Stephen C. Lawrence |
career@stephenlawrence.net
www.stephenlawrence.net |
| Professional Experience |
| 2003
- Present |
STATE STREET ASSOCIATES |
CAMBRIDGE, MA |
Vice President (2007)
Assistant Vice President (2005-2007)
Research Associate (2004-2005)
Research Intern (2003-2004) |
| • |
Researcher / project manager
in the Investor Behavior Research team at State
Street Associates, a group responsible for the
creation of flow-based indicators and research
which leverage State Street's proprietary data. |
| • |
Ongoing Responsibilities:
- Manage paper portfolios of flow-based models.
- Client management for quantitative investors directly employing models.
- Local and international presentations to quant clients.
- Senior member of the flow application team (responsible for the research and development of all client-ready applications of flow-based indicators).
- Management and recruitment of analysts, trainees and interns.
- Management of research technology: design and coordinate implementation of research tools, maintain research knowledgebase and team intranet site.
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Key Accomplishments:
- Co-leader of project to develop flow-based tactical asset allocation model.
- Presenter at State Street Associates annual research retreat.
- Project manager for research into stock-level models.
- Project manager and owner of monthly "FX Menu" quantitative marketing and reporting document.
- Project manager for production implementation of all quantitative trading models.
- Project manager for client-ready spreadsheet implementations of FX models.
- Project manager for SharePoint-based client deliverables workflow tool.
- Assisted in development, design and
testing of all indicators including: Equity Flow Indicator (EFI), Equity
Style Flow Indicator (ESFI), Foreign Exchange Flow Indicator (FXFI) and Sovereign Bond Flow Indicator (SBFI).
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|
| 1999
- 2003 |
BOSTON COLLEGE |
CHESTNUT HILL, MA |
Research Assistant
/ Teaching Staff, Carroll School of Management |
| • |
Taught undergraduate
corporate finance to a class of 25 students |
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|
| Education |
| 1999
- July 2007 |
BOSTON COLLEGE |
CHESTNUT HILL, MA |
| Ph.D. in
Finance, Carroll School of Management |
| 1995
- 1998 |
CAMBRIDGE UNIVERSITY |
CAMBRIDGE, ENGLAND |
| BA, Mathematics,
Churchill College |
|
| Technical Expertise |
| • |
Use of Matlab, PL/SQL, SAS, S-Plus and Stata, to perform complex econometric analysis of large (30Gb+) datasets. |
| • |
Detailed knowledge of MSCI, CRSP, Compustat, CDA/Spectrum, Morningstar Principia, EDGAR and DataStream datasets. |
| • |
Experienced programmer in C/C++, Visual Basic, Pascal and Java. |
| • |
Coordination and management of research workflow through Sharepoint and Microsoft OneNote. |
|
| Community Service |
| Assistant Business Manager, Cape
Cod Church |
| Work Status |
| Dual Citizenship (U.S. and British) |
| Research |
Determinants of Institutional Investor Behavior (2007)
This paper explores the determinants of heterogeneity in institutional investor portfolio preferences and the relationship between institutions and the clients they serve. I find that the characteristics of an institution’s clients and the characteristics of the institution itself are both important determinants of portfolio preferences and trading behavior.
Empirical Evidence on the Existence of Dividend Clienteles (2007)
Coauthored with Professor Hotchkiss, Boston College
This paper provides new evidence on the existence of dividend clienteles for institutional investors. We directly examine individual institutions’ preferences for dividend paying stocks based on the characteristics of stocks held in their portfolio.
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