The FINANCIAL -- A pair of London Business School assistant professors of finance have been recognised for their work in asset pricing.
Igor Makarov and Alexander Gorbenko have been crowned winners of the NASDAQ OMX Award for Best Paper on Asset Pricing.
According to London Business School, they were honoured for their 'CDS Auctions' paper at the recent Western Finance Association Meeting which took place in Las Vegas last month.
Their triumph was one of only five awards announced during the four-day annual conference, with the award accompanied by a cheque for $5,000 (£3,188).
London's reputation for excellence in financial education was reinforced further by the fact that the paper's other author, Mikhail Chernov, also lectures in the capital in his role as professor of finance at the London School of Economics.
Messrs Makarov, Gorbenko and Chernov have followed in the footsteps of UCLA's Anderson School of Management associate professor Hanno Lustig, who won the Best Paper on Asset Pricing award for his work entitled 'Is the Volatility of the Market Price of Risk due to Intermittent Portfolio Rebalancing?'
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