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2017 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
European School of Management and Technology

August 21–22 at ESMT Berlin

Following the successes of the previous three conferences, ESMT Berlin and the School of Business and Economics of the Humboldt University are co-hosting the fourth conference on Recent Advances in Mutual Fund and Hedge Fund Research. The goal of the conference is to bring together leading academics interested in asset management in an environment which facilitates networking and in-depth discussions of the latest research on mutual funds and hedge funds. A maximum of nine papers will be selected for the conference. To provide ample time for the discussion of each paper, one hour will be allocated for the presentation and discussion of each paper.

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Program

Program

Recent Advances in Mutual Fund and Hedge Fund Research

Conference Organizers: Tim Adam (Humboldt) and Guillermo Baquero (ESMT)
    

Conference Program

MondayAugust 21, 2017, ESMT
8:45 – 9:00

Welcome address

 

Information Flows

9:00 – 10:00

Financial Conglomerate Affiliated Hedge Funds: Risk Taking Behavior and Liquidity Transformation
Mariassunta Giannetti (Stockholm School of Economics), Francesco Franzoni (USI Lugano and the Swiss Finance Institute)
Discussant: Pedro Matos (U. Virginia)

10:00 – 11:00

Prime (Information) Brokerage
Nitish Kumar (U. Florida), Kevin Mullally (U. Alabama), Sugata Ray (U. Florida), Yuehua Tang (U. Florida)
Discussant: Francesco Franzoni (USI Lugano and the Swiss Finance Institute)

11:00 – 11:30

Coffee break

 

Investors Behavior

11:30 – 12:30

Do Corruption Perceptions Matter for Investors? Evidence from Hedge Funds
George O. Aragon (Arizona State University), Vikram Nanda (University of Texas at Dallas), Haibei Zhao (Lehigh University)
Discussant: Richard Evans (U. Virginia)

12:30 – 14:00

Lunch: ESMT

 

Fund Families

14:00 – 15:00

Competition and Cooperation in Mutual Fund Families
Richard Evans (U. Virginia), Melissa Porras Prado (Nova School of Business and Economics), Rafael Zambrana Galacho (Nova School of Business and Economics)
Discussant: Darwin Choi (CUHK The Chinese University of Hong Kong)

15:00 – 15:30

Coffee break

 

Trading Behavior

15:30 – 16:30

Limits of Arbitrage under the Microscope: Evidence from Detailed Hedge Fund Transaction Data
Bastian von Beschwitz (Federal Reserve), Sandro Lunghi (Inalytics), Daniel Schmidt (HEC)
Discussant: Alberto Manconi (Bocconi)

16:30 – 17:30

Dynamic Liquidity Management by Corporate Bond Mutual Funds
Hao Jiang (Michigan), Dan Li (Federal Reserve), Ashley Wang (Federal Reserve) 
Discussant: Christopher Clifford (Kentucky)

18:30

Dinner: Boat cruise on Spree river and dinner at restaurant Patio

 

Tuesday

 

August 22, 2017, ESMT

 

Hedge Fund Activism

9:00 – 10:00

Portfolio Size and the Incentives for Shareholder Activism
Günter Strobl and Jing Zeng (Frankfurt School of Finance and Management)
Discussant: Nick Gantchev (UNC)

10:00 – 11:00

The Benefits of Friendship in Hedge Fund Activism
Yazhou Ellen Hey and Tao Li  (University of Warwick)  
Discussant: Sergei Sarkissian (McGill)

11:00 – 11:30

Coffee break

 

Managerial Skill / Performance

11:30 – 12:30

Conditional Benchmarks and the Identification of Skill in Active Management
Scott Cederburg (U. Arizona), Michael S. O'Doherty (Missouri), N. E. Savinz (U. Iowa), Ashish Tiwari (U. Iowa)
Discussant: Marno Verbeek (Rotterdam School of Management, Erasmus University)

12:30 – 13:30

Lunch: ESMT

13:30

Adjourn

 

Sponsor:

Logo of risks, an open access journal by MDPI,

and

This is the logo of the DFG - Deutsche Forschungsgemeinschaft.

 

Program committee

Program committee

Vikas Agarwal (Georgia State University), George Aragon (Arizona State University), Darwin Choi (CUHK), Chris Clifford (University of Kentucky), Francesco Franzoni (USI Lugano and Swiss Finance Institute), Nickolay Gantchev (University of North Carolina), Mariassunta Giannetti (Stockholm School of Economics), Javier Gil-Bazo (Universitat Pompeu Fabra), Hao Jiang (Michigan State University), Marcin Kacperczyk (NYU), Linlin Ma (Northeastern University), Alberto Manconi (Tilburg University), Pedro Matos (University of Virginia Darden), Abhiroop Mukherjee (HKUST), Veronika Pool (Indiana University), Stefan Ruenzi (University of Mannheim), Sergei Sarkissian (McGill University), Martin Schmalz (University of Michigan), Clemens Sialm (University of Texas at Austin), Oliver Spalt (Tilburg University), David Stolin (Toulouse Business School), Russ Wermers (University of Maryland).

Venue/directions

Venue/directions

The conference takes place at the ESMT Berlin Campus, in the former GDR “Staatsratsgebäude” at Schlossplatz 1. Built in 1964, the building hosted the headquarters of the East German government, the Staatsrat (GDR’s National Council), until 1989. A noteworthy example of Germany’s modern architectural heritage, the building was used in varying functions after reunification and was the temporary office of the German Chancellor from 1999 to 2001. It has since been renovated and transformed into one of Germany’s most modern educational centers.

Directions

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

Registration

Registration

Registration is now closed!

If you have any questions about the conference please contact: Christiane Barrow (christiane.barrow@esmt.org)

Paper submission

Paper submission

Paper submission is now closed. The authors of selected papers will be informed within three weeks of the submission deadline (March 31, 2017).

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