+ CONFERENCE ANNOUNCEMENT +
GUTMANN SYMPOSIUM ON
CAPITAL MARKET BASED PENSION SYSTEMS
Gutmann Center for Portfolio Management (
www.gutmann-center.at)
LOCATION: UNIVERSITY OF VIENNA (Austria)
DATE: DECEMBER 1st, 2003
The reform of pension systems is one of the greatest challenges for most
industrialized countries. As traditional pay-as-you-go-systems
increasingly face budgetary constraints, capital market based solutions
will become crucial. The internationally recognized speakers at our
symposium approach this hot topic from an academic as well as from a
practitioner's point of view:
· Lawrence N. Bader, American Academy of Actuaries
"Funding Corporate Pension Plans"
· David Blake, Pensions Institute, Birkbeck College, University of
London
PensionMetrics: On the stochastic design of pension plans during the
accumulation & distribution phases
· Bill Fung, London Business School
"Is there sufficient Absolute Return Capacity to meet Absolute
Liabilities of Pension Funds?"
· Jeremy Gold, Wharton School, University of Pennsylvania/ Jeremy Gold
Pensions
Accounting/Actuarial Bias Enables Equity Investment by Defined Benefit
Pension Plans
· Kristian R. Miltersen, Norwegian School of Economics and Business
Administration
International Comparison of Interest Rate Guarantees in Life Insurance
· Andrea Prat, London School of Economics
"Pension Fund Governance and the Choice between Defined Benefit and
Defined Contribution Plans"
· Christian Schlag, Goethe-Universität Frankfurt a.M.
"Money-Back Guarantees in Individual Pension Accounts: Evidence from the
German Pension Reform"
The sessions will be discussed and chaired by members of the Academic
Advisory Board:
· Michael Brennan, University of California, Los Angeles
· Elroy Dimson, London Business School
· Engelbert Dockner, University of Vienna
· Robert Korajczyk, Northwestern University
· Klaus Spremann, University St. Gallen
· Neal Stoughton, University of California, Irvine
· René M. Stulz, Ohio State University, Fisher
· Suresh Sundaresan, Columbia University
· Maria Vassalou, Columbia University
· Josef Zechner, University of Vienna, Director of the Gutmann Center
for Portfolio Management
The symposium will be followed by a panel discussion and a reception.
Participation fee: the participation is free, but all participants are
required to register. Please find further information about
registration, programme, papers etc on the homepage:
http://www.gutmann-center.at.
Contact:
gutmann.bwl(a)univie.ac.at or dorothea.grimm(a)univie.ac.at
phone: +43-1-4277-38186
fax: +43-1-4277-38074
The Gutmann Center for Portfolio Management is sponsored by Bank Gutmann
AG (
www.gutmann.at).