2018 Investment Management Research Conference Now in its 12th year, the annual IMR Conference presents investment management research. It has a focus on issues related to the flow of investment funds along the continuum from savers to the ultimate investment outcomes, and particularly regarding funds management (across all asset classes); wealth management (particularly investment and superannuation); and banking (particularly financial intermediation and regulation). Previously the UTS Paul Woolley Centre annual conference, the IMR Conference is now a Portfolio Construction Forum initiative that brings together the full spectrum of investment management analysts - academic faculty from leading university business schools, public sector members, central bankers, professional investors, consultants and experienced practitioners and advocates. The IMR Conference advances investment management research, and enables practitioners to better identify quality investment management solutions and their place in portfolios. We'd welcome you joining us!
Graham Rich
Ron Bird |
QUICKLINKS |
Overview When, where, who it's suited to, CE hours About Introduction, 2018 Theme, Program & Faculty Register Registration options, terms and conditions
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WHEN
Thursday
20 September 2018
Friday 21
September 2018 WHERE
Aerial UTS
Function Centre MOST SUITED TO
The IMR Conference is most relevant to: CE ACCREDITATION: 13 CE HOURS The 2018 IMR Conference is assessed and accredited by the Forum for 13 CE hours that can be used to help meet the CE/CPD requirements of 15 regulators, associations, institutes and designations - including ASIC RG104/105/146 CE requirements and CIMA® certificants’ CE commitment.
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INTRODUCTION Now in its 12th year, the annual IMR Conference presents investment management research to an academic, public sector, central bank, regulator and financial services audience.
It has a
focus on issues related to the flow of investment funds along
the continuum from savers to the ultimate investment outcomes,
and particularly regarding: Previously the UTS Paul Woolley Centre annual conference, the IMR Conference is now a Portfolio Construction Forum initiative that brings together the full spectrum of investment management analysts - academic faculty from leading university business schools, public sector members, central bankers, professional investors, consultants and experienced practitioners and advocates. The aim is to advance investment management research, and enable practitioners to better identify quality investment management solutions and their place in portfolios. The IMR Conference is a companion program to the half-day IMR Workshop each March. THIS YEAR'S THEME Is a better functioning financial services industry around the corner? The antecedent to the IMR Program, the Paul Woolley Centre, was established with the hope of bringing attention to the failure of the financial services industry worldwide to live up to its obligations of servicing us in an effective and respectful way. We do not want to claim any credit for the recent establishment of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry - but we welcome it in the hope that it will result in better functioning capital markets from which we all will benefit. The focus of IMR Conference 2018 is on the obligations and behaviour of financial intermediaries and what needs to be done to obtain improved outcomes in this area. This year's keynote speaker, Professor Anat Admati, PhD, Stanford University, is a long-term activist in the policy debate on financial regulation. She is co-author of the book, The Banker’s New Clothes: What’s Wrong with Banking and What to Do About It. She has been named by Time Magazine as one of the 100 most influential people in the world and by Foreign Policy Magazine as one of the world’s 100 greatest thinkers.
Professor
Admati is supported by leading local thought leaders in the
areas of: In addition, 2018 will see the return of our popular debate. This year, it will address the (somewhat pessimistic) topic - Honesty, fairness and justice are incompatible with financial services. The rest of the IMR Conference will follow the popular format of bringing together leading speakers from both academia and the private sector. We are happy to have speakers from four of the leading central banks - the IMF, the Federal Reserve, the RBA and the RBNZ. From the responses of a worldwide call for papers, we have been able to put together a session consisting of six excellent academic speakers chosen because of the relevance of their work to the financial services industry. Finally, 2018 will see the continuance of the very popular session introduced in 2017, where financial services professionals put forward important investment propositions for debate by a panel of academics and investment consultants - and the delegate audience.
8.30am-8.40am
Opening remarks
Welcome 8.40am-10.15am
Banking, Governance and Politics
The Financial Services Royal Commission
and the Limits of Corporate Social Responsibility
10.15am-10.35am 10.35am-12.40pm
Some Myths about Earnings
Carbon bubbles and stranded assets in
financial markets
Motivated savings: The impact of
projections on retirement saving intentions 12.40pm
Debate: Honesty, fairness
and justice are incompatible with financial services -
Part 1
1.05pm-1.40pm 1.40pm-3.25pm
Debate: Honesty,
fairness and justice are incompatible with financial services -
Part 2
Trade-offs in Bank Resolution
Explaining Monetary Spillovers: The
Matrix Reloaded
3.25pm-3.45pm 3.45pm-5.00pm
Is the market always right? Improving
federal funds rate forecasts by adjusting for the term premium Final session to be advised
8.45am-8.55am
Opening remarks
Introduction 8.55am-10.45am
Research Review 1: Are markets
efficient? Insights from toy models for the trend and
value anomalies
Research Review 2: Less is More
– Overdiversification in a problem in multi-manager
portfolios
Research Roundtable 3: What risks are
we really managing?
Each Research Review includes a discussant panel:
12.00pm-12.40pm 12.40pm-2.45pm
Choosing and using utility functions in
forming portfolios
Global market inefficiencies
Investment, the corporate tax rate, and
the pricing of franking credits
2.45pm-3.05pm 3.05pm-4.45pm
Global equity fund performance evaluation with equity and
currency style factors
Exchange-traded funds and retail
investors: Hedging or gambling?
Key takeouts & close
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By registering for the 2018 IMR Conference, you agree you have read, understood and agree to be bound by the Registration Terms and Conditions below. REGISTRATION OPTIONS Registration is strictly limited to a maximum of 150 delegates, one third being academics, public secotr members, bankers and regulators, and two-thirds being financial services professionals.
Academics, public sector members, bankers and regulators: Complimentary by invitation
Register now REGISTRATION TERMS & CONDITIONS Registration for the Program is subject to the standard Portfolio Construction Forum Program Terms and Conditions. By registering, you agree you have read, understood and agree to be bound by these, including but not limited to the CE policy and Cancellations policy. Registration inclusions Registration includes one individual attending the Program on Thursday 20 September 2018 and Friday 21 September 2018 including morning tea, lunch, and afternoon tea on both days as well as membership of portfolioconstructionforum.edu.au and access to the online webcast published after the program. Travel, accommodation and parking are not included.
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