John Cochrance told me that he wanted to give up his responsibilities
in running the Asset Pricing program. John has done a very good job
in this very active program and I am sorry to lose him
He will of course continue to be a member of that program,

Based on the recommendation of John and others in the AP program, I
asked Monika Piazzesi if she would succeed John. I am happy to
report that she accepted and is off to a running start.

marty

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