The Sixth Conference and Fifth Ross Prize Award

MIT's Endicott House, 80 Haven Street, Dedham, MA 02026

October 20, 2017

8:00-10:00 Drinks - Gun Room

October 21, 2017

7:30 - 8:30: Breakfast
7:30:  Full Breakfast Buffet in Dining Room for those staying at Endicott
8:00:  Continental Breakfast in BC Lobby for other conference participants

8:30 - 10:00: SESSION 1
       Chair: Hayne Leland, Berkeley, Ross Prize Lecture

Money Management in Equilibrium
       Jonathan Berk, Stanford University

Portfolio Liquidity and Diversification: Theory and Evidence
        Lubos Pastor, University of Chicago
        Robert Stambaugh, University of Pennsylvania
        Lucian Taylor, University of Pennsylvania

        Discussant: Marcin Kacperczyk, Imperial College

10:00 - 10:20: Coffee Break

10:20 - 11:50: SESSION 2
       Chair: Mark Grinblatt, UCLA

Asset Managers: Institutional Performance and Smart Betas
       Joseph Gerakos, Dartmouth
        Juhani Linnainmaa, USC AG
        Adair Morse, Berkeley

        Discussant: Tarun Ramadorai, Imperial College

Are Mutual Fund Managers Paid For Investment Skill?
       Markus Ibert, SSE
        Ron Kaniel, University of Rochester
        Stijn Van Nieuwerburgh, NYU
        Roine Vestman, Stockholm University

        Discussant: William Goetzmann, Yale

11:50 - 1:10: Lunch Break - Living Room

1:10 - 2:30: SESSION 3:    “Young Scholars” papers (25/15 presenter/general comments)
       Chair: Doug Breeden, Duke

Venture Capital and the Macroeconomy
        Christian Opp, The Wharton School University of Pennsylvania

Delegated Learning in Asset Management
        Michael Sockin, University of Texas
        Mindy Zhang, University of Texas

2:30 - 2:50: Coffee Break

2:50 - 4:05: Panel on “The Size of the Financial Industry" (35 Panelist, 40 audience)
       Moderator: Chester Spatt, Carnegie Mellon University
       Kenneth French, Dartmouth
       Thomas Philippon, NYU
       Jose Scheinkman, Columbia University
       Jeremy Stein, Harvard University

4:05 - 4:15 Short Break

4:15 - 5:30: “The Steve Ross Memorial Panel: Theory and Practice of Finance—status and lessons”
       Moderator: Paul Pfleiderer, Stanford University
       Andrew Ang, Blackrock
       John Campbell, Harvard University
       Pete Kyle, University of Maryland
       Stewart Myers, MIT

5:40 - 6:45: FARFE annual members meeting

6:45 - 7:45: Reception and Appetizers

7:45: Dinner