Author » Frank Brosens and Stephen A. Ross
Frank Brosens is a co-founder of Taconic Capital Advisors, a NYC multi-strategy firm primarily focused on event investing with assets under management slightly exceeding $7 Billion. He is primarily involved in management and risk control, and oversees Taconic's investment activities.
Mr. Brosens spent 15 years at Goldman, Sachs & Co. where he was a general partner. While at Goldman, Sachs & Co., he was head of the risk arbitrage area, the stock options business, the equity derivatives area, the Japanese warrants business (which he co-founded), as well as co-head of the energy trading business. He also served on several of the firm's principal investment committees.
Mr. Brosens serves as a Director of the Princeton University Investment Company (PRINCO). He formerly served as Chairman of the Board of the Northern Westchester Hospital.
Mr. Brosens received a B.S.E. in Mechanical & Aerospace Engineering, magna cum laude, from Princeton University in 1979, where he was elected to Phi Beta Kappa. He is married and has four boys.
Stephen A. Ross is the Franco Modigliani Professor of Financial Economics at MIT and Chairman of Compensation Valuation, Inc.(CVI). He was previously the Sterling Professor of Economics and Finance at Yale University and, before that, a professor of economics and finance at the Wharton School of the University of Pennsylvania.
Professor Ross is the author of more than 100 articles in economics and finance and is the coauthor of an introductory textbook in finance. He received his B.S. with honors from CalTech in 1965 where he majored in physics, and his Ph.D. in economics from Harvard in 1970. While he has worked on a variety of topics in economics and finance, he is probably best known for having invented the Arbitrage Pricing Theory and the Theory of Agency, and as the co discoverer of risk neutral pricing and of the binomial model for pricing derivatives. Models developed by him and coworkers, including term structure models and option pricing models, are now standards for pricing in major securities trading firms. He has been the recipient of numerous prizes and awards including the Graham and Dodd Award for financial writing, the Pomerance Prize for excellence in the area of options research, the University of Chicago's Leo Melamed Prize for the best research by a business school professor and the 1996 IAFE Financial Engineer of the Year Award. In 2006 he was the first recipient of the CME-MSRI Prize in Innovative Quantitative Applications. A Fellow of the Econometric Society and a member of the American Academy of Arts and Sciences, he currently serves as an Associate Editor of several economics and finance journals and in 1988 was President of the American Finance Association.
Ross was the senior advisor on real estate for Goldman Sachs and has been a consultant to a number of investment banks and major corporations. He has also served as an advisor to the U.S. Treasury, the Commerce Department, the Internal Revenue Service and the EXIM Bank. He founded and was the co-chairman of Roll and Ross Asset Management Corporation. He has been chairman of the American Express Advisory Panel, and a director of General Re and of CREF. He is currently Chairman of the Investment Advisory Board of IVC International, Ltd., a director of IV Capital, Ltd., a member of the board of directors of Freddie Mac, and a trustee of Caltech where he chairs the investment committee.