Experience Stern | News & Events

Excerpt from Fortune -- "In a paper published in 2009, NYU Stern School of Business professor April Klein looked at 151 activist hedge fund targets between 2003 and 2005. She found that out of those 151 targets, activist shareholders received a seat on the board about 44% of the time."

Excerpt from Global Finance Magazine -- "Pay for the ratings with advertising. This could be lucrative if ratings agencies were to publish their ratings on a website in real time and the ads were online, notes Lawrence White, an economics professor at the NYU Stern School of Business."

Excerpt from Leaders Edge Magazine -- “The fact that I ended up going to NYU because someone I never knew decided that I should get financial aid was a real eye-opening experience,” Berkley says. “What an incredible thing to have happen. It’s something I remember all the time.”

Excerpt from Financial Times -- " ... the US Treasury market after the end of the Second World War ... yields on long-term Treasuries hovered around 2 percent. 'This was the crest of the 26-year bull bond market,' write Sidney Homer and Richard Sylla in 'A History of Interest Rates.'"

Excerpt from Harvard Business Review -- "The economist Paul Romer is credited with leading the new growth theory, which holds that growth has no natural limits because the capacity for technological innovation is unlimited. Investments in human capital increase rates of return, in his view."

Excerpt from CNN -- " ... every known religion has some sort of rite or procedure for taking people out of their ordinary lives and opening them up to something larger than themselves. It was almost as if there was an "off" switch for the self, buried deep in our minds, and the world's religions were a thousand different ways of pressing the switch."

Excerpt from The New York Times -- " ... even when unconstrained, price movements are often insufficient to clear markets, as pointed out by George Akerlof, A. Michael Spence and Joseph Stiglitz in work that garnered them the Nobel Prize. This outcome is particularly likely in markets where both sides of an economic transaction have differing sets of information, like in the credit market."

Excerpt from All You Magazine -- "Research [by Professor Priya Raghubir] shows that you might be less likely to break a $50 bill for a spur-of-the-moment purchase than smaller currency."

Excerpt from Barron's -- "'Income taxes were quite low, and most people didn't pay them at all,' says Richard Sylla, professor of economics and financial history at NYU's Stern School of Business. Wages were much lower, too."

Excerpt from Fox News -- Professor Aaron Tenenbein discussed the recent Mega Millions jackpot in an exclusive interview with Fox News.

Excerpt from Financial Times -- "From their findings [Chugh and co-authors] suggest that men in traditional marriages are more likely to consider companies that have women leaders to be relatively unattractive and are also more likely to deny qualified female employees opportunities for promotion."

Excerpt from Bloomberg Businessweek -- "NYU Stern School of Business, Maria Bartiromo, anchor of CNBC’s Closing Bell and anchor/managing editor of the Wall Street Journal Report with Maria Bartiromo, on May 17."

Excerpt from Financial Times -- "Prof Pedersen and Frazzini found this anomaly works in every market they tried. In all cases, taking less risk leads to higher returns relative to the amount of risk taken."

Excerpt from CNBC -- “The euro zone needs a real depreciation in the periphery to achieve the restoration of growth, external balance and competitiveness. ... The periphery needs to have the euro closer to parity with the US dollar.”

Excerpt from Financial Times -- "Mr Pojarliev and co-author Richard Levich conclude: 'We find no evidence to support alpha persistence; a manager’s alpha in one year is not significantly related to his alpha in the prior year. On the other hand, there is substantial evidence for style persistence; funds that rely on carry, trend or value trading or with a long/short bias toward currency volatility are likely to maintain that style in the following year.'"

The First Annual Stern Hedge Fund Association (SHFA) Summit, themed "Headwinds and Tailwinds: Capitalizing on Volatile Markets," will provide a forum for leaders within the hedge fund and alternative investment industries to discuss opportunities and challenges facing investors in the post-2008 financial environment.

Budding entrepreneurs from across NYU convened in Stern’s Paulson Auditorium to hear from Ben Kaufman, CEO and founder of Quirky.com.

Excerpt from US News & World Report -- "Bonds have rallied too, with US treasuries returning an average of 8.5 percent in 2010 and 16 percent in 2011, according to data compiled by New York University's Stern School of Business."

Graduate marketing students gathered for a forum with E. Craig Stacey, research director for the NYU Stern Center for Measurable Marketing and founding partner of The Marketing Productivity Group.

Academics and practitioners in the field of financial econometrics from around the world gathered in the Netherlands for a conference on "Measuring and Understanding Asset Price Changes: The Price of Liquidity, and the Liquidity of Price." Co-hosted by The Society for Financial Econometrics (SoFiE), which is housed within the NYU Stern Volatility Institute, and the Tinbergen University in Amsterdam, the event featured keynote speakers Thierry Foucault, HEC, Paris; Pete Kyle, University of Maryland; and Richardo Lagos, NYU. Nobel Laureate Professor Robert Engle’s co-authored research on “Liquidity and Volatility in the US Treasury Market: Evidence from a New Class of Dynamic Order Book Models?” was also presented.

Excerpt from TIME -- "If the human capacity for self-transcendence is an evolutionary adaptation, then the implications are profound. It suggests that religiosity may be a deep part of human nature."

Excerpt from Minyanville.com -- "I had the pleasure of listening to a webinar presented by Professor Marti Subrahmanyam of the NYU Stern School of Business last week. Some of the incentives created by CDS include what is referred to as an “empty creditor” problem; this is someone who is both long the bond and the CDS protection and therefore has no net economic exposure."

On March 26, Jared Cohen, Director of Google Ideas, spoke to Stern MBA students, sharing his story as part of the first Stern Signature Series event, a student-designed speaker series.

Excerpt from MarketWatch -- "Altman expanded his Z-score to a family of formulas to expand its application beyond publicly held manufacturing companies. Z-score, Z-prime and z-double prime can be used for public and private companies for manufacturing and non-manufacturing. Now it is more available and easier to use than ever."

Excerpt from Financial Times -- "Two influential academics were also included, both of whom have argued in favour of speed trading. ... Joel Hasbrouck of the New York University Stern School of Business co-authored a paper finding that high-speed trading 'improves traditional market quality measures.'"