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Risk Management Who Sank the Boat? The role of Speculators in Commodity Risk Management 1 May, 2013 - London, United Kingdom
Hilary Till, Principal of Premia Capital in Chicago and Research Associate at the EDHEC-Risk Institute, will discuss her research on alternative explanations to popular narratives regarding recent commodity price spikes and the implications that has for European derivatives regulations.

This research was cited by CommodityFACT.org, which in turn was developed by the International Swaps and Derivatives Association, Inc. (ISDA) in its effort to pull “together facts, data and research from government, academia and think tanks about the causes of commodity price changes and volatility".

Ms. Till’s presentation will cover the following topics:
  • The theory and empirical evidence regarding how commodity futures market work, including the role of the speculator;

  • The difficulty in apportioning causality for commodity price spikes when inventories-relative-to-consumption become sufficiently low; and

  • The price risk management benefits of these markets.
The presentation concludes that policymakers may want to tread carefully before performing major surgery on these markets and not adopt “speculative” regulatory proposals whose ultimate effects are unknown.

Ms. Till is the co-editor of the Risk Books (London) bestseller, "Intelligent Commodity Investing". She has a B.A. with General Honors in Statistics from the University of Chicago and an M.Sc. degree in Statistics from the London School of Economics (LSE). She presently serves on the North American Advisory Board of the London School of Economics; is a member of the Federal Reserve Bank of Chicago’s Working Group on Financial Markets; and serves on the steering committee of the Chicago chapter of the Professional Risk Managers’ International Association (PRMIA.)
Event Details
  When   Between 01/05/2013 06:00 PM and 01/05/2013 08:00 PM
Where   ISDA, One Bishops Square, London E1 6AD, United Kingdom
Contact Details
  Name   PRMIA
  Presentation by Hilary Till: "“Who Sank the Boat?” The Role of Speculators in Commodity Risk Management