About the project
Led by Professor Elroy Dimson and Dr David Chambers, the Newton Centre for Endowment Asset Management will edit a specialist book addressing the question "What do investment practitioners need to know about financial market history?"
The book will be published by the Chartered Financial Analyst (CFA) Institute's Research Foundation and is due out in early 2016.
The book aims to frame the relevance of financial history to investment practice - allowing practitioners greater insight into this area of research. The themes covered in this publication will include stock, bond, real asset and currency returns over the long-run, bubble and technology investing, manias and panics, early financial contracts and security design, the history of stock exchanges and the rise of institutional investing. Contributors to this report represent leading academics from the US and Europe in the area of financial market history.
The Financial Market History Workshop
The early development of the content for this book has been supported by a workshop, held at the University of Cambridge Judge Business School on Thursday 23 and Friday 24 July 2015. The event was an extension of a regular biennial meeting held between academics working within financial history. It brought together 18 of the world's leading academics in the area of Financial Market History and a select group of approximately 30 investment practitioners with a specific interest in this area. Drawing on a well-established workshop method, the goal of this event was to present ideas framed around the core question: What do investment practitioners need to know about financial history? These ideas were then further developed through feedback and suggestions during the workshop.
Download the workshop programme (pdf, 587KB)
The workshop was funded through the generous support of the following organisations:
- CFA Institute's Research Foundation
- Cambridge Judge Business School
- Carn Macro Advisors
- CFA UK
- Credit Suisse
- JP Morgan Asset Management