Organizing Committee: Anna Cieslak, Nuno Clara, Paymon Khorrami, Mirela Sandulescu, Gill Segal
Location: Formica Classroom, Fuqua School of Business
Dates: March 27–28, 2026
Schedule
Friday, March 27, 2026
| 12:00-1:00pm | Lunch at JB Duke | |
| 1:00-2:30pm | Investment Funds | Chair: Francesco Beraldi |
| Rethinking Mutual Fund Performance: From Traditional Alpha to Achievable Alpha Victor DeMiguel, Alberto Martín-Utrera, and Raman Uppal | Presenter: Alberto Martín-Utrera Discussant: Mihail Velikov | |
| Default Options and Market Power: Evidence from Target-Date Funds Marco Loseto and Hanbin Yang | Presenter: Marco Loseto Discussant: Jason Allen | |
| 2:30-2:45pm | Break | |
| 2:45-5:00pm | Macro-Finance with Heterogeneity | Chair: Ric Colacito |
| Heterogeneous Beliefs, Asset Prices, and Business Cycles Saki Bigio, Dejanir Silva, and Eduardo Zilberman | Presenter: Dejanir Silva Discussant: Harjoat Bhamra | |
| Fiscal Redistribution Risk in Treasury Markets Roberto Gomez-Cram, Howard Kung, Hanno Lustig, and David Zeke | Presenter: Howard Kung Discussant: Moritz Lenel | |
| Rising Risk Among the Rich: Implications for Wealth Inequality and Interest Rates J Carter Braxton, Kyle Herkenhoff, Chengdai Huang, Michael Nattinger, Jonathan Rothbaum, and Lawrence Schmidt | Presenter: Lawrence Schmidt Discussant: Matthieu Gomez | |
| 5:00-5:30pm | Break | |
| 5:30-6:30pm | Keynote Address: Markus Brunnermeier | Chair: S. “Vish” Viswanathan |
| from 7:00pm | Drinks and Conference Dinner |
Saturday, March 28, 2026
| 8:30-10:00am | Corporate Bonds | Chair: Gill Segal |
| Sparse Portfolios and Benchmarking in Corporate Bond Markets Zheng Li, Anna Pavlova, and Taisiya Sikorskaya | Presenter: Taisiya Sikorskaya Discussant: Yoshio Nozawa | |
| Pricing of Corporate Bonds: Evidence From a Century-Long Cross-Section Mohammad Ghaderi, Sebastien Plante, Nikolai Roussanov and Sang Byung Seo | Presenter: Sang Byung Seo Discussant: Mirela Sandulescu | |
| 10:00-10:30am | Break | |
| 10:30-12:00pm | Inelastic Markets and Volatility | Chair: Paymon Khorrami |
| (Why) Have Financial Markets Become More Volatile? The Role of Market Index Trading Lars Lochstoer and Tyler Muir | Presenter: Lars Lochstoer Discussant: John Shim | |
| How (Not) to Identify Demand Elasticities in Dynamic Asset Markets Jules van Binsbergen, Benjamin David and Christian Opp | Presenter: Christian Opp Discussant: Carter Davis | |
| 12:00-1:00pm | Lunch at JB Duke | |
| 1:00-2:30pm | Housing Markets | Chair: Nuno Clara |
| House Prices Under Rising Seas: Measuring Deep Uncertainty in Theory and Evidence Michael Barnett, Jacob Dice, Toan Phan, David Rodziewicz, and Constantine Yannelis | Presenter: Michael Barnett Discussant: Stefano Giglio | |
| Pricing Residential Mortgage Credit Risk in the Post-GFC Era Agostino Capponi, Stijn Van Nieuwerburgh, and Xinkai Wu | Presenter: Agostino Capponi Discussant: Thomas Flanagan |