New Developments in Long-Term Asset Management
Organized by Luis M. Viceira and Annette Vissing-Jorgensen
Supported by Norges Bank Investment Management
April 14-15, 2023
Gleacher Center, Room 600, 450 North Cityfront Plaza Drive, Chicago, IL, Zoom
Friday, April 14
6:00 pm
Keynote Speaker: Laura Veldkamp, Cooperman Professor of Finance and Economics, Columbia University, Graduate School of Business
Saturday, April 15
8:30 am
Continental Breakfast
9:00 am

Robust Portfolio Choice

Valentina Raponi, IESE
Raman Uppal, EDHEC Business School
Paolo Zaffaroni, Imperial College London

Discussant:
Kent D. Daniel, Columbia University and NBER
9:50 am

Intermediary Balance Sheets and the Treasury Yield Curve

Wenxin Du, Harvard University and NBER
Benjamin M. Hébert, Stanford University and NBER
Wenhao Li, University of Southern California and NBER

Discussant:
Alan Moreira, New York University and NBER
10:40 am
Break
11:10 am

Nonbank Fragility in Credit Markets: Evidence from a Two-Layer Asset Demand System

Kerry Y. Siani, Massachusetts Institute of Technology
Kairong Xiao, Columbia University and NBER
Olivier Darmouni, HEC Paris

Discussant:
Motohiro Yogo, Princeton University and NBER
12:00 n
Lunch
1:00 pm

Correlated Demand Shocks and Asset Pricing

Byungwook Kim, University of California, Irvine
1:25 pm

Investor Betas

Lorenzo Bretscher, University of Lausanne
Ryan Lewis, University of Colorado Boulder
Shrihari Santosh, University of Maryland, College Park
1:50 pm
Break
2:20 pm

Credit Market Equivalents and the Valuation of Private Firms

Niklas Huether, Indiana University
Lukas Schmid, University of Southern California
Roberto Steri, University of Luxembourg

Discussant:
Arthur Korteweg, University of Southern California
3:10 pm

Work From Home and the Office Real Estate Apocalypse

Arpit Gupta, New York University
Vrinda Mittal, University of North Carolina at Chapel Hill
Stijn Van Nieuwerburgh, Columbia University and NBER

Discussant:
Jose Maria Barrero, Instituto Tecnológico Autónomo de México (ITAM)
4:00 pm
Adjourn