Dr. Russell Wermers
Associate Professor

Ph.D. UCLA

4419 Van Munching Hall
301.405.0572
rwermers@rhsmith.umd.edu
www.smith.umd.edu/faculty/rwermers/

Professor Wermers’ research interests include the efficiency of security markets as well as the role of institutional investors in setting security prices. Most notably, his past research has created new methods of measuring and attributing the performance of pension fund, hedge fund, and mutual fund managers as well as devising winning strategies for investing in these funds.  His work also addresses whether investment managers who actively manage their portfolios can consistently beat the results of passively managed index funds.  His papers have been published in The American Economic Review, The Journal of Financial Economics, and The Journal of Finance.  His article on mutual fund herding won the New York Stock Exchange Award for the Best Paper on Equity Trading in 1995, and he was co-winner of a campus-wide teaching award during 2005.