Retirement planning is easier than you think
Planning for retirement is a daunting undertaking for many 鈥� but it does not have to be.
Professor Sebastien Betermier sits down with La Presse to share ten practical tips that individuals can adopt to ensure a comfortable lifestyle well into their old age.
Money management with Prof. Vadim di Pietro
In collaboration with 香蕉视频鈥檚 鈥淏oost Your Health鈥� lecture series, Professor Vadim di Pietro will offer expert tips to relieve financial stress 鈥� one of the greatest threats to personal health & wellness.
Students respond with answers to looming U.S. pension crisis
Professor Sebastien Betermier sits down with La Presse to discuss the second annual McGill International Portfolio Challenge (MIPC), which brought forward the fresh perspectives of 25 international student teams as they attempted to solve the severe underfunding of U.S. state pensions.
Looking closer at Italy鈥檚 economy
With the release of Italy鈥檚 new budget law, Professor Francesca Carrieri explores the current state of the country鈥檚 economy, emphasizing that any economic growth must come with structural reform to ensure sustainability.
Professor Augustin to speak at high-profile conference
Professor Patrick Augustin will be joining the Canadian Association of Alternative Strategies & Assets (CAASA) as a speaker at their annual conference in November.
Taking place in Montreal, the CAASA Annual Conference brings together institutional investors, central bankers, investment managers, and service providers from across Canada, the U.S., Europe, the Middle East, and Asia.
Quebec trails in cannabis industry
As the legalization of cannabis approaches, La Presse reports that Quebec is trailing other Canadian provinces where the industry has flourished comparatively faster.
Professor Ken Lester comments on some of the obstacles that might be at play, mentioning Quebec鈥檚 religious heritage as contributing factor.
Prof. Betermier awarded funding from National Pension Hub
Professor Sebastien Betermier has been awarded $70,000 over two years by the National Pension Hub (NPH), a consortium of Canada鈥檚 leading pension funds that is seeking to promote academic research in this field.
The NPH will support Professor Betermier鈥檚 research proposal entitled, 鈥淒rivers of Successful Pension Investing: Lessons from the Canadian Model.鈥�
Quebec鈥檚 upcoming election and legalized marijuana
Much has been debated over the course of Quebec鈥檚 electoral campaign, including the minimum age for legalized marijuana consumption.
Professor Ken Lester argues that the CAQ鈥檚 stance is far from responsible, alleging that a 21-year-old minimum age will not prevent usage among those below the cut-off.
CPPIB goes green
With news that the Canada Pension Plan Investment Board (CPPIB) became the first pension fund in the world to issue a green bond, thereby facilitating investment in cleaner technologies, Professor Sebastien Betermier comments on the implications, as well as the success of defined benefit (DB) pensions in Canada.
Danger still looms a decade after financial crash
Despite improvements made to manage risk better, experts such as Desautels Professor Mo Chaudhury warn that the US financial system remains dangerously vulnerable to future crashes.
鈥淲hat is good for Wall Street and banks is not always good for the general citizenship,鈥� explains Prof. Chaudhury.
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A report to navigate the future financial landscape
Professor Patrick Augustin, together with a think tank from the World Economic Forum, authored a report entitled, GFC on Financial and Monetary Systems, which lays out the risks and challenges facing the increasingly disrupted financial domain.聽
Will Quebec鈥檚 black market stymie marijuana business ventures?
A vote on the federal government鈥檚 cannabis bill, C-45, is scheduled in the Senate for June 7 鈥� bringing the country closer to legalization.
In the midst of this, experts such as Professor Ken Lester are weighing in about whether legalized marijuana can thrive in Quebec where the black market is known to be pervasive. 聽
Duped by the promise of riches, investors are left in the cold
Graphite Energy Corp (GRXXF), a Vancouver company with a mining operation in the Laurentians, was believed to be the next big thing among investors.
With news that their stock has crashed, Professor Ken Lester shares his commentary on the turn of events.聽
Professor Patrick Augustin wins 2018 Arthur Warga Award for Best Paper in Fixed Income
Assistant Professor in Finance, Patrick Augustin, recently received the 2018 Arthur Warga Award for Best Paper in Fixed Income at the Society for Financial Studies (SFS) Calvalcade North America 2018 with co-authors Mikhail Chernov and Dongho Song.
Informed Options Trading Prior to Takeover Announcements: Insider Trading?
Authors: Patrick Augustin, Menachem Brenner, Marti G. Subrahmanyam
Publication: Management Science, May 21, 2019
Abstract:
We quantify the pervasiveness of informed trading activity in target companies' equity options before the announcements of 1,859 U.S. takeovers between 1996 and 2012. About 25% of all takeovers have positive abnormal volumes, which are greater for short-dated out-of-the-money calls, consistent with bullish directional trading before the announcement. Over half of this abnormal activity is unlikely due to speculation, news and rumors, trading by corporate insiders, leakage in the stock market, deal predictability, or beneficial ownership filings by activist investors. We also examine the characteristics of option trades litigated by the SEC for alleged illegal insider trading. While the characteristics of such trades closely resemble the patterns of abnormal option volume in the U.S. takeover sample, we find that the SEC litigates only about 8% of all deals in it.
