Delegated Asset Management: Recent Advances and Prospects
Thursday, May 31, 2012
From 14 h
2020, rue University, bureau 2500
Montréal (Québec) H3A 2A5
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
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
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.
e offers participants an opportunity to stay current with the best practices and innovative
thinking necessary for successfully use delegated portfolio management.
There are no fees, but r
egistration is mandatory, please click on the
de la Finance
Professor; Senior Concordia University Research Chair in Finance
John Molson School of Business
President & Head of Investments
State Street Global Advisors Ltd. (Canada)
Investment Consultant & Director Multi Managers Strategy