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Risk Management Symposium 2018

About the event

The Private Equity Institute, Saïd Business School, Oxford, will host the annual Risk Management Symposium 22-23 November 2018.

Private equity’s illiquid nature means it is often perceived as one of the riskiest asset classes. However, it is precisely the associated risk premium that attracts institutional investors to private equity. Risk management in this area is still predominantly associated with risk avoidance, whereas harvesting the illiquidity risk premium requires specific management techniques for seeking risks in order to achieve an attractive risk/return relationship for private equity portfolios. The symposium aims to advance private equity portfolio management practices and build a community of private equity practitioners and academics with a view to extending both the theoretical understanding and practical management of the issues raised.

The symposium is a unique opportunity for major industry stakeholders and academics to discuss the current state of risk management in private equity, and plans for the future.

Chaired by Professor Tim Jenkinson, Saïd Business School, University of Oxford and and Thomas Meyer, MJ Hudson.

Programme - Thursday 22 November

18:30 - 19:00

Registration and drinks reception

19:00 - 19:10

Welcome and introduction

Tim Jenkinson, Professor of Finance and Director, Private Equity Institute, Saïd Business School, University of Oxford, with an introduction to the evening by Thomas Meyer, Director, MJ Hudson, Luxembourg

19:10 - 20:00

Pre-Symposium dinner talk: The Commenda - risk financing in medieval Venice

Hans Lovrek, Managing Director, Commenda Private Equity Consulting

20:00 - 22:00

Networking Dinner - sponsored by LDS Partners, 17Capital and MJ Hudson

Programme - Friday 23 November

08:30 - 09:00

Registration and welcome coffee

09:00 - 09:15

Welcome and introduction

Thomas Meyer, Director, MJ Hudson, Luxembourg

09:15 - 10:00

Hostages to fortune: the problem of LPs and GPs being misaligned

Eamon Devlin, Lawyer and Managing Partner, MJ Hudson

10:00 - 10:45

Making heads and tails of private equity risk: A distribution-based approach

Avi Turetsky, Director of Quantitative Research, Landmark Partners

10:45 - 11:15

Coffee break

11:15 - 12:00

Quantitative strategies for private equity portfolio construction

Sofia Gertsberg, Senior Vice President, Investment Risk, HarbourVest

12:00 -13:00

Lunch

13:00 - 13:45

Adventures in risk budgeting: embarking on the impact-weighted journey

Elias Korosis, Partner, Hermes GPE

13:45 - 14:00

Coffee break

14:00 - 14:30

Is it worth trying to time private equity allocations?

Tim Jenkinson, Professor of Finance and Director, Private Equity Institute, Saïd Business School, University of Oxford

14:30 - 15:15

Timing the market in practice - can it be done?

Moderator: John Renkema, Senior Portfolio Manager Private Equity, APG

Panellists:

  • Augustin Duhamel, Managing Partner, 17Capital
  • Elias Korosis, Partner, Hermes GPE

Guest: 

  • Tim Jenkinson, Professor of Finance and Director, Private Equity Institute, Saïd Business School, University of Oxford

15:15 onwards

Networking reception