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4th Annual CME Group-MSRI Prize event September 17, 2009
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Dr. Sanford Grossman, 2009 Recipient of the
CME Group-MSRI Prize in Innovative
Quantitative Applications

The Mathematical Sciences Research Institute (MSRI), in conjunction with the CME Group (Chicago Mercantile Exchange), awarded Dr. Sanford J. Grossman, Chairman and CEO, QFS Asset Management, the fourth annual CME Group-MSRI Prize in Innovative Quantitative Applications on Thursday, September 17 at the CME Group World Headquarters, in Chicago.

The event included a panel discussion on "Regulation of Speculation and Systemic Risk" with moderator Jose A. Scheinkman, Theodore A. Wells ’29 Professor of Economics, Princeton University, and panelists Craig Donohue, CME Group Chief Executive Officer; Markus K. Brunnermeier, the Edwards S. Sanford Professor of Economics at Princeton; Jacob Goldfield, founder of the hedge fund, JGFund and former chief investment officer of Soros Fund Management; and S. Craig Pirrong, Professor of Finance, University of Houston and Director of the Global Energy Management Institute.

The panel discussion will be webcast "live" on the CME Group Web site at: http://www.cmegroup.com/msri. In addition, the event will be archived on the CME Group Center for Innovation and MSRI VMath web pages.

Robert J. Shiller, Arthur M. Okun Professor of Economics at Yale University, will introduce Dr. Sanford Grossman, the 2009 prize winner, at the ceremony awarding the medal.

The panel will be followed by a reception, dinner, and keynote address by Dr. Grossman at the award ceremony. By invitation only.

The annual CME Group-MSRI Prize will be awarded to an individual or a group, to recognize originality and innovation in the use of mathematical, statistical or computational methods for the study of the behavior of markets, and more broadly of economics.

To learn more about the CME Group-MSRI Prize event, please visit the CME Group Center for Innovation site.


Previous recipients of the CME Group-MSRI Prize and Medal:
2008: Lars Peter Hansen, Homer J. Livingston Distinguished Service Professor in the Departments of Economics and Statistics at the University of Chicago
2007: David M. Kreps, Senior Associate Dean for Academic Affairs, Faculty Director of the MBA Program, and Theodore J. Kreps Professor of Economics, Stanford Graduate School of Business
2006: Stephen A. Ross, Franco Modigliani Professor of Financial Economics, MIT Sloan School of Management

2009 CME Group-MSRI Prize Selection Committee:
Anat Admati, Stanford Graduate School of Business
Robert Bryant, Mathematical Sciences Research Institute
Douglas Diamond, University of Chicago Booth School of Business
John Gould, University of Chicago Booth School of Business
Leo Melamed, CME Group
David M. Kreps, Stanford Graduate School of Business
Jose A. Scheinkman (Prize Committee Chair), Princeton University, Department of Economics

Medal awarded to the winner of the CME Group-MSRI Prize in Innovative Quantitative Applications (Ben Blackwell photography)