Since the 1970s, innovation—conceptual and technological—has transformed the practice of finance. But “innovation itself doesn’t create growth” it must be “translated into the general economy,” insisted MIT finance professor Robert C. Merton in his keynote presentation at Isenberg’s Center for International Securities and Derivatives Markets’ (CISDM) annual research conference on October 6. Professor Merton—a 1997 recipient of the Nobel Prize in Economics—headlined an ambitious program devoted to diverse aspects of digitally enabled financial innovation, including cryptocurrencies,...Since the 1970s, innovation—conceptual and technological—has transformed the practice of finance. But “innovation itself doesn’t create growth” it must be “translated into the general economy,” insisted MIT finance professor Robert C. Merton in his keynote presentation at Isenberg’s Center for International Securities and Derivatives Markets’ (CISDM) annual research conference on October 6. Professor Merton—a 1997 recipient of the Nobel Prize in Economics—headlined an ambitious program devoted to diverse aspects of digitally enabled financial innovation, including cryptocurrencies, algorithmic trading, and other advances on the financial landscape. Attended by a packed house of 125 academics and practitioners, the daylong event took place at Boston’s Aloft Boston Seaport Hotel.
Mila Getmansky Sherman, a finance professor at Isenberg, has received a $196,518 grant from the National Science Foundation’s Digging into Data Challenge. Professor Sherman’s award will fund a 3+ year research project.
Finance professor Mila Getmansky Sherman and two coauthors have received the Chartered Financial Analyst (CFA) Institute’s premier honor—its 2016 Graham and Dodd Award for Excellence—for their journal article, “Interconnectedness of the CDS Market.”
In February, 350 students, alumni, faculty, and staff attended the fourth annual Women of Isenberg conference, which brings together women from all career levels to talk about their unique experiences and challenges as women in business.
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At this year's Center for International Securities and Derivatives Markets’ (CISDM) Annual Research Conference, one of many insights featured was how risk management and other analytical strategies in the finance profession’s tool kit can make a positive difference in the battle against climate change.
This year's 4th annual Isenberg Business Leadership Awards, held at the Colonnade Hotel and Boston and attracting 330 members of the Isenberg community, honored Chuck and Karen Peters of New England Wire Products and Recent Alumni awardee Brian Tino, account executive at InVision.
“No matter where we go, no matter what we do, we carry the Isenberg brand with us,” Senior Class Speaker Stephanie Berenson ’16 told an audience of over 4000—graduating seniors, their families, and Isenberg faculty and staff—at Isenberg’s Senior Celebration at the Mullins Center on May 7. “We are part of each other. We are each other’s network, and one day, as graduates, we will be a resource for Isenberg students just as alumni have been for us,” emphasized the dual marketing/journalism major.
Isenberg is the highest ranking public undergraduate business school in the Northeast, according to Bloomberg Businessweek’s 2016 Undergraduate Business School Rankings. Climbing three places since the 2014 ranking, Isenberg now ranks 11th among public undergraduate business school programs in the United States. The new rankings clearly illustrate Isenberg’s growing national stature, with the school moving up 45 spots among private and public business schools since 2010.
The third annual Women of Isenberg Conference took place on February 28th in the UMass Amherst Campus Center. Put on by student organization Isenberg Women in Business, the event attracted 310 attendees and offered a full day of speakers, panel discussions, and networking
Four Isenberg finance professors who recently attended a showing of “The Big Short” applauded the movie for its accurate portrayal of the run-up to the 2008 financial crisis and for its clear explanation of complex financial concepts. In a discussion following the movie, several of the professors expressed approval for regulations that focus on interrelationships among different segments of the financial system.
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The current expansion of the Massachusetts economy appears to be on firm footing, notes Isenberg economist and professor Robert Nakosteen. While the overall picture is positive, risks like the strong dollar and less than all-out consumer confidence somewhat cloud the picture.
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The campus-wide Innovation Challenge business plan competition's new seed pitch component is propelling student teams, through mentoring, workshops, and targeted financial seeding. “We introduced the new phase to elevate and accelerate the larger event’s already high level of competition," notes Isenberg professor William Wooldridge, executive director of Isenberg's Berthiaume Center for Entrepreneurship, which coordinates the Challenge.
Recently retired director of USD swaps at J.P. Morgan Gary Cameron '89 explored financial cycles, trading tactics, and financial bubbles in a talk with Isenberg students. A derivatives trader throughout his career, he also examined the psychology and skill sets of successful traders.
Nassim Taleb and other financial pundits headlined the Center for International Securities and Derivatives Markets (CISDM)’s annual Research Day. The speakers explored financial fragility, bubbles, and credit markets, including the current crisis in Greece.
Finance grad John McMullen '81 has placed retirement on hold to serve as CFO of one of America's iconic companies, Eastman Kodak. McMullen is working with the the company's technology developer to leverage its still robust technology prowess. He is also responsible for corporate development, controlling costs, procurement, and Kodak's substantial real estate portfolio.
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Finance professor Mila Getmansky Sherman and two colleagues have garnered considerable media attention for their broad survey of the hedge fund industry. The study, which contends that hedge fund earnings have been overstated, nevertheless offers a strong endorsement of their enduring value to the financial system.
A study by Isenberg finance professor Nikolaos Artavanis documents widespread tax evasion in Greece's restaurant industry. The fiscal impact of a recent VAT tax increase in Greece "could be zero or negative because tax evasion will increase," he cautions.
For a senior-year honors project, three students in finance explained retirement options to hundreds of UMass faculty and staff members. To help their audience make their far-reaching choices, the students created a user-friendly online decision tool.