Fourth One-Day Conference on Professional Asset Management

Speakers

Diane Del Guercio

Lundquist College of Business, University of Oregon

Stephen Dimmock

Nanyang Business School, Nanyang Technological University

Joao Pereira

ISCTE Business School, ISCTE - Lisbon University Institute

Lilian Ng

Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee

Jennifer Huang

McCombs School of Business, University of Texas at Austin

Susan Christoffersen

Desautels Faculty of Management, McGill University

Alessandro Gavazza

London School of Economics and Political Science

Roberto Gutierrez

Lundquist College of Business, University of Oregon

Douglas Blackburn

Fordham Graduate School of Business , Fordham University

Marno Verbeek

Professor of Finance

Rotterdam School of Management (RSM), Erasmus University Rotterdam

Abstract

In cooperation with CFA Netherlands, the Finance Group of Rotterdam School of Management, Erasmus University organizes a one-day academic conference on professional asset management. The main objective of the conference is to present and discuss recent advances in academic research on mutual funds, hedge funds, pension funds, and other forms of delegated portfolio management. The conference will host a limited number of paper presentations with designated discussants and ample time for discussion and interaction.

	Preliminary Program
09.00-09.25	Registration
09.25-09.30	Welcome
09.30-10.45	Session 1 Chair: Marno Verbeek
	Keynote: “What do consumers’ fund flows maximize? Evidence from their brokers’ incentives”
	Susan Christoffersen (McGill University), Richard Evans and David Musto
	Discussant: Robin Lumsdaine (Kogod School of Business, American University)
	“Demand Spillovers and Market Outcomes in the Mutual Fund Industry”
	Alessandro Gavazza (NYU Stern)
	Discussant: Erik Kole (Erasmus School of Economics)
10.45-11.15	Tea/Coffee
11.15-12.45	Session 2 Chair: Joop Huij
	“Institutional Herding and Future Stock Returns”
	Roberto C. Gutierrez Jr. (University of Oregon) and Eric K. Kelley
	Discussant: David Blitz (Robeco Quantitative Strategies)
	“Unbundling the Value of Portfolio Management and Distribution in Retail Mutual Funds: Evidence from Subadvisory Contracts”
	Diane Del Guercio (University of Oregon), Jonathan Reuter, and Paula A. Tkac
	Discussant: Laurens Swinkels (Erasmus School of Economics and Robeco Quantitative Strategies)
	“Trading Behavior of Style and Multi-Style Investors”
	Andrey Ukhov, Douglas W. Blackburn (Fordham University), and William N. Goetzmann
	Discussant: Elvira Sojli (Rotterdam School of Management)
12.45-14.00	Lunch
14.00-15.30	Session 3 Chair: TBA
	“Finding Bernie Madoff: Detecting Fraud by Investment Managers”
	Stephen G. Dimmock (Michigan State University), William C. Gerken
	Discussant: Devraj Basu (EDHEC Business School)
	“Do Foreigners Know Better? A Comparison of the Performance of Local and Foreign Mutual Fund Managers”
	Joao Pereira (ISCTE Business School), Miguel Ferreira, and Pedro Matos
	Discussant: Hao Jiang (Rotterdam School of Management)
	“Better Than the Original? On the Relative Success of Copy-Cat Mutual Funds”
	Marno Verbeek (Rotterdam School of Management), Yu Wang
	Discussant: Susan Christoffersen (McGill University)
15.30-16.00	Tea/Coffee
16.00-17.15	Session 4 Chair: TBA
	Keynote: “Do mutual funds trade differently at home and abroad?”
	Lilian Ng (University of Wisconsin), Sandy Lai, Bohui Zhang, and Zhe Zhang
	Discussant: Jonathan Reuter (Boston College)
	“Risk Shifting and Mutual Fund Performance”
	Jennifer Huang (McCombs School of Business), Clemens Sialm, and Hanjiang Zhang
	Discussant: Joop Huij (Rotterdam School of Management)
17.15-17.30	Discussion and concluding comments
17.30-18.15	Drinks

Download complete program

Registration

To register for this conference, please send an e-mail message to Myra Lissenberg, mlissenberg@rsm.nl, with your name and affiliation (as you wish to appear it on the conference badge). The registration fee is € 200 and includes lunch, coffee/tea and copies of the papers. For CFA charter holders and VBA members a reduced fee of € 175 applies. Registration of participants from academic institutions is free. The deadline for registration is Friday 12 March 2010.

The appropriate registration fee should be transferred to RSM Erasmus University, account number ABN/AMRO 42.90.14.155 (IBAN: NL67ABNA0429014155), mentioning “PAM conference 5025001519”. Please contact Myra Lissenberg, mlissenberg@rsm.nl, if you wish to receive an invoice.

This conference is made possible by financial support from Robeco, the European Pension Academy, the Erasmus Research Institute of Management (ERIM) and the Vereniging Trustfonds Erasmus Universiteit Rotterdam.

Contact information:

Myra Lissenberg

Type: Conference
Programme: Finance & Accounting
Date: Fri. 19 Mar. 2010
Time: 09:00 - 17:30
Location: Erasmus University Rotterdam, Woudestein, M3-15

Marno Verbeek

Professor of Finance

Rotterdam School of Management (RSM), Erasmus University Rotterdam

Fourth One-Day Conference on Professional Asset Management

Abstract

Information

Coordinator