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
Teaches:
Advanced Portfolio Management
Investment Philosophies
PhD Seminar in Investments
Research Interests:
Portfolio Construction and Analysis
General Equilibrium Theory
Expectations and Their Role in Security Price Formation
Analysis of Debt Prices
Cost of Capital
Future Markets
Publications:
"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.
Books:
"Portfolio Theory and Asset Pricing", 1999.
"Security Prices and Performance", 1999.
"Modern Portfolio Theory and Investment Analysis", 1995.
Corporate Affiliations:
Trustee TIAA
Member of Board of Directors of: Bankers Trust Mutual Funds