Research Chairs
The EDHEC-Risk Institute research chairs involve a close partnership with a sponsor and a commitment from EDHEC-Risk Institute over three years leading to international academic publications and position papers aimed at professionals, institutional investors and regulators.
The EDHEC-Risk Institute research chairs include three types of actions:
- Carrying out the research
Each year, the chair proposes to produce a major research study which will lead to both academic and professional publications. The themes are proposed by EDHEC-Risk and agreed with the sponsor.
- Organising the dissemination of the research
The research work from the chair is widely promoted on the basis of:
• "Features" in the EDHEC-Risk newsletter;
• A section on the EDHEC–Risk website dedicated to the work of the chair;
• Distribution of the research to European institutional investors;
• Specific actions with European financial newspapers and professional publications. - Presentation at conferences
Each of the chair’s publications is presented at a conference organised by the sponsor(s) and aimed at the public of their choice (employees or clients) and also at the EDHEC-Risk conferences which bring together more than 2,000 European institutional investors and asset managers each year.
The research chair is managed by one of the directors of the centre. The research topics and associated plans are drawn up by EDHEC-Risk and validated by the sponsor. The marketing actions are validated and carried out by a steering committee comprising the marketing director of EDHEC-Risk Institute and a representative from the sponsor.
- Regulation and Institutional Investment
In partnership with AXA Investment Managers (AXA IM)
The chair investigates the interaction between regulation and institutional investment management and highlights the challenges of regulatory developments for institutional investment managers. - Asset-Liability Management and Institutional Investment Management
In partnership with BNP Paribas Investment Partners
The chair examines advanced ALM topics such as dynamic allocation strategies, rational pricing of liability schemes, and formulation of an ALM model integrating the financial circumstances of pension plan sponsors. - Structured Products and Derivative Instruments
Sponsored by the French Banking Federation (FBF)
The chair investigates the optimal design of structured products in an ALM context and studies structured products and derivatives on relatively illiquid underlying instruments. - Private Asset-Liability Management
In partnership with ORTEC Finance
The chair explores the application of the asset-liability management methodology in private wealth management. - ALM and Sovereign Wealth Fund Management
In partnership with Deutsche Bank
The chair involves formalising a dynamic asset allocation model that incorporates the most salient factors in sovereign wealth fund management, analysing the risk factors impacting the inflows and outflows of cash of sovereign funds, and exploring the design of solutions for optimal financial management of sovereign wealth funds. - Core-Satellite and ETF Investment
In partnership with Amundi ETF
The chair analyses the developments in the use of exchange-traded funds as part of the asset allocation process and looks at advanced forms of risk budgeting within the framework of a core-satellite approach. - Dynamic Allocation Models and new Forms of Target Funds for Private and Institutional Clients
In partnership with UFG
The chair examines the limitations of the traditional techniques supporting target-date funds and looks at the advantages of an asset-liability management approach sensitive to the period and to the economic cycle for target-date funds, in particular for pensions. - Advanced Modelling for Alternative Investments
In partnership with Newedge Prime Brokerage
The purpose of the chair is to expand the frontiers in alternative investment modelling techniques by enhancing the understanding of the dynamic and non-linear relationship between alternative investment returns and the returns on underlying fundamental systematic factors, and analysing the implications for managing portfolios that include alternative investments. - Risk and Regulation in the European Fund Management Industry
In partnership with CACEIS
The chair deals with the issue of operational risk and performance in a changing regulatory framework for the European fund management industry. It analyses the major risks those in the industry face as a result of regulation and of their practices, assesses their importance and impact in terms of solvency and business models, and proposes methods to mitigate them. - The Case for Inflation-Linked Bonds: Issuers’ and Investors’ Perspectives
In partnership with Rothschild & Cie
The purpose of this research chair is to support research undertaken at EDHEC-Risk on the benefits of inflation-linked bonds from the issuers’ perspective as well as from the investors’ perspective. The research chair also focuses on comparing and contrasting issuers’ and investors’ perceptions of inflation-linked bonds.
