2010 Fall Seminar

The Active vs. Passive Decision by Sovereign Wealth Funds
William Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies, Director, International Center for Finance at the Yale School of Management


Portfolio Choice for Resource Based Sovereign Wealth Funds
Bernd Scherer, Professor of Finance, EDHEC Business School


Forecasting Returns – The Sum of the Parts Approach
Pedro Santa – Clara, Millennium bcp Professor of Finance, Faculdade de Economia, Universidade Nova de Lisboa and NBER.
Paper Slides


Liquidity Risk and Interbank Markets
Brenda Gonzalez-Hermosillo, Deputy Division Chief, Global Financial Stability, Monetary and Capital Markets Department, International Monetary Fund, and NBER
Paper 1 Paper 2 Slides


The Next 100 Years: A Forecast For The 21st Century
George Friedman, Chairman, Strategic Forecasting, Inc


Determinants of Value in Dark Pools
Stephen H. Penman, George O. May Professor of Accounting, Morgan Stanley Research Scholar, Graduate School of Business, Columbia University
Paper Slides


The Effects of Stock Lending on Security Prices. An Experiment by: Steven N. Kaplan and Tobias J. Moskowitz and Berk A. Sensoy
Steven N. Kaplan, Neubauer Family Professor of Entrepreneurship and Finance and, Tobias J. Moskowitz, Fama Family Professor of Finance, Booth School of Business, University of Chicago
Paper Slides


Lifetime Consumption and Investment for Retirement
Philip H. Dybvig, Boatmen’s Bancshares Professor of Banking and Finance, Olin School of Business, Washington University


The Origin of Behavior
Andrew W. Lo, Harris & Harris Group Professor, Director, MIT Laboratory for Financial Engineering (LFE), MIT Sloan School of Management


Determinants of Value in Dark Pools
Mark J. Ready, Jeffrey Diermeier Chair of Finance, Wisconsin School of Business, University of Wisconsin – Madison
Paper Slides


A Matter of Style: The Causes and Consequences of Style Drift in Institutional Portfolios
Russ Wermers, Associate Professor of Finance, Robert H. Smith School of Business, University of Maryland at College Park