The Financial Markets Group frequently appears in the press, and our staff and associates are often asked to comment on the latest financial news stories. Here you will find a selection of news articles relating to the FMG.
How to Fix Wall Street’s Flawed System of Compensation
New York Times, July 2016
Report on a recent speech by Professor Charles Goodhart, who argues that transformation of the old partnership culture into a bonus culture where bankers, traders and executives have minimal accountability, has resulted in a marked increase in the frequency and intensity of financial crises.
Breaking the 'curse of the benchmarks
Irish Times, April 2016
Institutional investors’ obsession with short-term performance means money managers are engaging in activity that is “not merely superfluous but wealth-destroying”, causing bubbles, crashes and financial market dysfunction.
Do Benchmarks Distort the Markets? & The Curse of the Benchmarks, Part II
Morningstar, March 2016
Dimitri Vayanos and Paul Woolley have taken the common idea that benchmarks hamper fund managers one very large step further. In Curse of the Benchmarks, they argue that using market-capitalization-weighted benchmarks damages more than just fund managers. The practice, they claim, hurts the financial markets themselves.
China's Belt-Road initiative to establish Asia-Europe economic zone, strengthen integration
Xinhua news, March 2016
China's Belt and Road Initiative will establish a large Asia-Europe economic zone, providing opportunities for dozens of countries along the "Belt and Road" routes integrating into the global economy, according to FMG's Simeon Djankov.
Fund managers lose out from benchmarking
Financial Times, March 2016
John Plender focuses on research by Dimitri Vayanos and Paul Woolley in an examination of financial benchmarking
A new contract for growth
The Economist, August 2015
Dr Paul Woolley's work is discussed in an article for The Economist about short-termism and the way investors employ fund managers.
The Morning Risk Report: How Activist Wolf Packs Work
Wall Street Journal, 19 February 2015
Focusing on Amil Dasgupta's 'Wolf-Pack Activism' research