Menu Roger F. Murray Prize The Roger F. Murray Prize is conducted annually to recognize excellence and scientific achievement in quantitative financial research. Each year, three prizes ($5,000; $3,000; and $2,000) are awarded to individuals who present outstanding research at the Q Group’s seminars. Criteria for the award include originality and novelty of ideas and concepts, usefulness and timeliness of the results to the investment community, and comprehensibility of verbal and written presentations. 2019 Winners View Past Winners About Roger Murray Roger F. Murray was an economist whose financial acumen made him a frequent adviser to members of Congress and business leaders during the 1950’s and 60’s. As a vice president of the Bankers Trust Company and later a business professor at Columbia University, Dr. Murray helped untangle some of America’s most frustrating problems. In 1962, Dr. Murray, an originator of the individual retirement account concept, worked for passage of the Keogh Act, which enabled self-employed people to have tax-deferred pension accounts. Many of Mr. Murray’s other opinions were particularly forward thinking. In 1952, he warned banks to pursue aggressive equity portfolios, noting that “timing wasn’t everything” when trading stocks. That same year, he opposed a plan by Senator Albert Gore of Tennessee, to tax executive stock options, contending that salaries were not enough to lure executives away from established companies. At Bankers Trust, Mr. Murray quickly found his specialty in investment strategy and, in 1956, carried that specialty to Columbia University, where he was associate dean, S. Sloan Colt Professor of Banking and Finance, professor emeritus and distinguished lecturer. He retired from Columbia in 1978. Roger Franklin Murray was born Oct. 11, 1911 and graduated Phi Beta Kappa from Yale in 1932. He then earned M.B.A. and Ph.D. degrees from the New York University Graduate School of Business Administration. Murray died on April 13, 1998 at 86 years old.” JOIN THE Q GROUP CALL FOR WORKING PAPERS FALL 2021 SEMINAR

Menu Membership Membership in the Q Group is open to organizations whose business includes the development, analysis or utilization of quantitative research in financial services. The Q Group members reflect the full diversity of the industry and includes commercial and investment banks, investment advisors, insurance companies, brokerage firms, mutual fund companies, alternative investment organizations, consulting firms, endowments, foundations and public and private pension funds. Any organization that adheres to a philosophy grounded in the use of innovative applications in the investment decision process would find great benefits from membership in the Q Group. Benefits Conference attendance at semi-annual seminars Access to the leading edge of innovative methods and solutions Opportunity to interact with colleagues who may be confronting issues similar to yours Participation in spirited discussions of common issues in investment management in a peer group environment. JOIN THE Q GROUP CALL FOR WORKING PAPERS FALL 2021 SEMINAR