On this same subject :

Author : M. Robert Normand



Delegated Asset Management: Recent Advances and Prospects

This conference will review recent advances in active and passive delegated portfolio management. The main objective of the conference is to confront decades of advances in academic and empirical finance to the state of practice of delegated portfolio management. The subject of delegated management has been around for more than 30 years and hundreds of research evidence has been published on this subject. Despite all these academic evidence about delegated portfolio management, the industry only slowly adapts its practice to these facts.



Because of the increasing complexity of financial markets, the difficulty to out-perform benchmarks and the high cost to manage money in-house, many pension funds and individual investors have opted to manage their financial assets through a delegated portfolio manager for active investing or used passive investing. Then, in most industrialized countries, a substantial part of financial wealth is not managed directly by savers, but through a financial intermediary. The mandate of this financial intermediary could be passive such as replicating a benchmark or active with an expectation of outperforming a benchmark. The mandates cover traditional asset management and alternative asset management as well.

The conference offers participants an opportunity for keeping up to date with the best practices and innovative thinking necessary for successfully using delegated portfolio management.

Delegated Asset Management: Recent Advances and Prospects

Location : CIRANO, 25th floor, 2020 University Street, Montreal

      Schedule
 2:00 - 2:45
Aymen Karoui
Professor of Finance
Finance department
UQAM
 2:45 - 3:30  
Lawrence Kryzanowski
Professor; Senior Concordia
University Research Chair in Finance
John Molson School of Business
Concordia University
  3:30 - 3:45
Question period

4:00 - 5:00
Roundtable :
Peter Lindley
President & Head of Investments
State Street Global Advisors Ltd.
(Canada)

Eric Fontaine
Investment Consultant & Director
Multi Managers Strategy
Brockhouse Cooper

Richard Guay
Professor of Finance
Finance department
UQAM
postponed to beginning of the autumn