Finance

Finance Group News

Andrew Lo | 2/28/2018
Andrew Lo has been named Risk Manager of the Year for 2017 by GARP (the Global Association of Risk Professionals, comprised of 150,000 members), "for his extensive and distinguished academic work and contributions to the risk management profession." The award will be presented in New York during GARP's 19th Risk Convention.

Andrew Lo | 2/12/2018
Andrew Lo's book Adaptive Markets: Financial Evolution at the Speed of Thought (Princeton University Press, 2017) has won the 2018 PROSE (Professional and Scholarly Excellence Award for Excellence in Social Sciences, from the Professional and Scholarly Publishing (PSP) Division of the Association of American Publishers (AAP).

Antoinette Schoar | 2/1/2018
Antoinette Schoar has been appointed as Co-Director of the NBER (National Bureau of Economic Research) Corporate Finance Program.  The NBER is the nation's leading non-profit economic research organization, dedicated to conducting economic research on a wide variety of issues confronting society and to disseminating research findings among academics, public policy makers, and business professionals.

Andrew Lo awarded the 2017 Harry M. Markowitz Award | 1/29/2018
Andrew Lo, Professor of Finance, has won the 2017 Harry M. Markowitz Award, sponsored jointly by the Journal of Investment Management (JOIM) and New Frontier Advisors, LLC. This annual award honoring the legacy of financial economist and mathematician Dr. Markowitz supports future research and innovation in practical asset management. Professor Lo's winning paper, chosen from 2017 papers published in JOIM, is entitled "Moore's Law Vs. Murphy's Law in the FInancial System: Who's Winning?"

Brattle Group Awards David Thesmar the 2017 Brattle Group Distinguished Paper Prize | 1/19/2018
David Thesmar, Professor of Finance, has been awarded the 2017 Brattle Group Distinguished Paper Prize. Thesmar's winning article, co-authored with Martin Schmalz (Michigan Ross) and David Sraer (UC Berkeley Hass), is entitled, “Housing Collateral and Entrepreneurship.” The article appeared in the February 2017 issue of The Journal of Finance.

Journal of Finance Awards Haoxiang Zhu the Amundi Smith Breeden Prize (First Prize) | 1/17/2018
Haoxiang Zhu, Associate Professor of Finance, has been awarded the annual Amundi Smith Breeden First Prize. Haoxiang's winning article, co-authored with Darrell Duffie (Stanford) and Piotr Dworczak (University of Chicago), is entitled, “Benchmarks in Search Markets.” The article appeared in the July 2017 issue of The Journal of Finance.

Top 1000 Funds.com | 11/09/2017
What are your insurance options in this market?
In This Story: Antoinette Schoar

"Being in the top quartile is still as important as before, but because persistence is going down, you can’t rely on a top-quartile fund in 2000 staying top quartile. What this means for investors is your life is even more difficult."

The New York Times | 10/18/2017
What are your insurance options in this market?
In This Story: Deborah Lucas

"I trust her to make prudent decisions, particularly when it matters most, which is if there is another crisis, Continuity and experience seem especially valuable right now."

CNBC | 08/29/2017
What are your insurance options in this market?
In This Story: Robert C. Merton

“Investors would be wise to review prospects for diversification, hedging or insurance in today's markets, says Robert Merton, distinguished professor of Finance at MIT Sloan.”

Seeking Alpha | 07/12/2017
Adaptive Markets, Passive Indexing, And Systemic Shocks
In This Story: Andrew Lo

“A longstanding academic theory for describing how markets work has finally died. Its impact on investment theory and practice was enormous, but has also led to some risks.”

MarketWatch | 07/11/2017
Here's one reason why expensive stocks can continue to climb
In This Story: Andrew Lo

“Having a large number of passive investors buying and holding index funds for the next 20 years will cause the market's value to continue to rise”

Bloomberg | 07/10/2017
Passive Investing Might Not Be Great for Growth
In This Story: Antoinette Schoar

"There's disturbing evidence that index and exchange-traded funds reduce competition. That's bad news for the economy."