Jack L. Treynor, a pioneer in the use of quantitative methods in finance, helped establish the foundation of academic research in the field of finance and promoted notions such as random walks, efficient markets, risk/return trade-off and betas that others in the field actively avoided. Treynor...

Mark Rubinstein has been described as a “brilliant scholar,” one who “marches to his own drumbeat,” and is known among colleagues as a risk taker and innovator. As an individual, Rubinstein is often characterized as intellectually fearless. He is known by many of his students as a...

Municipal bonds are bonds issued by local and state governments to raise funds for public works with interest payment(s) that are generally exempt from federal taxes, and often from state and local taxes as well