Recent Advances in Mutual Fund Research
School of Business and Economics, Humboldt University
On August 26-27, 2013, the Institute of Corporate Finance (HU) and Strategic Management and Finance (Ulm) hosted a two-day conference at Humboldt University on recent advances in mutual fund research. In total 10 papers were presented followed by lively discussions. The conference attracted an international audience of over 40 participants mainly from North America, but also from 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", and the Society for Economics and Management at the Humboldt University Berlin (WWG).
Conference Program
Monday, August 26, 2013
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8:15 – 8:30 |
Welcome address |
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Fund Performance |
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8:30 – 9:30 |
Youchang Wu (Wisconsin), Russ Wermers (Maryland), Discussant: Scott Yonker (Indiana) |
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9:30 – 10:30 |
Labor Market Conditions and Productivity: Evidence from Mutual Fund Managers Clemens Sialm (Texas), Mandy Tham (NTU) Discussant: Pedro Matos (Virginia) |
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10:30 – 11:00 |
Coffee break |
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11:00 – 12:00 |
Learning by Doing: The Value of Experience and the Origins of Skill for Mutual Fund Managers Discussant: Rüdiger Fahlenbrach |
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12:00 – 13:30 |
Lunch: Cum Laude |
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Performance – Flow Relationship |
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13:30 – 14:30 |
Performance-Chasing Behavior and Mutual Funds: New Evidence from Multi-Fund Managers Discussant: Youchang Wu (Wisconsin) |
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14:30 – 15:30 |
Co-Insurance in Mutual Fund Families Discussant: Guillermo Baquero (ESMT) |
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15:30 – 16:00 |
Coffee break |
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Institutional Factors |
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16:00 – 17:00 |
It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans Veronika Pool (Indiana), Clemens Sialm (Texas), Discussant: Javier Gil-Bazo (Pompeu Fabra) |
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17:00 – 18:00 |
Peter Debaere (Virginia), Richard Evans (Virginia) Discussant: Marcin Kacperczyk (NYU) |
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19:30 |
Dinner: Restaurant Käfer (Deutscher Bundestag) |
Tuesday, August 27, 2013
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Effects of Mutual Funds Behavior |
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9:00 – 10:00 |
Deception and Managerial Structure: A Joint Study of Portfolio Pumping and Window Dressing Practices Discussant: Abhiroop Mukherjee (HKUST) |
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10:00 – 10:30 |
Coffee break |
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10:30 – 11:30 |
Commonality in Liquidity: A Demand-Side Explanation Discussant: Joseph Chen (UC Davis) |
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11:30 – 12:30 |
Fire-Sales and Information Advantage: When Bank-Affiliation Helps Massimo Massa (INSEAD), Lei Zhang (NTU) Discussant: Andre Guettler (Ulm) |
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12:30 – 14:00 |
Lunch: Cum Laude |
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14:00 |
Adjourn |
Conference organizers:
Tim Adam (HU)
André Güttler (Ulm University)
The conference is sponsored by:
Rudolf v. Bennigsen-Foerder Stiftung für Wissenschaft und Bildung
