EDHEC-Risk Days Asia 2012

12:15-13:15 Long-Short Commodity Investing:
Implications for Portfolio Risk and Market
Regulation
> Measuring the returns earned by long-short
commodity investors
> Long-short commodity portfolios as a hedge against
extreme equity risk
> Are long-short investors destabilising commodity
markets by increasing volatility and cross-market
linkages?
Q&A session with the audience
Chair:
Julien Le Noble, Head of the Asia-Pacific Office, CME Group
Speaker:
Joëlle Miffre, Member, EDHEC-Risk Institute and Professor of
Finance, EDHEC Business School
13:15–14:30 Lunch Break
14.30-15.30 Non-parametric Hedge Fund
Modelling and Implications for Hedge Fund
Performance Evaluation and Asset Allocation
Decisions
> Limitations of traditional approaches to modelling
hedge fund payoffs
> Advantage of a stochastic discount factor approach to
hedge fund modelling risks
> Aligning allocation decisions with performance
measurement in the hedge fund universe
Q&A session with the audience
Speaker:
René Garcia, Academic Director, PhD in Finance, EDHEC-Risk
Institute, and Professor of Finance, EDHEC Business School
14.30-15.30 Skewness as an Asset Class
> Exploring the empirical properties of skewness
> Understanding implied and realised skewness and the
informational content of skewness indicators
> Measuring the benefits of skewness exposure
Q&A session with the audience
14:30-15:30 The State and Challenges of
Infrastructure Financing and Investing
> What exactly is an infrastructure asset?
> The infrastructure risk/return mismatch
> Recent hurdles, the credit cycle and long-term solutions
Q&A session with the audience
Speaker:
Frédéric Blanc-Brude, Research Director, EDHEC Risk Institute–
Asia
15:30-16:00 Afternoon Break
16:00-17:00 New Evidence on the Performance of
Private Equity
> Analysing the return drivers of more than 10,000
private-equity investments (speed, firm structure,
investment size, business cycle, exit route)
> Are quick-flips the norm?
> Which firm characteristics impact returns most?
> Do private-equity firms add value? And if so, how?
Q&A session with the audience
Speaker:
Florencio López-de-Silanes, Member, EDHEC-Risk Institute and
Professor of Finance, EDHEC Business School
16:00-17:00 Allocating to Hedge Funds – A View
from the Buy Side
> Looking at the current state of the hedge fund industry
> Including hedge funds into strategic asset allocation
> Reviewing the myths and limits of hedge fund investing
> Managing the liquidity and operational risks of hedge
fund investments
Q&A session with the audience
Speaker:
François Serge Lhabitant, Affiliate Professor of Finance, EDHEC
Business School and Chief Executive Officer, Kedge Capital
17:00 End of the Conference
Speaker:
Stoyan Stoyanov, Head of Research, EDHEC Risk Institute–Asia
and Professor of Finance, EDHEC Business School
EDHEC-Risk Days Asia 2012 l 9 l Bringing Research Insights to Investment Professionals