Martin L. Leibowitz

Martin L. Leibowitz is a financial researcher, business leader, and a managing director of Morgan Stanley.[1][2]

Career

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 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".[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.

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
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References

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