Bernd Scherer, Ph.D., Dipl.-oec, M.Sc. EDUCATION

Curriculum Vitae (March 2013)
Bernd Scherer, Ph.D., Dipl.-oec, M.Sc.
Phone : +43 664 9688030
Email : [email protected]
EDUCATION
November 1985
August 1990
Universität Augsburg. Diplom-Ökonom (“sehr gut”).
October 1990
July 1991
University of London, Queen Mary College. Master of Science.
September 1991
December 1993
Universität Gießen. Wissenschaftlicher Mitarbeiter.
Ph.D. (Summa Cum Laude) supervised by Prof. Dr. J.P. Krahnen.
PROFESSIONAL EXPERIENCE
July 2011
Present
FTC Capital, Vienna
Chief Investment Officer for a Vienna based CTA, Global Macro Fund
managing a team of 10 investment professional in Research,
Quantitative IT and Trading. Responsibility for design, implementation
and trading of trend following strategies (intraday models, limit order
driven models, long term models)
January 2010
June 2011
EDHEC Business School, London
Full Time Professor and European Academic Director for the MSC in
Risk and Asset Management. Research Focus on Quantitative
Strategies, Risk Management, Real Assets and Sovereign Wealth
Funds. Extensive Teaching in EDHEC Executive Programmes in London
and Singapore.
January 2007
November 2009
Morgan Stanley, London
Managing Director and Global Head of Quantitative GTAA.
Development of Morgan Stanley’s quantitative long short GTAA
product capability. Research and implementation of trading strategies
for FX, interest rates, equities. Management of 9 investment
professionals.
October 2005
December 2006
Deutsche Asset Management, New York
Global Head of Quantitative Research and Portfolio Engineering Global
coordination and representation of DeAM’s quantitative research
activities. Responsibility for Risk Management of Overlay Products.
Management of two teams with a total of 9 investment professionals.
January 2001
September 2005
Deutsche Asset Management, Frankfurt
Director. Head of Investment Solutions and Overlay Management.
Development of client solutions using GTAA and derivative products.
Asset liability management advice for pension plans. Management of
GTAA and portfolio insurance products. Responsibility for 5
investment professionals.
March 1999
December 2000
SCHRODERS Investment Management, London
Assistant Director. Global head of fixed income portfolio research.
Build global quantitative research team. Develop risk management
platform for global bond products. Build optimization and portfolio
construction platform. Research into fixed income macro strategies.
April 1998
February 1999
J.P. Morgan Investment Management, Frankfurt
Vice President. Client portfolio manager (CPM) for active equity and
balanced products. Pursued client driven research/consulting projects.
January 1995
March 1998
Sal. OPPENHEIM Asset Management, Köln
Quantitative Analyst. Development of TAA Models and structured fund
products.
January 1991
December 1994
MORGAN STANLEY, London
Analyst. Fixed income trading of cash and derivative products.
September 1991
December 1993
Universität Gießen
Lecturer in Finance. Research projects with major asset management
firms, supervision of Master students, teaching responsibilities
TEACHING EXPERIENCE
January 2010
Present
EDHEC Business School
Courses taught: Research Methods, Mathematical Foundations of
Finance, Risk Management, International Finance, Portfolio
Optimization, Asset-Liability Management.
Spring 2010
WHU Koblenz, Lectures on Portfolio Management
Spring 2009
WHU Koblenz, Lectures on Portfolio Management
Winter 2008
Birkbeck College (University of London), Lectures on Risk
2
Management
Winter 2007
Birkbeck College (University of London), Lectures on Portfolio
Construction and Bayesian Methods in Asset Management
Winter 2006/2007
European Business School, Asset Liability Management
Summer 2006
Columbia University, Lectures on Portfolio Optimization
Winter 2005/2006
European Business School, Asset Liability Management
Summer 2004/2005 Universität Augsburg, Bond Management
PROGRAMMING LANGUAGES
•
•
•
•
•
S-plus
R
Mathematica
Rats
Matlab
PUBLICATIONS
REFEREED ARTICLES
•
B. Scherer (1994), Timing deutscher Investmentfonds, Journal of
Economics and Statistics, 213/2, p.187-208
•
B. Scherer (1994), Adverse Selektion in Versicherungsmärkten, in: WIST,
Heft 4, p.201-205
•
Ebertz T. and B. Scherer (1998), A Simple Model for Lifetime Asset
Allocation, in: Journal of Wealth Management , Summer 1998,
v1n2, p. 27-30
•
B. Scherer (1999), Cost Averaging - Fact or Fiction, in: Journal of Wealth
Management, Winter 1999, v1n3, p. 18-21
•
B. Scherer (2000), Preparing the Best Risk Budget, in: Risk, December, p.
30-33
•
B. Scherer (2001), A Note on Tracking Error Funding Assumptions, in:
Journal of Asset Management, v2, p. 235-240
•
B. Scherer (2001), Core Satellite Investing: Harmony Through Seperation,
in: Risk, v14, p. 21-25
3
•
B. Scherer (2002), Portfolio Resampling: Review and Critique, in: Financial
Analysts Journal, v45n6, p. 98-108
•
B. Scherer (2002), Harmonie durch Seperation, in: Deutsches Risk, März,
p. 52-56
•
B. Scherer and Thomas E. (2003), Cost Averaging: An Expensive Strategy
for Maximizing Terminal Wealth, in: Financial Markets and
Portfoliomanagement, v17n2, p. 186-193
•
B. Scherer (2004), An Alternative Route To Performance Hypothesis
Testing, in: Journal of Asset Management, v5n1, p. 5-12
•
B. Scherer (2004), Hedging of Corporate Pension Liabilities, in: Risk,
August, p. 86-90
•
B. Scherer (2004), Resampled Efficiency and Portfolio Choice, in:
Financial Markets and Portfoliomanagement, v18, p. 382-97
•
B. Scherer (2004), Absicherung von Pensionsverbindlichkeiten, in:
Deutsches Risk, Winter, p. 44-48
•
B. Scherer (2005). Theorie der Unternehmung versus Portfoliotheorie, in:
Zeitschrift für betriebliche Altersvorsorge, März, p. 150-52
•
B. Scherer (2006), The Corporate View, in: Life & Pensions, February, p.
34-39
•
B. Scherer (2006), Inflation Hedging, in: Life & Pensions, June, p. 39-43
•
B. Scherer, Colm O-Cinneide and Xiaodong Xu (2006), Ensuring Fairness
When Pooling Trades, in: Journal of Portfolio Management, Vol 32, No.
4, Summer , p. 33-43
•
B. Scherer (2006), Resampled Efficiency: Out of Sample Evidence, Journal
of Asset Management, v7n3/4, p. 170–178
•
B. Scherer (2007), Can Robust Optimization Build Better Portfolios?, Journal
of Asset Management, v7, p. 374-387
•
B. Scherer, X. Xu (2007), Performance based Fees and Risk Shifting with
knockout barrier, Journal of Investment Management, v5n3, p. 1–18
•
B. Scherer, X. Xu (2007), The Impact of Constraints On Value Added,
Journal of Portfolio Management, v31n2, Summer, p. 45-54
•
B. Scherer and A. Gintschel (2008), Optimal Asset Allocation For
Sovereign Wealth Funds, Journal of Asset Management, v9n3, p. 215-
4
•
B. Scherer and S. Kessler (2009), Varying Risk Premia in International Bond
Markets, Journal of Banking and Finance, v33n8, p. 1351-1376
•
B. Scherer (2009), A Note on Portfolio Choice For Sovereign Wealth Funds, Financial
Markets and Portfolio Management, Volume 23, Number 3, p. 315-327
•
B. Scherer (2010), A Note on Asset Management and Market Risk, Financial Markets
and Portfolio Management, v24n3, p. 309-320
•
B. Scherer, S. Kessler and D. Judice (2010), Price Reversals in Global Equity Markets,
Journal of Asset Management, v11, p. 332-345
•
B. Scherer (2010), Should Asset Managers Hedge Their Fees At Risk?,
Journal of Applied Corporate Finance, v22n4, p. 96-102
•
B. Scherer and S. Satchell (2010), Fairness in Trading – A Microeconomic
Interpretation, Journal of Trading, v5n1, pp 40–47
•
B. Scherer (2010), Portfolio Choice For Oil Based Sovereign Wealth Funds, Journal of
Alternative Investments, Winter, v13n3, p.24-34
•
Hong J., Knight J., Satchell S. and B. Scherer (2010), Using approximate results for
validating value-at-risk, Journal of Risk Model Validation, v4n3, pp 1-8
•
B. Scherer (2011) Buy Side Risk Management, Journal of Asset Management, v12,
p.225-234
•
B. Scherer and S. Kessler (2010), Hedge fund return sensitivity to global liquidity,
Journal of Financial Markets, v14n2, p. 301-322
•
B. Scherer (2010), Macroeconomic Risk Management for Oil Stabilization Funds in
GCC Countries, Banques & Marchés, n109, p. 56-60
•
B. Scherer and S. Satchell (2011), Managing the Risk of Hedge Fund Outflows, Journal
of Alternative Investments, Fall, v14n2, p. 18-23
•
B. Scherer (2011), A Note On the Performance of the Minimum Variance Portfolio,
Journal of Empirical Finance, v18n4, p.652-660
•
B. Scherer (2011), Market Risks in Asset Management Companies, Quantitative
Finance,v12n10, p. 1547-1556
•
B.Scherer (2012), Asset Allocation With Shadow Assets, The Journal of Wealth
Management, v15n3, p. 30-35
•
B. Scherer B. (2012), Risk parity in US futures markets, Journal of Asset Management,
v13n5, p.155–161
5
• Bernd Scherer (2013), Greed can be dangerous to your Sharpe, Journal of Asset
Management, v13n6, p. 369-372
•
B. Scherer (2013), Synchronize Your Data, Or Get Out Of Step With Your Risks, Journal
of Derivatives, v20n3, pp. 75–84.
•
B. Scherer (2013), Frictional Costs Of Diversification, Journal of Portfolio
Management, forthcoming
•
B. Scherer (2013), Optimal Number of Hedge Funds in A Fund of Funds, Journal of
Hedge Funds and Derivatives, forthcoming
OTHER ARTICLES
•
B. Scherer (1995), Konvexitätstrategien am Rentenmarkt, in: Die Bank, Heft 10, p.
622-25
•
B. Scherer und T. Ebertz (1998), Cost Averaging: Fakt oder Fiktion, in: Die Bank, Heft
2, p. 84-87
•
B. Scherer und T. Ebertz (1998), Cost Averaging versus Einmalanlage, in: Die Bank,
Heft 7, p. 448
•
B. Scherer (2003), Portfolio Insurance: What Practitioners Need To Know, in: IPE,
October, p.12-14
•
B. Scherer (2004), What Practitioners Need To Know About Pension Liabilities, in:
European Pension News, 8. November 2004
•
B. Scherer (2005), Liability Benchmarking. in: Deutsche Pension News, Juli 2005, p.
15-17
•
B. Scherer (2010), Synchronize your data or get out of step with your risks, EDHEC
Risk Newsletter
•
B. Scherer (2010), Vermögensrisiken, Elite Report
•
B. Scherer, B. Balachander, R. Falk and B. Yen, “Introducing Capital IQ’s Fundamental
US Equity Risk Models”, July 2010
•
B. Scherer, B. Balachander, R. Falk and B. Yen, “Introducing Capital IQ’s Fundamental
Global Equity Risk Models”, July 2010
•
B. Scherer (2013), Irrtümer im Asset Management, Deutsche Pension News,
forthcoming
6
BOOK CONTRIBUTIONS
•
Ebertz T. and B. Scherer (1998), Das Rahmenwerk des aktiven
Portfoliomanagements, in: Kleeberg/Rehkugler, Handbuch Portfoliomanagement,
Uhlenbruch Verlag, Bad Soden
•
B. Scherer (2000), Einfluss der Investmentrichtlinien auf die Performance von
Spezialfonds, in: Kleeberg/Rehkugler, Handbuch Spezialfonds, Uhlenbruch Verlag,
Bad Soden
•
B. Scherer (2002), Time Variable Investment Opportunities, in: Kleeberg/Rehkugler,
Handbuch Portfoliomanagement, 2nd edition, Uhlenbruch Verlag,
•
B. Scherer (2002), Das Markowitz Kalkül und seine Erweiterungen, in:
Investmentmodelle für das Asset Liability Modelling von Versicherungsunternehmen,
Verlag Versicherungswirtschaft, Karlsruhe
•
B. Scherer (2002), Überlegungen zum Aufbau einer Datenbank zur Modellierung der
Marktrisiken von Versicherungsanlagen, in: Investmentmodelle für das Asset Liability
Modelling von Versicherungsunternehmen, Verlag Versicherungswirtschaft,
Karlsruhe
•
B. Scherer (2002), Das Konzept der Resampled Efficiency, in: Handbuch Asset
Allokation, p. 319-336, Uhlenbruch Verlag B. Scherer (2002), Der Core Satellite
Ansatz, in: J. Coche and O. Stotz, Asset Allocation, Deutscher Wirtschaftsdienst, p.
83-101
•
B. Scherer and T. Jasper (2003), Approximating Corporate Liabilities, in: B. Scherer,
ALM Tools, p. 91-103, Riskwaters: London
•
B. Scherer (2003), Rethinking Asset Management: Lessons from the Pension Crises,
in: Boom and Bust, EAMA, London
•
B. Scherer and A. Gintschel (2004), Currency Reserve Management by Dual
Benchmark Optimization, in: F. Diebold et al, Risk Management For Central Bank
Foreign Reserves, p.137-150, European Central Bank
•
B. Scherer and A. Gintschel (2005), Erfolgskriterien Makro Hedge Fonds, Handbuch
Hedge Fonds, p. 403-419, Uhlenbruch Verlag,
•
B. Scherer (2005), Commodities as an Asset Class: Testing for Mean Variance
Spanning under Arbitrary Constraints, in: An Investors Guide to Commodities,
Deutsche Bank, p. 35-42
•
B. Scherer and Li He (2007), Commodities as an Asset Class, in: Fabozzi et al.,
Handbook of Commodities Investing, chapter 10, p.241-265
7
•
B. Scherer (2008), Currency Overlays, in: Fabozzi et al., Handbook of Finance, v2,
p.177-186
•
B. Scherer (2008), The Crack Spread, in: Gregoriou G. et al, Encyclopedia of
Alternative Investments, Chapman & Hall
•
B. Scherer (2008), Trend Follower, in: Gregoriou G. et al, Encyclopedia of Alternative
Investments, Chapman & Hall
•
B. Scherer (2008), Hedge Fund Replication, in: Gregoriou G. et al, Encyclopedia of
Alternative Investments, Chapman & Hall
•
B. Scherer (2008), Weather Premium, in: Gregoriou G. et al, Encyclopedia of
Alternative Investments, Chapman & Hall
•
B. Scherer (2008), Statistical Arbitrage, in: Gregoriou G. et al, Encyclopedia of
Alternative Investments, Chapman & Hall
•
B. Scherer (2009), Value at Risk Based Stop Loss Strategies, in: Gregoriou G. et al,
Handbook of Value at Risk, p. 187-204, McGraw Hill
•
B. Scherer (2010), The Theory of SAA for Sovereign Wealth Funds, in: Berkelaar A.,
Coche J. and K.Nyholm (eds), Central Bank Reserves and Sovereign Wealth
Management
•
B. Scherer (2010), Porfolio Choice For Sovereign WealthFunds, in: Berkelaar A., Coche
J. and K.Nyholm (eds), Central Bank Reserves and Sovereign Wealth Management
•
B. Scherer (2009), More Than You Ever Wanted To Know About Conditional Value at
Risk – Optimization, in: S. Satchell (ed), Optimizing the Optimizers, Elsevier
•
B. Scherer (2012), Asset Management Incentives, in B. Scherer and K. Winston (eds),
Handbook of Quantitative Asset Management, Oxford University Press
•
B. Scherer (2013), Divorce Risk And Optimal Asset Allocation, in S. Satchell (ed),
Quantitative Private Wealth Management, Elsevier
BOOKS
•
B. Scherer (1993), Timing Deutscher Investmentfonds, unveröffentlichte Dissertation,
Universität Gießen
•
B. Scherer (2002), Portfolio Construction and Risk Budgeting, Riskwaters: London
•
B. Scherer (2003, Editor), ALM Tools, Riskwaters: London
8
•
B. Scherer (2004), Portfolio Construction and Risk Budgeting, 2nd extended edition,
Riskwaters: London
•
B. Scherer and D. Martin (2005), Portfolio Optimization using Nuopt for S-plus,
Springer: New York
•
B. Scherer (2005), Liability Hedging and Portfolio Choice, Riskwaters: London
•
B. Scherer (2006), Portfolio Construction and Risk Budgeting, 3rd extended edition,
Riskwaters: London
•
B. Scherer, (2008), Portfolio Management, Risk: London
•
B. Scherer (2010), Portfolio Construction and Risk Budgeting, 4th extended edition,
Riskwaters: London
•
B. Scherer, (2012), Optimization using Nuopt for S-plus, Springer: New York, 2nd
extended edition, forthcoming
•
B. Scherer, K. Winston (2012), Handbook of Quantitative Fund Management, Oxford
University Press, forthcoming
INTERVIEWS
•
B. Scherer, Gebühren haben Signalwirkung, Portfolio Institutionell, Mai 2005
•
B. Scherer, Verzahnung von Assets und Liabilities, Portfolio Institutionell, April 2006
•
B. Scherer, Portfolio construction, in: Wilmott, August 2007
•
B. Scherer, CFA Society (8th of February 2010), Asset Management for Sovereign
Wealth Funds
•
B. Scherer, CFA Society (4th of November 2010), Fees at Risk
•
B. Scherer, Financial Times (15th of March, 2010), Take the risks you have control
over
•
B. Scherer, Handelsblatt (16th of June, 2010), Schützt Euer Geld vor dem Staat, in:
Handelsblatt
•
B. Scherer, Fees at Risk, Pension and Investment (1st of November 2010, p1)
•
B. Scherer, Shadow Assets (25th of July 2011), Pension and Investment
•
B. Scherer (26th of March 2013), Der Staat zwingt zum Kauf seiner Anleihen, in:
Handelsblatt
9
PRESS CONTRIBUTIONS
•
B. Scherer, Financial Times (15th of March, 2010), Take the risks you have control
over.
•
B. Scherer, Financial Times (20th of May 2012), What Quants Can Learn From the AXA
Rosenberg Case.
BOOK REVIEWS
•
Jansen B. und B. Rudoph (1992), Der Deutsche Aktienindex DAX: Konstruktion und
Anwendungsmöglichkeiten, Fritz Knapp Verlag, in: ZFBF, Heft 7/8, p 680
•
Golub B. und L. Tilman (2000), Risk Management: Approaches for Fixed Income
Markets, Wiley, in: Risk, January 2002
CONFERENCES AND SEMINARS CONTRIBUTIONS
•
Risk, Europe, 23-24 April 2002 in Paris, Estimation Error And Portfolio Choice.
•
European Investment Review, 30. September, 2002 in London, Portfolio Resampling.
•
European Investment Review and CFS, 20. März, 2003 in Frankfurt, Financial
Economists View on Pension Fund Asset Allocation.
•
6te Jahrestagung Portfoliomanagement 12. May, 2003 in Frankfurt, Fair Value: A
Financial Economists View.
•
Inquire UK, 21-23 September, 2003 in Cambridge Pitfalls in Portfolio Resampling.
•
17th Annual Investment Conference, UBS, 15. September, 2003 in Cambridge:
Portfolio Optimisation with Arbitrary Return Distributions.
•
Insightful User Conference, 30. März, 2004 in New York Financial Optimization.
•
Insightful User Conference 4. November 2004 in Frankfurt, Financial Optimization.
•
Marcus Evans, Corporate Pension Liability Management,10-11. Februar, 2005 in
London, Corporate Finance versus Portfolio Theory.
10
•
8te Jahrestagung Portfoliomanagement, 7. Juni 2005 in Frankfurt Performance Based
Fees And Incentives.
•
Extending the Frontier of the Fixed Income Market, 21 September 2005, Corporate
finance versus portfolio theory?
•
Insightful, 29.-30. April, 2005 in New York, Portfoliooptimierung.
•
Risk Europe, 1. November 2005 in London, Liability Benchmarks and Credit Risk.
•
Society of Quantitative Analysts, 11. November 2005 in New York, Multiple Account
Optimization.
•
Europan Quant Association, 23. November 2005 in London, Multiple Account
Optimization.
•
CFR Kolloquium Asset Management, 27. Januar 2006 in Cologne, Fundierung von
Pensionszusagen (mit A. Gintschel).
•
Institutional Investor, San Francisco, 17. März 2006, Measuring investment capacity.
•
Annual Conference of the Society of Actuaries, New York, 21. März 2006, How
Different is Robust Optimization?
•
Financial Engineering Conference, University of Florida, 23. März 2006, How
Different is Robust Optimization?
•
Canada Alternative Investment Roundtable, 1-2 June 2006 in Toronto, Do you know
what constraints can do to your portfolio?
•
VI International conference: Asset returns and firm policies, Cattolica Assicuracioni,
29th of June 2006 in Verona, Pension liabilities and corporate risk management.
•
PRMIA conference on the pension crisis, New York, 8th of August, Integrating
pension plans into corporate risk management.
•
Equity Derivatives and Structured Products, Risk Training 2006, New York, 21st-22nd
September, Portfolio Optimization under the P and Q measure.
•
Workshop: Pension Fund Investment World, Germany 2006, Frankfurt, 12th
December, ALM – Portfolio Theory versus Theory of the Firm.
•
10te Jahrestagung Portfoliomanagement (Uhlenbruch Verlag), Frankfurt 8th-9th
May, The search for a better beta: Is there value in new index designs?
•
2nd Conference Advances in the Analysis of Hedge Fund Strategies, Imperial College,
13th December 2007 in London, Making Money from Macro Finance (joint paper
with Stephan Kessler).
11
•
Santa Fe Institute Forum on Risk, 16th October 2008 in New York, The Evolution of
Risk Measures - Theoretical Review and Application to the Credit Crunch.
•
EDHEC First Advance in Asset Allocation, London 17th of March 2008, Portfolio
construction and Risk Budgeting
•
Trends in Asset Management, CFA Swiss Society, Zurich, 11th of September 2008,
Value at Risk based Stop Loss Strategies
•
London Quant Group Annual Conference, Cambridge, 8th of September 2008, Recent
Advances in Portfolio Optimization
•
Joint BIS/ECB/World Bank Public Investors Conference on Strategic Asset Allocation
for Central Banks & Sovereign Wealth Funds, 24th November 2008 in Frankfurt,
Theory of Optimal Asset Allocation for Sovereign Wealth Funds.
•
IMF Conference in Washington DC, 19th February 2009, Theory of AA for Sovereign
Wealth Funds.
•
Northfields Annual Research Conference, 3rd of June 2009 in Venice, Fairness in
Trading
•
EFMA Conference in Milan, 24th of June 2009, Should Asset Managers Hedge Their
Fees at Risk?
•
Northfields Annual Research Conference, 3rd of June in Venice, Fairness in Trading
•
London Quant Group Conference in Cambridge, “Who should hedge fees at risk?”;
15th of September 2009
•
Q Group Conference in Key Largo,” Asset Allocation for Resource Based Sovereign
Wealth Funds”, 22nd of March 2010
•
EDHEC Breakfast Meeting at the Dorchester (13th of April 2010), Fees at Risk
•
London Quant Group Evening Seminar at FACTSET (13th of April 2010), Building A
Short Term Risk Model
•
London Quant Group Conference at Imperial College London (17th of May 2010), Fat
Tails and the BLACK/LITTERMAN – Model (joint work with Doug Martin and Jarrod
Wilcox)
•
London Quant Group Evening Seminar (2nd of March 2010), Hedge Funds and
Liquidity Risks
•
London Quant Group Evening Seminar (24th of April 2010), Hedge Funds and
Liquidity Risks
12
•
EDHEC Risk Alternative Investment Days in London (8th of June 2010), Fat Tails and
the BLACK/LITTERMAN – Model (joint work with Doug Martin and Jarrod Wilcox)
•
13te Jahrestagung Portfolio Management in Frankfurt (8th of June 2010), What
Practitioners Need to Know About Risk Measures
•
13te Jahrestagung Portfolio Management in Frankfurt (9th of June 2010), Panel
Discussion with Andrew Lo and Bill Fung, The Future of Asset Management
•
State Street European Quant Forum in London (17th of June 2010), Fees at Risk
•
Sovereign Wealth Fund Meeting in Baku (8th of July 2010), Resource Based Sovereign
Wealth Funds
•
Northfield Annual Research Conference, Colorado Springs (1st of September 2010),
Explaining the Minimum Variance Portfolio
•
Citi Global Quant Conference, Barcelona (16th of September 2010), Explaining the
Minimum Variance Portfolio
•
London Quant Group Conference, Cambridge (14th of September 2010), Explaining
the Minimum Variance Portfolio
•
World Commodities, London (6th of October), Commodities for Pension Funds
•
Q Group Meeting in Scotsdale (18th of October 2010), Asset Management for
Sovereign Wealth Funds
•
1tes DVFA Risk Management Symposium in Frankfurt (23. November 2010), Fees at
Risk
•
5th Imperial College Hedge Fund Conference, London (9th of December 2010), Macro
Momentum
•
64th Annual CFA Conference in Edingburgh (10th of May 2011,), Fees at Risk
•
25th London Quant Group Conference in Oxford (14th of September 2011) The Ten
Biggest Myth in Asset Management
•
Morningstar Conference in Wien (15. März 2012), Keynote Speaker: Mythen im
Asset Management.
•
FMA Conference in Istanbul (8. Juni 2012), Liquidity Risk
•
Annual Conference on the Advances in in the Analysis of Hedge Fund Strategies at
the Imperial College, London (12th of December,2012), Discussant
•
16th Jahrestagung Portfolio Management in Frankfurt (4th of June 2013),The Ten
Biggest Myth in Asset Management
13