Program and conference goal
The conference goal was to bring together academics and practitioners to discuss new insights into strategies, tools and practices relevant to endowment management. Please also find some material here: abstracts, presentations given and relevant papers.
| Wednesday, June 27th, 2012 | EAM Workshop Topic | Location | |
| 09:00-10:00 | Optional Pre-Conference Tutorial (pre-registered participants) | Refresher on Investments | Portfolio Management Bereich |
| Richard Maitland, Sarasin & Partners LLP | |||
| 10:15-11:15 | Richard Maitland, Sarasin & Partners LLP | Current dilemmas facing charitable funds | Portfolio Management Bereich |
| 11:00-12:20 | Registrations Desk Open / Lunch Break | ||
| 12:20-14:00 | I: Setting the Agenda | ||
| Neal Stoughton and Elroy Dimson | Welcoming Remarks | Johann Strauss Saal | |
| Neal Stoughton, WU | Current Topics in Endowment Research | ||
| Douglas Breeden, Duke and MIT | Governance and Institutional Risk Management. Presentation | ||
| 14:00-14:15 | Coffee Break | ||
| 14:15-15:45 | II: Endowment Objectives | Johann Strauss Saal | |
| William Goetzmann, Yale | Competition Between Endowments | ||
| Thomas Gilbert, U. Washington | University Objectives and Fund Management. Presentation. Paper (Univ. endowments and fairness). Paper (Univ. endowments and production) | ||
| 15:45-16:00 | Break | ||
| 16:00-17:30 | III: Endowment Liquidity | Hohe Kasematten | |
| Andrew Ang, Columbia | "Liquidating Harvard" case study | ||
| 18:00-19:00 | Optional: Seven secrets of endowment success by Larry Siegel | Portfolio Management Bereich | |
| 18:00-19:30 | Optional: Presentations by the portfolio management students | Prunkräume | |
| 19:45-22:00 | Spanferkel Dinner to honor the portfolio management students | Hohe Kasematten | |
| Thursday June 28th, 2012 | EAM Workshop Topic | Location | |
| 09:00-10:45 | IV: Responsible Investing | Hohe Kasematten | |
| Elroy Dimson, LBS and Cambridge | Active ownership | ||
| Harrison Hong, Princeton | Quasi experiments on corporate social responsibility | ||
| Gemma Woodward, Newton | The practitioner's perspective | ||
| 10:45-11:15 | Coffee Break | ||
| 11:15-12:15 | V: Long-term Strategy | Hohe Kasematten | |
| David Chambers, Cambridge | The Norway Model: case study | ||
| 12:15-14:15 | Lunch and Featured Speaker | Garten Restaurant | |
| Featured Speaker: Rob Arnott, Research Affiliates | The Looming Storm of Debt, Deficits and Demographics | ||
| 14:15-15:45 | VI: Dynamic Asset Allocation | Johann Strauss Saal | |
| Raman Uppal, EDHEC | Why Does an Equal-Weighted Portfolio Outperform Value- and Price-weighted Portfolios? | ||
| Pedro Santa Clara, Nova | Beyond the Carry Trade: Optimal Currency Portfolios | ||
| 15:45-16:15 | Coffee Break | ||
| 16:15-17:15 | VII: IPOs and PE | Johann Strauss Saal | |
| Jay Ritter, Florida | Disappearing IPOs. Presentation | ||
| Ian Barnard, CapGen | The practioner's perspective | ||
| 18:15-19:00 | Vienna Boys Choir/champagne reception | ||
| 19:00-23:00 | Gala Dinner | Prunkräume | |
| Friday June 29th, 2012 | EAM Workshop Topic | Location | |
| 09:00-10:30 | VIII - Alternative Investments | Johann Strauss Saal | |
| Raghavendra Rau, Cambridge | Managerial career concerns and the determination of hedge fund systematic risk. Paper | ||
| Robert Neal, Indiana | Risk Management Lessons for Endowments, Foundations and Pension Funds | ||
| 10:30-11:00 | Coffee Break | ||
| 11:00-12:30 | IX - New Ideas in Endowment Management | Johann Strauss Saal | |
| Antti Ilmanen, AQR Capital | Risk Parity and Alternative Beta | ||
| William Goetzmann, David Chambers, Elroy Dimson | Panel Discussion | ||
| Engelbert Dockner | Concluding Remarks | ||
| 12:30-14:00 | Buffet lunch | Garten Restaurant |