Long-Term Investors@UniTo (LTI@UniTO) 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.

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 any further information, please visit www.carloalberto.org/lti and/or 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.

DOWNLOAD THE CALL FOR FELLOWSHIPS