News from CEAM

Professor Elroy Dimson has for decades boosted our historical understanding of financial markets. He reflects on how he became hooked on financial data through an early sojourn into the corporate world, how markets history may judge artificial intelligence, and how his family’s wine business resonated in his research into collectibles.

The Lifetime Achievement Award from PAM Insights cites his work in research, teaching and for producing with academic colleagues an essential asset-returns database.

Stock market returns have been lower in the first quarter of the 21st century than the 20th century, but still had annualised real returns of 3.5%, says report co-authored by Professor Elroy Dimson.

Annual UBS Investment Returns Yearbook, co-authored by Professor Elroy Dimson of Cambridge Judge Business School, finds that Japan, Canada, Germany, Australia and other nations have lost stock market share to the US.

Inflation hit decades-long highs in 2022, and easing is historically very slow from such levels, says new report co-authored by Elroy Dimson of Cambridge Judge Business School.

Top awards granted at the European Investment Forum organised by the Centre for Endowment Asset Management at Cambridge Judge Business School and FTSE Russell, a London Stock Exchange Group (LSEG) company. A paper on environmental activist investing and a presentation on the value of privacy for individuals won top awards at the European Investment Forum in Cambridge, which was organised by the Centre for Endowment Asset Management (CEAM) at Cambridge Judge Business School and FTSE Russell, an LSEG business. The 12-14 September Forum showcased innovative ideas across the natural and social sciences, and explored such ideas as quantum computing, digital currency opportunities and challenges, and sustainable investing. An integral part of the Forum is a research competition for early career academics, with 97 entrants competing for an opportunity to present at the event. Two winners were selected from the finalists and awarded for best paper prize and best presentation. The Best Paper award was won by Lakshmi Naaraayanan, Assistant Professor of Finance at London Business School, for a study entitled "The Real Effects of Environmental Activist Investing". "Using plant-level data, we find that targeted firms reduce their toxic releases, greenhouse gas emissions, and cancer-causing pollution," says the study. "Improvements in air…

The outperformance of US equity markets in the last century has continued in the 21st century, says a new study co-authored by Elroy Dimson of Cambridge Judge Business School.

Research paper co-authored at Cambridge Judge Business School on how investors can influence companies on environmental and social issues is named best paper in the annual Brandes Institute Prize.

Study of four Cambridge and Oxford Colleges co-authored at Cambridge Judge Business School shows that long-term property investment is less profitable than previously thought.

Following high returns in the 1980s and 1990s, real equity returns have since been below historical averages despite pandemic recovery, says Credit Suisse Yearbook co-authored by Professor Elroy Dimson from Cambridge Judge Business School.

Paper co-authored by Professor Elroy Dimson of Cambridge Judge Business School on environmental, social and governance investment ratings wins Best Article award from the Journal of Portfolio Management.

University endowments use their long-term perspective to invest countercyclically at times of stock-market crisis, says new study at the Centre for Endowment Asset Management at Cambridge Judge Business School.