Professor of Finance Russ Wermers at the University of Maryland’s Robert H. Smith School of Business recently gave the keynote speech for the for the fourth annual Luxembourg Asset Management Summit.
Wermers, also director of Smith’s Center for Financial Policy, spoke about liquidity management by asset managers to a capacity gathering of academic and industry experts, including high-level executives from the Luxembourg financial services sector, during the Oct. 21-23, 2015 event organized by the Luxembourg School of Finance.
Wermers’ presentation (here) highlighted discussion of asset management in terms of institutional investors, market timing, financial news and biases, hedge funds, liquidity and mutual funds.
Wermers holds a UMD campuswide teaching award, plus a 2012-2013 Krowe Teaching Award from the Smith School. He studies and teaches quantitative equity strategies and is researching microfinance institutions in Thailand.
His recent work includes a working paper that finds the concept of say-on-pay, which gives shareholders a nonbinding vote on executive compensation, leads companies to reduce excessive pay in certain circumstances. Another paper, co-authored with Smith finance professor Alberto Rossi, shows widespread evidence that FOIA requests are linked with substantial trading gains.
Wermers’ earlier research has developed new approaches to measuring and attributing the performance of mutual funds, pension funds, and hedge funds, as well as devising strategies for investing in these funds.