March 28th, 2013 | The Wall Street Journal
Sheridan Titman, Ph.D., Renowned Academic on Quantitative Investing, Becomes Advisor to Gerstein Fisher
Bringing decades of groundbreaking research on quantitative equity strategies, mutual funds, and real estate finance, Dr. Titman will work closely with Gerstein Fisher’s Investment Strategy Group on research and investment strategy
NEW YORK–(BUSINESS WIRE)–March 28, 2013–
Independent investment management firm Gerstein Fisher announced that it has entered into a research and strategic collaboration with Dr. Sheridan Titman.
Dr. Titman currently serves as a professor of finance at the University of Texas at Austin, where he holds the McAllister Centennial Chair in Financial Services at the McCombs School of Business, and as a research associate at the National Bureau of Economic Research. He just completed a term as the 2012 President of the American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics. Dr. Titman holds a B.S. degree from the University of Colorado, Boulder and an M.S. and Ph.D. from Carnegie Mellon University.
Over the course of his career, Dr Timan’s work has included both theoretical and empirical research on asset pricing, corporate finance, and real estate and energy finance, and he has authored several noted papers on the phenomenon of momentum, a key component of Gerstein Fisher’s multi-factor equity investment strategies. In 1993, the year of Gerstein Fisher’s founding, a landmark study on the profitability of momentum strategies by Dr. Titman and Dr. Narasimhan Jegadeesh was published, suggesting that building portfolios that are overexposed to past strong-performing stocks and underexposed to recent weak performers could earn investors abnormally large returns over a six-to-twelve month horizon.
With shared research interests that include momentum, quantitative investment strategies, the evaluation of mutual fund performance, and real estate investing, as well as a common commitment to educating individual investors, both Dr. Titman and members of the Gerstein Fisher Investment Strategy Group are looking forward to a vibrant and productive collaboration.
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