[VFN] Re: Gutmann Symposium on Capital Market Based Pension Systems - Dec. 1st Vienna

[Gutmann Center Vienna]

	The Gutmann Center for Portfolio Management
		(www.gutmann-center.at)
	at the University of Vienna is pleased to announce the

		GUTMANN SYMPOSIUM ON

		„CAPITAL MARKET BASED PENSION SYSTEMS“

DATE:		DECEMBER 1st, 2003
		8.00 a.m. – 6.00 p.m.

LOCATION:	UNIVERSITY OF VIENNA (Austria)
		Dr. Karl-Lueger-Ring 1, 1010 Wien
		(Kleiner Festsaal)

The reform of pension systems is one of the greatest challenges
for most industrialized countries.  As traditional
“pay-as-you-go”-systems increasingly face budgetary constraints,
capital market based solutions will become crucial. The
internationally recognized speakers at our symposium approach
this hot topic from an academic as well as from a practitioner's
point of view:

·	Lawrence N. BADER
"Funding Corporate Pension Plans"
·	David BLAKE, Pensions Institute, Birkbeck College, University
of London
“PensionMetrics: On the stochastic design of pension plans
during the accumulation & distribution phases”
·	Bill FUNG, London Business School
"Is there sufficient Absolute Return Capacity to meet Absolute
Liabilities of Pension  Funds?"
·	Jeremy GOLD, Wharton School, University of Pennsylvania/
Jeremy Gold Pensions
“Accounting/Actuarial Bias Enables Equity Investment by Defined
Benefit Pension Plans”
·	Kristian R. MILTERSEN, Norwegian School of Economics and
Business Administration
“International Comparison of Interest Rate Guarantees in Life
Insurance”
·	Andrea PRAT, London School of Economics
"Pension Fund Governance and the Choice between Defined Benefit
and Defined Contribution Plans"
·	Christian SCHLAG, Goethe-Universität Frankfurt a.M.
"Money-Back Guarantees in Individual Pension Accounts: Evidence
from the German Pension Reform"

The sessions will be discussed and chaired by members of the
Academic Advisory Board:
·	Elroy Dimson, London Business School
·	Engelbert Dockner, University of Vienna
·	Robert Korajczyk, Northwestern University
·	Klaus Spremann, University St. Gallen
·	Neal Stoughton, University of California, Irvine
·	René M. Stulz, Ohio State University, Fisher
·	Suresh Sundaresan, Columbia University
·	Maria Vassalou, Columbia University
·	Josef Zechner, University of Vienna, Director of the Gutmann
Center for Portfolio Management

The symposium will be followed by a panel discussion  and a
reception.

Participation fee: the participation is free, but all
participants are required to register. Please find further
information about registration, program, papers etc on the
homepage: http://www.gutmann-center.at.
Contact:
gutmann.bwl@univie.ac.at
phone: +43-1-4277-38186
fax:	+43-14277-38074

The Gutmann Center for Portfolio Management is sponsored by Bank
Gutmann AG (www.gutmann.at).
This symposium is presented in cooperation with the Austrian
newspaper "DIE PRESSE" (www.diepresse.com)