This was in recognition of his academic work on real estate derivatives which he conducted jointly with Professors Frank Fabozzi and Robert Shiller from Yale School of Management.
The prize, worth 1000 euros, was presented at the tenth conference at WHU Otto Beisheim School of Management in Vallendar, Germany. The paper was selected from approximately 50 other academic submissions which ranged in subject from alternative investments, derivatives, stock markets, to credit risk securitisation, banking, corporate finance and asset pricing.
Cass Business School (http://www.cass.city.ac.uk) lecturer Dr Tunaru’s paper, ‘Pricing Models for Real-Estate Derivatives’
Dr Tunaru commented: "It is great to get international appreciation of my work, this felt like winning the World Cup in Germany with the hosts as finalists. Moreover, the runner-up paper was co-authored by Anthony Saunders from the Stern School of Business and it is always good to compete on this level and my reward was also seeing Professor John Nash Jr, a winner of the Nobel Prize. I highly recommend this conference to all researchers in finance."
Photo:
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