2011 Investment Company Institute/AIM Investment Center Academic & Practitioner Conference

Registration

Deadline: October 21, 2011

November 10-11, 2011
AT&T Center, Austin Texas
1900 University Avenue
Austin, TX 78705

Sponsored by:

This two-day conference is designed to bring together academics, who conduct research on mutual funds and ETFs, and practitioners who work in the fund industry to discuss relevant current issues and foster ideas for future areas of research. The first day of the conference includes in-depth panel discussions among academics and practitioners on the trend toward indexing, exchange-traded funds, money market funds, and proxy voting. On the second day, invited academics will present working papers on various topics and receive feedback from both an academic and a practitioner discussant.

Schedule

Thursday, November 10, 2011

8:00am – 8:50am 8:50am - 9:00am	REGISTRATION AND BREAKFAST Tejas Dining Room WELCOMING REMARKS
9:00am – 10:30am	SESSION 1: Economic Implications of the Trend Toward Indexing Classroom 203, 2nd Floor Paper Presentation: "On the Economic Consequences of Index-Linked Investing" by Jeffrey Wurgler Russ Wermers, Moderator Associate Professor of Finance Smith School of Business, University of Maryland Hamid Benbrahim Vice President Applied Complexity Research Fidelity Investments Joel Dickson Principal The Vanguard Group Jeffrey Wurgler Nomura Professor of Finance Stern School of Business, New York University Break
10:45am – 12:15pm	SESSION 2: Pros and Cons of Exchange-Traded Funds Classroom 203, 2nd Floor Matt Spiegel, Moderator Professor of Finance Yale School of Management, Yale University David Mann Director, iShares Capital Markets Blackrock, Inc. Ben Marshall Associate Professor College of Business at Massey University James Rowley, CFA, Head of ETF Data and Analytics, The Vanguard Group
12:30pm - 1:30pm	NETWORKING LUNCH Room 301, 3rd Floor
1:45pm – 3:15pm	SESSION 3: Money Market Funds: To Float or Not to Float Classroom 203, 2nd Floor "Report of the President's Working Group on Financial Markets" - October 2010 "The Cross Section of Money Market Fund Risks and Financial Crises" "Report of the Money Market Working Group" - March 2009 Bob Deutsch, Moderator Head of Global Liquidity J.P. Morgan Asset Management Patrick McCabe Senior Economist Federal Reserve Board of Governors Erik Sirri Professor of Finance Babson College Tony Wong Head of Global Cash Management and Investment Grade Municipal Research Invesco Ltd. Break
3:30pm - 5:00pm	SESSION 4: Proxy Voting, Securities Lending and Say-on-Pay Classroom 203, 2nd Floor Laura Starks, Moderator Charles E. & Sara M. Seay Regents Chair McCombs School of Business, The University of Texas at Austin Reena Aggarwal Robert E. McDonough Professor of Business Administration and Professor of Finance McDonough School of Business, Georgetown University Stephen Brown Director, Corporate Finance TIAA-CREF Chad Norton Vice President, Fund Business Management Group Capital Research and Management Company
6:30pm - 7:00pm 7:00pm - 9:00pm	COCKTAIL RECEPTION Pavilion, Etter-Harbin Alumni Center DINNER Legends Room, Etter-Harbin Alumni Center Keynote Speaker - Martin Flanagan, President and CEO, Invesco Ltd.

Friday, November 11, 2011

8:30am – 9:00am	BREAKFAST Room 301, 3rd Floor
9:00am – 10:00am	Paper Presentation: "Alpha and Performance Measurement: The Effect of Investor Heterogeneity" Classroom 203, 2nd Floor Authors: Wayne Ferson, Ivadelle and Theodore Johnson Chair of Banking and Finance, and Jerchern Lin, PhD Student, Marshall School of Business, University of Southern California Discussants: Jules Van Binsbergen, Assistant Professor of Finance, Kellogg School of Management, Northwestern University Ken Fuller, Vice President - Investment Risk, Legg Mason Global Asset Management Break
10:15am – 11:15am	Paper Presentation: "Winners in the Spotlight: Media Coverage of Fund Holdings as a Driver of Flows" Classroom 203, 2nd Floor Authors: David Solomon, Assistant Professor of Finance and Business Economics, Marshall School of Business, University of Southern California, Eugene Soltes, Assistant Professor of Business Administration, Harvard Business School and Denis Sosyura, Assistant Professor of Finance, Ross School of Business, University of Michigan Discussants: Marcin Kacperczyk, Assistant Professor of Finance, Stern School of Business, New York University John Rekenthaler, Vice President, Research, Morningstar Inc.
11:30pm - 12:15pm	NETWORKING LUNCH Room 301, 3rd Floor
12:30pm – 1:30pm	Paper Presentation: "Are Mutual Funds Sitting Ducks?" Classroom 203, 2nd Floor Authors: Sophie Shive, Assistant Professor of Finance and Hayong Yun, Assistant Professor of Finance, Mendoza College of Business, University of Notre Dame Discussants: Nick Bollen, Associate Professor of Finance, Vanderbilt University Salim Hart, Fidelity Investments
1:30pm - 2:30pm	Paper Presentation: "Conflicting Family Values in Mutual Fund Families" Classroom 203, 2nd Floor Authors: Utpal Bhattacharya, Associate Professor of Finance, Jung Hoon Lee, Visiting Assistant Professor of Finance and Veronika Krepely Pool, Assistant Professor of Finance, Kelley School of Business, Indiana University Discussants: Pedro Matos, Associate Professor of Finance, Darden School of Business, University of Virginia Dexter Williams, Senior Vice President-Fixed Income Group, American Funds, Capital Research and Management Company
2:30pm	CLOSING REMARKS Classroom 203, 2nd Floor

Keynote Speaker

Flanagan

Martin L. Flanagan, CFA, CPA
President and Chief Executive Officer
Invesco Ltd.

Martin L. Flanagan is president and chief executive officer of Invesco, a position he has held since August 2005. He is also a member of the Board of Directors of Invesco and serves as a trustee and vice chairman of the Invesco Funds. Mr. Flanagan joined Invesco from Franklin Resources, Inc., where he was president and co-chief executive officer from January 2004 to July 2005. Previously he had been Franklin’s co-president from May 2003 to January 2004, chief operating officer and chief financial officer from November 1999 to May 2003, and senior vice president and chief financial officer from1993 until November 1999.Mr. Flanagan served as director, executive vice president and chief operating officer of Templeton, Galbraith & Hansberger, Ltd. before its acquisition by Franklin in 1992. Before joiningTempleton in 1983, he worked with Arthur Andersen & Co.Mr. Flanagan received a B.A. and a BBA from Southern Methodist University (SMU). He is a CFA charter holder and a certified public accountant. He is vice chairman of the Investment Company Institute. He also serves as a member of the executive board at the SMU Cox School of Business and is involved with a number of civic activities in Atlanta.

Accommodations

Conference accommodations will be at:

AT&T Executive Education and Conference Center
1900 University Avenue, Austin, TX 78705
Website: www.meetattexas.com

Please call 512-404-3600 or for toll free 1-877-744-8822 to make a room reservation no later than Friday, October 21, 2011. This date is firm and there will be no exceptions to the cut-off date to ensure the special negotiated rate of $159/night plus all applicable fees. Please mention that you are with the AIM Mutual Funds Conference in order to access the room block.

For your convenience, below are other hotels in Austin you might be interested in. Please note that we do not have room blocks at any of these hotels.

Four Seasons Hotel
98 San Jacinto Blvd., Austin, Texas 78701
Website: www.fourseasons.com/austin
Phone: (512) 478-4500

Hilton Austin
500 East 4th Street, Austin, Texas 78701
Website: Click here
Phone: (512) 482-8000

Hyatt Regency Austin
208 Barton Springs Road, Austin, Texas 78704
Website: www.austin.hyatt.com
Phone: (512) 477-1234

Omni Hotel Austin
700 San Jacinto Blvd., Austin, Texas 78701
Website: www.omnihotels.com/austin
Phone: (512) 476-3700