Robert "Bob" Fernholz is a mathematician and financial researcher specializing in mathematics of finance.
Background
He was born in Princeton, New Jersey, on March 27, 1941. His father, Erhard Fernholz, was a distinguished German chemist who fled Germany and immigrated to the United States in 1935 to join the faculty of Princeton University. Fernholz"s mother, Mary Briganti Fernholz, was the daughter of Italian Immigrants that came to the United States in the early 1900s.
Education
Fernholz grew up in Princeton and attended Princeton Country Day School to continue high school at Deerfield Academy in Massachusetts, graduating in 1958.
Career
He founded INTECH, an institutional equity management firm, in 1987 where he was its chief investment officer He is also the President of Allocation Strategies, Limited Liability Company, a company that he founded in 2012. Robert Fernholz is the only child of Erhard Fernholz (1909-1940) and Mary Briganti Fernholz (1905 -1994).
She held an Ms degree in Economics from Smith College and worked at Princeton University as a research assistant in the Economics Department.
As an undergraduate at Princeton University, he majored in mathematics under the direction of William Feller and received his Bachelor degree magna cum laude in 1962. He continued with graduate studies in mathematics at Columbia University where he earned his Doctor of Philosophy in 1967, with a thesis under the direction of Lipman Bers.
After joining the Mathematics Department at the University of Washington in Seattle as an Assistant Professor, Fernholz continued his academic career in Argentina, followed by Hunter College of the City University of New York, and culminating with one year at Princeton University. During these years his interests changed from pure to applied mathematics, in particular, probability, statistics, and applications.
After several years of independent research in this new direction, in 1982 he published the paper “Stochastic Portfolio Theory and Stochastic Market Equilibrium”, which was the basis for his investment ideas that culminated in the creation of INTECH. Fernholz is the author of numerous research articles both in pure and applied mathematics as well as statistics and mathematics of finance.
His most important publication is the pioneering research monograph Stochastic Portfolio Theory published in 2002. He is a trustee at the Institute for Advanced Study in Princeton, New Jersey.