2020 Consortium on Asset Management

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24 Feb 2020

08:15 -16:30


Registration for this event is closed.

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Gillespie Centre

Memorial Court, Clare College



United Kingdom

Post event summary

Co-hosted by the Centre for Endowment Asset Management (CEAM) and Financial Management Association (FMA), 2020 Consortium on Asset Management took place on 24 February 2020 at Clare College Cambridge. 

The Consortium brought together academics and practitioners working in the field of asset management. Six new and yet unpublished research papers were presented and discussed.

The European Investment Forum Prize is really important. It’s part of training, or offering opportunities, to early career academics who are coming up through the ranks.

This is an amazing opportunity to collaborate with the world of finance and academics.

This is the first time, after lockdown, I ever attended a conference in person.

It’s a fantastic opportunity to disseminate academic findings among practitioners, in hopes of having a real impact on investment practises.

I think being the only PhD in these four finalists of this research prize is definitely a great honour to me.

We can learn a lot together, by just presenting our findings and learning more from how investors are thinking about addressing the global challenge of climate change at large.

So the ability to combine academic researchers and practitioners is absolutely vital. It gives both the opportunity to engage and exchange ideas.

So it means a lot to me, and I can’t wait to get together with other prominent researchers and investors.

The process of going through it, being shortlisted, winning. There’s a kudos attached to it, that I think is invaluable.

I think this award kind of motivates us to continue on this important line of work. It kind of catapults us to work even further, with more enthusiasm in the future, to shed light on some important issues that will be useful for academics and practitioners alike.

I’m very honoured to win the Best Presenter Award. And I think this means, for me, my research is not only rigorous, but also interesting, meaningful, for the general audience outside academia. So I think I just made a baby step towards this goal.

View the workshop programme

Jesus College, Cambridge.


A keynote was provided by Nick Bollen, Frank K Houston Professor of Finance and Faculty Director at Vanderbilt University. At the end of the workshop, the winner for the best paper prize has been identified, presented with an award and a financial prize from CEAM.

The Consortium Co-Chairs were as follows:

  • David Chambers, Reader in Finance, University of Cambridge and Academic Director, Centre for Endowment Asset Management (CEAM)
  • Mark Hutchinson, Professor and Chair of Finance, University College Cork
  • Mark Mulcahy, Senior Lecturer, University College Cork
  • Pedro Saffi, Reader in Financial Economics, University of Cambridge

Research prize

At the end of the Consortium, the attendees ranked the papers and with the evaluation of the chairs, two winners for the Best Paper Prize have been selected from the six papers presented:


Weiming (Elaine) Zhang.

Winning Paper 2020

Weiming (Elaine) Zhang, Jie (Jay) Cao and Xintong (Eunice) Zhan from The Chinese University of Hong Kong and Sheridan Titman from the University of Texas at Austin

Download the paper “ESG Preference and Market Efficiency: Evidence from Mispricing and Institutional Trading”

Huaizhi Chen.

Winning Paper 2020

Huaizhi Chen, Mendoza College of Business University of Notre Dame, Lauren Cohen, University of Harvard and Umit G. Gurun, the University of Texas at Dallas

Download the paper “Don’t Take Their Word For It: The Misclassification of Bond Mutual Funds”