Has society benefited from financial innovation over the past three decades? This topic will be debated in depth at the annual Australian conference of the Paul Woolley Centre, October 28-29.

The Paul Woolley Centre for the Study of Capital Market Dysfunctionality, which sponsors research at Australia’s University of Technology Sydney (UTS) as well as the London School of Economics and Toulouse University, will host about 17 international and local academics and investment practitioners to speak over the two-day event at UTS in Ultimo, Sydney.

The big debate, which goes to the core of many of the research projects undertaken by the centre, will include Professor Erik Schlogl of UTS for the affirmative, and Rob Ferguson, former chief executive of Bankers Trust Australia, and Dr Simon Longstaff of the St James Ethics Centre, in the negative.

The debate will continue with several other speakers addressing specific aspects of the topic, including Dr Gordon Menzies and Professor Ron Bird, both of UTS, looking at the costs of market dysfunctionality and funds manager strategies.

Professor Russ Wermers, of the University of Maryland, will speak about money market runs and Dr Dirk Baur, of UTS, will speak about the “financialisation” of the “real” sector, commodity prices and contagion.

The conference is typically of a confrontational nature, questioning the value add from funds managers both to their clients and the markets as a whole.

The invitation-only event normally consists of about 80 attendees, however, market participants can register interest in attending with Yvonne Gray of UTS on:

[email protected]

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