
	Thursday, May 19
2:30 pm	Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment Assaf Hamdani, The Hebrew University Eugene Kandel, Hebrew University Yevgeny Mugerman, Hebrew University Yishay Yafeh, Hebrew University
3:45 pm	Asset Manager Funds Joseph J. Gerakos, Dartmouth College Juhani T. Linnainmaa, Dartmouth College and NBER Adair Morse, University of California, Berkeley and NBER
4:45 pm	An Equilibrium Model of Institutional Demand and Asset Prices Ralph Koijen, University of Chicago and NBER Motohiro Yogo, Princeton University and NBER
	Friday, May 20
8:30 am	Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism Ian R. Appel, University of Virginia Todd Gormley, Washington University in St. Louis and NBER Donald Keim, University of Pennsylvania
9:45 am	Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds Oleg Chuprinin, UNSW Australia Business School Denis Sosyura, Arizona State University
11:00 am	Volatility Managed Portfolios Alan Moreira, University of Rochester and NBER Tyler Muir, University of California, Los Angeles and NBER
1:15 pm	Risk and Return in Segmented Markets with Expertise Andrea L. Eisfeldt, University of California, Los Angeles and NBER Hanno Lustig, Stanford University and NBER Lei Zhang, The University of Hong Kong
2:30 pm	Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry Nathan Foley-Fisher, Federal Reserve Board Borghan Narajabad, Federal Reserve Board Stephane Verani, Federal Reserve Board
3:45 pm	Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds Sergey Chernenko, Purdue University Adi Sunderam, Harvard University and NBER

Participants

Ian R. Appel, University of Virginia
Malcolm Baker, Harvard University and NBER
Lucian A. Bebchuk, Harvard University and NBER
Ole Christian Bech-Moen, The Norwegian Finance Initiative
Alon Brav, Duke University and NBER
Alexander W. Butler, Rice University
Sergey Chernenko, Purdue University
Douglas W. Diamond, University of Chicago and NBER
Andrea L. Eisfeldt, University of California, Los Angeles and NBER
Nathan Foley-Fisher, Federal Reserve Board
Kenneth R. French, Dartmouth College and NBER
Joseph J. Gerakos, Dartmouth College
Todd A. Gormley, Washington University in St. Louis and NBER
Samuel Hanson, Harvard University and NBER
Espen Henriksen, Norwegian Business School
Victoria Ivashina, Harvard University and NBER
Bryan T. Kelly, Yale University and NBER
Leonid Kogan, Massachusetts Institute of Technology and NBER
Jonathan Lewellen, Dartmouth College and NBER
Lise Lindbäck, The Norwegian Finance Initiative

Juhani T. Linnainmaa, Dartmouth College and NBER
Christopher Malloy, Harvard University
Paul Marcussen, Norges Bank Investment Management
Alan Moreira, University of Rochester and NBER
Adair Morse, University of California, Berkeley and NBER
Yevgeny Mugerman, Hebrew University
Tyler Muir, University of California, Los Angeles and NBER
Borghan Narajabad, Federal Reserve Board
Monika Piazzesi, Stanford University and NBER
James M. Poterba, Massachusetts Institute of Technology
Alexi Savov, New York University and NBER
Clemens Sialm, University of Texas at Austin and NBER
Christopher Smart, Harvard University
Denis Sosyura, Arizona State University
Stéphane Verani, Federal Reserve Board
Luis M. Viceira, Harvard University and NBER
Fredrik Willumsen, Norges Bank Investment Management
Yishay Yafeh, Hebrew University
Motohiro Yogo, Princeton University and NBER
Lei Zhang, The University of Hong Kong