MIT Sloan Action Learning
Finance Labs
Finance Labs

Finance Faculty

Mark Kritzman

Mark Kritzman

Senior Lecturer, Finance
Contact Information
Office: E62-659
Tel: (617) 253-7125
Fax: (617) 258-6855
E-mail: mkritzman@mit.edu
Support Staff

Name: Rianna Allen
Tel: (617) 452-3417
E-mail: rallen@mit.edu

Group(s)

Finance

General Expertise

Asset management and pricing; Currency management; Financial engineering; Financial markets; Pension funds; Portfolio choice; Risk management

Biography

Mark P. Kritzman is a Senior Lecturer in Finance at the MIT Sloan School of Management.

Kritzman is also the president and chief executive officer of Windham Capital Management, LLC, and also serves as a senior partner of State Street Associates. He serves on the boards of the Institute for Quantitative Research in Finance and the Investment Fund for Foundations, and on the editorial boards of the Emerging Markets Review,the Financial Analysts Journal, the Journal of Alternative Investments, the Journal of Asset Management, the Journal of Derivatives, and the Journal of Investment Management.  

Kritzman has written numerous articles for academic and professional journals, focusing on investing and risk management. He is the author of six books, including Puzzles of Finance and The Portable Financial Analyst.

Kritzman holds an MBA from New York University and a Chartered Financial Analyst designation. 

Publications

Risk Disparity (2013)

Which Currency Hedging Strategy Is Best? (2013)

“Optimal Currency Hedging: In and Out of Sample,” The Journal of Asset Management, April 2009, with W. Kinlaw.

“Are Optimizers Error Maximizers: Hype versus Reality?” The Journal of Portfolio Management, Summer 2006.

View complete list of publications (PDF) >>

John Minahan

John Minahan

Senior Lecturer, Finance
Contact Information
Office: E62-686
Tel: (617) 715-4673
Fax: (617) 258-6855
E-mail: jminahan@mit.edu
Support Staff

Name: Rianna Allen
Tel: (617) 452-3417
E-mail: rallen@mit.edu

Group(s)

Finance

Biography

John Minahan is a Senior Lecturer in Finance and Associate Director of the Master of Finance Program at the MIT Sloan School of Management.

He teaches the Finance Research Practicum, an Action Learning course in which Master of Finance and other students work on business-motivated, finance research questions posed by external organizations.

Prior to joining MIT Sloan in 2010, Dr. Minahan had a career in institutional investment consulting. He consulted to pension funds, endowment funds, and investment management firms on asset allocation, risk management, investment philosophy, product development, and the evaluation of investment managers and strategies.  His employers included Meketa Investment Group, New England Pension Consultants, and MetLife.  He was also a self-employed consultant and stay-at-home parent for five years while his two daughters were in elementary school.

His consulting experiences have kindled a fascination with behavioral aspects of investment decision making, especially the roles of culture and professionalism in shaping investment practices.  His current behavioral focus is the role of pension accounting in enabling an illusion in which public and union pension funds look less costly and better funded than they really are, potentially resulting in distorted benefit, contribution, and investment decisions and an increased likelihood of a fiscal crisis for plan sponsors and plan participants.

Minahan has been active in investment professional associations for over two decades, including the CFA Institute, QWAFAFEW, the Boston Economic Club, and the Boston Security Analysts Society (BSAS). At the BSAS, he taught in the Society’s CFA Review Program, served on the Board of Directors including a term as President, and co-founded the Boston Investment Research Challenge.  He is currently President of the Boston Economic Club and a member of the Steerage Committee of Boston QWAFAFEW.

He has also served on the boards and finance-related committees of several not-for-profits including the Dorchester Bay Economic Development Corporation, MathPower, and First Parish Church in Dorchester.  He currently serves on the investment committee of the Massachusetts Council of Churches.

Minahan holds a BS from Boston College, a PhD from the MIT Sloan School of Management, and is a CFA Charterholder.

Selected Publications

Valuing and Funding Public Pension Liabilities: Why Plan Sponsors Should Listen to Economists and Why Investment Advisors Should Help Them Listen. Working paper, February 2010.

Investment Belief Systems: a Cultural Perspective. Chapter 23 in Investment Management: Meeting the Noble Challenges of Funding Pensions, Deficits, and Growth. Edited by Ralph A. Rieves and Wayne H. Wagner. Wiley, 2009.

The Role of Investment Philosophy in Evaluating Investment Managers: a Consultant’s Perspective on Distinguishing Alpha from Noise. Journal of Investing, Summer 2006.

John Parsons

John Parsons

Senior Lecturer / MBA Program Finance Track Head
Executive Director, Center for Energy and Environmental Policy Research
Contact Information
Office: E62-684
Tel: (617) 324-3745
Fax: (617) 253-9845
E-mail: jparsons@mit.edu
Support Staff

Name: Rianna Allen
Tel: (617) 452-3417
E-mail: rallen@mit.edu

Group(s)

Finance

Research Center(s)

Center for Energy and Environmental Policy Research

General Expertise

Capital budgeting; Climate policy; Corporate diversification; Corporate finance; Corporate strategy and policy; Derivatives; Dividend policy; Emissions trading; Energy; Environment; Environmental economics; Environmental policy; Finance; Financial engineering; Financial markets; Gas; Hurdle rates; Nuclear power; Oil; Public utilities; Risk management; Securities and Exchange Commission

Biography

John Parsons is a Senior Lecturer in Finance, and is the MBA Program Finance Track Head.  He is also the Executive Director of the Center for Energy and Environmental Policy Research, and was the Executive Director of the Joint Program on the Science and Policy of Global Change at the MIT Sloan School of Management (2005-2012). 

Before returning to MIT Sloan, Parsons was a vice president in the finance practice at the consulting firm of CRA, where for 10 years he worked with major international oil companies, mining companies, commodity processors, electric utilities, and international pharmaceutical companies, among others, on a wide variety of risk management and valuation matters. His research includes publications on theoretical and applied hedging and risk management problems as well as on specialized financial structures and security designs for large investments.  He has also developed the course Practice in Finance: Advanced Corporate Risk Management. 

Parsons holds an AB in economics from Princeton University and a PhD in economics from Northwestern University.

Web Site: http://www.mit.edu/~jparsons

Selected Publications

“Black Gold & Fool’s Gold: Speculation in the Oil Futures Market.” Center for Energy and Environmental Policy Research Working Paper #09-013, September 2009. [2009/09]

“Nuclear Fuel Recycling - the Value of the Separated Transuranics and the Levelized Cost of Electricity.” With Guillaume De Roo. Center for Energy and Environmental Policy Research Working Paper #09-008, September 2009 [2009/09]

Update on the Cost of Nuclear Power with Yangbo Du. Center for Energy and Environmental Policy Research Working Paper #09-004, May 2009. [2009/05]

"Designing a U.S. Market for CO2," Journal of Applied Corporate Finance 21(1), Winter 2009. [2009/01]

View complete list of publications

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