide May Gravina

Wednesday 18 May    11:00 - 12:00    GREEN

Static, dynamic, adaptive, what is the future of Asset Allocation?

The financial world is constantly changing, the instruments are changing and the investment styles are changing, but there is one thing that doesn’t seem to change: the Efficient Market Hypothesis.
A theory that has been able to explain the financial markets in its entirety has not yet been found, but does not mean that we should give up looking for the investment style that guarantees us the best chance of success.
Everyone agrees that asset allocation is the most important piece in the process, but opinions differ as to which is the best way to do it.
Is it better to take a static approach in the old fashioned way or is it better to seek a dynamic approach following trends? Or, even more, is it better to follow an adaptive approach following the new Adaptive Market Theory of Andrew Lo (MIT)?
This is going to be the focus of Giorgio Carlino's speech.
Giorgio will show us the pros and cons of each approach to give us the possibility to understand which one fits better to our situation as investors.
Specifically, we will finally be able to find some answers to the important questions many investors ask themselves, I will be, though, explained in a simple language, within everyone's reach, so that it can be understood by an audience of non-professional investors.

To find out the answers you just have to visit us on Wednesday, May 18 at 11 am in the Green room.


Wednesday 18 May    12:15 - 13:00    AREA SCAVI

The Red and the Black. Reflections on the age of instability

The appointment at TOL Expo 2022 is renewed with one of the well-known and appreciated Italian strategists, Alessandro Fugnoli. Milanese, with a degree in philosophy at the State University, after an experience as Head of Research at Abaxbank, since 2010 he has been part of the Kairos team, one of the few independent companies in the Italian asset management sector. 

Also nicknamed the "philosopher of finance" for his encyclopedic classical culture, Fugnoli is a careful observer of economic dynamics and financial markets that he analyzes weekly in his column "The red and the black".


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