13th Summer University of Asset Management

The 13th Summer University of Asset Management (UeAM), organized by the House of Finance of Université Paris Dauphine – PSL, in partnership with BoursoBank and Sanso Longchamp AM, will take place on Thursday, August 27, 2026, at Université Paris Dauphine – PSL.

The "Silver Tsunami" illustrates the scale of today's demographic transformation: persistently declining birth rates, increasing life expectancy, and rapidly ageing populations. By 2050, the number of people aged over 60 is expected to double, placing increasing pressure on healthcare systems, pension schemes, and economic stability, against a backdrop of slowing economic growth and labour market tensions. While productivity gains could partly offset these effects, they remain uncertain in the face of profound demographic changes.

At the same time, these trends are creating new opportunities, particularly in healthcare, long-term care, medical technologies, and automation. For the asset management industry, they require a fundamental rethink of long-term financing models and investment strategies, with greater emphasis on extended investment horizons and growing intergenerational needs.

Against this backdrop, the next edition of the Summer University of Asset Management (UeAM) will focus on these issues, exploring both the challenges and the solutions needed to support these major transitions. Organized by the House of Finance at Université Paris Dauphine – PSL, in partnership with BoursoBank and Sanso Longchamp AM, this 13th edition will bring together economists, investors, strategists, fund selectors, and asset managers to discuss the implications of demographic change and collectively explore the future of the asset management industry.

Preliminary Programme

2:00 PM – Opening Remarks
Elyès Jouini, Professor, Director of the House of Finance, Université Paris Dauphine – PSL, Board Member of the Institut Universitaire de France

2:05 PM – Demographic Change: What Are the Global Projections for 2100? Have Demographic Shocks Been Underestimated?
Hippolyte d'Albis, Professor of Economics, ESSEC Business School, author of Économie des âges de la vie (Odile Jacob)

2:30 PM – What Is the Relationship Between Demographic Growth and Economic Growth? Long-Term Macroeconomic Scenarios
Matthieu Barrailler, PhD, Quantitative Engineer, Sanso Longchamp AM

2:50 PM – The Great Wealth Transfer or the Silver Tsunami: After the Accumulation Phase, How Will Savers Manage the Decumulation Phase? How Will Investors Respond?
Jean-François Bay, Head of Private Banking, BoursoBank

3:10 PM – Investing for the Long Term in an Ageing World: Asset Allocation, Strategies, and Priorities
Investor Roundtable, moderated by Nicolas Duban, Strategy Advisor

With the participation of:
Jean-Pierre Mottura, Chief Executive Officer, Capssa

4:00 PM – Investment Solutions for Retirement

• Asset Allocation: Long-term market expectations and retirement savings solutions – JPMorgan Asset Management
• Thematic Equities: Which equity strategies and themes in an ageing world? Healthcare, biotechnology, security, robotics, AI, etc. – Fidelity International
• Fixed Income: Bond investing in an ageing and highly indebted world. What outlook for inflation and interest rates? – Sycomore Asset Management
• Alternative Investments: Private assets, structured products, hedge funds—what diversification opportunities? – Société Générale Investment Solutions

5:20 PM – Future Demographic Scenarios: How Can We Prepare?
Forward-looking roundtable, moderated by Thibaut Prebay, Economist specializing in demographics, author and columnist for Les Échos.

With:

• Thibault Laconde, Engineer (Supélec), Climatologist, Founder of Callendar
• Dominique Rieger, PhD, CFA, HBM Healthcare Investor

6:00 PM – Closing Remarks: The Asset Management Industry and the Retirement Challenge
Jean-Pierre Grimaud, Chief Executive Officer, OFI AM, Member of the Strategic Committee of the French Asset Management Association (AFG).

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