-- Luca Regis Associate Professor ESOMAS Department, University of Torino Collegio Carlo Alberto sites.google.com/view/lucaregis Office: +39 011 670 6065 www.carloalberto.org/lti *-------------------------------------------------------------------------------------------------------------------------------------- * *Call For Visiting Fellowships LTI@UniTO Research Fellowships* Long-Term Investors@UniTo (LTI@UniTO, https://www.carloalberto.org/lti) is pleased to announce the availability of up to 5 Research Fellowships for the year 2023. LTI@UniTO is a think tank established as a joint initiative of the Università di Torino and of the major Italian market players in long term financing. Through the Fellowship program, LTI@UniTO aims to foster research in long-term investing and to assess its features, perspectives, contribution to growth and stability. The think tank supports independent research and informs the debate between long-term investors and policymakers. Fellowships are awarded to either junior or senior scholars to spend a two month visiting period at Collegio Carlo Alberto (Torino, Italy) working on a research program relevant to long-term investors. The fellowship amount is 16000 euros for senior scholars and 6000 euros for junior scholars. APPLICATION PROCEDURE: Candidates must send their application (CV + research program, approximately 2 pages) to lti@carloalberto.org before midnight, ECT, September 10th, 2022. Please enter “LTI CALL FOR FELLOWS” in the email subject. For further information, please contact lti@carloalberto.org SENIOR FELLOWSHIPS: - Applicants must have a publication history in top Finance/Econ academic journals. - Receivers of the fellowships will conduct their own research for a period of two months at UNITO/Collegio Carlo Alberto (CCA). - The research program should be related to one of the themes in the Strategic List below and must be included in the Application. A final working paper is required, a seminar at UNITO/CCA is compulsory. Another seminar/workshop, targeted to our sponsors, may be requested. - Total remuneration (for the entire period – gross and including all expenses): € 16000. - There are up to three positions available. - A joint Junior Fellowship can be assigned, if required by the Senior Applicant in his proposal (name of the proposed junior applicant can be included too). - Research Assistantship, if needed, may be requested once the fellowship is awarded. JUNIOR FELLOWSHIPS: - Candidates are Ph.D. Students or young scholars with a PhD in Finance, Economics or a related field. - Receivers of the fellowships will conduct research under the supervision of a Senior Fellow or a UNITO/CCA’s Finance faculty for a period of two months at CCA/UNITO. - The research program should be related to one of the themes in the Strategic List below and must be included in the Application. A final working paper is required, a seminar at UNITO/CCA is compulsory. - Total remuneration (for the entire period –gross and including all expenses): € 6000. - There are up to two positions available. STRATEGIC LIST: - Interaction between financial markets and the real economy: start-up funding, impact investments, infrastructure, SME financing; - Role of LTIs in traditional financial markets (systemic risk, stability, pro or countercyclicality, liquidity, impact on prices), as well as on private markets; risk and return of private markets (private equity, private debt, private placements); - Asset Management or ALM of LTIs, including past experiences, models, benchmarking, constraints on expenditures and liabilities; - Innovative Asset Classes and LTIs; - Mandates, delegation and effectiveness of monitoring (short term accountability versus long-term strategies); optimal contracts in delegated portfolio management: benchmarking and bonus/target incentive schemes; - The collective costs of short-horizon investment and their control (regulatory constraints); - Fintech and LTIs: opportunities and risks; - Benefits and costs of financial regulation and macro prudential policies that matter to LTIs; - The impact of crises on LTIs and the role of LTIs in market crashes and recovery; - Real estate and real estate funds: risk, return and their role in the ALM of LTIs; - LTIs, sustainable finance and Green Financing; the role of LTIs in the transition toward a greener economy; greenwashing and challenges of implementing ESG strategies. - Responsible investing: screening or engagement; exit or voice; - Digitalisation, artificial intelligence, new technologies and their impact on LTIs’ business and financial practices; - Emerging risks: health risks, cyber risks, catastrophic risks, business interruption and their impact on LTIs.