Frank J. Fabozzi is an American

economist An economist is a professional and practitioner in the 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 field there are ...

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

Johns Hopkins University Johns Hopkins University (Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland. Founded in 1876, Johns Hopkins is the oldest research university in the United States and in the western hem ...

Carey Business School The Johns Hopkins Carey Business School (also Carey Business School or simply Carey) is the graduate business school of Johns Hopkins University, a private research university in Baltimore, Maryland. It was established in 2007 and offers full- ...

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 business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executive ...

, 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 ( sv, Nobelpriset, no, Nobelprisen) 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 ou ...

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 Univ ...

and

Harry Markowitz Harry Max Markowitz (born August 24, 1927) is an American economist who received the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences. Markowitz is a professor of finance at the Rady School of Management ...

. He has been the editor of the '' Journal of Portfolio Management'' since 1986 and is on the

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit orga ...

of the

BlackRock BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with tr ...

complex of

closed-end fund A closed-end fund (CEF) is a fund that raises capital by issuing a fixed number of shares which are not redeemable, and then invest that capital in financial assets such as stocks and bonds. Unlike open-end funds, new shares in a closed-end fund ...

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 Sou ...

) and an MA in economics 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 within the City University of New York (CUNY) system in New York City. Founded in 1847, Cit ...

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

City University of New York , mottoeng = The education of free people is the hope of Mankind , budget = $3.6 billion , established = , type = Public university system , chancellor = Fél ...

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 Sta ...

and holds the Chartered Financial Analyst designation.

Career

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

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be instituti ...

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 Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the prin ...

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, and to ...

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 sho ...

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 di ...

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

Operations Research Operations research ( en-GB, operational research) (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve deci ...

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 research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ...

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

University of Karlsruhe The Karlsruhe Institute of Technology (KIT; german: Karlsruher Institut für Technologie) is a public research university in Karlsruhe, Germany. The institute is a national research center of the Helmholtz Association. KIT was created in 2009 ...

( Germany). He has been the editor of the '' Journal of Portfolio Management'' 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 (MIT Sloan or 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 programs, as ...

Recognition

Fabozzi was elected to the

Phi Beta Kappa Society The Phi Beta Kappa Society () is the oldest academic honor society in the United States, and the most prestigious, due in part to its long history and academic selectivity. Phi Beta Kappa aims to promote and advocate excellence in the liberal ar ...

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 hono ...

of Humane Letters from

Nova Southeastern University Nova Southeastern University (NSU or, informally, Nova) is a private nonprofit research university with its main campus in Davie, Florida. The university consists of 14 total colleges, centers, and schools offering over 150 programs of study. ...

.. 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, MA. ISBN 978-0-262-04627-5 * Fabozzi, Frank J.; Modigliani, Franco (2009). ''Capital Markets: Institutions and Instruments'': 4th edition. Upper Saddle River, NJ:

Prentice Hall Prentice Hall was an American major educational publisher owned by Savvas Learning Company. Prentice Hall publishes print and digital content for the 6–12 and higher-education market, and distributes its technical titles through the Safari B ...

. * Fabozzi, Frank J.; Franco Modigliani; Frank J. Jones (2009). ''Foundations of Financial Markets and Institutions'': 4th edition. Upper Saddle River, NJ: Prentice Hall. * Fabozzi, Frank J. (2009). ''Bond Markets, Analysis and Strategies'': 7th edition. Upper Saddle River, NJ: Prentice Hall. * Rachev, Svetlozar T; John S.J. Hsu; Biliana Bagasheva; Frank J. Fabozzi (2008). ''Bayesian Methods in Finance''. Hoboken, NJ: John Wiley & Sons. * Fabozzi, Frank J.; Vinod Kothari (2008). ''Introduction to Securitization''. Hoboken, NJ: 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 financial ...

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

McGraw Hill McGraw Hill is an American educational publishing company and one of the "big three" educational publishers that publishes educational content, software, and services for pre-K through postgraduate education. The company also publishes referen ...

Publishing. * Fabozzi, Frank J.; Sergio M. Focardi; Petter N. Kolm (2006). ''Financial Modeling of the Equity Market'': From CAPM to Cointegration. Hoboken, NJ: 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, NJ: John Wiley & Sons. * Fabozzi, Frank J.; Harry M. Markowitz, Editors (2002). ''The Theory and Practice of Investment Management''. Hoboken, NJ: Wiley. * Fabozzi, Frank J.; Leibowitz, Martin L., Editors (2007). ''Fixed Income Analysis''. John Wiley & Sons.

References

External links