Open the program for the 2025 Frontiers in Quantitative Finance Conference.
Welcome Remarks
Christopher Geczy, Adjunct Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School, University of Pennsylvania
Craig MacKinlay, Joseph P. Wargrove Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School, University of Pennsylvania
Erika James, Dean, The Wharton School, University of Pennsylvania
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management; Chair of the Advisory Board, Jacobs Levy Center
Jacobs Remarks
Which Factors Matter In the Pricing Kernel?
Presenter:
Guofu Zhou, Frederick Bierman & James E. Spears Professor of Finance, Olin Business School, Washington University in St. Louis
Discussant:
Robert Stambaugh, Miller Anderson & Sherrerd Professor of Finance, The Wharton School, University of Pennsylvania
Paper | Zhou Slides | Stambaugh Slides
The Cross-section of Subjective Expectations: Understanding Prices and Anomalies
Presenter:
Sean Myers, Assistant Professor of Finance, The Wharton School, University of Pennsylvania
Discussant:
Ray Iwanowski, Founding Principal, SECOR Asset Management
Paper | Myers Slides | Iwanowski Slides
Intangibles Investment and Asset Quality
Presenter:
Robert Korajczyk, Harry G. Guthmann Professor of Finance, Kellogg School of Management, Northwestern University
Discussant:
Luke Taylor, John B. Neff Professor of Finance, The Wharton School, University of Pennsylvania
Paper | Korajczyk Slides | Taylor Slides
Presentation of the 2025 Jacobs Levy Center Research Award
Officiants:
Christopher Geczy, Adjunct Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School, University of Pennsylvania
Craig MacKinlay, Joseph P. Wargrove Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School, University of Pennsylvania
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management; Chair of the Advisory Board, Jacobs Levy Center
Ken Levy, Principal and Co-Founder, Jacobs Levy Equity Management
Jacobs and Levy Remarks
Money Management and Real Investment
Presenter:
Simon Gervais, Professor of Finance, The Fuqua School of Business, Duke University
Discussant:
David Musto, Ronald O. Perelman Professor in Finance, The Wharton School, University of Pennsylvania
Paper | Gervais Slides | Musto Slides
Presentation of the 2025 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation
Officiants:
Christopher Geczy, Adjunct Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School, University of Pennsylvania
Craig MacKinlay, Joseph P. Wargrove Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School, University of Pennsylvania
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management; Chair of the Advisory Board, Jacobs Levy Center; Chair of the Wharton-Jacobs Levy Prize Selection Committee
Ken Levy, Principal and Co-Founder, Jacobs Levy Equity Management
Special Presentation:
Sanford “Sandy” J. Grossman, Steinberg Trustee Professor Emeritus of Finance, The Wharton School, University of Pennsylvania
More on the Prize | Jacobs and Levy Remarks
Closing Remarks
Christopher Geczy, Adjunct Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School, University of Pennsylvania