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    AIM Investment Center Conference on Institutional Investment


    Hosted by:  AIM Investment Center

AIM Investment Center Conference on Institutional Investment

November 21-22, 2013
AT&T Center, Austin Texas
1900 University Avenue
Austin, TX 78705

Schedule

Thursday, November 21, 2013


12:00 p.m. - 12:50 p.m.
LUNCH
Room 301, 3rd Floor

12:50 p.m. - 1:00 p.m.
WELCOMING REMARKS
Classroom 203, 2nd Floor

1:00 p.m. - 1:45 p.m.

"Policy Intervention in Debt Renegotiation:  Evidence from the Home Affordable Modification Program”

Authors: 
Sumit Agarwal (National University of Singapore)
Gene Amromin (Chicago Federal Reserve Bank)
Itzhak Ben-David (The Ohio State University)
Souphala Chomsisengphet (Office of the Comptroller of the Currency)
Tomasz Piskorski (Columbia University)
Amit Seru (University of Chicago)

Discussant: 
Jonathan Reuter (Boston College)

Break

 2:00 p.m. – 2:45 p.m.

“Are Credit Ratings Subjective? The Role of Credit Analysts in Determining Ratings”

Author:
Cesare Fracassi (University of Texas at Austin)

Discussant:
Johan Sulaeman (Southern Methodist University)

Break

3:00 p.m. – 3:45 p.m.

“Credit Ratings Across Asset Classes”

Authors:
Jess Cornaggia (Georgetown University)
Kim Cornaggia (American University)
John Hund (Rice University)

Discussant:
Han Xia (University of Texas at Dallas)

Break

 4:00 p.m. – 4:45 p.m.
"Replacing Ratings”

Authors:
Marcus Opp (University of California, Berkeley)
Bo Becker (Stockholm School of Economics)

Discussant:
Sreedhar Bharath (Arizona State University)

Break

5:00 p.m. - 6:00 p.m.
Travel to Dinner Location

6:00 p.m. - 9:00 p.m.
COCKTAIL RECEPTION and DINNER
Benji's Cantina
716 W. 6th Stteet, Austin, TX 78701

Friday, November 22, 2013

 8:00 a.m. – 9:00 a.m.
BREAKFAST
Tejas Dining Room, 2nd Floor

9:00 a.m. - 9:45 a.m.

“Scale and Skill in Active Management”

Authors: 
Lucian A. Taylor (University of Pennsylvania)

Lubos Pastor (University of Pennsylvania)
Robert F. Stambaugh (University of Chicago)

Discussant: 
Scott Yonkers (Indiana University)

Break

 10:00 a.m. - 10:45 a.m.

“The Real Effects of Hedge Fund Activism:  Productivity, Asset Allocation and Industry Concentration”

Authors:                                       
Alon Brav (Duke University)
Wei Jiang (Columbia University)
Hyunseob Kim (Cornell University)

Discussant:  Vikas Agarwal (Georgia State University)

Break

 11:00 a.m. - 11:45 a.m.

“Capital Gains Lock-in and Governance Choices”

Authors: 
Zoran Ivkovic (Michigan State University)
Stephen G. Dimmock (Nanyang Technological University)
William C. Gerken (University of Kentucky)
Scott J. Weisbenner (University of Illinois)

Discussant: 
Diane Del Guercio (University of Oregon)

11:45 a.m.

CLOSING REMARKS

12:00 p.m.
CLOSING LUNCH

Tejas Dining Room, 2nd Floor

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 Wednesday, November 6, 2013. This date is firm and there will be no exceptions to the cut-off date to ensure the special negotiated rate of $174/night plus all applicable fees. Please mention that you are with the AIM Investment Center 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



The Stephen F. Austin Inter-continental Hotel
701 Congress Avenue, Austin, Texas 78701
Website: www.austin.intercontinental.com
Phone: 512-457-8800

Call for Papers

The AIM Investment Center at the McCombs School of Business, University of Texas at Austin is hosting a conference on institutional investment, November 21-22. We are interested in recent papers on institutional investment, broadly defined. We are planning a special session on reputation and trust in financial markets.

 

If you wish to have your paper considered for presentation at the conference, please submit the paper at the link to the right.

 

Questions regarding the submission process should be directed to Juana.Hardwick@mccombs.utexas.edu.

 

The organizing committee is John Griffin, Jennifer Huang, Shimon Kogan, Clemens Sialm, Laura Starks and Sheridan Titman.

 

The AIM Investment Center will provide some reimbursement of travel expenses for paper presenters and discussants.