MoneyScience - News and Networking for Quants

How the Father of Arbitrage Pricing Theory Influenced Wall Street

Aug 30 2017 14:29 keyboard_arrow_downkeyboard_arrow_up Comment0 language

This year’s winner of the Wharton-Jacobs Levy Prize for Quantitative Financial Innovation, an award given to leading lights in the world of finance, is former Wharton professor Stephen Alan Ross. Many in the field consider him to be one of the most important thinkers in modern finance. One of his best-known ideas, for which he is receiving this award, is arbitrage pricing theory, or APT. It has been a staple of finance since he developed it in 1976 while at Wharton.

In March, Ross died at 73, shortly after he was announced as the winner of the prize. The award will be given posthumously on September 15 at the Jacobs Levy Center’s annual conference, to be held in New York. More recently, he had been a professor at the MIT Sloan School of Management. Ross’s work covered many fields, from asset pricing to management and corporate finance.

Wharton finance professor David Musto, who will be speaking about Ross at the conference, joined [email protected] to talk about the late professor’s research and contributions to the field.

Read the full interview here.

Tagging powered by
Open Calais

Built with
Spine Platform

Secured by