Research Chairs
The EDHEC Risk research chairs involve a close partnership with a sponsor and a commitment from EDHEC over three years leading to international academic publications and also detailed summaries and position papers aimed at professionals, institutional investors and regulators.
The EDHEC 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 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;
• The setting up of 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 (collaborators or clients) and also at the EDHEC 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 and validated by the sponsor. The marketing actions are validated and carried out by a steering committee comprising the marketing director of the EDHEC Risk and Asset Management Research Centre 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 on a European scale 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 Asset-Liability Management 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. - MiFID and Best Execution in partnership with NYSE Euronext, SunGard and CACEIS Investor Services
The chair looks at two crucial issues linked to the Markets in Financial Instruments Directive: building a complete framework for transaction cost analysis and analysing the consequences of market fragmentation. - 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. - Financial Engineering and Global Alternative Portfolios for Institutional Investors, sponsored by Morgan Stanley Investment Management
The chair adapts risk budgeting and risk management concepts and techniques to the specificities of alternative investments, both in the context of asset management and asset-liability management. - Private Asset-Liability Management, in partnership with ORTEC Finance
The chair explores the application of the Asset-Liability Management methodology in private wealth management. - Asset-Liability Management Techniques for Sovereign Wealth Fund Management, sponsored by Deutsche Bank
The chair analyses the optimal investment policy of a sovereign wealth fund in an asset-liability management framework while taking account of the risk factors affecting the state surplus dynamics and the implicit or explicit liabilities the fund is facing. - Core-Satellite and ETF Investment, sponsored by Crédit Agricole Structured Asset Management (CASAM)
The chair will involve three years of academic research into ETFs (exchange-traded funds) and the use of ETFs as part of a core-satellite approach to asset management. It will examine advanced forms of risk budgeting in a dynamic core-satellite approach and the use of these techniques by investors and asset managers. - Dynamic Allocation Models and new Forms of Target Funds, in partnership with Groupe UFG
The chair consists of academic research that will be devoted to the analysis and improvement of dynamic allocation models and new forms of target funds. - Advanced Modelling Techniques for Alternative Investments, in partnership with Newedge
The chair involves a three-year project whereby academic research dedicated to hedge funds and to the analysis and modelling of their returns will be conducted.
