News & Events

In the News

Coverage of research supported by the Jacobs Levy Center and other news.

2024

Wharton’s Jacobs Levy Center to Investigate AI in Finance, at Annual Conference
Press Release | September 17, 2024
2024 Frontiers in Quantitative Finance Conference

Why ETFs Are Scoring Over Mutual Funds
Knowledge at Wharton | July 29, 2024
Research: Anna Helmke

Home Insurance Rates in America Are Wildly Distorted. Here’s Why.
New York Times | July 8, 2024
Research: Benjamin Keys

The Impact of AI on the Finance Sector
Wharton Business Daily | June 17, 2024
Research: Winston Wei Dou and Itay Goldstein

How Financial Frictions Could Hinder Innovation
Wharton Business Daily | June 13, 2024
Research: Thomas Winberry

How Foreign Income Tax Impacts U.S. Workers
Knowledge at Wharton | June 10, 2024
Research: Dan Garrett

Wall Street is high on AI
Wired | June 3, 2024
Research: Winston Wei Dou and Itay Goldstein

U.S. banks remain the world’s largest funders of fossil fuels
Marketplace | May 16, 2024
Research: Dan Garrett

The U.S. Housing Market Has Homeowners Stuck
The Ripple Effect Podcast | May 7, 2024
Research: Lu Liu

How Financial Frictions Hinder Innovation
Knowledge at Wharton | May 7, 2024
Research: Thomas Winberry

Reflections from a Graduating Jacobs Scholar: Q&A with Zachary Long
Finance at Wharton Discoveries | April 30, 2024

These investments will boost your net worth more than any growth stock
MarketWatch | April 23, 2024
Research: Sean Myers

AI in Finance: The Promise and Potential Pitfalls
Knowledge at Wharton | February 13, 2024
Christopher Geczy

Why ETFs work better in illiquid markets
Financial Times | February 7, 2024
Research: Anna Helmke

Texas ousts Barclays over net-zero policies, raising bond market concerns
S&P Global Market Intelligence | January 30, 2024
Research: Daniel Garrett

Academic research award: problem solvers for the planet
Financial Times | January 14, 2024
Research: Daniel Garrett

2023

BlackRock and ESG Brought Down Their Own Backlash
Bloomberg | December 20, 2023
Research: Luke Taylor and Robert Stambaugh

Feeling the pinch of high home insurance rates? It’s not getting better anytime soon
NPR | October 26, 2023
Research: Benjamin Keys

How Retail Investors Value ESG and Frame Sustainable Investment Strategies
Knowledge at Wharton | October 3, 2023
Research: Christina Zhu

Albert S. “Pete” Kyle: Wharton-Jacobs Levy Prize
University of Pennsylvania Almanac | September 26, 2023
2023 Wharton-Jacobs Levy Prize

Pete Kyle wins 2023 Wharton-Jacobs Levy Prize for trading model
Pensions & Investments | September 25, 2023
2023 Frontiers in Quantitative Finance Conference

Smith’s Pete Kyle Selected for Prestigious Wharton-Jacobs Levy Prize
University of Maryland | September 18, 2023
2023 Frontiers in Quantitative Finance Conference

Behind the Markets: Robert Novy-Marx
Wharton on SiriusXM Channel 132 | September 15, 2023
2023 Frontiers in Quantitative Finance Conference

University of Maryland finance professor wins Wharton-Jacobs Levy prize
Pensions & Investments | September 15, 2023
2023 Wharton-Jacobs Levy Prize

Wharton-Jacobs Levy Prize to Honor Kyle for Market Microstructure at September Conference
Press Release | September 15, 2023
2023 Wharton-Jacobs Levy Prize

Why stock valuation hinges more on returns than future earnings
Penn Today | September 12, 2023
Research: Sean Myers

Why we all need to think like Floridians now
Washington Post | September 5, 2023
Research: Benjamin Keys

Why Stock Valuation Hinges More on Returns Than Future Earnings
Knowledge at Wharton | August 29, 2023
Research: Sean Myers

The looming crisis that’s going to crush homeowners from coast to coast
Insider | August 23, 2023
Research: Benjamin Keys

What the COVID Experience Teaches About Designing a New Stimulus Package
Knowledge at Wharton | August 21, 2023
Research: William Diamond, Tim Landvoigt, and German Sanchez

How the Share of Green Stocks in Institutional Portfolios Is Vastly Overstated
Knowledge at Wharton | August 7, 2023
Research: Robert Stambaugh and Luke Taylor

Climate change and the future of homeowners insurance
Mountain Money | July 24, 2023
Research: Benjamin Keys

6 popular investment strategies of fund managers
Bankrate | July 20, 2023
Interview: Chris Geczy

5 finance chiefs on how A.I. is changing business: ‘It’s up to us as CFOs to harness this technology’
Fortune | July 18, 2023
Research: Winston Wei Dou

Why Increased Firm Competition Can Cause a Spiral of Distress
Knowledge at Wharton | July 11, 2023
Research: Winston Wei Dou

ESG investment returns face a slowdown
Financial Times | July 5, 2023
Research: Robert Stambaugh and Luke Taylor

Insurers pull back as US climate catastrophes intensify
The Hill | June 27, 2023
Research: Benjamin Keys

Climate change is fueling an insurance crisis. There’s no easy fix.
Washington Post | June 27, 2023
Research: Benjamin Keys

Igniting Minds, Transforming Markets: Jacobs Scholars Impact at Wharton and Beyond
Wharton Impact | June 6, 2023

Why Climate Change Is Making Homeowner’s Insurance More Expensive
Knowledge at Wharton | June 6, 2023
Research: Benjamin Keys

Special Report: Cashless talk
Economist | May 20, 2023
Research: Sergey Sarkisyan

Dr. Christopher Geczy on Asset Allocation, FOMO and the 60/40 Investment Portfolio
Adjusted for Risk Podcast | May 17, 2023
Interview: Chris Geczy

How to Bring More Predictive Power to Economic Forecasts
Knowledge at Wharton | May 9, 2023
Events: May 2023 Webinar

Your Homeowners’ Insurance Bill Is the Canary in the Climate Coal Mine
New York Times | May 7, 2023
Research: Benjamin Keys

When You’re Finally Ready to Retire, Consider Climate Change in Your Move
Barron’s | April 29, 2023
Research: Benjamin Keys

Wharton Professors Luke Taylor and Robert Stambaugh Win Kellogg’s Moskowitz Prize
Wharton News | April 13, 2023
Research: Robert Stambaugh and Luke Taylor

Finding the Model That Captures Investment Risks, but Not Mispricing of Assets
Knowledge at Wharton | April 4, 2023
Research: Robert Stambaugh

CFO Daily Newsletter
Fortune | March 30, 2023
Research: Nikolai Roussanov

Win the Race for Higher Risk-adjusted Stock Returns
Knowledge at Wharton | March 28, 2023
Research: Nikolai Roussanov

How Bond ETFs’ Plumbing Can Trip Up Investors When Markets Go Crazy
MarketWatch | March 8, 2023
Research: Yao Zeng

The conservative battle against ‘woke’ banks is backfiring
Washington Post | February 28, 2023
Research: Daniel Garrett

Brazil’s PIX payment system teaches us a valuable lesson
The Banker | February 24, 2023
Research: Sergey Sarkisyan

Texas’ “anti-woke” policies cost taxpayers millions
Axios | February 22, 2023
Research: Daniel Garrett

Bond ETFs suck liquidity out of market in a crisis, academics say
Financial Times | February 20, 2023
Research: Yao Zeng

Where U.S. house prices may be most overvalued as climate change worsens
Washington Post | February 16, 2023
Research: Benjamin Keys

Gas, airfares, car insurance: How transportation costs are impacting high inflation
CNBC | February 17, 2023
Commentary: Nikolai Roussanov

Guess Who Loses After Florida and Texas Bar ESG Banks?
Washington Post | February 14, 2023
Research: Daniel Garrett

Anti-environmental investing law costing Texas taxpayers $445 million a year
Environment America | February 9, 2023
Research: Daniel Garrett

2022

Recognizing an Investing Signal That Defied Wisdom, and Endured
Knowledge at Wharton | December 6, 2022
2021 Wharton-Jacobs Levy Prize

Jeremy Siegel: Why Stocks Will Remain Strong in the Long Run
Knowledge at Wharton | October 25, 2022
2022 Conference

Prof. Tobias Moskowitz Wins Jacobs Levy Center Best Paper Prize
Yale SOM News | October 11, 2022
Jacobs Levy Center Research Paper Prizes

McCombs Finance Chair and World-Renowned Scholar Sheridan Titman Celebrated for Field-Changing Research
UT News | September 29, 2022
2021 Wharton-Jacobs Levy Prize

Narasimhan Jegadeesh and Sheridan Titman: Wharton-Jacobs Levy Prize
University of Pennsylvania Almanac | September 27, 2022
2021 Wharton-Jacobs Levy Prize

Behind the Markets: Live from the 2022 Jacobs Levy Center Conference
Wharton on SiriusXM Channel 132 | September 16, 2022
Interview: 2021 Wharton-Jacobs Levy Prize Winners

2 win Wharton-Jacobs Levy Prize for paper on momentum investing
Pensions & Investments | September 13, 2022
2021 Wharton-Jacobs Levy Prize

Wharton-Jacobs Levy Prize to Honor Jegadeesh and Titman for Momentum Investing at September Conference
Press Release | September 13, 2022
2021 Wharton-Jacobs Levy Prize

Goizueta Faculty Rack Up Numerous, Prestigious Accomplishments
Emory Business | September 7, 2022
2021 Wharton-Jacobs Levy Prize

Texas Fought Against ESG. Here’s What It Cost
Knowledge at Wharton | July 12, 2022
Research: Daniel Garrett

Banks take DIY route by taking tech education in-house
Financial Times | June 12, 2022
MBA Major in Quantitative Finance

The Unintended Consequences of Capital Controls in Emerging Markets
Knowledge at Wharton | May 2, 2022
Research: Lorena Keller

How sanctions on Russia and the invasion of Ukraine affect the U.S. economy
Penn Today | March 29, 2022
Commentary: Nikolai Roussanov

What Investors Can Expect from High Inflation and Rate Hikes
Knowledge at Wharton | February 1, 2022
Research: Nikolai Roussanov

How Sea Level Rise Exposure Is Priced into Municipal Bonds
Knowledge at Wharton | January 25, 2022
Research: Michael Schwert

How Risk-shifting by Underperforming Funds Distorts Stock Prices
Knowledge at Wharton | January 18, 2022
Research: Nikolai Roussanov

2021

Why Borrowers Resist Using Their Homes as Collateral
Knowledge at Wharton | December 14, 2021
Research: Benjamin Collier, Cameron Ellis, and Benjamin Keys

When Bad News About the Climate Is Good for Green Stocks
The New York Times | November 5, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

Research on ESG returns wins Jacobs Levy prize
Pensions & Investments | November 1, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

ESG loyalty will be tested as performance starts to lag
InvestmentNews | September 14, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

ESG performance won’t last, academics warn
FT Advisor | September 10, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

Will Coronavirus Bailouts Save the U.S. Economy?
Knowledge at Wharton | July 21, 2021
Research: Vadim Elenev, Tim Landvoigt, and Stijn Van Nieuwerburgh

What Rising Inflation Means for Stock Investors
Knowledge at Wharton | July 20, 2021
Research: Xiang Fang, Yang Liu, and Nikolai Roussanov

How a New Wave of Retail Investors Is Redefining Stock Pricing
Knowledge at Wharton | July 13, 2021
Research: Jeremy Michels

What lies behind the returns from ESG investing?
MoneyWeek | July 5, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

Why Green Assets May Not Continue to Outperform
Knowledge at Wharton | June 29, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

New Report Suggests ESG Returns Might Not Have Been as Successful Without Concerns Around Climate
Wharton Business Daily | June 24, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

How Far Could Pension Funds Drive Sustainable Investing?
Knowledge at Wharton | May 25, 2021

How Common Ownership of Startups Improves Innovation Efficiency
Knowledge at Wharton | May 18, 2021
Research: Xuelin Li, Tong Liu, and Lucian Taylor

Jessica Wachter Named SEC Chief Economist and Director of the Division of Economic and Risk Analysis
SEC Press Release | May 3, 2021

Why Making Public Colleges Tuition Free Won’t Close the Enrollment Gap
Knowledge at Wharton | March 15, 2021
Research: Mehran Ebrahimian

Yellen’s GameStop Dilemma: How to Let Indexers Freeload in Peace
Barron’s | February 14, 2021
Commentary: Christopher Geczy and David Musto

2020

Why ESG Investors Are Happy to Settle for Lower Returns
Knowledge at Wharton | November 9, 2020
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

Why Mispricing the Risks of Sea Level Rise Could Prove Costly
Knowledge at Wharton | November 3, 2020
Research: Benjamin Keys and Philip Mulder

How to Beat Analysts and the Stock Market with Machine Learning
Knowledge at Wharton | October 13, 2020
Research: Jules van Binsbergen, Xiao Han, and Alejandro Lopez-Lira

Why Collateralized Loan Obligations Will Not Cause the Next Financial Crisis
Knowledge at Wharton | August 10, 2020
Research: Larry Cordell, Michael Roberts, and Michael Schwert

Could Quantitative Finance Help Avert Future Market Crashes?
Knowledge at Wharton | July 1, 2020

Wharton will offer quantitative finance major for MBA students starting this fall
The Daily Pennsylvanian | April 23, 2020

Wharton School’s New Quantitative Finance Major, Professorship and Scholarship Program with $8 Million Gift from Bruce I. Jacobs
University of Pennsylvania Almanac | April 21, 2020

Why Free-lunch Strategies Cause Market Crashes
Knowledge at Wharton | April 20, 2020

Wharton to Offer Quant MBA Major With $8 Million Alumnus Gift
Bloomberg | April 2, 2020

Wharton awarded $8 million to establish quantitative finance major
Pensions & Investments | April 2, 2020

With $8M Gift, Wharton Creates A New MBA Finance Major
Poets & Quants | April 2, 2020

New Quantitative Finance Major and Dr. Bruce I. Jacobs Professorship and Scholars Mark New Chapter in Quantitative Finance Research and Education at the Wharton School
Press Release | April 2, 2020

How Undisclosed SEC Investigations Lead to Insider Trading
Knowledge at Wharton | March 2, 2020
Research: Terrence Blackburne, John Kepler, Phillip Quinn, and Daniel Taylor

2019

What’s the Link Between Mortgage Refinancing and Recessions?
Knowledge at Wharton | December 17, 2019
Research: Hui Chen, Michael Michaux, and Nikolai Roussanov

Behind the Markets: Interview with Ray Ball
Wharton Business Radio on SiriusXM | September 27, 2019

Behind the Markets: Interviews with Matthew Ringgenberg and Mihail Velikov
Wharton Business Radio on SiriusXM | September 27, 2019

Why a 1968 Paper Still Influences Modern Asset Management
Knowledge at Wharton | September 26, 2019

Wharton-Jacobs Levy quant prize to honor 2 accounting professors
Pensions & Investments | September 16, 2019

Wharton-Jacobs Levy Prize to Honor Ray Ball and Philip Brown for Financial Innovation at September Conference
Press Release | September 10, 2019

Do Corporate Audits Lead to Insider Trading?
Knowledge at Wharton | April 16, 2019
Research: Salman Arif, John Kepler, Joseph Schroeder, and Daniel Taylor

Family Firms and the Stock Market Performance of Acquisitions and Divestitures
Harvard Law School Forum | January 29, 2019
Research: Emilie Feldman

2018

The benefits of shadow banking in accommodating larger retirement needs
Vox CEPR Policy Portal | October 19, 2018
Research: Guillermo Ordonez

Shiller versus Siegel: Are Stocks Too High?
Advisor Perspectives | September 28, 2018

What Causes Financial Crises?
Knowledge at Wharton | September 25, 2018

Shiller, Siegel And Greenwood Discuss Valuations, Bubbles And More
Seeking Alpha | September 19, 2018

Siegel vs. Shiller: Is the Stock Market Overvalued?
Knowledge at Wharton | September 18, 2018

Shiller: The market is experiencing ‘irrational exuberance’
Yahoo! Finance | September 15, 2018

After the crash came the longest bull market ever. What now?
CNN Money | September 14, 2018

Nobel Prize winner Shiller sees ‘bad times in the stock market’ ahead
CNBC | September 14, 2018

Are Stock Prices Too Low or Too High? Siegel vs. Shiller
ThinkAdvisor | September 14, 2018

Behind the Markets
SiriusXM | September 14, 2018

Wharton’s Jacobs Levy Center to Revisit Peak of Global Financial Crisis, 10 Years Later, at Annual Conference
Press Release | August 29, 2018

Impact Investing: When Social Benefits Are in the Contract
Knowledge at Wharton | July 17, 2018
Research: Christopher Geczy, Jessica Jeffers, David Musto, and Anne Tucker

2017

Is Value Investing Really in the Doldrums?
Knowledge at Wharton | November 3, 2017
Christopher Geczy

Ross honored with quantitative innovation prize
Pensions & Investments | September 18, 2017

Behind the Markets: Live from the 2017 Conference
Wharton Business Radio | September 15, 2017
Interviews with Nikolai Roussanov and Richard Roll

Behind the Markets: 2017 Conference Preview
Wharton Business Radio | September 8, 2017
Interview with Christopher Geczy

Wharton-Jacobs Levy Prize to Honor Stephen Ross for Financial Innovation at September Conference
Wharton News | September 1, 2017
Wharton-Jacobs Levy Prize

How the Father of Arbitrage Pricing Theory Influenced Wall Street
Knowledge at Wharton | August 29, 2017
Wharton-Jacobs Levy Prize

What Money Managers Miss in Currency Carry Trades
Knowledge at Wharton | July 11, 2017
Jacobs Levy Center Research Paper Prizes

How Disagreements in Inflation Projections Affect Fixed Income Yields
Knowledge at Wharton | February 10, 2017
Research: Paul Ehling, Michael Gallmeyer, Christian Heyerdahl-Larsen, and Philipp Illeditsch

2016

What Are the Economic Benefits of the Shale Oil Boom?
Knowledge at Wharton | July 8, 2016
Research: Nikolai Roussanov

Yahoo sale could still draw Softbank, Alibaba
USA Today | July 7, 2016
Research: Emilie Feldman

At the Whiteboard with Chris Geczy
Wharton Magazine | Spring 2016
Christopher Geczy

Behind the Markets | May 20, 2016
Events: Spring 2016 Forum

Tracking Mutual Funds: What Drives Performance?
Knowledge at Wharton | May 10, 2016
Wharton-Jacobs Levy Prize

William F. Sharpe awarded Wharton-Jacobs Levy Prize
Pensions & Investments | May 10, 2016
Wharton-Jacobs Levy Prize

Wharton-Jacobs Levy Prize for Quantitative Financial Innovation to be Awarded to Nobel Laureate William F. Sharpe at 2016 Spring Forum
Wharton News | May 9, 2016
Wharton-Jacobs Levy Prize

What Is the Dow Jones Industrial Average (and Why Should I Care)?
Time Online | May 9, 2016
Christopher Geczy

2015

Selling the Golden-Egg Goose
The New Yorker | November 23, 2015
Research: Emilie Feldman

Why Wall Street Traders Keep Making a Fortune
Knowledge at Wharton | October 15, 2015
Research: Vincent Glode and Richard Lowery

Bloomberg Surveillance Radio | September 2015
Christopher Geczy

Top 10 Mistakes to Avoid When Starting Your Stock Portfolio
GOBankingRates | August 16, 2015
Christopher Geczy

Opinion: 12 market-beating stocks from a 214-year-old strategy

MarketWatch | July 10, 2015
Christopher Geczy

Building a Better Model for Valuing Bonds
Knowledge at Wharton | June 25, 2015
Research: Peter Feldhutter, Christian Heyerdahl-Larsen and Phillip Illeditsch

Can Uncertainty Be a Good Thing for Investors?
Knowledge at Wharton | June 2, 2015
Research: Gill Segal, Ivan Shaliastovich and Amir Yaron

Paper Rewarded in 2015
PhD Fellows: Yasser Boualam

Program Report: International Finance and Macroeconomics
NBER Reporter | 2015
Research: Enrique Mendoza

2014

When It Comes to CEOs, Equity and Press Releases, Timing Is Everything
Knowledge at Wharton | December 23, 2014
Research: Alex Edmans, Luis Goncalves-Pinto, Moqi Groen-Xu, and Yanbo Wang

Scale and Skill among Active Portfolio Managers
NBER Digest | June 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor

‘Scale and Skill’: Why It’s Hard for Managed Funds to Beat the Indexers
Knowledge at Wharton | April 29, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor

Managers improve, but scale kills Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor

New mutual funds better than older ones?CNN Money | February 21, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor

Why New Mutual Funds Are BetterThe Wall Street Journal | February 21, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor

Bigger Isn’t Always Better On Wall StreetSeeking Alpha | February 19, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor

The law of unintended consequencesThe Economist | February 8, 2014
Research: Alex Edmans

‘Managerial Myopia’: How CEOs Pump Up Earnings for Their Own GainKnowledge at Wharton | February 7, 2014
Research: Alex Edmans

2011

Calculating the Impact of the New Quant Finance Center
Wharton Magazine | Fall 2011

Wharton Celebrates Launch of the Jacobs Levy Equity Management Center
Wharton Blog Network | September 9, 2011

Research Center, Prize to Foster Financial Analysis
The Wall Street Journal | September 7, 2011