New Developments in Long-Term Asset Management

Luis M. Viceira and Annette Vissing-Jorgensen, Organizers

April 14-15, 2023

Conference Code of Conduct

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

Robust Portfolio Choice
Discussant: Kent D. Daniel, Columbia University and NBER
9:50 am
Wenxin Du, Columbia University and NBER
Benjamin M. Hébert, Stanford University and NBER
Wenhao Li, University of Southern California

Intermediary Balance Sheets and the Treasury Yield Curve
Discussant: Alan Moreira, University of Rochester and NBER
10:40 am
11:10 am
Kerry Y. Siani, Massachusetts Institute of Technology
Kairong Xiao, Columbia University
Olivier Darmouni, Columbia University

Nonbank Fragility in Credit Markets: Evidence from a Two-Layer Asset Demand System
Discussant: Motohiro Yogo, Princeton University and NBER
12:00 n
1:00 pm
Byungwook Kim, University of California, Irvine

Correlated Demand Shocks and Asset Pricing
1:25 pm
Lorenzo Bretscher, University of Lausanne
Ryan Lewis, University of Colorado at Boulder
Shrihari Santosh, University of Maryland

Investor Betas
1:50 pm
2:20 pm
Niklas Huether, Indiana University
Lukas Schmid, University of Southern California
Roberto Steri, University of Luxembourg

Credit Market Equivalents and the Valuation of Private Firms
Discussant: Arthur Korteweg, University of Southern California
3:10 pm
Arpit Gupta, New York University
Vrinda Mittal, University of North Carolina Chapel Hill
Stijn Van Nieuwerburgh, Columbia University and NBER

Work From Home and the Office Real Estate Apocalypse
Discussant: Jose Maria Barrero, Instituto Tecnológico Autónomo de México (ITAM)
4:00 pm