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Bruno Solnik is a professor of finance at Hong Kong University of Science and Technology in Hong Kong. [1] He was academic director of the HKUST-NYU Master in Global Finance. He is also distinguished emeritus professor of finance at HEC Paris.
Solnik earned an engineering degree from École Polytechnique in Paris in 1968. He attended the Massachusetts Institute of Technology, completing a Ph.D. in finance in 1972. IN 1986 he was presented with a state doctorate in management from the Université de Paris Dauphine.
In 1969 Solnik was hired as a lecturer in economics at the University of Paris. In 1972 he moved to Stanford University as an assistant professor of finance. In 1974 he joined the HEC Paris, first as an associate professor, then a professor of finance, and later a distinguished emeritus professor. Solnik became a visiting professor at Hong Kong University of Science and Technology from 2006 to 2009, and later was appointed as a professor and academic director of the Master of Science in Global Finance program at that university.
He has also held visiting positions at University of Tokyo (Todai), University of New South Wales, University of Geneva, UCLA and University of California Berkeley.
Solnik researches trends in global finance, [2] [3] [4] and has made a particular study of international diversification of investment. [5] [6]
Solnik is the founding president of the European Finance Association and director of the American Finance Association.
Solnik has written seven books, five in France and two in the USA, including Global Investments, a textbook in the field formerly titled International Investments, and translated into Japanese and Chinese. The sixth edition of Global Investments, coauthored by Dennis McLeavey of the CFA Institute, has been used for all three levels of the CFA examination. He has published some fifty articles in leading finance and economics journals such as the Journal of Finance, the Financial Analysts Journal, Journal of Financial and Quantitative Analysis, Journal of Economic Theory, Journal of International Money and Finance, etc. He also serves on the board of editors of several major Finance journals in America, Europe and Asia.
Solnik has served on the Council for Education and Research of the CFA Institute and on its Research Foundation. Awards include two Graham & Dodd Awards for Excellence by the Financial Analysts Journal, the "Finance Award of the Year" at the 1998 Interlaken Finance Symposium, and the Nicholas Molodovsky Award, presented by the CFA Institute in 1999. [7] He is a Knight in the Order of the Legion of Honor.
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as share prices, interest rates and exchange rates, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital. It thus provides the theoretical underpinning for much of finance.
Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes–Merton model. In 1997 Merton together with Myron Scholes were awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for the method to determine the value of derivatives.
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Harry Max Markowitz was an American economist who received the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences.
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Frank J. Fabozzi is an American economist, educator, writer, and investor, currently Professor of Practice at The Johns Hopkins University Carey Business School and a Member of Edhec Risk Institute. He was previously a Professor of Finance at EDHEC Business School, Professor in the Practice of Finance and Becton Fellow in the Yale School of Management, and a visiting professor of Finance at the Sloan School of Management at the Massachusetts Institute of Technology. He has authored and edited many books, three of which were coauthored with Nobel laureates, Franco Modigliani and Harry Markowitz. He has been the editor of the Journal of Portfolio Management since 1986 and is on the board of directors of the BlackRock complex of closed-end funds.
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The following outline is provided as an overview of and topical guide to finance:
A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future growth, such as a retirement fund, endowment fund, or education fund. PMs work with a team of analysts and researchers and are responsible for establishing an investment strategy, selecting appropriate investments, and allocating each investment properly towards an investment fund or asset management vehicle.
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Enrique R. Arzac is a financial economist and Professor Emeritus of finance and economics at Columbia University specialized in asset pricing and corporate finance. Previously he was tenured Professor of Finance and Economics and served as the Senior Vice-Dean and Chairman of the Finance Division of the Columbia University Graduate School of Business. Before joining Columbia Arzac taught at the University of Buenos Aires, and was Chief Economist of the Latin American Economic Research Foundation.
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