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2019 Asset Management Conference

August 19–20 at ESMT Berlin

Following the successes of the previous four conferences, ESMT Berlin and the School of Business and Economics of the Humboldt University are co-hosting the fifth 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.

Event overview

  • Program

    "Preliminary" Conference Program

    Monday, August 19, 2019, ESMT

    8:45 – 9:00

    Welcome address

     

    Investor Behavior & Disclosure

    9:00 – 10:00

    Out of Sight No More? The Effect of Fee Disclosures on Investment Allocations

    Mathias Kronlund (University of Illinois), Veronika Pool (Indiana University) and Clemens Sialm (UT Austin), Irina Stefanescu (Board of Governors)

    Discussant: Francesco Franzoni (USI Lugano)

    10:00 – 11:00

    Do Retail Investors Respond to Firm-Initiated Summary Disclosures? Evidence from Mutual Fund Factsheets

    Alper Darendeli (Nanyang Technological University)

     

    Discussant: Darwin Choi (Chinese University of Hong Kong)

    11:00 – 11:30
    Coffee break
     

    Fund Management

    11:30 – 12:30

    Peer Versus Pure Benchmarks in the Compensation of Mutual Fund Managers

    Richard Evans (Darden),  Juan-Pedro Gómez (IE Business School), Linlin Ma (Peking University), and Yuehua Tang (University of Florida)

     

    Discussant: Sergei Sarkissian (McGill University)

    12:30 – 14:00
    Lunch: ESMT
    14:00 – 15:00

    Managerial Structure and Performance-Induced Trading

    Anastassia Fedyk (UC Berkeley), Saurin Patel (Western University) and Sergei Sarkissian (McGill University)
     

    Discussant: Alberto Manconi (Bocconi University)

    15:00 – 15:30
    Coffee break
     

    Coping with Market Stress

    15:30 – 16:30

    Liquidity Support in Financial Institutions

    Falko Fecht (Frankfurt School of Finance & Management), Egemen Genc (Rotterdam School of Management), Yigitcan Karabulut (Frankfurt School of Finance & Management)

     

    Discussant: Stanislav Sokolinski (Rutgers)

    16:30 – 17:30

    Alternative Pricing Rules to Prevent Runs on Funds

    Jin Dunhong (U of Oxford), Marcin Kacperczyk (Imperial College), Bige Kahraman (U of Oxford), and Felix Suntheim (Financial Conduct Authority)

    Discussant: Chris Clifford (University of Kentucky)

    18:30
    Dinner: Restaurant Käfer (Deutscher Bundestag)

     

    Tuesday, August 20, 2019, ESMT

     

    Fund Performance

    9:00 – 10:00

    Institutional Brokerage Networks: Facilitating Liquidity Provision

    Munhee Han (UT Dallas), Sanghyun Kim (UT Dallas), Vikram Nanda (UT Dallas)

    Discussant: Abhiroop Mukherjee (HKUST)

    10:00 – 11:00

    Cross-Asset Information Synergy in Mutual Fund Families

    Jun Kyung Auh (Georgetown University), Jennie Bai (Georgetown University)
     

    Discussant: Marno Verbeek (Erasmus University)

    11:00 – 11:30
    Coffee break
    11:30 – 12:30

    Unobserved Actions of Hedge Funds

    Vikas Agarwal (Georgia State University), Stefan Ruenzi (University of Mannheim), and Florian Weigert (University of St. Gallen)

     

    Discussant: Chris Schwarz (UC Irvine)

    12:30 – 13:30
    Lunch: ESMT
    13:30
    Adjourn

     

  • Program committee

    Vikas Agarwal (Georgia State University), George Aragon (Arizona State University), Chris Clifford (University of Kentucky), Nickolay Gantchev (University of North Carolina), Simon Gervais (Duke University), Mila Getmansky Sherman (UMass Amherst), Mariassunta Giannetti (Stockholm School of Economics), Hao Jiang (Michigan State University), Bige Kahraman (Oxford University), Veronika Krepely Pool (Indiana University), Pedro Matos (University of Virginia Darden), Abhiroop Mukherjee (HKUST), Melissa Prado (Nova School of Business and Economics), Stefan Ruenzi (University of Mannheim), Sergei Sarkissian (McGill University), Clemens Sialm (University of Texas at Austin), Oliver Spalt (Tilburg University), Ashish Tiwari (University of Iowa), Marno Verbeek (Erasmus University), Ashley Wang (Federal Reserve Bank).

  • Hotel

    We have arranged a special rate at two hotels near our campus. Please contact the hotels directly using the code  below.

     

    COSMO Hotel Berlin Mitte

    Spittelmarkt 13, 10117 Berlin
    Phone: +49 30 5858 222 634 / Fax: +49 30 5858 2229
    Email: reservation@cosmo-hotel.de

    www.cosmo-hotel.de

    • Rate: €110 incl. breakfast for a comfort single room
    • Booking code: AMC 2019
    • Booking of pre-reserved rooms is possible until July 07, 2019

    Map from ESMT to hotel

     

    ARCOTEL John F BERLIN

    Werderscher Markt 11, 10117 Berlin
    Phone: +49 30 40 50 46 0 / Fax: +49 30 40 50 46 100
    Email: johnf@arcotelhotels.com

    https://www.arcotelhotels.com

    • Rate: €115 incl. breakfast for a comfort single room
    • Rate: €135 incl. breakfast for double occupancy
    • Booking code: AMC 2019
    • Booking of pre-reserved rooms is possible until July 11, 2019

    Map from ESMT to hotel

  • Registration

    Registration is not yet open. 

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

  • 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.

Important dates

  • Paper submission deadline: Mar. 25
  • Conference: Aug. 19–20

Past events

  • 2017 Conference
  • 2015 Conference
  • 2014 Conference