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The University of Southampton
Centre for Risk Research

Newmarket Racehorse Trainer and Bloodstock Agent Supports Market Efficiency Project

Published: 3 December 2013

Newmarket racehorse trainer Hugo Palmer, former assistant trainer with Gai Waterhouse, Australia’s leading racehorse trainer, and Robert Speers of Speers Bloodstock Ltd are currently supporting a project in the Centre for Risk Research.

The project explores the factors that are associated with a horse's physiology and performance which may not be fully discounted in horserace betting markets. This is part of project designed to explore the limitations of the Efficient Market Hypothesis. During a recent visit to Hugo Palmer's (left in photo) stables in Newmarket, Professors Johnnie Johnson and Ming-Chien Sung were also introduced to the yard's star performers and were briefed by Hugo and Rob (right in photo) while watching some young horses on the famous Newmarket gallops.

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