Cash may be king but at what cost?

This year’s conference, on October 1-2, is for invitees only but UTS’s Professor Ron Bird says interested industry practitioners should contact the UTS School of Finance and Economics for details. One of the star presenters this year is the well-known behavioural finance expert Nicholas Barberis, of Yale University, who will speak on ‘Are Markets Efficient and Does it Matter?’

Professor Dimitri Vayonas and Dr Paul Woolley, both of the London School of Economics, will address: ‘An Institutional Theory of Momentum and Reversal’. Woolley, a former funds manager with GMO in London, has provided most of the funding for the Centre. Information, email: Yvonne.Gray@UTS.edu.au

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What I took away from the world’s ‘festival of private capital’

The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what's on the program.

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