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
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
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
Email

Information

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

Coordinator

Marno Verbeek
Marno Verbeek
Professor of Finance
Rotterdam School of Management (RSM), Erasmus University Rotterdam