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Stephen J. Brown

Stephen J. Brown

Joined Stern 1986

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, KMC 9-89
New York, NY 10012

E-mail sbrown@stern.nyu.edu
Personal website

Biography

Stephen Brown is Emeritus Professor of Finance at New York University Stern School of Business. Professor Brown teaches courses in financial markets, financial economics and investment philosophies in real estate.

Professor Brown has been with NYU Stern since 1986. His primary research areas of interest include hedge funds, mutual funds, Japanese equity markets, empirical finance and asset allocation and investment management. Professor Brown has written numerous articles that have appeared in publications including Journal of Finance, Econometrica, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis and Journal of Business. He is the author of five books, two of which have been translated into Japanese. In addition to his research, Professor Brown has been recognized for his excellence in teaching and received the NYU Stern Excellence in Teaching Award in 2000.

Professor Brown received his Bachelor of Economics from Monash University in Australia and his Master of Business Administration and Doctor of Philosophy in finance from the University of Chicago.

Research Interests

  • Empirical Finance
  • Asset Pricing Theory
  • Performance Measurement
  • Japanese Equity Markets

Courses Taught

  • Financial Theory II
  • Foundations of Financial Markets

Academic Background

Ph.D., Finance, 1976
University of Chicago

M.B.A., Business, 1974
University of Chicago

B.E.C., Economics, 1971
Monash (Australia)

Related News & Research

Professor Stephen Brown's joint research on the link between a hedge fund manager's choice of vehicle and market performance is highlighted

Professor Stephen Brown's joint research on hedge fund managers and auto purchases is featured

Professor Emeritus Stephen Brown's research on hedge funds is referenced

Professor Stephen Brown's research on hedge funds is referenced

Professor Stephen Brown looks at the risks associated with smaller hedge funds

Professor Stephen Brown explains why hedge funds are not ideal for retail investors

Professor Stephen Brown discusses hedge funds as an investment at the Centre for International Finance and Regulation seminar in Sydney, Australia

Professors Stephen Brown discusses investing in hedge funds

Professor Stephen Brown is named executive editor of the Financial Analysts Journal

Prof. Stephen Brown's research on the Dow Theory is featured

Prof. Stephen Brown's comments on Australia's economy at the Centre for International Finance and Regulation Forum are highlighted

Prof. Stephen Brown discusses fee-based financial advice

Prof. Stephen Brown's research on hedge funds is cited

Prof. Stephen Brown's research on hedge fund filings is highlighted

Prof. Stephen Brown advocates for long term investing

Prof. Stephen Brown on why many fund managers didn't anticipate Tesla's high value

Prof. Stephen Brown on possible staff cuts at SAC Capital Adivsors

Prof. Stephen Brown's research on the Dow Theory is featured

Prof. Stephen Brown on selecting a hedge fund

Profs Roy Smith and Stephen Brown on the risks of hedging

Areas of Expertise

Finance

  • Asset Management
  • Derivatives
  • Hedge Funds
  • Mutual Funds/Pensions

Region/Country

  • Japan