Program for Financial Studies at Columbia Business School

Fellowships and Grants

The Network for Studies on Pensions, Aging and Retirement (Netspar) has awarded a competitive three-year international grant to a group of researchers at Columbia Business School. Coordinated by Program for Financial Studies Academic Board Member Andrew Ang and also involving professors Geert Bekaert, Pierre Collin-Dufresne, Robert Hodrick, Morten Sorensen, and Steve Zeldes, the research agenda is “Aspects of Long Horizon, Illiquidity, and Non-Linear Tail Risk for Portfolio Strategies.” This research exemplifies the link between theory and practice, advancing academic scholarship with direct and significant policy implications in the areas of asset pricing, asset allocation, risk management, and pension valuation and design.