PanAgora Asset Management provides institutions worldwide with a wide range of investment management services. The firm manages more than $13 billion in assets for pension plans, endowments, foundations, unions and financial service providers throughout the world. PanAgora also implements research-based strategies ranging from alternative investments to actively managed portfolios that combine behavioral insights with fundamental data to pursue consistent patterns of performance. Its investment process includes forecasting returns, risk control and portfolio construction and implementation. The firm also sponsors the Dr. Richard Crowell Memorial Prize Paper Competition, which is designed to provide a forum for new research in quantitative investing that bridges the gap between theory and practice. Established in 1989, PanAgora is in headquartered in Boston.