Richard Roll, UCLA Anderson School of Management’s Distinguished Professor of Finance and Joel Fried Chair in Applied Finance has won The Bernstein Fabozzi/Jacobs Levy Award for best article in The Journal of Portfolio Management.
Roll’s article was titled “Volatility, Correlation, and Diversification in a Multi-Factor World.” Subscribers vote for the winners annually and Jacobs Levy Equity Management funds the awards—the winner takes home a $2,500 prize.Along with holding the Joel Fried Chair in Applied Finance, Professor Roll is a principal of the consulting firm, Compensation Valuation, Inc. In the past, he has worked for the Boeing where he worked on the 727 and wrote the operating manual for the first stage booster of the Saturn moon rocket. Between 1985-87, he was a vice-president of Goldman, Sachs & Co., where he founded and directed the mortgage securities research group. He has been a consultant for many corporations, law firms, and government agencies, and has served on several boards.
Roll has published two books and more than 100 articles in peer-reviewed journals. He has won the Irving Fisher Prize as the best American dissertation in economics for his 1968 doctoral thesis and the Graham and Dodd Award for financial writing four times and the Leo Melamed Award for the best financial research by an American business school professor.
Established in 1999, The Bernstein Fabozzi/Jacobs Levy Awards honor Editors Peter Bernstein and Frank Fabozzi for their contribution and promotion of research excellence in the theory and practice of portfolio management.