Faculty Directory | Menachem Brenner

Menachem Brenner is Professor of Finance (Emeritus) at the Leonard N. Stern School of Business at New York University. Dr. Brenner holds M.A. and Ph.D. degrees in finance and economics from Cornell University and a B.A. degree in economics from the Hebrew University.

He has written more than 60 scholarly articles in diverse areas in finance and economics. His articles appeared in leading journal. His most recent work deals with ambiguity, volatility, inside information and derivative markets. Prof. Brenner has served as an associate editor and referee to finance and economic journals. He was a founding Editor of the Review of Derivatives Research.

In 1986, he co-invented (with Prof. Dan Galai) the volatility index based on the prices of traded index options (the predecessor to VIX) and introduced the idea of volatility derivatives, an idea implemented 20 years later.

Professor Brenner served as a consultant to leading Exchanges and Financial institutions; the NYSE, American Stock Exchange, Athens Derivatives Exchange, SOFFEX, Bombay Stock Exc, Tel-Aviv Stock Exc, Bank of Israel, Israel Securities Authority. and Others.

He was also a floor trader in futures and options on the NYFE and the NYSE. He has taught in many executive programs for major financial institutions (e.g., JP Morgan, Deutsche Bank, Smith Barney, Yamaichi Securities, Garantia, Swiss Bank Corp., Credit Swiss).

Prof. Brenner was a member of the board of directors of the Tel-Aviv Stock Exchange and the chairman of the New Products committee. He was a member of the advisory panel on Emerging Markets Investable Indices at the International Finance Corporation.

His other passion is endurance races like; The NY marathon, The Zurich Ironman, Israman (1/2), the SOS endurance race, the Mt. Mitchell bike ride, and the Empire State Run up.

NEWSPAPER REFERENCES TO MY RESEARCH:

“Wall Street’s Volatility Pioneer Searches for Latest Fear Trade” WSJ, March 10, 2017

“Volatility Is Low But Ambiguity Is Sky High” WSJ, December 11, 2017

“An abridged, illustrated history of volatility” Financial Times, Feb 28, 2018