Recent Advances in Mutual Fund Research

August 26 - 27, 2013

The School of Business and Economics of Humboldt University is pleased to invite you to a 1 1/2 day conference on recent advances in mutual fund research.

CONFERENCE PROGRAM:

Monday, August 26, 2013

8:15 - 8:30
Welcome address
Fund Performance

8:30 - 9:30
Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds
Youchang Wu, Russ Wermers, Josef Zechner
Discussant: Scott Yonker

9:30 - 10:30 Labor Market Conditions and Productivity: Evidence from Mutual Fund Managers
Clemens Sialm, Mandy Tham
Discussant: Pedro Matos

10:30 - 11:00
Coffee break

11:00 - 12:00
Learning by Doing: The Value of Experience and the Origins of Skill for Mutual Fund Managers
Elisabeth Kempf, Alberto Manconi, Oliver Spalt
Discussant: Ruediger Fahlenbrach

12:00 - 13:30
Lunch: Cum Laude
Performance - Flow Relationship

13:30 - 14:30
Performance-Chasing Behavior and Mutual Funds: New Evidence from Multi-Fund Managers
Darwin Choi, C. Bige Kahraman, Abhiroop Mukherjee
Discussant: Youchang Wu

14:30 - 15:30
Co-Insurance in Mutual Fund Families
Luis Goncalves-Pinto, Breno Schmidt
Discussant: Guillermo Baquero

15:30 - 16:00
Coffee break
Institutional Factors

16:00 - 17:00
It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
Veronika Pool, Clemens Sialm, Irina Stefanescu
Discussant: Javier Gil-Bazo

17:00 - 18:00
The Role of Product and Firm Characteristics in the Outsourcing Decision of the Multiproduct Firm: Evidence from Subcontracting in the Mutual Fund Industry
Peter Debaere, Richard Evans
Discussant: Marcin Kacperczyk

19:30
Dinner: Restaurant Kafer (Deutscher Bundestag)

Tuesday, August 27, 2013

Effects of Mutual Funds Behavior

9:00 - 10:00
Deception and Managerial Structure: A Joint Study of Portfolio Pumping and Window Dressing Practices
Saurin Patel, Sergei Sarkissian
Discussant: Abhiroop Mukherjee

10:00 - 10:30
Coffee break

10:30 - 11:30
Commonality in Liquidity: A Demand-Side Explanation
Andrew Koch, Stefan Ruenzi, Laura Starks
Discussant: Joseph Chen

11:30 - 12:30
Fire-Sales and Information Advantage: When Bank-Affiliation Helps
Massimo Massa, Lei Zhang
Discussant: Andre Guettler

12:30 - 14:00
Lunch: Cum Laude

14:00
Adjourn

PROGRAM COMMITTEE: Tim Adam (Humboldt University), Andre Guettler (Ulm University)

REGISTRATION: Registration details and further program information can be found at http://www.wiwi.hu-berlin.de/professuren/bwl/cofi/conference