Research Interests

• Term structure modeling and bond portfolio management

Selected Publications

• “Yield Curve Shifts and the Selection of Immunization Strategies,” Journal of Fixed Income (coauthor with Gosnell and Heuson)
• “New Issue Yield Spreads in the 30-Year Treasury Bond Market,” Financial Review (coauthor with Lasser)
• “Term Structure Modeling for Pension Liability Discounting,” Financial Analysts Journal
• “The Effect of Three Mile Island on Utility Bond Risk Premia,”
  Journal of Finance (coauthor with Heuson and Kolb)
• “The Differential Effects of Sinking Funds on Bond Risk Premia,” Journal of Financial Research (coauthor with Heuson and Kolb)

Teaching & Professional Experience

• Consultant on fixed-income strategy, performance analysis and general investment company issues, Ivy Mackenzie Funds, Boca Raton, Florida
  Supervisor, Chartered Financial Analyst (CFA) exam, Miami, Florida
• Director, University Credit Union, Miami, Florida
• Vice President, Southern Finance Association
• Chartered Financial Analyst (CFA)
• Vice President and Director of Research, Mellon Bond Associates, Pittsburgh, Pennsylvania

Degrees

• University of Michigan, B.A. (Economics) April 1978
• Georgia Institute of Technology, MSIM, September 2, 1983
• Georgia Institute of Technology, Ph.D., September 2, 1983
• Chartered Financial Analyst, September 1990.

Specialties

• Investments
• Portfolio management