Marie Brière

Photo of Marie Brière
  • Head of Investor Research Center, AMUNDI
  • Associate Professor, Paris Dauphine University
  • Senior Associate Researcher at Center Emile Bernheim,
    Université Libre de Bruxelles

Contact Details

AMUNDI (Asset Management of Crédit Agricole and Societé Génerale)
90 bd Pasteur, 75015 Paris, France
+33 1 76 33 91 61

Background

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  • PhD in Economics, Paris Ouest Nanterre University, 2002
  • Master in Economics, Paris Dauphine University, 1998
  • Graduate of ENSAE (Statistics and Economic Administration Graduate School), 1998

Research

Research Interests

  • Financial Economics, Empirical Finance, Asset Management
  • Financial Crises, Inflation Hedging
  • Long-Term Investing, Pension Funds, Sovereign Wealth Funds

Academic Affiliations

  • Paris Dauphine University
  • Center Emile Bernheim, Solvay Business School, Université Libre de Bruxelles

Other Academic Activities


Teaching

Current Teaching

Past Teaching


Publications

New

  • Brière M., J. Peillex and L. Ureche, “Do Social Responsibility Screens Really Matter? A Comparison with Conventional Sources of Performances", SSRN Working Paper N°2381937, 2014. SSRN
  • Brière M., K. Oosterlinck and A. Szafarz, “Virtual Currency, Tangible Return: Portfolio Diversification with Bitcoins", SSRN Working Paper N°2324780, 2013. SSRN

Papers in refereed journals

    Asset Allocation

  • Aglietta M., M. Brière, S. Rigot, O. Signori, “Rehabilitating the Role of Active Management for Pension Funds", Journal of Banking and Finance, 36(9), September 2012, p.2565-2574. JBF SSRN
  • Sovereign Wealth Funds

  • Bodie Z. and M. Brière, “Sovereign Wealth and Risk Management: a Framework for Optimal Asset Allocation of Sovereign Wealth", Journal of Investment Management, Q1 2014, p.45-61. JOIM SSRN
  • Bodie Z. and M. Brière, “Optimal Asset Allocation for Sovereign Wealth Funds: Theory and Practice", Bankers Markets and Investors, Jan Feb 2014, p.45-61. BMI SSRN
  • Inflation Hedging and Indexed Linked Bonds

  • Brière M. and O. Signori, “Hedging Inflation Risk in a Developing Economy: The Case of Brazil”, Research in International Business and Finance, 27(1), January 2013, p. 209-222. RIBAF SSRN
  • Ang A., M. Brière and O. Signori, “Inflation and Individual Equities", Financial Analyst Journal, 68(4), July-August 2012, p. 36-55. FAJ NBER
  • Brière M., and O. Signori, "Inflation Hedging Portfolios: Economic Regimes Matter", The Journal of Portfolio Management, 38(5), Summer 2012, p. 43-58. JPM SSRN
  • Brière M. and O. Signori, "Do Inflation Linked Bonds Still Diversify?", European Financial Management, 15(2), March 2009, p. 279-297. EFM, Repec
  • Financial Crises and portfolio protection

  • Brière M., A. Chapelle and A. Szafarz, “No Contagion, only Globalisation and Flight to Quality”, Journal of International Money and Finance, 31(6), October 2012, p. 1729-1744. JIMF Repec
  • Brière M., J.D. Fermanian, H. Malongo and O. Signori, "Volatility Strategies for Global and Country Specific European Investors", Bankers, Markets and Investors, November-December 2012, p.17-29. BMI SSRN
  • Brière M., A. Burgues and O. Signori, "Volatility Exposure for Strategic Asset Allocation", The Journal of Portfolio Management, 36(3), Spring 2010, p. 105-116. JPM, SSRN
  • Brière M. and A. Szafarz, "Crisis Robust Bond Portfolios", The Journal of Fixed Income, 18(2), Fall 2008, p. 57-70. JFI, Repec
  • Others

  • Brière M., B. Drut, V. Mignon, K. Oosterlinck and A. Szafarz, “Is the Market Portfolio Efficient? A New Test of Mean Variance Efficiency when all Assets are Risky”, Finance, 34(1), March 2013, p.7-41. Repec
  • Brière M., O. Signori O. and K. Topeglo, "Bond Market Conundrum: New Factors Explaining Long-term Interest Rates?", Bankers, Markets and Investors, 92, jan-feb 2008. Repec
  • Brière M. and K. Chancari, "Perception des risques sur les marchés: construction d’un indice élaboré à partir des smiles d’options et test de stratégies", Revue d’Economie Politique, 4, July-August 2004. cairn.info
  • Brière M., "Les marchés réagissent-ils différemment aux signaux de la Fed et de la BCE ? L’information tirée des smiles d’options", Bankers, Markets and Investors, 67, nov-dec 2003. BMI

Other papers

  • Bodie Z. and M. Brière, “Financing Future Growth: the Need for Financial Innovations”, OECD Journal: Financial Market Trends, 2011 (1).OECD
  • Brière M. and O. Signori, “Inflation Hedging Portfolios in Different Regimes”, in "Portfolio and risk management for central banks and sovereign wealth funds", Bank for International Settlements Paper No 58, October 2011. BIS

Books

  • Brière M., Formation des taux d’intérêt: anomalies et croyances collectives, Economica, collection Recherche en Gestion, 2005. Amazon

Book chapters

  • Brière M., "Managing Commodity Risk: Can Sovereign Wealth Funds Help", in Sovereign Wealth Funds and Long Term Investing, Bolton P., F. Samama and J. Stiglitz, Columbia University Press, 2012. ULB
  • Brière M., A. Burgues and O. Signori, "Volatility as an Asset Class for Long Term Investors", in Interest rate Modelling, Portfolio Optimisation and Quantitative Techniques for Central Banks and Sovereign Wealth Managers, Berkelaar A., Coche J. and Nykolm K. (ed.), Palgrave McMillan. Plagrave
  • Brière M. and F. Ielpo, "Yield Curve Reaction to Macroeconomic News in Europe : Disentangling the US Influence", in Consequences of the European Monetary Integration on Financial Markets, Stavarek D. and Poloucek S. (ed), Newcastle : Cambridge Scholars Publishing, 2008. Amazon Repec
  • Brière M., "Représentations conventionnelles sur les marchés de taux", in L’économie des conventions : méthodes et résultats (tome 2), sous la direction de F. Eymard-Duvernay, La Découverte, Paris, pp. 177-192. Amazon

Working papers

  • Brière M. and A. Szafarz, “Investment in Microfinance Equity: Risk, Return and Diversification Benefits”, SSRN Working Paper N°1776451, 2014. SSRN
  • Brière M. and B. Drut, “The revenge of Purchasing Power Parity on Carry Trades during Crises”, ULB-CEB Working Paper N° 09-013, 2009. Repec
  • Boulier J.-F., M. Brière and J.-R. Viala, “Do Leveraged Credit Modify your Credit Allocation?”, ULB-CEB Working Paper N° 08-014, 2008. Repec
  • Brière M., “Market Reactions to Central Bank Communication Policies: Reading Interest Rates Options Smiles”, ULB-CEB Working Paper N° 06-009, 2006. Repec
  • Brière M. and A. Cohen, “A quoi réagit le marché des obligations privées ?“, ULB-CEB Working Paper N° 06-003, 2006. Repec

Press

  • Brière M., “How to Hedge Inflation Risk : Pay Attention to the Macroeconomic Regime”, Finance Nation, 4, May-June 2011.
  • Brière M., “Les avantages de l’exposition pure à la volatilité complétée par une exposition plus risquées”, Agefi Suisse, May 2011.
  • Borowski D. and Brière M., "Vers une nouvelle énigme obligataire? Ou faut-il craindre une remontée des taux?",Revue Risques, September 2010.
  • Brière M., "Investors should look at volatility as a solution", Global Pensions, May 2010.
  • Brière M., "La volatilité, une classe d'actifs pour les investisseurs à long terme", Revue Banque, June 2009.
  • Brière M., “Pourquoi les taux longs ne remontent plus”, Option Finance, November 2009.
  • Brière M., “Vers Plus de différenciation entre pays européens après la crise”, Revue Banque, December 2009.
  • Brière M., B. Drut, and H. Dänner, “Währungsstrategien in Krisenzeiten”, Absolut Report, 50, July-August 2009.
  • Brière M., A. Chapelle and A. Szafarz, “Diversifier en temps de crise”, La Libre Belgique, septembre 2008.
  • Brière M., “Are Inflation-Linked Bonds good for your portfolio?”, International Investment, August 2008.
  • Brière M. and A. Szafarz, “Optimizing Bond Portfolios through the cycle of financial crises”, Global Pensions, 2008.