Russell Wermers

Russell Wermers

Russ Wermers is Professor of Finance 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.

Investors and ESG

In ‘The Second Objective Function,’ CFP launches a free webinar series that explores the environmental, social and corporate governance questions that are most pressing for organizations and investors today.

Can a firm’s level of CO2 emissions predict the level of returns for its shareholders?

The ‘Narrative Economics’ Playing Out Now

“Stories abound in life,” Maryland Smith’s Russell Wermers said, opening a webinar discussion Tuesday. The topic: Narrative economics, with Nobel laureate Robert Shiller.

Shiller, who received the 2013 Nobel Memorial Prize in Economic Sciences, has recently written a book “Narrative Economics: How Stories Go Viral and Drive Major Economic Events,” about stories and how they affect the way people think.

The Looming Risk of Low Fees

Active, Passive Investment Management Race Heats Up

SMITH BRAIN TRUST – The race between active and passive investment management is starting to get really interesting.

For years, investors have flocked to passively managed investment funds, drawn by their low fees and the predictability of performing almost as well as a theoretical market index (since index funds have costs and indexes do not).


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Robert H. Smith School of Business
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University of Maryland
Robert H. Smith School of Business
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College Park MD 20742