New Developments in Long-Term Asset Management Conference

Monika Piazzesi and Luis M. Viceira, Organizers

May 19-20, 2016

1050 Mass. Ave.

Conference Code of Conduct

Thursday, May 19
2:30 pm
Assaf Hamdani, The Hebrew University
Eugene Kandel, Hebrew University
Yevgeny Mugerman, Hebrew University
Yishay Yafeh, Hebrew University

Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment
3:45 pm
Joseph J. Gerakos, Dartmouth College
Juhani T. Linnainmaa, Dartmouth College and NBER
Adair Morse, University of California, Berkeley and NBER

Asset Manager Funds
4:45 pm
Ralph Koijen, University of Chicago and NBER
Motohiro Yogo, Princeton University and NBER

An Equilibrium Model of Institutional Demand and Asset Prices
Friday, May 20
8:30 am
Ian R. Appel, University of Virginia
Todd Gormley, Washington University in St. Louis and NBER
Donald Keim, University of Pennsylvania

Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism
9:45 am
Oleg Chuprinin, UNSW Australia Business School
Denis Sosyura, Arizona State University

Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds
11:00 am
Alan Moreira, University of Rochester and NBER
Tyler Muir, University of California, Los Angeles and NBER

Volatility Managed Portfolios
1:15 pm
Andrea L. Eisfeldt, University of California, Los Angeles and NBER
Hanno Lustig, Stanford University and NBER
Lei Zhang, The University of Hong Kong

Risk and Return in Segmented Markets with Expertise
2:30 pm
Nathan Foley-Fisher, Federal Reserve Board
Borghan Narajabad, Federal Reserve Board
Stephane Verani, Federal Reserve Board

Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry
3:45 pm
Sergey Chernenko, Purdue University
Adi Sunderam, Harvard University and NBER

Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds