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Commonfund Institute  

The Commonfund Prize

Since 1996, the Commonfund Institute has awarded a cash prize for original research on endowment and foundation management. 

The Commonfund prize was awarded in March 2015 to authors Tim Jenkinson, University of Oxford - Said Business School; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI); Howard Jones, University of Oxford - Said Business School and Jose Vicente Martinez, University of Connecticut for their paper, "Picking Winners? Investment Consultants' Recommendations of Fund Managers." The prize is currently administered by the Newton Centre for Endowment Asset Management at the Cambridge Judge Business School.

Past winners have included:

Thomas Gilbert, University of Washington - Department of Finance and Business Economics and Christopher M. Hrdlicka, University of Washington - Michael G. Foster School of Business for "Why are University Endowments Large & Risky?"  (2013)

Adair Morse, Booth School of Business, The University of Chicago, for "Activist Investors and Performance in Venture Capital and Private Equity Funds" (2012)

Bart Diris, Erasmus University Rotterdam, for "Model Uncertainty for Long-term Investors" (2011)

Stephen G. Dimmock, Nanyang Technological, and William Gerken, Auburn University, for “Finding Bernie Madoff: Detecting Fraud by Investment Managers” (2010) 

"Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation" (2009)

Stephen G. Dimmock, Michigan State University,  for "Portfolio Choice, Background Risk, and University Endowment Funds" (2008)

"Investing in Hedge Funds when Returns are Predictable"(2007)

Harrison Hong, Princeton University and Marcin Kacperczyk, University of British Columbia, for “The Price of Sin: The Effects of Social Norms on Markets” (2006)

"Performance of Private Equity Funds" (2005)"

Robert J. Shiller, Yale University, for Irrational Exuberance (2000)

Philip H. Dybvig, Washington University, for research on asset allocation and spending rules for educational endowments (1996)


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