| Martin J. Gruber | |
| Nationality: | American |
| Institution: | New York University Stern School of Business |
| Field: | Finance |
| Education: | Massachusetts Institute of Technology (SB) Columbia University (MBA, PhD) |
Martin Jay Gruber is professor emeritus of finance and scholar in residence at the Stern School of Business, New York University, where he was previously Nomura professor of finance (1987-2010) and chair of the finance department (1989-1997).[1]
He was elected president of the American Finance Association[2] in 1995. He is director emeritus of the National Bureau of Economic Research,[3] where he was on the investment committee.
His research studies mutual funds, pension funds, and expectations in the process of security price formation.[1] He has been honored for his research by several academic and industry organizations[4] [5] [6] [7]
With Edwin Elton, he wrote Modern Portfolio Theory and Investment Analysis (Wiley), now in its 9th edition,[8] a standard textbook in the field of modern portfolio theory.
He graduated from MIT with an SB in chemical engineering, and received an MBA in production management and a PhD in finance and economics from Columbia University.
He joined the Stern School of Business as assistant professor of finance in 1965, and spent his academic career there except for a two year visiting position at the International Institute of Management, Berlin.[1]
He was chairman of the board of directors of the Japan Equity Fund,[9] chairman of the board of trustees of CREF and later TIAA-CREF,[10] and a director at DWS Scudder,[11] the Singapore Equity Fund,[12] TIAA, and the S.G. Cowen Mutual Funds.[13]
Among other editorships, he was editor of the Journal of Finance from 1983-1988.[14]
He has written seven books and over 100 articles in scholarly journals, several with his longtime coauthor Edwin Elton.[1]
His pre-1996 articles are collected in a book published by MIT Press, "Investments" in two volumes.[15] His post-1996 articles are collected in a book published by World Scientific, "Investments and portfolio performance".[16]
He is the father of Jonathan Gruber, professor of health economics at MIT.[17]