-----------------------------------
P O S T D O C P O S I T I O N
AT THE
JOHANN RADON INSTITUTE FOR COMPUTATIONAL AND APPLIED MATHEMATICS
(RICAM)
OF THE AUSTRIAN ACADEMY OF SCIENCES, AUSTRIA
RICAM is a research institute which went into operation on January 1, 2003, and
is building up to a total of 30 PostDoc positions in six areas:
Computational Methods for Direct Field Problems
Inverse Problems
Mathematical Finance
Symbolic Computation
Analysis of Partial Differential Equations
Optimization and Control
The institute is housed on the campus of the Johannes Kepler University in
Linz, a town of about 200.000 inhabitants located along the Danube, very close
to the Austrian Alps, and half-way between Vienna and Salzburg (more
information about the institute can be found at http://www.ricam.oeaw.ac.at).
The "Mathematical Finance Group" is looking for a PostDoc with a strong
background in risk theory or quantitative finance. Possible specialisation
areas also include dependence modelling. Informal enquiries can be made to Dr.
Hansjörg Albrecher at: hansjoerg.albrecher(a)oeaw.ac.at.
A doctorate in mathematics or a closely related field is required. The working
language is English. The position is available from June 2006 or as soon as
possible thereafter. The initial contract can be for up to three years, a
renewal for three more years is possible depending on achievements. Closing
date for applications is May 1, 2006.
Two sets of applications with personal and scientific data, copies of relevant
documents and a statement about scientific interests and achievements should be
sent to
Prof. H. Engl
Johann Radon Institute
Austrian Academy of Sciences
Altenbergerstraße 69
A-4040 Linz
Austria
Alternatively, the application material can be sent by email to
annette.weihs(a)oeaw.ac.at
Date: Wed, 22 Mar 2006 10:41:32 +0100
From: "D. Filipovic" <filipo(a)mathematik.uni-muenchen.de>
--------------------------------------------------------
SUMMER SCHOOL
Risk Measurement and Optimal Investment
June 29 - 30, 2006
Mathematical Department
of the Ludwig-Maximilians Universitaet
LMU, Muenchen (Germany)
The summer school will take place at the Mathematical Department of the Ludwig-Maximilians Universitaet (LMU) of Muenchen on June 29 (13 - 19.30h) and on June 30 (9 - 17.30h). It consists of two mini courses on
* Risk Measures and Capital Allocation (Prof. F.Delbaen)
* Optimal Investment (Prof. C. Rogers)
held by Prof. F. Delbaen (ETH Zurich) and Prof. C. Rogers (University of Cambridge), and a special talk on
* Managing Value, Risk and Economic Capital:
A Practical Approach to Asset Liability Management
held by Dr. B. Kaufmann (Munich Re).
The school addresses PhD students, postgraduate researchers and all practitioners from the risk management in insurance and other financial institutions.
For further information, see:
http://www.mathematik.uni-muenchen.de/~finsum/koll.php
REGISTRATION
There is a registration fee. Participants are kindly requested to follow the indications on line available at
http://www.mathematik.uni-muenchen.de/~finsum/regi.html
ORGANISERS
Francesca Biagini, LMU Muenchen
(http://www.mathematik.uni-muenchen.de/~biagini/)
Damir Filipovic, LMU Muenchen.
(http://www.mathematik.uni-muenchen.de/~filipo/)
Please note that on March 24th there is not going to be a research seminar -
the originally planned seminar is cancelled.
The next seminar is given by Prof. Erwan Morellec (Université de Lausanne)
on "Stock returns in mergers and acquisitions" on FRIDAY, March 31st, from
15:30 to 17:00 at the Institute for Advanced Studies (Institut für Höhere
Studien, Stumpergasse 56, 1060 Wien), Lecture Room (HS) 2.
Coffee and snacks are going to be available in the cafeteria of IHS, which
is located next to the lecture room, before (starting at around 15:00) and
after the seminar.
If you want to meet Prof. Morellec to discuss your research projects, please
let me know. I'm going to set up a schedule for him.
Best,
Michael Halling
Im *Institut für Finanzierung und Finanzmärkte/ Corporate Finance* ist
voraussichtlich ab 1. Mai 2006 bis 30. April 2012 die Stelle *eines
Assistenten/einer Assistentin* (ArbeitnehmerIn der
Wirtschaftsuniversität Wien gem. § 128 UG 2002 idgF), *vollbeschäftigt
*zu besetzen.
Wir weisen Sie darauf hin, dass der WU-Entwicklungsplan für
Assistent/inn/en eine maximale Befristungsdauer von 6 Jahren vorsieht.
Bewerber/innen, die bereits als Ersatzkräfte an der WU beschäftigt sind,
können daher nur mehr für die auf die 6 Jahre fehlende Zeit eingestellt
werden.
Weiters weisen wir daraufhin, dass die Wiederbestellung von Personen,
die bereits einen Assistent/inn/enposten "Säule 2" inne hatten, aus
rechtlichen Gründen nicht möglich ist.
*Notwendige Kenntnisse und Qualifikationen:*
EU-Bürger/in, Doktorat in Wirtschaftswissenschaften oder
Wirtschaftsmathematik, gutes Englisch
*Erwünschte Kenntnisse und Qualifikationen:*
Erfahrung in Forschung und Lehre auf dem Gebiet der Finanzwirtschaft,
insbesondere im Bereich Corporate Finance in Verbindung mit Banking und
Accounting sowie Währungsmärkte und deren Mikrostruktur.
Fundierte ökonometrische Kenntnisse, Programmierkenntnisse in VBA und
C/C++,
sehr gute Kenntnisse im Umgang mit statistischer Software insbesondere
Stata sowie im Umgang mit Datenprovidern wie Reuters, Bloomberg und
Datastream.
*Kennzahl: 57905*
*Schriftliche Bewerbungen mit Lebenslauf und Zeugnissen (Kopien) sind
unter Angabe der angeführten Kennzahl an die PERSONALABTEILUNG der
Wirtschaftsuniversität Wien, Augasse 2-6, 1090 Wien zu richten.*
*Ende der Bewerbungsfrist: 5. April 2006*
*Bitte die Kennzahl unbedingt anführen!*
Nähere Informationen gibt es bei Prof. Stefan Bogner.
Allgemeine Informationen zu Bewerbungen an der WU-Wien finden sich beispielsweise unter
http://notes.wu-wien.ac.at/usr/zid/mb/05/mb23.nsf/Inhalt?OpenView&Start=1&C…
-------------------------------------------------------------------------------
o.Univ.-Prof. Mag. Dr. Stefan Bogner
Wirtschaftsuniversität Wien
Institut für Finanzierung und Finanzmärkte
Abteilung für Betriebliche Finanzierung
UZA 4, 6. Stock Kern B
Nordbergstraße 15
A-1090 Wien
Tel: ++43 1 31336 4242
Fax: ++43 1 31336 736
E-mail: stefan.bogner(a)wu-wien.ac.at
Web: http://www.wu-wien.ac.at/dcf
--------------------------------------------------------------------------------
Prof. Klaus Ritzberger is giving a VGSF research seminar on "Corporate
Control and the Stock Market" on FRIDAY, March 17th, from 15:30 to 17:00 at
the Institute for Advanced Studies (Institut für Höhere Studien,
Stumpergasse 56, 1060 Wien), Lecture Room (HS) 2.
Coffee and snacks are going to be available in the cafeteria of IHS, which
is located next to the lecture room, before the seminar (starting at around
15:00).
Information regarding the further schedule of the VGSF research seminar can
be found at www.vgsf.ac.at!
Best,
Michael Halling
Prof. Doyne Farmer from the Santa Fe Institute is giving a VGSF research
seminar on "Financial markets as a behavioral laboratory: An empirical
behavioral model for price formation" on FRIDAY, March 10th, from 15:30 to
17:00 at the Institute for Advanced Studies (Institut für Höhere Studien,
Stumpergasse 56, 1060 Wien), Lecture Room (HS) 2.
Coffee and sweet snacks are going to be available in the cafeteria of IHS,
which is located next to the lecture room, before the seminar (starting at
around 15:00).
Information regarding the further schedule of the VGSF research seminar can
be found at www.vgsf.ac.at!
Best,
Michael Halling
The Gutmann Center for Portfolio Management
at the University of Vienna
http://www.gutmann-center.at
is pleased to announce the
GUTMANN CENTER SYMPOSIUM 2006:
"REAL ASSETS AND PORTFOLIO MANAGEMENT"
- apologies for any cross-postings!! -
March 27th, 2006, 9.00 am – 6.00 pm
University of Vienna - "Kleiner Festsaal"
Dr. Karl-Lueger-Platz 1, 1010 Wien
Real estate, a major driver of both the overall economy and of
individual wealth, has become an increasingly important asset class for
portfolio managers. Other real assets such as private equity and venture
capital have also generated a lot of interest recently as additional
opportunities to optimize asset allocation. However, for most investors,
these alternative investment opportunities remain rather opaque.
Internationally recognized experts will present their analyses of these
asset classes at our symposium from both an academic and practitioner’s
perspective.
NO CONFERENCE FEE - ONLY REGISTRATION REQUIRED
PLEASE REGISTER VIA E-MAIL NOT LATER THAN MARCH 14th:
gutmann.bwl(a)univie.ac.at
PROGRAM
08.15-09.00 REGISTRATION
09.00-09.10 WELCOME AND PRESENTATION OF THE GUTMANN CENTER
PHD-SCHOLARSHIP 2005/2006
Josef Zechner, University of Vienna and Gutmann Center
Rudolf Stahl, CEO Bank Gutmann AG
Recipient: Jin Yu, Vienna Graduate School of Finance (VGSF)
09.10-10.40 SESSION I: REAL ESTATE: PORTFOLIO CHOICE AND RETURN
CHARACTERISTICS
Chair: Engelbert Dockner, University of Vienna
09.10-09.40 “Efficient Portfolios when Housing is a Hedge against Rent Risk”
Speaker: Loriana Pelizzon, Università Ca' Foscari di Venezia
Discussant: Walter Torous, UCLA
09.40-10.10 “Illiquidity and Pricing Biases in the Real Estate Market”
Speaker: Kerry D. Vandell, University of Wisconsin-Madison
Discussant: Charles Himmelberg, Goldman Sachs
10.10-10.40 “Hot and Cold Housing Markets: International Evidence”
Speaker: Javier Suarez, CEMFI
Discussant: Robert Korajczyk, Northwestern University
10.40-11.00 - Coffee Break -
11.00-12.30 SESSION II: REAL ASSETS AND PORTFOLIO CHOICE
Chair: Tomas Björk, Stockholm School of Economics
11.00-11.30 “Comovement After Joining an Index: Spillovers of
Nonfundamental Effects”
Speaker: Dong Wook Lee, University of Kentucky
Discussant: Youchang Wu, University of Vienna
11.30-12.00 “Better Regulation and Underwriter Reputation have done
nothing for IPO Underpricing over the 20th Century: Empirical Evidence
from IPOs on the London Stock Exchange”
Speaker: Elroy Dimson, London Business School
Discussant: Neal Stoughton, University of Calgary
12.00-12.30 “Beautiful Asset: Art as Investment”
Speaker: Michael Moses, New York University
Discussant: Klaus Spremann, University St. Gallen
12.30-13.30 - Lunch Buffet -
13.30-14.15 KEY-NOTE-ADDRESS
“Homeownership as a Constraint on Asset Allocation”
Speaker: Eduardo Schwartz, UCLA
14.15-14.45 - Coffee Break -
14.45-16.15 SESSION III: PERFORMANCE OF PRIVATE EQUITY AND VENTURE CAPITAL
Chair: Elroy Dimson, London Business School
14.45-15.15 “Determinants of Venture Capital Performance: Europe and the
United States”
Speaker: Ulrich Hege, HEC
Discussant: Michael Halling, University of Vienna
15.15-15.45 “Risk-Adjusted Returns of Private Equity Investments”
Speaker: Alexander Groh, TU Darmstadt
Discussant: Engelbert Dockner, University of Vienna
15.45-16.15 “The Performance of Private Equity Funds”
Speaker: Ludovic Phalippou, University of Amsterdam,
Discussant: Stefan Pichler, Vienna University of Economics and Business
Administration
16.15-16.30 - Coffee Break -
16.30-17.30 SESSION IV: EXPECTED RETURNS IN REAL ESTATE
Chair: Klaus Spremann, University St. Gallen
16.30-17.00 “Expected Returns and the Expected Growth in Rents of
Commercial Real Estate”
Speaker: Walter Torous, UCLA
Discussant: Alex Stomper, Institute for Advanced Studies, Vienna
17.00-17.30 “Assessing High House Prices: Bubbles, Fundamentals and
Misperceptions”
Speaker: Charles P. Himmelberg, Goldman Sachs
Discussant: Javier Suarez, CEMFI
CONCLUDING REMARKS
Josef Zechner, University of Vienna and Gutmann Center
- Refreshments –
The Gutmann Center Symposium 2006 is organized in cooperation with:
DIE PRESSE – www.diepresse.com
CONTACT AND FURTHER INFORMATION:
Gutmann Center for Portfolio Management
University of Vienna
Bruenner Strasse 72
1210 Wien (Vienna), Austria
Phone: +43-1-4277-38186
Fax: +43-1-4277-38074
E-mail: gutmann.bwl(a)univie.ac.at
Homepage: www.gutmann-center.at