Foundation for Advancement of Research in Financial Economics
The Sixth Conference and Fifth Ross Prize Award
MIT's Endicott House, 80 Haven Street, Dedham, MA
02026
October 20, 2017
8:00-10:00 Drinks - Gun Room
October 21, 2017
7:30 - 8:30: Breakfast
7:30: Full Breakfast Buffet in Dining Room for those staying at Endicott
8:00: Continental Breakfast in BC Lobby for other conference participants
8:30 - 10:00: SESSION 1
Chair: Hayne Leland, Berkeley, Ross Prize Lecture
Money Management in Equilibrium
Jonathan Berk, Stanford University
Portfolio Liquidity and Diversification: Theory and Evidence
Lubos Pastor, University of Chicago
Robert Stambaugh, University of Pennsylvania
Lucian Taylor, University of Pennsylvania
Discussant: Marcin Kacperczyk, Imperial College
10:00 - 10:20: Coffee Break
10:20 - 11:50: SESSION 2
Chair: Mark Grinblatt, UCLA
Asset Managers: Institutional Performance and Smart Betas
Joseph Gerakos, Dartmouth
Juhani Linnainmaa, USC AG
Adair Morse, Berkeley
Discussant: Tarun Ramadorai, Imperial College
Are Mutual Fund Managers Paid For Investment Skill?
Markus Ibert, SSE
Ron Kaniel, University of Rochester
Stijn Van Nieuwerburgh, NYU
Roine Vestman, Stockholm University
Discussant: William Goetzmann, Yale
11:50 - 1:10: Lunch Break - Living Room
1:10 - 2:30: SESSION 3:   “Young Scholars” papers (25/15 presenter/general comments)
Chair: Doug Breeden, Duke
Venture Capital and the Macroeconomy
Christian Opp, The Wharton School University of Pennsylvania
Delegated Learning in Asset Management
Michael Sockin, University of Texas
Mindy Zhang, University of Texas
2:30 - 2:50: Coffee Break
2:50 - 4:05: Panel on “The Size of the Financial Industry" (35 Panelist, 40 audience)
Moderator: Chester Spatt, Carnegie Mellon University
Panelists:
Kenneth French, Dartmouth
Thomas Philippon, NYU
Jose Scheinkman, Columbia University
Jeremy Stein, Harvard University
4:05 - 4:15 Short Break
4:15 - 5:30: “The Steve Ross Memorial Panel: Theory and Practice of Finance—status and lessons”
Moderator: Paul Pfleiderer, Stanford University
Panelists:
Andrew Ang, Blackrock
John Campbell, Harvard University
Pete Kyle, University of Maryland
Stewart Myers, MIT
5:40 - 6:45: FARFE annual members meeting
6:45 - 7:45: Reception and Appetizers7:45: Dinner