Martin L. Leibowitz
Martin L. Leibowitz is a financial researcher, business leader, and a managing director of Morgan Stanley.http://www.morganstanley.com/about/press/articles/3582.html {{dead link|date=June 2017 |bot=InternetArchiveBot |fix-attempted=yes }}{{Cite web | url=http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=3768270 | title=Stocks }}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}
His most well-known work is Inside the Yield Book.
Career
Before joining Morgan Stanley, Leibowitz was vice chairman and chief investment officer of TIAA-CREF from 1995 to 2004. Previously he had worked for 26 years for Salomon Brothers, rising to become its managing director in charge of research.{{Cite news | url=https://www.nytimes.com/1995/04/12/business/salomon-official-to-be-new-investment-chief-for-cref.html | title=Salomon Official to be New Investment Chief for CREF | newspaper=The New York Times | date=12 April 1995 | last1=Strom | first1=Stephanie }}{{Cite web | url=http://www.fiasi.org/1995/44-martin-l-leibowitz | title=Martin L. Leibowitz }} He is also a member of the Board of Trustees of the Institute for Advanced Study.{{Cite web | url=http://www.ias.edu/people/trustees | title=Board of Trustees | Institute for Advanced Study | date=6 March 2016 }} In April 2009 he was named adviser to the board of directors to Singapore's sovereign fund. In March 2012, he was appointed to The Rockefeller Foundation's board of trustees.{{Cite news|url=https://www.rockefellerfoundation.org/about-us/news-media/martin-l-leibowitz-and-monica-lozano-join-the-rockefeller-foundation-board-of-trustees/|title=Martin L. Leibowitz and Monica Lozano Join The Rockefeller Foundation Board of Trustees - The Rockefeller Foundation|work=The Rockefeller Foundation|access-date=2017-03-28|language=en-US}}
Leibowitz has authored several books and more than 150 articles, 10 of which have received the Financial Analysts Journal's Graham and Dodd Award of Excellence.http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_11/ai_n13680904/ {{Bare URL inline|date=September 2022}} His Inside the Yield Book (co-authored with Sidney Homer), first published in 1972 and reissued in 2004, is a work which, according to Frank Fabozzi, "transformed the markets’ understanding of bonds."{{Cite web |url=http://carnegie.org/publications/books/2004/ |title=Carnegie Corporation of New York: New Books |access-date=2010-08-25 |archive-date=2010-10-28 |archive-url=https://web.archive.org/web/20101028054040/http://carnegie.org/publications/books/2004/ |url-status=dead }}
He was instrumental in developing the dedicated portfolio theory in the 1980s.
Leibowitz is also the recipient of the following CFA Institute Awards: the Nicholas Molodovsky Award in 1995, the James R. Vertin Award in 1998, and the Award for Professional Excellence in 2005.{{cite web|url=https://www.cfainstitute.org/about/press/release/Pages/04272009_16372.aspx |title=Yale's David F. Swensen Receives the CFA Institute Award for Professional Excellence |accessdate=2010-08-25 |url-status=dead |archiveurl=https://web.archive.org/web/20120307092115/http://www.cfainstitute.org/about/press/release/Pages/04272009_16372.aspx |archivedate=2012-03-07 }} In 1995, he was the first person inducted into the Fixed Income Analysts Society Hall of Fame.
Leibowitz holds both a bachelor's and master's degree from the University of Chicago and a Ph.D. in mathematics from the Courant Institute of New York University.{{cite web |title =Martin Leibowitz|publisher = Pensions & Investments |date=October 27, 2003 |url = https://www.pionline.com/article/20031027/PRINT/310270753/martin-leibowitz}}
Bibliography
- Inside the Yield Book, (with Sidney Homer), 1972
- Return Targets and Shortfall Risks: Studies in Strategic Asset Allocation, (with Stanley Kogelman and Lawrence N. Bader), 1995
- Franchise Value: A Modern Approach to Security Analysis, 2004
- Modern Portfolio Management: Active Long/Short 130/30 Equity Strategies, (with Simon Emrich and Anthony Bova), 2008
- The Endowment Model of Investing: Return, Risk, and Diversification, (with Anthony Bova and P. Brett Hammond), 2010
References
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Category:University of Chicago alumni
Category:Trustees of the Institute for Advanced Study
Category:Directors of Harvard Management Company