Eugene F. Fama

Eugene F. Fama, the Robert R. McCormick Distinguished Service Professor of Finance at University of Chicago Booth School of Business, is widely recognized as the “father of modern finance.” He is the joint recipient of the 2013 Nobel Prize in Economic Science with Lars Peter Hansen of the University of Chicago and Robert J. Shiller of Yale University.

Fama‘s financial research is well-known in both the economics and investment community. He is strongly identified with research on markets, particularly with regard to the efficient market hypothesis. Through his research he has brought an empirical and scientific rigor to the field of investment management, transforming the way finance is viewed and conducted. He is a prolific author and researcher, having written two books and published more than 100 articles in academic journals. Fama is among the most cited of America‘s researchers. He focuses much of his study on the relation between risk and return and implications for portfolio management.

Fama has received further numerous awards and honors: the Morgan Stanley American Finance Association Award for Excellence in Finance, 2007, and the Onassis Prize in finance, April 2009, all awarded for lifetime contributions to finance. Fama‘s paper “The Cross-Section of Expected Stock Returns” with Kenneth R. French was the winner of the 1992 Smith Breeden Prize for the best paper in the Journal of Finance. His paper “Market Efficiency Long-Term Returns and Behavioral Finance” won the 1998 Fama-DFA Prize for the best paper published in the Journal of Financial Economics in the areas of capital markets and asset pricing.

He was the first elected fellow of the American Finance Association in 2001 and is also a fellow of the Econometric Society and the American Academy of Arts and Sciences. Fama is an advisory editor of the Journal of Financial Economics. Fama is also chairman of the Center for Research in Security Prices at Chicago Booth, which was founded 40 years ago to create the finest tools for tracking, measuring, and analyzing securities data. He is director of research at Dimensional Fund Advisors. He earned a bachelor‘s degree from Tufts University in 1960, followed by an MBA and PhD from the University of Chicago Booth School of Business in 1964. He also has been awarded a doctor of law degree from the University of Rochester, a doctor of law degree from DePaul University, a doctor honoris causa from the Catholic University of Leuven, Belgium, and a doctor of science honoris causa from Tufts University. He joined the Chicago Booth faculty in 1963.

For more information on Eugene F. Fama, please have a look at his website.

His CV can be downloaded here.