Steven Strongin (born July 30, 1958) is a Senior Advisor at Goldman Sachs. Previously, he was the head of Global Investment Research and chair of the Global Markets Institute at

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

. He was a member of the Management Committee, Firmwide Client and Business Standards Committee and was also co-chair of the Firmwide Technology Risk Committee. Strongin's writing on

economic policy The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the e ...

investing Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

and financial trends is featured across many news sources including

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, and

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. His article, “Beating Benchmarks,” won the Second Annual Bernstein Fabozzi/Jacobs Levy Award for Outstanding Article after it was published in the ''

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

''. He holds three

patent A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...

s for

financial instrument Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership interest in an entity or a contractual right to receive or deliver in the form ...

s. One of his patents was the Wavefront system, which describes how economic shocks ripple through the economy into company performance, market value and equity returns in the US market.

Career

He joined Goldman Sachs in 1994, and became a managing director in 1998 and partner in 2002. Prior to joining the firm, Strongin served as director of monetary policy research at the

Federal Reserve Bank of Chicago The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of twelve regional Reserve Banks that, along with the Federal Reserve Board of Governors, make up the United States' central bank. The Chicago Reserve Bank serves the Sevent ...

after a twelve-year career in the Economic Research Department. He also served as an economist at the center for the Study of Economy and State at the

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...

and a researcher at PanHeuristics. At Goldman Sachs, Strongin serves on the advisory board to the

RAND The RAND Corporation (from the phrase "research and development") is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces. It is financed ...

Center for Corporate Ethics and on the visiting committee to the college at the

. He also serves as a director on the boards for the

Ocean Conservancy Ocean Conservancy (founded as The Delta Corporation) is a nonprofit environmental advocacy group based in Washington, D.C., United States. The organization formulates ocean policy at the federal and state government levels based on peer revi ...

and previously served as a director for New York City's Fund for Public Schools. He is a distinguished visiting professor at the

Pardee RAND Graduate School The Frederick S. Pardee RAND Graduate School (Pardee RAND) is a private graduate school associated with the RAND Corporation in Santa Monica, California. The school offers doctoral studies in policy analysis and practical experience working on R ...

. Strongin is a jury member for the

World Resources Institute The World Resources Institute (WRI) is a global research non-profit organization established in 1982 with funding from the MacArthur Foundation under the leadership of James Gustave Speth. WRI's activities are focused on seven areas: food, fore ...

's Ross Prize for Cities and he is on the advisory council for the

Becker Friedman Institute The Gary Becker Milton Friedman Institute for Research in Economics is a collaborative, cross-disciplinary center for research in economics. The institute was established at the University of Chicago in June 2011. It brought together the activit ...

at the University of Chicago.

Selected publications

* Strongin, Steve and Tarhan, Vefa (1990). “Money Supply Announcements and the Market's Perception of Federal Reserve Policy.” 22(2), ''Journal of Money, Credit and Banking'', 135 – 153. * Strongin, Steve (1995). “The Identification of Monetary Policy Disturbances Explaining the Liquidity Puzzle.” 35(3), ''Journal of Monetary Economics'', 463 – 497. * Peterson, Bruce and Strongin, Steve (1996). “Why are Some Industries More Cyclical than Others?.” 14(2), ''Journal of Business & Economic Statistics'', 189 – 198. * Strongin, Steve and Petsch, Melanie (1997). “Protecting a Portfolio against Inflation Risk.” ''Investment Policy'', 1(1), 63 – 82. * Strongin, Steve and Petsch, Melanie (1999). “Creating Shareholder Value: Turning Risk Management into a Competitive Advantage.” ''The Journal of Risk Finance'', 1(1), 11 – 27. * Steve Strongin, Melanie Petsch and Greg Sharenow (Summer 2000), “Beating Benchmarks,” ''The Journal of Portfolio Management'' 26(4) 11 -27. *Strongin, Steve (2014). “Too Big to Fail” from an Economic Perspective.” ''Across the Great Divide: New Perspectives on the Financial Crisis''. Chapter 12. * Strongin, Steve; Hindlian, Amanda; Lawson, Sandra; Maxwell, Katherine; Sadan, Koby; and Banerjee, Sonya (2015). “The Two-Speed Economy.” Goldman Sachs Global Markets Institute. * Strongin, Steve; Lawson, Sandra; Banerjee, Sonya; Hinds, Michael; Maxwell, Katherine; and Shan, Hui (2016). “Narrowing the Jobs Gap: Overcoming Impediments to Investing In People.” Goldman Sachs Global Markets Institute. *Strongin, Steve; Lawson, Sandra; Banerjee, Sonya; Hindlian, Amanda; and Shan, Hui (April 2019). “What the Market Pays For.” Goldman Sachs Global Markets Institute. *Strongin, Steve; Hindlian, Amanda; Lawson, Sandra; and Banerjee, Sonya (May 2019). “The Competitive Value of Data.” Goldman Sachs Global Markets Institute. *Strongin, Steve; Hindlian, Amanda; Lawson, Sandra; Banerjee, Sonya; and Duggan, Dan (July 2019) "A Survivor's Guide to Disruption." Goldman Sachs Global Markets Institute. *Strongin, Steve; Mirabal, Deborah (May 2020) "The Great Reset: A Framework for Investing After COVID-19." Goldman Sachs Global Portfolio Analysis. *Strongin, Steve; Mirabal, Deborah (July 2020) "Sustainable ESG Investing: Turning Promises Into Performance." Goldman Sachs Global Portfolio Analysis.

References

External sources

Congressional testimony

Recent Innovations in Securitization, House, 111th Cong. 1 (2009) (Testimony of Steven H. Strongin).

Excessive Speculation in the Wheat Market, Senate, 111th Cong. 1 (2009) (Testimony of Steven H. Strongin).

Job Creation, Competition, and Small Business’ Role in the United States Economy, House, 115th Cong. 2 (2018) (Testimony of Steven H. Strongin).
{{DEFAULTSORT:Strongin, Steve American business executives 1958 births Living people