Institute of Advanced Investment Management
Recent Research
IAIM is excited to share the insights from our latest research, which provides a comprehensive overview of the trends and challenges facing the finance industry. Our report draws on data from a range of sources, including surveys of investment professionals, market analysis, and academic research, to provide a detailed analysis of the key drivers shaping the industry. The findings highlight the growing importance of technology and digital innovation. We believe in the need for continued innovation and collaboration in the face of ongoing disruption. We believe that this research provides valuable insights for investors, asset managers, and other stakeholders, and we look forward to sharing these insights with the wider community.
School of Accounting Rejoins Accounting Honor Society, Beta Alpha Psi
School of Accounting students now can affiliate with Beta Alpha Psi, an honor organization for finance, accounting, and information systems dedicated to guiding students towards professional conduct, strong ethics, and […]
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School of Accounting Announces the Creation of an Endowed Scholarship in the Name of Dr. Robert Allen
Brian Cadman, Chair of the School of Accounting, announces the creation of the Dr. Bob Allen Endowed Scholarship. For more than 30 years, Dr. Robert D. Allen, a dedicated pillar […]
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Opportunity Scholars launches their 2023-24 mentorship program
The Opportunity Scholars program at the David Eccles School of Business recognizes the crucial role that professional mentors play in the success of Eccles students. As such, they’ve developed a […]
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Earning my IS minor abroad in Korea and Japan
When the opportunity to undertake the Information Systems (IS) minor study abroad in Asia presented itself, little did I know the profound impact it would have on me, both personally […]
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First Ascent Scholars bond on the river
Earlier in the semester, first-year First Ascent Scholars program students took a rafting trip to the Gates of Lodore in Dinosaur, Colorado. They spent three days and two nights camping […]
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Did Someone Say BBQ? 2023 Annual First-Ascent Scholars Family Event
Earlier this month First Ascent grilled out with friends and family at Sugarhouse Park to celebrate the annual First Ascent Family BBQ. This fun community event provided a great opportunity […]
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Humans in Charge of Trading Robots: The First Experiment
We present results from an experiment where participants have access to a set of robots (automated trading algorithms), which they may deploy, launch, halt and replace at will, while still trading manually.
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Testing the Separability Condition: Do Investors Price Social Policy Disclosures Correctly?
Corporations increasingly undertake and disclose policies that target social issues like poverty and racism. Theoretically, firms should not implement policies if they have no comparative advantage in executing them — such policies are called separable because their implementation can be easily separated from the regular business of the firm.
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For Better or For Worse: Algorithmic Choice in Experimental Markets
Participants in an experimental market choose to enter private value trades manually and/or algorithmically. Each algorithm or trading robot makes or takes liquidity based on the trader’s current marginal valuation modulo a spread chosen by the trader. We evaluate experimental outcomes against both competitive equilibrium and equilibrium of the strategic game if all participants choose robots.
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What You See May Not Be What You Get: Return Horizon and Investment Alpha
Alpha depends on return measurement horizon, particularly as the horizon becomes long. We introduce a procedure to estimate long-horizon alphas from short-horizon returns, and find that among those mutual funds with positive alphas estimated from monthly returns, nearly a third have negative alpha estimates when returns are measured at the ten-year horizon.
Read more: What You See May Not Be What You Get: Return Horizon and Investment Alpha