The GUTMANN CENTER FOR PORTFOLIO MANAGEMENT at the University of Vienna (www.gutmann-center.at)

and the CENTER FOR CENTRAL EUROPEAN FINANCIAL MARKETS (www.ccefm.at)

are pleased to announce the following

RESEARCH SEMINAR

Date: June 18th (Wednesday), 11.00 a.m. Location: Universität Wien, Institut für BWL (BWZ) Brünner Str. 72 1210 Wien SEMINARRAUM 1

Speaker: Robert A. Korajczyk Harry G. Guthmann Distinguished Professor of Finance Kellogg School of Management Northwestern University http://www.kellogg.nwu.edu/faculty/korajczy/htm/

Paper: "Sunspots, Iterative Two-Pass Cross-Sectional Regressions, and Asymptotic Principal Components."

It can be downloaded from the following URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=386621

Please find further information at: www.gutmann-center.at!

Contact:

Dorothea Grimm Administrative Director Gutmann Center for Portfolio Management Department of Business Studies University of Vienna Bruenner Str. 72 A-1210 Wien Austria phone: +43-1-4277-38186 fax: +43-1-4277-38074 mail: dorothea.grimm@univie.ac.at web: www.gutmann-center.at