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The European Association for Banking and Financial History (eabh) e.V.

Conference

Institutional Investors

The history of professional fund management

26 Oct 2018

United Kingdom

eabh in cooperation with Schroders and Banque Lombard Odier

Up to the beginning of the 20th century stocks were primarily owned by wealthy private individuals. Now, 100 years later, institutional investors hold almost twice the amount. They have 112trn assets under management (AUMs) compared to the 72,3trn that were held by High-Net-Worth-Individuals in 2016. The ascent of institutional investors as one of the most powerful players on global financial markets today is a highly relevant yet under researched topic.

This conference will ask the question of when, how and why this massive structural shift happened? And which are the consequences for our societies? How can we set policy frameworks today in a way that ensures that these investors will be able to deliver adequate pension payments in the future?

 

Programme

26 October Institutional Investors
The history of professional fund management

9.45 Welcome Coffee

10.00 Keynote
Hugo Banziger, Banque Lombard Odier and eabh

10.30 A brief history of Schroders and investment management
Caroline Shaw, Schroders

11.00 Early institutional investors and their importance for the Amsterdam financial system
Joost Jonker, Amsterdam University

11.30 Coffee

11.45 The evolution of the ‘averaging’ investment trust in the UK, 1880 to 1914
Janette Rutterford, The Open University

12.15 Quotas and prudence: German pension funds and their asset management function in a historical perspective
Thomas A. Jesch, Bundesverband Institutioneller Investoren (bii)

12.45 Lunch

14.00 Panel Discussion

• Irshaad Ahmad, Allianz Global Investors
• Hugo Banziger, Banque Lombard Odier
• Malcolm Herring, Barings

14.30 The Big Bang: Stock market capitalisation in the long run
Kaspar Zimmermann, Bonn University

15.00 Make capital efficient. Non-Life insurance as institutional investor, underlying mechanisms and the experience of Zurich Insurance Company 1872-1950
Christofer Stadlin, Zurich Insurance Company

15.30 Coffee

15.45 tbc
Sabrina Sigel, Banque Lombard Odier

16.15 The rate of return on everything
Moritz Schularick, Bonn University

16.45 Closing Remarks

Date

26 Oct 2018

Location

Schroders
1 London Wall Place
London EC2Y5AU

United Kingdom

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