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EDHEC-Risk Institute and CACEIS launch new research chair on risk assessment and performance reporting
CACEIS and EDHEC-Risk Institute have announced the creation of a new research chair at EDHEC-Risk Institute entitled “New Frontiers in Risk Assessment and Performance Reporting.” This new three-year chair will follow on from the previous CACEIS research chair at EDHEC-Risk Institute on “Risk and Regulation in the European Fund Management Industry.”
Led by Professor Noël Amenc, Director of EDHEC-Risk Institute, and Professor Lionel Martellini, Scientific Director of EDHEC-Risk Institute, the research chair team will examine new advances in risk measurement and reporting. The goal is to explore, for the benefit of institutional investors and asset managers, both new concepts and innovative applications of concepts that are popular in the investment world.
The chair will therefore focus on two major ideas:
• The consequences for the reporting of both institutional investors and asset managers of the change in conceptual paradigm from asset allocation to risk allocation, increasingly present within institutional investment and asset management, which is leading to a focus no longer on categories of assets but on categories of risk.
• An improvement in extreme risk measures and reporting for funds and institutional investment management.
Jean-Marc Eyssautier, Chief Risk and Compliance Officer for CACEIS Group and member of the CACEIS Executive Committee, said, “CACEIS is delighted to support a new chair at EDHEC-Risk Institute on “New Frontiers in Risk Assessment and Performance Reporting.” We believe that this work will result in another step forward for our business as it is at the crossroads of the needs of our clients (which are constantly growing due to regulatory changes) and the services a major Custody and Depositary player should be able to offer the asset management industry.”
Professor Noël Amenc, Director of EDHEC-Risk Institute, said, “With the support of CACEIS, we very much look forward to advancing research in the different areas covered by this new research chair – improved risk reporting, by shifting from asset allocation to risk factor allocation; enhanced risk measurement for diversified equity portfolios; and better geographic segmentation for equity investing.”
CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle office outsourcing, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2012).
About EDHEC-Risk Institute
Since 2001, EDHEC Business School has been pursuing an ambitious policy in terms of international research. This policy, known as “Research for Business”, aims to make EDHEC an academic institution of reference for the industry in a small number of areas in which the school has reached critical mass in terms of expertise and research results. Among these areas, asset and risk management have occupied privileged positions, leading to the creation in 2001 of a major research facility: EDHEC-Risk Institute. This institute now boasts a team of 90 permanent professors, engineers and support staff, as well as 48 research associates from the financial industry and affiliate professors.
EDHEC-Risk Institute is located at campuses in Singapore, which was established at the invitation of the Monetary Authority of Singapore (MAS); the City of London in the United Kingdom; Nice and Paris in France; and New York in the United States. The philosophy of the institute is to validate its work by publication in prestigious academic journals, but also to make it available to professionals and to participate in industry debate through its Position Papers, published studies and conferences. Each year, EDHEC-Risk organises three conferences for professionals in order to present the results of its research, one in London (EDHEC-Risk Days Europe), one in Singapore (EDHEC-Risk Days Asia), and one in New York (EDHEC-Risk Days North America) attracting more than 2,500 professional delegates.
To ensure the distribution of its research to the industry, EDHEC-Risk also provides professionals with access to its website, www.edhec-risk.com, which is entirely devoted to international risk and asset management research. The website, which has more than 58,000 regular visitors, is aimed at professionals who wish to benefit from EDHEC-Risk’s analysis and expertise in the area of applied portfolio management research. Its monthly newsletter is distributed to more than 1.5 million readers.
EDHEC-Risk Institute also has highly significant executive education activities for professionals. In partnership with CFA Institute, it has developed advanced seminars based on its research which are available to CFA charterholders and have been taking place since 2008 in New York, Singapore and London. EDHEC-Risk Institute has an original PhD in Finance programme which, in addition to its highly selective residential track for young talents worldwide, has an executive track for high level professionals who already have master’s degrees from prestigious universities and significant industry experience. These professionals are looking to go beyond their usual activities in order to develop research on the concepts that are relevant to their occupation. Complementing the core faculty, this unique PhD in Finance programme has highly prestigious affiliate faculty from universities such as Princeton, Wharton, Oxford, Chicago and CalTech.
In 2012, EDHEC-Risk Institute signed two strategic partnership agreements with the Operations Research and Financial Engineering department of Princeton University to set up a joint research programme in the area of risk and investment management, and with Yale School of Management to set up joint certified executive training courses in North America and Europe in the area of investment management.
Building on its experience in the area of beta analysis and creation, EDHEC-Risk Institute has also created ERI Scientific Beta, which aims to be the leading provider of advanced beta for the investment industry. This initiative is based on all of the research conducted by EDHEC in the area of indices and benchmarks.
EDHEC-Risk Institute EDHEC Risk Institute—Europe EDHEC Risk Institute—Asia
393 promenade des Anglais 10 Fleet Place, Ludgate 1 George Street
BP 3116 - 06202 Nice Cedex 3 London EC4M 7RB #07-02
France United Kingdom Singapore 049145
Tel: +33 493 187 824 Tel: +44 207 871 6740 Tel: +65 6631 8501
EDHEC Risk Institute—North America EDHEC Risk Institute—France
1230 Avenue of the Americas 16-18 rue du 4 septembre
Rockefeller Center - 7th Floor 75002 Paris
New York City - NY 10020 USA France
Tel: +1 212 500 6476 Tel: +33 153 327 630