CCEFM Workshop
Youchang Wu, University of Vienna
Security Characteristics and Expected Returns: Evidence from the Chinese
Stock Market (paper)
Friday, April 22th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
The paper can be downloaded from
http://www2.wu-wien.ac.at/ccefm/vgsf/activities/workshops.htm
---------------------
The next CCEFM workshop is by
Viral Acharya,
TBA
Friday, April 29th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
CCEFM Workshop
Suleyman Basak, London Business School
On the Role of Arbitrageurs in Rational Markets
Friday, April 15th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
The paper can be downloaded from
http://www2.wu-wien.ac.at/ccefm/vgsf/activities/workshops.htm
---------------------
The next CCEFM workshop is by
Youchang Wu, University of Vienna
Security Characteristics and Expected Returns: Evidence from the Chinese
Stock Market
Friday, April 22th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
CCEFM Workshop
Jun Liu, UCLA
Private Information, Diversication, and Asset Pricing
Friday, April 8th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
The paper can be downloaded from
http://www2.wu-wien.ac.at/ccefm/vgsf/activities/workshops.htm
---------------------
The next CCEFM workshop is by
Suleyman Basak, London Business School
On the Role of Arbitrageurs in Rational Markets
Friday, April 15th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
----------------------
Dr. Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
---------- Forwarded message ----------
From: Walter Schachermayer <wschach(a)fam.tuwien.ac.at>
---------- Forwarded message ----------
Date: Thu, 31 Mar 2005 11:50:12 +0200
From: Hans-Joachim Zwiesler <zwiesler(a)mathematik.uni-ulm.de>
Subject: SCOR-Preis für Aktuarwissenschaften 2005
Sehr geehrte Kolleginnen und Kollegen,
zum nunmehr neunten Mal stiftet das Rückversicherungsunternehmen SCOR
Deutschland, Tochtergesellschaft der französischen SCOR-Gruppe, die zu den
Top Ten unter den internationalen Rückversicherern zählt, in Zusammenarbeit
mit der Universität Ulm drei Preise zur Förderung von
Nachwuchswissenschaftlern deutschsprachiger Universitäten, deren Arbeiten
einen Bezug zu aktuarwissenschaftlichen Fragestellungen aufweisen. Die
Ausschreibung ist bewusst breit und interdisziplinär angelegt und erlaubt
auch die Einreichung von Dissertationen und Diplomarbeiten.
Im Namen der Jury und von SCOR Deutschland möchte ich Sie herzlich bitten,
die beiliegende Ausschreibung an geeignete Interessenten weiterzugeben.
Mit freundlichen Grüßen
Hans-Joachim Zwiesler
[attachment removed and saved to below URL by admin]
URL : http://www.fam.tuwien.ac.at/listsdata/20050331T1331.pdf
Type: PDF document, version 1.4
Size: 23438
CCEFM Workshop
The next CCEFM workshop is by
Thomas Steinberger
Defined Benefit Plans: Risk Sharing, Default and Regulation
Friday, April 1st, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
---------------------
The next CCEFM workshop is by
Jun Liu
TBA
Friday, April 8th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
The GUTMANN CENTER FOR PORTFOLIO MANAGEMENT
at the University of Vienna
http://www.gutmann-center.at
is pleased to announce the following PUBLIC LECTURE:
- Apologies for any cross-listings!! -
Date: April 13th, 2005 - 5.00 p.m.
Speaker: Prof. Dr. Suleyman BASAK
London Business School
http://faculty.london.edu/sbasak/
Title: "IMPLICIT INCENTIVES AND BENCHMARKING IN MONEY
MANAGEMENT"
Abstract:
Money managers are rewarded for increasing the value of assets
under management, and predominantly so in the mutual fund
industry. This gives the manager an implicit incentive to
exploit the well-documented positive fund-flows to
relative-performance relationship by manipulating her risk
exposure. In a dynamic asset allocation framework, this
presentation
will argue that as the year-end approaches, the ensuing
convexities in the manager's objective induce her to closely
mimic the index, relative to which her performance is evaluated,
when the fund's year-to-date return is sufficiently high. As her
relative performance falls behind, she chooses to deviate from
the index by either increasing or decreasing the volatility of
her portfolio. The maximum deviation is achieved at a critical
level of underperformance. It may be optimal for the manager to
reach such deviation via selling the risky asset despite its
positive risk premium. Costs of misaligned
incentives to investors resulting from the manager's policy are
economically significant. The presentation then will demonstrate
how a simple risk management practice that accounts for
benchmarking can ameliorate the adverse effects of managerial
incentives.
Location: Bank Gutmann AG (http://www.gutmann.at),
Schwarzenbergplatz 16, A - 1010 Vienna,
Austria
Please REGISTER:
brigitte.juchelka(a)gutmann.at
phone: +43-1-50220-357
Further information about the Gutmann Center:
Gutmann Center for Portfolio Management
University of Vienna
Bruenner Str. 72
A-1210 Wien
Austria
phone: +43-1-4277-38186
fax: +43-1-4277-38074
mail: gutmann.bwl(a)univie.ac.at
web: www.gutmann-center.at
CCEFM Workshop
Doron Avramov, University of Maryland
Investing in Mutual Funds when Returns are Predictable
Friday, March 18th, 3.30-5.00 pm
!****** different location *******!
HS 2,Institute for advanced studies, Stumpergasse 56, 1060 Wien
!****** different location *******!
The paper is downloadable from:
http://www.vgsf.ac.at/
---------------------
The next CCEFM workshop is by
Thomas Steinberger,
Defined Benefit Plans: Risk Sharing, Default and Regulation
Friday, April 1st, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
CCEFM Workshop
Christine Parlour, Carnegie Mellon University
"Credit Risk Transfer"
Friday, March 11th, 3.30-5.00 pm,
!****** different location *******!
HS 2,Institute for advanced studies, Stumpergasse 56,
1060 Wien
!****** different location *******!
The paper will be downloadable within the next few days from:
http://www.vgsf.ac.at/
---------------------
The next CCEFM workshop is by
Doron Avramov, University of Maryland
Title: TBA
Friday, March 18th, 3.30-5.00 pm,
Location: TBA
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
---------- Forwarded message ----------
Date: Wed, 16 Feb 2005 11:15:27 +0100
From: christine.neumeyer(a)univie.ac.at
To: vfn-l(a)fam.tuwien.ac.at
Subject: Stellenausschreibung
Anbei übermitteln wir Ihnen ein Infoblatt über eine
Stellenausschreibung am Institut für Finanzwirtschaft der Universität
Wien.
[attachment converted to plain text by vfn-l-admin, see below]
mfG
Christine Neumeyer
University of Vienna
Department of Finance
Bruenner Strasse 72
1210 Vienna
Austria
Tel: + 43 (01) 4277-38262
Fax: + 43 (01) 4277-38264
E-Mail: christine.neumeyer(a)univie.ac.at
www.univie.ac.at/bwl/fidi
GESUCHT: Assistentin / Assistent in Ausbildung
Der Lehrstuhl für Finanzdienstleistungen und Öffentliche Wirtschaft
des Institutes für Finanzwirtschaft der Fakultät für
Wirtschaftswissenschaften stellt mit ehestmöglichem Datum eine/n
Assistent/in ein.
Voraussetzungen: Abgeschlossenes Studium der Wirtschaftswissenschaften
(Diplom- oder Magistergrad)
Beschaeftigungsausmaß: 100 %
Gewünschte Zusatzqualifikationen: Kenntnisse in der
Regulierungstheorie- und praxis sowie die Bereitschaft, eine
Dissertation zu einem Thema im Bereich der Regulierung von
Kapitalmärkten und Finanzinstituten oder Infrastrukturunternehmen zu
verfassen.
Beschäftigungsdauer: 4 Jahre
Gehalt: ca. 1800,-
Bewerbung bis spät. 8. März 2005 an: Bewerbungsformulare
( http://www.univie.ac.at/Personalabteilung ) mit unterschriebenem
Lebenslauf an: Universität Wien - Zentrale Verwalung,
Personalabteilung / 1010 Wien, Dr. Karl Lueger Ring 1, bitte KENNZAHL
37551/BM unbedingt anführen.
***
---------- Forwarded message ----------
Date: Wed, 16 Feb 2005 08:58:58 +0100
From: Windsperger Josef <josef.windsperger(a)univie.ac.at>
Subject: ECONOMICS and MANAGEMENT of NETWORKS, EMNet 2005, Budapest,
September 15-17
Dear colleague,
as organizing chair of the international conference on Economics and
Management of Networks (EMNet 2005) in Budapest, September 15 - 17,
2005, I want to invite you to submit a paper for presentation. You will
find the call for papers and the registration form under
http://www.univie.ac.at/EMNET <http://www.univie.ac.at/EMNET>.
Best regards,
Josef Windsperger
University of Vienna
Center for Business Studies
--
Josef Windsperger, PhD
Associate Professor of Organization and Management (ao. Univ.-Prof.)
University of Vienna, Center for Business Studies
Bruenner Str. 72; A-1210 Vienna, Austria
Phone: +431 4277 38180; Fax: +431 4277 38174
Email: josef.windsperger(a)univie.ac.at
URL: http://www.univie.ac.at/im
---------- Forwarded message ----------
From: Walter Schachermayer <wschach(a)fam.tuwien.ac.at>
---------- Forwarded message ----------
Date: Tue, 8 Feb 2005 08:06:37 -0500
From: IAA Secretariat AAI <secretariat(a)actuaries.org>
To: AFIR Members List / Liste des membres d'AFIR <afir(a)lists.actuaries.org>
Subject: Workshop on the Interface between Quantitative Finance and
Insurance / Atelier sur l'interface entre la finance quantitative et
l'assurance
Workshop on the Interface between Quantitative Finance and Insurance
A satellite workshop of the Quantitative Finance Programme of the Isaac
Newton Institute
and a 2005 Regional Seminar of the AFIR Section of the International
Actuarial Association
Edinburgh, 4 - 8 April 2005
Workshop Summary
The Workshop starts with Registration (between 9.30 and 10.30am) on Monday 4
April and finishes on Friday 8 April at around 4pm. It is possible to
register for the first two days only.
This workshop aims to discuss leading-edge research on the interface between
insurance, pensions and quantitative finance. The meeting will concentrate
on two closely linked themes. First, all insurance companies and pension
plans are subject to a degree of financial and economic risk as well as
their traditional insurance risks. Considerable research in the
international actuarial community is ongoing which attempts to model and
manage these risks. Much of this research is building upon existing
knowledge in financial mathematics. Equally, though, the specific problems
being encountered are throwing back new challenges for financial
mathematicians. This introduces us to the second theme: the issue of
securitisation of insurance risks. This presents many new challenges that
require a combination of actuarial mathematics, financial mathematics,
mathematical economics and good contract design.
The workshop will bring together leading international experts from both
academia and practice to promote exchange of ideas and help make progress on
research into current issues.
Applications and payment must be received by Monday 21 March. Places will be
confirmed on receipt of payment. You may apply online at the following
address:
http://www.ma.hw.ac.uk/icms/meetings/2005/quantfinance/reg_form.html
----------------------------------------------------------------------------
----
Atelier sur l'interface entre la finance quantitative et l'assurance
Un atelier satellite du Programme sur la finance quantitative du Isaac
Newton Institute et un séminaire régional 2005 de la Section AFIR de
l'Association Actuarielle Internationale
Édinburgh, du 4 au 8 avril 2005
Sommaire de l'atelier
L'atelier débute avec les inscriptions (entre 9 h 30 et 10 h 30), lundi 4
avril et se termine le vendredi 8 avril vers 16 h. Il est possible de
s'inscrire pour les deux premiers jours seulement.
Le but de l'atelier est de favoriser les discussions sur les recherches de
pointe concernant l'interface entre l'assurance, les régimes de retraite et
la finance quantitative. La réunion portera principalement sur deux thèmes
en étroit rapport. Premièrement, toutes les compagnies d'assurance et les
régimes de retraite sont sujets à un certain niveau de risque financier et
économique, de même qu'aux risques d'assurance traditionnels. De nombreuses
recherches au sein de la communauté actuarielle internationale sont en cours
afin de tenter de modéliser et de gérer ces risques. Ces efforts sont
principalement fondés sur les connaissances actuelles dans le domaine des
mathématiques financières. Cependant, les problèmes particuliers rencontrés
posent de nouveaux défis aux mathématiciens du secteur financier. Ceci nous
amène au deuxième thème, soit la question de la titrisation des risques
d'assurance. Ceci pose de nombreux défis nouveaux qui requièrent une
combinaison de mathématiques actuarielles, de mathématiques financières,
d'économie mathématique et de bonne conception de contrats.
L'atelier permettra à des chefs de file internationaux du secteur académique
et des domaines mettant ces connaissances en pratique de se rencontrer et
d'échanger sur ces questions dans le but de faire progresser la recherche
dans ces domaines.
Les inscriptions et le paiement doivent être reçus au plus tard lundi le 21
mars . Les places seront confirmées sur réception du paiement. Vous pouvez
vous inscrire en ligne à l'adresse suivante :
http://www.ma.hw.ac.uk/icms/meetings/2005/quantfinance/reg_form.html
Please distribute the following announcement via the newsletter. Thanks,
Hansjoerg Albrecher
--------------------------------------
FIRST ANNOUNCEMENT
May 9-11, 2005, Workshop "Risk Measures & Risk Management: General Aspects", EURANDOM, Eindhoven, NL
The workshop focuses on the theoretically interesting and practically
important topic of risk measures and risk management. The workshop will
bring together leading researchers from academia and from practice.
Topics that will be included are: axiomatic aspects, performance of risk
measures, computational and statistical aspects. Furthermore applications
of risk measures in (re-)insurance, finance and portfolio optimization
are treated. Special emphasis lies on interest rate models and on credit risk.
For more information and registration please consult
URL: http://www.eurandom.tue.nl/workshops/2005/RiskMeasures/RiskMeasures_main.htm
CCEFM/IHS Workshop
Bernard Dumas, INSEAD
What To Do About Excessive Volatility?
Friday, January 28th, 3.30-5.00 pm,
Wiener Börse, Wallnerstrasse 8, 1010 Wien
The paper can be downloaded from
http://www2.wu-wien.ac.at/ccefm/activities/workshops.htm
----------------------
The next workshop will be by Christine Parlour on March 11th.
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
---------- Forwarded message ----------
From: Walter Schachermayer
---------- Forwarded message ----------
Date: Fri, 14 Jan 2005 15:28:02 -0500
From: Vicky Henderson <vhenders(a)Princeton.EDU>
Subject: Developments in Quantitative Finance, 4-8 July 2005
Dear collegues,
Please find below the announcement for the INI conference
"Developments in Quantitative Finance" to be held in Cambridge this July.
We have generous funding from the EC and Nomura for this event, so will
be able to fund local expenses of students, young participants and
Europeans working outside the EU.
The official website for the conference can be found :
http://www.newton.cam.ac.uk/programmes/DQF/dqfw02.html
where there is an application form. The deadline is 28th February.
There are also more details about funding categories and accomodation
options on a second website :
http://www.bath.ac.uk/~masdgh/INI/conference.html
Please accept our apologies if you receive multiple announcements - we
want to advertise widely.
Best wishes,
Vicky Henderson
David Hobson
Stan Pliska
Chris Rogers
------------------------------------------------------------
Isaac Newton Institute for Mathematical Sciences, Cambridge, UK
Quantitative Finance: Developments, Applications & Problems
(4 - 8 July 2005)
Supported by the European Commission, Sixth Framework Programme
Marie Curie Conferences and Training Courses - MSCF-CT-2004-516558 and
NOMURA
in association with the Newton Institute programme entitled Developments
in Quantitative Finance (24 January to 22 July 2005)
Organisers: V Henderson (Princeton), D Hobson (Bath), S Pliska
(Illinois), C Rogers (Cambridge).
Theme of Conference: The objective of this conference is to bring
together academics from various fields, including mathematicians, but
also researchers from economics and finance, together with industry
practitioners, to discuss the latest developments in the theory of
mathematical finance, the application of this theory to current issues
facing the industry and to identify the substantive problems confronting
academic researchers and finance professionals. Many individual themes
within quantitative finance are covered elsewhere in the programme, and
this conference will aim to promote the developments in those areas to a
wider audience, whilst simultaneously providing a forum for the
discussion of advances in other areas within the field.
Invited Speakers: Y Ait-Sahalia (Princeton), P. Bank (Columbia), M.
Baxter (Nomura), D. Becherer (Imperial), N. Branger (Frankfurt), M.
Davis (Imperial), D. Duffie* (Stanford), R Frey (Leipzig), S Hodges
(Warwick), L. Hughston (Kings), R. Jarrow* (Cornell), E. Jouini
(Ceremade), S Kou (Columbia), D. Kramkov (Carnegie-Mellon), M. Monoyios
(Brunel), P. Mykland (Chicago), E Platen (UTS), J-C Rochet (Toulouse),
S. Ross (MIT), S. Shreve (Carnegie-Mellon), R Sircar (Princeton) and M.
Zervos (Kings).
*to be confirmed
Location & Cost: The Conference will take place at the Newton Institute
and accommodation for participants will be provided in single study
bedrooms with shared bathroom at Wolfson Court. The conference package,
costing 440GBP, includes accommodation, breakfast and dinner from dinner
on Sunday 3 July to breakfast on Saturday 9 July 2005, and lunch and
refreshments during the days that lectures take place. Self-supporting
participants are very welcome to apply.
Further Information and Applications Forms are available from the WWW at:
http://www.newton.cam.ac.uk/programmes/DQF/dqfw02.html
Completed application forms should be sent to Tracey Andrew at the
address below, or via email to: t.andrew(a)newton.cam.ac.uk
Closing Date for the receipt of applications is 28 February 2005
CCEFM/IHS Workshop
Florian Heider, ECB
Capital structure, risk and asymmetric information
Friday, January 21st, 3.30-5.00 pm
Wiener Börse, Wallnerstrasse 8, 1010 Wien
The paper can be downloaded from
http://www2.wu-wien.ac.at/ccefm/activities/workshops.htm
----------------------
The next workshop will be by Bernard Dumas on January 28th.
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
CCEFM Workshop, 14.1.2005, 3:30-5:00 pm
Christian Pierdzioch (Universität Kiel)
"Sources of Predictability of European Stock Markets for High-Technology Firms"
Wiener Börse,
Wallnerstrasse 8
1010 Wien
The paper can be downloaded from:
http://www2.wu-wien.ac.at/ccefm/activities/workshops.htm
--------------------------------------------------------------
Invitation
The Second MTS Conference on Financial Markets:
The Organisation and Performance of Fixed-Income Markets
Hosted by Universität Wien und ISK Wien
Palais Coburg, 16-18 December 2004
Please register at
isk(a)iskwien.at
+43 (1) 51818-900
--------------------------------------------------------------
Thursday, December 16
13.15 Welcome by Marco Pagano
14.00 Session 1 - Secondary Markets, Chair: Gustavo Piga
Automation versus Intermediation: Evidence from Treasuries Going Off the Run
M. Barclay, T. Hendershott, K. Kotz
Discussant: G. Garbi
Financial Intermediation and the Costs of Trading in an Opaque Market
R. Green, B. Hollifield, N. Schurhoff
Discussant: C. D'Souza
MTS Time Series
A. Dufour
Key Note Address
Chester Spatt
Moderator: Bruno Biais
Friday, December 17
8.30 Session 2 - Primary Markets, Chair: Ernst-Ludwig von Thadden
Illiquidity Spillovers: Theory and Evidence from European Telecom Bond Issuance
Y. Newman, M. Rierson
Discussant: A. Melnik
Order Flow and the Formation of Dealer bids: An Analysis of Information and Strategic Behaviour in the Government of Canada Security Auctions
A. Hortacsu, S. Sereen
Discussant: C. Upper
Dicriminatory Auctions with Seller Discretion: Evidence from German Treasury Auctions
J. Rocholl
Discussant: A. Hortacsu
13.30 Session 3 - Liqudity and Risk, Chair: Giorgio Basevi
Flight to Quality, Flight to Liquidity, and the Pricing of Risk
D. Vayanos
Liquidity Discovery and Asset Pricing
M. Gallmeyer, B. Hollifield, D. Seppi
Discussant: V. Acharya
Welcome by Prof. Niels Thygesen
Roundtable: Bond Market: Liquidity, Risk and Regulation, Chair: A. Lamfalussy
A. Grünbichler, T. Padoa Schioppa, G. Szapary
Saturday, December 18
9.00 - 13.30 Press Sessions
--------------------------------------------------------------
Further information:
Dr. Otto Randl
Institut für strategische Kapitalmarktforschung
Coburgbastei 4/1
A-1010 Wien
T: +43 (1) 518 18 - 900
F: +43 (1) 518 18 - 920
E: otto.randl(a)iskwien.at
Programme:
http://www.iskwien.at/upload/Preliminary_Programme_Vienna.pdf
There is no conference fee, but registration at isk(a)iskwien.at is required.
Due to the limited number of participants please register asap.
--------------------------------------------------------------
CCEFM/IHS Workshop
Youchang Wu and Josef Zechner, University of Vienna
Closed-end Fund Governance, Portfolio Performance, and the Discount
Friday, December 10th, 3.30-5.00 pm,
Location: (!) BWZ HS 9 (!) Brünner Strasse 72, 1210 Wien
The paper can be downloaded from
http://www2.wu-wien.ac.at/ccefm/activities/workshops.htm
----------------------
This is the last workshop for this year. The next workshop will be on
January 14th.
Merry Christmas!
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
Dear colleague,
as organizing chair I want to invite you to the international conference on
Economics and Management of Networks (EMNet 2005) (see
www.univie.ac.at/EMNET).
This conference will take place in Budapest, September 15 - 17, 2005.
Best regards,
Josef
Please send this message to colleagues and friends!
--
Josef Windsperger, PhD
Associate Professor of Organization and Management (ao. Univ.-Prof.)
University of Vienna, Center for Business Studies
Bruenner Str. 72; A-1210 Vienna, Austria
Phone: ++431 4277 38180; Fax: ++431 4277 38174
Email: josef.windsperger(a)univie.ac.at
URL: http://www.univie.ac.at/im
An der Abteilung für Quantitative Betriebswirtschaftslehre und Operations
Research (http://www.wu-wien.ac.at/inst/or/tafel.html),
Wirtschaftsuniversität Wien (http://www.wu-wien.ac.at) ist voraussichtlich
ab 1. Jänner 2005 bis 31. Dezember 2008 1 Posten für einen
Wissenschaftlichen Mitarbeiter/eine Wissenschaftliche Mitarbeiterin,
vollbeschäftigt, (ArbeitnehmerIn der Wirtschaftsuniversität Wien gem. § 128
UG 2002 idgF), ersatzmäßig zu besetzen.
Notwendige Kenntnisse und Qualifikationen:
EU-Bürger/in, abgeschlossenes Studium der Sozial- und
Wirtschaftswissenschaften oder Mathematik oder Informatik oder
Wirtschaftsinformatik
Erwünschte Kenntnisse und Qualifikationen:
Eignung zur Mitarbeit in Lehre (insbesondere Finanzierung) und Forschung
der Abteilung, Mitarbeit im organisatorisch-administrativen Bereich der
Abteilung, Unterstützung der Abteilung in allen EDV- Belangen
(EDV-Beauftragte/r der Abteilung), insbesondere Administration des
Abteilungsservers (LINUX) und WEB-Design (HTML) zur Betreuung der
Abteilungshomepage
Kennzahl: 30605
Schriftliche Bewerbungen mit Lebenslauf und Angabe über den Studienerfolg
(ohne Originalzeugnisse) sind unter Angabe der angeführten Kennzahl an die
PERSONALABTEILUNG der Wirtschaftsuniversität Wien, Augasse 2-6, 1090 Wien
zu richten.
Ende der Bewerbungsfrist: 15. Dezember 2004
Bitte die Kennzahl unbedingt anführen!
Mit freundlichen Grüßen
Michaela Nettekoven
-------------------------------------------------------------
Univ. Ass. Dr. Michaela Nettekoven
Wirtschaftsuniversitaet Wien
Abt. f. Quantitative Betriebswirtschaftslehre und Operations Research
UZA 4, 4. Stock, Bauteil D
Nordbergstraße 15, A - 1090 Wien
Tel.: (++43)-1-31336-4561, Fax: (++43)-1-31336-708
E_mail: michaela.nettekoven(a)wu-wien.ac.at
Web: <http://www.wu-wien.ac.at/wwwu/institute/or/tafel.html>
--------------------------------------------------------------
Invitation
The Second MTS Conference on Financial Markets:
The Organisation and Performance of Fixed-Income Markets
Hosted by Universität Wien und ISK Wien
Palais Coburg, 16-18 December 2004
PLEASE REGISTER BY FRIDAY, NOVEMBER 26 AT ISK(a)ISKWIEN.AT
(no conference fee, but registration is required)
Preliminary Programme:
http://www.iskwien.at/upload/Preliminary_Programme_Vienna.pdf
--------------------------------------------------------------
Thursday, December 16
13.15 Welcome by Marco Pagano
14.00 Session 1 - Secondary Markets, Chair: Gustavo Piga
Automation versus Intermediation: Evidence from Treasuries Going Off the Run
M. Barclay, T. Hendershott, K. Kotz
Discussant: G. Garbi
Financial Intermediation and the Costs of Trading in an Opaque Market
R. Green, B. Hollifield, N. Schurhoff
Discussant: C. D'Souza
MTS Time Series
A. Dufour
Key Note Address
Chester Spatt
Moderator: Bruno Biais
Friday, December 17
8.30 Session 2 - Primary Markets, Chair: Ernst-Ludwig von Thadden
Illiquidity Spillovers: Theory and Evidence from European Telecom Bond Issuance
Y. Newman, M. Rierson
Discussant: A. Melnik
Order Flow and the Formation of Dealer bids: An Analysis of Information and Strategic Behaviour in the Government of Canada Security Auctions
A. Hortacsu, S. Sereen
Discussant: C. Upper
Dicriminatory Auctions with Seller Discretion: Evidence from German Treasury Auctions
J. Rocholl
Discussant: A. Hortacsu
13.30 Session 3 - Liqudity and Risk, Chair: Giorgio Basevi
Flight to Quality, Flight to Liquidity, and the Pricing of Risk
D. Vayanos
Liquidity Discovery and Asset Pricing
M. Gallmeyer, B. Hollifield, D. Seppi
Discussant: V. Acharya
Welcome by Prof. Niels Thygesen
Roundtable: Bond Market: Liquidity, Risk and Regulation, Chair: A. Lamfalussy
A. Grünbichler, T. Padoa Schioppa, G. Szapary
Saturday, December 18
9.00 - 13.30 Press Sessions
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Further information:
Dr. Otto Randl
Institut für strategische Kapitalmarktforschung
Coburgbastei 4/1
T: +43 (1) 518 18 - 900
F: +43 (1) 518 18 - 920
E: otto.randl(a)iskwien.at
Registration: isk(a)iskwien.at
There is no conference fee, but registration is required.
Due to the limited number of participants please register asap.
--------------------------------------------------------------
AUSSCHREIBUNG
An der Abt. Finanzwirtschaft und Controlling
(http://www.imw.tuwien.ac.at/fc/), Institut für Institut für
Managementwissenschaften, der Technischen Universität Wien
(http://www.tuwien.ac.at/), ist voraussichtlich
ab 1.12.2004
auf die Dauer von 6 Jahren
eine Stelle für einen/eine Universitätsassistenten/in zu besetzen.
Beschäftigungsausmaß:
vollbeschäftigt
Aufnahmebedingungen:
einschlägig abgeschlossenes Doktoratsstudium bzw eine gleichwertige
wissenschaftliche Befähigung
Sonstige Kenntnisse:
Rechnungswesen und Risikocontrolling
Bewerbungsfrist:
bis 8.12.2004
Bewerbungen sind an die Personalabteilung I
(http://www.tuwien.ac.at/zv/pers1/ bzw.
http://info.tuwien.ac.at/histu/inst/0104.html) der TU Wien, Karlsplatz
13, A-1040 Wien, zu richten.
Für weitergehende Auskünfte steht
a.o.Univ.-Prof. Dr. Wolfgang Aussenegg
(Email: waussen(a)pop.tuwien.ac.at)
zur Verfügung.
Mit freundlichen Grüßen,
Wolfgang Aussenegg
--
***********************************************************
a.o.Univ.-Prof. Dr. Wolfgang Aussenegg
Institut für Managementwissenschaften
Abt. Finanzwirtschaft und Controlling
Technische Universität Wien
Phone: +43-1-58801 - 33082
Fax: +43-1-58801 - 33098
E-mail: waussen(a)pop.tuwien.ac.at
Web: http://info.tuwien.ac.at/E330/
Adresse: Favoritenstraße 9-11
A-1040 Wien
Österreich
CCEFM/IHS Workshop
Andrew Ellul, Indiana University
External Governance and Debt Agency Costs of Family Firms
The paper can be downloaded from
http://www2.wuwien.ac.at/ccefm/activities/workshops.htm
Friday, December 3rd, 3.30-5.00 pm, Wiener Börse, Wallnerstrasse 8, 1010
Wien
----------------------
The next workshop after this one will be by:
Youchang Wu and Josef Zechner, University of Vienna
Closed-end Fund Governance, Portfolio Performance, and the Discount
Friday, December 10th, 3.30-5.00 pm, Location: (!) BWZ HS 9 (!)
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
EINLADUNG ZUM 19. WORKSHOP DER AUSTRIAN WORKING GROUP ON BANKING AND
FINANCE
Freitag, 26. 11., 14.00 - 18.30
Samstag, 27. 11., 9.00 - 12.45
Wirtschaftsuniversität Wien
Augasse 2-6, 1090 Wien
Hörsaal 01, UZA1, Kern A
Das Programm der Veranstaltung und eine Möglichkeit zur Anmeldung sind
unter http://www.wu-wien.ac.at/wwwu/institute/ikw/hp/awg19.html
abrufbar. Anmeldeschluss ist der 24. 11. 2004.
Auf Ihr Kommen freuen sich die Abteilung für Betriebliche Finanzierung
und das Institut für Kreditwirtschaft an der Wirtschaftsuniversität
Wien.
Mit freundlichen Grüßen
Stefan Bogner Stefan Pichler
-------------------
Stud. Ass. Cüneyt KAZOKOGLU
Wirtschaftsuniversität Wien
Institut für Kreditwirtschaft
UZA 4, 6. Stock Kern B
Nordbergstraße 15
A-1090 Wien
Tel: ++43 1 31336 4686
Fax: ++43 1 3100580
E-mail: cuneyt.kazokoglu(a)wu-wien.ac.at
Web: http://www.wu-wien.ac.at/wwwu/institute/ikw/
---------------------
INVITATION TO
GUTMANN CENTER SYMPOSIUM ON HEDGE FUNDS
November 29th, 2004
University of Vienna
Dr. Karl Lueger-Ring 1, 1010 Wien
Program as pdf:
http://gutmann-center.univie.ac.at/bridging/gutmann_symposia/200
4_on_hedge_funds/Symp04-Folder.pdf
REGISTRATION IS REQUIRED!:
gutmann.bwl(a)univie.ac.at
Further information:
www.gutmann-center.at
In cooperation with: www.diepresse.com
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-----------------
In times of falling stock markets and not very promising bond
markets, investors are looking for alternatives. Hedge Funds
promise stable and attractive returns both during rising as well
as falling marketsbut come with the disadvantage that they are
frequently a black box for investors.The internationally
recognized speakers at our symposium will shed some light on
this hot topic from an academic as well as a practitioner's
point of view.
PROGRAM
08.30 - 09.00 Registration (Kleiner Festsaal)
09.00 - 09.15 Welcome (Kleiner Festsaal)
Josef Zechner, University of Vienna
Session 1 (Kleiner Festsaal)
Chair: Josef Zechner, University of Vienna
09.15 - 09.45 Mila Getmansky, Isenberg School of Management at
UMASS
"The Life Cycle of Hedge Funds: Fund
Flows, Size and Performance"
Discussant: Stefan Pichler, Vienna
University of Economics and BA
09.45 - 10.15 Julien Hugonnier, University of Lausanne
"Mutual Fund Portfolio Choice in the
Presence of Dynamic Flows"
Discussant: Thomas Dangl, Vienna
University of Technology
10.15 - 10.45 Narayan Y. Naik, London Business School
"Flows, Performance, and Managerial
Incentives in Hedge Funds
Discussant: Otto Randl, ISK Vienna
10.45 - 11.15 - Coffee Break -
Session 2 (Kleiner Festsaal)
Chair: Klaus Spremann, University of St. Gallen
11.15 - 11.45 Ryan J. Davies, Babson College
"Fund of Hedge Funds Portfolio
Selection:
A Multiple-Objective Approach"
Discussant: Steven Thorley, Brigham
Young University
11.45 - 12.15 Terry Marsh, Quantal Inc./ UC Berkeley
"Equity Market Neutral Hedge Funds"
Discussant: Engelbert Dockner,
University of Vienna
12.15 -12.45 Oleg Bondarenko, Washington University in St.
Louis
"Market Price of Variance Risk and
Performance of Hedge Funds"
Discussant: Shmuel Kandel, Tel Aviv
University
12.45 - 14.15 - Lunch Buffet -
PARALLEL SESSIONS:
Session 3a Parallel Session I (Kleiner Festsaal)
Chair: Shmuel Kandel, Tel Aviv University
14.15 14.45 Martin Ruckes, University of Wisconsin-Madison
"Liquidity, Borrowing Structure, and
Limits to Arbitrage"
Discussant: Alfred Lehar, University of
Vienna
14.45 15.15 Maria Vassalou, Columbia University
"Corporate Innovation and its Effects on
Equity Returns"
Discussant: Neal Stoughton, University
of Calgary
15.15 15.45 Kuan Xu, Dalhousie University
"Myopic Loss Aversion and Margin of
Safety"
Discussant: Elroy Dimson, London
Business School
Session 3b Parallel Session II (Hörsaal 16)
Chair: Terry Marsh, Quantal
International Inc./ UC Berkeley
14.15 14.45 George O Aragon, Boston College
"Share Restrictions and Asset Pricing
Evidence from the Hedge Fund Industry"
Discussant: Peter Pope, Lancaster
University
14.45 15.15 Yong Chen, Boston College
"Timing ability in the focus market of
hedge funds"
Discussant: Michael Halling, University
of Vienna
15.15. 15.45 Robert Kosowski, INSEAD
"Is Stellar Hedge Fund Performance for
Real?"
Discussant: Robert Korajczyk,
Northwestern University
Panel Discussion (Kleiner Festsaal)
16.00 - 17.30 Hedge Funds Temporary Fad or Here to Stay?
Chair: Michael Prüller, Die Presse
Discussants:
- Elroy Dimson, London Business
School
- Terry Marsh, UC Berkeley/
Quantal International Inc.
- Friedrich Strasser, Bank Gutmann
AG
- Josef Zechner, University of
Vienna
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-----------
Gutmann Center for Portfolio Management
University of Vienna
Bruenner Strasse 72
A-1210 Wien/Vienna
Austria
Phone: +43-1-4277-38186
Fax: +43-1-4277-38074
e-mail: gutmann.bwl(a)univie.ac.at
Homepage: www.gutmann-center.at