Frank J. Fabozzi is an American

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

, educator, writer, and investor, currently Professor of Practice at The

Johns Hopkins University The Johns Hopkins University (often abbreviated as Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland, United States. Founded in 1876 based on the European research institution model, J ...

Carey Business School The Johns Hopkins Carey Business School is the graduate business school of Johns Hopkins University, a private research university in Baltimore, Maryland. It was established in 2007 and offers full-time and part-time programs leading to the M ...

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 The Yale School of Management (also known as Yale SOM) is the graduate school, graduate business school of Yale University, a Private university, private research university in New Haven, Connecticut. The school awards the Master of Business Admi ...

, 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 The Nobel Prizes (, ) are awarded annually by the Royal Swedish Academy of Sciences, the Swedish Academy, the Karolinska Institutet, and the Norwegian Nobel Committee to individuals and organizations who make outstanding contributions in th ...

Franco Modigliani Franco Modigliani (; ; 18 June 1918 – 25 September 2003) was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign, Carnegie Mellon Uni ...

and

Harry Markowitz Harry Max Markowitz (August 24, 1927 – June 22, 2023) was an American economist who received the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences. Markowitz was a professor of finance at the Rady Scho ...

. He has been the editor of the ''

Journal of Portfolio Management ''The Journal of Portfolio Management'' is a quarterly academic journal for finance and investing, covering topics such as asset allocation, performance measurement, market trends, risk management, and portfolio optimization. The journal was e ...

'' since 1986 and is on the

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

of the

BlackRock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

complex of

closed-end fund A closed-end fund (CEF), also known as a closed-end mutual fund, is an investment vehicle fund that raises capital by issuing a fixed number of shares at its inception, and then invests that capital in financial assets such as stocks and bonds. ...

Early life and education

He earned a BA (

magna cum laude Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some Sout ...

) and a

Master of Economics The Master of Economics (MEcon or MEc) is a postgraduate master's degree in economics comprising training in economic theory, econometrics, and/or applied economics. The degree is also offered as an MS or MSc, MA or MCom in economics; var ...

from the

City College of New York The City College of the City University of New York (also known as the City College of New York, or simply City College or CCNY) is a Public university, public research university within the City University of New York (CUNY) system in New York ...

, both in 1970. He also earned a doctorate in economics from the

Graduate Center of the City University of New York The Graduate School and University Center of the City University of New York (CUNY Graduate Center) is a public research institution and postgraduate university in New York City. Formed in 1961 as Division of Graduate Studies at City University ...

in 1972. He is a

Certified Public Accountant Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United Stat ...

and holds the

Chartered Financial Analyst The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financia ...

designation.

Career

Fabozzi has written and edited books and numerous research papers covering topics in

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

and

financial econometrics Financial econometrics is the application of statistical methods to financial market data. Financial econometrics is a branch of financial economics, in the field of economics. Areas of study include capital markets, financial institutions, corpo ...

. Much of his earlier writing focused on fixed income securities and portfolio management with emphasis on mortgage- and asset-backed securities and

structured product A structured product, also known as a market-linked investment, is a pre-packaged structured finance investment strategy based on a single security, a basket of securities, options, indices, commodities, debt issuance or foreign currencies, an ...

s. He is a co-developer of the

Kalotay–Williams–Fabozzi model A short-rate model, in the context of interest rate derivatives, is a mathematical model that describes the future evolution of interest rates by describing the future evolution of the short rate, usually written r_t \,. The short rate Under a s ...

of the short rate, used in the valuation of

interest rate derivative In finance, an interest rate derivative (IRD) is a derivative whose payments are determined through calculation techniques where the underlying benchmark product is an interest rate, or set of different interest rates. There are a multitude of dif ...

s. He is on the Advisory Council for the Department of

Operations Research Operations research () (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a branch of applied mathematics that deals with the development and application of analytical methods to improve management and ...

and

Financial Engineering Financial engineering is a multidisciplinary field involving financial theory, methods of engineering, tools of mathematics and the practice of programming. It has also been defined as the application of technical methods, especially from mathe ...

Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

and an affiliated professor at the Institute of Statistics and Economics at the

University of Karlsruhe The Karlsruhe Institute of Technology (KIT; ) is both a German public university, public research university in Karlsruhe, Baden-Württemberg, and a research center of the Helmholtz Association. KIT was created in 2009 when the University of Ka ...

(Germany). He has been the editor of the ''

'' since 1986 and is on the

of the

complex of

s. Before joining EDHEC Business School, Fabozzi was a finance professor at

, and a visiting finance professor at the

MIT Sloan School of Management The MIT Sloan School of Management (branded as MIT Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree progra ...

Recognition

Fabozzi was elected to

Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States. It was founded in 1776 at the College of William & Mary in Virginia. Phi Beta Kappa aims to promote and advocate excellence in the liberal arts and sciences, ...

society in 1969. He was inducted into the Fixed Income Analysts Society's Hall of Fame in 2002 and was the 2007 recipient of the C. Stewart Sheppard Award given by The

CFA Institute The CFA Institute is a global, not-for-profit professional organization that provides investment professionals with finance education. The institute aims to promote standards in ethics, education, and professional excellence in the global investme ...

. He is the 2004 recipient of an

Honorary Doctorate An honorary degree is an academic degree for which a university (or other degree-awarding institution) has waived all of the usual requirements. It is also known by the Latin phrases ''honoris causa'' ("for the sake of the honour") or '' ad hon ...

of Humane Letters from

Nova Southeastern University Nova Southeastern University (NSU) is a Private university, private research university in Florida with its main campus in Fort Lauderdale-Davie, Florida, Davie, Florida, United States. The university consists of 14 colleges, offering over ...

.. In 2015, Fabozzi received th
James R. Vertin Award
from the CFA Institute Research Foundation, which recognizes individuals whose research is "notable for its relevance and enduring value to investment professionals".

Selected bibliography

*Frank J. Fabozzi and Francesco A. Fabozzi (2021)
Bond Markets, Analysis, and Strategies, tenth edition
The MIT Press, Cambridge, Massachusetts. *Fabozzi, Frank J.; Modigliani, Franco (2009). ''Capital Markets: Institutions and Instruments'': 4th edition. Upper Saddle River, New Jersey:

Prentice Hall Prentice Hall was a major American publishing#Textbook_publishing, educational publisher. It published print and digital content for the 6–12 and higher-education market. It was an independent company throughout the bulk of the twentieth cen ...

. *Fabozzi, Frank J.; Franco Modigliani; Frank J. Jones (2009). ''Foundations of Financial Markets and Institutions'': 4th edition. Upper Saddle River, New Jersey: Prentice Hall. *Fabozzi, Frank J. (2009). ''Bond Markets, Analysis and Strategies'': 7th edition. Upper Saddle River, New Jersey: Prentice Hall. * Rachev, Svetlozar T; John S.J. Hsu; Biliana Bagasheva; Frank J. Fabozzi (2008). ''Bayesian Methods in Finance''. Hoboken, New Jersey:

John Wiley & Sons John Wiley & Sons, Inc., commonly known as Wiley (), is an American Multinational corporation, multinational Publishing, publishing company that focuses on academic publishing and instructional materials. The company was founded in 1807 and pr ...

. *Fabozzi, Frank J.; Vinod Kothari (2008). ''Introduction to Securitization''. Hoboken, Nee Jersey: John Wiley & Sons. * Rachev, Svetlozar T;

Stefan Mittnik Stefan Mittnik is a German economist, currently holds the Chair of Financial Econometrics at the Ludwig Maximilian University of Munich. He is a fellow of the Center for Financial Studies and known for his work on financial market and financia ...

; Frank J. Fabozzi; Sergio M. Focardi; Teo Jasic (2007). Financial ''Econometrics: From Basics to Advanced Modeling Techniques''. Hoboken, New Jersey: John Wiley & Sons. *Fabozzi, Frank J.; Petter N. Kolm; Dessislava Pachamanova; Sergio M. Focardi (2007)
''Robust Portfolio Optimization and Management''
Hoboken, New Jersey: John Wiley & Sons. *Fabozzi, Frank J. (2006). ''Fixed Income Mathematics: Analytical and Statistical Techniques'': 4th edition. New York: New York:

McGraw Hill McGraw Hill is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, ...

Publishing. *Fabozzi, Frank J.; Sergio M. Focardi; Petter N. Kolm (2006). ''Financial Modeling of the Equity Market'': From CAPM to Cointegration. Hoboken, New Jersey: John Wiley & Sons. *Fabozzi, Frank J.; Henry Davis;

Moorad Choudhry Moorad Choudhry was formerly Head of Business Treasury, Global Banking and Markets at Royal Bank of Scotland. Education Choudhry attended Claremont Fan Court School. He graduated from the University of Westminster (known as Polytechnic of Ce ...

(2006). ''Introduction to Structured Finance''. Hoboken, New Jersey: John Wiley & Sons. *Fabozzi, Frank J.; Harry M. Markowitz, Editors (2002). ''The Theory and Practice of Investment Management''. Hoboken, New Jersey: Wiley. *Fabozzi, Frank J.; Leibowitz, Martin L., Editors (2007). ''Fixed Income Analysis''. John Wiley & Sons.

References

External links