Alternative Investments
The Lhabitant & Martellini Hedge Fund Investing Seminar, conducted by François-Serge Lhabitant, PhD, Associate Professor of Finance at EDHEC Business School, and Lionel Martellini, PhD, Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre, will be held at The Grand Hyatt in New York on 8-9 July, 2008. More...
23/04/08
Commodities
Hilary Till, research associate at the EDHEC Risk and Asset Management Research Centre, and co-founder and principal of Premia Capital Management, will be making a one-hour presentation on the topic of "Intelligent Commodity Investing", followed by a question and answer session, to CAIA Canada members at the Fairmont Royal York Hotel in Toronto on 12 May, 2008 at 5.00pm. More...
17/04/08
Appointments
Dr. Arjuna Sittampalam has joined the EDHEC Risk and Asset Management Research Centre as Research Associate. Dr. Sittampalam's experience encompasses the banking, insurance and specialist fund management fields, with a particular interest in derivatives and other innovative portfolio management techniques. Dr. Sittampalam is the Managing Director of investment company Sage & Hermes Ltd., which he founded in 1994 to advise leading financial institutions in the USA and Europe on investment management business strategy and operations. More...
28/03/08
Asset Management
The EDHEC Risk and Asset Management Research Centre is pleased to announce that it has entered into a partnership with Investment Management Review whereby three free electronic copies of the publication will be offered to readers of the EDHEC-Risk newsletter. More...
20/03/08
Awards
Daniel Mantilla, EDHEC MSc in Risk & Asset Management graduate, and research assistant with the EDHEC Risk and Asset Management Research Centre, has won the AFGAP/PRMIA prize, awarded by the French Association of Asset-Liability Managers and the Professional Risk Managers' International Association, in the 2008 edition of a national competition for the best thesis in economics and finance. More...
17/03/08
Performance
EDHEC and EuroPerformance have published their third annual rankings of French asset management management firms based on an accurate measure of risk-adjusted performance: the Alpha League Table. The Alpha League Table ranks asset management firms on their equity management and on their ability to deliver alpha.
As with the earlier series, this new table will be distributed widely to asset
management professionals throughout Europe.
This year's results have revealed that both the frequency of alpha and the average alpha generated by French asset managers have fallen in comparison with 2007.
The winner of the 2008 edition is HSBC Private Bank France with a score of 1.52%. MMA Finance, with a score of 1.43%, takes second place after improving from eighth position last year. The biggest jump in this year’s edition was from State Street Global Advisors France. The firm moved up sixteen places in the rankings to third. More...
17/03/08
Asset Management
Dr. Felix Goltz, Senior Research Engineer at the EDHEC Risk and Asset Management Research Centre and lead author of the recent EDHEC European Investment Practices Survey, has been invited to present the findings of the survey to the members of the UK CFA society at its annual conference on 18 June. More...
17/03/08
Performance
Investment & Pensions Europe (IPE) and EDHEC, France’s premier business school, are setting up the IPE-EDHEC Institutional Asset Management Awards (IAMAs) in 2008. The awards will be presented to winning asset managers at a gala reception on June 12 in Paris during the EDHEC Institutional Days. If your asset management firm operates in a minimum of three European countries and you have not received an official request for information, please contact EuroPerformance. More...
12/03/08
Institutional Investment
The EDHEC Risk and Asset Management Research Centre will be staging the second edition of the EDHEC Institutional Days in Paris on June 12 and 13, 2008. Over 1,200 delegates are expected to attend this latest event, which will feature more than 50 top speakers and panellists, including leading European institutional figures. The EDHEC Institutional Days are the most important initiative for delivering research results to finance professionals. More...
05/03/08
Institutional Investment
The EDHEC Risk and Asset Management Research Centre and Morgan Stanley Investment Management (MSIM) have announced the creation of a new research chair titled Financial Engineering and Global Alternative Portfolios for Institutional Investors. The research chair is a three-year research programme piloted by a joint MSIM/EDHEC committee. The EDHEC Risk and Asset Management Research Centre’s team, led by the centre’s scientific director, Lionel Martellini, will research new forms of welfare-improving financial innovation through the engineering of alternative solutions for institutional portfolios. The findings of this research will be presented at both MSIM’s Second Annual Alternatives Investment Conference (2ème Conférence Gestion Alternative) in Paris on 23 October and the EDHEC Alternative Investment Days at the ExCeL Conference Centre in London on 9 and 10 December 2008.
More...
20/02/08
Private Banking
An EDHEC Risk and Asset Management Research Centre study entitled "Asset-Liability Management Decisions in Private Banking" argues that asset-liability management is the natural approach in high quality financial management for private banking clients. We are seeking to obtain the reactions to EDHEC's conclusions from a wide range of investors and asset managers. More...
15/02/08
Commodities
Hilary Till, Research Associate at the EDHEC Risk and Asset Management Research Centre and Principal, Premia Capital Management, LLC, made a presentation to the CAIA London Chapter on 23 January 2008 entitled, "Intelligent Commodity Investing: Opportunities and Challenges", in which she discussed the the demand for energy investments, portfolio construction and inadvertent concentration risk, macro portfolio protection, risky asset deleveraging and the Amaranth case. More...
23/01/08
Alternative Investments
The next edition of the Lhabitant Hedge Fund Seminar will be taking place on April 7, 2008, at The Dorchester in London. Conducted by François-Serge Lhabitant, Associate Professor of Finance at EDHEC Business School, Professor of Finance at the University of Lausanne and Chief Investment Officer at Kedge Capital, the Lhabitant Hedge Fund Seminar equips participants with a workable knowledge of the techniques essential for anyone investing in hedge funds or advising private and institutional clients on the inclusion of hedge funds in their portfolios. More...
22/01/08
Alternative Investments
The paper entitled, "EDHEC Comments on the Amaranth Case: Early Lessons from the Debacle", by Hilary Till, Research Associate with the EDHEC Risk and Asset Management Research Centre and Principal, Premia Capital Management, was cited in the Bank of Japan Paper Series of Risk Management in Financial Institutions, "Hedge Fund Investments: Risk Management Perspectives", dated December 2007, the English translation of the Japanese original released in July 2007. More...
08/01/08
Careers
Within the framework of its strategy of international excellence, EDHEC has developed a very active research policy in recent years which has led to the creation of research centres that are based on its faculty’s expertise. More...
20/12/07
Asset Allocation
CFA Institute and the EDHEC Risk and Asset Management Research Centre are introducing a new annual event that will present the latest research advances in asset allocation and clarify the distinction between true innovation and mere marketing claims in emerging industry trends. The Advances in Asset Allocation Seminar series will offer senior investment professionals a unique opportunity to gain an in-depth appreciation of the concepts and techniques that will shape the future of investment management. In addition, it will also provide practical tools and novel investment approaches to improve asset allocation processes and design new products. The seminar will take place 17-19 March in London and brings together EDHEC, the premier European centre for applied research into asset allocation, with the leading association of investment professionals, CFA Institute. More...
22/11/07
Performance
Leading European investment publication Investment & Pensions Europe has joined with EDHEC, France's premier business school, to introduce the IPE EDHEC Institutional Asset Management Awards in 2008. This is the first time that Europe's institutional asset management industry will have an Awards programme based on objective and transparent criteria. Up to 15 Awards will be presented to winning asset managers in June 2008 at the time of the EDHEC Institutional Days, before an invited audience of investors, asset managers, investment banks and other industry advisers and suppliers, at a gala dinner in Paris. More...
20/11/07
Performance Measurement
Noël Amenc, Professor of Finance at EDHEC Business School and Director of the EDHEC Risk and Asset Management Research Centre, and Véronique Le Sourd, Senior Research Engineer at the EDHEC Risk and Asset Management Research Centre, received one of four Honorable Mention Awards from The Journal of Performance Measurement as part of this year's Dietz Award for Excellence in Performance Measurement Literature, for their paper entitled, "A Critical Analysis of Fund Rating Systems, published in Volume 11 Nº. 4 of the journal. More...
12/11/07
Best Execution and Operational Performance
A working paper published by the International Montetary Fund (IMF) in October 2007 and entitled "The Markets in Financial Instruments Directive: Banking on Market and Supervisory Efficiency" by François Haas, refers to EDHEC's recent position paper on MiFID by Jean-René Giraud and Catherine D'Hondt: "MiFID: the (in)famous European Directive?".
More...
06/11/07
Alternative Investments
The results of the third edition of the EDHEC French Funds of Hedge Funds rankings were published in the financial daily, La Tribune, on 6 November. More...
06/11/07
Institutional Investment
In 2008, EDHEC will be merging two of its most important conferences into a
single event. The EDHEC Asset Management Days, which had been taking place
in Geneva up until now, have been integrated into a new edition of the EDHEC
Institutional Days, which will now be held every year in Paris in June. This new joint event will capitalise on the previous success of both events, with
the most recent editions having attracted in total more than 1,500 institutional
investors, asset managers and private bankers. By merging the two events, EDHEC’s intention is to establish in Paris the most important European conference for institutional investment management. More...
17/10/07
Alternative Investments
Lionel Martellini, Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre, has been invited to conduct a Financial Engineering Practitioners Seminar at Columbia University on the topic of Hedge Fund Replication, on 15 October. More...
15/10/07
Appointments
Dr. Michel Verlaine has been appointed Business Analysis Director at the EDHEC Risk and Asset Management Research Centre. Prior to joining EDHEC, Dr. Verlaine worked for several financial and public institutions, including Ernst & Young’s Risk Advisory Services, the Ministry of Economics in Luxembourg and the Caisse des Dépôts et Consignations. More...
11/10/07
Appointments
Dr. Dominic O’Kane has been appointed Affiliated Professor at EDHEC Business School. He was previously Managing Director and Head of Fixed Income Quantitative Research (Europe) at Lehman Brothers International, where he focused on the pricing and risk models used across credit, interest rates, FX and commodity derivatives. His future research activities will focus on the modelling of European and US sub-prime mortgages. More...
28/09/07
Legal Origins & Financial Markets
Florencio Lopez de Silanes, Professor of Finance at EDHEC Business School, was invited to conduct seminars at Harvard Law School and Harvard Economics Department on 24 & 25 September to present his latest work on legal origins, which focuses on the impact of law on financial and other markets across 100 countries. In the paper entitled, "The Economic Consequences of Legal Origins", Dr. Lopez de Silanes and co-authors Rafael La Porta and Andrei Shleifer, find that in common law countries, as opposed to civil law countries, investors are much better protected, and larger and more liquid financial markets have developed as a result. More...
24/09/07
Institutional Investment
The EDHEC Risk and Asset Management Research Centre has created a research chair, "Regulation and Institutional Investment", in partnership with AXA Investment Managers (AXA IM). The aim, for both partners, is to carry out a joint operation on a European scale to highlight the challenges for institutional investment management of regulatory developments. More...
21/09/07
EDHEC-Risk
The international advisory board of the EDHEC Risk and Asset Management Research Centre held its third annual meeting in Beaulieu sur Mer (France) on 21st September. The meeting, chaired by Jean-François Lepetit, Associate Professor at EDHEC Business School and former Chairman of the French Securities and Exchange Commission, enabled the board's members to validate the results of the work undertaken by the EDHEC Risk and Asset Management Research Centre during the previous year, and to endorse its research projects for the coming year. More...
21/09/07
Alternative Investments
Against the backdrop of record institutional investments into private equity, hedge funds, real estate, commodities, and derivatives, the number of candidates for the Chartered Alternative Investment Analyst® designation jumped 73% to 4,274 in 2007. Sponsored by the not-for-profit CAIA Association®, the charter attests to an individual’s mastery of the concepts, tools and practices essential for managing alternative vehicles. More...
18/09/07
Asset Management Education
EDHEC Asset Management Education (EAME) has been admitted as an Approved Provider under the CFA Institute Professional Development (PD) Programme. The decision by the leading association of investment practitioners means that pre-approved executive education courses offered by EAME will be considered “safe harbour” professional development activities for the 91,000+ CFA Institute members worldwide.
More...
18/09/07
Risk & Asset Management
On 17-19 April, 2008 in Nice, France, EDHEC Business School and the EFM Association are jointly organising the European Financial Management 2008 Symposium on Risk and Asset Management. The keynote speaker at the event will be Richard Roll, UCLA. The call for papers is open and all papers accepted for the symposium will be eligible for publication in a special issue of European Financial Management. More...
13/09/07
MiFID & Best Execution
EDHEC is organising a two-day seminar on 18-19 December 2007 on the topic of MiFID and Best Execution. The aim of the seminar is to offer a practical understanding of the directive’s impact on business and on the wider asset management industry, and to provide a roadmap for compliance with new operational requirements, together with the conceptual and practical tools to set up the processes to achieve and demonstrate best execution. The seminar is designed and delivered by academic and industry specialists, Catherine D'Hondt and Jean-René Giraud.
More...
13/09/07
13/09/07
Alternative Investments
The third edition of EDHEC Hedge Fund Days, now renamed EDHEC Alternative Investment Days to accommodate the latest developments in the alternative investment industry such as real estate and commodities investment, will be taking place at The Brewery in London on 20-21 November, 2007. More...
13/09/07
Alternative Investments
Following the official presentation of the results and conclusions of its latest research into hedge fund replication at a seminar in London on 28 June, EDHEC is organising a new session, the Alternative Betas & Hedge Fund Replication Seminar, in New York on 16 October where Lionel Martellini will present a novel approach to hedge fund investing and detail the associated techniques for identifying, measuring, and optimizing the beta benefits of hedge funds. More...
13/09/07
Commodities
Hilary Till, Research Associate with the EDHEC Risk and Asset Management Research Centre and Principal, Premia Capital Management, LLC, will be participating in a panel session at the event entitled, "Commentary on breaking news stories and their impact on commodity performance", alongside Guy Isherwood, Editor of Commodities Now and Kevin Morrison, Senior Commodities Correspondent of the FT. More...
13/09/07
Portfolio Management
David Kuenzi, Research Associate with the EDHEC Risk and Asset Management Research Centre, and Head of Risk Management and Quantitative Research at Glenwood Capital Investments, LLC, is one of five financial experts invited to speak at the 43rd meeting of the Chicago QWAFAFEW (Quantitative Work Alliance for Applied Finance, Education & Wisdom) on the theme, "Portfolio Management and the Volatility of Volatility Indexes". More...
13/09/07
Institutional Investment
Sponsorship opportunities for the EDHEC Institutional Days 2008, which will be held on 12-13 June in Paris, are now open. The conference will include five major events: the ETF Summit, the EDHEC Wall Street Journal Europe Institutional Investor Forum, the EDHEC Pension Fund Conference, the EDHEC Corporate Governance Panel, and the EuroPerformance EDHEC Alpha League Forum, together with five seminars for French and European institutional investors.
Various sponsorship options are available, allowing event partners to best target their audience.
More...
13/09/07
Appointments
Dr. Florencio López-de-Silanes has been appointed Finance Professor at EDHEC Business School. He holds a PhD in Economics from Harvard University and his
research interests lie in the fields of International Corporate Finance and Financial Markets, and Legal Reform and Privatization. Prior to joining EDHEC, he was an advisor on these topics to several governments, international institutions and corporations. More...
12/09/07
Appointments
Pierre Mella-Barral has joined EDHEC Business School as Professor of Finance.
Pierre's research projects revolve around corporate finance and asset valuation. His work consists of taking concepts used in corporate finance, in banking, or in strategic planning and adapting them to dynamic models for the valuation of financial assets. He is a graduate of the Ecole Nationale Supérieure d'Arts et Métiers and earned his Doctorate in Economics from the University of Cambridge. More...
16/08/07
Asset Allocation & Alternative Diversification
Hilary Till, Research Associate with the EDHEC Risk and Asset Management Research Centre and Principal, Premia Capital Management LLC, has been invited by the CFA Institute to speak at their 51st annual Financial Analysts Seminar in Chicago on Friday 20 July, on the theme "Lessons to be learned from the 2006 Hedge Fund Debacles". More...
20/07/07
ALM
On 6 July, Lionel Martellini, Scientific Director of the EDHEC Risk and Asset Management Research Centre, presented a paper entitled, "Dynamic Allocation Decisions in the Presence of Liability Constraints", at a workshop on "Advances in Portfolio Management" organised by the Bank of Canada and the Rotman School of Management at the University of Toronto. More...
06/07/07
Real Estate
Frédéric Ducoulombier, Associate Professor at EDHEC Business School, has been invited to speak at Property Derivatives World in London on Thursday 5 July, when he will be making a presentation in the session on "Risk Management – How Derivatives can Help" entitled, Property derivatives: investors' perceptions and expectations", during which he will be discussing the results of a pan-European survey conducted by the EDHEC Risk and Asset Management Research Centre. More...
05/07/07
Appointments
On 3 July, Dr. René Garcia joined EDHEC as a finance professor. Prior to this appointment, René was a professor at the Université de Montreal, where he taught finance and econometrics. His research interests revolve around the valuation of financial assets, portfolio management and risk management. René has published in leading international journals and is the editor-in-chief of the Journal of Financial Econometrics. René holds a PhD in Economics from Princeton University.
More...
03/07/07
Appointments
Dr. Devraj Basu has been appointed Senior Research Engineer at the EDHEC Risk and Asset Management Research Centre, with effect from 2 July. Prior to joining EDHEC, Devraj was a lecturer in finance at CASS Business School, City University, London, and at Warwick Business School in Coventry. He holds a PhD in Mathematics and his fields of research include asset pricing and asset allocation, and continuous time finance.
More...
02/07/07
Alternative Investments
On 28 June at the Marriott Renaissance Chancery Court hotel in London, Lionel Martellini, Scientific Director of the EDHEC Risk and Asset Management Research Centre, will be unveiling the results and conclusions of EDHEC's forthcoming survey on hedge fund replication at an exclusive evening seminar and debate. In the survey entitled "The Myths and Limits of Passive Hedge Fund Replication", EDHEC provides a critical analysis of the various methodologies involved in hedge fund replication offers and examines the respective benefits and limits of the "factor-based" and "payoff-distribution" hedge fund replication approaches, presenting independent tests of each technique's ability to consistently deliver hedge-fund-like returns, and suggesting new directions to improve hedge fund trackers. More...
28/06/07
Alternative Investments
Designed and delivered by two leading experts in the theory and practice of hedge fund investing, François-Serge Lhabitant, CIO of Kedge Capital and Associate Professor at EDHEC Business School, and Lionel Martellini, Professor at EDHEC and Scientific Director of the EDHEC Risk and Asset Management Research Centre, this intensive seminar will equip participants with a workable knowledge of the state of the art techniques for analysing the performance and risks of alternative investments and optimising hedge fund benefits both at the fund level and for end-investors. More...
28/06/07
Best Execution & Operational Performance
Jean-René Giraud, Director of Development at the EDHEC Risk and Asset Management Research Centre, will be moderating a workshop on the theme, "Are regulators about to seal the future of exchanges?" at Euronext's International Advisory Board Meeting which will bring together major institutional investors. More...
15/06/07
Alternative Investments
On 7 June in Paris at the inaugural EDHEC Research Day, Jean-François Lepetit, Chairman of the EDHEC-Risk International Advisory Board, former Chairman of the COB and recently appointed Chairman of the French National Accounting Council, delivered a presentation on the subject of Regulation and Hedge Funds, entitled "When EDHEC's Research Convinces the Regulator". More...
07/06/07
Best Execution & Operational Performance
At the seminar, Jean-René Giraud, Director of Development at the EDHEC Risk and Asset Management Research Centre, will be presenting the results of EDHEC's Europe-wide survey on investors' attitudes towards trading and Transaction Cost Analysis and will be discussing an alternative benchmark, EBEX indicators, that can be used for measurement purposes. More...
09/05/07
Real Estate
Frédéric Ducoulombier, Associate Professor at EDHEC, was invited to speak at the IEIF's annual conference which took place in Paris on 24 April. At the event, the theme of which was "Real Estate: where are the limits?", Frédéric Ducoulombier presented the preliminary results from a pan-European survey on the real estate investment and risk management practices of institutional investors. More...
24/04/07
Best Execution & Operational Performance
Jean-René Giraud, Director of Development at the EDHEC Risk and Asset Management Research Centre, will be participating in the MiFID Focus Day where he will be making a presentation entitled, "MiFID: The (In)famous Revolution - Consequences and Opportunities", on 24 April. He will also be chairing a plenary session on 26 April on the theme, "Do exchanges have a future and what lies in store for the evolution of the execution landscape?", involving representatives of the major European stock exchanges. More...
24/04/07
Commodities
Hilary Till, Research Associate with the EDHEC Risk and Asset Management Research Centre, and Principal, Premia Capital Management, LLC, will be participating in a luncheon panel discussion organised by the CFA Society of Chicago on 5 April, during which the Chicago authors of the recently published book "Intelligent Commodity Investing" will clarify what the key return drivers for commodity investing are and will also explain how to manage the risks in these investments. More...
05/04/07
Asset Allocation & Alternative Diversification
The French Banking Federation has announced that it has awarded one of five high-level Research Chairs in the field of corporate and investment banking to EDHEC Business School. The objective of the "Structured Products and Derivatives" Research Chair which has been awarded to EDHEC, will be to examine structured products with regard to clients' specific requirements. The FBF will contribute 300,000 euros over five years to finance each of the Research Chairs, which aim to increase the competitiveness of the French financial market. More...
03/04/07
ALM & Asset Management
On 29 March at the Club Saint James in Paris, Noël Amenc, Director of the EDHEC Risk and Asset Management Research Centre, Philippe Foulquier, Director of the EDHEC Financial Analysis and Accounting Research Centre, and Samuel Sender, Research Associate, made a presentation on the theme: "Solvency II: inadequate and poorly constructed regulations" to business leaders from France's leading insurance companies and the insurance regulatory authorities. More...
29/03/07
ALM & Asset Management
Philippe Foulquier, Associate Professor at EDHEC Business School, and Director of the EDHEC Financial Analysis and Accounting Research Centre, made a presentation on 27 March on the theme: "Solvency II: Does the increasing demand for transparency constitute a sufficient guarantee to avoid the pitfalls of IFRS and EEV?", at the second annual conference on Solvency II organised by the French insurance publication, "L'Argus de l'Assurance". More...
27/03/07
ETFs
The first of a series of EDHEC/iShares European seminars, the theme of which is "Innovations: Being Active with ETFs" will be taking place in Rome on 21 March, followed by Milan on 22 March, featuring EDHEC speaker Lionel Martellini, Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre. The programme will cover topics such as the benefits of core-satellite portfolio management, case study examples of how ETFs can be used in a "core" and "satellite" strategy, designing completeness portfolios, and how ETFs can offer risk reduction benefits for both equity and bond markets. The seminars will be taking place in other European cities during March and April. More...
21/03/07
Commodities
Hilary Till, Research Associate with the EDHEC Risk and Asset Management Research Centre and Principal, Premia Capital Management, LLC, will be making a presentation entitled, "Term Structure Properties of Commodity Investments" at this unprecedented event which gathers top industry leaders worldwide in Foreign Exchange and Commodities to discuss, explore and educate institutional investors on the intricacies, merits, and applications of both asset classes. More...
20/03/07
Appointments
On 16 March, the French Ministry of Economy, Finance and Industry announced the appointment of Jean-François Lepetit as Chairman of the French National Accounting Council. In this role, Jean-François Lepetit, who is an Associate Professor of Finance at EDHEC Business School and Chairman of the EDHEC Risk and Asset Management Research Centre's International Advisory Board, will be responsible for the institution's development, notably with the
introduction of the new IFRS accountancy standards. More...
16/03/07
Appointments
Dr. Giamouridis' areas of research include derivatives and alternative investments, with a particular focus on option valuation/hedging and hedge funds (portfolio choice/investment decisions, pricing, return predictability, risk management). He has published in a number of international academic journals and is also a frequent speaker at academic and practitioner conferences. More...
14/03/07
Asset Management
The EDHEC Risk and Asset Management Research Centre will be organising the second edition of the EDHEC Asset Management Days at the Hotel President Wilson in Geneva on 12-13 March. EDHEC Asset Management Days 2007 will explore how to use the most recent research advances and the latest industry innovations as new sources of value in investment management. More...
12/03/07
Alternative Investments
The third edition of the EDHEC Hedge Fund Days, now rebranded as EDHEC Alternative Investment Days to accommodate the latest developments in the alternative investment industry such as real estate and commodities investment, will be taking place in London on 20-21 November, 2007. The first day of the event will comprise a Hedge Funds Summit, and the second day will cover State of the Art Alternative Investment. CNBC Europe and the International Herald Tribune will be premium media partners of the event. More...
02/03/07
Commodities
Hilary Till, Research Associate with the EDHEC Risk and Asset Management Research Centre and Principal, Premia Capital Management, LLC, co-editor of the recent book "Intelligent Commodity Investing", will be participating in a panel discussion on 11 June in New York featuring fellow authors of the publication, which provides comprehensive insights into commodity investment. More...
01/03/07
ALM & Asset Management
Further to their work in this area, the authors of the recent EDHEC paper entitled "CP20: Significant improvements in the Solvency II framework but grave incoherencies remain", Philippe Foulquier and Samuel Sender, were invited by the European Parliament to participate in a roundtable on 27 February in Brussels. Their presentation concluded that efficient risk management, asset-liability management and asset management is ultimately penalised heavily by the IFRS and Solvency II, which goes against the objectives that they initially wanted to promote. More...
27/02/07
Alternative Investments
The latest edition of the Lhabitant Hedge Fund Seminar will be taking place in London on 26 February 2007. This seminar, delivered by François-Serge Lhabitant, Associate Professor of Finance at EDHEC Business School and CIO of Kedge Capital, is designed to equip participants with a workable knowledge of the techniques that should be part of the toolkit of anyone investing in hedge funds or advising private and institutional clients on the inclusion of hedge funds in their portfolios. More...
26/02/07
Commodities
The State-of-the-Art in Commodities Investing Seminar run by EDHEC Asset Management Education will be taking place in London on 30-31 January 2007.
This limited enrolment seminar has been designed by two EDHEC experts, Research Associate Hilary Till, who is the co-founder and principal of natural resources proprietary trading Premia Capital Management, and Associate Professor François-Serge Lhabitant, who is the CIO of Kedge Capital, to equip participants with a comprehensive overview of natural resources markets and products, a thorough understanding of the importance of commodities as an asset class, and the state-of-the art techniques for implementing futures programmes and managing institutional commodity investments. More...
30/01/07
Alternative Investments
In a working paper entitled "Quantification of Hedge Fund Default Risk", which led to the publication of a full article in the Fall issue of the Journal of Alternative Investments, Jean-René Giraud and Stéphane Daul of the EDHEC Risk and Asset Management Research Centre, together with co-author Corentin Christory, examined numerous cases of hedge fund default in order to find the common factors behind fund failures. More...
17/01/07
Alternative Investments
On the back of record commitments to non-traditional assets and strategies by institutional investors, the number of candidates for the Chartered Alternative Investment AnalystSM designation has reached new record highs in 2006.
EDHEC Asset Management Education, the exclusive CAIA AssociationSM course provider for Europe, is organising the following review courses for the March sessions of the exam:- Level I: January 10-12 (Paris), January 24-26 (Zurich), February 7-9 (London)
- Level II: January 17-19 (London)
More...
10/01/07
Appointments
Ms. Joëlle Miffre has joined EDHEC as Associate Professor of Finance to teach Fixed-Income Securities and Derivatives. She will also participate actively in the work of the EDHEC Risk and Asset Management Research Centre. Her research focuses on portfolio management, with special emphasis on alternative assets (hedge funds, commodities, real estate), performance evaluation, non-normality risks, ETFs and momentum strategies. More...
09/01/07
Alternative Investments
EDHEC Associate Professor François-Serge Lhabitant’s latest publication, the "Handbook of Hedge Funds", combines new material with updated information from his two other best sellers: "Hedge Funds: Quantitative Insights" and "Hedge Funds: Myths & Limits", to provide a comprehensive guide to the hedge fund industry for investors and fund and portfolio managers. More...
31/12/06
Alternative Investments
Following the launch in 2004 of the EuroPerformance-EDHEC Style Ratings, the innovative system for rating the performance of European mutual funds, which measures the performance with regard to the risks that were really taken by the managers while at the same time taking the extreme risks being run and the managers’ capacity to generate outperformance into account, the French financial daily La Tribune asked EDHEC in 2005 to apply the same approach to rating funds of hedge funds. The results of the second edition of the rankings were published in France on December 5th. More...
05/12/06
Institutional Investment
The 2006 IPE Awards will be taking place in Paris on 30th November. This year again, EDHEC will be involved in the event and Noël Amenc, Professor of Finance at EDHEC Business School and Director of the EDHEC Risk and Asset Management Research Centre, will be a keynote speaker during the presentations, alongside Mr. Charlie McCreevy, European Commissioner for Internal Market and Services and former Irish Minister for Finance, and Mr. Bernard Kouchner, Member of the European Parliament, former French Health Minister and Co-Founder of Médecins du Monde and Médecins sans Frontières. More...
30/11/06
Institutional Investment
Following on from the success of its Hedge Fund Days in London and Asset Management Days in Geneva, the EDHEC Risk and Asset Management Research Centre is organising its inaugural two-day EDHEC Institutional Days 2006 at the CNIT in Paris on 21-22 November next. The event will feature the EDHEC ETF Summit, the New Challenges for European Institutional Investors Conference, and the State of the Art Institutional Asset Management Master Class, with speakers including EDHEC's research specialists and distinguished figures from the institutional investor community. More...
21/11/06
Alternative Investments
Noël Amenc, Professor of Finance at EDHEC Business School and Director of the EDHEC Risk and Asset Management Research Centre, has been invited to speak at the Luxembourg Investment Forum in Rome, the theme of which is "Where and how to be invested in 2007?". In the Alternative Investment session of the three-day event, Noël Amenc made a presentation entitled "What are the prerequisites for out-performance and low correlation to traditional asset classes?" More...
17/11/06
ALM & Asset Management
In a new position paper by Philippe Foulquier, director of the EDHEC Financial Analysis and Accounting Research Centre, and Samuel Sender, research associate with the EDHEC Risk and Asset Management Research Centre, entitled "QIS 2: Modelling that is at odds with the prudential objectives of Solvency II", EDHEC regrets the approach chosen by the CEIOPS (Committee of European Insurance and Occupational Pensions Supervisors) for the European Commission as proposed in the QIS 2 (Quantitative Impact Study 2). More...
17/11/06
Alternative Investments
The next "State of the Art in Hedge Fund Investment" Seminar run by EDHEC Alternative Investment Education and delivered by François-Serge Lhabitant, professor at EDHEC Business School, will be held at the Dorchester Hotel in London on 16 November. This limited enrolment seminar draws on the latest results of the alternative investment research conducted within the EDHEC Risk and Asset Management Research Centre, offering insight into state of the art practices for implementing hedge fund programmes, controlling risk, and measuring and reporting on performance and risks. More...
16/11/06
Appointments
An active researcher for over 15 years in the fields of finance, economics and computer science and engineering, Dr. Harmantzis is a specialist in alternative investments, and his research interests include investment strategies and investment management. He is a member of the Investment Management Research team at FX-Concepts in New York, an investment firm with $12 billion in assets. More...
09/11/06
Style & Performance Analysis
Agefi, the leading newspaper for the financial community in France, will be holding its 2006 asset management awards in Paris on November 8th. As in previous years, EDHEC, together with EuroPerformance, has been involved in producing the rankings for the Awards. More...
08/11/06
Style & Performance Analysis
EDHEC and EuroPerformance have released their rankings of the top UK asset management companies. The Alpha League Table 2006 for the UK reveals that compared to the results obtained by leading asset managers in France, Italy and Spain, the figures from the UK are truly remarkable. The Alpha League Table is constructed on the basis of a genuine measure of alpha, using a state-of-the-art methodology developed by EDHEC. More...
16/10/06
Alternative Investments
François-Serge Lhabitant, Associate Professor at EDHEC Business School, will be delivering a presentation on the theme, "Hedge Funds: From diversification to diworsification", organised by the Swiss CFA Society, on 18 September in Geneva and on 19 September in Zurich. More...
18/09/06
Asset Allocation
Lionel Martellini will be speaking on the theme "Optimal Allocation Decisions in Asset and Liability Management" at a research seminar organised by the Bank of Italy at the Ente "Luigi Einaudi" for monetary, banking and financial studies in Rome on September 15.
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15/09/06
Asset Allocation
Lionel Martellini has been invited to speak at a seminar organised by Assogestioni (the Italian association of fund mangers), where he will be addressing the topic of new frontiers in asset management, with a focus on dynamic asset allocation strategies.
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14/09/06
Asset Allocation
The theme of this year’s summer school, run by the Department of Mathematics for Economics and Social Science of the University of Bologna, is "Asset Management Markets: People, Products and Techniques". Lionel Martellini, Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre, will be making a presentation entitled, "Dynamic Asset Allocation Strategies and Non-Linear Payoffs in Asset Management and Asset-Liability Management". More...
13/09/06
Indexes & Benchmarking
Af2i (the French association of institutional investors) and EDHEC have carried out research on the main market indices used by European investors. This work received the support of BNP Paribas Asset Management and UBS Global Asset Management. The results of the Af2i/EDHEC study, entitled “Assessing the Quality of Stock Market Indices: Requirements for Asset Allocation and Performance Measurement”, will be presented to the members of Af2i by Noël Amenc, Professor of Finance at EDHEC Business School and Director of the EDHEC Risk and Asset Management Research Centre, in Paris on 12 September. More...
12/09/06
Regulation
Jean-René Giraud, Director of Development at the EDHEC Risk and Asset Management Research Centre, was invited to make a presentation about hedge fund regulation in Europe during the Economic Symposium, as part of the "Global Capital Markets and the Role of Hedge Funds" working group. More...
31/08/06
Alternative Investments
International investment manager Olympia Capital Management (OCM) and EDHEC Business School, have teamed up yet again to organize the second annual summer programme in alternative investment, aimed at helping young talents from all over the world to discover one of the fastest growing and yet least understood sectors of the asset management industry. More...
10/07/06
Indexes & Benchmarking
The European Financial Management Association invites its members to participate in its annual meeting by submitting papers in all areas of finance. In addition to the regular sessions of academic research, the program includes special sessions to enhance the exchange of ideas between academics and practitioners and to provide a forum for discussion of special topics.
This year, Lionel Martellini, Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre, will be presenting a paper in the special session "Hedge Funds: Performance and Risk", entitled "Hedge Fund Indices: Reconciling Investability and Representativity", co-authored with Felix Goltz (EDHEC) and Mathieu Vaissié (research associate), on 1st July in Madrid.
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01/07/06
Alternative Investments
On 22-23 June, François-Serge Lhabitant, associate professor at EDHEC Business School and Lionel Martellini, Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC Risk and Asset Management Research Centre, will be holding an exclusive seminar in London aimed to equip participants with a workable knowledge of the state of the art techniques for analysing the performance and risks of alternative investments and optimising hedge fund benefits both at the fund level and for end-investors. This seminar draws on the latest results of the alternative investment research conducted within the EDHEC Risk and Asset Management Research Centre. More...
22/06/06
Alternative Investments
EDHEC AI Education, the exclusive CAIA Association® course provider for Europe since 2004, will be holding a three-day Level I CAIA review seminar in Paris on 21-23 June. This will be followed by a second review seminar in London on 3-5 July and a Level II review course in London on 31 August to 1 September. To date, EDHEC AI Education has helped professionals from more than a hundred organisations pass the CAIA® exams, with a success rate of 90%.
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21/06/06
EDHEC
On 20th June, Daniel Haguet, Professor in the Economics and Finance department at EDHEC Business School made a presentation on the theme, "Investor behaviour: Application to Financial Markets", to the Cercle de l’Orangerie in Paris, whose members are the private clients of BNP Paribas bank. The conference principally dealt with the biases of investor behaviour and their consequences in the field of portfolio management, and the conference minutes were distributed to all the members of the Cercle de l’Orangerie. More...
20/06/06
Alternative Investments
IOSCO is the international standard setter for securities markets, regulating more than 90% of the world's securities markets. The organization has established a specialised Technical Committee, divided into five major functional subject areas, whose objective is to review major regulatory issues related to international securities and futures transactions and to coordinate practical responses to these concerns.
It is within the context of IOSCO’s comprehensive consultation |
