6/3/2013 The Zell Center's Seminar Series on Quantitative Finance presents Anne Floor Brix, Department of Economics and Business, University of Aarhus. “Estimating Stochastic Volatility Models using Prediction-based Estimating Functions” (with Asger Lunde). 12:15 - 1:15 pm. Jacobs 4214.
5/23/2013. The 12th Annual Booth- Kellogg Real Estate Challenge. Event Judges: Sam Zell, Chairman, Equity Group Investments; John Schreiber, President, Centaur Capital Partners, Inc. and Co-Founder and Partner, Blackstone Real Esate Advisors; David Hefland, Co-President, Equity Group Investments. Noon to 2:30 pm at The Waldorf Astoria, 11 E. Walton, Chicago. Registration required.
5/20/2013 The Zell Center's Seminar Series on Quantitative Finance presents Dobrislav Dobrev, Federal Reserve Board of Governors, Washington, D.C. "Robust Forecasting by Regularization" (with Ernst Schaumburg, Federal Reserve Bank, New York). 12:15 - 1:30 pm. Jacobs 4214.
4/9/2013 The Zell Center's Seminar Series on Quantitative Finance presents Viktor Todorov, Kellogg School of Management. "The Risk Premia Embedded in Option Panels." 12:15 - 1:30 pm. Jacobs 4214.
2/20/2013 The Zell Center is proud to be a sponsor for the 14th annual 2013 Kellogg Private Equity and Venture Capital Conference: "Evolution: The Ever Changing Landscape of Private Equity and Venture Capital Investment." University Club of Chicago
11/7/2012 The Zell Center is proud to be a platinum sponsor for the 2012 Kellogg Real Estate Conference, "Searching for Yield: Deal Making in Opportunistic Times." Debra Cafaro, Chairman and Chief Executive Officer, Ventas, will be the keynote speaker. The conference will be held at the Museum of Contemporary Art, Chicago, from 11:30 - 5:00 pm.
9/25/2012 The Zell Center's Seminar Series on Quantitative Finance presents Olivier Scaillet, Université de Genève and the Swiss Finance Institute. “Predictive Regression and Robust Hypothesis Testing: Predictability Hidden by Anomalous Observations.” 3:30 - 5:00 pm. Jacobs 4214.
6/26/2012 - 6/28/2012 Risk Uncertainty and Decision Conference
6/1/2012 The Zell Center's Seminar Series on Quantitative Finance presents Drew Creal, University of Chicago Booth School of Business. 12:15 - 1:30 pm, Jacobs 4214.
5/25/2012 The Zell Center's Seminar Series on Quantitative Finance presents Liuren Wu, Baruch College. "A new framework for analyzing volatility risk and risk premium embedded in individual option contracts." 12:15 - 1:30 pm, Jacobs 4214.
5/23/2012. The 11th Annual Zell/Booth Kellogg Real Estate Challenge. Event Judges: Sam Zell, Chairman, Equity Group Investments; Larry Levy, Chairman and Founder, Levy Restaurants; Dan McCaffery, Chairman and CEO, McCaffery Interests. Noon to 2 pm at The Waldorf Astoria, 11 E. Walton, Chicago. Registration required here.
5/11/2012 The Kellogg Risk Summit " Regulatory and Reputational Risks". Kellogg School of Management HAS BEEN CANCELLED.
5/11/2012 The Zell Center's Seminar Series on Quantitative Finance presents Luca Benzoni, Federal Reserve Bank of Chicago. “Core and ‛Crust’: Consumer Prices and the Term Structure of Interest Rates,” (co-authored with Andrea Ajello, Board of Governors of the Federal Reserve System and Northwestern, and Olena Chyruk, Chicago Fed). 12:15 - 1:30 pm, Jacobs 4214.
5/10/2012 The Zell Center presents Scott Shay '80, Founder and Chairman, Board of Directors, Signature Bank: "The Mortgage Mess and the Great Recession - A Perspective from Scriptural and Talmudic Texts," in Jacobs G45 from 5:15 - 6:15 pm. Co-sponsored with Northwestern University's Fiedler Hillel and Sheil Catholic Center.
5/7/2012 The Zell Center sponsors a talk by Richard Sandor, Chairman and CEO of Environmental Financial Products LLC. He will discuss his new book, Good Derivatives: A Story of Financial and Environmental Innovation, in Jacobs 160 from 5:15 - 6:15 pm. Reception and book signing to follow.
5/4/12 2012 Chicago Booth/Zell Center Microfinance Conference:" Micronext: Strategies and Challenges for Impact." Kellogg faculty speakers include: Paul Christensen, Linda Darragh and Jamie Jones.
5/3/2012 - 5/5/2012 Kellogg Finance Conference
4/3/12 Career Management Starts Day One: Kellogg Alumni Share Their Experiences and Observations. Moderator: Malcolm Jones '82, Principal, Trinity Partners. Panelists: Mark Fuller ’83. Partner, William Blair & Co.; Christine Mason McCaull ’91. Director, ClickMarkets, Inc.; Gwen Cohen ’82. Wealth Advisor, First Vice President, MorganStanley SmithBarney; Steve Ethington ’73. President and CEO, Ethington Associates Ltd.; Phil Ordway ’07. Investment Analyst, Chicago Fundamental Investment Partners. See video here. Co-sponsorsed with The Career Management Center.
2/21/12 The Kellogg Risk Summit will be held: "Price and Supply Risks in Agricultural Markets." CME Group, 20 South Wacker, Chicago. Speakers: Tim Andriesen, Managing Director, Agricultural Commodities, CME Group; Susan Grelling, VP of Commodity Risk Mangement, Land O'Lakes; and Steve Wilson, Chairman and CEO, CF Industries, Inc. Panelists include the speakers and Randy Masterman, Senior Director of Commodites Procurement - Risk Management, Kraft Foods; Russell Walker, Associate Director of the Zell Center. The Zell Center's co-sponsors are CME Group and PRMIA.
2/15/2012 The Zell Center is proud to be a sponsor for the 13th annual 2012 Kellogg Private Equity and Venture Capital Conference: "Finding Growth in the Next Generation." University Club of Chicago
12/08/2011 The Zell Center sponsors the Seminar Series on Quantitative Finance: Viktor Todorov, Kellogg School of Management, Northwestern University, “Option Pricing Dynamics: Inference and Testing,” co-authored with Torben G. Andersen and Nicola Fusari. 12:15 - 1:30 pm in Jacobs 4214.
11/14/2011 The Zell Center sponsors the Seminar Series on Quantitative Finance: Olivier Scaillet, Universite de Geneve and the Swiss Finance Institute presents "Time-Varying Risk Premium in Large Cross-Sectional Equity Datasets," co-authored with Patrick Gagliardini and Elisa Ossola. 12:15 - 1:30 pm in Jacobs 4214.
11/2/2011 The Zell Center is proud to be a platinum sponsor for the 2011 Kellogg Real Estate Conference, "Scoping Opportunity: Strategies Igniting Future Growth." The conference will be held at the University Club of Chicago from 11:30 - 5:30.
9/30/11 The Zell Center sponsors "Neuroscience for Social Scientists" at the 2011 Annual Conference on Neuroeconomics: Decision Making and the Brain.
9/15/11 The Zell Center sponsors the Seminar Series on Quantitative Finance: Andrei Kirilenko; Chief Economist, U.S. Commodity Futures Trading Commission presents “The Flash Crash: The Impact of High Frequency Trading on an Electronic Market,” co-authored with Pete Kyle, Mehrdad Samadi and Tugkan Tuzun. 3:00 - 4:15 pm in Jacobs 4214.
5/6/11 Chicago Booth & Zell Center Microfinance Conference 2011. Sponsored by: The Emerging Markets Group at the University of Chicago Booth School of Business, the Harris School of Public Policy Studies at the University of Chicago, and the Zell Center for Risk Research at the Kellogg School of Management at Northwestern University.
2/23/11 The Kellogg Risk Summit will be held: "Managing Global Risk." James L Allen Center. Kellogg School of Management, Northwestern University. Sam Zell, Founder and Chairman of Equity International will be the featured speaker, along with Mike Foley, CEO of Zurich North America Commercial and Brian Elowe, Managing Director, Global Risk Management at Marsh. The Zell Center's co-sponsors are Zurich of North America,Marsh and PRMIA.
2/9/11 The Zell Center is proud to be a sponsor for the 12th annual 2011 Kellogg Private Equity and Venture Capital Conference: "Value Creation in a New Decade." University Club of Chicago
12/01/10 The Zell Center analyzed survey responses and wrote the report for the PRMIA-sponsored survey: "U.S. Consumer Credit Risk: Trends and Expectations, 4th quarter 2010," which can be found here.
11/23/10 The Zell Center sponsors the Seminar Series on Quantitative Finance: Seth Pruitt, Federal Reserve Board of Governors, presents "Disaggregate Valuation Ratios and Market Expectations” at 12:15 in Jacobs 4214.
11/22/10 The Zell Center sponsors the Seminar Series on Quantitative Finance: Bjorn Eraker, Wisconsin School of Business, “Equilibrium Yield Curves: The Role of Durable Goods” at 2:00 pm in Jacobs 4214.
11/03/10 The Zell Center is a silver sponsor for the 2010 Kellogg Real Estate Conference, “The New Future of Real Estate – Shifting Value Creation Strategies For Today’s Market” which will be held at the Museum of Contemporary Art in Chicago.
10/28/10 The Zell Center is a co-sponsor for the 2010 Kellogg Risk Summit. "Understanding the U.S. Consumer: Risk Management and Marketing Intertwined." James Allen Center.
10/27/10 The Zell Center is a silver sponsor for the 2010 Kellogg Finance Conference, “The Multifaceted CFO,” to be held at the James L. Allen Center, Evanston.
9/16/10 and 9/17/10 PRMIA and the Zell Center offer: "Enterprise Risk Management in the New Environment With Special Focus on Operational Risk Mgmt.," led by Dr. Russell Walker in Chicago, Kellogg School of Management
7/18/10 The Zell Center is cited in Financial Times. A REPUTATION FOR RISK: "With a reputation as the home of modern marketing, it is perhaps not surprising that the Kellogg School of Management at Northwestern University does not immediately spring to mind as a home for a subject such as risk management. However, the holistic view of the topic that is now in fashion, means that Kellogg is beginning to develop a growing reputation in the area of risk management." Click here for article.
5/18/10 Career Mgmt. Panel with 5 Alumni. Co-sponsored by Zell and CMC. (Malcolm Jones ‘82;, Matt Simon ’04; Carol Brown ’89; Steve Ethington ’73; Jeff Rice ’73). Video can be seen by Kellogg community here.
05/07/10 Chicago Microfinance Conference. Sponsored by: The Emerging Markets Group at the University of Chicago Booth School of Business, the Harris School of Public Policy Studies at the University of Chicago, and the Kellogg School of Management at Northwestern University, Zell Center for Risk Research. Held at the University of Chicago Gleacher Center. Chicago, Illinois
04/01/10 A recent survey or credit risk professionals, sponsored by the Fair Issac Co. (FICO) and the Professional Risk Manager’s International Association (PRMIA) provided an unparalleled opportunity to study the outlooks of leading lenders. Dr. Russell Walker, Assistant Director of the Zell Center for Risk Research led the analysis of survey responses and has provided commentary on what can be expected from consumer lenders. Read more here and a detailed report of the survey results is available athttp://www.prmia.org/PRMIA-News/USConsumerCreditRisk.pdf. This survey is expected to be held quarterly, offering a unique snapshot on the outlook of consumer credit risk professionals.
3/23/10 A new book by Professor Robert Korajczyk offers a fresh, multi-disciplinary approach to a timely topic. “Given the facts of the last couple of years, risk management is something people should be thinking about more, rather than less,” says Robert Korajczyk, the Harry G. Guthmann Professor of Finance, director of the Zell Center for Risk Research and co-author ofPortfolio Risk Analysis, published recently by Princeton University Press. “Risk models can fail, and certain traditional ways of measuring risk can underestimate what your risks really are.” Read more here.
3/9/10 through 3/13/10 (Miami Kellogg campus) and 7/19/10 through 7/23/10 (Chicago campus). Risk Mgmt. Executive Education Program. Sponsored by Zell Center and PRMIA Click here for more information.
2/10/10. Kellogg Private Equity and Venture Capital Conference, Partnering through Uncertainty: Unlocking Value in a Changing Landscape." Held at the University Club, 76 East Monroe Street, Chicago, IL. Read more hereand link here for video.
2/4/10 and 2/5/10. Risk Mgmt. Executive Education Program. "Enterprise Risk Management in a New Environment with Special Focus on Operational Risk Management." Click here for more information.
2/3/10. Talk: “The Financial Crisis and Its Wake-Up Call,” sponsored by the Zell Center and GARP (Global Association of Risk Professionals). Jaidev Iyer, Managing Director of GARP and David Wong, KSM ‘07, Director of Enterprise Risk Management, Chicago Mercantile Exchange (CME) Group. 12:15 – 1:15 Jacobs 101.
2/1/10. A book compiling papers discussed at the Conference on Measuring and Managing Federal Financial Risk, co-sponsored by the Zell Center and NBER, has just been released. More information can be foundhere.
1/13/10. Zell Center presents talk by Scott Shay, '80, chairman of the board of directors of Signature Bank at 5:15 - 6:15 pm in Jacobs G40. "MBS: How it was transformed from a wonderfully useful tool into the security that ate the American economy." A video of his talk can be found here.
11/18/09. Kellogg Real Estate conference. “Capitalizing on New Real Estate Opportunities - Capturing Value and Operating in a Fundamentally Changed Environment.” Sam Zell, chairman of Equity Group Investments LLC and chairman of the Tribune Company, delivered a keynote address on the current state and future of the real estate industry. The Zell Center for Risk Research was a Platinum Sponsor.
10/27/09. Congratulations Milind Kopikare and Louis Merlini who have been chosen as recipients of the Zell Scholarships for the academic year 2009-10. They will receive an award of $25,000 each. Milind's project is entitled "The Risk of Being Smart: Understanding the NPV of Upgrading to a Smart Grid," and Louis's project is entitled "Green Real Estate: Minimizing Risk on Sustainable Building Upgrades through Energy Market
10/26/09. Myron Scholes, Nobel Laureate in Economic Sciences 1997, and professor at Stanford University, gave a talk, "Flexibility in Crises," in the OLC from 5:15 - 6:15 pm.The Kellogg community can view the password protected video, as well.
10/20/09. Ravi Mattu, Senior Managing Director, Chief Fixed Income Strategist, Citadel Investment Group, and Visiting Scholar of the Zell Center, will be giving a talk, "Did Market Structure Contribute to the Recent Crisis? Lessons from the Lehman Bankruptcy," from 12:15-1:15 pm in Jacobs 160. Co-sponsored with Financial Institutions and Market Research Center.
10/20/09. Bill Wappler, KSM '87, Director of SAC Capital Advisors, will give a talk: "What Portfolio Managers want from Research Analysts." In Jacobs G27, 5:15 - 6:15 pm. Reception follows.
10/8/09, Jeffrey Ubben, KSM '87, give a talk, "Climbing the Wall of Worry,' at 5:15 -6:15 pm, in Jacobs G36. Jeff is Founder, Chief Executive Officer and Chief Investment Officer of ValueAct Capita.l
9/1/09. The Zell Center for Risk Research sponsors two scholarships for students enrolled in the Kellogg MBA program in the amount of $25,000 each. All full time MBA students are eligible (1st and 2nd years and 1Ys). Deadline is Oct. 16, 2009 at 4 pm. Click here for more information.
8/17/09. Taking stock in the real world: The Asset Management Practicum offers students a firsthand experience in portfolio management. Students in the Asset Management Practicum had an opportunity to meet Michael Mauboussin, chief investment strategist at Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places, at the annual advisory board dinner.
6/24/09. Corporate Governance: The Impact on and from the Recent Financial Crisis. The Kellogg Part-Time MBA program is pleased to welcome The Governance Fund, LLC to Wieboldt Hall on June 24th for a very special event, sponsored by the Zell Center for Risk Management.
7/20/09 through 7/24/09. Risk Mgmt. Executive Education Program. Sponsored by Zell Center and PRMIA Click here for more information.
4/10/09. CONGRATULATIONS to finance professor and director of the Zell Center, Bob Korajczyk, whose research on intraday predictability of stock returns has won the Dr. Richard A. Crowell Memorial Prize. See article here.
4/9/09 through 4/13/09 Zell Visiting Scholar Dimitri Vayanos. Professor of Finance and Director, Paul Woolley Centre for the Study of Capital Market Dysfunctionality, London School of Economics. Presenting two lectures titled "Institutional Flows and Asset Prices" on April 9th and April 13th, 2009.
2/12/09 Congratulations to Professor Cami Kuhnen, whose research has been supported by the Zell Center. Her paper, a study on genes and financial risk taking, has been published in the journal of the Public Library of Science (PLoS ONE) . It is also covered in this article by Reuters and this one by Scientific American. It was featured on American Public Media'sMarketPlace radio program.
2/12/09 Professor Bruce Grundy, Zell Visiting Scholar, to give seminar:Charitable Fund-Raising and Matching Grants or Seed Money: An Application to Employee Matching Grant Schemes" during his visit on February 12, 2009 at 11:00 - 12:30 pm. Jacobs G36.
11/20/08 Kellogg Risk Summit: Perspective from the Inside. Too easy to fall off the mountain, say experts at Risk Summit. Practitioners must take a renewed interest in risk management and develop better models to mitigate future financial crises. Read article. (Also, for more information, see paper: "Modern Operational Risk Management" as well as other resources and research).
11/19/08 "Kellogg Finance Conference ventures into ‘twin storms’ of leverage and liquidity." Few bright spots on the economic horizon, say participants as they continue the search for alpha, but some see chance for systemic improvement in wake of crisis...
11/5/08 Kellogg Real Estate Conference. "Identifying Innovative Approaches to a Changing Global Landscape" Real estate conference looks past bad times to focus on new trends, including sustainable building.
10/27/08 Congratulations! Massimo Mancini and Jeff Schaeffer have been chosen as recipients of the Zell Scholarships for the academic year 2008-09. They will receive an award of $25,000 each. Massimo's project is entitled "Corporate risk hedging strategies and shareholders’ value creation: the Southwest Airlines case," and Jeff's project is "The Impact of FAS157 on the Risk, Investment Structure, and Performance of Market Participants Before and During the Financial Crisis."
10/06/08 Sam Zell will talk about “Leading in Turnaround Situations.” He is Chairman and President at Equity Group Investments, LLC and Chairman, Chief Executive, President and Member of Nominating & Governance Committee, Tribune Co. in OLC, 5:15 - 6:15 pm.
9/23/08 "Financial Meltdown of 2008: Wall Street is in turmoil, with new updates of collapsing institutions every day. How did we get here, what exactly is happening, and want can we anticipate?" WEBCAST. Presented byFinance Dept. faculty: Profs. Mitchell Petersen, Robert McDonald andDeborah Lucas. Jacobs 1246, 12:15 - 1:15 pm. Co-sponsored by the Zell Center, IBCM, PEVC. IMC, Finance Club, PEVC Conference. For more information, visit Kellogg Insight Faculty Blogs, "Finance and the Public Interest" by Deborah Lucas and Robert McDonald.
7/28/08 Financial Week. "Risk management moves to the front of the class: The financial meltdown has business schools scrambling to add classes on all things risk, but can they help execs dodge the next big disaster?"
05/12/08. “The Liquidity Crisis/Credit Crunch and the State of the Leveraged Loan Markets." (PDF 556KB) Talk given by David Sachs, founding member of Ares Management LLC, at noon in Jacobs 1246. Co-sponsored with Financial Institutions and Market Research Center.
04/23/08. Jack Treynor was the keynote speaker at the First Annual AMP Advisory Board Meeting. The title of his talk was “The Power to Spend.” Mr. Treynor is President of Treynor Capital Management, Inc. He was the editor of the Financial Analysts Journal for many years and is the author of more than ninety articles that have appeared in numerous financial publications. Along with William Sharpe, Robert Merton, and Harry Markowitz, Treynor is a Distinguished Fellow for the Institute for Quantitative Research in Finance (the Q group). He serves on the advisory boards of the Financial Analysts Journal and the Journal of Investment Management, and has taught courses at Columbia University and USC. Treynor has served as a general partner, trustee, and director of seventy investment companies.
04/18/08. Chicago Microfinance Conference. Students from the University of Chicago Graduate School of Business, the Harris School of Public Policy Studies and the Kellogg School of Management present: Competition & Collaboration: Expanding the Boundaries of Microfinance. The theme of this year's conference is to explore the viability of true collaboration among multiple stakeholders that are engaged in microfinance. The Zell Center for Risk Research is a sponsor of this conference.
04/10/08 Practice meets theory in Kellogg Asset Management Practicum. Jerome Kenney '67, chairman emeritus of Merrill Lynch, offered real-world view of finance during guest lecture on 4/07/08.
04/04/08 Zell Visiting Scholar Dean Thomas E. Zelibor, Rear Admiral, USN (ret), returned to Kellogg on 04/04/08. Read about his talk "How Leaders Cope with Risk," describing how risk can be positive.
04/03/08 Read about the 2008 Private Equity Conference, the premier academic venture and capital and private equity conference in the Chicago area, in the article, “Student leadership, industry insights add value to Kellogg Private Equity Conference.” The Zell Center for Risk Research was a sponsor of this conference.
03/19/08 Zell Visiting Scholar Lisa Goldberg presents a seminar called "Factoring Shortfall"
02/28/08 "Kellogg MBA Students Learn Defense With ETFs and Blue Chips" TheStreet.com
From the article: Last spring, Robert Korajczyk, the Harry G. Guthmann Distinguished Professor of Finance at the Kellogg School of Management at Northwestern University launched a year-long course entitled Asset Management Practicum. Currently, enrolled students manage $2.7 million of Kellogg's endowment and rotate roles -- from analysts to hedge fund managers to traders to portfolio managers.
Read the paper "Social Capital as Good Culture"
01/01/08 Congratulations to the winners of the Zell Scholarship! Stephen Patrick Carlson and Enzo D'Angelo have been chosen as recipients of the Zell Scholarships for the academic year 2007-08. They will receive an award of $25,000 each.
Stephen's project is entitled, "Covenant-Lite Bank Loans: What Will Be Their Implications in a Period of Significant Defaults, and Are Markets Correctly Pricing the Risk?" and Enzo's project is "Limited Partners’ Perceptions and Management of Risk in Private Equity Investing."