The conference will include a ceremony to award the 2025 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation to Sanford “Sandy” J. Grossman, 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 Prize will be presented at the Jacobs Levy Center’s conference on September 26, 2025, at the New York Marriott Marquis.
2025 PRIZE SELECTION COMMITTEE
- Bruce Jacobs (Committee Chair)
Principal and Co-Founder, Jacobs Levy Equity Management - Chris Geczy (Ex-Officio)
Adjunct Professor of Finance and Academic Director, Jacobs Levy Equity Management Center for Quantitative Financial Research, The Wharton School - Robert Korajczyk
Harry G. Guthmann Professor of Finance and Co-Director, Financial Institutions and Markets Research Center, Northwestern University Kellogg School of Management - Owen Lamont
Senior Vice President and Portfolio Manager, Acadian Asset Management - Deborah Lucas
Sloan Distinguished Professor of Finance and Director, MIT Golub Center for Finance and Policy, MIT Sloan School of Management - Ingrid Tierens
Managing Director, Head of Data Strategy for Global Investment Research, Goldman Sachs
