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To beat or not to beat - The active vs passive investing debate
Following the opening address by Professor Markus Leippold, the forum will consist of four lectures by leading academics and experts from the financial industry.
Allan Conway will explain why active and disciplined management can generate added
value for investors, whilst being passive in some markets holds hidden dangers.
Professor Markus Leippold from the University Zurich will provide a historical perspective
on the never-ending debate on active vs. passive management. He will provide a
short digression on the evolution of investment ideas from the early 20th century unti
today, both from a practical and a theoretical perspective.
Brian Singer’s talk starts from the observation that, while much human and monetary
capital is expended on the search for alpha through active security selection, much less resources are expended in the search for superior performance through macro investment
decisions. He contends that active macro investing is undervalued and active
security selection is overvalued.
Professor Suleyman Basak from London Business School explores how competition
among money managers, as they try to outperform each other, affects their behavior. This presentation addresses this issue when strategic interactions emerge as managers compete for money flows.
The conference will end with a panel discussion under the moderation of Christian Dreyer. The panel will consist of all speakers and the audience is cordially invited to an
active participation in the discussion.
We would be pleased to welcome you in the Aula of the University of Zurich on
September 1, 2010!
This event qualifies for 3 credits in the CFA Institute Continuing Education Program. Please don‘t forget to provide your membership number when registering.
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Universität Zürich, Rämistrasse 71 Entrance Karl-Schmid-Strasse
By public transport: Tram No 10 from
Bahnhofplatz (Main Station side exit towards
Bahnhofstrasse), Tram No 6 from Bahnhofstrasse
Both stop at ETH Universitätsspital
From Central take the historical railway Polybahn
By car: Bürkliplatz, Seebrücke, Bellevue,
Rämistrasse; Parkings subject to charges:
Hohe Promenade, Rämistrasse 22A
ETH Zentrum, Rämistrasse 101, Rämistrasse 71
(entrance Karl-Schmid-Strasse)
Universität Zürich, Rämistrasse 71
(entrance Karl-Schmid-Strasse)
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