New from CRSP - january 2012
Happy new year!
CRSP extends best wishes for a promising new year. Watch our website for new developments as the year unfolds!
job opportunities at crsp
Despite the challenging economy, CRSP is growing! We have opportunities located in our Chicago Loop Financial District office. See more here. >>
Annual shipments
The annual release of CRSP Stock, Index, Treasury and Ziman products will ship at the end of this month.
Origin of the First Index Fund
Key players in the creation of the first index fund came from all walks of life: there was a mechanical engineer with a bent for portfolio management and an eye on the future of computation; a mathematician-musician from Kentucky; a statistician from Stanford, on loan from IBM; two young graduates with theorems on their minds; a brand-new professor and his mentor; and a bank chairman who was ready to go the distance. But, like the center of a beautiful spider-web, there was Chicago, spinning and binding all the parts together to make something brand new. Read the story of how it all happened and the important role CRSP played.
CRSP Data used for best-selling book
Asset Manager and best-selling author, James O'Shaughnessy, has published the 4th edition of his classic work, What Works on Wall Street. O’Shaughnessy relied on CRSP data to research and back-test the strategies discussed in the book.
Chicago Booth Blog
The Chicago Booth faculty recently created a blog on the Bloomberg website called Business Class. This blog is written by a variety of Chicago Booth faculty members and it discusses money, the market, and public policy. Click here to view the blog. >>
In the Press
FTSE GROUP announced that the ICB Global Classification System has been licensed by CRSP. Read more >>
FINANCIAL ADVISOR MAGAZINE: Gary A. Miller and Scott A. MacKillop write about new research in the large cap/small cap debate. CRSP data was used in their research. Read more >>
CRSP Board Members
THE WASHINGTON POST: Professor Steven Kaplan was featured in a Q&A interview headlined Private-equity returns and the Carlyle Group. The $400 million in compensation paid to the three founders of the Carlyle Group “obviously … is a large amount of money,” Professor Kaplan said, “but they earned it because compensation is heavily tied to performance in private equity.” The company “returned at least $15 billion to its investors this year … and $400 million is less than 3 percent of the $15 billion,” he said. Read more >>
CHICAGO TRIBUNE: Professor Steven Kaplan laid out the case he would make if he were on the receiving end of criticism about Mitt Romney’s tenure as head of Bain Capital. Read more >>
THE ATLANTIC: Separate research by Professors Steven Kaplan and Steven Davis was featured in an article headlined Is Private Equity Bad For the Economy?. “Mitt Romney’s private equity record is suddenly the talk of the GOP presidential contest,” the magazine wrote. “What do we know about the industry he helped to create?” Research by Professors Davis and Kaplan helps answer that question. Read more >>
NATIONAL PUBLIC RADIO: Professor Steven Kaplan discussed the role of private equity firms in the U.S. economy during a one-hour appearance on The Diane Rehm Show January 12. Listen to broadcast >>
THE WALL STREET JOURNAL: Professor John Cochrane published an op-ed titled The Fed’s Mission Impossible. The Federal Reserve’s capital proposals for banks “don’t go nearly far enough,” he wrote. “Putting less than one investor dollar at risk for every 10 borrowed dollars seems laughably low when we’re guaranteeing the debts. With a 50-50 chance of a banking tsunami coming across the Atlantic from Europe, you wonder why the Fed is allowing any dividends at all". Read more >>
BLOOMBERG NEWS: Professor Steven Kaplan published an op-ed titled Romney Honed the Right Skills in Private Equity. The skills Mitt Romney’s acquired as co-founder of Bain Capital are “both relevant and valuable in the White House,” Professor Kaplan wrote. “Private equity firms in general, and Bain Capital run by Romney in particular, have delivered strong results for their customers.” A Washington Post blog said this was one of the top op-eds of the week. Read more >>
BLOOMBERG NEWS: Professor John Cochrane published an op-ed titled How Bad Ideas Worsen Europe’s Debt Meltdown. “Bailouts are the real threat to the euro,” he wrote. “The European Central Bank has been buying Greek, Italian, Portuguese and Spanish debt. It has been lending money to banks that, in turn, buy the debt. When the debt finally defaults, either the rest of Europe will have to raise trillions of euros in fresh taxes to replenish the central bank, or the euro will inflate away.” Read more >>
| January 6-8 | Allied Social Science Associations (ASSA) Annual Meeting - Chicago, IL |
| January 19 | Monthly US Stock and Index Database Ship Date |
| January 31 | Quarterly, Annual US Stock and Index Database Ship Date |
| Monthly, Quarterly CRSP/Compustat Merged Database Ship Date | |
| Quarterly US Survivor-Bias-Free Mutual Database Ship Date | |
| Monthly, Quarterly, Annual CRSP/Ziman Real Estate Data Series Ship Date | |
| February 16 | Monthly US Stock and Index Database Ship Date |
| February 29 | Monthly CRSP/Compustat Merged Database Ship Date |
| Monthly CRSP/Ziman Real Estate Data Series Ship Date |