The Recovery Theorem with Professor Steve Ross, Introduced by Cliff Asness - Sold Out
March 25, 2014: 6:30 PM - 8:30 PM
The NYC Alumni Club is proud to present Professor Steve Ross, creator of the arbitrage pricing theory, agency theory, and co-creator of the binomial option pricing model.
26th floor, Room 26-D
1585 Broadway (Entrance on 48th Street)
New York, New York
Professor Ross discusses his new theory of recovery which he believes can obtain the market's implied prediction of future stock prices.
THIS EVENT IS SOLD-OUT ONLINE BUT WE WILL ACCEPT DAY OFF WALK-INS.
**We are closing online registration for this event but will allow walk-ins the day of. The price will be the same. Please check-in at the security desk of Morgan Stanley**
6:30 PM-7:00 PM: Cocktails
7:00 PM-8:00 PM: Talk
Professor Steve Ross (Speaker)
Steve Ross is a widely published author in finance and economics. He is best known as the inventor of the Arbitrage Pricing Theory and the Theory of Agency, and as the co-discoverer of risk-neutral pricing and the binomial model for pricing derivatives. His book, Corporate Finance, is in its ninth edition. A founder of several investment service firms and consultant to many investment banks, Steve is a Fellow of the Econometric Society, a past president of the American Finance Association, a former director of Freddie Mac, CREF, and Gen Re, and a current trustee of Caltech. Steve is the Franco Modigliani Professor of Financial Economics at MIT.
Cliff Asness (Speaker) '91
Managing Principal and Chief Investment Officer, AQR Capital Management
Cliff is a Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. He is an active researcher and has authored articles on a variety of financial topics for many publications, including The Journal of Portfolio Management, Financial Analysts Journal and The Journal of Finance. He has received the best paper award from The Journal of Portfolio Management twice. From Financial Analysts Journal he has twice received the Graham and Dodd Award for the year’s best paper, a Graham and Dodd Excellence Award, the award for the best perspectives piece and the Graham & Dodd Readers’ Choice Award. In 2006, CFA Institute presented Cliff with the James R. Vertin Award, which is periodically given to individuals who have produced a body of research notable for its relevance and enduring value to investment professionals. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, Sachs & Co. He is on the editorial board of The Journal of Portfolio Management, the governing board of the Courant Institute of Mathematical Finance at NYU, the Board of Directors of the Q-Group and the Board of the International Rescue Committee. Cliff received a B.S. in economics from the Wharton School and a B.S. in engineering from the Moore School of Electrical Engineering at the University of Pennsylvania, graduating summa cum laude in both. He received an M.B.A. with high honors and a Ph.D. in finance from the University of Chicago, where he was Eugene Fama’s student and teaching assistant for two years (so he still feels guilty when trying to beat the market).