How to contact us

The Financial Markets Group

Department of Finance
London School of Economics & Political Science
Houghton Street
London WC2A 2AE
United Kingdom

Tel: +44 (0) 207 955 6206
Email:  fmg@lse.ac.uk

 

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News and announcements

The most current articles and announcements related to the FMG, its staff and its associates are posted here.

Older articles can be found by clicking on the relevant headings below or in the left hand column.

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Announcements

New working paper highlights the 'Curse of the Benchmarks' in financial markets

A new working paper by Dimitri Vayanos and Paul Woolley suggests that using stock market indexes as benchmarks of investment performance causes most of the problems associated with asset pricing and asset management: risk/return inversion, short-termism, bubbles and crashes, and  low returns. Intriguingly, momentum funds game benchmarked funds and exacerbate the distortions. Read the paper.

 
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Media articles by FMG staff   

Stress testing and macroprudential regulation: A transatlantic assessment     

VoxEU.org, May 2016

Since the onset of the Global Crisis in 2007-08, stress testing has emerged as a major component of the supervisory toolkit. Professor Ron Anderson presents the perspectives of policymakers, stress test designers and academics on the remarkable development of a tool which ten years ago was little known. Read more.

 
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In the news 

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. So says former fund manager Dr Paul Woolley of the FMG.

 
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