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[VFN] Vienna Congress on Mathematical Finance (VCMF 2016) - Early Registration
by Sandra Trenovatz 22 Jun '16

22 Jun '16

Sehr geehrte Damen und Herren, wir dürfen Sie darauf aufmerksam machen, dass bei der im September in Wien stattfindenden Veranstaltung: Vienna Congress on Mathematical Finance and VCMF Educational Workshop https://fam.tuwien.ac.at/vcmf2016/ die Early Registration am 30. Juni 2016 endet. Dieser "Wiener Kongress" bietet ein breites Diskussionsforum für den Austausch aktueller finanzmathematischer Themen und bringt führende Spezialisten und Akademiker zusammen. Am ersten Tag der Veranstaltung gibt es eine interessante Podiumsdiskussion mit dem Titel "Role of mathematical models in financial risk management and regulation (broadly defined)". Wir konnten folgende hochkarätige DiskutantInnen gewinnen: - Gabriela de Raaij Oesterreichische Nationalbank (OeNB) - Thomas Steiner Österreichische Bundesfinanzierungsagentur GmbH (OeBFA) - Johann Strobl Raiffeisen Bank International AG - Josef Teichmann Universitätsprofessor an der renomierten ETH Zürich Die Moderation übernimmt Wittgensteinpreisträger und Universitätsprofessor der Universität Wien, Walter Schachermayer. Abgerundet wird die VCMF 2016-Veranstaltung mit einem zweitägigen Educational Workshop, dessen Vorträge und Einführungskurse die Gelegenheit bietet, von weltweitführenden Experten zu lernen und finanzmathematische Themen gemeinsam zu erarbeiten. Information zum Programm und zu den Hauptvorträgen finden Sie unter: https://fam.tuwien.ac.at/vcmf2016/program.php Die Veranstalter WU Wien, TU Wien und Universität Wien freuen sich auf die gemeinsame Ausrichtung dieser Veranstaltung und hoffen auf zahlreiche heimische wie auch internationale Teilnehmerinnen und Teilnehmer. Im Falle von Fragen, wenden Sie sich gerne an das Kongress und Workshop-Sekretariat: vcmf2016(a)fam.tuwien.ac.at Wir freuen uns auf Ihre Rückmeldungen bzw. Teilnahme! Mit besten Wünschen, die VCMF 2016 Organisers: Mathias Beiglböck, Christa Cuchiero, Rüdiger Frey, Stefan Gerhold, Friedrich Hubalek, Irene Klein, Thorsten Rheinländer, Birgit Rudloff, Walter Schachermayer, Uwe Schmock +--------------------- | | VCMF 2016 - Vienna, Austria | | Vienna Congress on Mathematical Finance | Mon-Wed, September 12-14, 2016 | | VCMF Educational Workshop | Thu-Fri, September 15-16, 2016 | | https://fam.tuwien.ac.at/vcmf2016/ | +------------------------------------------------- Location: Campus of WU Wien Library & Learning Center (LC) and Teaching Center (TC) Welthandelsplatz 1, 1020 Vienna/Wien, Austria Organized by: WU Wien - Vienna University of Economics and Business TU Wien - Vienna University of Technology University of Vienna Gold Sponsors (alphabetical order): Deloitte Erste Group Bank AG KPMG Austria Raiffeisen Bank International AG (RBI) Silver Sponsor: Raiffeisen Capital Management (RCI) (further sponsors are welcome) The conference will bring together leading experts from various fields of Mathematical Finance such as: - Limit Order Book / High Frequency Trading - Credit Risk / Systemic Risk - Computational Methods and Calibration - New Financial Markets - Stochastic Volatility Models - Risk Measures and Optimization The conference program will feature plenary lectures, parallel sessions with invited and contributed talks as well as poster sessions. Moreover, there will be an attractive social program. The conference is followed by a two-day Educational Workshop on September 15 and 16 with lectures by internationally recognized experts that will be a great learning opportunity in particular for younger scientists. Plenary Speakers... ... at the Congress: Freddy Delbaen (ETH Zurich, CH) Hans Föllmer (Humboldt-Universität zu Berlin, DE) Peter Friz (Technische Universität Berlin, DE) Emmanuel Gobet (École Polytechnique, FR) Mathieu Rosenbaum (École Polytechnique & UPMC, FR) Josef Teichmann (ETH Zurich, CH) Almut Veraart (Imperial College London, UK) ... at the Educational Workshop Nicole Bäuerle (Karlsruhe Institute of Technology, DE) Alexander McNeil (Heriot-Watt University, UK) Johannes Muhle-Karbe (University of Michigan, US) Peter Tankov (Université Paris-Diderot (Paris 7), FR) https://fam.tuwien.ac.at/vcmf2016/speakers.php Invited Speakers... ... at the Congress: Elisa Alos (Universitat Pompeu Fabra Barcelona, ES) Christian Bayer (WIAS, DE) Agostino Capponi (Columbia University, US) Patrick Cheridito (Princeton University, US) Ulrich Horst (Humboldt-Universität zu Berlin, DE) Jan Kallsen (Christian-Albrechts-Universität zu Kiel, DE) Rüdiger Kiesel (Universität Duisburg-Essen, DE) Dörte Kreher (Humboldt-Universität zu Berlin, DE) Antonis Papapantoleon (TU Berlin, DE) Philipp Schönbucher (Financialytic GmbH, DE) Jorge P. Zubelli (IMPA, BR) https://fam.tuwien.ac.at/vcmf2016/speakers.php Submission of Posters still possible: The call for posters is open until July 15, 2016. Acceptance/rejection letters will be sent until July 31, 2016. https://fam.tuwien.ac.at/vcmf2016/registration.php Participation and Registration: Early registration is possible until June 30, 2016. Standard registration is possible until August 15, 2016. https://fam.tuwien.ac.at/vcmf2016/registration.php CPD: The attendance at VCMF 2016 (full week, Sept. 12-16, 2016) may qualifies for up to 31 CPD credits for those delegates whose national actuarial organization's CPD requirements recognize VCMF 2016. 20 CPD credits for Vienna Congress on Mathematical Finance (Sep 12-14) and 11 CPD credits for VCMF Educational Workshop (Sep 15-16). VCMF 2016 is accredited by the AVÖ - Actuarial Association of Austria. Save the Date: ============== IME 2017 - 21st International Congress on Insurance: Mathematics and Economics TU Wien, Mon-Wed, July 3-5, 2017 https://fam.tuwien.ac.at/ime2017/

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[VFN] REMINDER: INVITATION June 14: WU Gutmann Center Public Lecture - Terrance Odean: "Unrecognized Risk Taking in Financial Markets"
by gutmann-center＠wu.ac.at 08 Jun '16

08 Jun '16

REMINDER of the INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) Date: June 14 (Tuesday), 2016, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Terrance Odean, University of California, Berkeley http://faculty.haas.berkeley.edu/odean/ Title: "Unrecognized Risk Taking in Financial Markets" Abstract Risk-taking is an essential activity in financial markets. Standard models assume that economic agents pay attention to all relevant information, are unbiased in their assessment of risk, and dispassionately match the risks they take to consistent preferences. In practice, however, investors have limited attention, display persistent biases when assessing risk, and have inconsistent preferences. Furthermore, risk-taking is influenced by emotions. Thus investors often take risks that they neither recognize nor intend to take. Those who rely on mathematical models may actually be more, not less, prone to unintended risk-taking. About Terrance Odean Terrance Odean is the Rudd Family Foundation Professor and Chair of the Finance Group at the Haas School of Business at the University of California, Berkeley. He is a member of the Journal of Investment Consulting editorial advisory board, of the Russell Sage Behavioral Economics Roundtable, of the WU Gutmann Center Academic Advisory Board at the Vienna University of Economics and Business and is a Wall Street Journal Expert Panelist. He has been an editor and an associate editor of the Review of Financial Studies, an associate editor of the Journal of Finance, a co-editor of a special issue of Management Science, an associate editor at the Journal of Behavioral Finance, a director of UC Berkeley's Experimental Social Science Laboratory, a member of the Russell Investments Academic Advisory Board, a visiting professor at the University of Stavanger, Norway, and the Willis H. Booth Professor of Finance and Banking. As an undergraduate at Berkeley, Odean studied Judgment and Decision Making with the 2002 Nobel Laureate in Economics, Daniel Kahneman. This led to his current research focus on how psychologically motivated decisions affect investor welfare and securities prices. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at<http://www.gutmann-center.at> Please contact gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> if you do not wish to receive any further invitations from us!

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[VFN] Univ.Ass. JK-Uni Linz Inst. f. Betriebl. Finanzwirtschaft (fwd)
by VFN-L admin * Andreas Schamanek 01 Jun '16

01 Jun '16

---------- Forwarded message ---------- Date: Wed, 01 Jun 2016 10:16:14 +0200 From: Bettina Raab <Bettina.Raab(a)jku.at> To: vfn-l(a)fam.tuwien.ac.at Die Johannes Kepler Universität Linz ist mit 20.000 Studierenden und 2.700 MitarbeiterInnen Oberösterreichs größte Bildungs- und Forschungseinrichtung. An vier Fakultäten – darunter seit 2014 die neu gegründete Medizinische Fakultät – bietet die JKU rund 60 Studienrichtungen an. Zur Verstärkung unseres Teams suchen wir zum ehestmöglichen Zeitpunkt eine/n Universitätsassistent/in Institut für Betriebliche Finanzwirtschaft, Abteilung für Asset Management Anzeigennummer 3102 Ihre Aufgaben: - Engagierte Lehr- und Forschungstätigkeit (Doktorarbeit) - Übernahme administrativer Aufgaben & Unterstützung des Abteilungsleiters & Teams Ihr Profil: - sehr guter Universitätsabschluss Wirtschaftswissenschaften/Finance mit ev. ersten beruflichen Erfahrungen in der Finanzindustrie - Beherrschung gängiger statistischer Analysemethoden Nähere Auskünfte erteilt der Abteilungsleiter Univ.-Prof. Dr. Teodoro D. Cocca, T +43 732 2468 7211, E-Mail: teodoro.cocca(a)jku.at. Das kollektivvertragliche Mindestgehalt beträgt € 2.696,50 brutto pro Monat. Bei gleicher Qualifikation werden Frauen bevorzugt aufgenommen. Bewerbungsfristende 15.6.2016. -- Bettina Raab Institutsreferentin Asset Management / Betriebliche Finanzwirtschaft JOHANNES KEPLER UNIVERSITÄT LINZ Altenberger Straße 69 Managementzentrum, 3. Stock, Trakt A, Raum Nr. 311 4040 Linz, Österreich T +43 732 2468 7212 bettina.raab(a)jku.at www.ibfw.jku.at

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[VFN] INVITATION June 14: WU Gutmann Center Public Lecture - Terrance Odean: Unrecognized Risk Taking in Financial Markets
by gutmann-center＠wu.ac.at 18 May '16

18 May '16

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) Date: June 14 (Tuesday), 2016 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Terrance Odean http://faculty.haas.berkeley.edu/odean/ Title: "Unrecognized Risk Taking in Financial Markets" Abstract Risk-taking is an essential activity in financial markets. Standard models assume that economic agents pay attention to all relevant information, are unbiased in their assessment of risk, and dispassionately match the risks they take to consistent preferences. In practice, however, investors have limited attention, display persistent biases when assessing risk, and have inconsistent preferences. Furthermore, risk-taking is influenced by emotions. Thus investors often take risks that they neither recognize nor intend to take. Those who rely on mathematical models may actually be more, not less, prone to unintended risk-taking. About Terrance Odean Terrance Odean is the Rudd Family Foundation Professor and Chair of the Finance Group at the Haas School of Business at the University of California, Berkeley. He is a member of the Journal of Investment Consulting editorial advisory board, of the Russell Sage Behavioral Economics Roundtable, of the WU Gutmann Center Academic Advisory Board at the Vienna University of Economics and Business and is a Wall Street Journal Expert Panelist. He has been an editor and an associate editor of the Review of Financial Studies, an associate editor of the Journal of Finance, a co-editor of a special issue of Management Science, an associate editor at the Journal of Behavioral Finance, a director of UC Berkeley's Experimental Social Science Laboratory, a member of the Russell Investments Academic Advisory Board, a visiting professor at the University of Stavanger, Norway, and the Willis H. Booth Professor of Finance and Banking. As an undergraduate at Berkeley, Odean studied Judgment and Decision Making with the 2002 Nobel Laureate in Economics, Daniel Kahneman. This led to his current research focus on how psychologically motivated decisions affect investor welfare and securities prices. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at<http://www.gutmann-center.at> Please contact gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> if you do not wish to receive any further invitations from us!

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[VFN] INVITATION: Investment Talk June 15th with Sheridan Titman
by si-researchcenter 04 May '16

04 May '16

INVITATION (apologies for duplicated mails!) We are pleased to invite you to our next Investment Talk, organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and provides a platform for exchange in the field of asset management between academics, practitioners and the public. INVESTMENT TALK Date: Wednesday, June 15th, 2016 at 4 pm Speaker: SHERIDAN TITMAN Topic: "Stock Return Predictability" ABSTRACT: Stock returns have exhibited substantial cross-sectional predictability over the past 50 years. In addition to relatively short-term predictability that relates to return reversals and momentum, there is strong evidence of longer-term predictability that relates to firm fundamentals, like value, profitability and asset growth. There are three possible explanations for this evidence of long-term cross-sectional predictability. The first is that the observed return premiums are compensation for systematic risk, the second is that these observations are the product of data mining, and the third is that investors made a mistake about a systematic source of risk. Our analysis supports the third explanation and identifies a particular source of a mistake that relates to the perceived innovation climate, which influences both the creation and destruction of businesses. SHERIDAN TITMAN holds the McAllister Centennial Chair in Financial Services at the University of Texas at Austin and is a Research Associate of the National Bureau of Economic Research. Prior to joining the faculty at the University of Texas, Sheridan was a Professor at UCLA, the Hong Kong University of Science and Technology and Boston College and spent the 1988-89 academic year in Washington D.C. as the special assistant to the Assistant Secretary of the Treasury for Economic Policy. Sheridan's academic publications include both theoretical and empirical articles on asset pricing, corporate finance, energy finance, real estate finance and urban economics. He has also co-authored three finance textbooks, Financial Markets and Corporate Strategy, Valuation: The Art and Science of Corporate Investment Decisions, and Financial Management: Principles and Applications. He won the Smith-Breeden best paper award for the Journal of Finance, the GSAM best paper award for the Review of Finance and was a recipient of the Batterymarch Fellowship. Sheridan has served on the editorial boards of leading academic journals, including the Journal of Finance and the Review of Financial Studies and has served as President of both the Western Finance Association and the American Finance Association and has served as a Director of the American Finance Association, the Western Finance Association, the Financial Management Association and the Asia Pacific Finance Association. He is currently the Vice President of the American Real Estate and Urban Economics Association. Sheridan has a B.S. from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University. REGISTRATION is required. We kindly ask to register before June 8th at si-researchcenter(a)wu.ac.at LOCATION: TU Wien BA Chemie Hochhaus, Entrance 10, 11th upper floor, TUtheSky - Conference room 1060 Vienna, Getreidemarkt 9 PARKING FACILITIES: Wipark Operngasse 13 or Wipark Lehargasse 4. Public transport: U1, U2, U4 Karlsplatz (5 minutes walking distance) U2 Museumsquartier 57A Getreidemarkt TU building plan: http://www.si-researchcenter.at/events/investment-talk Contact and further information: WU, Institute for Finance, Banking and Insurance , attn. Martina Schlichting, 1020 Vienna, Welthandelsplatz 1, Building D4, Level 4 Phone: +43 1 31336 6315 Mail: si-researchcenter(a)wu.ac.at, web: www.si-researchcenter.at

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[VFN] Stellenausschreibung Universitätsassistent/in mit Doktorat
by Sommersguter-Reichmann, Margit (margit.sommersguter＠uni-graz.at) 27 Apr '16

27 Apr '16

Sehr geehrte Damen und Herren, wir möchten Sie hiermit auf die Ausschreibung einer Stelle einer/eines Universitätsassistentin/Universitätsassistenten mit Doktorat am Institut für Finanzwirtschaft der Universität Graz unter nachstehendem Link aufmerksam machen: https://online.uni-graz.at/kfu_online/wbMitteilungsblaetter_neu.display?pNr… Mit freundlichen Grüßen, Margit Sommersguter-Reichmann Margit Sommersguter-Reichmann, ao. Univ.-Prof., Mag. Dr. Universitaet Graz, Institut für Finanzwirtschaft Univ.str. 15, G2 A-8010 Graz Tel. +43 316 380 3516 Fax +43 316 380 9555

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[VFN] Vienna Congress on Mathematical Finance
by Thorsten Rheinlaender 07 Apr '16

07 Apr '16

+--------------------- | | VCMF 2016 - Vienna, Austria | | Vienna Congress on Mathematical Finance | Mon-Wed, September 12-14, 2016 | | VCMF Educational Workshop | Thu-Fri, September 15-16, 2016 | | https://fam.tuwien.ac.at/vcmf2016/ | +------------------------------------------------- Dear Colleagues and Friends, I would like to draw your attention to VCMF 2016, the "Vienna Congress on Mathematical Finance" and "VCMF Educational Workshop", taking place in Vienna in September this year. The three-day congress covers recent topics from various fields of Mathematical Finance such as Limit Order Book and High-Frequency Trading, Credit and Systemic Risk, Computational Methods and Calibration, New Financial Markets, Stochastic Volatility Models as well as Risk Measures and Optimization. It offers leading experts and academics alike the opportunity for scientific debate. The program is rounded off by a two-day educational workshop led by internationally recognized experts for young researchers. The talks and introductory courses offer an excellent learning opportunity and time for discussion on various relevant topics. The organisers Vienna University of Economics and Business (WU Wien), Vienna University of Technology (TU Wien) and University of Vienna are excited about the joint organisation of VCMF 2016 and look forward to the participation of national and international participants. The call for contributed talks & posters is open until April 30, 2016. We thank you for your interest and would like to ask whether you would disseminate this information to interested colleagues. We look forward to welcoming you in Vienna! With best regards from the VCMF 2016 Organisers, Mathias Beiglböck, Christa Cuchiero, Rüdiger Frey, Stefan Gerhold, Friedrich Hubalek, Irene Klein, Thorsten Rheinländer, Birgit Rudloff, Walter Schachermayer, Uwe Schmock -- ___________________________________ Prof. Dr. Thorsten Rheinländer Vienna University of Technology Financial and Actuarial Mathematics Wiedner Hauptstrasse 8-10/E105-1 1040 Vienna, Austria

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[VFN] 31. Workshop der AWG
by office＠bwg.at 31 Mar '16

31 Mar '16

Die Austrian Working Group on Banking and Finance (AWG) der Österreichischen Bankwissenschaftlichen Gesellschaft (BWG), Wien, organisiert in Zusammenarbeit mit der Alpen-Adria Universität Klagenfurt, Abteilung für Finance and Accounting, den 31. WORKSHOP der AWG 25./26 November 2016 First CALL for PAPERS Der Workshop findet am Freitag, 25. November 2016 (Nachmittag) und am Samstag, 26. November 2016 (Vormittag) an der Alpen-Adria Universität Klagenfurt statt. Bezüglich der Themen gibt es keine Einschränkung. Papers oder Extended Abstracts (ca. 2 Seiten) – vorzugsweise in englischer Sprache – sind bis spätestens 14. Oktober 2016 per eMail einzureichen an: awg31(a)aau.at Um den angestrebten Workshop-Charakter der Veranstaltung zu fördern, kann jeder Vortrag durch eine/n Discussant besprochen werden. Teilnehmende, die eine solche Vorgangsweise wünschen, werden gebeten, ihr Manuskript bis 30. September 2016 einzureichen. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmende: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker/innen in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte: (Auszug) Asset Pricing – Banking – Behavioral Economics – Central Banking and Regulation – Corporate Finance – Corporate Governance - Derivatives – Empirical Finance – Experimental Finance – Financial Econometrics – Financial Economics - Financial Innovations – International Finance – Market Microstructure – Performance Measurement – Portfolio Analysis – Real Estate Finance – Risk Management – Security Analysis. Die Teilnahme am Workshop ist KOSTENLOS.

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[VFN] Announcement: 9th European Summer School in Financial Mathematics
by summerschoolmathfi 15 Mar '16

15 Mar '16

Dear all, We are glad to announce the 9th European Summer School in Financial Mathematics, which will be held in Pushkin, close to St. Petersburg, from August 29th to September 2nd 2016. Main lectures will be given by B. Bouchard, K. Kardaras, J. Ruf, N. Touzi and M. Zhiltukhin. We invite applications from PhD students and early career researchers. Grants covering accommodation and travel expenses will be provided to accepted participants. Please visit the web page of the summer school for more information: http://www.cmap.polytechnique.fr/~euroschoolmathfi16/ Deadline for applications is April 30th. Please follow the instructions on the web page to apply. We count on your participation to make this ninth summer school a success, just as the previous editions have been! Please feel free to circulate this announcement. With our best regards, The organising committee: Youri Kabanov, Aleksey Muravlev, Albert Shiryaev, Peter Tankov, Nizar Touzi, Mikhail Zhiltukhin

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[VFN] REMINDER: INVITATION March 3: WU Gutmann Center Public Lecture - Sunil Wahal: Chasing "The demand for diversification in incomplete markets"
by gutmann-center＠wu.ac.at 23 Feb '16

23 Feb '16

REMINDER of the INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) Date: March 3 (Thursday), 2016, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Sunil Wahal https://webapp4.asu.edu/directory/person/825492 Title: "The demand for diversification in incomplete markets" Abstract Endogenous diversification in a market with incomplete information generates a state-dependent premium for bearing idiosyncratic risk because time series variation in average idiosyncratic risk affects the disutility of under-diversification. This idea delivers a metric that maps the marginal disutility of under-diversification to the covariance of idiosyncratic risk with average idiosyncratic risk. The metric helps explain the cross-section of returns in the US between 1973 and 2014, especially in periods of low average idiosyncratic risk. In such periods, portfolios tests generate intercepts from three and five-factor models that are economically large, and present in both small and large capitalization stocks. We observe similarly large intercepts in markets outside the US, particularly in large stocks. About Sunil Wahal Dr. Sunil Wahal is the Jack D. Furst Professor of Finance at ASU W. P. Carey School of Business. Before joining the ASU faculty in 2005, Dr. Wahal was on the faculty at the Goizueta Business School, Emory University, and at the Krannert School of Management, Purdue University. He received his Ph.D. in finance from University of North Carolina, Chapel Hill in 1995. Dr Wahal's research focuses on trading issues (market microstructure), short and long-horizon trading strategies, and delegated portfolio management for mutual funds and institutional investors. He has published extensively in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies and numerous other journals. He is a consultant to Dimensional Fund Advisors, advises a number of investment committees, and regularly interfaces with practitioners in a variety of ways. He is a regular speaker at academic and practitioner conferences. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at<http://www.gutmann-center.at> Please contact gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> if you do not wish to receive any further invitations from us!

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[VFN] INVITATION March 3: WU Gutmann Center Public Lecture - Sunil Wahal: Chasing "The demand for diversification in incomplete markets"
by gutmann-center＠wu.ac.at 09 Feb '16

09 Feb '16

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) Date: March 3 (Thursday), 2016, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Sunil Wahal https://webapp4.asu.edu/directory/person/825492 Title: "The demand for diversification in incomplete markets" Abstract Endogenous diversification in a market with incomplete information generates a state-dependent premium for bearing idiosyncratic risk because time series variation in average idiosyncratic risk affects the disutility of under-diversification. This idea delivers a metric that maps the marginal disutility of under-diversification to the covariance of idiosyncratic risk with average idiosyncratic risk. The metric helps explain the cross-section of returns in the US between 1973 and 2014, especially in periods of low average idiosyncratic risk. In such periods, portfolios tests generate intercepts from three and five-factor models that are economically large, and present in both small and large capitalization stocks. We observe similarly large intercepts in markets outside the US, particularly in large stocks. About Sunil Wahal Dr. Sunil Wahal is the Jack D. Furst Professor of Finance at ASU W. P. Carey School of Business. Before joining the ASU faculty in 2005, Dr. Wahal was on the faculty at the Goizueta Business School, Emory University, and at the Krannert School of Management, Purdue University. He received his Ph.D. in finance from University of North Carolina, Chapel Hill in 1995. Dr Wahal's research focuses on trading issues (market microstructure), short and long-horizon trading strategies, and delegated portfolio management for mutual funds and institutional investors. He has published extensively in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies and numerous other journals. He is a consultant to Dimensional Fund Advisors, advises a number of investment committees, and regularly interfaces with practitioners in a variety of ways. He is a regular speaker at academic and practitioner conferences. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at<http://www.gutmann-center.at> Please contact gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> if you do not wish to receive any further invitations from us!

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[VFN] CfA: Full Prof. of Financial Mathematics (U. of Vienna)
by VFN-L admin * Andreas Schamanek 06 Feb '16

06 Feb '16

The Faculty of Mathematics of the University of Vienna announces the full time, permanent position of a Full Professor of Financial Mathematics. Applications should be submitted until May 1, 2016. For details see http://personalwesen.univie.ac.at/fuer-mitarbeiterinnen/professorinnen/job/… (= http://goo.gl/ByMh9j ) > German announcement An der Fakultät für Mathematik der Universität Wien ist die Stelle einer Universitätsprofessorin bzw. eines Universitätsprofessors für Finanzmathematik zu besetzen (privatrechtliches Dienstverhältnis, Vollbeschäftigung, unbefristet). Bewerbungen sind möglich bis spätestens 1. Mai 2016. Details unter http://personalwesen.univie.ac.at/fuer-mitarbeiterinnen/professorinnen/job/… (= http://goo.gl/yM8kVh ) ***

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[VFN] Call for applications: WU Wien
by Rogaunig, Nicole 04 Feb '16

04 Feb '16

Dear Sir or Madam! WU (Vienna University of Economics and Business) is currently inviting applications for two positions at the Department of Finance, Accounting and Statistics at Full Professor level (duration of employment is 5 years, temporary replacement position). · Full Professor of Banking and Finance http://www.wu.ac.at/fileadmin/wu/h/structure/servicecenters/hr/Mitteilungsb… · Full Professor of Investments and Energy Markets http://www.wu.ac.at/fileadmin/wu/h/structure/servicecenters/hr/Mitteilungsb… Applications must be submitted by March 9th, 2016. Kind regards, Nicole Rogaunig _________________________________________ Dipl.-Kff. Nicole Rogaunig Stabsstelle für Berufungsangelegenheiten Faculty Recruiting WU Wirtschaftsuniversität Wien Vienna University of Economics and Business Welthandelsplatz 1, Gebäude AD 1020 Wien, Austria Tel: +43-1-31336-4079 Fax: +43-1-31336-904079 Email: nicole.rogaunig(a)wu.ac.at<mailto:nicole.rogaunig@wu.ac.at> http://www.wu.ac.at<http://www.wu.ac.at/>

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[VFN] INVITATION Dec 15: WU Gutmann Center Public Lecture - Marcin Kacperczyk: Chasing Private Information
by Mürmann, Alexander 09 Dec '15

09 Dec '15

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) Date: December 15 (Tuesday), 2015, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Marcin Kacperczyk http://www.imperial.ac.uk/people/m.kacperczyk Title: "Chasing Private Information" Abstract Using a sample of 3,586 illegal insider trades documented by the SEC, we examine whether asset prices and volume reveal firm-specific private information to markets. We find that information embedded in equity markets is a weak signal of private information. In turn, information embedded in option markets offers a strong signal of informed trading. We show that volume is generally more informative about insider trading than are prices. Further, we show that the impact of insider trades persists irrespective of whether insiders trade strategically or not. Finally, we document significant information spillovers from equity to option markets, but not vice versa. Overall, our results provide strong and novel guidance in the search for private information. About Marcin Kacperczyk Marcin Kacperczyk is a Professor of Finance at Imperial College London. He is also a Research Associate at the Center for Economic Policy Research, a former Faculty Research Fellow at the National Bureau of Economic Research, and Associate Editor at the Review of Financial Studies and Review of Finance. His research has been published in leading academic and practitioner journals, including Econometrica, the Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies. His work has been widely covered by media, such as CNN, CNBC, Bloomberg, WSJ, FT, NYT, Business Week, U.S. News, and Washington Post. Two of his papers have been nominated for the Smith Breeden Prize, and received the Spängler IQAM Prize for the best paper published in the Review of Finance. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at<http://www.gutmann-center.at> Please contact gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> if you do not wish to receive any further invitations from us!

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[VFN] INVITATION Dec 15: WU Gutmann Center Public Lecture - Marcin Kacperczyk: Chasing Private Information
by Mürmann, Alexander 25 Nov '15

25 Nov '15

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) Date: December 15 (Tuesday), 2015, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Marcin Kacperczyk http://www.imperial.ac.uk/people/m.kacperczyk Title: "Chasing Private Information" Abstract Using a sample of 3,586 illegal insider trades documented by the SEC, we examine whether asset prices and volume reveal firm-specific private information to markets. We find that information embedded in equity markets is a weak signal of private information. In turn, information embedded in option markets offers a strong signal of informed trading. We show that volume is generally more informative about insider trading than are prices. Further, we show that the impact of insider trades persists irrespective of whether insiders trade strategically or not. Finally, we document significant information spillovers from equity to option markets, but not vice versa. Overall, our results provide strong and novel guidance in the search for private information. About Marcin Kacperczyk Marcin Kacperczyk is a Professor of Finance at Imperial College London. He is also a Research Associate at the Center for Economic Policy Research, a former Faculty Research Fellow at the National Bureau of Economic Research, and Associate Editor at the Review of Financial Studies and Review of Finance. His research has been published in leading academic and practitioner journals, including Econometrica, the Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies. His work has been widely covered by media, such as CNN, CNBC, Bloomberg, WSJ, FT, NYT, Business Week, U.S. News, and Washington Post. Two of his papers have been nominated for the Smith Breeden Prize, and received the Spängler IQAM Prize for the best paper published in the Review of Finance. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at<http://www.gutmann-center.at> Please contact gutmann-center(a)wu.ac.at<mailto:gutmann-center@wu.ac.at> if you do not wish to receive any further invitations from us!

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[VFN] Programm 30. Workshop der AWG
by office＠bwg.at 27 Oct '15

27 Oct '15

Sehr geehrte Damen und Herren! Die Austrian Working Group on Banking and Finance (AWG) der Österreichischen Bankwissenschaftlichen Gesellschaft (BWG), Wien, organisiert in Zusammenarbeit mit der Karl-Franzens-Universität Graz, Institut Für Banken und Finanzierung, den 30. WORKSHOP der AWG am 27. und 28. November 2015 Wir dürfen Ihnen nachstehend den Link zum Programm und zur Anmeldung übersenden und würden uns über Ihr Interesse freuen. http://bwg.at/bwg/bwg_v4.nsf/sysPages/30workshopawg.html/$file/Programm_AWG… Mit freundlichen Grüßen Markus Bunk ___________________________ Dr. Markus Bunk Geschäftsführer Österreichische Bankwissenschaftliche Gesellschaft Eßlinggasse 17/5, A-1010 Wien T: +431 533 50 50 F: +431 533 50 50 33 E: office(a)bwg.at Internet: www.bwg.at

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[VFN] Spängler IQAM Research Center Investment Seminar am 23. November 2015, “Herausforderungen und Trends für Pensionsfonds”
by Schlichting, Martina 09 Oct '15

09 Oct '15

EINLADUNG (Bitte entschuldigen Sie doppelte Zusendungen!) INVESTMENT SEMINAR Spängler IQAM Research Center 14:00 Begrüßung ZUKUNFTSMODELL KAPITALGEDECKTE PENSIONSVORSORGE? (Session 1) Moderator: Univ.-Prof. Dr. Dr.h.c. Josef Zechner (Professor of Finance, WU Wirtschaftsuniversität Wien, Stv. Vorsitzender des Aufsichtsrats und Mitglied der Wissenschaftlichen Leitung, Spängler IQAM Invest) 14:15 Umlage und Kapitaldeckung: Die verfreundeten Geschwister Prof. Dr. Dr.h.c. Bert Rürup (Präsident des Handelsblatt Research Institute, Düsseldorf und eh. „Wirtschaftsweiser“) 14:45 Strategien und Herausforderungen der Schweizer Pensionskassen – Lehren für Österreich Christoph Oeschger (Geschäftsführer der Avadis Vorsorge AG und Stiftungsrat der Avadis Anlagestiftung, Baden, Schweiz) 15:15 Diskussion HERAUSFORDERUNGEN UND TRENDS FÜR PENSIONSFONDS (Session 2) Moderator: Univ.-Prof. DDr. Thomas Dangl (Professor of Finance, TU Technische Universität Wien und Mitglied der Wissenschaftlichen Leitung, Spängler IQAM Invest GmbH) 16:15 Responsible Investing | Vortrag in englischer Sprache Elroy Dimson (Emeritierter Professor der London Business School, Chairman des Newton Centre for Endowment Asset Management der Cambridge Judge Business School sowie Vorsitzender des Strategierates des staatlichen norwegischen Pensionsfonds) 16.45 Diskussion mit anschließender PODIUMSDISKUSSION: Herausforderungen und Trends für Pensionsfonds Moderator: Univ.-Prof. Dr. Dr.h.c. Josef Zechner Einleitendes Impulsreferat von Paul Wessling (Fachkreisleitung Kapitalanlagen & Asset Management, Vereinigung der Versicherungs-Betriebswirte, VVB Köln) Diskussionsteilnehmer: Christoph Oeschger, Prof. Dr. Dr.h.c. Bert Rürup, Dr. Thomas Steinberger (CIO, Geschäftsführer und Mitglied der Wissenschaftlichen Leitung, Spängler IQAM Invest GmbH) und Paul Wessling UM ANMELDUNG BIS 16. NOVEMBER WIRD GEBETEN unter si-researchcenter(a)wu.ac.at<mailto:si-researchcenter@wu.ac.at> Ort: Oesterreichische Kontrollbank, Reitersaal (EG) 1010 Wien, Strauchgasse 3 Anfahrt - mit öffentlichen Verkehrsmitteln: U3 bis Station Herrengasse (Ausgang Herrengasse) - mit dem Auto: Kostenpflichtige Parkmöglichkeiten in der Parkgarage am Hof (Am Hof 1, 1010 Wien) oder Freyung (Herrengasse, 1010 Wien) Kontakt: WU, Department of Finance, Accounting and Statistics 1020 Wien, Welthandelsplatz 1, Gebäude D4, 4. Stock attn. Martina Schlichting Tel: +43 1 31336 6315 Mail: si-researchcenter(a)wu.ac.at<mailto:si-researchcenter@wu.ac.at>, Web: www.si-researchcenter.at<http://www.si-researchcenter.at>

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[VFN] 30. Workshop der AWG
by zivota＠bwg.at 30 Sep '15

30 Sep '15

Betreff: [VFN] 30. Workshop der AWG Die Austrian Working Group on Banking and Finance (AWG) der Österreichischen Bankwissenschaftlichen Gesellschaft (BWG), Wien, organisiert in Zusammenarbeit mit der Karl-Franzens-Universität Graz, Institut Für Banken und Finanzierung, den 30. WORKSHOP der AWG 27./28. November 2015 LAST CALL for PAPERS Der Workshop findet am Freitag, 27. November 2015 (Nachmittag) und am Samstag, 28. November 2015 (Vormittag) an der Karl-Franzens-Universität Graz statt. Bezüglich der Themen gibt es keine Einschränkung. Papers oder Extended Abstracts (ca. 2 Seiten) – vorzugsweise in englischer Sprache – sind bis spätestens 15. Oktober 2015 per eMail einzureichen an: awg30(a)uni-graz.at Um den angestrebten Workshop-Charakter der Veranstaltung zu fördern, kann jeder Vortrag durch eine/n Discussant besprochen werden. Teilnehmende, die eine solche Vorgangsweise wünschen, werden gebeten, ihr Manuskript bis 1. Oktober 2015 einzureichen. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmende: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker/innen in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte: (Auszug) Asset Pricing – Banking – Behavioral Economics – Central Banking and Regulation – Corporate Finance – Corporate Governance - Derivatives – Empirical Finance – Experimental Finance – Financial Econometrics – Financial Economics - Financial Innovations – International Finance – Market Microstructure – Performance Measurement – Portfolio Analysis – Real Estate Finance – Risk Management – Security Analysis. Die Teilnahme am Workshop ist KOSTENLOS. UNIVERSITY OF GRAZ, INSTITUTE OF BANKING AND FINANCE, 30th WORKSHOP AUSTRIAN WORKING GROUP ON BANKING & FINANCE 27-28 November 2015 Organized in cooperation with Austrian Society for Bank Research (BWG), Vienna. Second CALL for PAPERS Workshop: Friday Nov 27 2015 (afternoon), Saturday Nov 28 November 2015 (morning). Those wishing to present their research at the workshop are invited to submit a full paper or a detailed abstract of about 2 pages until 15 October 2015 via e-mail to: awg30(a)uni-graz.at Those who wish to have (in addition to comments and recommendations from the audience) a discussant for their paper should indicate this when submitting the paper. In this case a full paper has to be submitted by 1 October 2015. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE Aim: The aim of the workshop is to offer a forum for discussion of theoretical and empirical research in all areas of banking and finance throughout Austria. Participants: All researchers (especially also junior researchers) at universities and other research institutions as well as practitioners of the financial industry (including finance departments of industrial and service companies) are highly welcome to submit and present their research. Junior researchers are for example encouraged to present one of their PhD thesis papers/projects. Topics: (Selection) Asset Pricing – Banking – Behavioral Economics – Central Banking and Regulation – Corporate Finance – Corporate Governance - Derivatives – Empirical Finance – Experimental Finance – Financial Econometrics – Financial Economics - Financial Innovations – International Finance – Market Microstructure – Performance Measurement – Portfolio Analysis – Real Estate Finance – Risk Management – Security Analysis. There is NO submission or registration fee for the workshop.

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[VFN] WG: INVITATION: Investment Talk June29th - Vasant Naik
by si-researchcenter 23 Jun '15

23 Jun '15

INVITATION - REMINDER (apologies for duplicated mails!) We are pleased to invite you to our next Investment Talk, organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and provides a platform for exchange in the field of asset management between academics, practitioners and the public. INVESTMENT TALK Date: Monday, June 29th, 2015 at 4 pm Speaker: VASANT NAIK Topic: "Quantitative Valuation Metrics and Macro Investing" ABSTRACT: My talk will explore the design and use of quantitative valuation metrics in assessing the balance of risk and reward in macro markets: global equities, global duration and credit. We will also attempt to glean investment insights from the current readings of some of these metrics and discuss the construction of optimal portfolios of these assets in the present environment. Vasant Naik is Executive Vice President and Global Head of the Empirical Research of PIMCO, London. Please find further information at http://europe.pimco.com/EN/Experts/Pages/Vasant-Naik.aspx REGISTRATION is required. We kindly ask to register at si-researchcenter(a)wu.ac.at LOCATION: TU Wien BA Chemie Hochhaus, Entrance 10, 11th upper floor, TUtheSky - Conference room 1060 Vienna, Getreidemarkt 9 The TU building plan you can find here: http://www.si-researchcenter.at/events/investment-talk PARKING FACILITIES: Wipark Operngasse 13 oder Wipark Lehargasse 4. Public transport: U1, U2, U4 Karlsplatz (5 minutes walking distance) U2 Museumsquartier 57A Getreidemarkt TU building plan: http://www.si-researchcenter.at/events/investment-talk Contact and further information: WU, Institute for Finance, Banking and Insurance attn. Martina Schlichting Welthandelsplatz 1, Building D4, Level 4 1020 Vienna Phone: +43 1 31336 6315 Mail: si-researchcenter(a)wu.ac.at, Web: www.si-researchcenter.at

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[VFN] INVITATION: Investment Talk June29th - Vasant Naik
by si-researchcenter 01 Jun '15

01 Jun '15

INVITATION (apologies for duplicated mails!) We are pleased to invite you to our next Investment Talk, organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and provides a platform for exchange in the field of asset management between academics, practitioners and the public. INVESTMENT TALK Date: Monday, June 29th, 2015 at 4 pm Speaker: VASANT NAIK Topic: "Quantitative Valuation Metrics and Macro Investing" ABSTRACT: My talk will explore the design and use of quantitative valuation metrics in assessing the balance of risk and reward in macro markets: global equities, global duration and credit. We will also attempt to glean investment insights from the current readings of some of these metrics and discuss the construction of optimal portfolios of these assets in the present environment. Vasant Naik is Executive Vice President and Global Head of the Empirical Research of PIMCO, London. Please find further information at http://europe.pimco.com/EN/Experts/Pages/Vasant-Naik.aspx REGISTRATION is required. We kindly ask to register before June 22nd at si-researchcenter(a)wu.ac.at LOCATION: TU Wien BA Chemie Hochhaus, Entrance 10, 11th upper floor, TUtheSky - Conference room 1060 Vienna, Getreidemarkt 9 The TU building plan you can find here: http://www.si-researchcenter.at/events/investment-talk PARKING FACILITIES: Wipark Operngasse 13 oder Wipark Lehargasse 4. Public transport: U1, U2, U4 Karlsplatz (5 minutes walking distance) U2 Museumsquartier 57A Getreidemarkt TU building plan: http://www.si-researchcenter.at/events/investment-talk Contact and further information: WU, Institute for Finance, Banking and Insurance attn. Martina Schlichting Welthandelsplatz 1, Building D4, Level 4 1020 Vienna Phone: +43 1 31336 6315 Mail: si-researchcenter(a)wu.ac.at, Web: www.si-researchcenter.at

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[VFN] reminder: book launch Quantitative Risk Management 10.6. 15.30-18.30
by Ruediger Frey 26 May '15

26 May '15

We are happy to announce the completion of the second, fully revised edition of our book Quantitative Risk Management: Concepts, Techniques and Tools (Princeton University Press) In order to celebrate this event there will be a workshop and book-launch featuring talks by Alex McNeil and Paul Embrechts, a book presentation and a reception. Moreover, it will be possible to buy the new edition of the book at a reduced rate and to have it signed by the authors. Date and venue: *June 10, 2015, 15:30-18:30,* WU, Executive Academy, Foyer Further details under http://www.wu.ac.at/statmath/detail-statmath/news/detail/News/quantitative-… If you want to attend please send an email to Karin Haupt, karin.haupt(a)wu.ac.at by june, 1st. Participation is free of charge. We are looking forward to welcoming you at the event Rüdiger Frey, Paul Embrechts and Alex McNeil -- Prof. Ruediger Frey Institute for Statistics and Mathematics WU Vienna Welthandelsplatz 1, Building D4 A-1020 Vienna, Austria email: ruediger.frey(a)wu.ac.at web: http://statmath.wu.ac.at/~frey/

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[VFN] INVITATION May 21: WU Gutmann Center Public Lecture - Rossen Valkanov: Complexity in Structured Finance: Financial Wizardry or
by Alois Geyer 14 May '15

14 May '15

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) ************************************************************************ Date: May 21 (Thursday), 2015, 4:00 pm PLEASE NOTE: THE LOCATION IS DIFFERENT FROM USUAL PUBLIC LECTURES! Location: WU University of Economics and Business Vienna Library and Learning Center, LC - Festsaal 2 1020 Vienna, Welthandelsplatz 1 Speaker: Prof. Rossen Valkanov, http://rady.ucsd.edu/faculty/directory/valkanov/ Title: Complexity in Structured Finance: Financial Wizardry or Smoke and Mirrors? ABSTRACT: We use data from prospectus supplements to create measures of the complexity of We We use data from prospectus supplements to create measures of the complexity of securitized products. We find that securities in more complex deals default more. However, yields of more complex securities are not higher at issuance indicating that investors do not perceive such assets as more likely to default. The relation between complexity and default is not primarily due to issuers masking low quality loans as it persists after controlling for the collateral default rate. Rather than creating safer securities, complexity disadvantages more senior securities within a deal. Rating agencies are more lenient in rating complex deals. About Rossen Valkanov: Rossen Valkanov is Professor of Finance at the Rady School of Management at the University of California, San Diego (UCSD). He received his Ph.D. in economics from Princeton University. In 1999, he became an assistant professor of finance at UCLA's Anderson School of Management where he remained until his appointment at UC San Diego. From 2001 to present he teaches empirical finance at the University of California, Berkeley's Haas School of Management. He is also a guest professor of the PhD program at the Vienna Graduate School of Finance (VGSF). Rossen Valkanov is a member of many professional organizations including the American Finance Association, the American Economic Association, the Econometric Society and the Bachelier Society. His research focusses on empirical asset pricing, financial econometrics, portfolio choice, monetary policy, and real estate . More information about Rossen Valkanov: http://rady.ucsd.edu/faculty/directory/valkanov/ **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at

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[VFN] BEWERBUNGEN noch möglich: Masterstudiengang "Quantitative Asset and Risk Management" (ARIMA)
by Helmreich, Silvia 07 May '15

07 May '15

Sehr geehrte Damen und Herren, Der Studiengang "Quantitative Asset and Risk Management" (kurz: ARIMA) startet heuer im Herbst zum siebenten Mal und unsere AbsolventInnen haben hervorragende Chancen auf dem momentan doch recht schwierigen Arbeitsmarkt. Gerade im Bereich "Risikomanagement" suchen Banken und Versicherungen verstärkt Personal, um den regulatorischen Herausforderungen - Basel III, Solvency II - gerecht werden zu können. ***Für das kommende Studienjahr 2015/16 werden noch Bewerbungen bis zum 31.05.2015 entgegen genommen.*** Internationalisierung: Die Entwicklung dieses Programmes erfolgte gemeinsam mit internationalen Partneruniversitaeten und wurde von der EU als Joint Degree Curriculum Development Programm gefoerdert. Im 4. Semester findet daher ein verpflichtender Auslandsaufenthalt (mindestens zwei Wochen) bei einer der Partneruniversitaeten in Bologna, Iasi oder Katowice statt. Daraus ergibt sich auch, dass die Unterrichtssprache durchgaengig Englisch ist. Weitere Möglichkeiten zum Studierendenaustausch besteht mit der University of Xiamen (China) und der Higher School of Economics in Moskau. Das Ziel von ARIMA besteht darin, den Studierenden ein umfassendes Verstaendnis ueber die Zusammenhaenge zwischen Asset- und Risikomanagement im Finanzbereich zu vermitteln. Die AbsolventInnen erhalten eine fundierte Ausbildung im Risikomanagement (Quantifizierung von Risiken, Risikoaggregation; integrierte Steuerung von Banken und Versicherungen etc.) und Asset Management (Assetklassen, Portfolioselektion, Asset Liability Management, etc.). Hinzu treten methodisch-analytische Kenntnisse und Fertigkeiten, vor allem in Finanzmathematik und Statistik. Voraussetzungen zur Teilnahme am Masterprogramm: Im Anschluss an ein wirtschafts-, sozial-, natur- oder rechtswissenschaftliches oder technisches Studium einer Universitaet oder Fachhochschule kann der vier Semester umfassende und berufsbegleitend organisierte Masterstudiengang ARIMA absolviert werden. Weiters muessen besuchte Lehrveranstaltungen im Bereich Mathematik/Statisitk und Wirtschaftswissenschaften nachgewiesen werden. Aufnahmeverfahren: Formales Kriterium fuer die Teilnahme am Aufnahmeverfahren ist eine schriftliche Bewerbung bis spaetestens 31. Mai 2015. Das Aufnahmeverfahren selbst besteht aus einem Interview (Diskussion eines aktuellen, finanzwirtschaftlichen Artikels auf englisch) und einem Multiple-Choice Test. Die Literatur fuer den MC-Test kann von der homepage der FH des bfi Wien heruntergeladen werden. LektorenInnenpool aus dem wissenschaftlichen und berufsrelvanten Bereich: Um einerseits theoretische Grundlagen zu vermitteln und andererseits die Anwendung der Theorie in der Praxis aufzuzeigen, konnten namhafte Lektoren aus diesen Bereichen fuer eine Vortragstaetigkeit in ARIMA gewonnen werden. Beispielshaft seien das IHS, die TU Wien, Oesterreichische Grossbanken und die OeNB genannt. Wir hoffen, Ihr Interesse fuer den Studiengang geweckt zu haben und wuerden uns sehr freuen, wenn Sie dieses Schreiben an weiterbildungsinteressierte Personen in Ihrem Unternehmen weiterleiten wuerden. Fuer weitere Fragen stehen wir Ihnen gerne zur Verfuegung (silvia.helmreich(a)fh-vie.ac.at) oder besuchen Sie unsere homepage: http://www.fh-vie.ac.at/en/Degree-Programmes/Master/Quantitative-Asset-and-… Mit freundlichen Gruessen Prof. (FH) Mag. Silvia Helmreich Studiengangsleiterin ARIMA Fachhochschule des bfi Wien GmbH Wohlmutstrasse 22 1020 Wien Tel.: +43 1 7201286 - 972 e-mail: silvia.helmreich(a)fh-vie.ac.at http://www.fh-vie.ac.at P.S.: die Kosten des Masterstudienganges betragen EUR 363,36 im Semester. ________________________________ Firmenwortlaut: Fachhochschule des bfi Wien Gesellschaft m.b.H Firmenbuchnummer: 148597 a Firmenbuchgericht: Handelsgericht Wien Firmensitz: Wohlmutstraße 22, 1020 Wien This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of e-mail transmission. If verification is required please request a hard-copy version.

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[VFN] Fwd: Workshop on Stochastic Methods in Finance and Physics
by Mathieu Rosenbaum 30 Apr '15

30 Apr '15

Dear Friends and colleagues, Please find here an announcement for a workshop on Stochastic Methods in Finance and Physics in July 2015. Best regards, Mathieu //// Workshop on Stochastic Methods in Finance and Physics http://www.acmac.uoc.gr/SMFP2015/ Heraklion, Greece, 20-24 July 2015 The workshop will consist of mini-courses offered by Jan Kallsen (Kiel), Ioannis Karatzas (New York), Nina Gantert (Munich) and Timo Seppäläinen (Wisconsin) and talks offered by invited speakers. See here for a complete list: http://www.acmac.uoc.gr//SMFP2015/speakers.php There will also be short talks and posters presented by young researchers. The deadline for submissions has been extended to *May 6, 2015*. http://www.acmac.uoc.gr/SMFP2015/submissions.php

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[VFN] 30. Workshop der AWG
by office＠bwg.at 16 Apr '15

16 Apr '15

Die Austrian Working Group on Banking and Finance (AWG) der Österreichischen Bankwissenschaftlichen Gesellschaft (BWG), Wien, organisiert in Zusammenarbeit mit der Karl-Franzens-Universität Graz, Institut Für Banken und Finanzierung, den 30. WORKSHOP der AWG 27./28. November 2015 First CALL for PAPERS Der Workshop findet am Freitag, 27. November 2015 (Nachmittag) und am Samstag, 28. November 2015 (Vormittag) an der Karl-Franzens-Universität Graz statt. Bezüglich der Themen gibt es keine Einschränkung. Papers oder Extended Abstracts (ca. 2 Seiten) – vorzugsweise in englischer Sprache – sind bis spätestens 15. Oktober 2015 per eMail einzureichen an: awg30(a)uni-graz.at Um den angestrebten Workshop-Charakter der Veranstaltung zu fördern, kann jeder Vortrag durch eine/n Discussant besprochen werden. Teilnehmende, die eine solche Vorgangsweise wünschen, werden gebeten, ihr Manuskript bis 1. Oktober 2015 einzureichen. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmende: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker/innen in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte: (Auszug) Asset Pricing – Banking – Behavioral Economics – Central Banking and Regulation – Corporate Finance – Corporate Governance - Derivatives – Empirical Finance – Experimental Finance – Financial Econometrics – Financial Economics - Financial Innovations – International Finance – Market Microstructure – Performance Measurement – Portfolio Analysis – Real Estate Finance – Risk Management – Security Analysis. Die Teilnahme am Workshop ist KOSTENLOS.

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[VFN] Save the date - book launch Quantitatitive Risk Management with Paul Embrechts and Alex McNeil on 10.6.2015
by Ruediger Frey 26 Mar '15

26 Mar '15

In order to celebrate the completion of the second, fundamentally revised edition of the book Quantitative Risk Management: Concepts, Techniques, and Tools by Alex McNeil, Rüdiger Frey and Paul Embrechts there will be a book launch on *June 10, 2015, 15:30-18:30,* WU, Executive Academy, Foyer. There will be talks by Alexander McNeil and Paul Embrechts (Titles and abstracts tba.) and a presentation of the book, followed by a reception. The event is free of charge, but we kindly ask you to register to facilitate planning. Further details under http://www.wu.ac.at/statmath/detail-statmath/news/detail/News/quantitative-… Hope to see you in June at WU Rüdiger Frey -- Prof. Ruediger Frey Institute for Statistics and Mathematics WU Vienna Welthandelsplatz 1, Building D4 A-1020 Vienna, Austria email: ruediger.frey(a)wu.ac.at web: http://statmath.wu.ac.at/~frey/

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[VFN] Announcement: 8th European Summer School in Mathematical Finance
by summerschoolmathfi 06 Feb '15

06 Feb '15

Dear all, We are glad to announce the 8th European Summer School in Mathematical Finance, which will be held at Université du Maine in the city of Le Mans, close to Paris, from August 31st to September 4th 2015. Main course lectures will be on: Systemic Risk and financial Contagion, Machine Learning and big data analysis, Hawkes processes in finance. We invite applications from PhD students and early career researchers. Grants coverign accommodation and travel expenses will be provided to selected students. Please visit the web page of the summer school for more information: http://www.cmap.polytechnique.fr/~euroschoolmathfi15/euroschoolmathfi15.html Deadline for applications is April 15h. Please apply online following the instructions on the web page. We count on your participation to make this eight summer school a success, just as the previous editions have been! Please feel free to circulate this announcement. With our best regards, The organising committee Bruno Bouchard, Stefano De Marco, Laurent Denis, Emmanuel Gobet, Anis Matoussi, Nizar Touzi

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[VFN] Conference on "Advanced Modelling in Mathematical Finance"
by Antonis Papapantoleon 26 Jan '15

26 Jan '15

Dear colleagues, we are pleased to announce a conference on "Advanced Modelling in Mathematical Finance" in honour of Ernst Eberlein, taking place in Kiel from May 20 to 22, 2015. Details on invited speakers, registration etc. can be found on www.math.uni-kiel.de/ammf2015 . Limited financial support is available for young researchers presenting a poster. Best regards, Jan Kallsen and Antonis Papapantoleon

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[VFN] Einladung "DER EURO – EINE DISPUTATION" mit HANS-WERNER SINN und EWALD NOWOTNY
by Schlichting, Martina 12 Jan '15

12 Jan '15

Einladung Buchpräsentation und Diskussion mit HANS-WERNER SINN und EWALD NOWOTNY Di, 13. Jänner 18:00 im Festsaal der ÖAW 1010 Wien, Dr. Ignaz Seipel-Platz 2 Um Anmeldung wird gebeten: event(a)oeaw.ac.at PROGRAMM Begrüßung: ANTON ZEILINGER, Präsident der Österreichischen Akademie der Wissenschaften Einleitung und Moderation: JOSEF ZECHNER, WU Wirtschaftsuniversität Wien und ÖAW Impulsreferat: HANS-WERNER SINN, Präsident des ifo Instituts München und ÖAW Diskussionsbeitrag: EWALD NOWOTNY, Gouverneur der Oesterreichischen Nationalbank Podiumsdiskussion Allgemeine Diskussion In seinem jüngsten Werk „The Euro Trap. On Bursting Bubbles, Budgets and Beliefs“ (Oxford University Press, 2014) analysiert der Präsident des Münchner ifo, HANS-WERNER SINN, die Grundlagen der gemeinsamen europäischen Währung. Auf Basis des umfangreichen Materials weist er auf fundamentale Schwächen der Währungskonstruktion hin, kritisiert Rolle und Rettungsmaßnahmen der EZB in der Währungskrise und kommt zu im Sinne des Wortes radikalen Lösungsansätzen. EWALD NOWOTNY, Gouverneur der Oesterreichischen Nationalbank und Mitglied des Gouverneursrates der EZB, hat sich seit Jahren als Wissenschaftler und Notenbanker mit der europäischen Geldpolitik auseinandergesetzt. Er sieht den Euro als wichtiges Element der europäischen Integration, als Schutzschirm in weltwirtschaftlichen Krisen und als Beitrag zu langfristig größerer wirtschaftlicher Dynamik in Europa.

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[VFN] World Risk and Insurance Economics Congress 2015 in Munich
by Peter, Richard 30 Dec '14

30 Dec '14

Dear All, You are invited to submit papers for the 3rd World Risk and Insurance Economics Congress (WRIEC) to be held at Ludwig-Maximilians-Universität München from August 2 to 6, 2015. The deadline for paper submission is February 2. To access the Call for Papers, please click here: http://www.wriec.net/call-for-papers/. Further information can be found on the conference homepage: http://www.wriec.net/. Should you have any questions, do not hesitate to contact me. Best regards, Richard Peter Jun.-Prof. Dr. Richard Peter, MBR Munich Risk and Insurance Center (MRIC) Ludwig-Maximilians-Universität Munich Tel +49 (0)89 2180 3882 Fax +49 (0)89 2180 99 3882 eMail peter(a)bwl.lmu.de<mailto:peter@bwl.lmu.de> WWW www.inriver.bwl.lmu.de<http://www.inriver.bwl.lmu.de/>

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[VFN] Call for Papers: WU Gutmann Center Symposium: Retirement and Asset Management
by Alois Geyer 05 Dec '14

05 Dec '14

Dear colleague, I am pleased to announce the 8th WU Gutmann Center Symposium on "Retirement and Asset Management" to be held at WU Vienna on August 19, 2015. Please find the Call for Papers below and here: http://www.wu.ac.at/gc/whatwedo/bridging/symposia/2015/callforpapers2015.pdf It would be great if you submit a paper to the Symposium (in case you do research in this area) and/or forward the Call for Papers to colleagues who you feel would be interested in submitting a paper. Many thanks and best regards from Vienna, Alois ------------------------------------------------ Department of Finance, Accounting and Statistics WU (Vienna University of Economics and Business) www.wu.ac.at/~geyer ------------------------------------------------ CALL FOR PAPERS / CONFERENCE ANNOUNCEMENT WU GUTMANN CENTER SYMPOSIUM 2015 RETIREMENT AND ASSET MANAGEMENT VIENNA AUGUST 19, 2015 The WU Gutmann Center for Portfolio Management is proud to announce its eighth symposium to be held at WU (Vienna University of Economics and Business), Austria. The general topic of the symposium is "Retirement and Asset Management". Papers submitted to the symposium can address related aspects such as the role of financial institutions, lifetime investment strategies, saving for future generations, the role of demographics, or financial literacy, provided they are sufficiently related to the general topic. Note that the WU Gutmann Center Symposium 2015 will take place on the day before the 42nd Annual Meeting of the European Finance Association (EFA) (www.efa2015.org). Both conferences will take place on the new WU Campus (www.wu.ac.at/campus/en). The EFA Annual Meeting opens on August 19 in the evening, after the symposium has been concluded. PAPER SUBMISSIONS: The deadline for paper submissions is March 11, 2015 at midnight CET Central European Time (Austrian time). After this date, the submission system will be disabled automatically. Before clicking the link below to enter the online submission system (ConfTool), please prepare an anonymous version of your paper (i.e. remove all identifying information). You can upload your paper after creating a ConfTool account. The paper must be in either Acrobat (*.pdf) or Microsoft Word 2010, 2011 or 2013 (*.docx) format. Please note that the ConfTool database for the symposium is separate from the one for the EFA. Therefore you must create a separate account for this submission (although you may use the same username/password as on the EFA site, if you wish). Link to paper submissions: https://www.conftool.com/WUGCS2015/ All submissions will be reviewed by a committee composed of members of the WU Gutmann Center's Academic Advisory Board and decisions will be announced by May 15, 2015. Submission and participation are free of charge. Accommodation and travel expenses (economy fare) of presenting authors will be covered by the WU Gutmann Center. CONTACT WU Gutmann Center for Portfolio Management Sabina Krickl WU (Vienna University of Economics and Business) Welthandelsplatz 1, 1020 Wien (Vienna), Austria gutmann-center(a)wu.ac.at http://www.gutmann-center.at/

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[VFN] Conference: Challenges in Derivatives Markets (fwd)
by VFN-L admin * Andreas Schamanek 27 Nov '14

27 Nov '14

---------- Forwarded message ---------- Date: Thu, 27 Nov 2014 15:49:34 +0100 From: summerschoolmathfi <summerschoolmathfi(a)cmap.polytechnique.fr> Subject: Conference: Challenges in Derivatives Markets (...) ================================ Conference at TUM (March 30 -- April 01, 2015): Challenges in Derivatives Markets: Fixed income modeling, valuation adjustments, risk management, and regulation ================================ Dear colleagues, it is our pleasure to announce the conference “Challenges in Derivatives Markets: Fixed income modeling, valuation adjustments, risk management, and regulation”, for which we would like to invite you as contributed speaker or visitor. The conference will take place at Technische Universität München, March 30 – April 01, 2015. Thanks to our generous sponsor KPMG, the registration fee for the 3-day event is only 155 Euro. We are especially proud having · Damiano Brigo, · Stéphane Crépey, · Ernst Eberlein, · John Hull, · Wolfgang Runggaldier, · Luis Seco, · Thorsten Schmidt, and · Wim Schoutens among the confirmed speakers. So we are looking forward to an extraordinary scientific event to which we hope you will contribute with your presentation/attendance. The aim of the conference is to provide a venue for practitioners and academics working with derivatives to present state-of-the-art research, exchange ideas, and share visions on future developments in the field. The first focal point of the conference will be on recent developments in interest-rate modeling and derivatives pricing. Various types of multi-curve term structure models and especially post-crisis extensions of the Libor market model will be discussed. The second focus will be put on counterparty and liquidity risk in a global derivatives market. Derivative valuation and risk management in the presence of collateral and liquidity issues will be the central topics with special regard to valuation adjustments such as CVA (credit valuation adjustment), DVA (debt valuation adjustment), FVA (funding valuation adjustment), and other XVAs as well as their interplay. Emphasis will be put on modeling and pricing, as well as risk management and regulatory aspects. More information is given on the website http://www.mathfinance.ma.tum.de/kpmgce/conference-challenges-in-derivative… To facilitate the organization of the event, your registration by December 20, 2014 is highly appreciated. If you are interested in providing a contributed talk (these will most likely take place on Wednesday, April 01, 2015), please provide us an abstract/paper of your presentation. ***

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[VFN] INVITATION Nov 12: WU Gutmann Center Public Lecture - Amit Goyal: Is the Cross-Section of Expected Bond Returns Influenced by E
by Alois Geyer 24 Oct '14

24 Oct '14

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) ************************************************************************ Date: November 12 (Wednesday), 2014, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Amit Goyal, http://www.hec.unil.ch/agoyal/ Title: Is the Cross-Section of Expected Bond Returns Influenced by Equity Return Predictors? ABSTRACT: Using a comprehensive cross-section and time-series of corporate bond returns assembled from multiple data sources, we analyze whether commonly analyzed equity return predictors also predict bond returns. There is a surprisingly strong monthly lead from equity to bond returns, indicating that new information gets reflected in the equity market first. In univariate portfolio sorts, net equity issues are positively priced in the bond market, consistent with the notion that equity is preferred when bond market is undervalued. Profitability is negatively priced while idiosyncratic equity volatility is positively priced in the corporate bond market, suggesting that profitable and relatively less volatile firms are more attractive to bond investors, thus requiring lower returns. Our results indicate that the bond markets do price risk, but also are susceptible to delayed information transmission relative to equities. Finally, consistent with a relatively sophisticated institutional clientele, bonds are efficiently priced in that none of the behaviorally-motivated variables predict returns after accounting for transactions costs, though some risk-based variables continue to do so. About Amit Goyal: Amit Goyal is professor of finance at the University of Lausanne where he holds a senior chair from the Swiss Finance Institute. Formerly on the faculty of the Goizueta Business School at Emory University (USA), he has a Ph.D. in Finance from the University of California at Los Angeles (USA). His research interests are in empirical asset pricing and pension funds. His papers have been published in a variety of academic journals including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. He is the co-editor of Journal of Financial Markets and an associate editor at the Review of Finance. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at

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[VFN] AWG 2014 - program and registration
by Krickl, Sabina 23 Oct '14

23 Oct '14

Dear colleagues, I'm very glad to inform you about the first version of the program for the 29th workshop of the AUSTRIAN WORKING GROUP ON BANKING & FINANCE, November 21st until 22nd at WU Wien. For details please go to http://www.wu.ac.at/finance/events/awg2014_program. Presenters and discussants will follow the following time schedules: Presentations with discussion Presentation: 20 minutes Discussion: 10 minutes Questions from the audience: 5 minutes Presentations without discussion Presentation: 20 minutes Questions from the audience: 10 minutes To guarantee a perfect and smooth run auf our workshop I kindly ask you to register for the workshop and the conference dinner as well http://www.wu.ac.at/finance/events/registration_awg. Please don't hesitate to contact us for any further questions. I am looking forward to an inspiring workshop! With kind regards, Stefan Bogner ---------------------------------------------- Dr. Stefan Bogner, Professor Vorstand, Department für Finance, Accounting and Statistics Head, Department of Finance, Accounting and Statistics WU Wirtschaftsuniversität Wien Vienna University of Economics and Business Welthandelsplatz 1, Building D4, level 4, 1020 Vienna, Austria [T] +43 1 31336/4242 [F] +43 1 31336/904242 [E] stefan.bogner(a)wu.ac.at<mailto:stefan.bogner@wu-wien.ac.at>

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[VFN] EINLADUNG zum Investment Seminar am 10. November 2014
by si-researchcenter 13 Oct '14

13 Oct '14

Investment Seminar INSTITUTIONELLES ASSET MANAGEMENT IM NIEDRIGZINSUMFELD Montag, 10. November 2014 14.00 Begrüßung: Josef ZECHNER, Professor an der WU Wien 14.15 Makroökonomische und Regulatorische Rahmenbedingungen* (Session 1) Moderation: Josef ZECHNER 14.15 Bernhard FELDERER Präsident des Fiskalrates und ehem. Direktor des Instituts für Höhere Studien, Wien Aktueller Wirtschaftsausblick 14.45 Oskar ULREICH Abteilungsleiter, Vor-Ort-Prüfung und interne Modelle von Versicherungsunternehmen und Pensionskassen, Finanzmarktaufsicht (FMA), Wien Markt und Aufsicht(en): Regulatorische Herausforderungen für institutionelle Investoren 15.15 Diskussion 15.30 Pause 16.00 Investment Strategies in low interest environments (Session 2) Moderation: Thomas DANGL, Professor an der TU Wien 16.00 Raman UPPAL, Professor an der EDHEC Business School, London Risk-minimizing equity strategies 16.30 Engelbert DOCKNER, Professor an der WU Wien Bond strategies in a low interest environment 17.00 Institutionelles Asset Management im Niedrigzinsumfeld* (Panel Discussion) Moderation: Josef ZECHNER Diskussionsteilnehmer: Andreas GRÜNBICHLER, CFO, Mitglied des Vorstandes der Bausparkasse Wüstenrot AG und Wüstenrot Versicherungs-AG Dieter LEHMANN, Leiter Vermögensverwaltung, VolkswagenStiftung, Hannover Andreas KRETSCHMER, Hauptgeschäftsführer, Ärzteversorgung Westfalen-Lippe Wir bitten Sie um Anmeldung bis 3. November unter si-researchcenter(a)wu.ac.at Veranstaltungsort: WU, Gebäude LC, Festsaal 2 (http://gis.wu.ac.at/index.html?roomShow=festsaal%202) Welthandelsplatz 1, 1020 Wien Kontakt und weitere Information: WU, Department of Finance, Accounting and Statistics Spängler IQAM Research Center, Martina Schlichting Welthandelsplatz 1, Gebäude D4, 4. Stock, 1020 Wien Telefon: +43 1 31336 6315 Mail: si-researchcenter(a)wu.ac.at, Web: www.si-researchcenter.at

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[VFN] CfP: 8th Financial Risks International Forum, Paris, March 30 & 31, 2015
by VFN-L admin * Andreas Schamanek 25 Sep '14

25 Sep '14

| Call for papers | | 8th Financial Risks International Forum - | Scenarios, Stress and Forecasts in Finance | | Paris, March 30 & 31, 2015 The Financial Risks International Forum on "Scenarios, Stress and Forecasts in Finance" is an International Research Forum for academics and professionals organized by The Louis Bachelier "Finance and Sustainable Growth" Laboratory. See http://www.financialrisksforum.com/risk2015/ for details. A complete paper in PDF format must be submitted electronically by December 1, 2014. ***

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[VFN] Reminder - Call for Papers AWG 2014
by Krickl, Sabina 24 Sep '14

24 Sep '14

Bitte beachten Sie den unten stehenden Call for Papers (Deadline - 03. Oktober 2014) DEPARTMENT OF FINANCE, ACCOUNTING AND STATISTICS 29. WORKSHOP - AUSTRIAN WORKING GROUP ON BANKING & FINANCE 21. und 22. November 2014, Wien CALL for PAPERS Der Workshop findet am Freitag, 21. November 2014, nachmittags, und am Samstag, 22. November 2014, vormittags, an der WU Wien statt. Bezüglich der Themen gibt es keine Einschränkung. Papers oder Extended Abstracts (ca. zwei Seiten) - vorzugsweise in englischer Sprache - können bis spätestens 3. Oktober 2014 bei Prof. Dr. Stefan Bogner, Department of Finance, Accounting and Statistics, WU Wien, Welthandelsplatz 1, 1020 Wien oder e-mail: stefan.bogner(a)wu.ac.at eingereicht werden. Das Programm wird am 20. Oktober 2014 bekanntgemacht. Um den Workshop-Charakter der Veranstaltung zu fördern, soll jeder Vortrag durch einen Discussant besprochen wird. Das Finden geeigneter Discussants liegt in der Verantwortung von Prof. Bogner sowie den jeweiligen Session Chairs. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmer: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte: Arbitrage Pricing - Capital Market Theory - Capital Requirements of Financial - (Auswahl) Intermediaries - Commercial Banking - Contingent Claims Analysis - Corporate Finance - Financial Innovations - Financial Markets Research - International Banking and Finance - Investment Banking - Options and Futures - Performance Measurement - Portfolio Management - Risk Management - Security Analysis. http://www.wu.ac.at/finance/events/awg2014 ************************************************************************************************** Please note the Call for Papers below (Deadline October 3rd, 2014) DEPARTMENT OF FINANCE, ACCOUNTING AND STATISTICS 29. WORKSHOP - AUSTRIAN WORKING GROUP ON BANKING & FINANCE 21. and 22. November 2014, Vienna CALL for PAPERS The workshop will take place November 21, 2014 (afternoon) und November 22, 2014 (morning) at WU Wien. Full papers or detailed abstracts in all areas of banking and finance are welcome and have to be submitted by October 3rd , 2014 to Prof. Stefan Bogner, Department of Finance, Accounting and Statistics, WU Wien, Welthandelsplatz 1, 1020 Wien or via e-mail: stefan.bogner(a)wu.ac.at<mailto:stefan.bogner@wu.ac.at>. Notification of acceptance: October 20, 2014. Every paper presentation will be supported by a prepared discussion. The assignment of discussants is the responsibility of Prof. Bogner and the respective session chair. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE The aim of the Austrian Working Group on Banking and Finance is to generate a discussion forum for theoretical and empirical research in all areas of banking and finance throughout Austria. All researchers (especially also junior researchers) at universities and other research institutions as well as practitioners of the financial industry (including finance departments of industrial and service companies) are highly welcome to submit and present their research. Junior researchers are, e.g. encouraged to present one of their PhD Thesis papers/projects. Jointly Organized by WU Wien, Department of Finance, Accounting and Statistics, Institute for Finance, Banking and Insurance, Vienna, Austria and Austrian Society for Bank Research (BWG), Vienna, Austria Topics can include but are not limited to: Arbitrage Pricing, Behavioral Finance, Capital Market Theory, Capital Requirements of Financial Institutions, Commercial Banking, Contingent Claims Analysis, Corporate Finance, Financial Innovations, Financial Markets Research, Intermediaries, International Banking and Finance, Investment Banking, Options and Futures, Performance Measurement, Portfolio Management, Risk Management, Security Analysis. http://www.wu.ac.at/finance/en/events/awg2014 Dr. Stefan Bogner, Professor Vorstand, Department für Finance, Accounting and Statistics Head, Department of Finance, Accounting and Statistics WU Wirtschaftsuniversität Wien Vienna University of Economics and Business Welthandelsplatz 1, Building D4, level 4, 1020 Vienna, Austria [T] +43 1 31336/4242 [F] +43 1 31336/904242 [E] stefan.bogner(a)wu.ac.at<mailto:stefan.bogner@wu-wien.ac.at>

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[VFN] INVITATION Sep 30: WU Gutmann Center Public Lecture - Rob Bauer: Responsible Investing: Risk, Opportunity or Distraction?
by Alois Geyer 12 Sep '14

12 Sep '14

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) ************************************************************************ Date: September 30 (Tuesday), 2014, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Rob Bauer, http://www.maastrichtuniversity.nl/web/Profile/r.Bauer.htm Title: Responsible Investing: Risk, Opportunity or Distraction? Implications for Institutional and Private Investors ABSTRACT: Responsible Investing (RI) is gaining momentum both in institutional and private asset management. This lecture will discuss several RI strategies, its potential risk and return consequences, for a variety of asset classes, and from an institutional investor and a private investor perspective. About Rob Bauer: Rob Bauer is Professor of Finance (chair: Institutional Investors) at Maastricht University School of Business and Economics in The Netherlands. His academic research is focused on pension funds, strategic investment policy, mutual fund performance, responsible investing, shareholder activism and corporate governance. He publishes regularly in professional and academic journals and is a frequent speaker on national and international conferences. Rob Bauer is also Director of the European Centre for Corporate Engagement (ECCE) at Maastricht University, and Executive Director of the International Centre for Pension Management (ICPM), at the Rotman School of Management, University of Toronto in Canada. Rob Bauer is also founder and managing director of Rob Bauer Consultants in which he advises and supports institutional investors on topics related to strategic investments. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at

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[VFN] Reminder - Call for Papers AWG 2014
by Fuchs, Daniela 08 Sep '14

08 Sep '14

Bitte beachten Sie den unten stehenden Call for Papers (Deadline - 22. September 2014) DEPARTMENT OF FINANCE, ACCOUNTING AND STATISTICS 29. WORKSHOP - AUSTRIAN WORKING GROUP ON BANKING & FINANCE 21. und 22. November 2014, Wien CALL for PAPERS Der Workshop findet am Freitag, 21. November 2014, nachmittags, und am Samstag, 22. November 2014, vormittags, an der WU Wien statt. Bezüglich der Themen gibt es keine Einschränkung. Papers oder Extended Abstracts (ca. zwei Seiten) - vorzugsweise in englischer Sprache - können bis spätestens 22. September 2014 bei Prof. Dr. Stefan Bogner, Department of Finance, Accounting and Statistics, WU Wien, Welthandelsplatz 1, 1020 Wien oder e-mail: stefan.bogner(a)wu.ac.at eingereicht werden. Das Programm wird am 20. Oktober 2014 bekanntgemacht. Um den Workshop-Charakter der Veranstaltung zu fördern, soll jeder Vortrag durch einen Discussant besprochen wird. Das Finden geeigneter Discussants liegt in der Verantwortung von Prof. Bogner sowie den jeweiligen Session Chairs. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmer: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte: Arbitrage Pricing - Capital Market Theory - Capital Requirements of Financial - (Auswahl) Intermediaries - Commercial Banking - Contingent Claims Analysis - Corporate Finance - Financial Innovations - Financial Markets Research - International Banking and Finance - Investment Banking - Options and Futures - Performance Measurement - Portfolio Management - Risk Management - Security Analysis. Daniela Fuchs _______________________________________________________ Office FAS (D4) Department of Finance, Accounting and Statistics WU Wirtschaftsuniversität Wien Vienna University of Economics and Business Welthandelsplatz 1, Building D4, Entrance A, 4th floor, 1020 Vienna, Austria [T] +43 1 31336/4691 [F] +43 1 31336/904691 [E] daniela.fuchs(a)wu.ac.at<mailto:daniela.fuchs@wu.ac.at> www.wu.ac.at/finance<http://www.wu.ac.at/finance>

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[VFN] Nomura Research Fellow at Oxford (fwd)
by VFN-L admin * Andreas Schamanek 13 Aug '14

13 Aug '14

---------- Forwarded message ---------- Date: Wed, 13 Aug 2014 09:34:10 +0100 (BST) From: Xun Yu Zhou <Xun.Zhou(a)maths.ox.ac.uk> [third party addresses removed by VFN list-admin] Subject: Nomura Research Fellow at Oxford Dear colleagues The Mathematical and Computational Finance Group at Oxford is recruiting a Nomura Research Fellow. The details can be found at http://www.maths.ox.ac.uk/node/26208 https://www.recruit.ox.ac.uk/pls/hrisliverecruit/erq_jobspec_version_4.jobs… Please feel free to forward it to anyone who might be interested. Many thanks indeed. Regards Xunyu Zhou -- Xunyu Zhou Nomura Professor of Mathematical Finance Director, Nomura Centre for Mathematical Finance Mathematical Institute University of Oxford Radcliffe Observatory Quarter Woodstock Road OX2 6GG Oxford, UK Email: zhouxy(a)maths.ox.ac.uk Tel.: +44 1865 280614 Fax: +44 1865 270715 http://people.maths.ox.ac.uk/~zhouxy/

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[VFN] Call for research projects_Europlace Institute of Finance_Deadline: September 10, 2014 (fwd)
by VFN-L admin * Andreas Schamanek 29 Jul '14

29 Jul '14

---------- Forwarded message ---------- Date: Fri, 18 Jul 2014 08:43:18 +0200 (CEST) From: Elyès Jouini <info(a)europlace-finance.com> To: "vfn-l(a)fam.tuwien.ac.at" <vfn-l(a)fam.tuwien.ac.at> Subject: Call for research projects_Europlace Institute of Finance_Deadline: September 10, 2014 [HTML converted to plain text, attachment removed by VFN admin] EUROPLACE INSTITUTE OF FINANCE CALL FOR RESEARCH PROJECTS 2014 The Europlace Institute of Finance, a registered Foundation of public interest, aims to foster synergies between academia in finance and economics and financial industry professionals (financial intermediaries, investors and managers, issuers and companies involved in the financial markets) - in France and in Europe. The Institute's founders are committed to developing and sustaining such initiatives. As in previous years, our Foundation is launching a renewed call for research projects in 2014. This call for projects is intended for all members of the academic community concerned by financial research, with no restrictions as to academic disciplines. In partnership with the Louis Bachelier Laboratory of Excellence, the Europlace Institute of Finance will fund 15 research projects, each of which will receive an amount of €10,000. Selected projects will focus on issues considered to be of major importance in the current context. These issues are organized around four themes: Macroeconomics Management techniques and modeling Risks and regulation Investment and investor behavior Please see http://www.europlace-finance.net/call2014/Topics_2014.pdf for a description of the subjects selected for 2014. Particular attention will be paid to projects involving multiple teams, and especially those involving European cooperation. The deadline for submission is on September 10, 2014. >> Click here to submit your project << http://www.europlace-finance.net/cgi-bin/call4prj/project?mode=62 I hope this program will be of great interest to you. For more information: info(a)europlace-finance.com Elyès Jouini Scientific Director Europlace Institute of Finance

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[VFN] Position Announcement - Assistant Professor
by Margarethe Rammerstorfer 29 Jul '14

29 Jul '14

MODUL University Vienna is an international private university owned by the Vienna Chamber of Commerce and Industry, the largest provider of private education in Austria. The university campus is located on Kahlenberg, a scenic hill with a spectacular view of the capital of Austria. Since 2007, MODUL University Vienna offers cutting-edge education (BBA, BSc, MSc, MBA and PhD study programs) in the areas of international management, new media technology, public governance, sustainable development, and tourism and hospitality management. Position Announcement - Assistant Professor MODUL University Vienna is an international university located on top of Kahlenberg with a panoramic view over the City of Vienna. The Department of International Management is seeking an outstanding young scholar to teach undergraduate and graduate courses www.modul.ac.at/study-programs. The teaching load for this position is five weekly units per semester – one unit equals 45 minutes in the class room. *Responsibilities: * ·independent research** ·contributing to research and teaching within the scope of the department and study program (BsC in International Management)** ·teaching and administrative tasks** ·assisting support activities** ·holding classes and conducting examinations independently** *What we expect:* ·an outstanding average grade on your university degree and/ or doctorate in business administration or a related field ·Advanced skills in quantitative research methods, f.e. econometric skills ·a very high standard of English (teaching experience in English is a plus) ·Advanced MS Office skills or equivalent ·Familiar with datasources as f.e. Bloomberg, Amadeus etc. Salary and Application Process: The position remains open until filled; the review of applications will commence in September 2014.MU Vienna offers five-year contracts with the option to renew after a performance evaluation. The initial salary is EUR 55,000 before taxes, with additional remuneration for extra teaching and outstanding scholarship. MU Vienna is an equal opportunity employer and strongly encourages qualified women to apply. Please send your application including cover letter, curriculum vitae, list of publications and statement of research and teaching interest to katrin.brueckner(at)modul.ac.at (in English; preferably as a single PDF file not exceeding 8 MB). link: http://modul.ac.at/uploads/files/user_upload/IM-Assistant_Prof.pdf

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[VFN] 2nd European Actuarial Journal (EAJ) Conference
by Sandra Trenovatz 15 Jul '14

15 Jul '14

+------------------------------------ | | 2nd European Actuarial Journal (EAJ) Conference | Vienna, September 10-12, 2014 | | EAJ Educational Workshop | Vienna, September 8-9, 2014 | | http://www.fam.tuwien.ac.at/eaj2014/ | +------------------------------------------------------------------- The 2nd European Actuarial Journal (EAJ) Conference (Vienna, September 10-12, 2014) is an international conference in actuarial science and insurance mathematics. The aim is to bring together practicing actuaries and academics to discuss about challenging and current topics in actuarial science. We invite researchers and practitioners to join the event in the heart of beautiful Austria. The EAJ Educational Workshop (Vienna, September 8-9, 2014) is a satellite event of the 2nd EAJ Conference, aimed at both academics and practitioners and providing a general overview over the past and current research results and their practical applications. We are proud to announce to already have registrations from the following countries: Algeria - Argentina - Australia - Austria - Belgium - Brazil - China - Colombia - Denmark - Finland - France - Germany - Greece - Iceland - Iran - Israel - Italy - Latvia - Netherlands - Norway - Portugal - Russia - Singapore - Slovenia - Spain - Sweden - Switzerland - Taiwan - Turkey - Ukraine - United Kingdom - USA With best regards from the organisers, Actuarial Association of Austria Vienna University of Technology For early registrations until July 25, a discount of 10% is allowed. Details and Registration for EAJ 2014: http://fam.tuwien.ac.at/eaj2014/ -------------------------------------------------------------------- 2nd EAJ Conference 2014 Wednesday, September 10 - Friday, September 12, 2014 EAJ Educational Workshop Monday, September 8 - Tuesday, September 9, 2014 Website: http://www.fam.tuwien.ac.at/eaj2014/ Location: Vienna University of Technology Wiedner Hauptstr. 8, 1040 Wien, Austria Organized by: Actuarial Association of Austria Vienna University of Technology Sponsored by (alphabetical order): arithmetica Drei-Banken Versicherung fintegral consulting Gen Re - General Reinsurance HDI Versicherung Milliman Munich RE - Münchener Rückversicherungs-Gesellschaft Sparkassen Versicherung - Vienna Insurance Group Springer-Verlag http://www.fam.tuwien.ac.at/eaj2014/sponsors.php Invited Speakers and Talks... ... at the EAJ Conference: Hansjörg Albrecher (University of Lausanne, CH) Francesca Biagini (LMU Munich, DE) Andrew Cairns (Heriot-Watt University, Edinburgh, UK) Alexander Dotterweich (KPMG, Munich, DE) Hansjörg Furrer (Swiss Financial Market Supervisory Authority, CH) Stefan Jaschke (Munich Re, DE) Claus Mischler (Standard Life, Frankfurt, DE) Ragnar Norberg (ISFA, Universite Lyon 1, FR) Daniel Ryan (Swiss Re, London, UK) Michael Schlögl (Vienna Insurance Group, AT) Hanspeter Schmidli (University of Cologne, DE) Mogens Steffensen (University of Copenhagen, DK) Nele Vandaele (KBC Group, Brussels, BE) ... at the EAJ Educational Workshop: Carole Bernard (University of Waterloo, CA) Enrico Biffis (Imperial College Business School, London, UK) Claudia Czado (Technische Universität München, DE) Stéphane Loisel (ISFA, Université Lyon 1, FR) Alfred Müller (University of Siegen, DE) http://www.fam.tuwien.ac.at/eaj2014/speakers.php Submission of Contributed Talks & Posters: The call for posters is open until July 31, 2014. Submissions of contributed talks is already closed. http://www.fam.tuwien.ac.at/eaj2014/contributions.php Participation and Registration: Registration is possible until August 15, 2014. For early registrations until July 25, 2014, a discount of 10% is allowed. http://www.fam.tuwien.ac.at/eaj2014/registration.php CPD: The attendance at EAJ 2014 (full week, Sept. 8-12) may qualify for up to 29 CPD credits for those delegates whose national actuarial organization's CPD requirements recognize EAJ 2014. The EAJ Educational Workshop (Sept. 8-9, 1014) may qualify for up to 13 CPD credits and the EAJ Conference (Sept. 10-12, 1014) may qualify for up to 16 CPD credits. See details on: http://www.fam.tuwien.ac.at/eaj2014/cpd.php

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[VFN] Einladung zu den Kahlenberger Gesprächen
by Margarethe Rammerstorfer 06 Jun '14

06 Jun '14

*EINLADUNG* ** Sehr geehrte Damen und Herren, ganz herzlich möchten wir Sie auf diesem Weg zu folgender Ausgabe der Podiumsdiskussionsreihe "Kahlenberger Gespräche" einladen: *"Impact Investment - ein MUSS für jeden Investor"***Wann: *Donnerstag**, 12. Juni 2014, 18:30 Uhr* **Wo: *MODUL University Vienna, Am Kahlenberg 1, 1190 Wien* ** *Moderation*: Franz Schellhorn, Leiter der Denkfabrik Agenda Austria *Keynote: *Karl (Charly) Kleissner, Social Impact Investor, Philosoph und Millionär Bitte entnehmen Sie nachfolgendem Link detaillierte Informationen zur Veranstaltung: *http://www.modulcareer.at/newsevents/kahlenberger-gespraeche/impact-investment.html* ** Wir bitte um Ihre Anmeldung per E-mail an *ana.todorovic(a)modul.ac.at* bis 10. Juni 2014. Wir freuen uns auf Ihr Kommen! *Hani El-Sharkawi*Leiter MODUL Career *MODUL University Vienna*Am Kahlenberg 1, 1190 Wien, Austriawww.modul.ac.at MODUL University Vienna GmbH,HG Wien, FN 277162t, ATU 62643214 -- ------------------------------------------------------------------------ *Dr. Margarethe Rammerstorfer * Associate Professor for Finance Head of Department Department of International Management Program Area Director International Management *MODUL University Vienna* Am Kahlenberg 1, 1190 Wien, Austria T: +43 (1) 3203555 650 F: +43 (1) 3203555 903 margarethe.rammerstorfer(a)modul.ac.at <mailto:%0A%0Amargarethe.rammerstorfer@modul.ac.at> www.modul.ac.at

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[VFN] 2nd European Actuarial Journal (EAJ) Conference & Educational Workshop, Vienna, Austria
by Sandra Trenovatz 26 May '14

26 May '14

+----------------------------------------------- | | 2nd European Actuarial Journal (EAJ) | Conference & Educational Workshop | | Vienna, September 8-12, 2014 | | http://www.fam.tuwien.ac.at/eaj2014/ | +---------------------------------------------------------------------- The 2nd European Actuarial Journal (EAJ) Conference (Vienna, September 10-12, 2014) is an international conference in actuarial science and insurance mathematics. The aim is to bring together practicing actuaries and academics to discuss about challenging and current topics in actuarial science. We invite researchers and practitioners to present their scientific work - the call for contributed talks and posters is open until June 15, 2014. The EAJ Educational Workshop (Vienna, September 8-9, 2014) is a satellite event of the 2nd EAJ Conference, aimed at both academics and practitioners and providing a general overview over the past and current research results and their practical applications. Details and Registration for EAJ 2014: http://fam.tuwien.ac.at/eaj2014/. ----------------------------------------------------------------------- EAJ Conference 2014 Wednesday, September 10 - Friday, September 12, 2014 EAJ Educational Workshop Monday, September 8 - Tuesday, September 9, 2014 Conference Website: http://www.fam.tuwien.ac.at/eaj2014/ Location: Vienna University of Technology Wiedner Hauptstr. 8, 1040 Wien, Austria Organized by: Actuarial Association of Austria Vienna University of Technology Sponsored by (alphabetical order): arithmetica Drei-Banken Versicherung fintegral consulting HDI Versicherung Milliman Munich RE - Münchener Rückversicherungs-Gesellschaft Sparkassen Versicherung - Vienna Insurance Group Gen Re - General Reinsurance Springer-Verlag (further sponsors are welcome) http://www.fam.tuwien.ac.at/eaj2014/sponsors.php Invited Speakers and Talks... ... at the EAJ Conference: Hansjörg Albrecher (University of Lausanne, CH) Francesca Biagini (LMU Munich, DE) Andrew Cairns (Heriot-Watt University, Edinburgh, UK) Alexander Dotterweich (KPMG, Munich, DE) Hansjörg Furrer (Swiss Financial Market Supervisory Authority, CH) Stefan Jaschke (Munich Re, DE) Claus Mischler (Standard Life, Frankfurt, DE) Ragnar Norberg (ISFA, Universite Lyon 1, FR) Daniel Ryan (Swiss Re, London, UK) Michael Schlögl (Vienna Insurance Group, AT) Hanspeter Schmidli (University of Cologne, DE) Mogens Steffensen (University of Copenhagen, DK) Nele Vandaele (KBC Group, Brussels, BE) ... at the EAJ Educational Workshop: Carole Bernard (University of Waterloo, CA) Enrico Biffis (Imperial College Business School, London, UK) Claudia Czado (Technische Universität München, DE) Stéphane Loisel (ISFA, Université Lyon 1, FR) Alfred Müller (University of Siegen, DE) http://www.fam.tuwien.ac.at/eaj2014/speakers.php Submission of Contributed Talks & Posters: The call for contributed talks & posters is open until June 15, 2014. Acceptance/rejection letters will be sent by July 7 at the latest. http://www.fam.tuwien.ac.at/eaj2014/contributions.php Participation and Registration: Registration is possible until August 15, 2014. For early registrations until July 15, 2014, a discount of 10% is allowed. http://www.fam.tuwien.ac.at/eaj2014/registration.php CPD: The attendance at EAJ 2014 (full week, Sept. 8-12) may qualify for up to 29 CPD credits for those delegates whose national actuarial organization's CPD requirements recognize EAJ 2014. The EAJ Educational Workshop (Sept. 8-9, 1014) may qualify for up to 13 CPD credits and the EAJ Conference (Sept. 10-12, 1014) may qualify for up to 16 CPD credits. See details on: http://www.fam.tuwien.ac.at/eaj2014/cpd.php

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[VFN] REMINDER: Investment Talk Prof. Malcolm P. Baker, June 2nd
by si-researchcenter 22 May '14

22 May '14

INVITATION (apologies for duplicated mails!) We are pleased to invite you to our next Investment Talk, organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and provides a platform for exchange in the field of asset management between academics, practitioners and the public. INVESTMENT TALK Date: Monday, June 2nd, 2014 at 4:30 pm Speaker: PROF. MALCOLM P. BAKER Topic: "THE LOW RISK ANOMALY: IMPLICATIONS FOR INVESTMENT, ASSET ALLOCATION, AND CORPORATE FINANCE" ABSTRACT: One of the basic principles of finance is that, in competitive and efficient markets, investors earn higher average returns only by taking greater risks. Asset classes follow this pattern: Stocks have returned more than bonds, and bonds have returned more than cash. But, within the stock market, the pattern is reversed. Low risk stocks, whether measured by volatility or market beta, have outperformed high risk stocks on average in eighty years of U.S. stock market history and in thirty years of international data. Drawing on his research, Professor Baker will describe the behavioral and institutional explanations for this anomaly and discuss the potential implications for investment, asset allocation, and corporate finance. ABOUT Malcolm P. Baker: Prof. Malcolm P. Baker is the Robert G. Kirby Professor of Business Administration at the Harvard Business School and the program director for corporate finance at the National Bureau of Economic Research. Further information about Malcolm P. Baker: http://www.hbs.edu/faculty/Pages/profile.aspx?facId=10639&facInfo=pub REGISTRATION IS REQUIRED. We kindly ask to register before May 28th at si-researchcenter(a)wu.ac.at LOCATION: WU, Building AD AD.O.114, Conference room 1 http://gis.wu.ac.at/index.html?roomShow=AD.0.114&setLng=en Welthandelsplatz 1, 1020 Vienna CONTACT AND FURTHER INFORMATION: WU, Institute for Finance, Banking and Insurance att. Martina Schlichting Welthandelsplatz 1, Building D4, Level 4 1020 Vienna Phone: +43 1 31336 6315 Mail: si-researchcenter(a)wu.ac.at, Web: www.si-researchcenter.at

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[VFN] CALL FOR PAPERS AWG 2014
by Fuchs, Daniela 08 May '14

08 May '14

DEPARTMENT OF FINANCE, ACCOUNTING AND STATISTICS 29. WORKSHOP - AUSTRIAN WORKING GROUP ON BANKING & FINANCE 21. und 22. November 2014, Wien First CALL for PAPERS Der Workshop findet am Freitag, 21. November 2014, nachmittags, und am Samstag, 22. November 2014, vormittags, an der WU Wien statt. Bezüglich der Themen gibt es keine Einschränkung. Papers oder Extended Abstracts (ca. zwei Seiten) - vorzugsweise in englischer Sprache - können bis spätestens 22. September 2014 bei Prof. Dr. Stefan Bogner, Department of Finance, Accounting and Statistics, WU Wien, Welthandelsplatz 1, 1020 Wien oder e-mail: stefan.bogner(a)wu.ac.at eingereicht werden. Das Programm wird am 20. Oktober 2014 bekanntgemacht. Um den Workshop-Charakter der Veranstaltung zu fördern, soll jeder Vortrag durch einen Discussant besprochen wird. Das Finden geeigneter Discussants liegt in der Verantwortung von Prof. Bogner sowie den jeweiligen Session Chairs. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmer: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte: Arbitrage Pricing - Capital Market Theory - Capital Requirements of Financial - (Auswahl) Intermediaries - Commercial Banking - Contingent Claims Analysis - Corporate Finance - Financial Innovations - Financial Markets Research - International Banking and Finance - Investment Banking - Options and Futures - Performance Measurement - Portfolio Management - Risk Management - Security Analysis. ************************************************************************************************** DEPARTMENT OF FINANCE, ACCOUNTING AND STATISTICS 29. WORKSHOP - AUSTRIAN WORKING GROUP ON BANKING & FINANCE 21. and 22. November 2014, Vienna First CALL for PAPERS The workshop will take place November 21, 2014 (afternoon) und November 22, 2014 (morning) at WU Wien. Full papers or detailed abstracts in all areas of banking and finance are welcome and have to be submitted by September 22, 2014 to Prof. Stefan Bogner, Department of Finance, Accounting and Statistics, WU Wien, Welthandelsplatz 1, 1020 Wien or via e-mail: stefan.bogner(a)wu.ac.at<mailto:stefan.bogner@wu.ac.at>. Notification of acceptance: October, 20, 2014. Every paper presentation will be supported by a prepared discussion. The assignment of discussants is the responsibility of Prof. Bogner and the respective session chair. AUSTRIAN WORKING GROUP ON BANKING AND FINANCE The aim of the Austrian Working Group on Banking and Finance is to generate a discussion forum for theoretical and empirical research in all areas of banking and finance throughout Austria. All researchers (especially also junior researchers) at universities and other research institutions as well as practitioners of the financial industry (including finance departments of industrial and service companies) are highly welcome to submit and present their research. Junior researchers are, e.g. encouraged to present one of their PhD Thesis papers/projects. Jointly Organized by WU Wien, Department of Finance, Accounting and Statistics, Institute for Finance, Banking and Insurance, Vienna, Austria and Austrian Society for Bank Research (BWG), Vienna, Austria Topics can include but are not limited to: Arbitrage Pricing, Behavioral Finance, Capital Market Theory, Capital Requirements of Financial Institutions, Commercial Banking, Contingent Claims Analysis, Corporate Finance, Financial Innovations, Financial Markets Research, Intermediaries, International Banking and Finance, Investment Banking, Options and Futures, Performance Measurement, Portfolio Management, Risk Management, Security Analysis.

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[VFN] INVITATION: Investment Talk Prof. Malcolm P. Baker, June 2nd
by Schlichting, Martina 06 May '14

06 May '14

INVITATION We are pleased to invite you to our next Investment Talk, organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and provides a platform for exchange in the field of asset management between academics, practitioners and the public. INVESTMENT TALK DATE: Monday, June 2nd, 2014 at 4:30 pm SPEAKER: Prof. MALCOLM P. BAKER TOPIC: "The Low Risk Anomaly: Implications for Investment, Asset Allocation, and Corporate Finance" ABSTRACT: One of the basic principles of finance is that, in competitive and efficient markets, investors earn higher average returns only by taking greater risks. Asset classes follow this pattern: Stocks have returned more than bonds, and bonds have returned more than cash. But, within the stock market, the pattern is reversed. Low risk stocks, whether measured by volatility or market beta, have outperformed high risk stocks on average in eighty years of U.S. stock market history and in thirty years of international data. Drawing on his research, Professor Baker will describe the behavioral and institutional explanations for this anomaly and discuss the potential implications for investment, asset allocation, and corporate finance. ABOUT Malcolm P. Baker: Prof. Malcolm P. Baker is the Robert G. Kirby Professor of Business Administration at the Harvard Business School and the program director for corporate finance at the National Bureau of Economic Research. Further information about Malcolm P. Baker: http://www.hbs.edu/faculty/Pages/profile.aspx?facId=10639&facInfo=pub Registration is required. We kindly ask to register before May 28th at office(a)si-researchcenter.at Location: WU, Building AD AD.O.114, Conference room 1 http://gis.wu.ac.at/index.html?roomShow=AD.0.114&setLng=en Welthandelsplatz 1, 1020 Vienna Contact and further information: WU, Institute for Finance, Banking and Insurance att. Martina Schlichting Welthandelsplatz 1, Building D4, Level 4 1020 Vienna Phone: +43 1 31336 6315 Mail: office(a)si-researchcenter.at, Web: www.si-researchcenter.at

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[VFN] Mathematik & Wirtschaft: Veranstaltungen für (Oberstufen-)SchülerInnen
by Sandra Trenovatz 23 Apr '14

23 Apr '14

+------------------------------------------ | | Teenage Think Tank | http://www.teenagethinktank.at/ | +------------------------------------------------------ Die Initiative "Teenage Think Tank" startet am 25. April 2014 und hat sich das Ziel gesetzt interessierten SchülerInnen den praktischen Nutzen von Mathematik in der Wirtschaft aufzuzeigen. Möglich wird das durch die Kooperation mit der Technischen Universität Wien, dem Stadtschulrat für Wien und dem Science Center Netzwerk.Reale Probleme aus Wirtschaft und Gesellschaft durch innovative Ansätze mit mathematischen Methoden lösen - nicht weniger ist der Anspruch des Teenage Think Tank. Ermöglicht werden soll dies durch einen generationenübergreifenden Wissensaustausch. In den angebotenen Workshops wird die Plattform geboten, um die Ideen der Teenager zu sammeln und gemeinsam mit ExpertInnen weiterzuentwickeln. Die Resultate werden im Anschluss auf Umsetzungsmöglichkeit und Innovationskraft getestet. **"Die Ideen der Teenager sind unsere Zukunft"** ist Mitinitiator Bernhard Kronfellner überzeugt. **Ideen fördern - erarbeiten - testen** Mathematik zählt noch immer nicht zu den meistgenannten Lieblingsfächern in der Schule. Dennoch ist der Bedarf an kompetenten MathematikerInnen in der Wirtschaft hoch. Um ein Bindeglied zwischen Schulmathematik, interessierten SchülerInnen und Firmen zu schaffen, wurde der Teenage Think Tank ins Leben gerufen. Anhand praktischer Probleme, die die Vortragenden aus ihrem Berufsleben beisteuern, wird der Nutzen von Mathematik im Alltag erlebbar. Gleichzeitig sehen SchülerInnen, in welche unterschiedlichen Bereiche eine technisch-naturwissenschaftliche Ausbildung führen kann. Die Vortragenden der Startworkshops arbeiten z.B. in den Bereichen Bankenwesen, Medizin oder Rechtswissenschaften. Von Wirtschaftsseite besteht das Interesse an der Meinung der Jugendlichen zu aktuellen Fragestellungen. Durch gezielte Einbindung der Teenager sollen adäquate Lösungen gemeinsam entwickelt werden. Der Schulmathematik bietet sich die Option den Unterricht durch reale Beispiele zu erweitern und die konkrete Anwendbarkeit des Erlernten zu demonstrieren. **Vernetzung erwünscht** Neben den Workshop-Terminen - in Folge sollen ein bis zwei pro Semester stattfinden - steht eine App zur Vernetzung zur Verfügung. Diese soll durchgehenden Kontakt zwischen den Beteiligten ermöglichen. Neue Ideen können eingereicht werden, bestehende Ideen können bewertet werden und Rechenbeispiele aus der Praxis werden angeboten. Die Ergebnisse aus den Workshops werden in White Papers veröffentlicht. SchülerInnen haben somit Ergebnisse parat, die ihr Engagement dokumentieren. **Teenage Think Tank - Kick off Veranstaltung** Freitag, 25. April 2014, 15:00 - 19. 30 Uhr Festsaal der TU Wien Karlsplatz 13, 1040 Wien Die Teilnahme ist kostenfrei! (Online-Anmeldung erbeten) Kurzentschlossene interessierte SchülerInnen der Oberstufe sind herzlich eingeladen! Webtipp: http://www.teenagethinktank.at/ **Rückfragehinweise:** Prof. Manfred Kronfellner Institut für Diskrete Mathematik und Geometrie Technische Universität Wien Wiedner Hauptstraße 8-10, 1040 Wien M +43-699-19384561 manfred.kronfellner(a)tuwien.ac.at [Text von http://www.tuwien.ac.at/aktuelles/news_detail/article/8749/?no_cache=1 ]

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[VFN] INVITATION Apr 8: WU Gutmann Center Public Lecture - Susan Christoffersen - On the demand for high-beta stocks
by Alois Geyer 24 Mar '14

24 Mar '14

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) ************************************************************************ Date: APRIL 8 (Tuesday), 2014, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna Speaker: Prof. Susan Christoffersen, University of Toronto, Rotman School of Management http://www.rotman.utoronto.ca/FacultyAndResearch/Faculty/FacultyBios/Christ… x Title: On the demand for high-beta stocks: Evidence from mutual funds ABSTRACT: Prior studies have documented that pension plan sponsors rigorously monitor a fund´s performance relative to a benchmark. We use a first-difference approach to causally show that in an effort to beat benchmarks, fund managers controlling large pension assets reduce fees and increase their exposure to higher risk (high-beta) stocks. Managers increase beta without affecting tracking error because they strategically substitute low-beta stocks for high-beta stocks with low idiosyncratic volatility. The findings support theoretical conjectures that benchmarking pressures increase demand for high-beta stocks and help to explain their abnormally low returns. Managerial risk-taking responses to benchmarking pressures complicate financial planning for investors as portfolio risk increases with the amount of retirement money managed in the mutual fund. About Susan Christoffersen: Susan Christoffersen is an Associate Professor of Finance. Her research focuses on mutual funds and the role of financial institutions in capital markets. She has published in top finance journals and cited in The New York Times, International Herald Tribune, Bloomberg News Service, and The Wall Street Journal. Susan has received grants from SSHRC, IFM2, and FQRSC and research awards from Q-Group, Bank of Canada, BSI Gamma Foundation, INQUIRE, and the Swiss Finance Institute. Susan was awarded the Limited Term Professorship by the Canadian Securities Institute Research Foundation in 2005. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at

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[VFN] Reminder - Investment Talk March 19 - Prof. Elroy Dimson
by si-researchcenter 04 Mar '14

04 Mar '14

INVITATION (apologies for duplicated mails!) We are pleased to invite you to our next Investment Talk, organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and provides a platform for exchange in the field of asset management between academics, practitioners and the public. Both the topic and the speaker for our next event are particularly interesting. We will be discussing the risk and return characteristics of five long-established Bordeaux wines, with price histories that go back more than 100 years. Our speaker is Professor Elroy Dimson, who is well-known for his important contributions in the field of asset management, such as his work on estimating betas or his work on risk premia in the stock markets. INVESTMENT TALK Date: Wednesday, March 19, 2014 - 4 pm Speaker: PROF. ELROY DIMSON Topic: "THE PRICE OF WINE" ABSTRACT: We examine the impact of aging on wine prices and the performance of wine as a long-term investment using a unique historical database for five long-established Bordeaux wines that we construct from auction and dealer prices. We estimate the life-cycle price patterns with a regression model that avoids multicollinearity between age, vintage year, and time by replacing vintage effects with annual data on production yields and weather quality. In line with the predictions of an illustrative model, we observe the highest appreciation rates for young high-quality wines that are still maturing. Our results also suggest that owners of famous wines receive non-pecuniary benefits-especially for old bottles-even though this "psychic" dividend is probably small relative to financial returns. Using an arithmetic repeat-sales regression, we estimate an annualized real financial return to wine investments (net of insurance and storage costs) of 4.1% between 1900 and 2012. Wine returns are lower than equity returns but positively correlated with them, yet wine does outperform government bonds, art, and stamps. We note that the historical returns on wine documented here may have exceeded ex ante expectations. ABOUT ELROY DIMSON: Elroy Dimson co-directs the Centre for Endowment Asset Management at Cambridge Judge Business School, chairs the Strategy Council for the Norwegian Government Pension Fund, chairs the Policy Committee for FTSE Group, and is Emeritus Professor of Finance at London Business School. His publications include Triumph of the Optimists, Endowment Asset Management, and the Global Investment Returns Yearbook. He has been an Associate Editor of Journal of Finance, Review of Finance and other journals. A co-designer of the FTSE 100 index, Elroy chairs FTSE's advisory board and serves on the Financial Analysts Journal board. He is on the investment committees of Guy's & St Thomas' Charity and the Foundation for Social Entrepreneurs. He is past president of the European Finance Association, and Honorary Fellow of the CFA Society of the UK (FSIP) and of the Institute of Actuaries. He recently received the CFA Institute's James Vertin award, the Moskowitz prize, and the Bernstein Fabozzi/Jacobs Levy award. REGISTRATION IS REQUIRED. We kindly ask to register before March 10th at office(a)si-researchcenter.at LOCATION: WU, Building LC (Library & Learning Center), Festsaal 1 (http://gis.wu.ac.at/index.html?roomShow=LC.0.100) Welthandelsplatz 1, 1020 Vienna Contact and further information: WU, Institute for Finance, Banking and Insurance att. Martina Schlichting Welthandelsplatz 1, Building D4, 4th Floor 1020 Vienna Phone: +43 1 31336 6315 Mail: office(a)si-researchcenter.at, Web: www.si-researchcenter.at

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[VFN] INVITATION - 7th Financial Risks International Forum 2014 - Paris, March 20 & 21, 2014
by Institut Louis Bachelier 17 Feb '14

17 Feb '14

INVITATION 7th Financial Risks International Forum BIG DATA IN FINANCE AND INSURANCE Paris, March 20 & 21 2014 The Louis Bachelier "Finance and Sustainable Growth" Laboratory is pleased to invite you to the 7th Financial Risks International Forum. In the current context, this year's forum will focus on "BIG DATA IN FINANCE AND INSURANCE". Papers will address topics such as: - Large Scale Linear and Nonlinear Factor Models, Granularity, Nonlinear Principal Component Analysis, Construction of Indexes from Large Data Sets; - Behavioral Scores, Real Time Updating of Scores and Rankings - Analysis of Retail Contracts, of Balance Sheets Histories, of Investors and Fund Managers Behavior, of Risk Appetite Indicators Given on Google; - Analysis of Markets with Highly Differentiated Products: Pricing the Quality Characteristics, Hedonic Price Indexes, Application to Markets of Physical Goods - Contagion and Systemic Risk, Regulation in a Large Dataset Environment, Non Regulated Web Currencies - Effect of Big Data on the Organization of the Markets (Web Market Monitoring), on the Role of Intermediaries, on the Product Design - High Frequency Data, Market Microstructure. The aim of this event is to showcase the very best of international research, selected by our international scientific committee, chaired by Marie BRIERE - Amundi, Paris-Dauphine University and Université Libre de Bruxelles -. Panel sessions will be led by industry professionals, with workshops that encourage dialog among researchers and working financial professionals. The scientific committee's rigorous requirements, combined with the outstanding quality of the papers, ensure an event meets the highest level of international standards. Our guest speakers for this edition are: - Liran EINAV, Stanford University - Joseph Joey ENGELBERG, University of California, San Diego - Roberto RIGOBON, MIT Sloan School of Management The forum will take place on March, Thursday 20th and Friday 21rst, 2014 at the Paris Ile-de-France Regional Chamber of Commerce and Industry / Chambre de Commerce et d'Industrie de Région Paris-Ile-de-France. CCIP, 27 avenue de Friedland, 75008 Paris. Click here for the most recent agenda: http://risk2014.institutlouisbachelier.org If you would like to join us for interactive debates, please kindly register online: http://www.financialrisksforum.com/cgi-bin/risk2014/risk-inscrire?e=2014

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[VFN] Job Offer WU - Universitätsassistent/in prae doc
by Fuchs, Daniela 13 Feb '14

13 Feb '14

Im INSTITUTE FOR FINANCE, BANKING AND INSURANCE ist voraussichtlich ab 1. April 2014 bis 31. März 2020 eine Stelle für einen Universitätsassistenten/eine Universitätsassistentin prae doc (Teaching and Research Associate) (Angestellte/r gemäß Kollektivvertrag für die Arbeitnehmer/innen der Universitäten, monatliches Mindestentgelt: 1.961,85 € brutto, Anrechnung von tätigkeitsbezogenen Vordienstzeiten möglich) Beschäftigungsausmaß: 75% (30 Std./Woche) zu besetzen. AUFGABENGEBIET: Unterstützung und Mitarbeit in der Lehre und Forschung im Bereich Finance, Risk Management oder Insurance NOTWENDIGE KENNTNISSE UND QUALIFIKATIONEN: Wirtschaftswissenschaftliches Studium mit Schwerpunkt in Finanzwirtschaft bzw. einer benachbarten Wissenschaftsdisziplin oder Abschluss des Studienzweiges Wirtschaftsmathematik, Statistik oder Physik; Voraussetzungen für die Aufnahme bzw. Absolvierung eines wirtschaftswissenschaftlichen Doktoratsstudiums (prae doc) ERWÜNSCHTE KENNTNISSE UND QUALIFIKATIONEN: Starkes Interesse am wissenschaftlichen Arbeiten mit Anwendungen in Corporate Finance, Corporate Risk Management, Insurance oder Fair Value Accounting und Kapitalmarktregulierung mit dem Ziel der Promotion; sehr gute Kenntnisse im Bereich quantitativer und analytischer Methoden in den Wirtschaftswissenschaften; sehr gute Englischkenntnisse, Teamfähigkeit und Selbständigkeit Kennzahl: 2005 Ende der Bewerbungsfrist: 12. März 2014 http://www.wu.ac.at/jobs Daniela Fuchs _______________________________________________________ Office FAS (D4) Department of Finance, Accounting and Statistics WU Wirtschaftsuniversität Wien Vienna University of Economics and Business Welthandelsplatz 1, Building D4, Entrance A, 4th floor, 1020 Vienna, Austria [T] +43 1 31336/4691 [F] +43 1 31336/904691 [E] daniela.fuchs(a)wu.ac.at<mailto:daniela.fuchs@wu.ac.at> www.wu.ac.at/finance<http://www.wu.ac.at/finance>

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[VFN] INVITATION - 7th Financial Risks International Forum 2014 - Paris, March 20 & 21, 2014
by Institut Louis Bachelier 29 Jan '14

29 Jan '14

To: vfn-l(a)fam.tuwien.ac.at INVITATION 7th Financial Risks International Forum BIG DATA IN FINANCE AND INSURANCE Paris, March 20 & 21 2014 The Louis Bachelier "Finance and Sustainable Growth" Laboratory is pleased to invite you to the 7th Financial Risks International Forum. In the current context, this year's forum will focus on "BIG DATA IN FINANCE AND INSURANCE". Papers will address topics such as: - Large Scale Linear and Nonlinear Factor Models, Granularity, Nonlinear Principal Component Analysis, Construction of Indexes from Large Data Sets; - Behavioral Scores, Real Time Updating of Scores and Rankings - Analysis of Retail Contracts, of Balance Sheets Histories, of Investors and Fund Managers Behavior, of Risk Appetite Indicators Given on Google; - Analysis of Markets with Highly Differentiated Products: Pricing the Quality Characteristics, Hedonic Price Indexes, Application to Markets of Physical Goods - Contagion and Systemic Risk, Regulation in a Large Dataset Environment, Non Regulated Web Currencies - Effect of Big Data on the Organization of the Markets (Web Market Monitoring), on the Role of Intermediaries, on the Product Design - High Frequency Data, Market Microstructure. The aim of this event is to showcase the very best of international research, selected by our international scientific committee, chaired by Marie BRIERE - Amundi, Paris-Dauphine University and Université Libre de Bruxelles -. Panel sessions will be led by industry professionals, with workshops that encourage dialog among researchers and working financial professionals. The scientific committee's rigorous requirements, combined with the outstanding quality of the papers, ensure an event meets the highest level of international standards. Our guest speakers for this edition are: - Liran EINAV, Stanford University - Joseph Joey ENGELBERG, University of California, San Diego - Roberto RIGOBON, MIT Sloan School of Management The forum will take place on March, Thursday 20th and Friday 21rst, 2014 at the Paris Ile-de-France Regional Chamber of Commerce and Industry / Chambre de Commerce et d'Industrie de Région Paris-Ile-de-France. CCIP, 27 avenue de Friedland, 75008 Paris. If you would like to join us for interactive debates, please kindly register online: http://www.financialrisksforum.com/cgi-bin/viewlink?k=67685055&r=163199678

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[VFN] INVITATION: Investement Talk with Elroy Dimson, March 19
by Schlichting, Martina 21 Jan '14

21 Jan '14

INVITATION We are pleased to invite you to our next Investment Talk, organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and provides a platform for exchange in the field of asset management between academics, practitioners and the public. Both the topic and the speaker for our next event are particularly interesting. We will be discussing the risk and return characteristics of five long-established Bordeaux wines, with price histories that go back more than 100 years. Our speaker is Professor Elroy Dimson, who is well-known for his important contributions in the field of asset management, such as his work on estimating betas or his work on risk premia in the stock markets. INVESTMENT TALK Date: Wednesday, March 19, 2014 - 4 pm Speaker: Prof. Elroy Dimson Topic: "THE PRICE OF WINE" ABSTRACT: We examine the impact of aging on wine prices and the performance of wine as a long-term investment, using a unique historical database for five long-established Bordeaux wines that we construct from auction and dealer prices. We estimate the life-cycle price patterns with a regression model that avoids multicollinearity between age, vintage year, and time by replacing the vintage effects with annual data on production yields and weather quality. In line with the predictions of an illustrative model, we observe the highest rates of appreciation for young high-quality wines that are still maturing. The findings suggest that the non-financial "psychic return" to holding wines that are substantially beyond maturity is at least 1%. Using an arithmetic repeat-sales regression, we estimate an annualized return to wine investments (net of insurance and storage costs) of 4.1%, in real GBP terms, between 1900 and 2012. Wine underperforms equities over this period, but outperforms government bonds, art, and stamps. Wine and equity returns are positively correlated. Registration is required. ABOUT ELROY DIMSON: Elroy Dimson co-directs the Centre for Endowment Asset Management at Cambridge Judge Business School, chairs the Strategy Council for the Norwegian Government Pension Fund, chairs the Policy Committee for FTSE Group, and is Emeritus Professor of Finance at London Business School. His publications include Triumph of the Optimists, Endowment Asset Management, and the Global Investment Returns Yearbook. He has been an Associate Editor of Journal of Finance, Review of Finance and other journals. A co-designer of the FTSE 100 index, Elroy chairs FTSE's advisory board and serves on the Financial Analysts Journal board. He is on the investment committees of Guy's & St Thomas' Charity and the Foundation for Social Entrepreneurs. He is past president of the European Finance Association, and Honorary Fellow of the CFA Society of the UK (FSIP) and of the Institute of Actuaries. He recently received the CFA Institute's James Vertin award, the Moskowitz prize, and the Bernstein Fabozzi/Jacobs Levy award. REGISTRATION IS REQUIRED. We kindly ask to register before March 10th at office(a)si-researchcenter.at LOCATION: WU, Building LC (Library & Learning Center), Festsaal 1 (http://gis.wu.ac.at/index.html?roomShow=LC.0.100) Welthandelsplatz 1, 1020 Vienna Contact and further information: WU, Institute for Finance, Banking and Insurance att. Martina Schlichting Welthandelsplatz 1, Building D4, 4th Floor 1020 Vienna Phone: +43 1 31336 6315 Mail: office(a)si-researchcenter.at, Web: www.si-researchcenter.at

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[VFN] INVITATION Jan 21: WU Gutmann Center Public Lecture Stephen Satchell: "Psychic Returns to Cultural Investments"
by Alois Geyer 08 Jan '14

08 Jan '14

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) ************************************************************************* Date: JANUARY 21 (Tuesday), 2014, 4:00 pm Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Wien Speaker: Prof. Stephen Satchell, University of Sydney and University of Cambridge http://sydney.edu.au/business/staff/stephens Title: "Psychic Returns to Cultural Investments" ABSTRACT: This paper presents procedures for evaluating psychic returns to cultural assets. Measuring the psychic return of art investments is an important issue in cultural economics. We focus on the psychic returns of art relative to equity using British data from 1895 to 2011. However, our arguments are entirely general. We take into account the substantial costs involved in art investment and also discuss the existing estimates of the psychic returns to art in the literature which are typically between 10 to 30 percent. Applying utility based models and equilibrium based models, we construct new estimates of psychic returns based on plausible portfolio weights and also trace the linkages of psychic returns of art to other markets by an examination of trade flows. About Stephen Satchell: Stephen Satchell is working on a number of topics in the broad areas of econometrics, finance, risk measurement and utility theory. He has an interest in both theoretical and empirical problems. Many of his research problems are motivated by practical investment issues. His current research looks at alternative methods of portfolio construction and risk management, as well as on non-linear dynamic models. He is also active in researching the UK mortgage and housing markets. Stephen Satchell is the editor of the Journal of Asset Management, and he has published extensively in various top-journals. He has strong links with Inquire (Institute for Quantitative Investment Research), an organization that finances academic research on quantitative investment. He is also on the management committee of LQG (London Quant Group). Stephen Satchell is a Fellow of Trinity College Cambridge where he has Isaac Newton's rooms. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at

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[VFN] CALL FOR PAPERS - 7th Financial Risks International Forum (2014 session) - Deadline: December 6, 2013 (fwd)
by VFN-L admin * Andreas Schamanek 28 Nov '13

28 Nov '13

---------- Forwarded message ---------- Date: Thu, 28 Nov 2013 00:13:56 +0100 (CET) From: Institut Louis Bachelier <risk(a)institutlouisbachelier.org> To: "vfn-l(a)fam.tuwien.ac.at" <vfn-l(a)fam.tuwien.ac.at> Subject: CALL FOR PAPERS - 7th Financial Risks International Forum (2014 session) - Deadline: December 6, 2013 To vfn-l(a)fam.tuwien.ac.at CALL FOR PAPERS 7th Financial Risks International Forum ----------------------------------------- BIG DATA IN FINANCE AND INSURANCE Paris, March 20 & 21, 2014 The Financial Risks International Forum on "Big Data in Finance and Insurance" is an International Research Forum for academics and professionals organized by The Louis Bachelier "Finance and Sustainable Growth" Laboratory. We invite academics, professionals and regulators to submit papers for this meeting which will take place in Paris on March 20 & 21, 2014. The aim of this conference is to highlight the methodological, organizational and regulatory challenges posed by the availability of large data sets in Finance. The sets of available data increased for different reasons such as the possibility to collect data on individual contracts, to enlarge the set of observed individual variables, to consider differentiated financial products or to increase the observation frequency. A non limitative list of topics of interest is given below: - Large Scale Linear and Nonlinear Factor Models, Granularity, Nonlinear Principal Component Analysis, Construction of Indexes from Large Data Sets; - Social Networks, Behavioral Scores, Real Time Updating of Scores and Rankings (Driving Behavior Monitoring from Onboard Sensor's Data, Academic Research Ranking, etc.); - Analysis of Retail Contracts, of Balance Sheets Histories, of Investors and Fund Managers Behavior, of Risk Appetite Indicators Given on Google; - Contagion and Systemic Risk: How to Structure Large Networks?; - Regulation in a Large Dataset Environment: Quick Detection of Anomalies, Control of the Available Information, Technological Risks, Non Regulated Web Currencies; - Microprudential Foundations of Macroprudential Regulation; - Analysis of Markets with Highly Differentiated Products: Pricing the Quality Characteristics, Hedonic Price Indexes, Application to Markets of Physical Goods (Real Estate Markets, Art Markets, Commodity Markets, etc.); - Effect of Big Data on the Organization of the Markets (Web Market Monitoring), on the Role of Intermediaries (Crowdfunding), on the Product Design (Effect of an On-Board GPS on the Design and Market of Car Insurance Contracts, etc.); - High Frequency Data (Asymmetric Information vs Asymmetric Treatment of Information), Market Microstructure; - IO Implications of Big Data (Economic Challenges posed by Big Data Access). PAPER SUBMISSION: A complete paper in PDF format must be submitted electronically by December 6, 2013 using the submission form. Click below to submit your paper: http://www.financialrisksforum.com/risk2014/submit_work.phtml The results of the selection procedure will be set by mid-January 2014. For any inquiry: risk(a)institutlouisbachelier.org EXPENSES: The Institut Louis Bachelier may cover part of travel and accommodation expenses for the authors of selected papers (upon request and only for speakers).

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[VFN] AWG 2013 - Program and invitation for participation
by Wolfgang Aussenegg 04 Nov '13

04 Nov '13

Please ignore the first AWG announcement, as the links do not work properly. Sorry for any inconvenience! Program and invitation for participation 28th Workshop of the Austrian Working Group on Banking and Finance 22 and 23 November 2013 Vienna University of Technology We kindly invite all researchers and practitioners interested in the field of Banking and Finance to participate in the 28th Workshop of the Austrian Working Group on Banking and Finance (AWG). The program can be downloaded from our web site: http://www.imw.tuwien.ac.at/fc/awg_2013/ Registration Participation is free. Participants (depart from presenters and a few people that already indicated their participation) are kindly asked to register via e-mail to Wolfgang Aussenegg until Tuesday, 19.11.2013: waussen(a)pop.tuwien.ac.at Conference Dinner The conference dinner (sponsored by BWG) takes place at the restaurant “Gußhaus” (Gußhausstraße 23, 1040 Vienna), starting at 19:30 on Friday, 22.11.2013. We also kindly ask all participants (including presenters) intending to join us for the conference dinner to register via Doodle until 19.11.2013. Link to the online survey: http://doodle.com/5byyzabxs5hrud3e -- *********************************************************** a.o.Univ.-Prof. Dr. Wolfgang Aussenegg Institut für Managementwissenschaften Bereich Finanzwirtschaft und Controlling Technische Universität Wien (DVR-Nummer 0005886) Phone: +43-1-58801 - 33082 Fax: +43-1-58801 - 33098 E-mail: waussen(a)pop.tuwien.ac.at Web: http://www.imw.tuwien.ac.at/fc/ Adresse: Theresianumgasse 27 A-1040 Wien Österreich

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[VFN] AWG 2013 - Program and invitation for participation
by Wolfgang Aussenegg 04 Nov '13

04 Nov '13

*Program and invitation for participation* *28^th Workshop of the* *Austrian Working Group on Banking and Finance* *22 and 23 November 2013* *Vienna University of Technology* *http://www.imw.tuwien.ac.at/fc/awg_2013/* ** We kindly invite all researchers and practitioners interested in the field of Banking and Finance to participate in the 28th Workshop of the Austrian Working Group on Banking and Finance (AWG). The program can be downloaded from our web site: (*http://www.imw.tuwien.ac.at/fc/awg_2013/*)*.* *Registration* Participation is free. Participants (depart from presenters and a few people that already indicated their participation) are kindly asked to *register via e-mail* to Wolfgang Aussenegg (*waussen(a)pop.tuwien.ac.at* <mailto:waussen@pop.tuwien.ac.at>) until Tuesday, 19.11.2013. *Conference Dinner* The conference dinner (sponsored by BWG) takes place at the restaurant "Gußhaus" (Gußhausstraße 23, 1040 Vienna), starting at 19:30 on Friday, 22.11.2013. We also kindly ask all participants (including presenters) intending to join us for the conference dinner to *register via Doodle* until 19.11.2013 (link to the online survey: *http://doodle.com/5byyzabxs5hrud3e*). -- *********************************************************** a.o.Univ.-Prof. Dr. Wolfgang Aussenegg Institut für Managementwissenschaften Bereich Finanzwirtschaft und Controlling Technische Universität Wien (DVR-Nummer 0005886) Phone: +43-1-58801 - 33082 Fax: +43-1-58801 - 33098 E-mail: waussen(a)pop.tuwien.ac.at Web: http://www.imw.tuwien.ac.at/fc/ Adresse: Theresianumgasse 27 A-1040 Wien Österreich

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[VFN] INVITATION Oct 29: WU Gutmann Center Public Lecture Suleyman Basak LBS: "The Financialization of Commodities"
by Alois Geyer 22 Oct '13

22 Oct '13

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) ************************************************************************* Date: OCTOBER 29 (Tuesday), 2013, 4:00 pm Location: NOTE! Other than stated in an earlier invitation the public lecture takes place at Bank Gutmann, Schwarzenbergplatz 16, A-1010 Wien Speaker: Prof. Suleyman Basak, London Business School and CEPR http://faculty.london.edu/sbasak/ Title: "The Financialization of Commodities " ABSTRACT: A sharp increase in the popularity of commodity investing in the past decade has triggered an unprecedented inflow of institutional funds into commodity futures markets. Such financialization of commodities coincided with significant booms and busts in commodity markets, raising concerns of policymakers. In this talk, I explore the effects of financialization in a model that features institutional investors alongside traditional futures markets participants. The institutional investors care about their performance relative to a commodity index. We find that if a commodity futures is included in the index, supply and demand shocks specific to that commodity spill over to all other commodity futures markets. In contrast, supply and demand shocks to a nonindex commodity affect just that commodity market alone. Moreover, prices and volatilities of all commodity futures go up, but more so for the index futures than for nonindex ones. Furthermore, financialization - the presence of institutional investors - leads to an increase in correlations amongst commodity futures as well as in equity-commodity correlations. Consistent with empirical evidence, the increases in the correlations between index commodities exceed those for nonindex ones. We perform a simple calibration and find that financialization accounts for 11% to 17% of commodity futures prices and the rest is attributable to fundamentals. About Suleyman Basak: Dr. Basak is Professor of Finance at London Business School and a Research Fellow to the Center of Economic Policy Research. He was an Assistant Professor of Finance at the Wharton School of the University of Pennsylvania, was a visitor at the Graduate School of Business at the University of Chicago, and acted as a consultant to Goldman, Sachs & Co. He received his Ph.D. in Financial Economics from Carnegie Mellon University. Dr. Basak´s research focuses on asset pricing, asset allocation, risk management, market imperfections, international finance and financial innovation. His work has addressed issues related to portfolio insurance, VaR-based risk management, benchmarking, credit risk, tax arbitrage, incentive problems plaguing institutional asset management, and mispricing, arbitrageurs and monopoly power in financial markets. His research is the recipient of several awards including the American Association of Individual Investors Award for the Best Paper on Investments, and the Alexander Henderson Award for Excellence in Economic Theory. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at

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[VFN] INVITATION Investment Seminar - November 26, 2013
by si-researchcenter 22 Oct '13

22 Oct '13

INVITATION We are pleased to invite you to this year's Investment Seminar (formerly Vienna Seminar on Asset Management), organized by the Spängler IQAM Research Center. The Center is a joint initiative of TU Vienna (Vienna University of Technology) and WU Vienna University of Economics and Business supported by Spängler IQAM Invest and combines the strengths of two leading Universities in Austria. It aims to be a platform for exchange in the field of asset management between academics, practitioners and the public. This is achieved by supporting the generation and implementation of knowledge and experience in the process of value creation for investors. INVESTMENT SEMINAR "Asset Management in Europe: Adapting to Institutional Change" Tuesday, November 26, 2013 3:15-3:30 pm WELCOME 3:30-5:00 pm SESSION 1: "Institutional Change in Europe", Session Chair: Engelbert Dockner (WU Vienna University of Economics and Business) 3:30-4:00 pm Lucrezia Reichlin (London Business School), "Post-Recession Europe: What are the Challenges" 4:00-4:30 pm Jan Pieter Krahnen (Goethe University Frankfurt), "Europe's New Bank Regulation: Implications for Investors" 4:30-5:00 pm Discussion 5:00-5:30 pm Coffee break 5:30-6:45 pm SESSION 2: "New Developments in Asset Management", Panel Discussion, Session Chair: Josef Zechner (WU Vienna University of Economics and Business) Discussants: Thomas Dangl (TU Vienna), Raman Uppal (EDHEC Business School), Doron Avramov (The Hebrew University of Jerusalem), Amit Goyal (University of Lausanne) 7:00 pm Refreshments Registration is required. We kindly ask to register at office(a)si-researchcenter.at Location: WU, Building LC (Library & Learning Center), Festsaal 2 (http://gis.wu.ac.at/index.html?roomShow=LC.0.200) Welthandelsplatz 1, 1020 Vienna Contact and further information: WU, Institute for Finance, Banking and Insurance att. Martina Schlichting Welthandelsplatz 1, Building D4, 4th Floor 1020 Vienna Phone: +43 1 31336 6315 Mail: office(a)si-researchcenter.at Web: www.si-researchcenter.at

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[VFN] INVITATION Oct 29: WU Gutmann Center Public Lecture Suleyman Basak LBS: "The Financialization of Commodities"
by gutmann-center＠wu.ac.at 14 Oct '13

14 Oct '13

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE (apologies for duplicated mails!) ************************************************************************* Date: OCTOBER 29 (Tuesday), 2013, 4:00 pm Location: WU Campus, AD.0.144 (Sitzungssaal 1), Welthandelsplatz 1, 1020 Wien Speaker: Prof. Suleyman BASAK, London Business School and CEPR http://faculty.london.edu/sbasak/ Title: "THE FINANCIALIZATION OF COMMODITIES" ABSTRACT: A sharp increase in the popularity of commodity investing in the past decade has triggered an unprecedented inflow of institutional funds into commodity futures markets. Such financialization of commodities coincided with significant booms and busts in commodity markets, raising concerns of policymakers. In this talk, I explore the effects of financialization in a model that features institutional investors alongside traditional futures markets participants. The institutional investors care about their performance relative to a commodity index. We find that if a commodity futures is included in the index, supply and demand shocks specific to that commodity spill over to all other commodity futures markets. In contrast, supply and demand shocks to a nonindex commodity affect just that commodity market alone. Moreover, prices and volatilities of all commodity futures go up, but more so for the index futures than for nonindex ones. Furthermore, financialization - the presence of institutional investors - leads to an increase in correlations amongst commodity futures as well as in equity-commodity correlations. Consistent with empirical evidence, the increases in the correlations between index commodities exceed those for nonindex ones. We perform a simple calibration and find that financialization accounts for 11% to 17% of commodity futures prices and the rest is attributable to fundamentals. About Suleyman Basak: Dr. Basak is Professor of Finance at London Business School and a Research Fellow to the Center of Economic Policy Research. He was an Assistant Professor of Finance at the Wharton School of the University of Pennsylvania, was a visitor at the Graduate School of Business at the University of Chicago, and acted as a consultant to Goldman, Sachs & Co. He received his Ph.D. in Financial Economics from Carnegie Mellon University. Dr. Basak's research focuses on asset pricing, asset allocation, risk management, market imperfections, international finance and financial innovation. His work has addressed issues related to portfolio insurance, VaR-based risk management, benchmarking, credit risk, tax arbitrage, incentive problems plaguing institutional asset management, and mispricing, arbitrageurs and monopoly power in financial markets. His research is the recipient of several awards including the American Association of Individual Investors Award for the Best Paper on Investments, and the Alexander Henderson Award for Excellence in Economic Theory. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-5238 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) Department of Finance, Accounting and Statistics Sabina Krickl www.gutmann-center.at

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[VFN] Ausschreibung FH-Professur Bank- und Versicherungswirtschaft
by Mestel Roland 11 Oct '13

11 Oct '13

Das Institut für Bank- und Versicherungswirtschaft der FH JOANNEUM strebt eine führende Position in der berufsbegleitenden akademischen Ausbildung für die Bank- und Versicherungswirtschaft in Österreich an. Zu diesem Zweck gelangt folgende Stelle zur Ausschreibung: FH-Professur für Bank- und Versicherungswirtschaft Anforderungsprofil: Gesucht wird eine Persönlichkeit, die über fundierte theoretische Kenntnisse und umfassende Berufserfahrung in qualifizierter/leitender Position in der Bank- bzw. Versicherungswirtschaft verfügt. Wünschenswert sind Know-how bzw. Projekterfahrung in einem der nachstehenden Bereiche in der Bank- bzw. Versicherungswirtschaft: Asset Management, Aufsicht und Regulierung, Controlling und Unternehmenssteuerung, Geschäftsprozessmanagement, Privat- und Geschäftskunden, Produktentwicklung, Risikomanagement, Unternehmensentwicklung, Vertriebsmanagement. Einstellungsvoraussetzungen sind ein abgeschlossenes Hochschulstudium (Master bzw. Diplom), eine fünfjährige einschlägige Berufspraxis, von der möglichst drei Jahre außerhalb einer Hochschule ausgeübt worden sein sollen, sowie die besondere Befähigung zu wissenschaftlicher Arbeit, vorzugsweise belegt durch eine Promotion. Darüber hinaus wird ein Nachweis über eine entsprechende pädagogisch-didaktische Eignung erwartet. BewerberInnen mit einem ausgeprägten versicherungswirtschaftlichen Hintergrund werden bevorzugt behandelt. Aufgabengebiete: - Abhaltung von einschlägigen Lehrveranstaltungen aus Bank- bzw. Versicherungswirtschaft; - Betreuung von akademischen Abschlussarbeiten (Bachelor- und Masterarbeiten); - Akquisition und Durchführung von einschlägigen anwendungsbezogenen Forschungsprojekten; - Engagement beim Auf- und Ausbau von Kooperationen und Schwerpunkten in Forschung und Lehre am Institut; - Bereitschaft zur aktiven Mitgestaltung bei Aufbau und Entwicklung neuer Studiengänge (insbesondere dem Master-Studiengang Bank- und Versicherungsmanagement) sowie Weiterbildungsangeboten des Instituts für Bank- und Versicherungswirtschaft. Beschäftigungsausmaß: 50 - 100% Monatliches Mindestgehalt : EUR 3.850,- brutto bei 100% (Überzahlung möglich) Dienstbeginn: Jänner 2014 Dienstort: Graz Ihre schriftliche Bewerbung mit aussagekräftigen Bewerbungsunterlagen schicken Sie bitte unter Angabe der Kennnummer KN 820 13 004 bis zum Montag, 4. November 2013 an: FH JOANNEUM Gesellschaft mbH, z. H. Herr David Puhl Alte Poststraße 147, 8020 Graz, Österreich Tel: +43 (0)316 54 53-8807, Fax: +43 (0)316 54 53-98807 E-Mail: david.puhl(a)fh-joanneum.at<mailto:david.puhl@fh-joanneum.at> www.fh-joanneum.at/jobs<http://www.fh-joanneum.at/jobs> Nähere Informationen erhalten Sie von: Ao. Univ.-Prof. Dr. Roland Mestel Leiter Institut für Bank- und Versicherungswirtschaft Tel: +43 (0)316 5453-7100 E-Mail: roland.mestel(a)fh-joanneum.at<mailto:roland.mestel@fh-joanneum.at> FH JOANNEUM Gesellschaft mbH Rechtsform/Legal form: GmbH Firmenbuchgericht/Court of registry: Landesgericht für ZRS Graz Firmenbuchnummer/Company registration: FN 125888 f DVR: 0813559 UID-Nr.: ATU 42361001

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[VFN] PRisMa 2013: One-Day Workshop on Portfolio Risk Management
by Sandra Trenovatz 12 Sep '13

12 Sep '13

========================================================== PRisMa 2013: One-Day Workshop on Portfolio Risk Management ========================================================== WEB PAGE: <http://www.fam.tuwien.ac.at/prisma2013/> ORGANIZED BY: - PRisMa Lab <http://www.prismalab.at/> DATE/TIME: Friday, September 27th, 2013, 9:20 - 16:30 plus bread & wine afterwards SPONSORED BY: - Christian Doppler Research Association - Bank Austria - Austrian Federal Financing Agency (ÖBFA) - COR&FJA - Österreichische Kontrollbank (OeKB) LOCATION: Vienna University of Technology Karlsplatz 13, 1040 Vienna, Austria Lecture Hall 6 (Main Building "Hauptgebäude" of TU Wien, ground floor) Participation is free. See information for registration below. Everyone is welcome, practitioners are especially encouraged to attend. PROGRAM: 9:20 - 9:30 Prof. Dr. Uwe Schmock Welcome 9:30 - 10:30 Prof. Dr. Andreas Kyprianou Censored Stable Processes 10:30 - 10:50 Coffee Break 10:50 - 11:30 Dr. Christa Cuchiero An HJM Approach to Multiple-Curve Modeling 11:30 - 12:00 Sühan Altay, MSc Yield Curve Scenario Generation with Independent Component Analysis 12:00 - 13:30 Lunch Break 13:30 - 14:15 PD Dr. Stefan Gerhold Local Volatility Models: Approximation and Regularization 14:15 - 15:00 Jonas Hirz, MSc Risk Measures: From the Unconditional to the Conditional Case 15:00 - 15:20 Coffee Break 15:20 - 16:00 Dr. Julia Eisenberg Optimal Consumption Under Deterministic Income 16:00 - 16:30 DI I. Cetin Gülüm On the Existence of an Equivalent Martingale Measure in the Dalang-Morton-Willinger Theorem, which Preserves the Dependence Structure 16:30 - 18:00 Bread and Wine ABSTRACTS and LINKS: <http://www.fam.tuwien.ac.at/prisma2013/> REGISTRATION: Participation is free, and there is no official registration - nevertheless for administrative reasons we would be happy if you write a short email to our secretary (see below) with your name and university or company. Everyone is welcome, practitioners are especially encouraged to attend. For actuaries, this workshop counts up to 5 points for their continuing professional development (morning and afternoon part each 2.5 points). For a corresponding certificate, please register in advance for the morning and/or afternoon part of the workshop by sending an email with your name and postal address to the workshop secretary (see below) and sign up when you actually attend the workshop. Organisers: - Prof. Dr. Uwe Schmock (FAM @ TU Wien) - Prof. Dr. Thorsten Rheinländer (FAM @ TU Wien) Workshop Secretary: Ms. Sandra Trenovatz and Mr. Martin Trenovatz (FAM @ TU Wien) Phone: +43-1-58801-10511 E-mail: fam(a)fam.tuwien.ac.at FURTHER EVENTS: Lecture Series in Financial and Actuarial Mathematics ===================================================== Monday, September 16, 2013, 16:30 Vienna University of Technology, 1040 Wien, Wiedner Hauptstrasse 8, Freihaus building, yellow area, 2nd floor, lecture hall "Freihaus Hörsaal 3" Prof. Dr. Nikolai V. Kolev (Department of Statistics, University of Sao Paulo, Brazil) "Continuous Bivariate Distributions with Linear Sum of the Hazard Gradient Components and Actuarial Applications" http://www.fam.tuwien.ac.at/vr/20130916.php For actuaries, this talk counts 1 point for their continuing professional development. EAJ 2014 - 2nd European Actuarial Journal Conference 2014 ========================================================= Wednesday, September 10 - Friday, September 12, 2014 Vienna University of Technology, Wiedner Hauptstraße 8, 1040 Wien http://www.fam.tuwien.ac.at/eaj2014/

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[VFN] 2nd Call for Papers - Workshop of the AWG
by Wolfgang Aussenegg 30 Aug '13

30 Aug '13

*2nd Call for Papers* *28^th Workshop of the Austrian Working Group on Banking and Finance* ** *22 and 23 November 2013, Vienna University of Technology* *http://www.imw.tuwien.ac.at/fc/awg_2013/* *Jointly Organized by* Financial Enterprise Management Group (Bereich Finanzwirtschaft und Controlling), Vienna University of Technology, Vienna, Austria Austrian Society for Bank Research (BWG), Vienna, Austria *Aim and Topics* The aim of the workshop is to generate a discussion forum for theoretical and empirical research in all areas of banking and financethroughout Austria. All researchers (especially also junior researchers) at universities and other research institutions as well as practitioners of the financial industry (including finance departments of industrial and service companies) are highly welcome to submit and present their research. Junior researchers are, e.g. encouraged to present one of their PhD Thesis papers/projects. Full papers or detailed abstracts (about 2 pages) in all areas of banking and finance are welcome. Topics can include but are not limited to: Arbitrage Pricing, Behavioral Finance, Capital Market Theory, Capital Requirements of Financial Institutions, Commercial Banking, Contingent Claims Analysis, Corporate Finance, Financial Innovations, Financial Markets Research, Intermediaries, International Banking and Finance, Investment Banking, Options and Futures, Performance Measurement, Portfolio Management, Risk Management, Security Analysis. *Submissions and Important Dates* Those wishing to present their research at the workshop are invited to submit a full paper or a detailed abstract of about 2 pages via e-mail to _waussen(a)pop.tuwien.ac.at_, by *15 October 2013*. _Deadline_for Paper/Abstract Submission: *15 October 2013* _Notification_of acceptance by: 25 October 2013 (or earlier) _Registration_via e-mail to _waussen(a)pop.tuwien.ac.at_(if possible by 15 November 2013 (or earlier)) _Workshop dates_: Friday, 22 November 2013 (afternoon), Saturday, 23 November 2013 (morning) /Please note: There is NO submission or registration fee for the workshop./ Those that wish to have (in addition to comments and recommendations from the audience) a discussant for their paper should indicate this when submitting the paper. In this case a full paper has to be submitted by 1 October 2013. *Workshop Venue* The Workshop will take place at the following location: Vienna University of Technology, 1040 Vienna, Karlsplatz 13, Main Building, 1^st floor, Boecklsaal -- *********************************************************** a.o.Univ.-Prof. Dr. Wolfgang Aussenegg Institut für Managementwissenschaften Bereich Finanzwirtschaft und Controlling Technische Universität Wien (DVR-Nummer 0005886) Phone: +43-1-58801 - 33082 Fax: +43-1-58801 - 33098 E-mail: waussen(a)pop.tuwien.ac.at Web: http://www.imw.tuwien.ac.at/fc/ Adresse: Theresianumgasse 27 A-1040 Wien Österreich

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[VFN] Reminder - Invitation Spängler IQAM Invest Round Table July 2, 2013
by vsam 26 Jun '13

26 Jun '13

INVITATION - REMINDER The WU Institute for Finance, Banking and Insurance and Spängler IQAM Invest are pleased to invite you to a SPÄNGLER IQAM INVEST ROUND TABLE (apologies for duplicated mails!) DATE: Tue, July 2, 2013 - 4:30 pm SPEAKER: Prof. Dr. Douglas W. Diamond / Booth School of Business, University of Chicago TOPIC: "SHORT-TERM DEBT AND FINANCIAL REGULATION" ABSTRACT: Private financial crises are everywhere and always due to problems of short-term debt. Financial regulation can address many aspects of the financial sector, but it should focus on avoiding the excessive use of short-term debt without invoking excessive capital requirements. This is the way to have an impact on the risk of financial crises without destroying access to funding. Regulations based on this framework are proposed and evaluated. ABOUT DOUGLAS W. DIAMOND: Douglas W. Diamond specializes in the study of financial intermediaries, financial crises, and liquidity. His work has appeared in such notable journals as the Journal of Financial Economics, the Journal of Finance, the Review of Economic Studies, the American Economic Review, and the Journal of Political Economy. His research has been funded with grants from the National Science Foundation and the Garn Institute of Finance. He has taught at Yale and was a visiting professor at the Hong Kong University of Science and Technology as well as the University of Bonn. He is a research associate of the National Bureau of Economic Research and worked for the Board of Governors of the Federal Reserve System while a graduate student. In addition to his roles as a researcher and professor, Diamond is co-director of the Fama-Miller Center for Research in Finance at Chicago Booth, a visiting scholar at the Federal Reserve Bank of Richmond, a position he has held since 1990, and is on the Board of Directors of the Center for Research in Security Prices. Diamond is a former president of the American Finance Association and the Western Finance Association. He is also a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. He joined Chicago Booth in 1979. Diamond earned a bachelor's degree in economics from Brown University in 1975. He earned master's degrees in 1976 and 1977 and a PhD in 1980 in economics from Yale University. Further information about Douglas W. Diamond: http://www.chicagobooth.edu/faculty/directory/d/douglas-w-diamond REGISTRATION IS REQUIRED: We kindly ask to register at VSAM(a)wu.ac.at LOCATION: Seminar room 1 (Ground Floor), WU Institute for Finance, Banking and Insurance, Heiligenstädter Str. 46-48, 1190 Vienna, Austria Contact and further information: WU, Institute for Finance, Banking and Insurance att. Martina Schlichting Heiligenstädter Str. 46-48, 1190 Vienna Phone: +43 1 31336 6315 Mail: vsam(a)wu.ac.at Web: http://www.wu.ac.at/finance/coop/vsam

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[VFN] Invitation Spängler IQAM Invest Round Table July 2, 2013
by vsam 06 Jun '13

06 Jun '13

INVITATION The WU Institute for Finance, Banking and Insurance and Spängler IQAM Invest are pleased to invite you to a SPÄNGLER IQAM INVEST ROUND TABLE (apologies for duplicated mails!) DATE: Tue, July 2, 2013 - 4:30 pm SPEAKER: Prof. Dr. Douglas W. Diamond / Booth School of Business, University of Chicago TOPIC: "SHORT-TERM DEBT AND FINANCIAL REGULATION" ABSTRACT: Private financial crises are everywhere and always due to problems of short-term debt. Financial regulation can address many aspects of the financial sector, but it should focus on avoiding the excessive use of short-term debt without invoking excessive capital requirements. This is the way to have an impact on the risk of financial crises without destroying access to funding. Regulations based on this framework are proposed and evaluated. ABOUT DOUGLAS W. DIAMOND: Douglas W. Diamond specializes in the study of financial intermediaries, financial crises, and liquidity. His work has appeared in such notable journals as the Journal of Financial Economics, the Journal of Finance, the Review of Economic Studies, the American Economic Review, and the Journal of Political Economy. His research has been funded with grants from the National Science Foundation and the Garn Institute of Finance. He has taught at Yale and was a visiting professor at the Hong Kong University of Science and Technology as well as the University of Bonn. He is a research associate of the National Bureau of Economic Research and worked for the Board of Governors of the Federal Reserve System while a graduate student. In addition to his roles as a researcher and professor, Diamond is co-director of the Fama-Miller Center for Research in Finance at Chicago Booth, a visiting scholar at the Federal Reserve Bank of Richmond, a position he has held since 1990, and is on the Board of Directors of the Center for Research in Security Prices. Diamond is a former president of the American Finance Association and the Western Finance Association. He is also a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. He joined Chicago Booth in 1979. Diamond earned a bachelor's degree in economics from Brown University in 1975. He earned master's degrees in 1976 and 1977 and a PhD in 1980 in economics from Yale University. Further information about Douglas W. Diamond: http://www.chicagobooth.edu/faculty/directory/d/douglas-w-diamond REGISTRATION IS REQUIRED: We kindly ask to register at VSAM(a)wu.ac.at LOCATION: Seminar room 1 (Ground Floor), WU Institute for Finance, Banking and Insurance, Heiligenstädter Str. 46-48, 1190 Vienna, Austria Contact and further information: WU, Institute for Finance, Banking and Insurance att. Martina Schlichting Heiligenstädter Str. 46-48, 1190 Vienna Phone: +43 1 31336 6315 Mail: vsam(a)wu.ac.at Web: http://www.wu.ac.at/finance/coop/vsam

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[VFN] INVITATION June 11: WU Gutmann Center Symposium “SOVEREIGN CREDIT RISK AND ASSET MANAGEMENT”
by Grimm, Dorothea 27 May '13

27 May '13

INVITATION / CONFERENCE ANNOUNCEMENT The WU Gutmann Center for Portfolio Management is proud to invite to its seventh symposium. WU GUTMANN CENTER SYMPOSIUM 2013: “SOVEREIGN CREDIT RISK AND ASSET MANAGEMENT” JUNE 11, 2013 – 09:00-17:30 LOCATION: WU (Vienna University of Economics and Business) Augasse 2-6, (UZA 1), Festsaal, 1090 Vienna (Austria) REGISTRATION: Participation is free of charge, but REGISTRATION IS REQUIRED at gutmann-center(a)wu.ac.at CONFERENCE HOMEPAGE: http://www.wu.ac.at/wuw/other/gc/whatwedo/bridging/symposia/2013/index CONTACT AND FURTHER INFORMATION: www.gutmann-center.at Recent years have shown a widespread and largely unexpected increase in sovereign credit risk. Its consequences still affect financial markets, the investment industry and economies around the world. The associated challenge to understand its origins and to investigate its consequences is still a major subject of political, economic and scientific debate, which may well last for another couple of years. The main purpose of the WU Gutmann Symposium 2013 is to discuss various dimensions of sovereign credit risk and its implications for asset management. The papers of the symposium will focus on the following range of topics: sovereign credit risk, risk premia and stock market response; the role of governments and political uncertainty; banks' behavior and their systemic risk; sovereign bond and CDS markets. We are proud to welcome highly renowned experts from all over the world who will present their state-of-the-art research in the field, and cordially invite you to attend the WU Gutmann Center Symposium 2013. Nobel laureate William F. Sharpe, member of the WU Gutmann Center’s Academic Advisory Board, will open the symposium and chair the first session. **PROGRAM** 08:30 Registration 09:00-09:15 WELCOME Alexander Mürmann, Program Chair, WU Gutmann Center Regina Prehofer, Vice-Rector, Financial Affairs and Infrastructure, WU Friedrich Strasser, CIO and Member of the Board of Management, Bank Gutmann AG 09:15-10:45 SESSION I Chair: **William F. Sharpe, Stanford University** THE DYNAMICS OF SOVEREIGN CREDIT RISK Alexandre Jeanneret, HEC Montréal Discussant: Rüdiger Frey, WU THE WORLD PRICE OF CREDIT RISK Gergana Jostova, George Washington University Discussant: Nils Friewald, WU SOVEREIGN BOND RISK PREMIUMS Engelbert J. Dockner, WU Discussant: Kerstin Bernoth, DIW Berlin 10:45-11:15 Coffee Break 11:15-12:45 SESSION II Chair: Elroy Dimson, London Business School THE ASSET PRICING IMPLICATIONS OF GOVERNMENT ECONOMIC POLICY UNCERTAINTY Jonathan Brogaard, University of Washington Discussant: Benjamin Born, University of Mannheim SOVEREIGN DEBT RATING CHANGES, INSTITUTIONAL QUALITY AND THE STOCK MARKET George P. Nishiotis, University of Cyprus Discussant: Hermann Elendner, Humboldt-Universität zu Berlin THE SYSTEMIC RISK OF EUROPEAN BANKS DURING THE FINANCIAL AND SOVEREIGN DEBT CRISES Xin Huang, University of Oklahoma Discussant: David Veredas, Université libre de Bruxelles 12:45-13:45 Lunch Break 13:45-15:15 SESSION III: Chair: Christian Laux, WU GOVERNMENT GUARANTEES AND FINANCIAL STABILITY Agnese Leonello, University of Pennsylvania Discussant: Hendrik Hakenes, University of Bonn THE “GREATEST” CARRY TRADE EVER? UNDERSTANDING EUROZONE BANK RISKS Sascha Steffen, European School of Management and Technology, Berlin Discussant: Josef Zechner, WU SAFER RATIOS, RISKIER PORTFOLIOS: BANKS’ RESPONSE TO GOVERNMENT AID Denis Sosyura, University of Michigan Discussant: Gyöngyi Lóranth, University of Vienna 15:15-15:45 Coffee Break 15:45-17:15 SESSION IV Chair: Robert Korajczyk, Northwestern University CDS AND SOVEREIGN BOND MARKET LIQUIDITY Batchimeg Sambalaibat, Carnegie Mellon University Discussant: Giovanni Calice, University of Birmingham THE EXODUS FROM SOVEREIGN RISK: SOVEREIGN CEILING VIOLATIONS IN CREDIT DEFAULT SWAP MARKETS Jongsub Lee, University of Florida Discussant: Peter Posch, University of Ulm CREDIT-RISK VALUATION IN THE SOVEREIGN CDS AND BONDS MARKETS: EVIDENCE FROM THE EURO AREA CRISIS Sergio Mayordomo (University of Navarra) Discussant: Alois Geyer, WU 17:15 Concluding Remarks and Refreshments

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[VFN] INVITATION June 11: WU Gutmann Center Symposium “SOVEREIGN CREDIT RISK AND ASSET MANAGEMENT”
by Grimm, Dorothea 07 May '13

07 May '13

INVITATION / CONFERENCE ANNOUNCEMENT The WU Gutmann Center for Portfolio Management is proud to invite to its seventh symposium. WU GUTMANN CENTER SYMPOSIUM 2013: “SOVEREIGN CREDIT RISK AND ASSET MANAGEMENT” http://www.wu.ac.at/gc/whatwedo/bridging/symposia JUNE 11, 2013 – 09:00-17:30 Venue: WU Vienna, Festsaal, UZA 1, Augasse 2-6, 1090 Vienna (Austria) Recent years have shown a widespread and largely unexpected increase in sovereign credit risk. Its consequences still affect financial markets, the investment industry and economies around the world. The associated challenge to understand its origins and to investigate its consequences is still a major subject of political, economic and scientific debate, which may well last for another couple of years. The main purpose of the WU Gutmann Symposium 2013 is to discuss various dimensions of sovereign credit risk and its implications for asset management. The papers of the symposium will focus on the following range of topics: sovereign credit risk, risk premia and stock market response; the role of governments and political uncertainty; banks' behavior and their systemic risk; sovereign bond and CDS markets. We are proud to welcome highly renowned experts from all over the world who will present their state-of-the-art research in the field, and cordially invite you to attend the WU Gutmann Center Symposium 2013. **PROGRAM** THE DYNAMICS OF SOVEREIGN CREDIT RISK, Alexandre Jeanneret, HEC Montréal THE WORLD PRICE OF CREDIT RISK, Gergana Jostova, George Washington University SOVEREIGN BOND RISK PREMIUMS, Engelbert J. Dockner, WU THE ASSET PRICING IMPLICATIONS OF GOVERNMENT ECONOMIC POLICY UNCERTAINTY, Jonathan Brogaard, University of Washington SOVEREIGN DEBT RATING CHANGES, INSTITUTIONAL QUALITY AND THE STOCK MARKET, George P. Nishiotis, University of Cyprus THE SYSTEMIC RISK OF EUROPEAN BANKS DURING THE FINANCIAL AND SOVEREIGN DEBT CRISES, Xin Huang, University of Oklahoma GOVERNMENT GUARANTEES AND FINANCIAL STABILITY , Agnese Leonello, University of Pennsylvania THE “GREATEST” CARRY TRADE EVER? UNDERSTANDING EUROZONE BANK RISKS, Sascha Steffen, European School of Management and Technology, Berlin SAFER RATIOS, RISKIER PORTFOLIOS: BANKS’ RESPONSE TO GOVERNMENT AID, Denis Sosyura, University of Michigan SOVEREIGN BOND AND CREDIT DEFAULT SWAP MARKETS, Batchimeg Sambalaibat, Carnegie Mellon University THE EXODUS FROM SOVEREIGN RISK: SOVEREIGN CEILING VIOLATIONS IN CREDIT DEFAULT SWAP MARKETS, Jongsub Lee, University of Florida CREDIT-RISK VALUATION IN THE SOVEREIGN CDS AND BONDS MARKETS: EVIDENCE FROM THE EURO AREA CRISIS,Sergio Mayordomo, University of Navarra **PLEASE REGISTER not later than June 5, 2013**: gutmann-center(a)wu.ac.at Participation is free of charge Detailed program: http://www.wu.ac.at/gc/whatwedo/bridging/symposia CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU Vienna, Department of Finance, Accounting and Statistics Phone: +43-1-31336-4244 – Mail: gutmann-center(a)wu.ac.at www.gutmann-center.at

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[VFN] Masterstudiengang "Quantitative Asset and Risk Management" (ARIMA)
by Helmreich, Silvia 03 May '13

03 May '13

Sehr geehrte Damen und Herren, Der Studiengang "Quantitative Asset and Risk Management" (kurz: ARIMA) startet heuer im Herbst zum vierten Mal und die ersten AbsolventInnen haben hervorragende Chancen auf dem momentan doch recht schwierigen Arbeitsmarkt. **Für das kommende Studienjahr 2012/13 werden noch Bewerbungen bis zum 15. Juni 2012 entgegen genommen.** Die Entwicklung dieses Programmes erfolgte gemeinsam mit internationalen Partneruniversitaeten in Prag, Istanbul und Katowice und wurde von der EU als Joint Degree Curriculum Development Programm gefoerdert. Im 3. Semester findet daher ein verpflichtender Auslandsaufenthalt (zweimal 3 Wochen geblockt) bei einer der Partneruniversitaeten statt. Daraus ergibt sich auch, dass die Unterrichtssprache durchgaengig Englisch ist. Im Bereich Internationalisierung konnte außerdem mit der Universität Bologna, die einen Master in Quantitative Finance anbietet, ein Double Degree Abkommen abgeschlossen werden Das Ziel von ARIMA besteht darin, den Studierenden ein umfassendes Verstaendnis ueber die Zusammenhaenge zwischen Asset- und Risikomanagement im Finanzbereich zu vermitteln. Die AbsolventInnen erhalten eine fundierte Ausbildung im Risikomanagement (Quantifizierung von Risiken, Risikoaggregation; integrierte Steuerung von Banken und Versicherungen etc.) und Asset Management (Assetklassen, Portfolioselektion, Asset Liability Management, etc.). Hinzu treten methodisch-analytische Kenntnisse und Fertigkeiten, vor allem in Finanzmathematik und Statistik. Voraussetzungen zur Teilnahme am Masterprogramm: Im Anschluss an ein wirtschafts-, sozial-, natur- oder rechtswissenschaftliches oder technisches Studium einer Universitaet oder Fachhochschule kann der vier Semester umfassende und berufsbegleitend organisierte Masterstudiengang ARIMA absolviert werden. Weiters muessen besuchte Lehrveranstaltungen im Bereich Mathematik/Statisitk und Wirtschaftswissenschaften nachgewiesen werden. Aufnahmeverfahren: Formales Kriterium fuer die Teilnahme am Aufnahmeverfahren ist eine schriftliche Bewerbung bis spaetestens 15. Juni 2012. Das Aufnahmeverfahren selbst besteht aus einem strukturierten Interview (kurze Praesentation zu einem aktuellen Finanzthema auf Englisch und zusaetzliche Fragen zur Motivation fuer die Bewerbung) und einem Multiple-Choice Test. Die Literatur fuer den MC-Test kann von der homepage der FH des bfi Wien heruntergeladen werden. Der MC-Test findet am 26. Juni 2012 statt. Die strukturierten Interviews werden von Mitte Mai bis Ende Juni gefuehrt. Lektorenpool aus dem wissenschaftlichen und berufsrelvanten Bereich: Um einerseits theoretische Grundlagen zu vermitteln und andererseits die Anwendung der Theorie in der Praxis aufzuzeigen, konnten namhafte Lektoren aus diesen Bereichen fuer eine Vortragstaetigkeit in ARIMA gewonnen werden. Beispielshaft seien das IHS, die TU Wien, Oesterreichische Grossbanken und die OeNB genannt. Wir hoffen, Ihr Interesse fuer den neuen Studiengang geweckt zu haben und wuerden uns sehr freuen, wenn Sie dieses Schreiben an weiterbildungsinteressierte Personen in Ihrem Unternehmen weiterleiten wuerden. Fuer weitere Fragen stehen wir Ihnen gerne zur Verfuegung (silvia.helmreich(a)fh-vie.ac.at) oder besuchen Sie unsere homepage: http://www.fh-vie.ac.at/en/Degree-Programmes/Master/Quantitative-Asset-and-… Mit freundlichen Gruessen Prof.in (FH) Mag.a Silvia Helmreich Studiengangsleiterin ARIMA Fachhochschule des bfi Wien GmbH Wohlmutstrasse 22 1020 Wien Tel.: +43 1 7201286 - 972 e-mail: silvia.helmreich(a)fh-vie.ac.at http://www.fh-vie.ac.at P.S.: die Kosten des Masterstudienganges betragen EUR 363,36 im Semester. ________________________________ Firmenwortlaut: Fachhochschule des bfi Wien Gesellschaft m.b.H Firmenbuchnummer: 148597 a Firmenbuchgericht: Handelsgericht Wien Firmensitz: Wohlmutstraße 22, 1020 Wien This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of e-mail transmission. If verification is required please request a hard-copy version.

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[VFN] 28. Workshop der AWG
by office＠bwg.at 29 Apr '13

29 Apr '13

Die Austrian Working Group on Banking and Finance (AWG) der Österreichischen Bankwissenschaftlichen Gesellschaft veranstaltet gemeinsam mit der TU Wien, Institut für Managementwissenschaften, Abt. Finanzwirtschaft und Controlling, den 28. WORKSHOP First CALL for PAPERS Der Workshop findet am Freitag, dem 22. November 2013, nachmittags, und am Samstag, dem 23. November 2013, vormittags, an der TU Wien statt. Bezüglich der Themen ist keine Einschränkung vorgesehen. Papers oder Extended Abstracts (ca. zwei Seiten) können bis spätestens 15. Oktober 2013 bei Univ.-Prof. Dr. Wolfgang Aussenegg, Institut für Managementwissenschaften, Abt. Finanzwirtschaft und Controlling, TU Wien, Theresianumgasse 27, 1040 Wien oder e-mail: waussen(a)pop.tuwien.ac.at eingereicht werden. Um den angestrebten Workshop-Charakter der Veranstaltung zu fördern, können Papers durch einen Discussant besprochen werden. Jene Teilnehmer, die eine solche Vorgangsweise wünschen, werden gebeten, ihr Manuskript bis 1. Oktober 2013 einzureichen. Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmer: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte (Auswahl): Arbitrage Pricing – Behavioural Finance - Capital Market Theory – Capital Requirements of Financial - Commercial Banking – Contingent Claims Analysis – Corporate Finance – Financial Innovations – Financial Markets Research – Intermediaries – International Banking and Finance – Investment Banking – Options and Futures – Performance Measurement – Portfolio Management – Risk Management – Security Analysis.

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[VFN] Ausschreibung FH-Professur Versicherungswirtschaft
by Mestel Roland 27 Apr '13

27 Apr '13

Am Institut für Bank- und Versicherungswirtschaft der FH JOANNEUM gelangt folgende Stelle zur Ausschreibung: FH-ProfessorIn Schwerpunkt Versicherungswirtschaft Anforderungsprofil: Gesucht wird eine Persönlichkeit, die über fundierte theoretische Kenntnisse und umfassende Berufserfahrung in qualifizierter/leitender Position in der Versicherungswirtschaft verfügt. Wünschenswert sind Know-how bzw. Projekterfahrung in einem der nachstehenden Bereiche der Versicherungswirtschaft: Aufsicht und Regulierung, Geschäftsprozessmanagement, Risikomanagement, Versicherungsprodukte für Privat- und Firmenkunden, Versicherungscontrolling und -steuerung, Vertriebsmanagement. Einstellungsvoraussetzungen sind ein abgeschlossenes einschlägiges Hochschulstudium, eine fünfjährige einschlägige Berufspraxis, von der möglichst drei Jahre außerhalb einer Hochschule ausgeübt worden sein sollen, sowie die besondere Befähigung zu wissenschaftlicher Arbeit, vorzugsweise belegt durch eine Promotion. Darüber hinaus wird ein Nachweis über eine entsprechende pädagogisch-didaktische Eignung erwartet. Aufgabengebiete: * Abhaltung von einschlägigen Lehrveranstaltungen im Ausbildungsschwerpunkt Versicherungswirtschaft; * Betreuung von akademischen Abschlussarbeiten (Bachelor- und Masterarbeiten); * Akquisition und Durchführung von einschlägigen anwendungsbezogenen Forschungsprojekten; * Engagement beim Auf- und Ausbau von Kooperationen und Schwerpunkten in Forschung und Lehre am Institut; * Bereitschaft zur Mitarbeit bei Aufbau und Entwicklung neuer Studiengänge sowie Weiterbildungsangebote des Instituts für Bank- und Versicherungswirtschaft. Beschäftigungsausmaß: 75 - 100% Dienstbeginn: Juli 2013 Dienstort: Graz Ihre schriftliche Bewerbung mit aussagekräftigen Bewerbungsunterlagen schicken Sie bitte unter Angabe der KennnummerKN 820 13 001 bis zum Dienstag, 28. Mai 2013 an: FH JOANNEUM Gesellschaft mbH, z. H. Frau Sabrina Maria Auer Alte Poststraße 147, 8020 Graz, Österreich Tel: +43 (0)316 54 53-8867, Fax: +43 (0)316 54 53- 98867 E-Mail: SabrinaMaria.Auer(a)fh-joanneum.at www.fh-joanneum.at/jobs Nähere Informationen erhalten Sie von: Dr. Roland Mestel Leiter Institut für Bank- und Versicherungswirtschaft Tel: +43 (0)316 5453-7100 FH JOANNEUM Gesellschaft mbH Rechtsform/Legal form: GmbH Firmenbuchgericht/Court of registry: Landesgericht für ZRS Graz Firmenbuchnummer/Company registration: FN 125888 f DVR: 0813559 UID-Nr.: ATU 42361001

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[VFN] REMINDER - INVITATION April 11: WU Gutmann Center Public Lecture with Olivia S. Mitchell: "Financial Literacy and Retirement Planning: Implications for the Financial Marketplace and Policy"
by gutmann-center＠wu.ac.at 04 Apr '13

04 Apr '13

REMINDER - INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE www.gutmann-center.at (apologies for duplicated mails!) **************************************************************************** Date: APRIL 11 (Thursday), 2013 - 4:00 pm Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien Speaker: Prof. Dr. Olivia S. MITCHELL, The Wharton School, University of Pennsylvania https://bepp.wharton.upenn.edu/profile/719/ Title: " FINANCIAL LITERACY AND RETIREMENT PLANNING: IMPLICATIONS FOR THE FINANCIAL MARKETPLACE AND POLICY " ABSTRACT: Recent research suggests that levels of financial literacy are woefully low around the world. Professor Mitchell evaluates a number of surveys about workers' financial knowledge and explores the causal links with asset accumulation and decumulation. She concludes with an assessment of "what works" to enhance financial literacy. ABOUT OLIVIA S. MITCHELL: Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor at the Wharton School, as well as Professor of Insurance/Risk Management and Business Economics/Policy; Executive Director of the Pension Research Council; and Director of the Boettner Center on Pensions and Retirement Research; all at the Wharton School of the University of Pennsylvania. Concurrently Dr. Mitchell serves as a Research Associate at the NBER; as an independent director on the Wells Fargo Advantage Fund Trusts Board; and as Co-Investigator for the Health and Retirement Study at the University of Michigan and Associate Director of the Financial Literacy Center, a RAND/Wharton/Dartmouth Consortium. Dr. Mitchell's main interests are public and private pensions, insurance and risk management, financial literacy, and public finance. She was awarded and won numerous prizes including the Paul Samuelson Award for "Outstanding Writing on Lifelong Financial Security" from TIAA-CREF for her Social Security reform study. She received the MA and PhD degrees in Economics from the University of Wisconsin-Madison, and the BA in Economics from Harvard University. Author of more than 25 books and numerous articles, she speaks Spanish and Portuguese, having lived and worked in Latin America, Europe, and Australasia. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-4244 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) - Department of Finance, Accounting and Statistics Mag. Dorothea GRIMM www.gutmann-center.at

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[VFN] INVITATION April 11: WU Gutmann Center Public Lecture with Olivia S. Mitchell: "Financial Literacy and Retirement Planning: Implications for the Financial Marketplace and Policy"
by gutmann-center＠wu.ac.at 20 Mar '13

20 Mar '13

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE www.gutmann-center.at (apologies for duplicated mails!) **************************************************************************** Date: APRIL 11 (Thursday), 2013 - 4:00 pm Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien Speaker: Prof. Dr. Olivia S. MITCHELL, The Wharton School, University of Pennsylvania https://bepp.wharton.upenn.edu/profile/719/ Title: " FINANCIAL LITERACY AND RETIREMENT PLANNING: IMPLICATIONS FOR THE FINANCIAL MARKETPLACE AND POLICY " ABSTRACT: Recent research suggests that levels of financial literacy are woefully low around the world. Professor Mitchell evaluates a number of surveys about workers' financial knowledge and explores the causal links with asset accumulation and decumulation. She concludes with an assessment of "what works" to enhance financial literacy. ABOUT OLIVIA S. MITCHELL: Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor at the Wharton School, as well as Professor of Insurance/Risk Management and Business Economics/Policy; Executive Director of the Pension Research Council; and Director of the Boettner Center on Pensions and Retirement Research; all at the Wharton School of the University of Pennsylvania. Concurrently Dr. Mitchell serves as a Research Associate at the NBER; as an independent director on the Wells Fargo Advantage Fund Trusts Board; and as Co-Investigator for the Health and Retirement Study at the University of Michigan and Associate Director of the Financial Literacy Center, a RAND/Wharton/Dartmouth Consortium. Dr. Mitchell's main interests are public and private pensions, insurance and risk management, financial literacy, and public finance. She was awarded and won numerous prizes including the Paul Samuelson Award for "Outstanding Writing on Lifelong Financial Security" from TIAA-CREF for her Social Security reform study. She received the MA and PhD degrees in Economics from the University of Wisconsin-Madison, and the BA in Economics from Harvard University. Author of more than 25 books and numerous articles, she speaks Spanish and Portuguese, having lived and worked in Latin America, Europe, and Australasia. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-4244 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) - Department of Finance, Accounting and Statistics Mag. Dorothea GRIMM www.gutmann-center.at

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[VFN] INVITATION - 6th Financial Risks International Forum 2013 - Paris, March 25 & 26 2013
by Institut Louis Bachelier 18 Mar '13

18 Mar '13

To: vfn-l(a)fam.tuwien.ac.at INVITATION 6th Financial Risks International Forum LIQUIDITY RISK Paris, March 25 & 26 2013 The Louis Bachelier "Finance and Sustainable Growth" Laboratory is pleased to invite you to the 6th Financial Risks International Forum. In the current context, this year's forum will focus on "LIQUIDITY RISK". Papers will address topics such as: - Market Liquidity; - Funding Liquidity and Counterparty Risk; - Liquidity and Regulation; - Asset Management with Illiquid Assets; - Intraday Liquidity and Optimal Execution; - Investor's Behavior in Liquidity Crises. The aim of this event is to showcase the very best of international research, selected by our international scientific committee, chaired by Marie BRIERE - Amundi, Paris Dauphine University and Université Libre de Bruxelles -. Panel sessions will be led by industry professionals, with workshops that encourage dialog among researchers and working financial professionals. The scientific committee's rigorous requirements, combined with the outstanding quality of the papers, ensure an event meets the highest level of international standards. The forum will take place on March 25 and 26, 2013 at the Paris Ile-de-France regional chamber of commerce and industry / Chambre de commerce et d'industrie de région Paris Ile-de-France. Click here for the most recent agenda: http://www.financialrisksforum.com/cgi-bin/viewlink?k=67685055&r=141363902 If you would like to join us for interactive debates, please kindly register online: http://www.financialrisksforum.com/cgi-bin/viewlink?k=67685055&r=141367998

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[VFN] Reminder - Invitation Spängler IQAM Invest Round Table March 14, 2013
by Schlichting, Martina 07 Mar '13

07 Mar '13

INVITATION - REMINDER The WU Institute for Finance, Banking and Insurance and Spängler IQAM Invest are pleased to invite you to a Spängler IQAM Invest Round Table DATE: March 14, 2013 - 04:30 pm SPEAKER: Prof. Dr. Franklin ALLEN, Wharton School, University of Pennsylvania TOPIC: "IS US GOVERNMENT DEBT DIFFERENT? EFFECTS OF THE US DEBT CRISIS ON GLOBAL FINANCIAL MARKETS" ABSTRACT: The skyrocketing U.S. government debt, the standoff over the statutory debt limit between the Congress and the President of the United States, underlines the urgent need to consider the unthinkable: default, restructuring, or a wholesale reassessment of the U.S. Treasury securities' place in the world. Franklin Allen presents major results from his recently published book "Is US Government Debt Different?", that contains contributions by economists, historians, lawyers, market participants, and policy makers. He will discuss different aspects of U.S. government debt, including its role in the global financial markets, its constitutional, statutory and contractual basis, and its sustainability. Having laid the conceptual foundation, Professor Allen will also present a thought experiment, mapping out options for a hypothetical U.S. debt restructuring. ABOUT FRANKLIN ALLEN: Franklin Allen is the Nippon Life Professor of Finance and Professor of Economics at the Wharton School of the University of Pennsylvania. He has been on the faculty since 1980. He is currently Co- Director of the Wharton Financial Institutions Center. He was formerly Vice Dean and Director of Wharton Doctoral Programs and Executive Editor of the Review of Financial Studies, one of the leading academic finance journals. He is a past President of the American Finance Association, the Western Finance Association, the Society for Financial Studies, and the Financial Intermediation Research Society, and a Fellow of the Econometric Society. He received his doctorate from Oxford University. Dr. Allen's main areas of interest are corporate finance, asset pricing, financial innovation, comparative financial systems, and financial crises. He is a co-author with Richard Brealey and Stewart Myers of the eighth through tenth editions of the textbook Principles of Corporate Finance. Further information about Franklin Allen: http://finance.wharton.upenn.edu/~allenf/ REGISTRATION IS REQUIRED. WE KINDLY ASK YOU TO REGISTER AT vsam(a)wu.ac.at LOCATION: WU Institute for Finance, Banking and Insurance Heiligenstädter Str. 46-48, 1190 Wien - Seminar Room 1 (Ground Floor) Contact and further information: WU Institute for Finance, Banking and Insurance att. Martina Schlichting Heiligenstädter Str. 46-48 1190 Vienna Phone: +43-1-31336 6315 Mail: vsam(a)wu.ac.at Web: http://www.wu.ac.at/finance/coop/vsam

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[VFN] SMFP2013: Stochastic Methods in Finance and Physics (fwd)
by VFN-L admin * Andreas Schamanek 03 Mar '13

03 Mar '13

---------- Forwarded message ---------- Date: Sun, 03 Mar 2013 00:43:42 +0100 From: summerschoolmathfi <summerschoolmathfi(a)cmap.polytechnique.fr> To: (multiple recipients) Subject: Conference (...) Dear colleagues, we would like to inform you about the workshop on Stochastic Methods in Finance and Physics http://www.acmac.uoc.gr/SMFP2013/ that will take place in Heraklion, Crete from 15 until 19 July 2013. The workshop will consist of mini-courses and talks around the following topics: Interacting agents and equilibrium models, numerical methods for SPDEs, rough stochastic PDEs, probabilistic interaction models, metastabilty and condensation. The following speakers have agreed to deliver a mini-course or a talk: Jean?Dominique Deuschel (TU Berlin) Alexandre Gaudillière (Marseille) Stefan Grosskinsky (Warwick) Ulrich Horst (HU Berlin) Michael Kupper (Konstanz) Claudio Landim (Rio de Janeiro) Elena Sartori (Padova) Josef Teichmann (ETH Zürich) Dimitrios Tsagkarogiannis (Crete) Hendrik Weber (Warwick) Thaleia Zariphopoulou (Oxford) Nikolaos Zygouras (Warwick) There will also be short talks and posters presented by young researchers. Partial financial support is available. The deadline for submissions is 15 April 2013. http://www.acmac.uoc.gr/SMFP2013/submissions.php Best regards, Claudio Landim, Peter Friz, Michalis Loulakis, Antonis Papapantoleon

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[VFN] Invitation Spängler IQAM Invest Round Table March 14, 2013
by Schlichting, Martina 26 Feb '13

26 Feb '13

INVITATION The WU Institute for Finance, Banking and Insurance and Spängler IQAM Invest are pleased to invite you to a Spängler IQAM Invest Round Table DATE: March 14, 2013 - 04:30 pm SPEAKER: Prof. Dr. Franklin ALLEN, Wharton School, University of Pennsylvania TOPIC: "IS US GOVERNMENT DEBT DIFFERENT? EFFECTS OF THE US DEBT CRISIS ON GLOBAL FINANCIAL MARKETS" ABSTRACT: The skyrocketing U.S. government debt, the standoff over the statutory debt limit between the Congress and the President of the United States, underlines the urgent need to consider the unthinkable: default, restructuring, or a wholesale reassessment of the U.S. Treasury securities' place in the world. Franklin Allen presents major results from his recently published book "Is US Government Debt Different?", that contains contributions by economists, historians, lawyers, market participants, and policy makers. He will discuss different aspects of U.S. government debt, including its role in the global financial markets, its constitutional, statutory and contractual basis, and its sustainability. Having laid the conceptual foundation, Professor Allen will also present a thought experiment, mapping out options for a hypothetical U.S. debt restructuring. ABOUT FRANKLIN ALLEN: Franklin Allen is the Nippon Life Professor of Finance and Professor of Economics at the Wharton School of the University of Pennsylvania. He has been on the faculty since 1980. He is currently Co- Director of the Wharton Financial Institutions Center. He was formerly Vice Dean and Director of Wharton Doctoral Programs and Executive Editor of the Review of Financial Studies, one of the leading academic finance journals. He is a past President of the American Finance Association, the Western Finance Association, the Society for Financial Studies, and the Financial Intermediation Research Society, and a Fellow of the Econometric Society. He received his doctorate from Oxford University. Dr. Allen's main areas of interest are corporate finance, asset pricing, financial innovation, comparative financial systems, and financial crises. He is a co-author with Richard Brealey and Stewart Myers of the eighth through tenth editions of the textbook Principles of Corporate Finance. Further information about Franklin Allen: http://finance.wharton.upenn.edu/~allenf/ REGISTRATION IS REQUIRED. WE KINDLY ASK YOU TO REGISTER AT vsam(a)wu.ac.at LOCATION: WU Institute for Finance, Banking and Insurance Heiligenstädter Str. 46-48, 1190 Wien - Seminar Room 1 (Ground Floor) Contact and further information: WU Institute for Finance, Banking and Insurance att. Martina Schlichting Heiligenstädter Str. 46-48 1190 Vienna Phone: +43-1-31336 6315 Mail: vsam(a)wu.ac.at Web: http://www.wu.ac.at/finance/coop/vsam

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[VFN] Leopold Gratz-Stipendium 2013/2014 (fwd)
by VFN-L admin * Andreas Schamanek 15 Feb '13

15 Feb '13

---------- Forwarded message ---------- Date: Fri, 15 Feb 2013 12:28:48 +0100 From: ROHRINGER Gabriela <Gabriela.Rohringer(a)unicreditgroup.at> Subject: Leopold Gratz-Stipendium 2013/2014 Sehr geehrte Damen und Herren, die "Leopold Gratz-Stiftung" hat in Kooperation mit der Bank Austria und der UniCredit & Universities Foundation zur Erinnerung an den ehemaligen Bürgermeister von Wien, Leopold Gratz -analog dem vergangenen Jahr - wieder die Vergabe eines Stipendiums ausgeschrieben. Das Stipendium ist darauf ausgerichtet, für einen Studenten ein PhD oder MSc Programm an einer österreichischen Universität in den Bereichen Wirtschaft, Bank und Finanzen zu fördern. (...) Bitte beachten Sie, dass nur Master/Diplom Studenten und Doktoranden in Österreich angesprochen sind. Mit freundlichen Grüßen Dr. Alvin Krauss e.h. Gabriela Rohringer e.h. Sekretär der "Leopold Gratz-Stiftung" (...) [Das PDF-Attachment wurde vom list-admin gelöscht, da alle relevanten Information offenbar on-line verfügbar sind unter http://www.unicreditanduniversities.eu/de/fellow/show/fellow_id/4 ]

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[VFN] Actuarial Science Professor Position at University of Lausanne
by Hansjoerg Albrecher 13 Feb '13

13 Feb '13

The Faculty of Business and Economics of the University of Lausanne (HEC Lausanne, www.hec.unil.ch <http://www.hec.unil.ch/>) invites applications for a full-time position of *Full Professor or Tenure-track Assistant Professor in Actuarial Science* Starting on August 1^st , 2013 or a mutually agreed upon date. The new professor will be a member of HEC Lausanne's Department of Actuarial Science. Candidates must hold a PhD in actuarial science or a related discipline. We seek applicants with a strong research and teaching potential in actuarial science. A job description is available at: www.hec.unil.ch/candidatures/offres <http://www.hec.unil.ch/candidatures/offres>. Applications should be submitted online using the above link by *April 13,* *2013*. Please fill in the electronic form, upload a curriculum vitae and a motivation letter with a statement of research interests, as well as a list of publications and samples of scholarly work, and provide the names and addresses of three references. Additional information may be obtained from Professor François Dufresne, Director of the Department of Actuarial Science (DSA), HEC Lausanne, Bâtiment Extranef, CH-1015 Lausanne-Dorigny, Francois.Dufresne(a)unil.ch <mailto:Francois.Dufresne@unil.ch>. The University of Lausanne promotes access of women to academic positions and strongly encourages them to apply.

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[VFN] Sixth European Summer School in Financial Mathematics
by vienna conference 12 Feb '13

12 Feb '13

Dear Colleagues, Registration for the Sixth European Summer School in Financial Mathematics is now open. Important deadlines: For financial support applications should be submitted by April 15, 2013. Registration closes on June 30, 2013. This year the summer school will take place in Vienna (Campus of the Vienna University) from August 26 to 30, 2013. All the details are on the web site http://www.mat.univie.ac.at/~finance_hp/summer_school_Vienna_2013/index.html Please circulate this announcement. Yours sincerely, The organizing committee Beatrice Acciaio, Mathias Beiglböck, Christa Cuchiero, Christoph Czichowsky, Walter Schachermayer, Pietro Siorpaes

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[VFN] Summer School: Numerical Methods for SDEs, 2-4 Sep 2013, Vienna University of Technology, Austria
by Bertram Düring 11 Feb '13

11 Feb '13

We are glad to announce a summer school on "Numerical Methods for Stochastic Differential Equations" which will take place from 2-4 September, 2013, at Vienna University of Technology, Austria. The summer school aims to bring together talented young researchers in the field of (stochastic) differential equations and computational finance, mainly in their first PhD year. In a series of four lectures, each of four renowned international experts will give an introduction and present new numerical results. The topics of the summer school include Monte-Carlo methods, numerical techniques for stochastic (partial) differential equations, error estimation, and applications in sciences and finance. The following speakers have confirmed to present mini-courses: • Evelyn Buckwar (Linz, Austria) • Desmond Higham (Strathclyde, United Kingdom) • Andreas Rößler (Lübeck, Germany) • Gabriel Lord (Edinburgh, United Kingdom) (*) (*) to be confirmed For further information, please see http://www.asc.tuwien.ac.at/~juengel/sde/sde.html Organizers: Bertram Düring, University of Sussex, Brighton, UK Ansgar Jüngel, Vienna University of Technology, Austria

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[VFN] Int. Summer School on Enterprise Risk Management, Lausanne, 3-7, 2013
by Hansjoerg Albrecher 02 Feb '13

02 Feb '13

*First Announcement **26th International Summer School of the Swiss Association of Actuaries *Topic: *Enterprise Risk Management *Teachers: Prof. *Stéphane Loisel* and *David N Ingram*,**CERA, FRM, PRM, FSA, MAAA Location: University of Lausanne, Switzerland Dates: 3-7 June 2013 Registration is now open on the web site www.saa-iss.ch <http://www.saa-iss.ch/> . Please inform all colleagues you know who might be interested. Best regards, François Dufresne SAA ISS Organizing Director

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[VFN] Workshop on Current Topics in Mathematical Finance 2013, Vienna, April 18 and 19, 2013
by Ruediger Frey 31 Jan '13

31 Jan '13

First announcement: Workshop on Current Topics in Mathematical Finance 2013, Vienna, April 18 and 19, 2013. Confirmed Invited Speakers: Michal Barski, Universität Leipzig Dirk Becherer, HU Berlin Tomas Björk, Stockholm School of Economics Rama Cont, Imperial College London Stephane Crepey, Université d'Evry Martin Larsson EPFL Lausanne Eva Lütkebohmert, Universität Freiburg Andrea Macrina, University College London Michael Monoyios, University of Oxford Agatha Murgoci, Copenhagen Business School Walter Schachermayer, Universität Wien Thorsten Schmidt, TU Chemnitz Location: WU Vienna University of Economics and Business, Department of Finance, Accounting and Statistics, Heiligenstädter Str 46, A-1190 Vienna Conference Chair: Prof. Rüdiger Frey Organisational details: Participation is free but there is a mandatory registration. Interested participants have the opportunity to present a poster. Further information can be found at the workshop homepage: http://mafin2013.wu.ac.at (online on 1.2.2013) -- Prof. Ruediger Frey Institute for Statistics and Mathematics WU Vienna email: ruediger.frey(a)wu.ac.at web: http://statmath.wu.ac.at/~frey/

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[VFN] REMINDER: INVITATION January 22: WU Gutmann Center Public Lecture with Giovanna Nicodano: "The Economic Value of Timing Bull and Bear Markets"
by Grimm, Dorothea 17 Jan '13

17 Jan '13

REMINDER - INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE www.gutmann-center.at (apologies for duplicated mails!) **************************************************************************** Date: JANUARY 22 (Tuesday), 2013 - 4:00 pm Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien Speaker: Prof. Dr. Giovanna NICODANO, University of Torino http://sites.carloalberto.org/nicodano/ Title: "THE ECONOMIC VALUE OF TIMING BULL AND BEAR MARKETS" ABSTRACT: Risk-adjusted profits of portfolio managers derive from their ability in forecasting returns out-of-sample. Recently, several papers cast doubts on prevailing linear methods for predicting out-of-sample. These doubts are reinforced by the difficulty of optimizing strategies in obtaining out-of-sample gains relative to a naïve equally-weighted strategy. This presentation examines the ex-post performance of optimal portfolios using returns predicted by a switching regression model. Due to the investor's ability to anticipate shifts from bull to bear markets, predictability involves the risk premium, volatility and correlations, and may extend to third and fourth moments. The out-of-sample performance of these timing strategies is assessed for horizons ranging from one month to ten years using three different equity datasets, including the commonly used US Industry and International Book-to-Market portfolios. ABOUT GIOVANNA NICODANO: Giovanna Nicodano is professor of financial economics at the University of Torino, chair of the Masters Programs in Economics and Finance, and fellow at Collegio Carlo Alberto. A recipient of the European Investment Bank Prize, she obtained her Ph.D. from Princeton University. She has been a visiting scholar at CEMFI Madrid, the London School of Economics and the Universities of Amsterdam, Freiburg and Haifa. Her research deals with strategic asset allocation, corporate finance and market liquidity. As a founder of the Centre for Research on Pension (CeRP), she initiated a research project on Asset Classes for Long Run Investors - with publications in the Annals of Finance, the Journal of Real Estate Finance and Economics and Real Estate Economics. Since 2008 she is international fellow of the Dutch Network for Studies on Pensions, Aging and Retirement (Netspar). She is research associate of the Brussels-based European Corporate Governance Institute (ECGI), and her work in corporate finance, focusing on complex structures such as business groups, has been published in the European Economic Review, the Journal of Banking and Finance and the Journal of Public Economics. Finally, her work on market liquidity was published in the Journal of Finance, the Review of Finance and the Journal of Banking and Finance. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-4244 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) - Department of Finance, Accounting and Statistics Mag. Dorothea GRIMM www.gutmann-center.at

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[VFN] Invitation Spängler IQAM Invest Round Table January 17, 2013
by Schlichting, Martina 10 Jan '13

10 Jan '13

INVITATION The WU Institute for Finance, Banking and Insurance and Spängler IQAM Invest are pleased to invite you to a SPÄNGLER IQAM INVEST ROUND TABLE (apologies for duplicated mails!) DATE: January 17, 2013 - 04:30 pm SPEAKER: Prof. Dr. Terrance ODEAN, University of California, Berkeley TOPIC: "DO BEHAVIORAL BIASES LEAD TO UNRECOGNIZED RISK-TAKING?" ABSTRACT: Professor Odean will discuss how behavioral biases can lead to unrecognized risk taking by financial institutions. Financial models often exacerbate risk taking due to unrecognized substitution, aggregation, and feedback risks. Success may lead money managers and traders to become overconfident and to overuse leverage. The use leverage by some institutions can increase risks to others. Limited attention and decision biases such as the availability bias distort our perceptions of probability. Emotions change our attitudes toward risk. And confirmation bias leads us to underestimate the likelihood that things will go wrong. ABOUT TERRANCE ODEAN: Terrance Odean is the Rudd Family Foundation Professor and Chair of the Finance Group at the Haas School of Business at the University of California, Berkeley. He is a member of the Journal of Investment Consulting editorial advisory board, of the Russell Sage Behavioral Economics Roundtable, of the Russell Investments Academic Advisory Board, and of the WU Gutmann Center Academic Advisory Board at the Vienna University of Economics and Business. He has been an editor and an associate editor of the Review of Financial Studies, an associate editor of the Journal of Finance, a co-editor of a special issue of Management Science, an associate editor at the Journal of Behavioral Finance, a director of UC Berkeley's Experimental Social Science Laboratory, a visiting professor at the University of Stavanger, Norway, and the Willis H. Booth Professor of Finance and Banking. As an undergraduate at Berkeley, Odean studied Judgment and Decision Making with the 2002 Nobel Laureate in Economics, Daniel Kahneman. This led to his current research focus on how psychologically motivated decisions affect investor welfare and securities prices. His research has been cited in the Wall Street Journal, the New York Times, the Los Angeles Times, the Washington Post, the International Herald Tribune, Time, Newsweek, U.S. News and World Report, Forbes, Businessweek, and several other publications. Further information about Terrance Odean: www.odean.org **REGISTRATION IS REQUIRED at vsam(a)wu.ac.at** LOCATION: WU Institute for Finance, Banking and Insurance Heiligenstädter Str. 46-48, 1190 Wien - Seminar Room 1 (Ground Floor) Contact and further information: WU Institute for Finance, Banking and Insurance att. Martina Schlichting Heiligenstädter Str. 46-48 1190 Vienna Phone: +43-1-31336 6315 Mail: vsam(a)wu.ac.at Web: http://www.wu.ac.at/finance/coop/vsam

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[VFN] INVITATION January 22: WU Gutmann Center Public Lecture with Giovanna Nicodano: "The Economic Value of Timing Bull and Bear Markets"
by Grimm, Dorothea 09 Jan '13

09 Jan '13

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE www.gutmann-center.at (apologies for duplicated mails!) **************************************************************************** Date: JANUARY 22 (Tuesday), 2013 - 4:00 pm Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien Speaker: Prof. Dr. Giovanna NICODANO, University of Torino http://sites.carloalberto.org/nicodano/ Title: "THE ECONOMIC VALUE OF TIMING BULL AND BEAR MARKETS" ABSTRACT: Risk-adjusted profits of portfolio managers derive from their ability in forecasting returns out-of-sample. Recently, several papers cast doubts on prevailing linear methods for predicting out-of-sample. These doubts are reinforced by the difficulty of optimizing strategies in obtaining out-of-sample gains relative to a naïve equally-weighted strategy. This presentation examines the ex-post performance of optimal portfolios using returns predicted by a switching regression model. Due to the investor's ability to anticipate shifts from bull to bear markets, predictability involves the risk premium, volatility and correlations, and may extend to third and fourth moments. The out-of-sample performance of these timing strategies is assessed for horizons ranging from one month to ten years using three different equity datasets, including the commonly used US Industry and International Book-to-Market portfolios. ABOUT GIOVANNA NICODANO: Giovanna Nicodano is professor of financial economics at the University of Torino, chair of the Masters Programs in Economics and Finance, and fellow at Collegio Carlo Alberto. A recipient of the European Investment Bank Prize, she obtained her Ph.D. from Princeton University. She has been a visiting scholar at CEMFI Madrid, the London School of Economics and the Universities of Amsterdam, Freiburg and Haifa. Her research deals with strategic asset allocation, corporate finance and market liquidity. As a founder of the Centre for Research on Pension (CeRP), she initiated a research project on Asset Classes for Long Run Investors - with publications in the Annals of Finance, the Journal of Real Estate Finance and Economics and Real Estate Economics. Since 2008 she is international fellow of the Dutch Network for Studies on Pensions, Aging and Retirement (Netspar). She is research associate of the Brussels-based European Corporate Governance Institute (ECGI), and her work in corporate finance, focusing on complex structures such as business groups, has been published in the European Economic Review, the Journal of Banking and Finance and the Journal of Public Economics. Finally, her work on market liquidity was published in the Journal of Finance, the Review of Finance and the Journal of Banking and Finance. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-4244 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) - Department of Finance, Accounting and Statistics Mag. Dorothea GRIMM www.gutmann-center.at

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[VFN] Market Microstructure Confronting Many Viewpoints - 10th to 13th December 2012 Paris
by Cyril Armange 14 Nov '12

14 Nov '12

<http://caleis.fr/ilb/mms2012/savethedate/images/header.png> <http://caleis.fr/ilb/mms2012/savethedate/images/visu.jpg> Dear Colleague, After the success of the first edition of "Market Microstructure: confronting many viewpoints" in December 2010, we have decided to organize the second edition, again in Paris, from Monday 10th of December, 2012 to Thursday the 13th. <http://caleis.fr/ilb/mms2012/savethedate/images/hr.png> We believe that an important aspect of this success was the cross-disciplinary nature of the conference that we will again heavily rely on this time around. Well known experts from various fields (finance, econometrics; computer science and (econo-)physics), coming from academic institutions, government agencies, banks and hedge funds, have accepted to come and confront their ideas about several important issues that appeared in the last few years. These include both theoretical and practical problems, ranging from execution costs and price impact to high-frequency data, high-frequency trading and market stability. HIGHLIGHTS Themes - Microstructure - Market Impact - Market Design/Regulation - Data Analysis Among the speakers - KYLE Albert, University of Maryland - HENDERSHOTT Terrence, University of California - LIONS Pierre-Louis, Collège de France - HASBROUCK Joel, Stern School of Business, New York University View program <http://market-microstructure.institutlouisbachelier.org/> Learn more about this event Information about the details of the conference, the list of confirmed speakers and a preliminary program... <http://caleis.fr/ilb/mms2012/savethedate/images/hr.png> We strongly believe that this event will be as exciting as the previous one, and trust that your participation is a key ingredient to this success. Best regards, The organization committee F Abergel, JP Bouchaud, Th Foucault, C. Lehalle and M Rosenbaum <http://www.institutlouisbachelier.org/> Cyril Armange Head of Project --------------- Institut Louis Bachelier Palais Brongniart 28, place de la Bourse 75002 Paris Tél: +33 1 73 01 93 40 Fax: +33 1 73 01 93 28 Web: cyril.armange(a)institutlouisbachelier.org <http://www.institutlouisbachelier.org/cgi-bin/viewimg?k=209144511&r=1889553 26>

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[VFN] Ausschreibung Projektstelle
by Susanna Hammer 22 Oct '12

22 Oct '12

Sehr geehrte Damen und Herren, ich möchte Sie auf folgende Stellenausschreibung an der Technischen Universität hinweisen: 1 Stelle für eine/n vollbeschäftigte/n Projektassistenten/in (40 Wochenstunden) am Institut für Managementwissenschaften, Fachbereich Finanzwirtschaft und Controlling, ehestmöglich bis 30. September 2014, Gehaltsgruppe B1 Das monatliche Mindestgehalt für diese Verwendung beträgt derzeit EUR 2.532,00 brutto (14x jährlich). Aufgrund tätigkeitsbezogener Vorerfahrungen kann sich das Entgelt erhöhen. Aufnahmebedingungen: abgeschlossenes Magister-, Diplom-, Masterstudium der Fachrichtung Wirtschaftsingenieurwesen Maschinenbau, Wirtschaftsinformatik, Betriebswirtschaftslehre oder Mathematik Sonstige Kenntnisse: gute Kenntnisse der Finanzwirtschaft, insbesondere der Ökonometrie und des aktiven Portofoliomanagements Bewerbungsfrist: bis 7. November 2012 Bewerbungen schriftlich oder per E-Mail (rene.fuchs(a)tuwien.ac.at <mailto:rene.fuchs@tuwien.ac.at>) an die Personaladministration, Fachbereich wiss. Personal der Technischen Universität Wien, Karlsplatz 13, 1040 Wien. Die Bewerber und Bewerberinnen haben keinen Anspruch auf Abgeltung angefallener Reise- und Aufenthaltskosten, die aus Anlass des Aufnahmeverfahrens entstanden sind. -- Mit besten Grüßen / best regards Susanna Hammer Office Management Technische Universität Wien Vienna University of Technology Institut für Managementwissenschaften Institute of Management Science Bereich Finanzwirtschaft und Controlling Department Finance and Corporate Control Theresianumg. 27 A - 1040 Wien/Vienna Austria Tel +43 1 58801 33006 Fax +43 1 58801 33096 susanna.hammer(a)tuwien.ac.at http://www.imw.tuwien.ac.at/fc/home/ DVR 0005886 ----------------------

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[VFN] REMINDER: Oct 10: WU Gutmann Center Public Lecture with Stefan NAGEL: “GREAT EXPECTATIONS, BIG DISAPPOINTMENTS: CYCLES IN SUBJECTIVE ASSET RETURN EXPECTATIONS”
by Grimm, Dorothea 04 Oct '12

04 Oct '12

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE www.gutmann-center.at (apologies for duplicated mails!) **************************************************************************** Date: OCTOBER 10 (Wednesday), 2012 - 4:00 pm Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien Speaker: Prof. Dr. Stefan NAGEL, Graduate School of Business, Stanford University http://faculty-gsb.stanford.edu/nagel/ Title: “GREAT EXPECTATIONS, BIG DISAPPOINTMENTS: CYCLES IN SUBJECTIVE ASSET RETURN EXPECTATIONS” ABSTRACT: Recurrent boom/bust episodes in financial markets and the macroeconomy are challenging for economists to explain. In this talk, I discuss research that examines micro data on portfolio choice and subjective expectations to uncover potential drivers of these boom/bust cycles. A variety of empirical patterns in household asset allocation and in subjective expectations about future stock returns, house prices, and inflation suggest a common underlying expectations-formation mechanism that we label "learning from experience": While individuals continuously refine their forecasts in light of new data, they draw primarily on their own life-time experiences rather than all available historical data in forming their expectations. As a result, memory of past macroeconomic events is gradually lost over time. Extrapolation from life-time experiences generates to pro-cyclical asset return expectations, where rising asset prices fuel optimism, and downturns generate pessimism. ABOUT STEFAN NAGEL: Stefan Nagel is an Associate Professor of Finance at Stanford University's Graduate School of Business. He has won various awards and fellowships, among them the Smith-Breeden Prize of the American Finance Association for the best paper in the Journal of Finance in 2004 and the Fama/DFA prize for the best asset pricing paper in the Journal of Financial Economics in 2006 (first prize) and 2010 (second prize). He is a Research Associate at the National Bureau of Economic Research, a Research Fellow at the Centre for Economic Policy Research, an Associate Editor of the Journal of Finance and the Review of Finance, and a former Associate Editor of the Review of Financial Studies. Professor Nagel received his PhD from the London Business School in 2003, and he had been a visiting doctoral student at MIT. Before joining the Stanford GSB in 2004, he spent a year as a lecturer at Harvard University. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-4244 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) - Department of Finance, Accounting and Statistics Mag. Dorothea GRIMM www.gutmann-center.at

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[VFN] Lecturer in Probability
by Goran Peskir 28 Sep '12

28 Sep '12

Lecturer in Probability School of Mathematics, The University of Manchester Closing date: 19 October 2012 Further particulars: http://www.maths.manchester.ac.uk/info/vacancies.html

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[VFN] INVITATION: October 10: WU Gutmann Center Public Lecture with Stefan NAGEL: “GREAT EXPECTATIONS, BIG DISAPPOINTMENTS: CYCLES IN SUBJECTIVE ASSET RETURN EXPECTATIONS”
by Grimm, Dorothea 21 Sep '12

21 Sep '12

INVITATION The WU Gutmann Center cordially invites you to the forthcoming WU GUTMANN CENTER PUBLIC LECTURE www.gutmann-center.at (apologies for duplicated mails!) **************************************************************************** Date: OCTOBER 10 (Wednesday), 2012 - 4:00 pm Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien Speaker: Prof. Dr. Stefan NAGEL, Graduate School of Business, Stanford University http://faculty-gsb.stanford.edu/nagel/ Title: “GREAT EXPECTATIONS, BIG DISAPPOINTMENTS: CYCLES IN SUBJECTIVE ASSET RETURN EXPECTATIONS” ABSTRACT: Recurrent boom/bust episodes in financial markets and the macroeconomy are challenging for economists to explain. In this talk, I discuss research that examines micro data on portfolio choice and subjective expectations to uncover potential drivers of these boom/bust cycles. A variety of empirical patterns in household asset allocation and in subjective expectations about future stock returns, house prices, and inflation suggest a common underlying expectations-formation mechanism that we label "learning from experience": While individuals continuously refine their forecasts in light of new data, they draw primarily on their own life-time experiences rather than all available historical data in forming their expectations. As a result, memory of past macroeconomic events is gradually lost over time. Extrapolation from life-time experiences generates to pro-cyclical asset return expectations, where rising asset prices fuel optimism, and downturns generate pessimism. ABOUT STEFAN NAGEL: Stefan Nagel is an Associate Professor of Finance at Stanford University's Graduate School of Business. He has won various awards and fellowships, among them the Smith-Breeden Prize of the American Finance Association for the best paper in the Journal of Finance in 2004 and the Fama/DFA prize for the best asset pricing paper in the Journal of Financial Economics in 2006 (first prize) and 2010 (second prize). He is a Research Associate at the National Bureau of Economic Research, a Research Fellow at the Centre for Economic Policy Research, an Associate Editor of the Journal of Finance and the Review of Finance, and a former Associate Editor of the Review of Financial Studies. Professor Nagel received his PhD from the London Business School in 2003, and he had been a visiting doctoral student at MIT. Before joining the Stanford GSB in 2004, he spent a year as a lecturer at Harvard University. **Please REGISTER**: Mail: gutmann-center(a)wu.ac.at Phone: +43-1-31336-4244 CONTACT AND FURTHER INFORMATION: WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien) - Department of Finance, Accounting and Statistics Mag. Dorothea GRIMM www.gutmann-center.at

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[VFN] Call for Papers WU Gutmann Center Symposium 2013: "Sovereign Credit Risk and Asset Management"
by Grimm, Dorothea 19 Sep '12

19 Sep '12

CALL FOR PAPERS / CONFERENCE ANNOUNCEMENT (apologies for cross-postings!) WU GUTMANN CENTER SYMPOSIUM 2013 "SOVEREIGN CREDIT RISK AND ASSET MANAGEMENT" JUNE 11, 2013 WU Gutmann Center for Portfolio Management WU (Vienna University of Economics and Business), Austria www.gutmann-center.at ******************************************************************************** The WU Gutmann Center for Portfolio Management is proud to announce its seventh symposium to be held at WU (Vienna University of Economics and Business), Austria. The general topic of the symposium is "Sovereign Credit Risk and Asset Management". Papers submitted to the symposium can address but are not restricted to the following TOPICS: - Measuring and managing sovereign credit risk - The implications of sovereign credit risk for asset management - Sovereign credit risk and the banking sector - Sovereign credit risk and prudential regulation - The role of rating agencies - Sovereign credit risk contagion - Currency unions - The political economics of sovereign credit risk PAPER SUBMISSION: Papers should be submitted by email (in Acrobat PDF) NOT LATER THAN DECEMBER 15, 2012 to the following address: E-mail: gutmann-center(a)wu.ac.at CONTACT: WU Gutmann Center for Portfolio Management Dorothea Grimm WU (Vienna University of Economics and Business) Heiligenstädter Straße 46-48, 1190 Wien (Vienna), Austria Phone: +43-1-31336-4244 E-mail: gutmann-center(a)wu.ac.at - Web: http://www.gutmann-center.at/ All submissions will be reviewed by a committee composed of members of the WU Gutmann Center's Academic Advisory Board and decisions will be announced by March 15, 2013. Submission and participation are free of charge. Accommodation and travel expenses (economy fare) of presenting authors will be covered by the WU Gutmann Center.

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[VFN] Reminder___JOB OFFER WU - Assistant Professor for Finance
by Fuchs, Daniela 03 Sep '12

03 Sep '12

ASSISTANT PROFESSOR FOR FINANCE WU (Vienna University of Economics and Business) is currently inviting applications for the position of an ASSISTANT PROFESSOR (tenure track) in Professor Josef Zechner`s group at the Institute for Finance, Banking and Insurance (www.wu.ac.at/finance<http://www.wu.ac.at/finance>). RESPONSIBILITIES: Teaching (Bachelor and Master): Finance; Research in Professor Josef Zechner's group in one or several of the following areas: Asset Management, Corporate Finance, Asset Pricing, Banking. REQUIREMENTS: Doctoral Degree in Economics or Business Administration or equivalent qualification; Research experience in one of the following areas of financial economics: Corporate Finance, Asset Management, Asset Pricing, Risk Management, Banking, or in a related field, e.g. Decision Theory, Corporate Governance, Game Theory. Teaching experience. Apply using reference number 2079 until September 12,2012 at http://www.wu.ac.at/jobs where a full description of tasks and requirements can be found.

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[VFN] JOB OFFER WU - Assistant Professor for Finance
by Fuchs, Daniela 20 Jul '12

20 Jul '12

ASSISTANT PROFESSOR FOR FINANCE WU (Vienna University of Economics and Business) is currently inviting applications for the position of an ASSISTANT PROFESSOR (tenure track) in Professor Josef Zechner`s group at the Institute for Finance, Banking and Insurance (www.wu.ac.at/finance<http://www.wu.ac.at/finance>). RESPONSIBILITIES: Teaching (Bachelor and Master): Finance; Research in Professor Josef Zechner's group in one or several of the following areas: Asset Management, Corporate Finance, Asset Pricing, Banking. REQUIREMENTS: Doctoral Degree in Economics or Business Administration or equivalent qualification; Research experience in one of the following areas of financial economics: Corporate Finance, Asset Management, Asset Pricing, Risk Management, Banking, or in a related field, e.g. Decision Theory, Corporate Governance, Game Theory. Teaching experience. Apply using reference number 2079 until September 12,2012 at http://www.wu.ac.at/jobs where a full description of tasks and requirements can be found.

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[VFN] Save the Date: Solvency II Symposium am 27. September 2012
by Cech, Christian 16 Jul '12

16 Jul '12

Sehr geehrte Damen und Herren, die Fachhochschule des bfi Wien lädt herzlich zum "Solvency II Symposium" am 27. September 2012 ab 14:00 Uhr ein. Zu Beginn werden ExpertInnen der FH des bfi Wien, der FMA, der KPMG etc. Vorträge zu ausgewählten Themen von Solvency II halten. Ab 18:00 Uhr gibt es eine Podiumsdiskussion mit dem Präsidenten der österreichischen Aktuarvereinigung Christoph Krischanitz, dem Vorstand der Allianz Mag. Werner Müller, dem stellvertretenden Abteilungsleiter der FMA Mag. Andreas Hell, dem Leiter für Finanzen und Wirtschaft beim Versicherungsverband Mag. Rudolf Diewald und einem Vertreter von KPMG. Anschließend möchten wir Sie herzlich zum Buffet einladen. Wir ersuchen Sie, den Tag in Ihrem Terminkalender vorzumerken. Das detaillierte Programm erhalten Sie im August. Bei Rückfragen wenden Sie sich bitte an Dipl. Vw. Michael Jeckle (michael.jeckle(a)fh-vie.ac.at). Mit freundlichen Grüßen, Ihre FH des bfi Wien

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[VFN] WG: 27. Workshop
by office＠bwg.at 06 Jul '12

06 Jul '12

Die Austrian Working Group on Banking and Finance (AWG) der Österreichischen Bankwissenschaftlichen Gesellschaft veranstaltet gemeinsam mit der Universität Innsbruck, Institut für Banken und Finanzen, den 27. WORKSHOP First CALL for PAPERS Der Workshop findet am Freitag, dem 23. November 2012, nachmittags, und am Samstag, dem 24. November 2012, vormittags, an der Universität Innsbruck statt. Bezüglich der Themen ist keine Einschränkung vorgesehen. Papers oder Extended Abstracts (ca. zwei Seiten) können bis spätestens 15. Oktober 2012 bei o.Univ.-Prof. Dr. Matthias Bank, Institut für Banken und Finanzen, Universität Innsbruck, Universitätsstrasse 15, A-6020 Innsbruck, oder e-mail: Matthias.Bank(a)iubk.ac.at eingereicht werden. Um den angestrebten Workshop-Charakter der Veranstaltung zu fördern, können Papers durch einen Discussant besprochen werden. Jene Teilnehmer, die eine solche Vorgangsweise wünschen, werden gebeten, ihr Manuskript bis 1. Oktober 2012 einzureichen. Ziele: Schaffen eines österreichweiten Diskussionsforums für theoretische und empirische Forschungsarbeiten auf dem Gebiet des Bankwesens und der Finanzwirtschaft. Förderung der Zusammenarbeit innerhalb der Hochschulen und der Zusammenarbeit mit der Praxis. Teilnehmer: Angesprochen sind sowohl der wissenschaftliche Nachwuchs an allen österreichischen Universitäten und verwandten Institutionen der Forschung als auch Praktiker in Kreditinstituten und Finanzabteilungen von Unternehmen. Schwerpunkte (Auswahl): Arbitrage Pricing – Behavioural Finance - Capital Market Theory – Capital Requirements of Financial - Commercial Banking – Contingent Claims Analysis – Corporate Finance – Financial Innovations – Financial Markets Research – Intermediaries – International Banking and Finance – Investment Banking – Options and Futures – Performance Measurement – Portfolio Management – Risk Management – Security Analysis.

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[VFN] Postdoctoral Positions in Math Finance in Berlin
by Ulrich Horst 29 Jun '12

29 Jun '12

-------- POSTDOCTORAL POSITION IN MATH FINANCE IN BERLIN --------------------- Dear Colleagues and friends, Humboldt-Universität zu Berlin and Technische Universität Berlin invite applications for two Postdoctoral/Doctoral Positions in Mathematical Finance/Economics. The positions are funded jointly by the DFG Research Center Matheon, Humboldt-Universität and Technische Universität. Tasks: Candidates will develop and analyze mathematical models for illiquid financial markets. They will be offered the opportunity of collaborating with the Quantitative Research Group of Cheuvreux, the brokerage arm of Credit Agricole. This includes, but is not limited to, the opportunity of a long-term internship with Cheuvreux in Paris. Requirements: Successful candidates for the postdoctoral (doctoral) positions will hold a PhD (Msc, Diploma) in Mathematics, Business Mathematics or Mathematical Economics with an excellent background in Probability Theory, Financial Mathematics, Optimization or Economic Theory. A strong interest in applied research in financial mathematics is expected. We offer competitive salaries, commensurate with seniority and research record. The initial appointment for postdoctoral (doctoral) students will be for two (three) years, with continuation for another year upon performance and availability of funding. The starting date is flexible. Applicants should send a CV including a list of publications, preprints, reprints, statement of research interests and arrange for three (two) letters of recommendation. Applications should e-mailed to either one of us no later than July 20, 2012: mailto:bank@math.tu-berlin.de or mailto:horst@math.hu-berlin.de Kind regards, Peter Bank and Ulrich Horst Postdoctoral Position http://www.qfl-berlin.com/newsletter/postdoctoral-position

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[VFN] STELLENANZEIGE: hauptberuflicher Vortragender/hauptberuflich Vortragende (Senior Lecturer)
by Fuchs, Daniela 19 Jun '12

19 Jun '12

HAUPTBERUFLICHE/R VORTRAGENDE/R (SENIOR LECTURER) Im DEPARTMENT FÜR FINANCE, ACCOUNTING AND STATISTICS ist ab sofort bis 31. Dezember 2014 eine Stelle für einen hauptberuflichen Vortragenden/eine hauptberufliche Vortragende post doc (Senior Lecturer) (Angestellte/r gemäß Kollektivvertrag für die Arbeitnehmer/innen der Universitäten, monatliches Entgelt: 3.381,70 € brutto) vollbeschäftigt zu besetzen. Wir weisen Sie darauf hin, dass der WU-Personalentwicklungsplan für hauptberufliche Vortragende grundsätzlich eine maximale Befristungsdauer von sechs Jahren vorsieht. AUFGABENGEBIET: Durchführung von Lehrveranstaltungen im Bachelorstudium in den Spezialisierungen (SBWLs) Finance und/oder Accounting (gesamt max. 8 – 10 Semesterwochenstunden); Planung, Weiterentwicklung, Organisation der SBWLs Finance und Accounting inkl. Bedarfsanalyse sowie Kapazitäts- und Lehrveranstaltungsplanung; inhaltliche und organisatorische Abstimmung der SBWLs innerhalb der Bachelor-Programme der WU; Koordination von externen und internen Lehrenden dieser SBWLs; Zentrale Mitwirkung bei allen Agenden des Qualitätsmanagements in der Lehre des Departments; Organisation der im Department zentral erfolgenden Vergabe der Bachelorarbeiten inkl. Qualitätssicherung in der Betreuung, Unterstützung der wiss. Mitarbeiter/innen in der Themenerstellung, Bedarfsplanung und –kontrolle, Monitoring der dem Department in diesem Bereich vorgegebenen Ziele Eigenständige Betreuung von Bachelorarbeiten; Aufbau und Weiterentwicklung (fach-)didaktischer Expertise NOTWENDIGE KENNTNISSE UND QUALIFIKATIONEN: Abgeschlossenes Doktoratsstudium mit fachlicher Ausrichtung in den Bereichen Finance und/oder Accounting Erfahrungen in der Lehre an tertiären Bildungseinrichtungen (Universitäten, Fachhochschulen, etc.) Ausgeprägte Team-, Kommunikations- und Organisationsfähigkeit ERWÜNSCHTE KENNTNISSE UND QUALIFIKATIONEN: Fachdidaktische Qualifikation Kennzahl: 2042 Ende der Bewerbungsfrist: 4. Juli 2012 Bewerbung unter www.wu.ac.at/jobs<http://www.wu.ac.at/jobs> Daniela Fuchs Office Finance Institute for Finance, Banking and Insurance Department of Finance, Accounting and Statistics WU Wirtschaftsuniversität Wien Vienna University of Economics and Business Heiligenstädter Straße 46-48, A - 1190 Wien, Austria [T] 01/31336/4691 [F] 01/31336/904691 [E] daniela.fuchs(a)wu.ac.at<mailto:daniela.fuchs@wu.ac.at>

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[VFN] Young Researcher Workshop Berlin
by Ulrich Horst 23 May '12

23 May '12

-------- 4TH BERLIN WORKSHOP ON MATHEMATICAL FINANCE FOR YOUNG RESEARCHERS --- Dear Colleague, we are pleased to send you the second announcement of the upcoming 4th Berlin Workshop on Mathematical Finance for Young Researchers, October 11-13, 2012. The workshop provides a forum for PhD students, postdoctoral researchers and young faculty members from all over the world to discuss their research in an informal atmosphere. Keynote lectures will be given by Freddy Delbaen (Zurich) Rüdiger Frey (Vienna) Steven Shreve (Pittsburgh) We also invite up to 15 contributed papers from young researchers. Accommodation expenses for speakers will be covered. The closing date for submissions to mailto:finance@math.hu-berlin.de is June 15th, 2012. Notification of acceptance will be sent by July 15th, 2012. Please visit http://www.qfl-berlin.de/workshop2012 for further information and (required) registration. Please forward this announcement to interested students. With our best regards, Jana Bielagk, Selim Gökay, Christoph Mainberger Peter Bank, Peter Friz, Ulrich Horst, Michael Kupper Young Researcher Workshop Berlin newsletter http://www.qfl-berlin.com/newsletter/young-researcher-workshop-berlin-newsl…

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