Tulane professors share NAAIM's Founders Award
Two Tulane University professors have received $5,000 from the National Association of Active Investment Managers (NAAIM) as winners of the group's 2018 Founders Award for academic research.
Shuoyuan He and Gans Narayanamoorthy recently shared first place for their paper "Earnings Acceleration and Stock Returns" during NAAIM's conference in Orlando.
According to the NAAIM, the paper described what influences "inefficiencies" in financial markets leave "money on the table" and explored trading strategies that lead to above market returns.
“Any evidence of systematic mispricing in academic research needs to be highly robust," Narayanamoorthy said. "Documenting an anomaly that meets this high standard is clearly significant. In our research, we asked, are investors missing something fundamental? The earnings acceleration anomaly demonstrates robustness and provides support for the role of quantitative and technical analyses in the development of trading strategies."
The NAAIM Founders Award was established nine years ago to bring awareness about active investment management techniques and active strategies established through research on active management.
Since its inception, the NAAIM award program has highlighted over 140 papers from financial professionals and academia from across the globe that support active investment management.