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UID:20251220T000652EST-62133ZB4I4@132.216.98.100
DTSTAMP:20251220T050652Z
DESCRIPTION: \n DESMARAIS GLOBAL FINANCE RESEARCH CENTRE\nNational Bank Sem
 inar Series\n \nFRIDAY\, March 27\, 2015 10:00 AM – 11:30 AM Bronfman Bldg
 .\, Rm. 002\n \nDo Shocks to Personal Wealth Affect\nRisk Taking in Delega
 ted Portfolios?\n \n \nScott E. YonkerJohnson Graduate School of Managemen
 t Cornell University \n \nAll are cordially invited to attend.\nAbstract: 
 \nUsing exogenous wealth shocks stemming from the collapse of the housing 
 market\, we show that managers who experience substantial losses in their 
 home values subsequently reduce the risk in their funds. The decline in fu
 nd risk is seen in total risk\, idiosyncratic risk\, systematic risk\, and
  in tracking error. Our paper provides evidence that the idiosyncratic per
 sonal preferences of mutual fund managers affect their professional decisi
 ons and offers a methodology for testing for manager idiosyncratic style e
 ffects that is not subject to the “selected” style critique of Fee\, Hadlo
 ck\, and Pierce (2013).\n \n\n
DTSTART:20150327T140000Z
DTEND:20150327T153000Z
LOCATION:CA\, PHI Centre & 9I���������\, CA
SUMMARY:Do Shocks to Personal Wealth Affect Risk Taking in Delegated Portfo
 lios?
URL:/channels/event/do-shocks-personal-wealth-affect-r
 isk-taking-delegated-portfolios-243717
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