Finance Group

MIT is often referred to as home to the “pioneers of modern finance,” including luminaries such as Fischer Black, John Cox, Robert Merton, Franco Modigliani, Stewart Myers, Stephen Ross, Paul Samuelson and Myron Scholes. With traditions deeply rooted in finance, today the MIT Sloan Finance Group continues its commitment to training the next generation of finance professionals. Through new programs, growing course offerings, and a commitment to groundbreaking research and policy analysis, MIT remains a leader in financial thought and…
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There is growing consensus that the bench-to-bedside process of translating biomedical research into effective therapeutics is broken. In a paper published in the October 2012 issue of Nature Biotechnology, my coauthors, Jose-Maria Fernandez and Roger M. Stein, and I suggest that this is caused in large part by the trend of increasing risk and complexity in the biopharma industry. This trend implies that the traditional financing vehicles of private and public equity are becoming less effective for funding biopharma because…
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  The late Franco Modigliani, who won the 1985 Nobel Memorial Prize in Economic Sciences, was celebrated April 9 for his many contributions to the field of economics and his lasting legacy at MIT, where he taught for more than four decades. Fellow economists, former students, Boston-area professionals, and family gathered at the MIT Faculty Club for the two-hour long “A Celebration in Honor of Franco Modigliani” to delve into the academic giant’s work in economics and finance and to…
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Private equity firms must expand beyond their traditional geographic interests and industry expertise to be successful, Bain Capital’s Steve Pagliuca told a gathering of industry professionals at the 10th Annual MIT Sloan Private Equity Symposium on April 5. “The successful players are going to have a huge value-added focus,” said Pagliuca. “You’re going to have to have a global reach, deeper expertise, and the ability to find and evaluate the best deals in the market.” Pagliuca, managing director of the…
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