News and Events

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
Hedging."

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. Read about the talk here: 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.

7/20/2009 through 7/24/2009. 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.

4/9/2009 through 4/13/2009 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.

4/7/2009 Christian Bontemps, Toulouse School of Economics and IDEI, on “Moment-based Tests for Discrete Distributions.” Jacobs 5237. 12:15 - 1:20

2/12/2009 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's MarketPlace 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.

10/03/08 Kellogg School experts on "U.S. bailout: Will it work?" Northern Trust chairman William Osborn ’73 joins faculty panel discussion on financial crisis.

10/02/08 "Investing During Times of Crisis" with Jeffrey Ubben KSM '87 and Brian Posner WCAS '83. 5:15 - 6:15 pm. Jacobs G05. Light refreshments.

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 by Finance Dept. faculty: Profs. Mitchell Petersen, Robert McDonald and Deborah 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?"

06/12/08 PRMIA (Professional Risk Managers' International Association) announces a new university partnership with Kellogg School of Management at Northwestern University.

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.

01/16/08 The research of professor and Zell Center Faculty Fellow Paola Sapienza (with Luigi Zinglaes, funded in part throught the Center) is detailed in the Wall Street Journal.

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."