About the Editors

Frank J. Fabozzi is Professor of Finance at EDHEC Business School and a member of the EDHEC-Risk Institute. Prior to joining EDHEC in August 2011, he held various professorial positions in finance at Yale University's School of Management from 1994 to 2011 and from 1986 to 1992 was a visiting professor of finance and accounting at MIT's Sloan School of Management. Professor Fabozzi is the editor of the Journal of Portfolio Management, as well as an associate editor of the Journal of Fixed Income and on the editorial boards of the Journal of Asset Management, Journal of Structured Finance, Quantitative Finance, and Review of Futures Markets. He earned a doctorate in economics from the City University of New York in 1972. He is a trustee for the BlackRock family of closed-end funds. In 2002, he was inducted into the Fixed Income Analysts Society's Hall of Fame and is the 2007 recipient of the C. Stewart Sheppard Award given by the CFA Institute. He earned the designation of Chartered Financial Analyst and Certified Public Accountant. He has authored and edited numerous books in finance.

Harry M. Markowitz has applied computer and mathematical techniques to various practical decision making areas. In finance, in an article in 1952 and a book in 1959, he presented what is now referred to as MPT, “modern portfolio theory.” This has become a standard topic in college courses and texts on investments and is widely used by institutional investors for tactical asset allocation, risk control, and attribution analysis. In other areas, Dr. Markowitz developed “sparse matrix” techniques for solving very large mathematical optimization problems. These techniques are now standard in production software for optimization programs. He also designed and supervised the development of the SIMSCRIPT programming language. SIMSCRIPT has been widely used for programming computer simulations of systems like factories, transportation systems, and communication networks. In 1989, Dr. Markowitz received the John von Neumann Award from the Operations Research Society of America for his work in portfolio theory, sparse matrix techniques, and SIMSCRIPT. In 1990, he shared the Nobel Prize in Economics for his work on portfolio theory.