Peter Kondor, a research student at the Financial Markets Group, London School of Economics and Political Science (LSE), has been awarded the 2005 GAM Gilbert de Botton Award in Finance Research 2005. He was awarded the prize of £10,000 for his paper Risky Arbitrage, Liquidity and Delegation.
The GAM Gilbert de Botton Award, given in recognition of outstanding research in finance, was established with the support of GAM and is awarded annually by the Financial Markets Group at LSE and GAM. The award was created in honour of the late Gilbert de Botton, founder of GAM.
A team of experts from the academic and the business community evaluated the research papers submitted and selected six papers for the shortlist. Xuewen Liu and Alexander Bleck were awarded the first runner-up prize of £5,000 for their paper on Market Transparency and the Accounting Regime and second runner-up prize of £2,500 goes to Enrico Sette for Competition in Information Transmission.
Other research papers shortlisted for the award were:
Sridhar Arcot: Participating Convertible Securities in Venture Capital Exits
Mohammed Fawaz: Optimal Threshold in Filter-based Contrarian and Momentum Strategies
Michael Kollo: Underwriter Competition and Gross Spreads in the Eurobond Market
Information about the GAM award competition 2006 will be posted in the FMG website in December 2005. See: http://fmg.lse.ac.uk/
The GAM Gilbert de Botton Award is given in recognition of outstanding research in finance. The Financial Markets Group at LSE would like to thank GAM for their generous support that will enable us to continue our efforts to promote top quality research by talented young people in financial market behaviour and practice. Previous winners included Hassan Naqvi in 2003 who is now an Assistant Professor of Finance at National University of Singapore, and Miguel Segoviano in 2004 who has also successfully competed his PhD this year and moved to the IMF.
The Award was created in honour of the late Gilbert de Botton, founder of GAM. Gilbert de Botton founded GAM in 1983. A man of wide-ranging intellectual interests, he is widely acknowledged as the pioneer of the 'open architecture' model of asset management. GAM manages more than billion of clients' assets from ten offices around the world and has been owned by UBS AG since 1999. It continues to have distinctive style and culture.
A team of experts from the academic and the business community evaluated the research papers submitted. The 2005 Award's Jury included Professor David Webb (director, Financial Markets Group, LSE) as chairman of the panel, Professor Charles Goodhart (research programme director, Financial Markets Group, LSE), Dr Ross Altman (governor, LSE), Dr Shusil Wadwhani (Wadwhani Asset Management LLP) Dr Michael Kuczynski (Pembroke College, Cambridge) Dr Burkhard Poschadel (vice chairman, GAM), Mr Jeremy Smouha (director, GAM) Mr David M. Solo, (group chief executive officer, GAM) and Mr Graham Wainer (group head of clients and portfolio management, GAM).
1 July 2005