University of Texas at Austin
UT Tower at sunset

2019 AIM Investment Conference

McCombs School of Business McCombs School of Business

2019 AIM Investment Conference

September 19th and 20th, 2019

The 2019 AIM Investment Conference is jointly sponsored by the AIM Investment Center at the University of Texas at Austin and by Dimensional Fund Advisors.

The goal of the conference is to promote research on investment management and to provide a forum for researchers to discuss and exchange ideas. As in previous years, the conference will feature a selection of the best working papers on investment management discussed by leading academics in the profession. Conference participants will select the AIM Investment Center Best Paper Award.

Program

Program

Thursday, September 19th

12:30 p.m. – 1:30 p.m.
Registration and lunch in AT&T Center, Room 301


1:30 p.m. – 2:15 p.m.
"Fund Tradeoffs"
Authors: Lubos Pastor (University of Chicago), Robert Stambaugh (University of Pennsylvania), and Lucian Taylor (University of Pennsylvania)
Discussant: Paul Irvine (Texas Christian University)


2:15 p.m. – 3:00 p.m.
"The Allocation of Talent across Mutual Fund Strategies" 
Authors: Andrea Buffa (Boston University) and Apoorva Javadekar (Indian School of Business)
Discussant: Itay Goldstein (University of Pennsylvania)


3:30 p.m. – 4:15 p.m.
"Private Company Valuations by Mutual Funds" 
Authors: Vikas Agarwal (Georgia State University), Brad Barber (University of California, Davis), Si Cheng (Chinese University of Hong Kong, Allaudeen Hameed (National University of Singapore), and Ayako Yasuda (University of California, Davis)
Discussant: Pedro Matos (University of Virginia)


4:15 p.m. – 5:00 p.m.

"Institutional Brokerage Networks: Facilitating Liquidity Provision"

Authors: Munhee Han (University of Texas at Dallas), Sanghyun (Hugh) Kim (University of Texas at Dallas), and Vikram K. Nanda (University of Texas at Dallas)
Discussant: Kenneth Ahern (University of Southern California)


6:30 p.m.
Reception and Dinner at Abel's on the Lake (3825 Lake Austin Blvd)

Friday, September 20th

8:00 a.m. – 9:00 a.m.
Breakfast in the AT&T Center, Tejas Dining Room


9:00 a.m. – 9:45 a.m.
"The Worst of Both Worlds? Dual-Registered Investment Advisers"
Author: Nicole Boyson (Northeastern University)
Discussant: Susan Christoffersen (University of Toronto)


9:45 a.m. – 10:30 a.m.
"Hedge Funds and Public Information Acquisition" 
Authors: Alan Crane (Rice University), Kevin Crotty (Rice University), and Tarik Umar (Rice University)
Discussant: Alberto Rossi (Georgetown University)


11:00 a.m. – 11:45 a.m.
"Sitting Bucks: Zero Returns in Fixed Income Funds" 
Authors: Jaewon Choi (University of Illinois at Urbana-Champaign), Mathias Kronlund (University of Illinois at Urbana-Champaign), and Ji Yeol Jimmy Oh (Hanyang University)
Discussant: Jennifer Huang (Cheung Kong Graduate School of Business)


11:45 a.m. – 12:30 p.m.
"Private Equity Returns, Cash Flow Timing, and Economic Consequences for Investors"
Authors: Stephannie Larocque (University of Notre Dame), Sophie Shive (University of Notre Dame), and Jennifer Sustersic (Ohio University)
Discussant: Qifei Zhu (Nanyang Technological University)

12:30 p.m. - 2:00 p.m.

Lunch in AT&T Center, Room 301

 

 

We are grateful for the financial support of Dimensional Fund Advisors. Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, Dimensional helps investors pursue higher expected returns through advanced portfolio design and careful implementation. With clients around the world, Dimensional has 14 offices in nine countries and global assets under management of $586 billion as of June 30, 2019.

Program Committee

Program Committee

  • Vikas Agarwal
  • Jules van Binsbergen
  • Nick Bollen
  • Greg Brown
  • Keith Brown
  • Susan Christoffersen
  • Lauren Cohen
  • Alan Crane
  • Zhi Da
  • Kent Daniel
  • Diane Del Guercio
  • Roger Edelen
  • Richard Evans
  • Miguel Ferreira
  • Wayne Ferson
  • Itay Goldstein
  • Jennifer Huang
  • Paul Irvine
  • Zoran Ivkovich
  • Ravi Jagannathan
  • Hao Jiang
  • Wei Jiang
  • Marcin Kacperczyk
  • Ron Kaniel
  • Ralph Koijen
  • Jonathan Lewellen
  • Massimo Massa
  • Pedro Matos
  • Vikram Nanda
  • Lubos Pastor
  • Veronika Pool
  • Adam Reed
  • Jonathan Reuter
  • Sergei Sarkissian
  • Clemens Sialm
  • Rick Sias
  • Oliver Spalt
  • Laura Starks
  • Zheng Sun
  • Luke Taylor
  • Sheridan Titman
  • Kumar Venkataraman
  • Sunil Wahal
  • Neng Wang
  • Scott Weisbenner
  • Russ Wermers
  • Ayako Yasuda
  • Hanjiang Zhang
  • Lu Zheng
  • Qifei Zhu

Registration

Registration

Please register for the conference here

Accommodations

Accommodations

Conference accommodations will be at:

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

We have negotiated a room block with a special rate of $189 per night at the AT&T Center. Cut-off Date: Monday, August 26, 2019. This date is firm and there will be no exceptions. Go to the following link to make a reservation:

https://book.passkey.com/e/49882209

Or by phone (512) 404-3600; please reference the group name, the AIM Investment Conference,  in order to receive the group rate over the contracted dates. 

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 

Hampton Inn and Suites 
1701 Lavaca Street, Austin, Texas 78701
Website: Click here
Phone: 512-499-8881

Hotel Ella 
1900 Rio Grande, Austin, Texas 78705
Website: Click here
Phone: 800-311-1619 

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

Call for Papers

2019 AIM Investment Conference

September 19th-20th, 2019 in Austin, TX

 

The 2019 AIM Investment Conference will take place on September 19th-20th in Austin, TX.

The goal of the conference is to promote research on investment management and to provide a forum for interested researchers to discuss and exchange ideas. As in previous years, the conference will feature a selection of the best working papers on investment management discussed by leading academics in the profession. Conference participants will select the AIM Investment Center Best Paper Award.

You are invited to submit recent working papers on mutual funds, hedge funds, pension funds, and other forms of delegated portfolio management. The submission deadline is on May 15th, 2019. The program will be announced in late June. You can submit your paper to WEBSITE.

You can find additional information about the AIM Investment Center and about the AIM Investment Conference at https://www.mccombs.utexas.edu/Centers/AIM.

Please contact Clemens Sialm (clemens.sialm@mccombs.utexas.edu) if you have any questions about the conference.