This the header photo for the AMC website and depicts the main buildings of the Humbold-Universität zu Berlin und ESMT.es.

2015 Asset Management Conference

Jointly hosted by

This is a photo of the logo/seal from the Humboldt-Universität zu Berlin.
School of Business and Economics,
Humboldt University, Berlin
This is the logo of ESMT European School of Management and Technology.
ESMT European School of
Management and Technology

August 17–18 at ESMT, Auditorium 2

The conference will focus on recent advances in mutual fund and hedge fund research. The goal of this conference is to bring together leading academics interested in asset management in a network environment, so as to provide a forum of discussion on a wide range of theoretical and empirical issues as well as policy implications relating to mutual funds and hedge funds.

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Program

Program

Download: Final Program

 

Recent Advances in Mutual Fund and Hedge Fund Research

Monday, August 17, 2015
Location: ESMT, Auditorium 2

8:45–9:00Registration and Welcome

 


Fund flows/Flow-performance relationship

9:00–10:00

Performance Measurement with Uncertain Risk Loadings
Francesco Franzoni (Lugano), Martin Schmalz (Michigan)
Discussant: Javier Gil-Bazo (Pompeu Fabra)

10:00–11:00

Who are the Smartest Investors in the Room? Evidence from U.S. Hedge Funds Solicitation
Philippe Jorion (UC Irvine), Christopher Schwarz (UC Irvine)
Discussant: Stefan Ruenzi (Mannheim)


11:00–11:30

Coffee Break
 


 

 

Fund tournaments/Risk-taking

11:30–12:30

Strategic Mutual Fund Tournaments
Joseph Chen (UC Davis), Eric Hughson (Claremont), Neal Stoughton (WU Wien)
Discussant: Francesco Franzoni (Lugano)


12:30–14:00

Lunch at ESMT
(Optional tour of the campus)
 

14:00–15:00

Do Shocks to Personal Wealth Affect Risk Taking in Delegated Portfolios?
Veronika Pool (Indiana), Noah Stoffman (Indiana), Scott Yonker (Indiana), Hanjiang Zhang (NTU)
Discussant: Oliver Spalt (Tilburg)


15:00–15:30

Coffee Break
 

 

 

Macroeconomic implications of mutual funds

15:30–16:30

Mutual Funding
Javier Gil-Bazo (Pompeu Fabra), Peter Hoffmann (ECB), Sergio Mayordomo (U Navarra)
Discussant: Pedro Matos (UVA)

16:30–17:30

Are Investors for Sale? Evidence from Financial Mergers
Mancy Luo (Tilburg), Alberto Manconi (Tilburg), David Schumacher (McGill)
Discussant: Richard Evans (UVA)


19:00


Dinner: Restaurant Berliner Fernsehturm
(by invitation only)


Tuesday, August 18, 2015, ESMT
Location: ESMT, Auditorium 2

 

Fund performance

9:00–10:00

Tail risk in hedge funds: A unique view from portfolio holdings
Vikas Agarwal (Georgia State), Stefan Ruenzi (Mannheim), Florian Weigert (St. Gallen)
Discussant: Alberto Plazzi (Lugano)

10:00–11:00

Mutual Fund Investment Horizon and Performance
Chunhua Lan (New South Wales), Fabio Moneta (Queen's), Russ Wermers (Maryland)
Discussant: Noah Stoffman (Indiana)


11:00–11:30

Coffee Break
 

11:30–12:30

What Causes Performance Persistence in Hedge Fund Activism?
Nicole Boyson (Northeastern), Linlin Ma (Northeastern), Robert Mooradian  (Northeastern)
Discussant: Lu Zheng (UC Irvine)


12:30–13:30

Lunch at ESMT
 

13:30


Adjourn

 

 

Venue/directions

Venue/directions

The conference will take place at ESMT, which was the former “Staatsratsgebäude” at Schlossplatz 1. Built in 1964, the building hosted the Staatsrat (National Council) of the GDR until 1989. After reunification, the building was used in many ways, including as the temporary office of the German Chancellor.

Since the fall of the Berlin Wall in 1989, Berlin has become one of Europe’s most vibrant cities. Some of Berlin’s famous landmarks are: Checkpoint Charlie, the symbolic crossover point between East and West Berlin during the Cold War or the Reichstag, the impressive parliament building that offers panoramic views of the city from its glass dome. Berlin’s cultural scene is thriving and it has something for everyone: bohemian cafes stand next to the finest restaurants, student drinking holes are nestled alongside sophisticated cocktail bars and underground clubs can be found close to the city’s grand opera house.

Directions

Please see the How to get there page for further information.

Call for papers

Call for papers

Conference on: Recent Advances in Mutual Fund and Hedge Fund Research

ESMT and the School of Business and Economics at Humboldt University are hosting a conference on recent advances in mutual fund and hedge fund research to be held in Berlin on August 17–18, 2015. The goal of the conference is to bring together leading academics interested in asset management in a network environment, so as to provide a forum of discussion on a wide range of theoretical and empirical issues as well as policy implications relating to mutual funds and hedge funds.

Paper submission

Authors are welcome to submit empirical or theoretical papers on any aspect related to mutual funds or hedge funds. Only papers which have not been published or accepted for publication will be considered. To provide ample time for the discussion of each paper, one hour will be allocated for the presentation and discussion of each paper. A maximum of eight papers will be selected for the conference. Presenting authors and discussants will receive hotel accommodation in Berlin for up to three nights.

If you would like to present your research, please send an electronic copy of your paper (pdf only) to Petra Bulwahn at bulwahn@hu-berlin.de by April 13, 2015. The authors of selected papers will be informed within three weeks of the submission deadline.

Participation

We invite all interested academics and practitioners to attend the conference. If you have questions and if you would like to discuss one of the presented papers at the conference please contact Guillermo Baquero (baquero@esmt.org) or Tim Adam (tim.adam@hu-berlin.de). More information can be found at https://www.esmt.org/hu-esmt-amc2015.

Program committee