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: MAY 3 (Thursday), 2012 - 4:00 pm
Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien
Speaker: Prof. Dr. LISA KRAMER, Rotman School of Management, University of Toronto
Title:
"WINTER BLUES: THE IMPLICATIONS OF SEASONAL CHANGES IN INVESTOR RISK APPETITE"
ABSTRACT:
In recent years, evidence has been mounting that human characteristics such as emotion and mood play a role in economic and financial decision making. In this presentation we will consider evidence at the individual level which demonstrates that mood directly impacts investors' risk preferences. We will also consider evidence at the aggregate market level to show that mood has an impact on the price of risk, the return on safe and risky assets, capital flows, and other important economic quantities. This research represents an important building block in the field of behavioral finance, linking human psychology with financial markets and even leading to broad predictability of market movements based on sharp changes in risk appetite.
ABOUT LISA KRAMER:
Lisa Kramer is an Associate Professor of Finance in the University of Toronto's Rotman School of Management where she is the Canadian Securities Institute Research Foundation Limited Term Professor. She recently spent a one-year sabbatical as a Visiting Scholar in the Psychology Department at Stanford University. Her Ph.D. in finance is from the Sauder School of Business at the University of British Columbia. Professor Kramer is an expert on behavioural finance, with interests in neuroeconomics, investments, capital market seasonality, human decisions, and emotions. Some of her best-known and most provocative research is based on identifying instances where investors' psychological tendencies lead to widespread movements in financial markets. She has delivered seminars at universities, conferences, private institutions, and government agencies around the world. Her work has been published in journals including the American Economic Review and the Journal of Financial and Quantitative Analysis. Her studies have been profiled by media outlets including The Wall Street Journal, US News and World Reports, The Washington Post, The Daily Telegraph, Business Week, and SmartMoney Magazine.
More information about Professor Kramer:
http://www.lisakramer.com
**Please REGISTER**:
Mail: gutmann-center(a)wu.ac.at
Phone: +43-1-31336-4244
Please contact gutmann-center(a)wu.ac.at if you do not wish to receive any further invitations from us!
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
UNIVERSITÄTSASSISTENT/IN PRAE DOC (Teaching and Research Associate)
Im INSTITUTE FOR FINANCE, BANKING AND INSURANCE ist voraussichtlich ab 1. Juni 2012 bis 31. Mai 2018 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: 1.899 € brutto, Anrechnung von tätigkeitsbezogenen Vordienstzeiten möglich) Beschäftigungsausmaß: 75% (30 Std./Woche) zu besetzen.
Wir weisen darauf hin, dass der WU-Personalentwicklungsplan für Universitätsassistent/in prae doc eine maximale Befristungsdauer von sechs Jahren vorsieht. Bewerber/innen, die bereits als Ersatzkräfte an der WU beschäftigt sind, können daher nur mehr für die auf sechs Jahre fehlende Zeit eingestellt werden. Die Wiederbestellung von Personen, die bereits eine Stelle als Universitätsassistent/in prae doc inne hatten, ist lediglich auf eine Stelle eines Universitätsassistenten post doc/einer Universitätsassistentin post doc im Tenure Track möglich
AUFGABENGEBIET:
Unterstützung und Mitarbeit in der Lehre und Forschung im Bereich Finance, Risk Management oder Insurance, (Mit)betreuung von Bachelorarbeiten
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: 2007
Ende der Bewerbungsfrist: 16. Mai 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>
*First Announcement
**25th International Summer School of the Swiss Association of Actuaries
(2012)
*Topic: *Market Valuation Methods
*Teachers: *Antoon Pelsser* and *Antje Mahayni
*Location: University of Lausanne
Dates: 13-17 August 2012
The web site ( www.saa-iss.ch <http://www.saa-iss.ch/> ) has been
updated, and registration is open.
Please inform all people you know who might be interested.
Best regards,
François Dufresne
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: MAY 3 (Thursday), 2012 - 4:00 pm
Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien
Speaker: Prof. Dr. LISA KRAMER, Rotman School of Management, University of Toronto
Title:
"WINTER BLUES: THE IMPLICATIONS OF SEASONAL CHANGES IN INVESTOR RISK APPETITE"
ABSTRACT:
In recent years, evidence has been mounting that human characteristics such as emotion and mood play a role in economic and financial decision making. In this presentation we will consider evidence at the individual level which demonstrates that mood directly impacts investors' risk preferences. We will also consider evidence at the aggregate market level to show that mood has an impact on the price of risk, the return on safe and risky assets, capital flows, and other important economic quantities. This research represents an important building block in the field of behavioral finance, linking human psychology with financial markets and even leading to broad predictability of market movements based on sharp changes in risk appetite.
ABOUT LISA KRAMER:
Lisa Kramer is an Associate Professor of Finance in the University of Toronto's Rotman School of Management where she is the Canadian Securities Institute Research Foundation Limited Term Professor. She recently spent a one-year sabbatical as a Visiting Scholar in the Psychology Department at Stanford University. Her Ph.D. in finance is from the Sauder School of Business at the University of British Columbia. Professor Kramer is an expert on behavioural finance, with interests in neuroeconomics, investments, capital market seasonality, human decisions, and emotions. Some of her best-known and most provocative research is based on identifying instances where investors' psychological tendencies lead to widespread movements in financial markets. She has delivered seminars at universities, conferences, private institutions, and government agencies around the world. Her work has been published in journals including the American Economic Review and the Journal of Financial and Quantitative Analysis. Her studies have been profiled by media outlets including The Wall Street Journal, US News and World Reports, The Washington Post, The Daily Telegraph, Business Week, and SmartMoney Magazine.
More information about Professor Kramer:
http://www.lisakramer.com
**Please REGISTER**:
Mail: gutmann-center(a)wu.ac.at
Phone: +43-1-31336-4244
Please contact gutmann-center(a)wu.ac.at if you do not wish to receive any further invitations from us!
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
Dear all,
We would like to remind you that the deadline for applying to the 5th
European Summer School in Mathematical Finance that will take place at
Ecole Polytechnique, 27-21 August, 2012, is April 30.
Lectures will be on Optimal Transportation and Skorokhod Embedding
applied in finance.
Grants are provided to selected students.
Please consult the web page
http://www.cmap.polytechnique.fr/~euroschoolmathfi12/ for more
informations.
With best regards,
Feel free to circulate this announcement.
Yours sincerely,
The organising committee
Bruno Bouchard, Monique Jeanblanc, Bernard Lapeyre, Gilles Pagès, Huyên
Pham, Mathieu Rosenbaum, Mete Soner, Josef Teichmann, Nizar Touzi
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: MARCH 22 (Thursday), 2012 - 4:00 pm
Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien
Speaker: Prof. Dr. ALEXANDER KEMPF, University of Cologne
Title: THE VALUATION OF HEDGE FUNDS' EQUITY POSITIONS
ABSTRACT:
We provide evidence on the valuation of equity positions by hedge fund advisors. Reported valuations deviate from standard valuations based on closing prices from CRSP for roughly seven percent of the positions. These deviations are economically significant for about 25 percent of the hedge fund advisors. Advisors with more pronounced valuation deviations show a stronger discontinuity in their reported returns around zero, manage a higher fraction of potentially fraudulent funds, show smoother reported returns, self-report to commercial databases, and are domiciled in offshore locations. Additional tests suggest that the documented equity valuation deviations respond to past performance.
ABOUT ALEXANDER KEMPF:
Professor Kempf is Professor of Finance at the University of Cologne and a full member of the Northrhine-Westphalian Academy of Sciences, Humanities, and the Arts. He is in charge of the Cologne PhD School in Risk Management, is a member of the Executive Board of the Cologne Graduate School and the managing Director of the CFR Centre for Financial Research. The CFR is an independent research institute focusing on topics in asset management. Professor Kempf has been teaching at the University of Cologne since 1999. He obtained his doctoral degree and his venia legendi from the University of Mannheim.
Professor Kempf has published extensively on asset and risk management. His current research focuses on mutual and hedge funds as well as on liquidity and estimation risk. His research has been published in leading academic journals like Journal of Financial Economics, Review of Financial Studies, and Review of Finance. He regularly presents his research results at conferences and in the national and international press. Prof. Kempf is also an advisory consultant for companies and serves as a consultant for the industry.
More information about Professor Kempf:
www.finance.uni-koeln.dewww.cfr-cologne.de
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: MARCH 22 (Thursday), 2012 - 4:00 pm
Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien
Speaker: Prof. Dr. ALEXANDER KEMPF, University of Cologne
Title: THE VALUATION OF HEDGE FUNDS' EQUITY POSITIONS
ABSTRACT:
We provide evidence on the valuation of equity positions by hedge fund advisors. Reported valuations deviate from standard valuations based on closing prices from CRSP for roughly seven percent of the positions. These deviations are economically significant for about 25 percent of the hedge fund advisors. Advisors with more pronounced valuation deviations show a stronger discontinuity in their reported returns around zero, manage a higher fraction of potentially fraudulent funds, show smoother reported returns, self-report to commercial databases, and are domiciled in offshore locations. Additional tests suggest that the documented equity valuation deviations respond to past performance.
ABOUT ALEXANDER KEMPF:
Professor Kempf is Professor of Finance at the University of Cologne and a full member of the Northrhine-Westphalian Academy of Sciences, Humanities, and the Arts. He is in charge of the Cologne PhD School in Risk Management, is a member of the Executive Board of the Cologne Graduate School and the managing Director of the CFR Centre for Financial Research. The CFR is an independent research institute focusing on topics in asset management. Professor Kempf has been teaching at the University of Cologne since 1999. He obtained his doctoral degree and his venia legendi from the University of Mannheim.
Professor Kempf has published extensively on asset and risk management. His current research focuses on mutual and hedge funds as well as on liquidity and estimation risk. His research has been published in leading academic journals like Journal of Financial Economics, Review of Financial Studies, and Review of Finance. He regularly presents his research results at conferences and in the national and international press. Prof. Kempf is also an advisory consultant for companies and serves as a consultant for the industry.
More information about Professor Kempf:
www.finance.uni-koeln.dewww.cfr-cologne.de
Please contact gutmann-center(a)wu.ac.at if you do not wish to receive any further invitations from us!
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
An der Abteilung für Asset Management des Institutes für Betriebliche
Finanzwirtschaft der Johannes Universität Linz
ist voraussichtlich ab 1.4.2012 die Stelle eines
Universitätsassistenten bzw. einer Universitätsassistentin mit
Diplom/Master
nach dem Kollektivvertrag der ArbeitnehmerInnen der Universitäten und
UG auf vier Jahre im vollen Beschäftigungsausmaß zu besetzen.
In besonders begründeten Fällen kann eine Teilung in zwei 50 %-Stellen
erfolgen.
Ihr Aufgabengebiet:
Neben Ihrer Doktorarbeit arbeiten Sie bei verschiedenen
Forschungsprojekten mit und sind auch in der Lehre mit Freude und
Engagement aktiv.
Sie beschäftigen sich mit aktuellen Themen aus dem Gebiet der
Bankbetriebswirtschaftslehre, dem Asset Management und/oder dem Private
Banking.
Zusammen mit dem gesamten Team entwickeln Sie neue Ideen, Konzepte und
Methoden.
Zudem übernehmen Sie auch administrative Aufgaben und unterstützen
dabei den Abteilungsleiter sowie das gesamte Team.
Unsere Anforderungen:
Wir suchen eine motivierte Persönlichkeit, die von der Finanzwelt
fasziniert ist und im Rahmen einer
Dissertation ein eigen erarbeitetes Thema wissenschaftlich vertieft
untersuchen möchte.
Wir erwarten einen sehr guten Universitätsabschluss in den
Studienrichtungen Wirtschaftswissenschaften oder Statistik.
Allenfalls haben Sie im Verlauf Ihres Studiums bereits erste berufliche
Erfahrungen, vorzugsweise in einem Finanzinstitut, sammeln können.
Bei der Verfassung Ihrer Diplomarbeit haben Sie weit
überdurchschnittliche Fähigkeiten gezeigt.
Eigenständiges Arbeiten, Kreativität, hohe Leistungsbereitschaft und
Arbeitsdisziplin zählen zu Ihren Stärken.
Sie beherrschen gängige statistische Analysemethoden und den Umgang mit
dem MS-Office Paket.
BewerberInnen sollten über sehr gute Englischkenntnisse in Wort und
Schrift verfügen.
Unser Angebot:
Wir bieten ein sehr gutes Betriebsklima in einem dynamischen Team,
welches hochgesteckte Ziele verfolgt.
Da die gesamte Abteilung der Universität neu geschaffen wurde, steht
Ihnen die Möglichkeit
offen, eigene Ideen einzubringen und auch umzusetzen.
Spaß an der Arbeit durch Raum für unternehmerische Eigeninitiative ist
gewährt.
Schritt für Schritt werden Sie mehr Verantwortung übernehmen können und
sich sowohl fachlich wie auch persönlich weiterentwickeln.
Dies wird es Ihnen ermöglichen, Lösungen komplexer wissenschaftlicher
Problemstellungen auf den Gebieten der
Grundlagenforschung und/oder der angewandten Forschung zu entwickeln
und zu vertiefen.
Durch den engen Kontakt mit der Finanzindustrie werden Sie Gelegenheit
haben sich auszuzeichnen und wichtige Kontakte zu knüpfen.
Nähere Auskünfte erteilt der Abteilungsleiter, Univ.-Prof. Dr. Teodoro
D. Cocca, Tel.: 0732/2468-7211, Email: teodoro.cocca(a)jku.at.
Das kollektivvertragliche Mindestgehalt beträgt € 2.532,00, bzw. €
1.266,00 (bei Halbbeschäftigung) brutto pro Monat.
Im Sinne des Frauenförderungsplanes werden besonders Frauen ermutigt,
sich zu bewerben.
Bei gleicher Qualifikation werden Frauen bevorzugt aufgenommen.
Begünstigt behinderte BewerberInnen werden bei entsprechender Eignung
besonders berücksichtigt.
Schriftliche Bewerbungen mit den üblichen Unterlagen (Lebenslauf,
Lichtbild, Werdegang sowie Zeugniskopien) sind bis 7.3.2012
an das Personalmanagement der Zentralen Dienste der Johannes Kepler
Universität Linz, Altenberger Str. 69, 4040 Linz, persabt(a)jku.at,
erbeten.
Bitte geben Sie bei der Bewerbung unbedingt die „Anzeigenummer 2379"
an.
*Tenure Track Assistant Professor in Actuarial
<https://www.hec.unil.ch/candidatures/offres/details?id=57>Science
<https://www.hec.unil.ch/candidatures/offres/details?id=57>*
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
*Tenure Track Assistant Professor in Actuarial Science
*
Starting on August 1^st , 2012 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. Preference will be given to applicants with research
interests related to Enterprise risk management and catastrophe risk
modeling.
Applications should be submitted online by *March 17,* *2012*. 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.
*
apply before: 17 Mar 2012* apply on-line now
<https://www.hec.unil.ch/candidatures/postuler?id=57>
*job description* cc_scactua11-12projet15122011_final.pdf
<https://www.hec.unil.ch/jobs/public/57_docs/cc_scactua11-12projet15122011_f…>
European Actuarial Journal (EAJ) Conference
September 6-7, 2012
University of Lausanne, Switzerland
This international conference in actuarial science is organized by the
University of Lausanne and the Swiss Association of Actuaries.
The aim is to bring together practicing actuaries and academics to
discuss about challenging and current topics in actuarial science.
Researchers and practitioners are invited to present their scientific
work on the topics:
* Life and Pension Insurance Mathematics
* Non-Life Insurance Mathematics
* Risk Management and Solvency II
* Financial Mathematics with Applications in Insurance
* Economics of Insurance
Abstracts for presentations should be submitted to abstract(a)eaj2012.org
<mailto:abstract@eaj2012.org> by 30 April 2012.
More information can be found under
http://www.eaj2012.org/