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News from PRINCETON UNIVERSITY For immediate release: May 4, 2001 Contact: Marilyn Marks (609) 258-5748, mmarks@princeton.edu Princeton dedicates Bendheim Center for FinancePrinceton, N.J. -- Princeton University today dedicated the Bendheim Center for Finance, which was established in 1997 as an international resource for teaching and scholarship in the increasingly important field of finance. University President Harold T. Shapiro *64 spoke at the dedication, along with Robert Bendheim '37 and the center's director, Professor Yacine Ait-Sahalia. The Bendheim Center's mission is to enhance undergraduate and graduate education in finance, to advance scholarship in the field, and to create a major venue where leading experts in finance -- from academia, government, and the private sector -- can meet regularly to exchange views and information. It was established through a gift from the Leon Lowenstein Foundation in honor of its president, Robert Bendheim, a member of Princeton's Class of 1937 and a longtime Princeton supporter. Bendheim, a prominent figure in business and civic affairs, joined M. Lowenstein Corporation, a textile manufacturing firm, after graduating from Princeton with a degree in economics. In 1964 he became Lowenstein's president and CEO, and after his retirement in 1986 he became president of the Leon Lowenstein Foundation, which provides funding for medical research and for New York City public schools and youth programs. Bendheim has supported a wide range of projects at Princeton, including the Seeley G. Mudd Manuscript Library and the Lewis Thomas Laboratory for molecular biology. In 1992 he established the Lynn Bendheim Thoman, Class of 1977, and Robert Bendheim, Class of 1937, Professorship in Economics, held by Professor Alan B. Krueger. Through the Lowenstein Foundation, he contributed the major funding for Bendheim Hall, and has supported many of the projects of the Center for International Studies, which it houses. The foundation also established the Bendheim-Thoman Center for Child Wellbeing. The Bendheim Center for Finance offers undergraduate courses in key aspects of economic policy, such as asset pricing, corporate finance and international movements of capital. A new undergraduate Certificate Program in Finance aims to provide an in-depth understanding of finance, especially as it relates to other branches of economics and to such fields as engineering, politics, and mathematics. The center also offers a Master in Finance program that provides training in both quantitative methods and economic theory, designed to prepare students for a wide range of careers both within and outside the financial industry. The Bendheim Center is housed in the former Dial Lodge on Prospect Avenue, originally built in 1917. An extensive renovation of the building, supported by an additional gift from the Lowenstein Foundation and overseen by the architectural firm of Michael Landau and Associates, maintains its Tudor Gothic stone exterior while transforming its interior to support cutting-edge teaching and research. It includes a state-of-the-art classroom, private carrels for graduate students with fully equipped computer workstations, a lounge and reading area, and faculty and staff offices. It is located near Fisher Hall, home of the Department of Economics; Bendheim Hall, which houses the Center of International Studies; Corwin Hall, site of the Department of Politics; the new Wallace Hall for the Social Sciences; and the Woodrow Wilson School of Public and International Affairs. The center's location at the crossroads of so many areas of study is ideally suited to its multidisciplinary nature.
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