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Alternative Thinking for a Low-Return Environment


The 2015 conference focused on academic and practitioner insights.


26-27 October 2015


Download  the event brochure


Download the speakers' biographies


Read the news release


Day one - Academic Insights


International Finance & Pensions and Household Finance


Leading academics present their latest research. Sessions will focus on developments in the fields of global macro economy and international finance, as well as pensions/ retirement challenges and household finance. 


Download the academic day materials:


Agenda - Day 1 


Session 1: “Exchange rates and Monetary Spillovers” 



  • Speaker: Guillaume Plantin, Sciences Po 

— Paper


  • Discussant: Ricardo Reis, Columbia University and London School of Economics

— Presentation


Session 2: “Exchange Rates and Monetary Policy” 



  • Speaker: Jenny Tang, Federal Reserve Bank of Boston

— Paper


  • Discussant: Tarek Hassan, Chicago Booth School of Business

— Presentation


Session 3: “External Balances, Trade and Financial Conditions” 



  • Speaker: Martin Evans, Georgetown University 

— Paper


  • Discussant: Nuno Coimbra, Paris School of Economics 

— Presentation


Session 4: “A Model of the Reserve Asset” 



  • Speaker: Konstantin Milbradt, Kellogg School of Management

— Paper

— Presentation


  • Discussant: Kathy Yuan, London School of Economics

— Presentation


Session 5: “Designing an Optimal Retirement Savings System” 



  • Plenary speaker: David Laibson, Harvard University 

— Presentation


Session 6: “Savings after Retirement: A Survey” 



  • Speaker: Eric French, Federal Reserve Bank of Chicago

— Paper

— Presentation


  • Discussant: Michael Haliassos, Goethe University 

— Presentation


Session 7: “Simplifying Choices in Defined Contribution Retirement Plan Design” 



  • Speaker: Donald Keim, The Wharton School

— Paper

— Presentation


  • Discussant: Alex Michaelides, Imperial College Business School 

— Presentation


Session 8: “Self-Control and Commitment: Can Decreasing the Liquidity of a Savings Account Increase Deposits?” 



  • Speaker: James Choi, Yale School of Management 

— Paper


  • Discussant: Luigi Guiso, Einaudi Institute for Economics and Finance

— Presentation


Day two - Practitioner Insights


Alternative Thinking for a Low-Return Environment


The global economic and market environment has led to expectations of low returns across asset classes. How should investors respond and what are the implications for asset allocation? What can we learn from history and what role does market liquidity play? How can return objectives be achieved and expectations be calibrated?


View the photo album

 

Download the Agenda - Day 2


Speaker materials



“Biggest tests may lie ahead” for market liquidity, says Minouche Shafik

10 Nov 2015

London Business School’s AQR Asset Management Institute hosts inaugural summit on the challenges of investing in a low return environment.

Read now

AQR Asset Management Institute announces AQR PhD Fellowship Award winner

26 Oct 2015

Ryan Lewis, PhD candidate in Finance, London Business School, has won the inaugural AQR Fellowship Award.

Read now