Martin J. Gruber

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Martin J. Gruber
Gruber.jpg
Nationality American
Alma mater Columbia University
Occupation Academic
Years active Since 1965
Employer Leonard N. Stern School of Business, New York University
Notable work Modern Portfolio Theory and Investment Analysis, 9th Edition
Board member of Japan Equity Fund, Inc.
Singapore Equity Fund Inc.
Awards James R. Vertin Award
Website Gruber at NYU

Martin J. Gruber is Professor Emeritus and Scholar in Residence at the Leonard N. Stern School of Business of New York University where he previously served as Professor of Finance for 45 years. Research interests include portfolio theory and management, mutual fund structure and performance, and pension funds.

Papers

Gruber received a 1990 Graham & Dodd Scroll Award[1] as co-author of the paper, The Performance of Publicly Offered Commodity Funds[2] and a 1996 Roger F. Murray Prize (second place)[3] as co-author of Participant Reaction and the Performance of Funds Offered by 401(k) Plans.[4] In 2004 Gruber received the James R. Vertin Award in recognition of his having produced a body of research notable for its relevance and enduring value to investment professionals.[5]

Gruber is the co-author of the most cited papers below, ranked from most to least cited.

Year Study
1999 Explaining the Rate Spread on Corporate Bonds[6]
1995 The Persistence of Risk-Adjusted Mutual Fund Performance[7]
2002 Incentive Fees and Mutual Funds [8]
2000 Spiders: Where are the Bugs[9]
2002 Factors Affecting the Valuation of Corporate Bonds[10]
2004 The Adequacy of Investment Choices Offered By 401K Plans[11]

Books

  • Edwin J. Elton, Martin J. Gruber, Stephen J. Brown and William N. Goetzmann (2014). Modern Portfolio Theory and Investment Analysis. Wiley. pp. 752. ISBN 978-1118469941.
  • Edwin J. Elton and Martin J. Gruber (1999). Investments, Vol. 1: Portfolio Theory and Asset Pricing. The MIT Press. pp. 492. ISBN 978-0262050593.
  • Edwin J. Elton and Martin J. Gruber (1999). Investments, Vol. 2: Securities Prices and Performance. The MIT Press. pp. 451. ISBN 978-0262050609.
  • Edwin J. Elton and Martin J. Gruber (1989). Japanese Capital Markets: Analysis and Characteristics of Equity, Debt, and Financial Futures Markets (Institutional Investor Series in Finance). Ballinger Pub Co.. pp. 256. ISBN 978-0887303395.
  • Edwin J. Elton (ed.) and Martin J. Gruber (ed.) (1975). Finance as a Dynamic Process (Foundations of Finance). Prentice Hall. pp. 176. ISBN 978-0133146905.
  • Edwin J. Elton and Martin J. Gruber (1972). Security Evaluation and Portfolio Analysis. Prentice Hall. pp. 608. ISBN 978-0137990153.

Other interests

Gruber is a Director and chairman of the board of the Japan Equity Fund, Inc., and a director of the Singapore Equity Fund Inc. He has been Chairman of the Equity Committee and a member of the DWS Mutual Funds New York Board. He has served as a member of the board of trustees of TIAA, a member of the board of CREF, and chairman of the board of CREF, a member of the board of the S.G. Cowen Funds, and chairman of the board of the Thai Equity Fund.[12]

See also

References

  1. "Graham and Dodd Award Winners". http://www.cfapubs.org/page/faj/all-graham-dodd-winners. Retrieved December 14, 2015.
  2. Elton, Edwin J.; Gruber, Martin J.; Rentzler, Joel (1990). The Performance of Publicly Offered Commodity Funds. Financial Analysts Journal: CFA Institute. pp. 23-30. http://www.jstor.org/stable/4479344.
  3. "Roger F. Murray Prize". http://www.q-group.org/prize-winners/. Retrieved December 22, 2015.
  4. Elton, Edwin J., Gruber, Martin J., and Blake, Christopher R. (2006). Participant Reaction and the Performance of Funds Offered by 401(k) Plans. EFA 2006 Zurich Meetings: SSRN. http://ssrn.com/abstract=822965.
  5. "James R. Vertin Award". CFA Institute. https://www.cfainstitute.org/learning/foundation/Pages/vertin_award.aspx. Retrieved January 4,1916.
  6. Elton, Edwin J., Gruber, Martin J., Agrawal, Deepak, and Mann, Christopher (1999). Explaining the Rate Spread on Corporate Bonds. NYU Working Paper No. FIN-99-082: SSRN. http://ssrn.com/abstract=1299452.
  7. Elton, Edwin J., Gruber, Martin J. and Blake, Christopher R. (1995). The Persistence of Risk-Adjusted Mutual Fund Performance. NYU Working Paper No. FIN-95-018: SSRN. http://ssrn.com/abstract=1298325.
  8. Elton, Edwin J., Gruber, Martin J. and Blake, Christopher R. (2002). Incentive Fees and Mutual Funds. NYU Working Paper No. FIN-01-050: SSRN. http://ssrn.com/abstract=1294595.
  9. Elton, Edwin J., Gruber, Martin J.,Commer, George and Li, Kai (200). Spiders: Where are the Bugs. SSRN. http://ssrn.com/abstract=307136.
  10. Elton, Edwin J., Gruber, Martin J., Agrawal, Deepak and Mann, Christopher (2002). Factors Affecting the Valuation of Corporate Bonds. NYU Working Paper: SSRN. http://ssrn.com/abstract=307139.
  11. Elton, Edwin J., Gruber, Martin J. and Blake, Christopher R. (2004). The Adequacy of Investment Choices Offered By 401K Plans. EFA 2004 Maastricht Meetings Paper No. 1176: SSRN. http://ssrn.com/abstract=567122.
  12. "Company Overview of Aberdeen Japan Equity Fund, Inc.". Bloomberg. http://www.bloomberg.com/research/stocks/private/person.asp?personId=8656673&privcapId=6184219. Retrieved January 6, 2016.

External links