Financial Markets and Portfolio Management
Conference Announcement
9th Conference of the Swiss Society for Financial Market Research April 7, 2006 Zurich, Switzerland On the occasion of the 20th anniversary of the Society’s foundation the keynote speech will be held by
Philipp M. Hildebrand, Member of the Governing Board, Swiss National Bank Please see our website for program and registration details: http://www.fmpm.org
Conference Co-Chairs: Professor Dr. Markus Rudolf and Dr. Matthias Muck, WHU, Vallendar. Conference location: SWX Swiss Exchange, ConventionPoint, Selnaustrasse 30, 8021 Zu¨rich, Switzerland.
Financial Markets and Portfolio Management
Springer We are pleased to announce the
Swisscanto Award for the Best Professional Paper The price is awarded for the best article on a matter of high practical relevance published in Financial Markets and Portfolio Management. The annual award is sponsored by Swisscanto Holding AG, the asset manager of the Swiss cantonal banks, and carries with it a cash prize of 4000 Swiss Francs. Furthermore, we are pleased to announce the
FMPM Best Paper Award The award is for the best acedemic article of each Volume of Financial Markets and Portfolio Management. The annual award is sponsored by Springer Science+Business Media, Inc., and carries with it a cash prize of 1500 Swiss Francs.
Please see our website for details: http://www.fmpm.org
Editor-in-Chief: Manuel Ammann Editorial Board: Rolf Banz, Jonathan Berk, Wolfgang Drobetz, Gu¨nter Franke, Philippe Jorion, Francis Longstaff, Markus Rudolf, Thomas Stucki, Rene´ Stulz, David Yermack, Heinz Zimmerman
SFAA Executive Committee
President SFAA
Marco Curti, Zu¨rcher Kantonalbank, Zurich
President Examination Commission
Prof. Andre´ Bender, University of Geneva, Geneva
President AZEK
Dr. Thomas Lips, AIG Private Bank AG, Zurich
President isfa
Dr. Ge´rard Huber, Pictet & Cie, Geneva
Members
Dr. Giuseppe Benelli, Bank Vontobel, Zurich Stephan Meier, Bellevue Asset Management AG, Ku¨snacht Jean-Sylvain Perrig, Union Bancaire Prive´e, Geneva Dr. Roman von Ah, Julius Ba¨r Holding AG, Zurich
Chief Executive Officer
Dr. Jean-Claude Dufournet, Bu¨lach
Committee of Discharge
Corina Galli, BSI SA, Lugano Pascal Be´trisey, GLG Finance SA, Lausanne Prof. Martin Hoesli, University of Geneva, Geneva
Secretariat
Nathalie Niederer-Joliat, Bu¨lach
Communications
Erika Gisler, Bu¨lach
Swiss Financial Analysts Association SFAA, Feldstrasse 80, 8180 Bu¨lach (Switzerland) Tel. +41 44 872 35 40 – Fax +41 44 872 35 32 – E-mail
[email protected] – Internet: www.sfaa.ch
SFAA New Members & Aftabroushad Farhad & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & &
Arregger Martin Auf der Maur Richard Bandi Andre´ Baumann Andre´ Beereuter Yvonne Bernasconi Patrick Besteiro Maria Bey Sabrina Biaggi Fabrice Bieri Herbert Binder Thomas Blin Marc Boe´ro Patrick Bohnet Christian Bonaviri Marco Borloz Marc-Olivier Brandl Harald Brenneisen Philipp Bruschetti-Zu¨rcher Rossella Buck Marco Bulling Christian Carvalho Leonardo Cicetti David Colangelo Donato Combes Gael Crivelli Rubyen Descombes Jacques Eidam Katrin Engelberger Rene´ Falk Urs Fedrigoli Giovanni Foitek Markus Forestier Laurent Fuhrer Stefan Gabriel Nelly Gallo Francesco Ganz Torsten Gebhard Ralph Germann Thomas Graf Bernhard Graf Nathalie Guggenheim Michael Gumbatshang Tashi Guzzi Andrea Hirschi Frank Hofer Alessio
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Honsberger Olivier Hossli Peter Hubatka Simone Hugelshofer Jan Isenegger Beat Jehle Marcel Jost Nick Jung Dirk Ka¨ppeli Alexander Keller Karl Kempf Adrian Knauer Daniel Koch Roman Ko¨nig Stefan Koplenig Patrick Kunzmann Felix Landolt Christian Lassanianos Antony Laubscher Max-Eric Liesch Matthias Lips Daniel Lisetto Walter Lu¨di Fabian Maillard Didier Maillard Olivier Malingamba Cesare Martinelli Marco Marty Guido Maurer Thomas Meier Andreas Menzi Hanspeter Michel Claude Morandi Jean-Daniel Mueller Philippe Neuhauser Roman Ney Ce´dric Oechslin Michel Ok Marcel Oppliger Rolf Pecoraro Gianluca Pedrett-Vital Madlaina Petrovcic Jana Pfyffer Roland Pidoux Ce´sar Previ Fabien Profichet Wilfrid Reynard Mathieu
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Rickenbach Stefan Rohrer Christian Saulnier Thomas Savioz Caroline Schall Herve´ Schmidt Le´onard Schultze Philipp Schwarz Oliver Schwarz Roman Sekula Robert Siebenmann Nadja Sindoni Pierre Spichiger Je´roˆme Steinemann Thomas Steinmetz Patrick Stierli Jean-Paul Tanner Bruno
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Tavernier Romaine Thums Martin Toscano Manuela Tronconi Marcello Tzionas Evangelos Ullmo Ce´dric Ulrich Franc¸ois Vonwil Vitus Welandagoda Fabian Winkler Michel Winters Guido Wullschleger Rolf Wyss Simon Zadra Enrico Zimmermann Martina Zuber Peter Zufferey Ce´dric