The JOIM Conference Series (founded in 2006) extends the mandate of the Journal Of Investment Management (JOIM) publication of bridging the theory and practice of investment management. Whereas the JOIM publication is a rigorous peer reviewed publication, the JOIM Conference Series showcases very high quality presentations and a platform for interactive discussions of current topics in the investment management arena. Prevalent throughout both activities is the highest quality material suitable for the academic, practitioner and student.
Climate Change & Retirement Investing
Hybrid Conference / May 23 – 24, 2022
Santa Clara University campus
Charney Hall, Room 106 (first floor)
500 El Camino Real, Santa Clara, CA 95053
co-hosted with Leavey School of Business, Santa Clara University
We will be exploring the practical research associated with two themes, Climate Change and Retirement Investing. The coverage will include actionable insights of these important topics by leading experts from these specialty areas with physical and virtual attendance available.
Program / Agenda (click here)
Hersh Shefrin, Santa Clara University, Keynote Presenter
Fear, Hope, and Bias in the Judgments and Decisions About Climate Change
Guido Giese, MSCI
Strategic Approaches to Net-zero Investing and Their Real World Impact
Joshua Kazdin, BlackRock
Extreme Weather and Retirement Savings
Lionel Martellini, EDHEC Business School / EDHEC-Risk Institute
Introducing the Retirement Bond – The New Risk-Free Asset in Decumulation Investing
- Introducing the retirement bond – Design and replication challenges in decumulation
- Benefits of retirement bonds in retirement planning – Maximally moderate withdrawal strategies
- Benefits of retirement bonds in retirement investing – Efficient goal-based decumulation strategies
Jonathan A. Parker, MIT Sloan School of Management
Household Portfolios and Retirement Saving over the Life Cycle
Deep Srivastav, Franklin Templeton; Anand Radhakrishnan, Franklin Templeton and Dan Ostrov, Santa Clara University
Goals, Death, and Taxes: New Frontiers in Retirement Optimization
Nicholas Savoulides, Invesco
Multi-Period Portfolio Selection: A Practical Simulation-Based Framework
In this presentation, we propose three key requisites for practical multi-period portfolio selection solutions that highlight the central challenges of managing portfolios across a multiperiod
investment horizon: effective duration management, incorporating real-world asset dynamics, and considering investment frictions and illiquidities. Based on these criteria, we detail an analytical framework for multi-period portfolio selection that provides intuition and yields guiding principles that describe how allocations and duration should evolve across a multi-period investment horizon, given specific investor objectives.
We then introduce a practical simulation-based portfolio selection (SBPS) framework and present solutions for common investor objectives that are not only aligned with intuitive principles but also demonstrate the flexibility afforded by SBPS in allowing us to address the three stated requisites for practical multi-period solutions.
Authors: Kenneth Blay, Anish Ghosh, Steven Kusiak, Harry Markowitz, Nicholas Savoulides and Qi Zheng
Risk Managers, Portfolio Managers, Pension Managers, Plan Sponsors, Endowments, Senior Executives of Financial Firms and Academics would all benefit from attending.