Delegated Asset Management: Recent Advances and Prospects

C
onf
e
rence
on



Delegated Asset Management: Recent Advances and Prospects



Thursday, May 31, 2012

From 14 h

to
17 h




CIRANO

2020, rue University, bureau 2500

Montréal (Québec) H3A 2A5




Overview


This conference will review recent advances in active and passive delegated portfolio management. The
main objective of the conference is to confront decades of advances in academic and empirical finance to
the state of practice of delegated portfolio mana
gement. The subject of delegated management has been
around for more than 30 years and hundreds of research evidence has been published on this subject.
Despite all these academic evidence about delegated portfolio management, the industry only slowly ada
pts
its practice to these facts.


Because of the increasing complexity of financial markets, the difficulty to out
-
perform benchmarks and the
high cost to manage money in
-
house, many pension funds and individual investors have opted to manage
their
financial assets through a delegated portfolio manager for active investing or used passive investing.
Then, in most industrialized countries, a substantial part of financial wealth is not managed directly by
savers, but through a financial intermediary.
The mandate of this financial intermediary could be passive
such as replicating a benchmark or active with an expectation of outperforming a benchmark. The mandates
cover traditional asset management and alternative asset management as well.


The conferenc
e offers participants an opportunity to stay current with the best practices and innovative
thinking necessary for successfully use delegated portfolio management.






IMPORTANT
:
There are no fees, but r
egistration is mandatory, please click on the
following link
:


http://www.cirano.qc.ca/inscription/inscrire.php?lang=en&id=538












Schedule




14

h
-
14

h
45

Aymen Karoui

Professor

of Finance

Departement

de la Finance

UQAM




14

h
-

45

-

15

h
30

Lawrence

Kryzanowski

Professor; Senior Concordia University Research Chair in Finance


John Molson School of Business


Concordia University




15 h
30

–

15

h
45 :
Question Period


Roundtable




16

h
00

–

17

h
00


Peter
Lindley

President & Head of Investments

State Street Global Advisors Ltd. (Canada)


Eric Fontaine

Investment Consultant & Director Multi Managers Strategy

Brockhouse Cooper


Richard Guay

(confirmed)

Professor of
Finance

Département de
la
Finance

UQAM