Congratulations to Karamfil Todorov, Winner of the 2019 BlackRock Applied Research Prize
, PhD candidate in the ÐÓ°ÉÂÛ̳ Department of Finance was awarded the prestigious prize for 2019. Karamfil’s research interests are in empirical asset pricing and financial derivatives.
His winning job market paper - Passive Funds Actively Affect Prices: Evidence from the Largest ETF Markets - also won Best Paper in the 7th SUERF (European Money and Finance Forum)/UniCredit Foundation Research Prize. The paper focuses on price impact of narrow ETFs strategies on markets such as the VIX futures. (See Karamfil's Job Market page.)
The recognises the top job market paper submitted by PhD candidates on a practical topic pertaining to financial markets, economics, investment management or risk management, and comes with a $25,000 prize. A complete list of award papers and recipients can be found on the .
The 2019 Academic Panel for awarding the Prize was made up of:
- , Northwestern University, Associate Provost for Faculty, First Chicago Professorship in Finance, Professor of Finance
- , BlackRock, Managing Director, Global Head of Systematic Equity Research
- , Massachusetts Institute of Technology, Department of Economics
- , New York University, Leonard N Stern School of Business, David S. Loeb Professor of Finance , Boxer Faculty Fellow.
The Department of Finance would like to congratulate Karamfil for his tremendous achievement.