Three papers from **Uni Liechtenstein** at the 5th [Frontiers of Factor Investing](https://wp.lancs.ac.uk/fofi2026/) Conference

Three papers from researchers at the University of Liechtenstein were presented at the 5th Frontiers of Factor Investing Conference at Lancaster University Management School (15–17 April 2026) — one of the leading academic venues for empirical asset pricing and factor investing research.

Oral presentation (Session 4B — Volatility Investing):

• Low Risk, High Variability: Practical Guide for Portfolio Construction — Gianluca De Nard (with Antonello Cirulli, Patrick Walker, Joshua Traut)

Poster presentations:

• Breaking Bad: Parameter Uncertainty Caused by Structural Breaks in Stocks — Sebastian Stöckl (with Lukas Salcher)
• Are There Fences in the Global Factor Zoo? — Sebastian Stöckl (with Merlin Bartel, Joshua Traut)