***REMINDER***
INVITATION
WU GUTMANN CENTER PUBLIC LECTURE
www.gutmann-center.at<http://www.gutmann-center.at>
(apologies for duplicated mails!)
DATE: May 6th, 2010 (Thursday) - 4.00 pm
Location: Bank Gutmann AG, Schwarzenbergplatz 16, 1010 Wien
SPEAKER: Prof. Dr. Martin WEBER, University of Mannheim
http://weber.bwl.uni-mannheim.de/prof_martin_weber+M5e499a55706.html
TITLE: HOW SHOULD PRIVATE INVESTORS DIVERSIFY?
An empirical evaluation of alternative asset allocation policies to construct a
"world market portfolio"
ABSTRACT:
We evaluate the performance of competing policies for the construction of a multi-asset
class portfolio from the perspective of a private investor. Particularly, we analyze how
plausible rules of thumb for asset allocation perform in comparison to scientific
portfolio choice models which are either standard in asset management or have been
recently proposed in the academic literature. Our study shows that in fact almost any form
of well-balanced allocation over asset classes offers similar diversification gains as
these scientific portfolio choice models. We thus suggest a simple and cost-efficient
allocation approach for private investors.
About MARTIN WEBER:
Prof. Dr. Dr. h.c. Martin Weber, Chair for Banking and Finance at the University of
Mannheim, is Director of the University`s Institute of Investment Banking. Born in 1952,
he studied mathematics and business administration and received his Ph.D. as well as his
habilitation for business administration from the University of Aachen. Before joining the
University of Mannheim he held professorships at the Universities of Cologne and Kiel. He
spent about three years as visiting scholar at UCLA, at the Wharton School, at Stanford
University and at the Fuqua School of Business, Duke University. His main interests lie in
the area of banking, behavioral finance, and its psychological foundations. He is the
author of numerous publications in these areas and co-author of textbooks on decision
analysis and banking. Sprecher (Director) 1997-2002 and Stellvertretender Sprecher (Deputy
Director) 2003-2008 for the Sonderforschungsbereich 504 of the German National Science
Foundation (Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung -
Rationality, Decision Making and Economic Modelling) and he serves on the editorial board
of various national and international journals. Dekan (Dean) of the Faculty for Business
Administration, University of Mannheim (4/2004 - 03/2006). Member of The German Academy of
Natural Scientists Leopoldina, Member of The Berlin-Brandenburg Academy of Sciences and
Humanities. He was awarded an Honorary Doctoral Degree by the University of Münster in
June 2007.
Please REGISTER:
Mail: gutmann-center@wu.ac.at<mailto:gutmann-center@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
Heiligenstädter Str. 46-48, 1190 Wien
www.gutmann-center.at<http://www.gutmann-center.at>