Liang Wins Graham and Dodd Scroll Award

Bing Liang
Bing Liang

Bing Liang, the Charles P. McQuaid professor of finance and director of Isenberg’s new master's of finance program in alternative investments, recently received the 2018 Graham and Dodd Scroll Award from the CFA Institute, the global association of investment management.

The winning paper, “Hedge Funds and Stock Price Formation,” was written with Charles Cao, Yong Chen and William N. Goetzmann and addresses how hedge funds help correct stock mispricing.

The Graham and Dodd (G&D) Awards are presented annually to recognize excellence in research and financial writing in the Financial Analysts Journal. Liang is a two-time winner, having previously won the organization’s top honor in 2009 for a paper in which he and his fellow researchers developed a qualitative model for measuring hedge fund operational risk, titled “Estimating Operational Risk for Hedge Funds: The ω-Score.”

“I’m very excited and honored to receive the 2018 Graham and Dodd Scroll Award, especially after getting the top G&D Award in 2009 with my co-authors,” says Liang.