2018 Conference Agenda

FINANCIAL MARKETS, VOLATILITY, AND CRISES: A DECADE LATER
FRIDAY, SEPTEMBER 14, 2018

Welcome Remarks
Christopher Geczy, Academic Director, Jacobs Levy Center, The Wharton School
Geoffrey Garrett, Dean, The Wharton School
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management; Chair of the Advisory Board, Jacobs Levy Center
Geczy Remarks │Jacobs Remarks

ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting?
Presenter:
Richard Evans, Associate Professor of Business Administration, University of Virginia Darden School of Business
Discussant: 
Adam Reed, Professor of Finance and Julian Price Distinguished Scholar of Finance, UNC Kenan-Flagler Business School
PaperEvans PresentationReed Presentation

Keynote Presentation: Are Stocks Too High? A Historical Perspective
Introductory Remarks:
Christopher Geczy, Academic Director, Jacobs Levy Center, The Wharton School
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management; Chair of the Advisory Board, Jacobs Levy Center
Kenneth Levy, Principal and Co-Founder, Jacobs Levy Equity Management
Jacobs and Levy Remarks
Presenters:
Robert Shiller, Sterling Professor of Economics, Yale University
Jeremy Siegel, Russell E. Palmer Professor of Finance, The Wharton School
Shiller Presentation │ Siegel Presentation

Special Presentation: 2017 Jacobs Levy Center Research Paper Prizes
Christopher Geczy, Academic Director, Jacobs Levy Center, The Wharton School
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management
Kenneth Levy, Principal and Co-Founder, Jacobs Levy Equity Management

Panel Discussion
Impact of Financial Crises: Past, Present, and Future
Introductory Remarks:
Michael Gibbons, Deputy Dean, The Wharton School
Panelists:
Vineer Bhansali, Founder and CIO, LongTail Alpha (former Managing Director and Head, Quantitative Portfolios Team, PIMCO)
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management
Richard Lindsey, Co-Head of Liquid Alternatives, Windham Capital Management (former Director of Market Regulation and Chief Economist, SEC)
Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance, Tepper School of Business at Carnegie Mellon University (former Chief Economist and Director, Office of Economic Analysis, SEC)
Moderator:
Richard Herring, Jacob Safra Professor of International Banking, The Wharton School

Dynamic Interpretation of Emerging Risks in the Financial Sector
Presenter:
Kathleen Weiss Hanley, Bolton-Perella Chair in Finance, Lehigh University (former Deputy Chief Economist, SEC)
Discussant:
Paul Glasserman, Jack R. Anderson Professor of Business, Columbia Business School
PaperHanley PresentationGlasserman Presentation

Bubbles for Fama
Presenter:
Robin Greenwood, George Gund Professor of Finance and Banking, Harvard Business School
Discussant: 
Matthew Richardson, Charles E. Simon Professor of Applied Economics and Professor of Finance, Leonard N. Stern School of Business, New York University
PaperGreenwood Presentation │ Richardson Presentation

Closing Remarks
Christopher Geczy, Academic Director, Jacobs Levy Center, The Wharton School

Event Sponsors

The Jacobs Levy Center thanks this year’s conference sponsors for their added support.