New Developments in Long-Term Asset Management

Luis M. Viceira and Annette Vissing-Jorgensen, Organizers

April 13, 2024

Gleacher Center, Room 600, 450 North Cityfront Plaza Drive, Chicago, IL, Zoom

Conference Code of Conduct

Saturday, April 13
Continental Breakfast
8:00 am
Roberto Gomez Cram, New York University
Howard Kung, London Business School
Hanno Lustig, Stanford University and NBER

Can US Treasury Markets Add and Subtract?
Discussant: Quentin Vandeweyer, University of Chicago
8:50 am
Wenxin Du, Harvard University and NBER
Alessandro Fontana, European Insurance and Occupational Pension Authority
Petr Jakubik, International Monetary Fund
Ralph S. J. Koijen, University of Chicago and NBER
Hyun Song Shin, Bank for International Settlements

International Portfolio Frictions
Discussant: Antonio Coppola, Stanford University
Break
10:10 am
Sylvain Catherine, University of Pennsylvania
Max Miller, Harvard University
James Paron, University of Pennsylvania
Natasha Sarin, Yale University

Interest-rate Risk and Household Portfolios (slides)
Discussant: Daniel Greenwald, New York University and NBER
11:00 am
Keynote Speaker: Steven N. Kaplan, University of Chicago and NBER
Private Equity: Past, Present and Future (slides)
Lunch - Room 621
1:00 pm
Carter K. Davis, Indiana University
Mahyar Kargar, University of Illinois at Urbana-Champaign
Jiacui Li, University of Utah

Why is Asset Demand Inelastic? (slides)
Discussant: Valentin Haddad, University of California, Los Angeles and NBER
1:50 pm
Lorenzo Bretscher, University of Lausanne
Lukas Schmid, University of Southern California
Tiange Ye, University of Southern California

Passive Demand and Active Supply: Evidence from Maturity-mandated Corporate Bond Funds
Discussant: Anna Pavlova, London Business School
Break
3:00 pm
Naz Koont, Columbia University
Yiming Ma, Columbia University
Lubos Pastor, University of Chicago and NBER
Yao Zeng, University of Pennsylvania

Steering a Ship in Illiquid Waters: Active Management of Passive Funds
Discussant: Marco C. Sammon, Harvard University
Adjourn