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The U.S treasury secretary has tapped Andrew Golden, president of the Princeton University Investment Co. (PRINCO), to serve on a new committee that will offer proposals for best practices for investors to enhance market integrity.
As a member of the Investors’ Committee of the President’s Working Group on Financial Markets, Golden will serve a three-year term — subject to reappointment — to develop detailed guidelines for investors in private pools of capital. The 12-member committee will facilitate and foster continuing dialogue between investors and members of the President’s Working Group on issues related to due diligence, risk management and regulatory safeguards for investor protection. The working group is chaired by the treasury secretary and is composed of the chairs of the Federal Reserve Board, Securities and Exchange Commission and Commodity Futures Trading Commission.
“It is a privilege to spend time in the nation’s service, contributing what I can to efforts to assure healthy and fair private investment markets,” Golden said, referring to the University’s unofficial motto of “Princeton in the nation’s service and in the service of all nations.”
Princeton electrical engineer Mung Chiang has been named one of the world’s top 35 innovators under the age of 35 by Technology Review magazine.
The magazine gives its TR35 awards annually to “young innovators for accomplishments that are poised to have a dramatic impact on the world as we know it.” Chiang, an assistant professor, was honored for his work to optimize broadband access networks and the Internet.
In collaboration with colleagues in industry and academia, Chiang and his research group have developed ways to double the transmission rates of the digital subscriber line (DSL) system and greatly increase the quality of wireless cellular service. Additionally, his work has implications for enhancing the efficiency of Internet traffic routing and enabling service providers to plan cost-effective, multi-year rollouts of large networks.
Many of Chiang’s ideas are now being deployed by major companies, including AT&T, Qualcomm Flarion Technologies, Alcatel-Lucent and Marvell Semiconductors.
A University faculty member since 2003, Chiang was named the recipient of an Office of Naval Research Young Investigator Program award earlier this year and chosen by the Mathematical Programming Society as one of the top three young researchers in continuous optimization from 2004 to 2007. His other previous honors include a National Science Foundation CAREER Award and the University’s Howard B. Wentz Junior Faculty Award.
