Institutional Investor’s Edward Chancellor Wins George Polk Award for Financial Reporting
Edward Chancellor, for his February 2007 Institutional Investor article “Ponzi Nation,” has won a George Polk Award, one of the most prestigious prizes in journalism. The award is for financial reporting, one of 14 categories in the program administered by Long Island University.
In its announcement, the university notes that in “Ponzi Nation,” Chancellor “warned months before the market decline that excessive risk-taking and interconnected investments – fueled by subprime mortgages and the activities of lightly regulated hedge funds – could cause calamity for world economies.”
Chancellor, author of Devil Take the Hindmost, a history of financial speculation, and a senior member of GMO’s asset allocation team, writes the monthly Inefficient Markets column in Institutional Investor. He is the first II writer to win a Polk Award, which is named for a CBS correspondent who was slain while covering the civil war in Greece in 1948. Long Island University faculty members and alumni select the winners from entries submitted by independent journalists, news organizations and a panel of media professionals that includes former Polk Award winners.
Read the award-winning article
Read the September follow-up article, “The Ponzi Nation Topples”
See Edward Chancellor's "Inefficient Markets" columns To see the full contents of the press release listing all winners, click here
