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Martin J. Gruber

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Martin J. Gruber
Born1937 (age 86–87)
NationalityAmerican
EducationMassachusetts Institute of Technology (BS)
Columbia University (MBA, PhD)
Academic career
FieldFinance
InstitutionNew York University Stern School of Business
Websitepages.stern.nyu.edu/mgruber/

Martin Jay Gruber is professor emeritus of finance and scholar in residence at the Stern School of Business, New York University, where he was previously Nomura professor of finance (1987-2010) and chair of the finance department (1989-1997).[1]

He was elected president of the American Finance Association[2] in 1995. He is director emeritus of the National Bureau of Economic Research,[3] where he was on the investment committee.

His research studies mutual funds, pension funds, and expectations in the process of security price formation.[1] He has been honored for his research by several academic and industry organizations[4][5][6][7]

With Edwin Elton, he wrote Modern Portfolio Theory and Investment Analysis (Wiley), now in its 9th edition,[8] a standard textbook in the field of modern portfolio theory.

Early life and education

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He graduated from MIT with an SB in chemical engineering, and received an MBA in production management and a PhD in finance and economics from Columbia University.

Career

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He joined the Stern School of Business as assistant professor of finance in 1965, and spent his academic career there except for a two year visiting position at the International Institute of Management, Berlin.[1]

He was chairman of the board of directors of the Japan Equity Fund,[9] chairman of the board of trustees of CREF and later TIAA-CREF,[10] and a director at DWS Scudder,[11] the Singapore Equity Fund,[12] TIAA, and the S.G. Cowen Mutual Funds.[13]

Among other editorships, he was editor of the Journal of Finance from 1983-1988.[14]

Publications

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He has written seven books and over 100 articles in scholarly journals, several with his longtime coauthor Edwin Elton.[1]

His pre-1996 articles are collected in a book published by MIT Press, "Investments" in two volumes.[15] His post-1996 articles are collected in a book published by World Scientific, "Investments and portfolio performance".[16]

Honors

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  • Docteur "honoris causa", University of Liege, Belgium [1]
  • Fellow of the American Finance Association [4]
  • Fellow of the Financial Management Association[5]
  • Fellow of the Institute for Quantitative Research in Finance[6]
  • James Vertin Award of the CFA Institute, 2004. The Vertin Award recognizes individuals producing a corpus of research that is valuable to investment professionals[7]

Personal life

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He is the father of Jonathan Gruber, professor of health economics at MIT.[17]

References

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  1. ^ a b c d e "NYU Stern bio for Martin Gruber". NYU Stern School of Business. Retrieved 16 December 2023.
  2. ^ "Past Presidents". American Finance Association.
  3. ^ "Leadership & Governance". National Bureau of Economic Research.
  4. ^ a b "Fellows". American Finance Association.
  5. ^ a b "Fellows Program". Financial Management Association.
  6. ^ a b "Q Group - Fellows of the Q Group". Institute for Quantitative Research in Finance (Q-Group).
  7. ^ a b "James R Vertin Award research winners". CFA Institute.
  8. ^ "Modern Portfolio Theory and Investment Analysis, 9th Edition | Wiley". Wiley.com.
  9. ^ "The Japan Equity Fund, Inc. Announces Approval of Aberdeen as Investment Manager and Election of New Chairman of the Board of Directors". PR Newswire (Press release). Retrieved 17 December 2023.
  10. ^ "Prospectus of TIAA-CREF Institutional Mutual Funds". Securities and Exchange Commission EDGAR. 4 February 2005. Retrieved 18 December 2023.
  11. ^ "DWS Tax Free Trust Form N-CSR". Securities and Exchange Commission EDGAR. 31 May 2007. Retrieved 18 December 2023.
  12. ^ "Aberdeen Singapore Fund, Inc. Announces Resignation Of Martin Gruber As Class II Director". Retrieved 17 December 2023.
  13. ^ "S.G Cowen Mutual Funds Form 497". Securities and Exchange Commission EDGAR. 26 January 1999. Retrieved 26 December 2023.
  14. ^ "Current and past editors". Journal of Finance. Retrieved 19 December 2023.
  15. ^ "Author page for Martin J. Gruber". MIT Press. Retrieved 19 December 2023.
  16. ^ Elton, Edwin J.; Gruber, Martin J. (2010). "Investments and portfolio performance". doi:10.1142/8034. ISBN 978-981-4335-39-3. S2CID 153846007. Retrieved 19 December 2023.
  17. ^ "NBER Form 990". ProPublica. 9 May 2013. Retrieved 18 December 2023.