Hong Kong Masterclass and Reception 2018

Thursday 8 November 2018
Registrations from 18:45
The Excelsior
281 Gloucester Road
Causeway Bay, Hong Kong

Registration is now closed. If you would like to attend, please email Kaisa.Proos@city.ac.uk.


City University of London and Cass Business School are pleased to invite all alumni to an evening masterclass and reception in Hong Kong. The evening will give you an opportunity to reconnect with former City and Cass colleagues, participate in an engaging masterclass, learn of new developments at the University and to meet with current staff. 

Dr Dirk Nitzsche, Senior Lecturer in Finance, Course Director of the MSc in Quantitative Finance and Associate Dean for Internationalisation at Cass Business School will be delivering an interactive masterclass about expectations from stock markets over the next decades. 

What can we expect from stock markets over the next decades? 

The second half of the 20th century saw a tremendous increase in the value of stocks all over the world and in particular the US. This is known as the equity premium puzzle in the literature. Despite a couple of financial crisis in the 21st century stock markets all over the world are still performing well. One question on everyone’s mind is what can we expect from the stock market over the next few decades (the long run)? This is an important question for pension funds, policy makers as well as retail and institutional investors. This Masterclass looks at a simple model to determine the fair value of stock markets and draws some conclusion about what we can expect long term returns on stock market to be. Can we expect similar high returns over the next 30 years than what we have seen since the 1980s?


18.45 – 19.15                    Registration and welcome drinks
19.15 – 20.00                    Welcome and masterclass
20.15 – 21.30                    Reception and Networking


Header image © Flickr user jonathan-leung