Financial Market Symposium

The University at Albany’s 6th Financial Market Symposium:

International Investing

Friday, September 27, 2019 at the Massry Center for Business, University at Albany

“International Characteristic-Based Asset Pricing” by Murali Jagannathan (Binghamton University), Wei Jiao (University of Wisconsin-Green Bay), and Russ Wermers (University of Maryland)
Presenter: Murali Jagannathan, Binghamton University
Discussant: Xiao Li, University at Albany

“How Global is Your Mutual Fund? International Diversification from Multinationals” by Irem Demirci (Nova School of Business and Economics), Miguel A. Ferreira (Nova School of Business and Economics), Pedro Matos (University of Virginia), and Clemens Sialm (University of Texas at Austin)
Presenter: Pedro Matos, University of Virginia
Discussant: Hao Jiang, Michigan State University

“Regulatory Integration of International Capital Markets” by Jean-Marie A. Meier (University of Texas at Dallas)
Presenter: Jean-Marie A. Meier, University of Texas at Dallas
Discussant: Aaron Brauner, University at Albany

“Does Individualism Matter for Hedge Funds? A Cross-Country Analysis” by Aaron Brauner (University at Albany), Na Dai (University at Albany), and Raj Nahata (Baruch College, CUNY)
Presenter: Na Dai, University at Albany
Discussant: Markus S. Broman, Syracuse University

The University at Albany’s 5th Financial Market Symposium:
FinTech and Blockchain

Friday, October 5, 2018 at the SUNY Global Center, New York City

Keynote Address: “Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales,” David Yermack, Albert Fingerhut Professor of Finance and Business Transformation, New York University Stern School of Business

“Blockchain Without Waste: Proof-of-Stake” by Fahad Saleh (McGill University)
Presenter: Fahad Saleh, McGill University
Discussant: Louis Piccotti, Oklahoma State University

“Initial Coin Offering and Platform Building” by Jiasun Li (George Mason University) and William Mann (UCLA Anderson School of Management)
Presenter: Jiasun Li, George Mason University
Discussant: Ying Wang, University at Albany

“FinTechs and the Market for Financial Analysis” by Jillian Grennan (Duke University) and Roni Michaely (Cornell University)
Presenter: Jillian Grennan, Duke University
Discussant: Aaron Brauner, University at Albany

“Financial Innovation and Borrowers: Evidence from Peer-to-Peer Lending” by Tetyana Balyuk (Emory University)
Presenter: Tetyana Balyuk, Emory University
Discussant: Kristian Blickle, Federal Reserve Bank of New Yor

The University at Albany’s 4th Financial Market Symposium:
Alternative Investments and Corporate Governance

Friday, October 20, 2017 at the Massry Center for Business, University at Albany

“Hostile Resistance to Hedge Fund Activism” by Nicole Boyson and Pegaret Pichler, Northeastern University
Presenter: Pegaret Pichler, Assistant Professor of Finance, Northeastern University
Discussant: Aaron Brauner, Assistant Professor of Finance, University at Albany

“Caught in the Crossfire: How the Threat of Hedge Fund Activism Affects Creditors” by Felix Feng (University of Notre Dame), Qiping Xu (University of Notre Dame), and Heqing Zhu (University of Oklahoma)
Presenter: Felix Feng, Assistant Professor of Economics, University of Notre Dame
Discussant: Ying Wang, Associate Professor of Finance, University at Albany

“Investor Protection and the Long Run Performance of Hedge Fund Activism” by Pouyan Foroughi (Boston College), Namho Kang (University of Connecticut), Gideon Ozik (EDHEC), and Ronnie Sadka (Boston College)
Presenter: Namho Kang, Assistant Professor of Finance, University of Connecticut
Discussant: Louis Piccotti, Assistant Professor of Finance, University at Albany

“Third-Party Reaction to Hedge Fund Activism: Auditor’s Perspective” by Huimin Chen, Bill Francis, Yinjie Shen, and Qiang Wu, RPI
Presenter: Qiang Wu, Associate Professor of Accounting and Finance, RP
Discussant: Na Dai, Associate Professor of Finance, University at Albany

The University at Albany’s 3rd Financial Market Symposium:
Hedge Funds

Friday, October 7, 2016 at the SUNY Global Center, New York City

Keynote Address: “Managerial Talent and Hedge Fund Performance,” Turan G. Bali, Robert Parker Chair Professor of Finance, Georgetown University

“Finding Fortune: How Do Institutional Investors Pick Asset Managers?” by Gregory W. Brown, University of North Carolina (UNC) at Chapel Hill, Oleg Gredil, Tulane University and Preetesh Kantak, University of North Carolina (UNC) at Chapel Hill
Presenter: Oleg Gredil, Assistant Professor, Tulane University
Discussant: David Smith, Associate Professor, University at Albany

“Style and Skill: Hedge Funds, Mutual Funds, and Momentum” by Mark Grinblatt, UCLA Anderson School of Management, Gergana Jostova, George Washington University, Lubomir Petrasek, Board of Governors of the Federal Reserve, and Alexander Philipov, George Mason University
Presenter: Alexander Philipov, Associate Professor, George Mason University
Discussant: Louis Piccotti, Assistant Professor, University at Albany

“Local Religious Beliefs and Hedge Fund Risk-Taking Behaviors” by Lei Gao, Iowa State University, Ying Wang, University at Albany, and Jing Zhao, Portland State University
Presenter: Ying Wang, Associate Professor, University at Albany
Discussant: Yinjie Shen, Visiting Professor, Fordham University

Practitioner Panel: “Hedge Funds: Current Performance and Future Outlook”
Panelists: Robert Matza ’77, Partner/President, GoldenTree Asset Management, LP, Jonathan Isler ’94, Partner/CFO, Deerfield Management,  Paul Zummo ’90, CEO/CIO, JP Morgan Alternative Asset Management, Kevin Heller ’90, Senior V.P. of Marketing, James Alpha Management

Second Annual Financial Market Symposium:
Private Equity

Friday, September 25, 2015 at the SUNY Global Center, New York City

Keynote Address: “Estimating Private Equity Returns from the Limited Partner Cash Flows,” William N. Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies, Yale University

“Private Equity and the Innovation Strategies of Entrepreneurial Firms: Empirical Evidence from the Small Business Innovation Research Program,” by Al Link, University of North Carolina, Christopher J. Ruhm, University of Virginia, and Donald S. Siegel, University at Albany (NBER Working Paper #18297)

“Buyout Activity: The Impact of Aggregate Discount Rates,” by Valentin Haddad, Princeton University, Erik Loualiche, MIT Sloan, and Matthew Plosser, Federal Reserve Bank of New York
Presenter: Matthew Plosser, Economist, Federal Reserve Bank of New York
Discussant: Louis Piccotti, Assistant Professor, University at Albany

Practitioner Panel
Panelists: Salvatore Gentile ’85, Managing Director, Intermediate Capital Group, Inc., Alan Mantel ’85, Partner, Snow Phipps Group, LLC, Michael Nash ’83, Senior Managing Partner, Blackstone Group L.P.
Moderator: Na Dai, Associate Professor, University at Albany

“Expertise or Proximity in International Private Equity? Evidence from a Natural Experiment,” by Thomas J. Chemmanur, Boston College, Tyler Hull, Norwegian School of Economics, and Karthik Krishnan, Northeastern University
Presenter: Karthik Krishnan, Associate Professor and Thomas Moore Faculty Fellow, Northeastern University
Discussant: Na Dai, Associate Professor, University at Albany

The University at Albany’s Inaugural Financial Market Symposium:
Hedge Funds and Regulation

Friday, September 19, 2014 at the Massry Center for Business, University at Albany

Keynote Speech: “Liquidity Spillovers in Hedge Funds,” Vikas Agarwal, Professor of Finance, Georgia State University

“Hedge Fund Boards” by C. P. Clifford, J. A. Ellis and W. C. Gerken
Presenter: Jesse Ellis, Assistant Professor of Finance, North Carolina State University
Discussant: Louis Piccotti, Assistant Professor of Finance, University at Albany

“Hedge Fund Activism: Learning From Experience” by N. Boyson, L. Ma, and R. Mooradian
Presenter: Linlin Ma, Assistant Professor of Finance, Northeastern University
Discussant: Pengfei Ye, Assistant Professor of Finance, RPI

“Hedge Funds and Discretionary Liquidity Restrictions” by A. Aiken, C. P. Clifford and J. Ellis
Presenter: Chris Clifford, Assistant Professor of Finance, University of Kentucky
Discussant: Yvonne Wang, Assistant Professor of Finance, University at Albany

“Are Hedge Funds Registered in Delaware Different?” by D. Cumming, N. Dai and S. Johan
Presenter: Na Dai, Associate Professor of Finance, University at Albany
Discussant: David McCaffrey, Distinguished Teaching Professor, University at Albany