Thursday, January 25, 2007 - Press Release Distribution - PR Agency

Note to self: add Fama-efficient to vocabulary! - Press Release Distribution - PR Agency:
"Nobel prize winner Professor Robert Engle, New York University, will discuss Generating Return on Capital in a ‘Fama-Efficient’ World with Fabrizio Gallo and Robert Ferstenberg from Morgan Stanley in a public event at LSE on Tuesday 30 January. The equity investment management business has undergone dramatic change in recent years as a result of regulation that has induced competition between market centre and provided equal access to financial information for all market participants. Consequently, global equity markets are becoming ‘Fama-efficient’ in the sense that it is increasingly difficult for any single investor to outperform the overall market for an extended period of time."

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