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'''Martin L. Leibowitz''' is a well-known financial researcher and business leader. Since 2004 he has been a Managing Director of [[Morgan Stanley]].<ref>http://www.morganstanley.com/about/press/articles/3582.html</ref><ref>http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=3768270</ref> Prior to joining Morgan Stanley, he was vice chairman and chief investment officer of [[TIAA-CREF]] from 1995 to 2004, and before that he was employed for 26 years by [[Salomon Brothers]], rising to become its Managing Director in charge of research.<ref>http://www.nytimes.com/1995/04/12/business/salomon-official-to-be-new-investment-chief-for-cref.html</ref> <ref name="fiasi">http://www.fiasi.org/1995/44-martin-l-leibowitz</ref> He is a member of the Board of Trustees of the [[Institute for Advanced Study]].<ref>http://www.ias.edu/people/trustees</ref>
'''Martin L. Leibowitz''' is a financial researcher, business leader, and a managing director of [[Morgan Stanley]].<ref>http://www.morganstanley.com/about/press/articles/3582.html {{dead link|date=June 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{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}}</ref>
His most well-known work is ''Inside the Yield Book''.


==Career==
Leibowitz is the author of numerous books and articles on financial topics. According to [[CFA Institute]], "Leibowitz has authored more than 150 articles, 10 of which have received the Financial Analysts Journal's Graham and Dodd Award of Excellence".<ref>http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_11/ai_n13680904/</ref> His most well-known work (co-authored with Sidney Homer) is ''Inside the Yield Book'', first published in 1972 and reissued in 2004, a work which, according to [[Frank Fabozzi]], "transformed the markets’ understanding of bonds". <ref>http://carnegie.org/publications/books/2004/</ref>
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.<ref>{{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 }}</ref><ref name="fiasi">{{Cite web | url=http://www.fiasi.org/1995/44-martin-l-leibowitz | title=Martin L. Leibowitz }}</ref> He is also a member of the Board of Trustees of the [[Institute for Advanced Study]].<ref>{{Cite web | url=http://www.ias.edu/people/trustees | title=Board of Trustees &#124; Institute for Advanced Study | date=6 March 2016 }}</ref> In April 2009 he was named adviser to the board of directors to [[Government of Singapore Investment Corporation|Singapore's sovereign fund]]. In March 2012, he was appointed to The Rockefeller Foundation's board of trustees.<ref>{{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}}</ref>
He was instrumental in developing the [[Dedicated Portfolio Theory|dedicated portfolio theory]] in the 1980’s.


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.<ref>http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_11/ai_n13680904/ {{Bare URL inline|date=September 2022}}</ref> 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."<ref>{{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 }}</ref>
Leibowitz is also the recipient of several awards from CFA Institute, including the Nicholas Molodovsky Award in 1995, the James R. Vertin Award in 1998, and the Award for Professional Excellence in 2005. The last of these, given to "a member of the investment profession whose exemplary achievement, excellence of practice and true leadership have inspired and reflected honor upon the profession to the highest degree", has also been received by [[Warren Buffett]], [[Peter L. Bernstein]], [[John Bogle]], and [[David F. Swensen]].<ref>https://www.cfainstitute.org/about/press/release/Pages/04272009_16372.aspx</ref> In 1995, he was the first person inducted into the Fixed Income Analysts Society Hall of Fame.<ref name="fiasi"/>
He was instrumental in developing the [[Dedicated Portfolio Theory|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.<ref>{{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 }}</ref> In 1995, he was the first person inducted into the Fixed Income Analysts Society Hall of Fame.<ref name="fiasi"/>
Leibowitz holds a Bachelors degree from the [[University of Chicago]] and a PhD from the [[Courant Institute]] of [[New York University]].

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]].<ref>{{cite web |title =Martin Leibowitz|publisher = [[Pensions & Investments]] |date=October 27, 2003 |url = https://www.pionline.com/article/20031027/PRINT/310270753/martin-leibowitz}}</ref>

==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==
==References==
{{Reflist}}
<references />


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[[Category:Financial economists]]
[[Category:Financial economists]]
[[Category:University of Chicago alumni]]
[[Category:University of Chicago alumni]]
[[Category:Trustees of the Institute for Advanced Study]]
[[Category:Directors of Harvard Management Company]]
[[Category:Courant Institute of Mathematical Sciences alumni]]
[[Category:Year of birth missing (living people)]]

Latest revision as of 08:12, 26 February 2024

Martin L. Leibowitz is a financial researcher, business leader, and a managing director of Morgan Stanley.[1][2] His most well-known work is Inside the Yield Book.

Career

[edit]

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.[3][4] He is also a member of the Board of Trustees of the Institute for Advanced Study.[5] 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.[6]

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.[7] 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."[8] 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.[9] In 1995, he was the first person inducted into the Fixed Income Analysts Society Hall of Fame.[4]

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.[10]

Bibliography

[edit]
  • 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

[edit]
  1. ^ http://www.morganstanley.com/about/press/articles/3582.html [permanent dead link]
  2. ^ "Stocks".[dead link]
  3. ^ Strom, Stephanie (12 April 1995). "Salomon Official to be New Investment Chief for CREF". The New York Times.
  4. ^ a b "Martin L. Leibowitz".
  5. ^ "Board of Trustees | Institute for Advanced Study". 6 March 2016.
  6. ^ "Martin L. Leibowitz and Monica Lozano Join The Rockefeller Foundation Board of Trustees - The Rockefeller Foundation". The Rockefeller Foundation. Retrieved 2017-03-28.
  7. ^ http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_11/ai_n13680904/ [bare URL]
  8. ^ "Carnegie Corporation of New York: New Books". Archived from the original on 2010-10-28. Retrieved 2010-08-25.
  9. ^ "Yale's David F. Swensen Receives the CFA Institute Award for Professional Excellence". Archived from the original on 2012-03-07. Retrieved 2010-08-25.
  10. ^ "Martin Leibowitz". Pensions & Investments. October 27, 2003.