Value Creation in the Hedge Fund Industry

David Ardia¹, Laurent Barras²

1: HEC Montréal, Canada; 2: University of Luxembourg, Luxembourg

Discussant: Cristian Tiu (University at Buffalo)

Learning about Managerial Skill and Fund Scale from Mutual Fund Analysts

Felix Wilke

Nova School of Business and Economics, Portugal

Discussant: Konark Saxena (ESCP)

The Economics of Greenwashing Funds

Sean Cao¹, Yong Chen², Han Xiao³, Alan Zhang⁴

1: University of Maryland; 2: Texas A&M University; 3: CUHK, Shenzhen; 4: Iowa State University

Discussant: Hélène Mathurin (NEOMA Business School)

Do investors care about sustainable investment targets? An assessment using the Sustainable Finance Disclosure Regulation

Christian Mücke¹, Nikolai Badenhoop²

1: ESCP Business School, Spain; 2: Leibniz Institute for Financial Research SAFE, Germany

Discussant: Daniel Schmidt (HEC Paris)

Flow-Induced Demand Pressure from Option-Trading ETFs

Zhaoyi Wang

London Business School, United Kingdom

Market Quality of Informed Trades

Wan Soo Choi¹, Juha Joenväärä², Dominik Rösch¹, Cristian Tiu¹

1: University at Buffalo; 2: Aalto University

Risk and Return in Asset Demand Systems

Ozan E. Akbas¹, Ao Wang²

1: Warwick Business School, University of Warwick, United Kingdom; 2: Department of Economics, University of Warwick, United Kingdom

Monitoring via Securities Lending

Newsha Zahabi

ESCP Business School, France

Understanding the Drivers of European Capital Flows to the United States

Anouck Faverjon^1,2, Marie Lambert²

1: HEC Liège, Université de Liège / Université Paris Dauphine-PSL, Belgium; 2: HEC Liège, Université de Liège

Will AI Replace or Enhance Human Intelligence in Asset Management?

George Aragon³, Hugh Kim¹, Vikram Nanda²

1: Wilfrid Laurier University, Canada; 2: University of Texas at Dallas, USA; 3: Arizona State University

Discussant: Fabrice Riva (Université Paris Dauphine - PSL)

The Growth and Performance of Artificial Intelligence in Asset Management

Shuang Chen¹, Clemens Sialm², David Xu³

1: University of Melbourne; 2: University of Texas at Austin; 3: Southern Methodist University

Discussant: Charles-Albert Lehalle (CMAP, Ecole Polytechnique)

Can US Equity Funds Time ESG Score Updates?

Anouck Faverjon¹, Serge Darolles², Marie Lambert³

1: HEC Liège, Université de Liège / Université Paris Dauphine-PSL, Belgium; 2: Université Paris Dauphine-PSL; 3: HEC Liège, Université de Liège

Discussant: Adam Reed (UNC)

Economics of Trading: Why Industrial Firms, Pension Funds, and Mutual Funds do Not Trade More Actively?

Antti Belt², Antti Kaskela², Matti Suominen¹

1: Aalto University School of Business, Finland; 2: Boston Consulting Group

Discussant: Elias Ohneberg (ESCP Business School)

Babies, Quitters, and Experienced Returns: The Behavioral Benefit of Target Date Funds

Nick Bollen, Eric VanEpps

Vanderbilt University, United States of America

Discussant: Paul Karehnke (ESCP Business School, Paris)

Contract Evaluation Horizon and Fund Performance

Jung Hoon Lee¹, Jayoung Nam³, Veronika Pool², Feng Zhanag³

1: Office of Financial Research (OFR), US Treasury, United States of America; 2: Vanderbilt University; 3: Southern Methodist University

Discussant: Vincent Tena (Université Paris Dauphine-PSL)

Race, Gender, and Careers in Asset Management: Evidence from U.S. Administrative Data

John Bai¹, Linlin Ma², Kevin Mullally³, Aisulu Munkina⁴, Yuehua Tang⁴

1: Northeastern University; 2: Peking University HSBC Business School; 3: University of Central Florida; 4: University of Florida

Discussant: Edith Ginglinger (Université Paris Dauphine-PSL)

Have diversity effects failed in the asset management? Evidence from the Hedge Fund Industry

Juha Joenväärä¹, Greg Brown², Christian Lundblad², Mikko Kauppila¹

1: Aalto University, Finland; 2: University of North Carolina, Chapel Hill

Discussant: Catherine Casamatta (Toulouse School of Economics)

Tilting at Windmills: Biased Benchmarks and the Risk-Taking Response of Mutual Funds

Richard Evans¹, Hugh Kim², Thomas Maurer³

1: University of Virginia, USA; 2: Wilfrid Laurier University, Canada; 3: University of Hong Kong, China

Discussant: Christian Gourieroux (University of Toronto, Toulouse School of Economics)

Partisan Hedge Funds

Zilin Chen¹, Dashan Huang², Lin Sun³, Melvyn Teo²

1: Southwestern University of Finance and Economics; 2: Singapore Management University; 3: Fudan University

Discussant: Juha Joenväärä (Aalto University)

Credit Supply and Hedge Fund Performance: Evidence from Prime Broker Surveys

Lubomir Petrasek, Phillip Monin, Dan Li

Federal Reserve Board of Governors, United States of America

Discussant: René Garcia (Université de Montréal)