Smith Breeden Prize to CEU Faculty Member

Peter Kondor, Assistant Professor, Department of Economics, Central European University (CEU) was awarded the Smith Breeden Prize in Atlanta at the annual meeting of the American Finance Association in January 2010. One of the most prestigious prizes in the field of finance given for the best article published in 2009 in The Journal of Finance, the leading financial journal, the Smith Breeden Prizes are awarded annually for the top three papers in any area other than corporate finance. The winning papers are chosen by the Associate Editors of The Journal of Finance. The papers eligible for the prizes for a given year are all those that appeared in the first five issues of the given year and in the December issue from the previous year.

Peter Kondor, who is also a CEU Alumnus, receiving an MA with a distinction in Economics in 2002, is the winner of the First Prize for the Best Paper in asset pricing entitled “Risk in Dynamic Arbitrage: The Price Effects of Convergence Trading” (Journal of Finance, 64(2), April 2009, 638-658). Two other papers had also been awarded with the “Distinguished Paper” title. For further information about the Smith Breeden Prizes, please visit:

The Journal of Finance publishes leading research across all the major fields of financial research. It is one of the most widely cited academic journals on finance and also one of the most widely cited journals in all of economics. Each issue reaches over 8,000 academics, finance professionals, libraries, government and financial institutions around the world. Published six times a year, the journal is the official publication of The American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics.

Peter Kondor studies asset pricing with frictions, information and learning and delegated portfolio management. He was an assistant professor of finance at the University of Chicago before joining the CEU. In addition to his Master's degree in economics from Central European University in 2002, he also earned a PhD in finance from the London School of Economics in 2006. During his studies, he won the EU-Archimedes Prize in 2002 and the GAM award in 2005. For more information, please visit: