Join us to hear from Sang Byung Seo, University of Wisconsin.  His presentation is titled, "The Risk and Return of Equity and Credit Index Options".  

Abstract: We develop a structural credit risk model, which allows us to price equity/credit indices and their options through the asset dynamics of index constituents. We estimate the model via MLE and find that equity and credit index option prices are well explained out-of-sample. Contrary to recent empirical findings, the two option markets...

Join us to hear from Matteo Binfare, University of Missouri. His presentation is titled, "Investing with Purpose: Evidence from Private Foundations".  

Abstract: We study the asset allocation, spending behavior, fees, and investment performance of U.S. private foundations. We find that large foundations generate positive risk-adjusted returns of about one percent per year. Larger and more sophisticated foundations perform better and invest more aggressively. Foundations with concentrated stock...

Corina Mommaerts is an Assistant Professor of Economics at the University of Wisconsin - Madison.

Jan Bena is an Associate Professor and Finance Division Chair at the University of British Columbia.