Japan’s GPIF Reveals Active Foreign Equities Manager Lineup

by Natalie Koh and Douglas Appell, Pensions & Investments, January 11, 2023: Japan’s Government Pension Investment Fund has awarded Jacobs Levy Equity Management a mandate.

Bernanke, 2 Economics Professors Share Nobel Prize for Studies of Financial Crises

by Rob Kozlowski, Pensions & Investments, October 10, 2022: Former Federal Reserve Chair Ben S. Bernanke and economics professors Douglas W. Diamond and Philip H. Dybvig were recognized for “the scientific underpinnings of banks’ critical role as financial intermediaries and the catastrophic consequences to society when they fail,” said Bruce Jacobs... “The insights of all three laureates played a prominent role in banking legislation that emerged after the 2008-09 crisis.” These new regulations “improved the resilience of the banking system and allowed it to avoid a major calamity during the pandemic, although it did leave behind an inflation problem,” adding that their insights helped “ensure that recent crises, including the economic disarray caused by the pandemic in 2020, did not turn into long-term economic depressions.”  

 

2 Win Wharton-Jacobs Levy Prize for Paper on Momentum Investing

by Rob Kozlowski, Pensions & Investments, September 13, 2022: Pensions & Investments covered the awarding of the 2021 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation to Narasimhan Jegadeesh and Sheridan Titman for their research on momentum investing. Bruce Jacobs, Chair of the Prize Selection Committee,... recognized that Jegadeesh and Titman’s paper represented a significant advancement for the investment industry in providing strong evidence against the efficient market hypothesis. “They documented a factor of considerable strength and robustness that could be harnessed by skilled practitioners for the benefit of investors,” Bruce said.