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Professor Lubos Pastor Receives 2007 Goldman Sachs Asset Management Award


Lubos Pastor, a professor of finance at the University of Chicago Graduate School of Business, received the 2007 Goldman Sachs Asset Management Award from the Western Finance Association for the best research in empirical investments.

Pastor was honored for his paper “Predictive Systems: Living with Imperfect Predictors,” co-authored with Robert Stambaugh, the Ronald O. Perelman Professor of Finance at the University of Pennsylvania’s Wharton School. Stambaugh is a 1981 graduate of the Ph.D. program at the University of Chicago Graduate School of Business.

The award was presented at the Association’s annual conference June 25 in Big Sky, Montana. Pastor teaches advanced courses in portfolio management to students in the school’s full-time and part-time MBA programs.

His other recent research includes “Technological Revolutions and Stock Prices,” “Rational IPO Waves,” and “Was There a Nasdaq Bubble in the Late 1990s?” each co-authored with Chicago GSB finance professor Pietro Veronesi.

Pastor and Veronesi’s research on the Nasdaq stock exchange earned them a Fama/DFA Prize for the best research published in the Journal of Financial Economics in 2006. Pastor and Veronesi also won the Barclays Global Investors Prize for the best paper at the European Finance Association Conference in 2006.

Pastor joined the faculty of the University of Chicago Graduate School of Business in 1999 after receiving a Ph.D. from Wharton.

The University of Chicago Graduate School of Business is one of the leading business schools in the world. The school’s faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide. It is consistently ranked as one of the top ten business schools in the world and usually as one of the top five. The Chicago Approach to Management Education is distinguished by how it leverages fundamental knowledge, its rigor, and its practical application to business challenges.

Chicago GSB offers full-time and part-time MBA programs, an executive MBA program, a Ph.D. program, open enrollment executive education and custom corporate education.