Currently Funded Projects
The Research Foundation funds grants for high-quality research projects that expand the body of investment knowledge available to practitioners, assist practitioners in understanding and applying this knowledge, and contribute to the investment management community's effectiveness in serving clients. The foundation has a research grant budget of US$125,000 per year. The Research Foundation's research agenda is directed by the research director, Laurence B. Siegel.
Following is the list of books currently in production:
Faith-Based Banking: An Islamic Perspective
By Bala Shanmugam and Zaha Rina Zahari
Using up-to-date information on Islamic finance, which is often scanty and difficult to obtain, the authors outline the development of and challenges faced by Islamic finance — an important endeavor considering that Islamic finance has evolved from a peripheral activity to a sizable alternative financial management system.
The Future of Life-Cycle Saving and Investing: Focus on Retirement
Building on the themes from the 2006 conference, this proceedings of the 2008 conference explores what the modern science of life-cycle finance implies for households, businesses, and government with a focus on the retirement phase.
Voices of Wisdom: Understanding the Global Financial Crisis of 2007–2009
The global financial crisis of 2007–2009 is unprecedented in modern times. Nevertheless, it can be better understood by taking a long historical perspective that includes crises and crashes from other times and places. A select group of 15 authors or writing teams with extensive experience in the investment management profession was invited to contribute essays to this extraordinary collection, edited by our research director, Laurence B. Siegel.
Following is a list of currently funded research projects:
Understanding Professional Investors: Human Nature and the Role of the Emotions
By David Tuckett and Richard Taffler
This book is primarily designed for investment professionals, although
finance academics will find it of equal interest. It seeks to provide a
practical understanding of the work of fund managers and the processes of
thinking and judgment they bring to their work. In this way those working
in the investment management environment can be given additional tools to
help them manage the emotional and other stresses associated with the
highly uncertain, complex, competitive and unpredictable market
environments in which they operate.
In particular, the study introduces the important new perspective of emotional finance which builds on the insights Freudian psychoanalysis offers into the workings of the human mind and the unconscious needs and fears that drive much of investment activity. The book draws on the results of over 50 interviews with senior fund managers in the US, UK and Europe designed to understand how emotions may influence working methods and judgments and their functional and dysfunctional consequences.
