
	Tuesday, June 11
8:30am	Morning Reception and Coffee
9:00am	Welcome Svend E. Hougaard Jensen, Copenhagen Business School and PeRCent
9:09am	Session I: Investing Pension Assets Chair: Joshua Rauh, Stanford University and NBER
9:10am	Private Equity for Pension Plans? Evaluating Private Equity Performance from an Investor’s Perspective Arthur Korteweg, University of Southern California Stavros Panageas, University of California, Los Angeles and NBER Anand Systla, University of California, Los Angeles Discussant: Tim Jenkinson, University of Oxford
10:00am	Pension Liquidity Risk Kristy A.E. Jansen, University of Southern California Sven Klingler, BI Norwegian Business School Angelo Ranaldo, University of Basel Patty Duijm, De Nederlandsche Bank Discussant: Lasse H. Pedersen, Copenhagen Business School
10:50am	Break
11:05am	Choosing Pension Fund Investment Consultants Aleksandar Andonov, University of Amsterdam Matteo Bonetti, De Nederlandsche Bank Irina Stefanescu, Board of Governors of the Federal Reserve System Discussant: Amit Goyal, University of Lausanne
11:55am	How Anti-ESG Pressure Affects Investment: Evidence from Retirement Savings Danyu Zhang, UCLA Anderson School of Management Discussant: Elisabeth Kempf, Harvard University and NBER
12:45pm	Lunch
1:29pm	Session II: Pension Funds as Asset Holders Chair: James Poterba, MIT and NBER
1:30pm	Desperate Capital Breeds Productivity Loss: Evidence from Public Pension Investments in Private Equity Vrinda Mittal, University of North Carolina Chapel Hill Discussant: Alon Brav, Duke University and NBER
2:20pm	Does Long-Term Patient Capital Matter? The Impact of Pension Fund Investments on Firm Productivity Roel Beetsma, University of Amsterdam Svend E. Hougaard Jensen, Copenhagen Business School and PeRCent David Pinkus, Copenhagen Business School Dario Pozzoli, Copenhagen Business School Discussant: Rob Bauer, Maastricht University
3:10pm	Performance Capital Flows in DC Pensions Bryan Gutierrez, SBS Peru Victoria Ivashina, Harvard University and NBER Juliana Salomao, University of Minnesota and NBER Discussant: Irina Stefanescu, Board of Governors of the Federal Reserve System
4:00pm	Break
4:29pm	Session III: Global Pension Trends Chair: Svend E. Hougaard Jensen, Copenhagen Business School and PeRCent
4:30pm	Panel Discussion Moderators: Svend E. Hougaard Jensen and Jesper Rangvid, Copenhagen Business School and PeRCent Panelists: Marie Briere, Amundi Investment Institute James Poterba, MIT and NBER Joshua Rauh, Stanford University and NBER
5:30pm	Closing Remarks and Adjourn

Participants

Aleksandar Andonov, University of Amsterdam
Matteo Bonetti, De Nederlandsche Bank
Alon Brav, Duke University and NBER
Amit Goyal, University of Lausanne
Svend E. Hougaard Jensen, Copenhagen Business School and PeRCent
Kristy A.E. Jansen, University of Southern California
Tim Jenkinson, University of Oxford
Sven Klingler, BI Norwegian Business School

Vrinda Mittal, University of North Carolina Chapel Hill
David Pinkus, Copenhagen Business School
James M. Poterba, Massachusetts Institute of Technology
Jesper Rangvid
Juliana Salomao, University of Minnesota and NBER
Irina Stefanescu, Board of Governors of the Federal Reserve System
Jane Danyu Zhang, UCLA Anderson School of Management