Sanford J. Grossman (born July 21, 1953) is an American economist specializing in quantitative finance. 1953 is a common year starting on Thursday. ... July 21 is the 202nd day (203rd in leap years) of the year in the Gregorian Calendar, with 163 days remaining. ... 1953 is a common year starting on Thursday. ... An economist is someone who studies Economics. ... Financial mathematics is the branch of applied mathematics concerned with the financial markets. ...

He earned his A.B. in 1973, his A.M. in 1974 and Ph.D. in 1975, all from the University of Chicago. He is currently the chairman of Quantitative Financial Strategies, Inc. and the Steinberg Trustee Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania. A bachelors degree is usually an undergraduate academic degree awarded for a course or major that generally lasts three or four years. ... 1973 was a common year starting on Monday. ... A masters degree is an academic degree usually awarded for completion of a postgraduate or graduate course of one to three years in duration. ... 1974 is a common year starting on Tuesday (click on link for calendar). ... A doctorate is an academic degree of the highest level. ... 1975 was a common year starting on Wednesday (the link is to a full 1975 calendar). ... The University of Chicago is a private co-educational university located in Chicago, Illinois. ... The Wharton School of the University of Pennsylvania is a business school at the University of Pennsylvania, USA. It is one of the worlds leading business schools. ... The University of Pennsylvania (commonly referred to as Penn or UPenn, although the former is the preferred and recognized nickname of the University) is a private, nonsectarian, research university located in Philadelphia, Pennsylvania. ...

Quantitative Financial Strategies, based in Conshohocken, Pennsylvania, is a hedge fund that uses financial investment models using his research in quantitative finance, particularly regarding foreign exchange markets. He won the 1987 John Bates Clark Medal. He also taught at the University of Chicago, Stanford, and Princeton. He was a public director of the Chicago Board of Trade from 1992 to 1996. Conshohocken is a borough located in Montgomery County, Pennsylvania. ... The term hedge fund dates back to the first such fund founded by Alfred Winslow Jones in 1949. ... The currency market or foreign exchange market is the market where one currency is traded for another. ... 1987 is a common year starting on Thursday of the Gregorian calendar. ... The John Bates Clark Medal is awarded biannually by the American Economic Association to that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge. Named after the American Neoclassical economist John Bates Clark (1847-1938), it is considered... For other meanings of Stanford, see Stanford (disambiguation). ... For other Princetons, see Princeton. ... The Chicago Board of Trade (CBOT), established in 1848, is the worlds oldest commodity for trading in futures and options. ... 1992 was a leap year starting on Wednesday. ... 1996 is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...

Publications

• Sanford J. Grossman and Joseph Stiglitz (1980). On the Impossibility of Informationally Efficient Markets. American Economic Review 70, No. 3: 393–408.
• Sanford J. Grossman (1989) The Informational Role of Prices, The MIT Press. ISBN 0262071215

Joseph Stiglitz (born February 9, 1943) is an American economist, author and winner of Nobel Prize for economics ( 2001). ... The American Economic Review (AER) is a quarterly journal of economics published by the American Economic Association. ...

References

• Interview with hedge fund newsletter
• List of publications at New School web site
• Profile at U. Chicago web site