Jacobs Levy Ballroom Lobby: Naming Recognizes Leadership Benefactors

Park Avenue Club Newsletter, June 2025: The Park Avenue Club in Florham Park, NJ, has named its ballroom lobby in recognition of a generous gift to the Park Avenue Foundation by Bruce Jacobs and Ken Levy. The new Jacobs Levy Ballroom Lobby... joins the Jacobs Levy Recognition Corridor-Main Lobby in tribute to the benefactors, who have used the club since 2001 for business meetings and the Jacobs Levy annual holiday party. “We are proud to support the Foundation’s mission and the important work of its member charitable organizations,” Jacobs said.

Japan’s GPIF Updates Manager Hires for Fiscal Year

by Douglas Appell, Pensions & Investments, March 7, 2025: Japan’s Government Pension Investment Fund has awarded Jacobs Levy Equity Management two additional mandates as of June 6, 2024.

‘Factor Zoo’ Paper Wins Top Prize in Bernstein Fabozzi/Jacobs Levy Awards

by Rob Kozlowski, Pensions & Investments, March 4, 2025: “Factor Zoo (.zip)” by Alexander Swade, Matthias Hanauer, Harald Lohre, and David Blitz won Best Article in the 26th Annual Bernstein Fabozzi/Jacobs Levy Awards. The winning authors sought to determine the minimum number of factors that could explain all factor alphas... Beginning with the CAPM market factor, the authors iteratively added factors that best captured any remaining factor alpha until they arrived at a model that eliminated all remaining factor alphas, reducing 153 U.S. equity factors to a set of 15 that can explain what they call the “factor zoo.” Bruce Jacobs, principal and co-founder of Jacobs Levy Equity Management, noted that “the authors’ analysis shows that many more factors are needed to explain returns than the three to six factors found in most academic factor models and highlights the importance of ongoing innovation in factor research.” All research articles that appeared in the Journal of Portfolio Management in 2024 were eligible for the award, which was voted on by subscribers.