This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

State Street Global Exchange’s Will Kinlaw And David Turkington Honored With Peter L. Bernstein Award

Stocks in this article: STT

Institutional Investor Journals and State Street Corporation (NYSE: STT) announced today that Global Exchange employees Will Kinlaw and David Turkington have been selected as the winners of the 2013 Peter L. Bernstein Award for their article, “Liquidity and Portfolio Choice: A Unified Approach.” The article was co-authored with Mark Kritzman, chief executive officer of Windham Capital Management and founding partner of State Street Associates, and appeared in the Winter 2013 issue of The Journal of Portfolio Management, published by Institutional Investor Journals.

The article illustrates how managers can employ simulation techniques to quantify how much their unique portfolios benefit from liquidity or suffer from illiquidity. It also shows how they can use this information to construct portfolios that take liquidity considerations into account. The winning paper was chosen through a blind review process by an independent committee that included Gary Gastineau (ETF Consultants), William Goetzmann (Yale School of Management) and Ronald Kahn (BlackRock).

“Will Kinlaw, David Turkington and Mark Kritzman take on the daunting task of integrating liquidity into the portfolio construction problem, in a fashion that recognizes the need for a theoretically strong foundation, analytic tractability, and a practical, practitioner-friendly framework,” said Robert Arnott, chairman and chief executive officer of Research Affiliates.

“We’re so excited for Will and Dave and honored to have them recognized by Institutional Investor Journals,” said Jessica Donohue, head of research and advisory services, State Street Global Exchange. “Their insight and expertise on addressing liquidity with clarity helps our clients manage their portfolios with precision.”

The award is named for Peter L. Bernstein, the celebrated economic historian, consultant, and founding editor of The Journal of Portfolio Management. The Peter L. Bernstein Award honors extraordinary and compelling research published in any of Institutional Investor’s market-leading journals over the past year.

Institutional Investor Journals will present the winners with a $5,000 award provided by Research Affiliates, LLC.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs