Russell Wermers Directory Page

Russell Wermers

Russell Wermers

Area Chair

Bank of America Professor of Finance

Director, Center for Financial Policy

Ph.D., University of California, Los Angeles


Russ Wermers is Bank of America Professor of Finance and Director, Center for Financial Policy at the Smith School of Business, University of Maryland at College Park, where he won a campus-wide teaching award during 2005 and a Krowe Teaching Award (within the Smith Business School) during 2013.  His main research interests include studies of the efficiency of securities markets, as well as the role of institutional investors in setting stock prices. In addition, he studies and teaches quantitative equity strategies, and is currently researching microfinance institutions in Thailand.  Most notably, his past research has developed new approaches to measuring and attributing the performance of mutual funds, pension funds, and hedge funds, as well as devising winning strategies for investing in these funds. Professor Wermers also studies the investment behavior of these asset managers, as well as the impact of their trades on stock markets.  His papers have been published in leading scholarly journals, such as The American Economic ReviewThe Review of Financial StudiesThe Journal of Financial Economics, and The Journal of Finance.  His article on mutual fund “herding” and stock prices (Journal of Finance, 1999) won the NYSE Award for the Best Paper on Equity Trading in 1995. His coauthored article on mutual fund performance was a finalist for the Smith-Breeden Award for the Best Paper in the Journal of Finance during 2006/2007. Professor Wermers consults for the hedge fund, pension fund, and mutual fund industries. He is coauthor of a book on the latest scientific approaches to performance evaluation and attribution of professional fund managers, written for academics and practitioners (published in December 2012). He received his Ph.D. from the University of California, Los Angeles, in December 1995.

Research

How Climate Disasters Impact Investment Decisions

Money Managers in Hurricane Zones Dump Regional Stocks

Read Research Article : How Climate Disasters Impact Investment Decisions
How Money Market Funds React to Crisis

Lessons from the Eurozone Debt Crisis

Read Research Article : How Money Market Funds React to Crisis
How to Pick the Best Mutual Funds

Research Pioneers New Way To Narrow Down Funds

Read Research Article : How to Pick the Best Mutual Funds

News

SEC Chair Kicks Off Annual Conference on Financial Regulation

SEC Chairman Gary Gensler is looking to the future – one oriented around the intersection of finance and technology, climate change and…

Read News Story : SEC Chair Kicks Off Annual Conference on Financial Regulation
18 Maryland Smith Professors Named Among Top 2% Worldwide

A study of the world’s top researchers identifies 18 from the University of Maryland’s Robert H. Smith School of Business in the top 2%…

Read News Story : 18 Maryland Smith Professors Named Among Top 2% Worldwide
CFP Event Explores Diversity and the Bottom Line

When it comes to diversity, the investment industry has a ways to go.

That fact, while well known, was further illuminated this…

Read News Story : CFP Event Explores Diversity and the Bottom Line
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