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Michael P. Lustig

Michael P. Lustig

Joined Stern 2017

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-150
New York, NY 10012


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Michael Lustig retired after a 25-year career on Wall Street, and now devotes the majority of his time and energies toward non-profit & impact-related enterprises.

Prior to retiring, Michael spent most of his career at BlackRock where he was a Senior Managing Director overseeing Structured Mortgage & Derivative Products trading, and was the portfolio manager overseeing the Federal Reserve's managed assets arising from their activities during the market crisis of 2008-9. He subsequently managed the Cash Collateral accounts for BlackRock’s Securities Lending business.

Michael serves on a number of non-profit Boards and is an impact investor on the Board of GigaWatt Global, a solar energy company that built the first large-scale grid-connected field in East Africa (with more in-process!), as well as maintaining several other corporate Advisory & Board positions. He has also curated a number of exhibits at The Society of Illustrators (the most recent one:

Courses Taught

  • Debt Instruments and Markets (Office Hours: Wednesday 2:00 PM)

Academic Background

B.A., Computer Science, Concentration in Art History, 1986
Columbia University

Awards & Appointments

UJA-Federation of NY Live With Purpose Award 2016
Columbia/Barnard Hillel Seixas Award 2015
CFA Institute Annual Conference Advisory 2015
NY Legal Assistance Group Pro Bono Award 2013

Selected Publications

Investing in Mortgages: Past, Present, and Future
CFA Institute Conference Proceedings Quarterly, December 2010, Vol. 27, No. 4, p.54-66

Using Derivatives to Enhance Returns and Manage Risk
CFA Institute Conference Proceedings Quarterly, June 2007, Vol. 24, No. 2, p.45-56

Areas of Expertise


  • Sustainability


  • Asset Management
  • Derivatives
  • Fixed Income
  • Hedge Funds
  • Mutual Funds/Pensions
  • Proprietary Trading
  • Risk Management
  • Valuation