Education
Doctor of Philosophy, University Pennsylvania, Philadelphia, 1975.
Doctor of Philosophy, University Pennsylvania, Philadelphia, 1975.
Assistant professor finance Stanford University, California, 1975—1978, associate professor finance, 1978—1983, Massachusetts Institute of Technology, Cambridge, 1983—1985, Nomura professor finance, since 1985. Director Nomura Mortgage Capital Corporation, New York City, 1988—1995, Nomura Asset Securities Corporation, New York City, 1992—1995, Nomura Derivative Products, New York City, since 2000, JPM Advisor Funds, New York City.
Fellow: Intrnational Association Finance Engineers (Finance Engineer of Year 1998), Econometric Society, American Finance Association (director 1990-1992).