Recent News

Bitcoin and other forms of cryptocurrency have been a hot topic as the new alternative to the dollar but, according to Campbell R. Harvey, PhD, Duke University professor and research associate at the National Bureau of Economic Research, decentralized finance (DeFi) is flying under the radar and could prove to be much more beneficial to the average consumer.

At the beginning of World War II, seven-year-old Leo Melamed and his family fled their small town in occupied Poland and landed in America with the help of a kind Japanese Consulate member who granted his family a visa to travel through Japan.

In a recent Gabelli School Centennial Speaker Series webinar sponsored by the CFA Society New York, the Gabelli Center for Global Security Analysis, and the Museum of American Finance, Michael Mauboussin, co-author of Expectations Investing: Reading Stock Prices for Better Returns, discussed how traditional investors determined if a stock was favorable and offered a common-sense alternative to identifying gaps between price and value.

On Oct. 21, members of the Fordham community heard how a unique idea helped Robert “Bob” O’Shea, GABELLI ’87, become one of the youngest partners in Goldman Sachs history before establishing his own firm.

Allocators—an elite group of investors—influence how money moves around the world on the behalf of institutions such as foundations, pension funds, and sovereign wealth funds.

In this session, Gunjan Banati, chief risk officer and managing director at Royce Investment Partners, and Dianne McKeever, JD, LAW ’15, chief investment officer and co-founder of Ides Capital Management LP, discussed ESG trends, disclosure, and governance.

In 1977, Hungarian-born Thomas Peterffy purchased a seat on the American Stock Exchange. A decade later, he developed a fully automated market-making system for stocks, options, and futures, an innovation that forever changed the trading floor and fast-tracked his career success.

With roots dating back to the 1800s, Brown Brothers Harriman & Co. is the oldest and one of the largest private investment banks in the United States. Its influence on the early American economy helped navigate the country through financial turbulence by fueling the cotton trade and the steamship and railroad industries.

Investors in the Italian Renaissance could have predicted today’s low interest rates, according to Paul Schmelzing, Ph.D., who dove deeply into American and European economic archives to research real interest rate dynamics.

Today’s interest rates can be as low as 3%, but in the 1970s, Americans were paying 17% just to borrow money. In 1982, Henry Kaufman, then managing director of Salomon Brothers Inc., issued a memorandum predicting that interest rates would plummet, and bond prices would soar. What happened next was the biggest economic uptick since World War II.