New Developments in Long-Term Asset Management
Monika Piazzesi and Luis M. Viceira, Organizers
May 9-10, 2019
Supported by Norges Bank Investment Management
Royal Sonesta Hotel, Riverfront Room, 40 Edwin H. Land Blvd., Cambridge, MA
| Thursday, May 9 | ||||
| 12:15 pm | Lunch, Somerset Room | |||
| Format: 20 minutes each for authors, discussants, general discussion | ||||
| 1:00 pm |
Matthew Backus, University of California, Berkeley and NBER Christopher Conlon, New York University and NBER Michael Sinkinson, Northwestern University and NBER Common Ownership in America: 1980-2017
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| 2:00 pm |
Arpit Gupta, New York University Stijn Van Nieuwerburgh, Columbia University and NBER Valuing Private Equity Investments Strip by Strip
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| 3:00 pm | Break | |||
| 3:15 pm |
Ralph S. J. Koijen, University of Chicago and NBER Robert J. Richmond, New York University and NBER Motohiro Yogo, Princeton University and NBER Which Investors Matter for Global Equity Valuations and Expected Returns?
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| 4:15 pm | Break | |||
| 4:30 pm |
Panel on Quantitative Investing Cliff Asness, AQR Capital Management Owen Lamont, Wellington Management Feifei Li, Research Affiliates (slides) |
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| 5:30 pm | Adjourn | |||
| 6:30 pm |
Dinner, Parkview Room Keynote Speaker: John Campbell, Harvard University and NBER Long-Term Investing in a Nonstationary World |
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| Friday, May 10 | ||||
| 8:00 am | Coffee and Pastries | |||
| 8:30 am |
Robin Greenwood, Harvard University and NBER Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER The Impact of Pensions and Insurance on Global Yield Curves
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| 9:30 am | Break | |||
| 9:45 am |
Andra C. Ghent, University of Utah What's Wrong with Pittsburgh? Delegated Investors and Liquidity Concentration
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| 10:45 am | Break | |||
| 11:00 am |
Mikhail Chernov, University of California, Los Angeles and NBER Lars A. Lochstoer, University of California, Los Angeles and NBER Stig Lundeby, Norwegian School of Economics Conditional Dynamics and the Multi-Horizon Risk-Return Trade-off
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| 12:00 pm | Lunch, Somerset Room | |||
| 1:00 pm |
Lubos Pastor, University of Chicago and NBER Robert F. Stambaugh, University of Pennsylvania and NBER Lucian A. Taylor, University of Pennsylvania Fund Tradeoffs
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| 2:00 pm | Break | |||
| 2:15 pm |
Aleksandar Andonov, University of Amsterdam Roman Kräussl, Bayes Business School Joshua Rauh, Stanford University and NBER The Subsidy to Infrastructure as an Asset Class
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| 3:15 pm | Break | |||
| 3:30 pm |
Anil K. Kashyap, University of Chicago and NBER Natalia Kovrijnykh, Arizona State University Jian Li, Columbia University Anna Pavlova, London Business School The Benchmark Inclusion Subsidy
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| 4:30 pm | Adjourn | |||
| Wednesday, July 24 | ||||
| 1:20 pm |
Andra C. Ghent, University of Utah What's Wrong with Pittsburgh? Delegated Investors and Liquidity Concentration
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