Research Seminars

What is to be a responsible Pension Fund? An institutional approach of the duty of prudence.

Speaker: Sabine MONTAGNE
Université Paris-Dauphine

26 April 2012 - Room H004 - From 2:00pm to 4:00pm

American pension funds, and more generally employee benefits schemes, are financial devices designed to provide for social benefits. Because of this purpose, their investment policies are influenced by several logics. Although they have been managed by financial professionals (asset managers) since the 1960s they are still largely controlled by employers. They are not directly supervised by securities laws and the SEC but by a federal statute (ERISA) and the Department of Labor since the 1970s. Last but not least, they have inherited certain form of economic organization from the Trust.
I analyse this plurality of influences by developing an institutional approach which mixes historical, legal and socio-economic studies. Firstly, considering pension funds as an institution, I focus on their legal form, the Trust, and analyse its protective tradition. Secondly, I recount the history of pension funds in the XXth century and I wonder how their altered features have borrowed from this tradition. Thirdly, I recount the recent history of the prudent investment standard since the 1970s.

Finance

Speaker: Xavier Gabaix

13 June 2019 - T104 - From 2:00 pm to 3:15 pm


Finance

Speaker: Adriano Rampini

23 May 2019 - T105 - From 2:00 pm to 3:15 pm


Finance

Speaker: Luke Taylor

16 May 2019 - T105 - From 2:00 pm to 3:15 pm


Finance

Speaker: Jessica Jeffers

18 April 2019 - T104 - From 2:00 pm to 3:15 pm


Finance

Speaker: Emil Verner

4 April 2019 - T104 - From 2:00 pm to 3:15 pm


Finance

Speaker: Niels Gormsen

28 March 2019 - T104 - From 2:00 pm to 3:15 pm


Finance

Speaker: Ramona Dagostino

14 March 2019 - T104 - From 2:00 pm to 3:15 pm


title : TBA

Economics & Decision Sciences

Speaker: Harry Di Pei
Northwestern

12 February 2019


title : TBA

Economics & Decision Sciences

Speaker: François Geerolf
UCLA

18 December 2018


title : TBA

Economics & Decision Sciences

Speaker: Marko Tervio
Aalto

13 December 2018



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