The Jacobs Levy Center at Wharton will host its annual Frontiers in Quantitative Finance Conference on Friday, September 26, 2025.
The conference will include a ceremony to award the 2025 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation to Sanford “Sandy” J. Grossman, the Steinberg Trustee Professor Emeritus of Finance at the Wharton School. He will be honored for his pioneering work on the interplay between market efficiency, information asymmetry, limits to arbitrage, active management and the impact of trading and liquidity on price formation, based on his paper, On the Efficiency of Competitive Stock Markets Where Trades Have Diverse Information (Journal of Finance, 1976). The ceremony will begin at 3:15 p.m.
The following papers will be presented during the conference:
Money Management and Real Investment
Presenter: Simon Gervais, Fuqua School of Business, Duke University
Intangibles Investment and Asset Quality
Presenter: Robert Korajczyk, Kellogg School of Management, Northwestern University
The Cross-section of Subjective Expectations: Understanding Prices and Anomalies
Presenter: Sean Myers, The Wharton School, University of Pennsylvania
Pricing Kernel in High Dimension: Factor Selection, Publication Bias and Relation to Corporate Bonds
Presenter: Guofu Zhou, Olin Business School, Washington University in St. Louis
Recent Jacobs Levy Center conferences have drawn several hundred attendees including faculty, students, and financial practitioners. Past winners of the Wharton-Jacobs Levy Prize include Harry Markowitz, William Sharpe, Stephen Ross, Ray Ball and Philip Brown, Narasimhan Jegadeesh, Sheridan Titman, and Albert “Pete” Kyle.
All events will take place at the New York Marriott Marquis.
Please contact us with any questions about this event at jacobs-levy-center@wharton.upenn.edu.