Thaler's Funds Are a Rational Home for His $1 Million Nobel Prize

(Bloomberg Markets) - Richard H. Thaler has said he’d do something irrational with the roughly $1 million he gets as this year’s winner of the Nobel prize for economics. If he changes his mind, the University of Chicago professor, whose research showing that humans act irrationally goes against conventional economic thinking, could put the money in one of the outperforming funds at Fuller & Thaler Asset Management, where he is a principal.

Fuller & Thaler sub-advises the $6 billion Undiscovered Managers Behavioral Value Fund, which focuses on small-cap companies with significant buying by insiders or share buybacks. The San Mateo, California-based firm also runs the $240 million Fuller & Thaler Behavioral Small-Cap Equity Fund.

Source: Bloomberg, Suzanne Woolley

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