Gerstein Fisher Academic Partners


Knowledge Network

Gerstein Fisher’s academic partnerships include active collaborations with renowned academics in the fields of finance, economics and risk as well as the next generation of rising stars in these arenas.

Rawi Abdelal, PhD |  Arjang A. Assad, PhD  |  Nicolas P.B. Bollen, PhD  | Christian C. Luhmann, PhD  | Philip Z. Maymin, PhD  |  Michael McDonald, PhD |  Derek Mohr | Ethan Pew, PhD Noah Smith, PhD   | Eva Steiner, PhD |Charles S. Tapiero, PhD  |  Sheridan Titman, PhD  |  Cristian Tiu, PhD

Firmly believing that academic research has enormous potential to advance the professional practice of investment management on behalf of individuals, Gerstein Fisher has long nurtured a diverse network of noted academics with whom the firm shares areas of research inquiry. In our view, working with outside academics contributes additional, independent perspectives to our research process that are unbiased, rigorous and not afraid to challenge convention.

Rawi AbdelalRawi Abdelal

Rawi Abdelal is the Herbert F. Johnson Professor of International Management at Harvard Business School and the Chair of the MBA Required Curriculum. His primary expertise is international political economy, and his research focuses on the politics of globalization and the political economy of Eurasia. Professor Abdelal is a faculty associate of Harvard’s Weatherhead Center for International Affairs and de Gunzburg Center for European Studies, and he serves on the executive committee of the Davis Center for Russian and Eurasian Studies.

Professor Abdelal’s first book, National Purpose in the World Economy, won the 2002 Shulman Prize for Outstanding Book on International Relations for its look at relationships between Eastern Europe and the former Soviet Union. He is also the author of Capital Rules, which explains the evolution of the social norms and legal rules of the international financial system. Professor Abdelal has also edited or co-edited three books: The Rules of Globalization, a collection of Harvard Business School cases on international business; Measuring Identity; and Constructing the International Economy.

He is the recipient of numerous teaching awards, including Harvard Business School’s Greenhill Award, Apgar Award for innovation in teaching, and Williams Award for excellence in teaching.

Professor Abdelal holds a B.S. in Economics from the Georgia Institute of Technology and an M.A. and Ph.D., both in Government, from Cornell University.


  • Advises Gerstein Fisher on geopolitical trends and dynamics affecting the global financial markets
  • Featured speaker for Real Talks events on geopolitics and investing

Arjang A. Assad, PhDArjang A. Assad, PhD

Arjang Assad is the Henry E. Haller Jr. Dean of the University of Pittsburgh Joseph M. Katz Graduate School of Business and College of Business Administration. Dr. Assad holds a PhD in Management Science, an MS in Chemical Engineering, MS in Operations Research, and BS in Mathematics, all from the Massachusetts Institute of Technology.

From 2008 through July 2016, Dr. Assad served as dean of the University at Buffalo’s School of Management. During his tenure at Buffalo, he led a comprehensive revision of the MBA curriculum, launched a Master of Science program in accounting and significantly enhanced the Master of Science program in finance. Dr. Assad also was instrumental in launching the Terese Kelly Investment Group, a real-money investment fund that educates finance students on the practical aspects of global capital markets, while providing them with real-world learning experiences in investment management.

His research interests include operations and quality management, optimization of distribution systems, mathematical programming and the history of operations research. He has authored or edited a number of books, as well as more than 50 refereed articles and book chapters.

Dr. Assad has been a member of the editorial boards of several prestigious scholarly journals, including Operations Research, Transportation Science, and Production and Operations Management.


  • Serves as an intermediary to the financial academic community at large, providing counsel on developing successful academic partnerships
  • Developed Gerstein Fisher’s Research Scholars program at Buffalo

Nicolas P.B. Bollen, PhDNicolas P.B. Bollen, PhD

Nicolas Bollen is the E. Bronson Ingram Research Professor in Finance at the Owen Graduate School of Management at Vanderbilt University.  He was the 2005 recipient of the Owen School’s Research Productivity Award and the 2009 recipient of the Owen School’s Research Impact Award. He received a BA in Physics from Cornell University, an MBA from Duke University, and a PhD in Finance from Duke University.

Professor Bollen has published fifteen research papers since joining the faculty of Owen in 2001, including ten in the top finance journals. Professor Bollen’s current research agenda is focused on hedge funds. Two of his recent papers were published in 2009, both in the Journal of Finance: Hedge Fund Risk Dynamics: Implications for Performance Appraisal (with co-author Bob Whaley) and Do Hedge Fund Managers Misreport Returns? Evidence from the Pooled Distribution (with co-author Veronika Pool).

A third paper, Suspicious Patterns in Hedge Fund Returns and the Risk of Fraud (also with Veronika Pool) appeared in the Review of Financial Studies in 2012. Dr. Bollen’s current work includes a study of hedge fund replication products and an analysis of models for predicting hedge fund failure, with an emphasis on failures during the financial crisis.

Shared areas of research inquiry

  • Risk factors, the value of hedge funds to individual investors, mutual fund performance, ethics in finance


Christian C. Luhmann, PhDChristian C. Luhamnn, PhD

Christian Luhmann is an Associate Professor in the Department of Psychology at Stony Brook University and is affiliated with the Center for Behavioral Political Economy and the Center for Behavioral Finance, both located at Stony Brook University. He is also the director of Stony Brook’s Cognition and Decision Making Lab. Dr. Luhmann holds a Ph.D. in Psychology from Vanderbilt University and a Bachelor’s in Computer Science from Northeastern University.

Dr. Luhmann’s research on behavioral economics focuses on the cognitive processes that underlie decision making, learning, and the interplay between these behaviors. His work has appeared in outlets such as the Journal of Behavioral Decision Making, the Journal of Economic Psychology, and the International Journal of Approximate Reasoning. Dr. Luhmann’s research employs a diverse set of methods, including behavioral experiments and quantitative and computational modeling, as well as neuroscientific methods such as electroencephalography (EEG) and neuroimaging (fMRI).

Shared areas of research inquiry

  • Behavioral finance


  • Joint research project with Gerstein Fisher researching and uncovering trends in investor behavioral responses to risk and market movements.r

Philip Z. Maymin, PhDPhilip Z. Maymin, PhD

Phil Maymin is Associate Professor of Analytics and Finance at the University of Bridgeport Trefz School of Business. He is also the founding managing editor of Algorithmic Finance. Dr. Maymin holds a PhD in Finance from the University of Chicago, a Masters in Applied Mathematics from Harvard University, and a Bachelor’s in Computer Science from Harvard University. He also holds a JD and is an attorney-at-law admitted to practice in California.

His research on behavioral and algorithmic finance has appeared in publications including Quantitative Finance, North American Journal of Economics and Finance, Journal of Wealth Management, Journal of Applied Finance, and Risk and Decision Analysis, among others. His book, “Financial Hacking: Evaluate Risks, Price Derivatives, Structure Trades, and Build Your Intuition Quickly and Easily” (2012, World Scientific) teaches practical applications of financial engineering to solve front-office problems.

Prior to his position at the University of Bridgeport, Dr. Maymin was an Assistant Professor of Finance and Risk Engineering at the NYU School of Engineering. He has been a portfolio manager at Long-Term Capital Management, Ellington Management Group, and his own hedge fund, Maymin Capital Management.

Shared areas of research inquiry

  •  Behavioral finance, risk management



Michael McDonald, PhDMichael McDonald, PhD

Michael McDonald is an Assistant Professor of Finance at Fairfield University, where he teaches graduate and undergraduate courses in investments and corporate finance. Dr. McDonald holds a PhD in Finance and Financial Management Services from the Haslam College of Business at the University of Tennessee, and an MA in Economics and a BA in Industrial Engineering, both from Clemson University.

Dr. McDonald conducts extensive research on equity and fixed income markets with a focus on using “big data” in the context of finance to help engineer analytical tools with real-world applications for financial practitioners. He has applied his extensive programming skills to develop quantitative trading strategies based on mining extensive data sets.

With a deep understanding of financial markets and investment decision-making, Dr. McDonald has advised firms of all sizes across industries on both investment and business strategy. He has assisted hedge funds and asset managers in the areas of quantitative research and analysis. In addition to appearing in industry publications including the Journal of Corporate Finance, the Journal of Behavioral Finance, and the Journal of Business and Behavioral Science, his work has been cited by The Wall Street Journal, Bloomberg, and the CFA Institute, among others.

Shared areas of research inquiry

  • Behavioral finance, data analytics, quantitative research

Derek MohrDerek Mohr

Derek Mohr is the Director of the MS Program in Finance and an Adjunct Assistant Professor at the State University of New York at Buffalo. Professor Mohr received a BA from Michigan State University, an MS from the University of Rochester, and a JD from Case Western Reserve University. He is currently a PhD Candidate at the University of Rochester.

The MS Program in Finance at UB offers tracks in Financial Management and Quantitative Finance. Professor Mohr teaches classes at the graduate and undergraduate levels in investments, derivatives and financial math. His research interests include asset pricing, risk management and bankruptcy. Professor Mohr supervises student research as part of Gerstein Fisher’s Research Scholars program, a collaboration between Gerstein Fisher and UB that provides students an opportunity to do current research in financial markets and that will provide useful insights for trading and portfolio management strategies. In addition, he is Faculty Advisor of the Terese Kelly Investment Group, a student-run group learning portfolio management through investing a portfolio of real money.


Ethan PewEthan Pew, PhD

Ethan Pew is Assistant Professor of Marketing at Stony Brook University’s College of Business. Dr. Pew conducts research on consumer behavior, particularly in the context of investment decision making, focusing on topics such as how consumers perceive time and process information when evaluating investment opportunities. Dr. Pew received his PhD in Marketing from the University of Colorado and a BBA in Finance from the McCombs School of Business at the University of Texas at Austin.

He has received numerous research fellowships and been invited to present ongoing research at several conferences, including the Behavioral Decision Research in Management and the Human Behavior and Evolution Society annual conferences. Among Dr. Pew’s professional affiliations are the American Marketing Association, the Association for Consumer Research, the Society for Judgment and Decision Making, and the Society for Personality and Social Psychology.

Shared areas of research inquiry

  • Behavioral finance


  • Joint research project with Gerstein Fisher researching and uncovering trends in investor behavioral responses to risk and market movements.

Noah SmtihNoah Smith, PhD

Noah Smith is Assistant Professor of Finance at Stony Brook University’s College of Business, where he has taught classes on investment analysis, managerial economics, and behavioral finance. His research focuses on behavioral finance and experimental finance, and he has presented at numerous academic seminars, workshops and conferences.

Dr. Smith received his PhD in economics from the University of Michigan. His dissertation concerns expectation formation in financial markets. He holds a BS in Physics from Stanford University.

Dr. Smith is the recipient of awards including the Rackham International Research Award from the University of Michigan, and a summer fellowship from the University of Michigan’s Center for Japanese Studies. He worked in Japan for three years.

Shared areas of research inquiry

  • Behavioral finance


  • Joint research project with Gerstein Fisher researching and uncovering trends in investor behavioral responses to risk and market movements.

Eva Steiner, PhDEva Steiner, PhD

Eva Steiner is an assistant professor of real estate at the Cornell SC Johnson College of Business, where she teaches undergraduate- and graduate-level real estate finance. Prior to joining Cornell, she was an assistant professor at the University of Cambridge, UK, where she taught classes in (real estate) finance and econometrics.

Professor Steiner’s research interests include real estate finance and economics, with a focus on real estate investment trusts. Professor Steiner’s research has been published, amongst others, in Real Estate Economics and the Journal of Real Estate Finance and Economics. She regularly contributes to academic and industry conferences. Her work has been recognized through a number of international honors and awards, e.g., from the American Real Estate and Urban Economics Association, and has attracted sponsorship from academic and industry-related sources, such as the Real Estate Research Institute or the European Public Real Estate Association.

Professor Steiner received her BA from the University of Heilbronn, Germany, and her MPhil and PhD degrees from the University of Cambridge, UK.

Shared areas of research inquiry

  • Real Estate Securities

Charles S. Tapiero, PhDCharles S. Tapiero, PhD

Charles Tapiero is the Topfer Chair Distinguished Professor of Financial Engineering and Technology Management at the NYU School of Engineering. He is also the Head and Founder of the Risk and Financial Engineering Department and Director of its Advanced Degrees Programs. He earned a BS in Electrical Engineering from the École Polytechnique at the University of Montreal and an MBA and PhD from New York University’s Graduate School of Business.

Professor Tapiero’s extensive academic experience includes serving as a Professor at the Graduate School of Business at Columbia University, The Hebrew University, ESSEC (France) as well as holding Chair Professorships at Case Western Reserve Universities and the University of Washington Seattle, in addition to numerous invitations in international Universities.

Professor Tapiero has acquired a worldwide reputation as an active researcher and as a consultant and board member to large firms and to several academic journals. He is currently the co-editor in chief of Risk and Decision Analysis. Professor Tapiero’s research spans financial engineering, risk assessment and analysis, actuarial and insurance science, computational finance, infrastructure finance, logistics and industrial management, operations research and decision analysis.

Professor Tapiero has contributed over 350 papers in academic referred journals and 14 books, including “Risk and Financial Management: Mathematical and Computational Methods” (2004, John Wiley) and “Risk Finance and Asset Pricing: Value, Measurements, and Markets (2010, John Wiley). His latest book is “Engineering Risk and Finance” (2013 Springer).

In addition to his rich academic experience, Professor Tapiero has held numerous public positions of responsibility at the highest levels of an industrial conglomerate (Koor Industries, 1994-2000) as well quasi and government agencies (1978-1982).

Shared areas of research inquiry

  • Risk management
  • Multi-agents asset pricing
  • Financial econometrics and computational finance
  • Risk insurance and decision analysis


  • Chairs the Graduate Department of Finance and Risk Engineering at NYU-Poly where Gregg S. Fisher serves as an Adjunct Professor in Personal Investment Management
  • Co-Coordinator of the Gerstein Fisher’s Research Scholars program at NYU-Poly

Sheridan Titman, PhDSheridan Titman, PhD

Sheridan Titman is 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 is a research associate of the National Bureau of Economic Research. He holds a BS degree from the University of Colorado and an MS and PhD from Carnegie Mellon University.

Dr. Titman taught at UCLA for over ten years where, in addition to his teaching and research activities, he served as the chair for the department of finance and as the vice chairman of the UCLA management school faculty. Between 1992 and 1994, he was one of the founding professors of the School of Business and Management at the Hong Kong University of Science and Technology, where he was the vice chairman of the faculty and the chairman of the faculty appointments committee. From 1994 to 1997, he served as the John J. Collins, S.J. Chair in Finance at Boston College. In the 1988-89 academic year Titman worked in Washington D.C. as the special assistant to the Treasury Assistant Secretary for Economic Policy.

He has served on the editorial boards of leading academic journals, including the Journal of Finance and the Review of Financial Studies. Dr. Titman was the President of the American Finance Association for 2012, as well as the past President and Director of the Western Finance Association and a former Director of the Asia Pacific Finance Association.

Dr. Titman’s academic publications include both theoretical and empirical articles on asset pricing, corporate finance, and real estate and have been widely recognized for their excellence. In 1993 a landmark study on the profitability of momentum strategies by Dr. Titman and 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.

Shared areas of research inquiry

  • Multi-factor strategies, momentum, mutual fund performance, real estate securities


Cristian Tiu, PhDCristian Tiu, PhD

Cristian Tiu is an Assistant Professor in the Finance and Managerial Economics Department of the State University of New York at Buffalo. Dr. Tiu holds a PhD in Finance and a PhD in Mathematics, both from the University of Texas at Austin.

His research interests lie in the area of empirical investments, specifically determinants of performance and asset allocation of nonstandard investors such as hedge funds and university endowments. He has published in professional outlets including the Review of Financial Studies, Mathematical Finance and the Journal of Investment Management.

Dr. Tiu has presented work at conferences including the American Finance Association and the Western Finance Association Meetings and the Global ARC.  He is a member of the Investment Committee of the University at Buffalo Foundation.

Shared areas of research inquiry

  • Determinants of performance, asset allocation


  • Advises Gerstein Fisher on investment strategy, particularly as it relates to diversification benefits, momentum and growth stocks
  • Oversees, with Professor Derek Mohr, Gerstein Fisher’s Research Scholars program at SUNY Buffalo’s School of Management
[contact-form-7 id="5164" title="Exit Intent - Speak To Our Team Members"]

Gerstein Fisher
Content Locked
Gerstein Fisher would like to send you periodic email updates. For instant access to this video, please enter your email address into field below. Thank you! Click here to go back.