New Haven, Conn., September 24, 2003 -- Since New York Attorney General Eliot Spitzer launched an investigation into fraudulent practices in the mutual fund industry, more and more attention is being paid to the subject of fair value pricing as a means of combating arbitrage. A Yale School of Management study cited in Spizter's formal complaint was the first to propose fair valuation method that fund companies and regulators can employ to substantially reduce opportunity the market timing and enable mutual funds to calculate more consistent and accurate daily NAVs.
New Haven, Conn.-September 15, 2003 -- The Yale School of Management is pleased to announce that it has received a grant of $1.5 million dollars from The Goldman Sachs Foundation. The grant will help fund "The Yale School of Management – The Goldman Sachs Foundation Partnership on Nonprofit Ventures," an initiative established in 2002 to educate nonprofits about nonprofit enterprise. This is the second such grant bestowed by The Goldman Sachs Foundation. The first, a $1.5 million contribution in 2002, helped launch The Partnership, which also receives support from The Pew Charitable Trusts.
As New York Attorney General Eliot Spitzer launched an investigation into the fraudulent after-market trading practices of mutual fund firms, Professors K. Geert Rouwenhorst and William Goetzmann were on the forefront of those commenting on the probe.
Donald Hamilton Ogilvie, a member of the SOM Charter Class, an advisor to Fortune 500 executives and leaders of major non-profit and government organizations, who helped establish Afro-American studies as a respected field of university scholarship, died of a heart attack on Sunday, July 27th, 2003. He was 57.
Neal Keny-Guyer '82 spoke at SOM's Commencement ceremonies on Monday, May 26, 2003. Keny-Guyer has served as CEO of Mercy Corps since 1994. Under his leadership, Mercy Corps has emerged as a leading international relief organization with operations in 29 countries, a staff of 2,000 and an annual operating budget in excess of $125 million.