About the Authors

Keith Cuthbertson is Professor of Finance at CASS Business School, City University of London. He has worked at HM Treasury, Bank of England, National Institute of Economic and Social Research NIESR and at Business Schools at Imperial College London and the University of Newcastle. He has been a visitor at the Federal Reserve Bank, Washington and the Freie University, Berlin. He has undertaken consultancy and teaching in applied finance at various financial institutions and government organisations. He has co-authored the books Investments (2nd edition, 2008), Financial Engineering: Derivatives and Risk Management (2001) and Quantitative Financial Economics (2nd edition, 2004), all published by J. Wiley. His research interests are in the performance of investments funds and risk management and has publications in peer-reviewed journals including Economic Journal, Review of Economics and Statistics, Journal of Empirical Finance and European Financial Management.

Dirk Nitzsche is Senior Lecturer in Finance, Course Director for the Quants Masters Programmes, and Associate Dean for International Relations at CASS Business School, City University of London. Before joining CASS he spent 6 years at the Business School at Imperial College, London. After completing his PhD at the University of Newcastle, he worked in the Department of Economics at the University of Newcastle between 1994 and 1997, before joining City University Business School in 1997 and Imperial College in 1998. He has written numerous articles in refereed journals and co-authored three books in finance: Investments (2nd edition, 2008), Financial Engineering: Derivatives and Risk Management (2001) and Quantitative Financial Economics (2nd edition, 2004). His research interests are in asset pricing and the performance of mutual funds and hedge funds. Since 2001 he has been a visiting lecturer at New York University (London).

Niall O'Sullivan is Professor of Economics at Cork University Business School, University College Cork (UCC) and former adjunct lecturer at Dublin City University Business School. He obtained a PhD in Finance from CASS Business School and his research interests are in portfolio performance and risk, asset management and empirical finance. He has published research in Journal of Banking and FinanceJournal of Empirical FinanceEuropean Financial Management, International Review of Financial Analysis, Journal of Business Finance and Accounting and others. He is Co-Director of the Centre for Investment Research (UCC) and is the recipient of substantial research grants from the Irish Research Council, Science Foundation Ireland and Enterprise Ireland. He was a founding director of Investanalitix (a specialist investment consultancy company) and has acted as consultant to international investment management firms. He was previously an economist at Bank of Ireland Global Markets, a senior treasury consultant at FTI Finance and a trading risk analyst at Ulster Bank Markets.

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