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Home>Nobel Laureate Awarded First Wharton-Jacobs Levy Prize: MBA News
Nobel Laureate Awarded First Wharton-Jacobs Levy Prize: MBA News
Nobel Laureate Awarded First Wharton-Jacobs Levy Prize: MBA News main image
The Nobel laureate and economist, Harry Markowitz, has been named the inaugural winner of a new award formed by The Wharton School, University of Pennsylvania and the Jacobs Levy Center.
The Wharton-Jacobs Prize is to be a biennial award for excellence in the field of quantitative financial innovation. Markowitz, a winner of the 1990 Nobel Memorial Prize in Economic Sciences, is being recognized for his groundbreaking work related to an individual's retirement planning.
“We are pleased to recognize the contributions that Harry Markowitz has made to the field of quantitative finance. In particular, his insights and dedication have served to advance knowledge in the investment industry, an important driver of economies around the world”, said Wharton School Dean Thomas S. Robertson in a press release.
The award pays particular retrospective attention to Markowitz’s article ‘Individual Versus Institutional Investing’, published in Financial Services Review in 1991. In it, he proposed a ‘Game of Life’ computer simulation which considers an individual's retirement plans and goals in light of their health, prospects and economic circumstances.
Harry Markowitz to receive award at Jacobs Levy Center in New York City
The Jacobs Levy Center was established with the donation of $US10M from Wharton alumni, Bruce Jacobs and Kenneth Levy, principals and co-founders of Jacobs Levy Equity Management.
The Center aims to advance and spread innovation in the field of quantitative finance and encompasses several departments within the Wharton School in pursuit of its goals.
Harry Markowitz became a Nobel laureate in 1990 for his work in portfolio theory, the financial theory that seeks to address the balance between the expected return and elements of risk within a portfolio. He is currently adjunct professor of finance at Rady School of Management at the University of California, San Diego.
Nobel Laureate Awarded First Wharton-Jacobs Levy Prize: MBA News
By QS Contributor
Updated UpdatedThe Nobel laureate and economist, Harry Markowitz, has been named the inaugural winner of a new award formed by The Wharton School, University of Pennsylvania and the Jacobs Levy Center.
The Wharton-Jacobs Prize is to be a biennial award for excellence in the field of quantitative financial innovation. Markowitz, a winner of the 1990 Nobel Memorial Prize in Economic Sciences, is being recognized for his groundbreaking work related to an individual's retirement planning.
“We are pleased to recognize the contributions that Harry Markowitz has made to the field of quantitative finance. In particular, his insights and dedication have served to advance knowledge in the investment industry, an important driver of economies around the world”, said Wharton School Dean Thomas S. Robertson in a press release.
The award pays particular retrospective attention to Markowitz’s article ‘Individual Versus Institutional Investing’, published in Financial Services Review in 1991. In it, he proposed a ‘Game of Life’ computer simulation which considers an individual's retirement plans and goals in light of their health, prospects and economic circumstances.
Harry Markowitz to receive award at Jacobs Levy Center in New York City
In October Harry Markowitz will receive his award at The Jacobs Levy Equity Management Center for Quantitative Financial Research in New York City. He will also collect an $80,000 prize at the Center’s first Forum on Quantitative Finance.
The Jacobs Levy Center was established with the donation of $US10M from Wharton alumni, Bruce Jacobs and Kenneth Levy, principals and co-founders of Jacobs Levy Equity Management.
The Center aims to advance and spread innovation in the field of quantitative finance and encompasses several departments within the Wharton School in pursuit of its goals.
Harry Markowitz became a Nobel laureate in 1990 for his work in portfolio theory, the financial theory that seeks to address the balance between the expected return and elements of risk within a portfolio. He is currently adjunct professor of finance at Rady School of Management at the University of California, San Diego.
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