Recent Advances in Mutual Fund and Hedge Fund Research
School of Business and Economics, Humboldt University
August 25-26, 2014
Humboldt University, in cooperation with the European School of Management and Technology (ESMT), hosted its second conference on recent advances in mutual fund and hedge fund research on August 25-26, 2014. The goal of the conference was 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. In total, more than 30 participants attended the conference, coming from North America, Asia, and Europe. The conference was sponsored by the collaborative research centers SFB-TR15 "Governance and the Efficiency of Economic Systems" and SFB649 "Economic Risk".
Conference Program
Monday, August 25, 2014, ESMT
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8:15 – 8:30 |
Welcome address |
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Fund Behavior |
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8:30 – 9:30 |
Hedge Fund Activists: Do They Take Cues From Institutional Exit? Nickolay Gantchev (UNC), Chotibhak Jotikasthira (UNC) Discussant: Eliezer Fich (Drexel)
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9:30 – 10:30 |
Who Trades Against Mispricing? Mariassunta Giannetti (Stockholm), Bige Kahraman (Stockholm) Discussant: Francesco Franzoni (Swiss Finance Institute)
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10:30 – 11:00 |
Coffee break |
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11:00 – 12:00 |
Do Mutual Funds Have a Say on Pay? Miriam Schwartz-Ziv (Michigan State), Russ Wermers (Maryland) Discussant: Tim Adam (Humboldt) |
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12:00 – 13:30 |
Lunch: ESMT |
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Fund Data |
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13:30 – 14:30 |
To Group or Not to Group? Evidence from CRSP, Morningstar Principia, and Morningstar Direct Mutual Fund Databases Discussant: Alberto Manconi (Tilburg) |
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14:30 – 15:00 |
Coffee break |
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Fund Performance |
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15:00 – 16:00 |
A Market-Based Funding Liquidity Measure Zhuo Chen (Northwestern), Andrea Lu (Northwestern) Discussant: Xi Dong (INSEAD)
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16:00 – 17:00 |
Asset Management in Commercial Banks: Informational Edge or Conflicts of Interest? Miguel A. Ferreira (Nova), Pedro Matos (Darden), Pedro Pires (Nova) Discussant: Bige Kahraman (Stockholm)
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19:30 |
Dinner: Restaurant Käfer (Deutscher Bundestag) |
Tuesday, August 26, 2014, ESMT
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Fund Boards |
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9:00 – 10:00 |
Director Connections in the Mutual Fund Industry Paul Calluzzo (Rutgers) Discussant: David Stolin (Toulouse Business School) |
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9:30 – 10:30 |
Hedge Fund Boards Discussant: Christopher Schwartz (UC Irvine) |
| 10:30 – 11:00 | Coffee break |
| Fund Flows | |
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11:00 – 12:00 |
Mutual Fund Shareholder Letter Tone - Do Investors Listen? Alexander Hillert (Mannheim), Alexandra Niessen-Ruenzi (Mannheim), Stefan Ruenzi (Mannheim) Discussant: Darwin Choi (HKUST) |
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12:00 – 13:30 |
Lunch: ESMT |
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13:30 |
Adjourn |
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Rudolf v. Bennigsen-Foerder Stiftung für Wissenschaft und Bildung |