Center for Asset Management
2008 Finance Conference
AGENDA
Thursday, June 5, 2008
Conference Dinner
Location: Murray Room, Yawkey Center, Boston College Campus
5:00 pm: Cocktail Party
6:00 pm: Dinner
Keynote:
“Five Myths of Active Portfolio Management”
Jonathan Berk, Professor of Finance, Berkeley Haas School of Business
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Friday, June 6, 2008
Location: Boston College Law School, East Wing 115A
8:00 am - Continental Breakfast
8:30 am: Welcoming Remarks, Dean Andy Boynton, Carroll School of Management
8:45 am - Opening Address
“Financial Market Developments and Credit Conditions”
Randall S. Kroszner, Governor, Federal Reserve System
9:30 am
Session 1: Investor Sentiment and Asset Returns
“Introducing the CAM Index of Sentiment”
Alan Marcus, Finance Professor, Carroll School of Management
"Sentiment and Flights to Quality"
Malcolm Baker, Harvard Business School
10:45 am - Break
11:00 am
Session 2: The Subprime Mortgage Crisis: Causes, Consequences, and Implications for the Future
Moderator: Chuck Clough, Chief Investment Officer, Clough Capital Partners
Panelists:
Richard Cantor, Managing Director, Moody’s Investors Service
Manoj Singh, Senior Vice President, Market Risk Management,
Freddie Mac
Erik Sirri, Director of Market Regulation, SEC
Alec H. Petro, Managing Partner, Bay Hill Capital Management
12:00 pm - Lunch and Keynote Address
Location: Stuart Dining Room
Keynote introduction: Professor Edward Kane, James F. Cleary Chair in Finance, Carroll School of Management
“Observations on Credit Contagion: Applying a Derivatives Perspective to Better Understand How Risk Propagates in a Financial System”
Robert Merton, John and Natty McArthur University Professor, Harvard Business School and winner of the 1997 Nobel Prize in Economics
2:00 pm
Session 3: What Caused the Subprime Debacle?
“The Consequence of Mortgage Credit Expansion”
Amir Sufi, Assistant Finance Professor, University of Chicago Graduate School of Business
“Did Securitization Lead to Lax Screening?”
Amit Seru, Assistant Finance Professor, University of Chicago Graduate School of Business
3:00 pm - Break
3:30 pm
Session 4: Investment Returns
“All the News That's Fit to Reprint: Do Investors React to Stale Information?”
Paul Tetlock, Columbia University
“Lock and Load: Do Constraints Help Investors?”
Jeffrey Pontiff, Finance Professor, Carroll School of Management
4:45 pm - Closing Remarks
Hassan Tehranian, Griffith Millennium Chair in Finance and Chairman of the Finance Department, Carroll School of Management
