---------- 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
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
---------- 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 ]
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.
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
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
*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
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/
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
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
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
<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>
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
----------------------
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
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
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.
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.
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.
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
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.
-------- 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
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>
-------- 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…
------------------------------------------------------------------------
On September 17-19-th, 2012, WPI Vienna will host the
2nd International Conference on Energy and Commodities
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
The registration is free but mandatory, up to 2 weeks
prior to the event.
Confirmed speakers, so far, include:
Rene' Aid, Electricite' de France
Ole Barndorff-Nielsen, Aarhus University
Matt Davidson, Kyloe Energy
Emanuel Gobet, Ecole Polytechnique, Paris
Ruediger Kiesel, Lehrstuhl, Duisburg
Delphine Lautier, Paris-Dauphine
Brenda-Lopez Cabrera, Humboldt University, Berlin
Peter Tankov, Ecole Polytechnique, Paris
Xavier Warin, Electricite de France, Paris
The organizers are:
Rene Aid, Fred Benth, Valery Kholodnyi,
Peter Laurence, Almut Veraart
The conference is co-funded by
WPI - Wolfgang Pauli Institut,
Electricite de France,
Verbund, Austria.
Registration, via email to:
laurenceWPI(a)gmail.com
Updates will be posted at
http://www.math.nyu.edu/~laurence/Wpi/vienna-Energy-bis.htm
(--> Conference II)
The organizers invite the submission of CONTRIBUTED TALKS.
