Section G: Trust Funds Permanent Capital
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The David Crighton Lecture Professor Frank Kelly CBE FRS Thursday 12 May 2016 at 6.15 P.M
The David Crighton Lecture Professor Frank Kelly CBE FRS Thursday 12 May 2016 at 6.15 p.m. followed by a reception at The Royal Society, Carlton House Terrace, London, SW1Y 5AG Registration will open at 5.45 p.m. Mathematics and Financial Markets Abstract: A substantial proportion of mathematics graduates, at both first degree and doctoral level, enter the financial services sector. This is hardly surprising given the importance of the sector to the economy, and the role of mathematical modelling in the valuation of instruments and the assessment of risk. What is striking is that, with some notable exceptions, few mathematicians have been actively engaged in the design of financial markets. This is undoubtedly a serious challenge with parallels from other large-scale complex networks: to design a distributed system, linking self-interested and intelligent agents, so that the outcome is effective and efficient. How would an ideal market operate, to allow liquidity between long-term investors to be provided by short- term traders? In the second part of the talk I outline some preliminary work, joint with Elena Yudovina, on this question. I describe a simplified and analytically tractable model of a limit order book where the dynamics are driven by stochastic fluctuations between supply and demand. The model has a natural interpretation for a highly traded market on short time scales where there is a separation between the time scale of trading, represented in the model, and a longer time scale on which fundamentals change. There has been considerable discussion recently of the effects of competition between multiple high- frequency traders, and of proposals aimed to slow down markets. -
November, 2019 1 Petia M. Vlahovska Department of Engineering
November, 2019 Petia M. Vlahovska Department of Engineering Sciences and Applied Mathematics McCormick School of Engineering and Applied Science Northwestern University 2145 Sheridan Road Evanston, IL 60208, USA email: [email protected] web: http://people.esam.northwestern.edu/~vlahovska Tel. /office/ +1 (847) 491-8782 Research Interests: fluid-structure interaction in Stokes flow, interfacial flows, electrohydrodynamics, active fluids, soft matter, rheology, mechanics of biomembranes. 1 Education 8/03 Ph.D. Chemical Engineering, Yale University. Thesis: “Dynamics of a surfactant-covered drop and the non-Newtonian rheology of emulsions” Advisors: Prof. Michael Loewenberg and Prof. Jerzy Blawzdziewicz 2001 M.Phil. Mechanical Engineering, Yale University 1999 M.S. Chemical Engineering, Yale University 6/96 M.Sc. Post-graduate program in “Separation processes in the industry and environmental protection” Laboratory of Chemical Physics and Engineering (renamed to Department of Chemical Engineering), University of Sofia “St. Kliment Ohridski”, Bulgaria Thesis: “Modeling the drying of solvent coatings on continuous webs” Advisors: Dr. Richard Aust and Prof. Franz Durst (LSTM, University of Erlangen, Germany), Prof. Krassimir Danov (University of Sofia, Bulgaria) 6/94 M.Sc. Chemistry, University of Sofia “St. Kliment Ohridski” (Bulgaria) Concentration: chemical physics and theoretical chemistry Thesis: “Diffusion-controlled adsorption kinetics in micellar surfactant solutions” Advisor: Prof. Krassimir Danov 2 Professional appointments -
Curriculum Vitae: Marc Andre Hesse 2202 W
CURRICULUM VITAE:MARC ANDRE HESSE 2202 W North Loop Blvd. Phone: (512) 471-0768 Apt. # 240 Fax: (512) 232-1913 Austin, TX 78756 email: [email protected] U.S.A. [email protected] web: http://www.jsg.utexas.edu/hesse PROFESSIONAL APPOINTMENTS 2016 – current Associate professor of Geological Sciences, University of Texas at Austin 2009 – 2016 Assistant professor of Geological Sciences, University of Texas at Austin 2008 – 2009 Postdoctoral scholar in Geological Sciences, Brown University 2006 & 2007 Reservoir simulation research team, Chevron Energy Technology Company 1999 Summer intern, Hawaii Scientific Drilling Project PROFESSIONAL PREPARATION 2009 Postdoc Geological Sciences Brown University Advisors: Y. Liang & E. M. Parmentier Topic: Multiscale modeling of the physics and chemistry of melting and melt migration. 2008 Ph.D. Petroleum Engineering Stanford University Advisors: H. Tchelepi & F. M. Orr Jr. Thesis: Mathematical modeling and multiscale simulation of CO2 storage in saline aquifers. 2003 M.Phil. Fluid Flow University of Cambridge Advisor: J. Lie Thesis: Numerical simulation of axis-symmetric rising bubbles. 2002 M.S. Oceanography M.I.T. - W.H.O.I. Joint Program Advisors: T. Grove & N. Shimizu Thesis: Absarokites from Western Mexico: Constraints on mantle wedge conditions. 2000 Hon. BSc Geology University of Edinburgh Advisor: G. Graham Thesis: Metamorphic rocks of the southern Tayvallich peninsula. 1998 Vordiplom Geologie Technische Universitat¨ Munchen¨ HONOURS AND AWARDS 2015 Outstanding Research Award Jackson School of Geosciences SSD Appreciation Award UT Services for Students with Disabilities 2014 US Junior Oberwolfach Fellowship National Science Foundation 2013 Editors Citation for Excellence in Refereeing Geophysical Research Letters Junior Scientist Prize Society of Industrial and Applied Mathematics Activity Group on Geosciences G. -
Amartya Sen - Great Indian Economist
ISSN No. : 2394-0344 REMARKING : VOL-1 * ISSUE-7*December-2014 Amartya Sen - Great Indian Economist Abstract Success lives in human mind. India is country in which 125 Crores People live and when we read history, it is full of great man. When the Indian History rewritten, the name of great economist Amartya sen will be always be there. There is hardly any person in the world who can fully analyze the work of this economist, yet I have done a little try to know about his life and some of his well known works. This paper is an attempt to describe some of key-facts about Amartya sen. Keywords: Country, Empowerment, Democracy Introduction Amartya sen is an Indian economist and a Nobel Leureate. Sen was born in Shantiniketan, West Bengal, India to Ashutosh Sen and his wife Amita, 3 November, 1933. Sen‟s family was originally from Wari, Dhaka in present- day Bangladesh. His father Ashutosh Sen was a Professor of Chemistry at Dhaka University who moved with his family to West Bengal during the Partition of India and become chairman of the West Bengal public service commission. A. Sen began his high school education at st. Gregory‟s school in Dhaka in 1941. After moved he studied at Visva- Bharti University school and then Presidency College, Kolkata, where he earned a first class first in his B.A. in economics. The same year 1953, he moved to Trinity College, Cambridge, where he earned a first class M.A. in 1956. After Sen completed his Tripos examination and enrolled for PH.D in economics Trinity College, Cambridge. -
William Brian Reddaway 1913–2002
BRIAN REDDAWAY William Brian Reddaway 1913–2002 I PROFESSOR W. B. R EDDAWAY, invariably known to friends and colleagues as Brian Reddaway, was an exceptional economist who had a huge influ- ence on how economics in Cambridge has been taught and researched. He held leadership positions in the Faculty of Economics and Politics at Cambridge for twenty-five years, between 1955 and 1980. For nearly the first fifteen years he was Director of the Department of Applied Economics (DAE), succeeding Sir Richard Stone, the founding Director. The DAE was established after the Second World War on the initiative of J. M. Keynes. It was set up as the research arm of the Faculty of Economics and Politics, providing facilities for teaching staff to carry out applied economic and social investigations. In 1969, almost at the end of his tenure as DAE Director, Reddaway was elected to succeed James Meade in the Chair of Political Economy, the senior chair in economics in Cambridge. Reddaway held this chair until 1980, when he formally retired. He continued his association with the Faculty for many years after this, doing occasional lecture courses, or one-off lectures: he posi- tively loved lecturing on applied economic subjects and helping younger colleagues with their research. As is the custom in Cambridge’s collegiate university structure, in addi- tion to his successive university posts in the Faculty, which began in 1939 on his appointment as University Lecturer, he held a Fellowship at Clare College for sixty-four years (1938 to 2002). He took a very active part in college life, including college teaching and helping to manage the college’s Proceedings of the British Academy, 138, 285–306. -
Issue 3, September 2015
Econ Journal Watch Scholarly Comments on Academic Economics Volume 12, Issue 3, September 2015 COMMENTS Education Premiums in Cambodia: Dummy Variables Revisited and Recent Data John Humphreys 339–345 CHARACTER ISSUES Why Weren’t Left Economists More Opposed and More Vocal on the Export- Import Bank? Veronique de Rugy, Ryan Daza, and Daniel B. Klein 346–359 Ideology Über Alles? Economics Bloggers on Uber, Lyft, and Other Transportation Network Companies Jeremy Horpedahl 360–374 SYMPOSIUM CLASSICAL LIBERALISM IN ECON, BY COUNTRY (PART II) Venezuela: Without Liberals, There Is No Liberalism Hugo J. Faria and Leonor Filardo 375–399 Classical Liberalism and Modern Political Economy in Denmark Peter Kurrild-Klitgaard 400–431 Liberalism in India G. P. Manish, Shruti Rajagopalan, Daniel Sutter, and Lawrence H. White 432–459 Classical Liberalism in Guatemala Andrés Marroquín and Fritz Thomas 460–478 WATCHPAD Of Its Own Accord: Adam Smith on the Export-Import Bank Daniel B. Klein 479–487 Discuss this article at Journaltalk: http://journaltalk.net/articles/5891 ECON JOURNAL WATCH 12(3) September 2015: 339–345 Education Premiums in Cambodia: Dummy Variables Revisited and Recent Data John Humphreys1 LINK TO ABSTRACT In their 2010 Asian Economic Journal paper, Ashish Lall and Chris Sakellariou made a valuable contribution to the understanding of education in Cambodia. Their paper represents the most robust analysis of the Cambodian education premium yet published, reporting premiums for men and women from three different time periods (1997, 2004, 2007), including a series of control variables in their regressions, and using both OLS and IV methodology.2 Following a convention of education economics, Lall and Sakellariou (2010) use a variation of the standard Mincer model (see Heckman et al. -
NEWSLETTER No
NEWSLETTER No. 464 December 2016 ATHENA PRIZE The London Mathematical Society Women in Diversity Conference on 31 October 2016. The Mathematics Committee was presented with medal was presented by Dr Julie Maxton, the inaugural Royal Society Athena Prize (see Executive Director, Royal Society. See page 3 for November LMS Newsletter) at the Royal Society images of the medal. Dr Julie Maxton, Executive Director, Royal Society; Professor John Greenlees, LMS Vice President; Dr Cathy Hobbs; Professor Gwyneth Stallard; Dr Eugenie Hunsicker, Chair, Women in Mathematics Committee SOCIETY MEETINGS AND EVENTS • 16–17 December: Prospects in Mathematics • 5 May 2017: Mary Cartwright Lecture, London Meeting, York page 16 • 1 June 2017: Northern Regional Meeting, York • 20 December: SW & South Wales Regional • 30 June 2017: Graduate Student Meeting, Bath page 15 Meeting, London • 18–22 April 2017: LMS Invited Lectures, Newcastle page 24 • 30 June 2017: Society Meeting, London NEWSLETTER ONLINE: newsletter.lms.ac.uk @LondMathSoc LMS NEWSLETTER http://newsletter.lms.ac.uk Contents No. 464 December 2016 7 18 Calendar of Events 39 British Combinatorial Conference.........21 British Postgraduate Model LMS Items Theory Conference...............................20 Athena Prize............................................1 2 Young Theorists’ Forum..........................21 Caring Supplementary Grants................5 Cecil King Travel Scholarship News 2017 – call for nominations................25 Chern Medal 2018...................................4 Council Diary............................................6 -
The Dundee Directory
^mhtlltx, BMtiMf |)rmte, $ ^d\hkkxf 10 CASTLE 5TKEET, DUNDEE, MANUFACTURES Ledgers, Journals, Day-Books, and all kinds of ACCOUNT-BOOKS, to any pattern, and of the best material and workmanship. Special attention is given to this department, and, as Ruling, Printing, Binding, and Paging, are all done on his Premises, Merchants, Manufacturers, Bankers, and others, can depend upon having their Business Books made with accuracy, despatch, and economy. An excellent assortment of BOOKS in the various departments of Literature always on hand. Any work not in Stock can be pro- cured on the shortest notice. Books, Pamphlets, Bills, Circulars, Prices- Current, and every description of LETTER -PRESS PRINTING, executed with neatness and despatch. Check Books and Cards numbered consecutively by the Paging Machine. \^ Lithographic and Copperplate Printing. PIANOFORTES by the most approved makers. MUSICAL INSTRUMENTS,— viz.: Violins, Flutes, Cornopeans, Con- certinas, Flutinas, Accordions, &c. &c. Bands furnished with every description of Brass and Wood Instruments at the most rea- sonable rates. A Large Stock of Pianoforte and other MUSIC always on hand, and parcels of the newest publications received weekly from London. BOOKBINDING in all its branches. Bibles, Testaments, Prayer-Books, and Church Services, in great variety of plain and elegant bindings. Periodicals and Newspapers regularly supplied, and all the leading Magazines and Serials lent out to read. Customhouse Entries and Forms, Wholesale and Retail. Writing Paper and Envelopes stamped with crest or initials. Stamping Presses furnished, with Devices to any pattern. AGENT FOR Price's Patent FIRE and THIEF-PROOF SAFES, The best and cheapest Safeguards in the World. -
David Crighton Medal – Professor Frank Kelly CBE, FRS
LMS-IMA David Crighton Medal – Professor Frank Kelly CBE, FRS. Short Frank Kelly is awarded the David Crighton Medal of the LMS and IMA for services both to mathematics and to the mathematical community. Medium Frank Kelly is awarded the David Crighton Medal of the London Mathematical Society and the Institute of Mathematics and its Applications for services both to mathematics and to the mathematical community. Kelly’s work on the fundamental properties of communication networks has had direct application to the design of telephone networks and internet protocols. The importance and impact of his work more broadly is reflected in the large number of citations his papers receive, together with the award of international prizes. He is the Head of a Cambridge college, and has chaired groups working to improve children’s experience of mathematics. He has been Chief Scientific Advisor to the Government (Department of Transport) and chaired the Council for the Mathematical Sciences at an important time for the mathematics community. He was elected a Fellow of the Royal Society in 1989 and awarded a CBE in 2013. Long Frank Kelly is awarded the David Crighton Medal of the London Mathematical Society and the Institute of Mathematics and its Applications for services both to mathematics and to the mathematical community. He is a professor at the University of Cambridge and has been Director of the Statistical Laboratory there. He is currently Master of Christ’s College, Cambridge. Kelly has made fundamental contributions to the theory of random processes, networks, control and optimization. One of his main contributions was to show that fairly simple-minded local processes could, when combined in enormous systems, act in such a way as to optimize control and fairness. -
The Psychologist Vol 28 No 4 April 2015
the psychologist vol 28 no 4 april 2015 www.thepsychologist.org.uk What has neuroscience ever done for us? Jonathan Roiser considers the case of mental health letters 254 the exciting side of boredom 278 news 264 seeing through the double blind 288 careers 318 the power of personality 296 reviews 326 looking back: Baddeley on memory 334 Contact The British Psychological Society the psychologist... 48 Princess Road East Leicester LE1 7DR ...features 0116 254 9568 www.bps.org.uk The Psychologist www.thepsychologist.org.uk www.psychapp.co.uk [email protected] What has neuroscience ever done for us? 284 tinyurl.com/thepsychomag Jonathan Roiser (winner of the Society’s Spearman Medal 2013) considers the case of @psychmag mental health Advertising The exciting side of boredom 278 Reach 50,000 psychologists. Our journalist Ella Rhodes speaks to Display Aaron Hinchcliffe psychologists who think boredom has had 020 7880 7661 a bad press [email protected] Recruitment (in print and online at www.psychapp.co.uk) 284 Seeing through the double blind 288 Giorgio Romano 020 7880 7556 A randomised control trial is quality science, [email protected] right? Not necessarily. Lewis Killin and Sergio Della Sala explain (see also ‘interview’) March 2014 issue 52,574 dispatched The power of personality 296 John D. Mayer argues that ‘personal Printed by intelligence’ shapes our lives Warners Midlands plc on 100 per cent recycled New voices: Calling time on Alzheimer’s 300 paper. Please re-use or recycle. Could circadian rhythms be the key? ISSN 0952-8229 Brianne Kent with the latest in our series for first-time authors Cover The Trumpeting Brain ...debates created by Alexander Leemans 278 www.providi-lab.org letters 254 White matter fibre tract pathways making writing readable; legal highs; dyscalculia; shown with different colours and repatriation; autism; and more widths to emphasise the local degree of uncertainty along their trajectories. -
Trinity College Cambridge
trinity college cambridge Annual Record 2008 Trinity College Cambridge annual record 2007‒2008 trinity college cambridge cb2 1tq Telephone: 01223 338400 Fax: 01223 761636 e-mail: [email protected] website: www.trin.cam.ac.uk contents 5 The Master’s Commemoration Speech 11 College Notes 16 Alumni Associations 17 emembrance Day 2007 19 Commemoration of Benefactors 2008 24 Trinity and the Cambridge 800th Anniversary Campaign 26 Benefactions 36 College Clubs 57 Trinity in Camberwell 59 College Livings 61 James Clerk Maxwell Memorial 63 About the Chapel 71 Dr Bentley’s Laboratory 77 The Great Gate 78 Fellows’ Birthdays 99 Appointments and Distinctions 99 College Elections and Appointments 102 Cambridge University Appointments and Distinctions 103 Other Academic Appointments 105 Academic Honours 107 Other Appointments and Distinctions 111 Trinity College:The Master and Fellows 118 Obituary 141 Addresses wanted 3 the master’s commemoration speech The speech made by the Master, Professor Lord ees, at the Commemoration Feast on 14 March 2008 is printed with his kind permission. ommemoration ðay is one of Cour oldest traditions: a Chapel service to remember our founders and benefactors, followed by a dinner. The format of the dinner for Fellows and Scholars hasn’t always been the same; in the austere years before 1951, there was only one guest.The steady custom since then has been to invite about half-a-dozen, but this year there is another step change: we have eighteen guests tonight. This expansion signals a wish to engage more with old members of the College – to congratulate them on their achievements, and acknowledge the generosity that many of them show towards Trinity – and to do this now, rather than waiting until the Chapel service. -
Section J: Trust Funds Permanent Capital Current Accounts
Section J: Trust Funds Permanent capital Current accounts Opening Increase in Opening Surplus of Increase in balance 1 Additional Income value of Closing balance Invested at 31 balance 1 Investment income over Income value of Closing balance Invested at 31 August 2014 capital capitalised investment 31 July 2015 July 2015 August 2014 income Other income Total income Expenditure expenditure capitalised investment 31 July 2015 July 2015 GENERAL Abbott Fund 217,835 – – 23,899 241,734 241,734 – 8,346 – 8,346 (8,346) – – – – – Adams Prize Fund 239,683 – – 26,295 265,978 265,969 386,131 23,190 – 23,190 (14,399) 8,791 – 39,908 434,830 426,560 Alcuin Lecture Fund – – – – – – 33,105 1,184 – 1,184 (3,646) (2,462) – 3,386 34,029 33,931 Archibald Douglas Ross Fund (General Purpose Fund) – – – – – – 107,532 3,763 – 3,763 3,657 7,420 – 10,680 125,632 117,901 Arnold Gerstenberg Fund 433,137 – – 47,517 480,654 480,615 47,643 17,813 – 17,813 (22,297) (4,484) – 3,340 46,499 45,016 Arts & Humanities Fund - Holding Account – – – – – – 101,994 754 – 754 – 754 – 1,258 104,007 103,942 Balfour-Browne Fund 128,627 – – 14,112 142,739 142,739 67,586 7,435 – 7,435 (6,734) 701 – 7,146 75,434 74,814 Barnes Fund 117,665 – – 12,909 130,575 130,575 – 4,508 – 4,508 (4,508) – – – – – Bartle Frere Memorial Fund 166,022 – – 18,215 184,236 184,236 1,521 6,368 – 6,368 (6,100) 268 – – 1,789 1,259 BBV Foundation Fund – – – – – – 25,286 88 – 88 – 88 – – 25,374 25,366 Bell Fund 748,074 – – 82,073 830,147 830,140 479,981 46,940 – 46,940 (44,050) 2,890 – 52,317 535,187 531,301 Broodbank