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Business Analysis Edhec European Asset Management Practices Survey Luxembourg, 3rd December, 2003 With the support of EuroPerformance and Misys Asset Management Systems, Edhec has conducted a major survey into the practices of the leading 400 European asset management companies.

The Edhec European Asset Management Practices study was based on three questionnaires:
  • investment process and strategy
  • measuring and monitoring risk
  • organisation and information systems
The study generated responses from 60 European asset management companies, representing a total volume of 6,211.62 billion euros of assets under management.

From this representative sample, Edhec has not only drawn up comparisons between the practices of asset management industry players from the different European countries, but also studied the application of the research results to portfolio management within the investment and risk management processes of businesses.

The survey results reveal that in spite of their extensive knowledge of the concepts involved in research into portfolio management and the progress made, the major European asset managers were either not implementing them or not adopting them rapidly as part of their investment management process. Thus, only 50% of asset management companies carry out a systematic analysis of the extreme risks of the portfolios managed. Furthermore, whilst the multi-factor approach is commonly used in the field of risk control, it is rarely used for measuring managers' alphas. In this area, widely criticised methods such as the Sharpe ratio or peer groups are dominant.

The presentation of the Edhec European Asset Management Practices Survey will provide the opportunity to explain the many results in detail and to discuss them with the professionals present.

Programme

5.00 pm Registration

5.20 pm Introduction

Olivier Oger, Managing Director of the Edhec Business School
Philippe Teilhard de Chardin, Managing Director, Global Fund Services

5.35 pm The principal results and conclusions of the Edhec European Asset Management Practices Survey

Noël Amenc, Professor of Finance at Edhec Business School, Director of Research, Misys Asset Management Systems
Mathieu Vaissié, Research Engineer at Edhec
Jean-rené Giraud, CEO, Edhec-Risk Advisory

6.45 pm Questions and feedback from the audience
Led by Daniel Haguet, Professor of Finance at Edhec Business School

7.05 pm Reception and informal discussion
Event Details
  When   Between 03/12/2003 05:30 PM and 03/12/2003 07:30 PM
Where   Banque Générale du Luxembourg, Espace Royal Monterey, Coin Boulevard Royal, Rue Notre Dame, Luxembourg
 
Contact Details
  Name  
Phone   +352 45 33 99 220