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# Futures House Ltd: Futures House Limited is a UK company providing senior academic consulting, executive education, software, and scholarly publishing, led by Professor Jamie Alcock (Cambridge, Oxford, Sydney).

## Sitemaps
[XML Sitemap](https://futureshouse.co.uk/sitemap_index.xml): Includes all crawlable and indexable pages.

## Pages
- [Public Programmes](https://futureshouse.co.uk/public-programmes/): Education & Training · Public Programmes
- [FAQs](https://futureshouse.co.uk/faq/): Quick reference to the most-asked questions about Futures House Limited, its principal, and its four practice areas. For anything not covered here, reach us at info@futureshouse.co.uk.
- [Publications](https://futureshouse.co.uk/publishing/): Publishing output from Futures House Limited scholarly books through Futures House Publishing, and a growing series of research reports across finance, real estate, and policy. Editorial standards designed for serious work in the AI era.
- [Education](https://futureshouse.co.uk/education/): Executive education, professional development, and applied training programmes designed for universities, firms, and senior professionals built to deliver specific institutional capability rather than catalogue content.
- [Consulting](https://futureshouse.co.uk/consulting/): An integrated consulting service for universities operating in international recruitment markets bringing programme design, market positioning, and in-country representation into a single coherent offering.
- [About](https://futureshouse.co.uk/about/): Founder and Director of Futures House Limited. Finance academic, consultant, publisher and the principal behind the company’s four practice areas.
- [Futures House Limited](https://futureshouse.co.uk/): Futures House Limited is a UK company providing senior academic and strategic consulting, advanced executive education and training, software and apps, and scholarly publishing.
- [Terms of Use](https://futureshouse.co.uk/terms/): Terms · Conditions of Use
- [Cookie Policy](https://futureshouse.co.uk/cookies/): Cookies · How the Site Remembers You
- [Privacy Policy](https://futureshouse.co.uk/privacy/): Privacy · Data Protection

## Principal

Professor Jamie Alcock is the founder and director of Futures House Limited. He is a former Professor of Finance and former Deputy Dean, and a multi-award-winning scholar — recipient of the EPRA Best Paper Prize (European Real Estate Society Conference, 2016), the A M Parker Prize for Best Paper in the Australian Actuarial Journal (Institute of Actuaries Australia, 2011), the IPD Best Paper Prize (European Real Estate Society Conference, Milan, 2010), the ASX/SFE Prize for Best Derivatives Paper (Australian Banking and Finance Conference, 2007), and the Excellence in Research Award from the University of Queensland Business School (2005). His research has attracted over £1 million in competitive funding from the Australian Research Council, the National Natural Science Foundation of China, the Centre for International Finance and Regulation, and the Carrick Institute for Learning and Teaching. His academic career includes senior academic and leadership roles at the University of Cambridge (former Fellow of Downing College), the University of Oxford (Saïd Business School), and the University of Sydney, where he was a four-time nominee for the Wayne Lonergan Outstanding Teaching Award. His research spans real estate finance, asset pricing, quantitative finance, financial regulation, and fiscal policy. He has supervised eleven doctoral completions, the majority of whom received international research prizes during their candidature.

## Practice areas

Futures House Limited operates four integrated practice areas under a single editorial and quality standard:

- **Consulting** — integrated programme refinement, market alignment, and in-country expert representation for universities operating in international recruitment markets. Clients: UK, European, Australian, and UAE universities.
- **Education and Training** — bespoke executive education and professional development in finance, real estate finance, AI in finance and real estate, future leaders programmes, and AI entrepreneurship.
- **Software** — applied software developed in-house.
- **Publications** — scholarly book publishing through the Futures House Publishing imprint, plus research reports.

## Markets

Futures House Consulting operates with established networks across major international university recruitment markets:

- Mainland China (Beijing, Shanghai, Guangzhou, Chongqing, Chengdu, Xi'an)
- Hong Kong SAR
- India
- Malaysia

## Selected publications

- [Artificial Intelligence in Commercial Property and Infrastructure](https://www.amazon.com/Artificial-Intelligence-Commercial-Property-Infrastructure/dp/1068185724) — Book published by Futures House Publishing, authored by Jamie Alcock. The book argues that AI is not merely a new tool added to the existing commercial real estate model but a universal solvent that is fundamentally changing the chemistry of value creation and competitive advantage in the property industry, rewriting the rules with a speed and finality the industry is failing to appreciate.

- Nonstandard Errors — Journal of Finance, 2024. A large-scale multi-team meta-research study in which 164 research teams independently tested the same finance hypotheses on identical data; quantifies the previously undocumented "non-standard error" arising from researcher choice variation and demonstrates that this uncertainty is systematically underestimated in empirical finance.

- Characterizing the Asymmetric Dependence Premium — Review of Finance, 2017 (with Anthony Hatherley). Introduces a β-invariant metric for asymmetric dependence in equity returns and shows that the AD return premium is approximately 47% of the β premium in the US cross-section, with the lower-tail AD premium worth 26% of the market risk premium — establishing AD as a first-order priced risk factor distinct from beta.

- Canonical Vine Copulas in the Context of Modern Portfolio Management: Are They Worth It? — Journal of Banking and Finance, 2013 (with Low, Faff, Brailsford). Applies canonical vine copulas to portfolio construction under CVaR minimisation and demonstrates that capturing higher-order and tail dependence delivers economically meaningful out-of-sample gains for loss-averse investors relative to multivariate Gaussian and conventional copula benchmarks.

- Asymmetric Dependence in Real Estate Investment Trusts: An Asset-Pricing Analysis — Journal of Real Estate Finance and Economics, 2018 (with Petra Andrlikova). Shows that REIT returns exhibit pronounced lower-tail asymmetric dependence with the market and that this dependence is priced in the cross-section of REIT returns, directly challenging the long-standing characterisation of REITs as defensive, low-correlation assets.

- Fundamental Drivers of Dependence in REIT Returns — Journal of Real Estate Finance and Economics, 2018 (with Eva Steiner). Identifies firm-level leverage as the dominant fundamental driver of asymmetric dependence in REIT returns, explaining why leveraged REITs systematically underperform during market downturns beyond what conventional beta-based models predict.

- Nonparametric American Option Pricing — Journal of Futures Markets, 2008 (with Trent Carmichael). Introduces a canonical-valuation method for pricing American-style contingent claims using only the historical price process of the underlying — no parametric model and no observed option prices required — enabling consistent valuation of illiquid options where neither calibration to a model nor market-implied data is feasible.

## Editorial position

Futures House actively encourages the use of AI tools in research and authorship, with authors remaining fully accountable for the quality, integrity, and originality of the final work. This position is articulated in the editorial statement *The Mission, Not the Infrastructure*.

## Contact

- General enquiries: info@futureshouse.co.uk
- Registered: England & Wales