19.12.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 13-02 "Open Market Share Repurchases in Germany" by Christian Andres, André Betzer, Markus Doumet and Erik Theissen has been accepted for publication in Abacus.

25.10.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 15-03 "Volatility of Aggregate Volatility and Hedge Funds Returns" by Vikas Agarwal, Y. Eser Arisoy and Narayan Y. Naik has been accepted for publication in Journal of Financial Economics.

17.08.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 15-02 "Speed of Information Diffusion within Fund Families" by Gjergji Cici, Stefan Jaspersen and Alexander Kempf has been accepted for publication in Review of Asset Pricing Studies .

15.08.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 12-11 "Governance and Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds" by Russ Wermers, Youchang Wu and Josef Zechner has been accepted for publication in Review of Financial Studies .

25.07.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 15-07 "Tail Risk in Hedge Funds: A Unique View from Portfolio Holdings" by Vikas Agarwal, Stefan Ruenzi and Florian Weigert has been accepted for publication in Journal of Financial Economics.

19.07.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 16-02 "The Freedom of Information Act and the Race Towards
Information Acquisition" by Antonio Gargano, Alberto G. Rossi und Russ Wermers has been accepted for publication in Review of Financial Studies.

13.07.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 15-03 "Volatility of Aggregate Volatility and Hedge Fund Returns" by Vikas Agarwal, Y. Eser Arisoy und Narayan Y. Naik has been accepted for publication in Journal of Financial Economics.

04.07.2016
16th Cologne Colloquium on Financial Markets - Call for Papers
On April 3rd, 2017, the 16th Cologne Colloquium on Financial Markets will take place. The deadline for submissions is
January 15th, 2017. Further information can be found here.

29.06.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 15-14 "Ich bin dann mal weg: Werteffekte von
Delistings deutscher
Aktiengesellschaften nach dem Frosta-
Urteil" by Markus Doumet, Peter Limbach and Erik Theissen has been accepted for publication in Zeitschrift für betriebswirtschaftliche Forschung.

22.06.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 15-10 "The Pricing of Different Dimensions of Liquidity: Evidence from Government Guaranteed Bank Bonds" by Jeffrey R.Black, Duane Stock and Pradeep Yadav has been accepted for publication in Journal of Banking and Finance.

10.06.2016
Ph.D. Student at the CFR receives C-SEB Junior Start-Up Grant
Stefan Jaspersen, Ph.D. student at the CFR, has received a C-SEB Junior Start-Up Grant of the Center for Social and Economic Behavior (C-SEB) for his current project "Homophily in Fund Managers’ Investment Decisions".

In this project, which is joint work with Peter Limbach from Karlsruhe Institute of Technology (KIT), he investigates how fund managers select stocks based on their similarity to the CEO (e.g., in terms of age, gender, or ethnicity). The authors further analyze whether investments in similar CEOs reflect information advantages and, ultimately, lead to a superior performance.

07.06.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 12-05 "Runs on Money Market Mutual Funds" by Lawrence Schmidt, Allan Timmermann and Russ Werners has been accepted for publication in American Economic Review.

15.03.2016
CFR Working Paper Accepted for Publication
The CFR Working Paper No. 12-09 "Do Financial Advisors Provide Tangible Benefits for Investors? Evidence from Tax-Motivated Mutual Fund Flows" by Gjergji Cici, Alexander Kempf and Christoph Sorhage has been accepted for publication in Review of Finance.

11.02.2016
Personalia
We congratulate the member of our CFR Research Team, Florian Sonnenburg and Christoph Sorhage, for obtaining their Doctorate. Florian Sonnenburg has written his thesis on “Essays on Mutual Fund Governance and Corporate Governance”. Christoph Sorhage has written his thesis on “Essays on the Interaction of Investor Clienteles and Mutual Fund Behavior”.

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Responsible for content in the sense of § 18 para. 2 MStV:
Dr. Alexander Pütz
Centre for Financial Research (CFR)
Albertus-Magnus-Platz
50923 Köln
puetz@cfr-cologne.de