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EDHEC-Risk Executive Education

Yale School of Management – EDHEC-Risk Institute Certificate in Risk and Investment Management: Faculty

Frédéric Blanc-Brude
Director, EDHEC Risk Institute—Asia
PhD King's College London

Frédéric Blanc-Brude is director of the EDHEC Infrastructure Institute based in Singapore, a dedicated research unit developing a unique body of applied research on infrastructure investment from the perspective of large asset owners. He joined EDHEC in 2012 after 10 years of private sector experience in the infrastructure finance field, and direct involvement in more than USD6bn of transactions. He has also been directly involved in developing prudential regulation better adapted to longterm infrastructure investment. His research work focuses on asset pricing applied to highly illiquid assets and the stochastic modelling of cash flows in infrastructure projects. Under his supervision, the EDHEC infrastructure Institute is building the largest, most comprehensive database of infrastructure project cash flows and investment data while developing a robust asset pricing technology for private debt and equity infrastructure investments. This work has led to the creation of the first proper, risk-adjusted performance indices for infrastructure investment In the course, the various methodological and technical aspects of this project are examined and the latest empirical results presented and discussed.

James Choi
Professor of Finance, Yale School of Management
PhD Yale University

James Choi is an expert in behavioral finance and household financial decision making. His research includes investigations of the pricing impact of investor sentiment and information asymmetry in the Chinese stock market, household selection of mutual funds, retirement savings choices, the effect of personal experience and peer influence on savings rates, and the effect of the Internet on trading behavior. He has published in all of the leading academic finance journals and has had his research covered by the New York Times, Wall Street Journal, Financial Times, BusinessWeek, Economist, Barron’s, Money, MarketWatch, and many other outlets. Professor Choi is a recipient of the TIAA-CREF Paul A. Samuelson Award for outstanding scholarly writing on lifelong financial security. He is a member of the FINRA Investor Issues Committee and a TIAA-CREF Institute Fellow.

Will Goetzmann
Edwin J. Beinecke Professor of Finance and Management Studies, Director of the International Center for Finance, Yale School of Management
PhD Yale University

William N. Goetzmann is an expert on a diverse range of investments, including stocks, mutual funds, real estate, and paintings. His research topics include forecasting stock markets, selecting mutual fund managers, housing as investment, and the risk and return of art. Professor Goetzmann’s work has been featured in The Wall Street Journal, The New York Times, Business Week, The Economist, Forbes, and Art and Auction. Professor Goetzmann has a background in arts and media management. As a documentary filmmaker, he has written and coproduced programs for Nova and the American Masters series, including a profile of artist Thomas Eakins. A former director of Denver’s Museum of Western Art, Professor Goetzmann co-authored The Origins of Value: The Financial Innovations that Created Modern Capital Markets.

Lionel Martellini
Professor of Finance, EDHEC Business School, Director, EDHEC-Risk Institute, Senior Scientific Advisor, ERI Scientific Beta
PhD U.C. Berkeley

Lionel Martellini is a specialist in fixed income modelling, derivatives, asset allocation and retirement solutions. He was previously on the faculty of the Marshall School of Business at the University of Southern California and has also held a visiting position at Princeton University. He has served as a consultant to various institutional investors, investment banks, and asset management firms on questions related to risk management, asset allocation decisions and investment solutions. His research on asset management, portfolio theory, derivatives valuation, fixed income products, and alternative investment has appeared in leading academic and practitioners’ journals. He was awarded the Inquire Europe First Prize in 2009/2010 for his work on dynamic liability-driven investing strategies. He sits on the editorial boards of various journals including the Journal of Alternative Investments and the Journal of Portfolio Management.

K. Geert Rouwenhorst
Robert B. and Candice J. Haas Professor of Corporate Finance, Deputy Director of the International Center for Finance, Yale School of Management
PhD University of Rochester

Geert Rouwenhorst specializes in empirical finance and asset pricing. His research interests include risk and return in international equity markets, commodity investments, and the history of financial innovation. He has held visiting positions at MIT and the IMF. His co-edited book The Origins of Value: the Financial Innovations that Created Modern Capital Markets surveys key historical innovations in the field of finance, and was named a book of the year by Barron’s and the Economist.

Riccardo Rebonato
Professor in Finance, EDHEC Business School
PhD in Science of Materials (Condensed Matter Physics, Stony Brook University, NY). Doctorate in Nuclear Engineering (Universita’ di Milano)

Professor Rebonato was previously Global Head of Rates and FX Research at PIMCO. He also served as Head of Front Office Risk Management and Head of Clients Analytics, Global Head of Market Risk and Global Head of Quantitative Research at Royal Bank of Scotland (RBS). Prior joining RBS, he was Head of Complex IR Derivatives Trading and Head of Head of Derivatives Research at Barclays Capital. Riccardo Rebonato has served on the Board of ISDA (2002-2011), and has been on the Board of GARP since 2001. He was a visiting lecturer in Mathematical Finance at Oxford University (2001-2015). He is the author of several books, in particular having published extensively on interest rate modelling, risk management, and most notably books on SABR/LIBOR Market Model pricing of interest rate derivatives, as well as on the use of Bayesian nets for stress testing and asset allocation. He has published articles in international academic journals such as Quantitative Finance, the Journal of Derivatives and the Journal of Investment Management, and has made frequent presentations at academic and practitioner conferences.

Raman Uppal
Professor of Finance, EDHEC Business School
PhD Wharton School, University of Pennsylvania

Raman Uppal is a specialist in portfolio selection, asset pricing, risk management, and exchange rates. He was formerly Professor of Finance and Chair of the Finance Subject Area at the London Business School, having previously worked at the University of British Columbia. He has held visiting positions at KU Leuven, the MIT Sloan School of Management, the London School of Economics, and has served as co-director of the Financial Economics Programme of the Centre for Economic Policy Research. His research focuses on optimal portfolio selection and asset allocation in dynamic environments, valuation of securities in capital markets, risk management, and exchange rates. He has published widely in leading journals such as Journal of Economic Theory, Journal of Finance, Journal of Financial and Quantitative Analysis, Management Science and Review of Financial Studies, and has received numerous grants and awards for his research work and teaching.

Yale School of Management – EDHEC-Risk Institute Certificate in Risk and Investment Management: