Gruber, Martin J. Nomura Professor of Finance Joined Stern 1965 Phone: (212) 998-0333 Fax : (212) 995-4223 Email: mgruber@stern.nyu.edu Office: 9-91 K-MEC 44 West 4th Street Suite 9-190 New York, NY 10012-1126

Education

• PhD Finance & Economics Columbia 1965
• MBA Production Management Columbia 1961
• SB Chemical Engineering M.I.T. 1959

• Advanced Portfolio Management
• Investment Philosophies
• PhD Seminar in Investments

• Portfolio Construction and Analysis
• General Equilibrium Theory
• Expectations and Their Role in Security Price Formation
• Analysis of Debt Prices
• Cost of Capital
• Future Markets

• "Do Investors Care About Sentiments" Journal of Business, 1998.
• "Survivorship Bias and Mutual Fund Performance," The Review of Financial Studies, Winter 1996.
• "Another Puzzle: The Growth in Actively Managed Mutual Funds," Journal of Finance, July 1996.
• "The Persistence of Risk-Adjusted Mutual Fund Performance," Journal of Business, April 1996. Modern Porfolio Theory and Investment Analysis, 1995.

• "Portfolio Theory and Asset Pricing", 1999.
• "Security Prices and Performance", 1999.
• "Modern Portfolio Theory and Investment Analysis", 1995.

• Trustee TIAA
• Member of Board of Directors of: Bankers Trust Mutual Funds
• Cowen and Company Mutual Funds
• The Japan Equity Fund, Inc.
• The Taiwan Equity Fund, Inc.