Cass Professor wins top quants prize
Alessandro Beber shares award for study on real-time economic tracker
Cass Professor Alessandro Beber has been awarded a top prize for developing a quantitative technique that tracks macroeconomic conditions in real-time.
Professor Beber scooped the 2013 PanAgora Crowell Second Prize for his paper Economic Cycles and Expected Returns, co-authored with Maurizio Luisi and Michael Brandt.
Described as "truly outstanding", the research tracks a long list of published economic data to give a real-time picture of the ups and downs of the economy and finds important links with stock market returns.
Professor Beber said: "It is an honour to receive such a highly-respected prize. My co-authors and I are grateful to the PanAgora judges for recognising our research."
The PanAgora Crowell Prize, first launched in 2001, is reserved for research that connects theory to practice in quantitative management. It receives dozens of entries each year from quantitative academics and practitioners worldwide.
The award is named after PanAgora's founder, the late Dr. Richard A. Crowell, who was a pioneer in the field of quantitative investing.