Past Events (2009 – 2010)

 

The 2nd Pensions and ESG Forum - The Dynamics in a Changing World16 November 2017
Organised by Asia Asset Management and supported by CAMRI

The Forum's topics for discussion include Going Green: An Academic’s Perspective on Social and Environmental Investing; ESG’s Growing Global Impact; How ESG Impacts Investment Decisions and Returns; ESG Investing in Asia: A Portfolio Manager’s Perspective; Global Market Inefficiencies; Overview of Global ESG Market: Key Trends to Watch; and Corporate Strategy for Managers and Investors. In addition, there will be four panel discussions: Impact Investing: The Role of Government Funds; Harmonization  of Stewardship Codes of Conduct in Asia; Global Themes Driving Demand for Responsible Investing; and SRI, ESG and Impact Investing. The Award Winner of the 2017 AAM-CAMRI-CFA Institute Prize in Asset Management will receive the prize during the event dinner on 15 November, while he will present his award-winning paper during the event lunch on 16 November as well.

Leadership Dialogue Series with Professor Robert C. Merton: Finance Science, Technology and Financial Innovation and their Impact on the Economy, 25 October 2017 (Photos | Presentation Slides | Video)
A well-functioning financial system is essential to achieving sustainable economic growth and development. Financial innovation is key to foster growth and improvements in the financial system. To significantly drive financial innovation, it is pertinent to have an understanding of finance science, advances in technology and economic needs. The Leadership Dialogue Series delved into past examples, current scenarios and future directions in finance science and financial innovation including: notable case studies like the Leipzig gas pipeline in the 1990s and global diversification with capital controls and other policy constraints in 2010s; financial innovation in the present, assessing the opportunities from global aging and longer-life demographics, to the major expansion in GDP in Asia; and financial and technological “Silicon Valley” innovation in the future that presents growth opportunities and challenges for financial-service providers. Professor Robert C. Merton, Nobel laureate in Economics, shared his insights on financial innovations, and how trust will continue to be the innovation-implementation global financial-services model of the future. Professor Joseph Cherian, Director of Centre for Asset Management Research & Investments (CAMRI moderated the Q&A Session.

9th Wee Cho Yaw Singapore-China Finance and Banking Forum, Shanghai, 6 September 2017 (Photos | Outside-In Blog)

Fintech and Future Finance – from Disruptive to Collaborative
The sphere of banking and finance is experiencing some unprecedented change. On the one hand, the swift development of the Internet economy is rapidly influencing people's lifestyle including how transaction and banking activities are carried out. On the other hand, China's enormous demand for inclusive finance, not fully satisfied by traditional banking services, has created an eager appetite for Internet finance start-ups and new funding platforms. More fundamentally, the advent of blockchain technology and the growing popularity of cryptocurrencies are bringing disruptive challenges to the traditional financial system by shifting away from traditional intermediaries and offering decentralized and transparent alternatives. The question is how we turn the disruptive to the collaborative and manage a smooth transition to the future of finance with efficiency, risk control, inclusiveness and trust, by leveraging on Fintech's enormous potential.

The 9th Wee Cho Yaw Singapore-China Finance and Banking Forum explored financial technologies and their implications to our financial ecosystem, in areas such as bank business models, financial services innovations, regulatory challenges and risk control, inclusive finance, AI/deep learning, applications of distributed ledger technology, etc. Eminent speakers examined the trends that are driving the Fintech revolution, particularly in China and Asian markets, and collectively imagine the future of finance.

ABFER-GIC Industry Panel & Roundtable: "The Inactivity in Active: A Worrisome Sign of the Times?", 25 May 2017
There is a robust discussion ongoing among academics and investors around the need for cost management in investing, providing appropriate solutions for retirement finance and the general underperformance of active managers, which has led to the bulk of “smart capital” flowing to passive strategies. At the same time a subset of believers in the industry argue that the absence of active investing can lead to the suboptimal allocation of capital, the lack of liquidity in capital markets, and more disquietingly, a reliance on passive investing can lead to the magnification of correlation shocks in periods of market stress. To discuss this and related topics, such as Environmental, Social and Governance (ESG) investing in Asia, “Fintech” disruptions to the investment industry’s business model, and the manner in which institutions, investors and academics should respond, the ABFER brought together a panel of academic and investment experts to shed light on the issues and challenges - and addressed pertinent questions in the industry today.

4th International Conference on Sovereign Bond Markets: "Public Debt Markets, Government Expenditures and Fiscal Prudence", 6 - 7 April 2017
(co-sponsored by NUS Business School and CAMRI)
This year the focus of the conference was on the linkage between sovereign debt and real economic activity. To a certain extent, and at least in the short-run, public debt promotes economic growth given it allows the government to build infrastructure, provide health care, improve education and national job training efforts, all of which keep its citizens healthy and productive. That said, a common view is that too high a public debt level will impinge on overall economic growth in the long-run. However, not everyone agrees on the direction or cause of this correlation. This conference analysed the causes and channels by which sovereign debt, unconventional monetary policies and economic growth are interlinked and their impact on savings, investments, capital markets, uncertainty, interest rates and liquidity both in developed and emerging countries.

Tolani-NUS Business School Public Lecture: "Shocks and Shifts in Global Finance: Implications for Asia", 27 March 2017
This lecture covered the ramifications of developments for the global financial system, particularly in the context of Asia, and how they may set in motion broader geopolitical and economic shifts. Even China is now facing slower growth, rising debt levels, a falling currency, and capital outflows. Is China’s economy headed for a meltdown or can it continue to outgrow its problems? Can India maintain sizzling growth, its banknote demonetization initiative notwithstanding? Prof Prasad also covered the short-term and medium-term prospects for emerging markets, with a focus on the Chinese and Indian economies. It will lay out an actionable reform agenda for both Asian economic giants to maintain good growth. The future of the Renminbi, both in terms of its value and its role as an international currency, was also be discussed. 

4th Influential Women in Banking & Investments Forum, 16 February 2017

The Golden Touch: Gender Diversity and Firm Performance
Studies around the world consistently show that companies that place women in senior positions perform better. One recent report from Credit Suisse found that companies with a higher participation of women in decision-making roles generate higher returns on equity and run more conservative balance sheets. Despite these findings, the Asia-Pacific region lags well behind benchmark global economies in terms of gender diversity. For example, a 2016 report by NUS Business School’s Centre for Governance, Institutions and Organisations and Korn Ferry found that, at current rates, it would take another decade before the region matched diversity levels seen in the United States and economies of the European Union. On the bright side, this means Asian companies have bright prospects if they do the right thing and appoint more women into decision-making roles. How then can we tap into this often under-represented segment? What challenges does the region face in bringing more women into senior positions? And how can firms be encouraged to recognise the strength and benefits of gender diversity? Our distinguished panellists explored the complex issues surrounding the role of women decision-makers in influencing corporate performance.

Student Managed Fund Track Special Lecture and MBA Q&A Session with Mr. Atsushi Yoshikawa, 12 October 2016
CAMRI hosted Mr. Atsushi Yoshikawa, (Distinguished Visiting Fellow, NUS Business School; Advisor, Nomura Securities; and former President and Group COO, Nomura Holdings) on 12 Oct, where he spoke to BBA and MBA students on current and upcoming trends in asset management. When asked by a student, his advice was: "It's better not to try to speculate what will be the next big thing, because nobody knows. But if you pursue Asset Management as your career, if you like it, just continue what you like to do with passion - build your capabilities and keep track of your goals, and one day clients will look for your expertise and products. If you join the current market theme, you are already too late."   Photos


8th Wee Cho Yaw Singapore-China Finance and Banking Forum, Singapore, 14 July 2016 

Financing Infrastructure and Promoting Free Trade 
The year ahead will be challenging for the global economy with headwinds that will likely slow global trade. China’s weakening economy, higher interest rates in the US, plunging commodity prices coupled with global deflationary forces present a testing time for world leaders. To tackle these trends, world leaders have turned to two elements for global economic growth – freedom of cross-border trade and investment. Our distinguished speakers and panellists explored these complex and other pertinent issues including financing infrastructure and free trade pacts to invigorate the world economy.


ABFER/CAMRI Industry Panel and Roundtable: "Long-term Investing with the Ebb and Flow of Low Returns", 26 May 2016 
The ebb and flow of asset values post the GFC has been staggering. Long-term investing and asset allocation have become a challenge and more complex as interest rates in many geographies have been driven to zero and the signs ahead are uncertain at best. The global energy and commodities markets are faced with grim prospects, the global currency imbalances have added to the shaky equilibrium, and government, corporate and private debt levels are also surging. What lies ahead in the middle- to longer-term investment horizon? Does the current market malaise open up new opportunities, particularly in the infrastructure funding and investments space? What are the prospects for capital markets? When will stability and liquidity return to the financial markets? A panel of top investment experts from across the various asset classes and regions addressed these and many more of your questions, and shed some light on the path, headwinds and prospects ahead, along with a multi-business cycle discussion on investments, asset allocation, long term capital (including infrastructure), bonds, and liquidity from the perspective of institutional investors.


2016 Asia Asset Management - CAMRI Prize in Asset Management
Asia Asset Management (AAM), in collaboration with the Centre for Asset Management Research & Investments (CAMRI) at NUS Business School in Singapore, launched the Annual AAM-CAMRI Prize in Asset Management in 2015 to celebrate excellence in regional applied research. The Prize is worth US$15,000 and will be awarded to only one paper. Papers should be submitted by emailing to This email address is being protected from spambots. You need JavaScript enabled to view it.. The closing date for submission is July 31, 2016, and the AAM-CAMRI Prize winner will be notified by September 16, 2016.

16 SEPTEMBER 2016 UPDATE: The winning paper of the 2016 AAM-CAMRI Prize (from over 60 excellent applications from the around the world) is entitled, "Market Maturity and Mispricing", authored by Heiko Jacobs (University of Mannheim). For more details please click here


My Money @ Campus Seminar: Building an Affordable Investment Portfolio, 17 March 2016
Keen to start investing but not sure how and where to start? What are some of the risks and investors' behaviour you can look out for when investing? Is diversification really possible for a small portfolio? Mr Michael Zink, Head of ASEAN and Country Officer for Singapore, Citibank shared his financial management journey and tips on building one's financial knowledge and capabilities.


3rd Influential Women in Banking & Investments Forum, 24 November 2015

Financial Literacy and Savings – What's Holding Women Back?
Financial literacy refers to an individual's ability to make informed judgments and effective decisions about the use and management of his/her money. It is often observed in the academic and industry literature that there is a gender and a confidence gap between men and women with respect to financial literacy and retirement savings. Women are different from men when it comes to financial planning. Perhaps women face higher financial hurdles than men due to longer life expectancies, higher lifetime health care costs, lower median savings and lower median income. While being more risk averse than men, women have been shown to be better investors. Yet, the confidence gap persists. The panel discussion discussed these issues, including whether financial literacy is necessary for independence and financial empowerment.


CAMRI Student Lecture in Finance, 19 August 2015
CAMRI hosted a joint BBA and MBA Student lecture on "The Next Generation of Banking: Ethical & Sustainable Finance" by Ms. Baljeet Kaur Grewal, Advisor, Asian Development Bank and former MD & Vice Chairman, Kuwait Finance House (Research). The talk covered global banking in its present form, financial inclusion and sustainable development through ethical banking, and an introduction and proposition for Sharia-based finance. More than 40 people attended the CAMRI Student Lecture, which was followed by a robust Q&A session with the students that lasted 45 minutes! 


Launch of The Asia Asset Management – CAMRI Prize in Asset Management
Asia Asset Management (AAM) has aligned with CAMRI to launch the AAM-CAMRI Prize in Asset Management, celebrating excellence in regional applied research. The prize, which is worth US$15,000 and will be awarded to just one paper, will seek submissions on empirical or theoretical research which are judged to be original and break new ground in thinking, practice, policies and issues affecting the Asian asset management industry. The closing date for submissions is 31 July 2015 and the winner will be notified by 15 September 2015.

15 SEPTEMBER 2015 UPDATE: The winning paper of the 2015 AAM-CAMRI Prize (from over 50 excellent applications from the around the world) is entitled, "The Returns to Hedge Fund Activism: An International Study", co-authored by Marco Becht (Solvay Brussels School, Université libre de Bruxelles, CEPR and ECGI), Julian Franks (London Business School, CEPR and ECGI), Jeremy Grant (CM-CIC Securities) and Hannes F. Wagner (Bocconi University). For more details please click here.


7th Wee Cho Yaw Singapore-China Finance and Banking Forum, Beijing, 18 June 2015

China at the Financial Economic Crossroads: The Critical Next Steps
The eyes of policymakers and economists are focused on China. As the Chinese leadership hails a period of slower growth, the world asks, is this the "new normal"? Are the heady days of spectacular growth behind us? With the economies of Europe and Latin America softening, only the US seems to be holding up. What does a slowing China mean for the rest of the world? With both India and China cutting interest rates, the stage is set for a challenging year. How the Chinese leadership calibrates policies will ripple around the world. Will China be able to engineer a soft landing? Will conditions deteriorate to warrant another round of quantitative easing? Is China still on course to become the world's largest economy? What reforms, particularly in the financial sector, are in the offing? Our distinguished speakers and panelists shed light on these and other lingering issues.


ABFER Industry Roundtable "Towards a Sustainable Prosperity in Asia – the Investment Challenges Ahead", 28 May 2015 
The ABFER/CAMRI roundtable examined the challenges ahead for Asian economies and the investment and financial systems in an increasingly deflationary landscape. Under this challenging investment environment, what investment and economic strategies should investment managers adopt? What are the regulatory challenges facing central banks in Asia as viewed through the eyes of an investment manager? How do we think central banks should coordinate policies? These are pertinent issues facing investment managers in particular and investors in general. The Roundtable panel discussion hoped to address these imperatives in a special lively session involving the top asset managers, asset owners, as well as regulatory and financial experts in Asia within a Singapore perspective.


CAMRI Executive Lecture: "The Changing Landscape in the Financial Services Industry and Its Implications for You", 20 March 2015

CAMRI had the distinct pleasure of hosting Mr Arun Kohli of Morgan Stanley. He provided us with a financial services industry overview, the key players in various sub-sectors and the recent trends, as well as the opportunities and challenges in the industry. Mr Kohli's talk also highlighted how recent regulatory reforms have placed a downward pressure on the return on equity for banks, the effects of technology on banking (e.g., Digital Banking and FinTech), and new career opportunities for graduating students within this fast changing financial landscape. Mr Kohli lastly emphasized the importance of setting and having the right culture from the top, of fiduciary responsibility, ethics, and integrity, and of ensuring compliance with local laws and regulations.


Joint 2015 CAMRI Executive Roundtable Luncheon Series with CAIA Association of Singapore, 2 February 2015

Liquidity and the Development of Robust Corporate Bond Markets
While bank loans to corporations has the attendant benefit of monitoring, it suffers from the concentration of risks – credit, market, liquidity and operational – in the banking system. Corporate bond markets, on the other hand, are far less developed than other financial markets in terms of transparency, liquidity and ease of trading. These issues are accentuated by an archaic over-the-counter architecture that is typical of bond markets. These factors increase the premium for bonds trading, which leads to higher cost of debt for corporations. Professor Marti G. Subrahmanyam provided some thoughts based on his recent academic research.


2nd Influential Women in Banking & Investments Forum, 17 November 2014
This forum showcased eminent female leaders in Banking and Investments in Singapore who shared their professional and personal experiences - both their successes and obstacles that have existed for them – and gave guidance and advice. It was not only be an opportunity for women at NUS Business School to hear from the motivational and insightful panellists, but also an opportunity for attendees, especially our students, to learn how to network appropriately to help further their careers.


2014 PPI Singapore Roundtable, 12-14 November 2014

The New Center: Tracing the Impact of a Global Shift
With the rise of Asia, investors must ask themselves questions concerning the structural integrity of systems in the region as well as the long-term viability of investing in certain asset classes. Given the state of Asia's emerging markets, what policies need to be instituted to ensure stability? Will investing in growth economies in Asia pay off? What access points are investors using? This roundtable focused on the implications of the rise of Emerging Asia on asset classes and broader investment strategies. CAMRI was involved in PPI's 2014 Singapore Roundtable and PES in Singapore by assisting and setting up sessions, panelists and speakers at both the Singapore Roundtable and PES. Professor Kim Sun Bae (NUS Business School) and Dr Brian Fabbri (Visiting Research Fellow, CAMRI) chaired panel sessions during the Singapore Roundtable.


2014 PPI Executive Seminar (PES), 9-11 November 2014

Building a Connected Region, Global Hub
The PPI Executive Seminar (PES) convened a small delegation of senior institutional investor executives for a series of in-depth discussions around the theme Building a Connected Region, Global Hub. CAMRI was involved in PPI's 2014 Singapore Roundtable and the PES in Singapore by assisting and setting up sessions, panelists and speakers at both the Singapore Roundtable and the PES. Professor Cherian (Director, CAMRI) participated in and chaired a panel session at the PES.

6th Wee Cho Yaw Singapore-China Finance and Banking Forum, 25 July 2014

Rethinking the Concept of Service in the Financial Services Industry
Good customer service remains the heart-beat of the banking industry, as it is in most other sectors. The demands and expectations for quality service increase correspondingly as customers' wealth grows. As banks compete to attract customers in the wealth management arena, have service standards kept pace with the explosive quest for the investible dollar? How does the financial industry compare with the 5-star hospitality industry when it comes to service? Should there be a benchmark to evaluate the service standards of financial advisors, wealth management planners, bankers and others in the financial industry? These thought-provoking questions, and more, were examined by highly prominent leaders in the financial services industry at the 6th Wee Cho Yaw Forum organised by CAMRI and NUS Business School.


ABFER Industry Roundtable "Investments in Asia Forum: Has Asia Reached its Full Potential?"
, 28 May 2014 
The Roundtable featured a world-class group of investment managers in Asia from across the asset class spectrum to discuss the trends, encumbrances and the rash of new OECD regulations on funds affecting Asian managers. The forum also explored the applied research partnerships between academia and the financial industry amongst other pertinent issues.

Tolani-NUS Business School Public Lecture: "The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance", 3 April 2014
In Collaboration with Cornell University

The Dollar Trap overturns this conventional wisdom. We show, in the aftermath of the financial crisis, U.S. policies and a dysfunctional international monetary system have paradoxically strengthened the dollar's importance. In international finance, it turns out, everything is relative. Ultimately, there is no good answer to this question: If not the dollar, then what? That is why, despite all its flaws, the dollar will remain the ultimate safe haven currency.


5th NUS Asian MBA Stock Pitch Competition, 19 - 21 February 2014
The annual NUS Asian MBA Stock Pitch Competition hosted by the Centre for Asset Management Research and Investments (CAMRI) provides a forum for top MBA students in Asia to compete and showcase their stock-pricing skills in front of a panel of distinguished judges from the investment industry. The intense competition is designed to replicate the fast-paced, demanding experience of fundamental analysts and asset managers in the real world.


1st Influential Women in Banking & Investments Forum, 7 November 2013
This inaugural forum at NUS Business School showcased eminent female leaders in Banking and Investments in Singapore who shared their professional and personal experiences - both their successes and obstacles that have existed for them - and gave guidance and advice to women at NUS Business School. It was not only an opportunity for women at NUS Business School to hear from the motivational and insightful panelists, but also an opportunity for attendees, especially our students, to learn how to network appropriately to help further their careers.


CAMRI Asset Owners' Dialogue (AOD), Beijing, 14 October 2013
AOD is an industry leadership forum held annually for asset owners from around the world (sovereign wealth funds, pension plans, endowments & foundations, and single family offices). This dialogue provided a confidential and academically-moderated environment, where industry leaders from the asset owner community obtain an opportunity to meet and discuss the latest applicable research, set priorities, share ideas, brainstorm, and work towards establishing norms, best practices and, where applicable, suggest policies for the Asset Management industry. The AOD in Beijing also saw the launch of the NUS-Cornell Global CIO Academic Survey.


Seventh Singapore International Conference on Finance, 6 - 7 August 2013 
This highly competitive international finance conference, with a 5% acceptance rate out of more than 160 submissions, brings together a diverse group of scholarship on Corporate Finance, Asset Pricing, Financial Intermediaries, and Market Microstructure. The conference presents an excellent opportunity for practitioners and researchers in financial institutions and universities to discuss and exchange ideas on the latest developments in the field of finance.


5th Wee Cho Yaw Singapore-China Finance and Banking Forum, Shanghai, 31 July 2013
Organised by CAMRI and NUS Business School, the 5th Wee Cho Yaw Singapore-China Finance and Banking Forum critically appraised the asset management sector in China and its implications for asset managers and investors in Asia, particularly China and Singapore. The Forum also examined the liberalisation and exponential growth of the AUM in the Chinese asset management sector, future trends and the attendant fiduciary obligation that comes with such responsibility. Finally, the Forum touched on China's QFII and RFII programmes, the alignment and rationalisation of trust, insurance and other companies offering asset management products, and the opportunities that arise for Singapore banks and asset managers from the recent announcement by the PBOC regarding Singapore being named as the first regional financial centre outside China to have a yuan-clearing bank.


CAMRI Public Lecture with Nobel laureate Robert C. Merton: "On a New Approach for Analyzing and Managing Macrofinancial Risks", 27 June 2013
Macrofinancial (Systemic) risk is a major challenge for both governments and large asset pools. The Financial Crisis of 2008-2009 and the ongoing European Debt Crisis were centered around credit risk. The potential for propagation of credit risk among financial institutions and sovereigns is related to the degree of "connectedness" among them. Connectedness changes materially as conditions in the markets change and the changes are complex. Tools for measuring connectedness and its dynamic changes are presented using network theory and econometric techniques. This is new research by Professor Robert Merton of MIT is still in progress but the basic approach and the findings appear to be well-founded.


ABFER Investments Roundtable "Investing in Asia: Research & Practice", 24 May 2013
The Investments Roundtable featured prominent business leaders of traditional and alternative investment management firms in Asia covering investment themes, challenges and opportunities associated with their line of business. Spanning a range of important research and policy issues relevant to Asia, the roundtable included discussion on issues such as understanding and predicting markets in the liquid and illiquid space, investment regulations and policies, and portfolio risk management.


4th NUS Asian MBA Stock Pitch Competition , 6 - 8 March 2013
The annual NUS Asian MBA Stock Pitch Competition hosted by the Centre for Asset Management Research and Investments (CAMRI) provides a forum for top MBA students in Asia to compete and showcase their stock-pricing skills in front of a panel of distinguished judges from the investment industry. The intense competition is designed to replicate the fast-paced, demanding experience of fundamental analysts and asset managers in the real world.


CAMRI Luncheon Forum with Professor Charles Lee: "Whistle Blowers, Opportunists or Market Manipulators? The Case of Chinese Reverse Mergers", 17 January 2013
As short-sellers make headlines around the world, Professor Lee empirically examines if Chinese Reverse Merger firms (RMs), which tend to be small and illiquid stocks that are highly prone to default and/or bankruptcy risk, are inherently toxic or victims of somewhat overblown accusations by not so well-intentioned short-sellers. For example, China's official news service claimed foreign short-sellers targeting Chinese companies listed in the U.S. are engaged in a "malicious act", primarily because many high-profiled research reports on RMs were first put out by short-sellers.


Fireside Lunch Dialogue with Mr Kenneth Griffin, 16 November 2012
CAMRI had the distinct pleasure of hosting Mr Kenneth Griffin, the Founder and CEO of Citadel, to a Fireside Lunch Dialogue on Friday, 16 November 2012 at The Four Seasons Hotel in Singapore.  Close to 30 specially-invited Friends & Donors of CAMRI were invited to this event.


Leadership Dialogue Series: Revolutionising the Financial World, 7 September 2012
Organized jointly with Strategic Relations, NUS Business School

By harnessing the market-induced tools of innovation and technological efficiency, financial markets should touch the various stakeholders - investors, traders, farmers, and small and medium enterprises, not just in trading activity but in price discovery, payment and collateral management solutions, sustainability and knowledge management. Mr. Jignesh Shah will explore how leaders can keep up with technology and the delivery of consistent growth performance in today's challenging economic condition. The Q&A session will be chaired by Prof. Joseph Cherian, Practice Professor of Finance and Director of CAMRI.


Sixth Singapore International Conference on Finance, 17 - 18 July 2012
Organized jointly with Department of Finance, NUS Business School

This is an international conference that brings together high quality research papers on Financial Crisis, Corporate Finance, Asset Pricing, Volatility, Behavioural Finance and Mutual Funds. The conference presents an excellent opportunity for practitioners and researchers in financial institutions and universities to discuss and exchange ideas on the latest developments in the field of finance.


Tolani-NUS Business School-LKY School Public Lecture: "The Future of the International Monetary System", 13 June 2012
Four years after the onset of the financial crisis, the global economic recovery is still sputtering due to a lack of robust demand, policy tools that are stretched to their limits and unable to muster much traction, and enormous risks posed by weak financial systems and political uncertainty. The financial crisis and its aftermath have added momentum to the shift in the center of gravity of the world economy towards the emerging markets, particularly the dynamic emerging markets in Asia. Professor Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University, discussed the future of the international monetary system and evolution of different currencies, especially the euro, dollar and key emerging market currencies in the context of the shifting global economic order.


4th Wee Cho Yaw Singapore-China Finance and Banking Forum, 12 June 2012

The Internationalisation of the Renminbi
The development of China into an economic powerhouse has transformed the global financial architecture. Holding the world's largest foreign exchange reserves, China has had an increasingly major role to play. China represents about 10 per cent of global GDP and by some estimates is expected to overtake the US as the world's largest economy by 2030. There is growing speculation that the Chinese currency will emerge as a global reserve currency rivaling the US dollar.


Morgan Stanley Partners NUS Business School to Groom Future Business Leaders, 12 March 2012
NUS Business School students to gain opportunity to learn from Morgan Stanley business leaders. Three-year strategic partnership to provide students with deeper understanding of real-world business and finance. (Media Coverage)


2nd NUS-Cornell Applied Research Forum in Asian Asset Management, 12 - 13 March 2012
Organized jointly with The Parker Center for Investments Research

CAMRI, in partnership with the Parker Center for Investment Research at the Samuel Curtis Johnson Graduate School of Management, hosted the 2nd Annual NUS-Cornell Applied Research Forum in Asian Asset Management. The Forum has a hybrid structure of plenary talks and roundtable panel discussions, focusing on the business of asset management in Asia: family offices and wealth management; active money management; real estate markets and investing; financial regulation; liquidity and risk management; the investment outlook; and financial opportunities in Asia.


3rd NUS Asian MBA Stock Pitch Competition, 7 - 9 March 2012
The annual NUS Asian MBA Stock Pitch Competition hosted by the Centre for Asset Management Research and Investments (CAMRI) provides a forum for top MBA students in Asia to compete and showcase their stock-pricing skills in front of a panel of distinguished judges from the investment industry. The intense competition is designed to replicate the fast-paced, demanding experience of fundamental analysts and asset managers in the real world.


Public Lecture on Reflections on Motivation, Measuring Individual Performance and Compensation in the Investment Banking Industry and Implications in the Current Market, 6 February 2012
Compensation, and bonuses in particular, are the largest cost in a global investment bank. There has been a great deal of criticism of the level of compensation in the industry, and some have pointed to compensation practices as one of the drivers of the Global Credit Crisis. How can banks motivate bankers to maximize profits, minimize risk, work as team players and achieve the firm's other goals?


GIC Essay Prize 2011/2012
The Government of Singapore Investment Corporation (GIC) is pleased to invite entries for the GIC Essay Prize 2011/2012, administered by the Centre for Asset Management Research & Investments (CAMRI) at NUS Business School, National University of Singapore. The title of the Essay is "What is the future impact on global investments from the expected growth in Asia?". The competition is open to all undergraduate students (pursuing Bachelor's degrees) studying in Singapore and all Singaporean/Singapore PR undergraduate students (pursuing Bachelor's degrees) studying abroad.


Private Equity and Venture Capital Panel Discussion & Networking Reception, 25 October 2011
Organized jointly with Singapore Venture Capital and Private Equity Association (SVCA)

Funding Entrepreneurial Growth in Asia: The Changing Role of Private Equity and Venture Capital Investment Industry in Asia
As global economic growth shifts increasingly from West to East, and from Advanced Economies to Emerging Markets, the Private Equity and Venture Capital Investment Industry in Asia is expected to grow rapidly in the coming years to fund the entrepreneurial growth of the region. In this panel discussion, we assembled some of the leading PE/VC investors to share their insights and perspectives on the financing needs & opportunities at different stages of firm growth (early stage start-ups vs. growth stage SMEs), different growth/exit mechanisms (M&A, trade sales, IPO), different markets in Asia (SE Asia vs. North Asia and South Asia), and different sectors (technology, consumer goods, internet/social media, etc).


A Two-part Workshop Series on Private Equity by Ms Veronica Eng, 19 & 21 October 2011
In a two-part workshop series, Ms Veronica Ng, Partner and Asia Chairman at Permira Advisers, provided an overview of the Private Equity (PE) industry. The workshops touched on the evolution and the early development of the industry, value creation strategies that exist in the industry, and the current thematic investment focus of PE firms. This was an excellent opportunity to gain valuable insights into the PE industry from an accomplished practitioner with more than 2 decades of industry experience.

 

CAMRI Roundtable & Appreciation Evening, 17 October 2011
It was an evening of panel discussions, networking, dinner and music, mainly to thank our CAMRI Board of Directors, Advisory Council, and Friends of CAMRI and the NUS Business School for their services to and support of CAMRI since our formal launch in April 2010.

Two commodity derivatives specialists from the industry kicked-off the Roundtable with a panel discussion moderated by a CAMRI Advisory Council member on the importance of commodities and derivatives in the corporate and institutional contexts, especially with respect to investments and risk management. This was followed by an invited talk on the US economy by Mr Owen Thomas, the former CEO of Morgan Stanley Asia. Finally, there was a second panel discussion on the future trajectory of Singapore's exchanges with two very senior executives from our local exchanges, moderated by a finance faculty member. The evening moveed on to a sumptuous dinner and networking session, museum tours, and classical music performance in our NUS Museum's ST Lee Atrium.


Guest Lecture by Dr Michael Yoshikami on Portfolio and Asset Allocation in Times of Volatility, 5 October 2011
The macroeconomic environment continues to be challenging. Uncertainties about the stability of the eurozone as well as the fragile state of global economic recovery, have introduced volatility we haven't seen since 2008. A long-only mandate, which represents the majority of managed money, needs to be agile to outperform in an environment where many say, "buy and hold is dead". Agility comes from using the time-tested strategic models while introducing shorter-term tactical allocation to deal with an uncertain world. Michael Yoshikami, Founder and CEO of YCMNET Advisors, will share with you the practicalities of managing client money in these turbulent times. (Media Coverage)
 

3rd Wee Cho Yaw Singapore-China Finance and Banking Forum, Shanghai, 2 September 2011
Organized jointly with UOB China and Bank of Communications

Private Equity Forum: The Singapore-China Axis
Despite concerns about soaring inflation, unbridled growth and changing demographic trends, China's underlying economy remains robust. It is the world's second largest economy, and a global powerhouse in terms of growth and size. China has a seemingly limitless domestic market, and companies can record impressive growth without crossing borders. Company acquisitions and takeovers have also increased in recent years, and opportunities abound for private equity and institutional funds.


CAMRI-IMAS Luncheon Forum featuring Prof Yacine Aït-Sahalia, 22 August 2011
Organized jointly with IMAS

Portfolio and Risk Management When All Asset Classes Can Fail Together
Professor Aït-Sahalia of Princeton University talked about how adverse shocks to stock markets can propagate systematically across the world, with a shock in one region of the world causing an increase in the likelihood of a different shock in another region of the world. To capture this effect, Professor Aït-Sahalia introduces an easily understandable model for stock price returns with mutually exciting jumps known as "Hawkes processes". In such a model, a jump or shock in one region of the world, or one segment of the market, increases the intensity of jumps (or shocks) occurring both in the same region (he refers to this as "self-excitation") as well as in other regions (referred to as "cross-excitation").


Fifth Singapore International Conference on Finance, 19 - 20 July 2011
Organized jointly with Department of Finance, NUS Business School

This is an international conference that brings together high quality research papers on Financial Crisis, Corporate Finance, Asset Pricing, Volatility, Behavioural Finance and Mutual Funds. The conference presents an excellent opportunity for practitioners and researchers in financial institutions and universities to discuss and exchange ideas on the latest developments in the field of finance.


CAMRI Luncheon Forum by Prof Martin Feldstein, 7 July 2011
By invitation only

Prof Martin Feldstein spoke on "The Dollar and Global Investment". The dollar has fallen 7 percent in the past year, and 37 percent in the past decade when measured on a real, trade-weighted basis. Will the dollar continue to decline? How will the behaviour of the dollar affect the global economy and markets?


Public Lecture on Some Reflections On The Crisis And Its Implications For Managing Financial Risk, 7 March 2011
The causes of the crisis are still being debated but the roots lie more in political economy than in the more straightforward realm of financial economics. For all the rhetoric now directed at financial reform, the principal issues such as mandating adequate bank capital, remain unaddressed and there will be more crises. The speaker, Professor Stephen A. Ross, is the Franco Modigliani Professor of Financial Economics at MIT, Managing Partner of Ross Farrar, and Principal and CIO of Ross Institutional Investors. 


2nd NUS Asian MBA Stock Pitch Competition, 2 - 4 March 2011
The annual NUS Asian MBA Stock Pitch Competition hosted by the Centre for Asset Management Research and Investments (CAMRI) provides a forum for top MBA students in Asia to compete and showcase their stock-pricing skills in front of a panel of distinguished judges from the investment industry. The intense competition is designed to replicate the fast-paced, demanding experience of fundamental analysts and asset managers in the real world.


NUS-Cornell Applied Research Forum in Asian Asset Management, 2 March 2011
Organized jointly with The Parker Center for Investments Research

CAMRI, in partnership with The Parker Center at the Johnson School, hosted the inaugural NUS-Cornell Applied Research Forum in Asian Asset Management. The Forum had a hybrid structure of plenary talks and roundtable panel discussions, focusing on the business of asset management in Asia: financial regulation, liquidity and risk management, the investment outlook and financial opportunities in Asia.