The Rothschild family and the State of Israel established the Caesarea Edmond Benjamin De Rothschild Foundation in 1962. The foundation, which is jointly owned by Baron Edmond de Rothschild and the Israeli government, works to realize Baron Rothschild’s philanthropic vision by supporting higher education facilities in Israel. In addition, it contributes to cultural institutions and provides assistance to those in need.
About the Center
- The Rothschild Caesarea Center for Capital Markets and Risk Management was established at Interdisciplinary Center (IDC) Herzliya (Reichman University) in January 2001 thanks to a contribution from the Rothschild Caesarea Foundation.
- The Rothschild Caesarea Center strives to advance research and knowledge regarding capital markets and financial risk management in the Israeli capital market.
- The development and application of the model and indexes are an important step in the efforts to improve the Israeli capital market. The model can increase the transparency of institutions’ investment activities and raise consumer awareness regarding the extent of the risk which public savings face.
- The Rothschild Caesarea Center and the Capital Markets, Insurance and Savings Division of the Israeli Ministry of Finance teamed up to develop a model and a set of indexes to assess the risk and performance of money that is invested by institutional investors on behalf of pension funds, provident funds and other long-term investors.
- These indexes can influence the quality and methods of operation of the Israeli capital market:They serve a number of purposes, including: Providing a measurement tool that allows beneficiaries to compare the risk of investing with their asset managers to the risk of doing so through other managers | Providing asset managers of such organizations with a measurement tools | Providing regulators with an oversight tool.
- Rothschild Caesarea Center Academic Director Prof. Jacob Boudoukh and Prof. Zvi Wiener, of the Hebrew University of Jerusalem, developed the model and indexes. Their final report has been submitted to the Ministry of Finance and translated into Hebrew.