Experience Stern | News & Events

Excerpt from Investment Weekly News -- "It is widely believed that a diversified hedge fund portfolio strategy is an effective hedge against adverse market movements. New research by NYU Stern Finance Professor Stephen Brown, with co-authors Greg Gregoriou and Razvan Pascalau of SUNY College at Plattsburgh School of Business and Economics, shows this is not the case..."

In July, NYU Stern generated more than 700 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including the credit rating downgrade, the News Corporation scandal and the risk of a double-dip recession in prominent outlets such as Associated Press, Bloomberg, CNN and The Wall Street Journal. Additionally, in more than 50 op-eds, Stern faculty discussed the debt ceiling debate, the Eurozone crisis and the one-year anniversary of Dodd-Frank.

Excerpt from Reuters -- "The best hope would be we'll get the debt ceiling raised and then we'll have a complex, difficult debate about restoring fiscal stability, and hopefully it will keep the pieces that help us rebuild the growth and employment momentum."

Excerpt from Variety -- "NYU Stern's Entertainment, Media and Technology Program head Al Lieberman says News Corp. is clearly the most global among studio parent companies, citing its expansive ownership stakes in the U.K.'s BSkyB, Star India, Star China, Fox Italia and elsewhere."

Excerpt from Reuters -- "Remember, all a downgrade means is at AAA, the rating agencies were saying, extremely unlikely that the US would default, fail to make a payment. A downgrade to AA means still pretty unlikely but we can't use the word "extremely" anymore. It could well happen over this weekend. But it's not a certainty."

Excerpt from Entertainment Close-up -- "New research demonstrates a relationship between a magazine brand's digital aptitude and its advertising revenue per-page, according to the most recent Digital IQ Index published by L2 in conjunction with NYU Stern."

Excerpt from Shanghai Daily -- "The eurozone crisis is reaching its climax. Greece is insolvent. Portugal and Ireland have seen their bonds downgraded to junk status. Spain could lose market access as political uncertainty adds to its fiscal and financial woes. Financial pressure on Italy is now mounting."

Excerpt from The New York Times Dealbook Blog -- "I was at Lehman, and my hours weren’t great. But here, from what I can tell, they’re working pretty hard. It’s not as cushy a government job as we all thought going in. But I think the folks here are just as bright as the folks at Lehman, maybe brighter."

Excerpt from Xinhua News Agency -- "The U.S. government has never defaulted or missed a payment on its debt since 1791 when the national debt started. That's how you build a reputation. I think, we already lost a little bit, but if we actually do get in a temporary default, we'll lose a lot of reputation and something that we built up over 200 years by never missing a payment on our debt that goes out the window. "

Excerpt from The Times -- "Jim Liew, of the NYU Stern School of Business, said Mr Soros's decision raised the question of whether the regulatory pendulum had swung too far."

New research demonstrates a clear relationship between a magazine brand’s digital aptitude and its advertising revenue per-page, according to the most recent Digital IQ Index® published today by L2 in conjunction with NYU Stern.

Excerpt from Bloomberg Businessweek -- "Okun unsheathes the alternative: an iPad (AAPL) edition of the same course materials—a feature NYU introduced last year. In each digital case study, students can highlight material in fluorescent colors and take notes. A tap on the screen allows them to skip to an exhibit at the end of a document, and then follow the menu back to where they left off reading—with no virtual or actual page-leafing required. All the features work offline." Additional coverage appeared in US News.

Excerpt from The Wall Street Journal -- "I can sympathize with S&P deciding 'Gee, you guys are screwing up, and it's no longer a sure thing' " that the government won't default on its debt, said Lawrence White, an economics professor at New York University."  Additional coverage appeared on Australian Broadcasting Corporation.

One year after the signing of the Dodd-Frank financial regulation reform legislation, regulators and market watchers say there are still a lot of hurdles to overcome to avoid another financial meltdown.

Excerpt from The New York Times Economix blog -- "Recent reports of the bleak jobs outlook for the United States brought to mind an eye-opening report for the Council on Foreign Relations by Michael Spence, a Nobel laureate, and Sandile Hlatshwayo. I highly recommend that report, at the very least its summary, “Globalization and Unemployment,” in the current issue of Foreign Affairs. It clearly explains our current dilemma in the labor market."

At the one-year anniversary of the Dodd-Frank Act, the NYU Stern Systemic Risk Rankings, launched in April 2010 by New York University Stern School of Business, shows that systemic risk has been reduced by 18% since July 2010. The ranking, a weekly rating and ordering by level of risk that the largest U.S. financial institutions bring to the financial system, measures the potential severity (but not the probability) of a systemic financial crisis, were one to occur. The measure shows that systemic risk has been reduced from $750 billion a year ago to $615.6 billion today.

Excerpt from US News & World Report -- "Christina Fang, a professor of management at NYU's Stern business school, tracked the Wall Street Journal's Survey of Economic Forecasts to find out how accurate these highly paid analysts' forecasts were when billions of dollars were at stake. Surely this would lead to more accurate predictions. Her paper, "Predicting the Next Big Thing: Success as a Signal of Poor Judgement," draws some stunning conclusions."

Excerpt from The Huffington Post -- "We are missing the lesson of the current British outrage over Murdoch just as we missed the lesson of the financial crisis in America."  Additional coverage appeared on GlobalResearch.ca.

Excerpt from BBC News -- "But economics Professor Nouriel Roubini, from New York University's Stern School of Business, said although the summit called Greece's debt restructuring an exceptional case 'a year from now Portugal and Ireland will need the same debt relief.'"  Additional coverage appeared on Market Oracle, Guardian.co.uk, TheTrumpet.com and Economic Times.

New York University Stern School of Business celebrates the five-year anniversary of delivering its top-ranked Langone Part-time MBA Program in Westchester. Responding to the need for flexibility among working professionals pursuing an MBA on a part-time basis, NYU Stern began offering classes at the SUNY Purchase campus in Westchester in September of 2006.

Excerpt from Knowledge@Wharton -- "According to Nouriel Roubini, an economist at New York University's Stern School of Business, the major risks to the U.S. economy include 'deleveraging of the household sector, high unemployment, a housing double dip, state and local government problems, and gridlock in Congress.'"

Excerpt from The Huffington Post -- "Surviving institutions are likely to be stressed themselves in the event of a crisis," Thomas F. Cooley, an economics professor at the New York University Stern School of Business, said during a panel discussion on the financial reform law last month. And the fact that companies may be forced to pay up after the fact "may encourage them to take additional risk," he said.

Excerpt from Xinhua -- "Today, Murdoch basically said that I’m here to stay and I’m the best person to fix these problems. That may indeed work for the short run but his appearance also today showed a lot of people that this is an 80-year-old man and we lose control of some of our faculties over time and it may indeed come back to haunt him that he made that personal appearance and there may be some questioning on the part of a number of financial stakeholders, board members even whether it’s time for Rupert Murdoch to step aside."

Excerpt from VoxEU.org -- "The sovereign-debt crisis spreading through Europe is threatening the existence of the single currency. Meanwhile in the US, debt has been a problem for many states without threatening the US itself. This column proposes a way of preventing future crises in Europe by learning how policymakers in the US achieve fiscal prudence without loss of sovereignty."

It is widely believed that a diversified hedge fund portfolio strategy is an effective hedge against adverse market movements. New research by NYU Stern Finance Professor Stephen Brown, with co-authors Greg Gregoriou and Razvan Pascalau of SUNY College at Plattsburgh School of Business and Economics, shows this is not the case: well-diversified funds of hedge funds are more sensitive to risk than is the average hedge fund in extreme market conditions.