Anthony Herbst
Dr., Professor of Finance, Chair of the Charles R. and Dorothy S. Carter at the University of Texas at El Paso, USA
Dr. Herbst is Professor of Finance and holds the Charles R. and Dorothy S. Carter Chair at the University of Texas at El Paso. From 1992 through 1998 he served as founding editor of The Journal of Financial Engineering, published by the International Association of Financial Engineers. At the end of 1998 the journal was merged with The Journal of Derivatives.
Prior to earning a Ph.D. in Economics at Purdue University, he was manager of operations research for the National Bank of Detroit, and held positions as senior industrial engineer for Koppers Corporation at its Detroit panel plant, and as industrial engineer at Ford Motor Company's Highland Park, Michigan facilities.
Dr. Herbst founded, edited and published Passport, an international (Geneva, Switzerland) investment advisory newsletter with a worldwide readership, and was President of Transnational Investment Associates Ltd., from 1979-1981. During that time he was registered as an investment advisor with both the U.S. Securities Exchange Commission and the U.S. Commodity Futures Trading Commission.
He is author of several books, including Capital Asset Investment: Strategy, Tactics and Tools. John Wiley & Sons, UK. Published October, 2002; Analyzing and Forecasting Futures Prices (New York: John Wiley & Sons, 1992); and The Handbook of Capital Investing. (New York: Harper Business, 1990). He has published numerous refereed articles in journals such as The Journal of Financial Engineering, The Journal of Futures Markets, Global Finance Journal, and Journal of Applied Corporate Finance. In 1983 he named a Research Associate of Columbia University's Center for the Study of Futures Markets.
Dr. Herbst is a founding partner of New Market Solutions, LLC, an Arizona company that develops, patents and licenses financial technology.
EDUCATION
Ph.D., Purdue University (Krannert School), 1971
M.S., Purdue University, 1969
M.B.A., Wayne State University, 1966
B.S., Wayne State University, 1963
ACADEMIC/PROFESSIONAL APPOINTMENTS, SERVICE
Co-Chair, Global Finance Association Annual Meeting, April 4-6, 2004.
Associate Editor, Practical Financial Economics, 2001 . . .
Advisor, Editorial Board, Journal of Taxation of Financial Institutions, 2001
Associate Editor, The Journal of Financial Research, 2000 . . .
Associate Editor, The Journal of Derivatives, 1999 . . .
Member of the Executive Committee and the Editorial Board, The Global Finance Journal, 1992 . . .
Founding Editor, The Journal of Financial Engineering, 1991 through 1998.
Professor of Finance and Charles R. and Dorothy S. Carter Chair holder, The University of Texas at El Paso, 1987.
Professor of Finance, King Fahd University of Petroleum & Minerals, Saudi Arabia, 1991-92, on leave from The University of Texas at El Paso
Previous academic appointments at Roy E. Crummer Graduate School of Business of Rollins College; The University of Texas at Arlington; The University of Minnesota at Duluth; The University of Manitoba; The University of Petroleum & Minerals, Dhahran, Saudi Arabia; The University of Calgary; and Bowling Green State University
GRANTS, HONORS, AWARDS
Erskine fellowship, University of Canterbury, Christchurch, New Zealand, Summer 2001. See http://www.canterbury.ac.nz/hr/fs/ef/efintro.htm for information about the fellowships.
Award for "Best New International Finance Case 2000: Shipping Finance" from the Financial Management Association, with co-authors K. S. K. Lam and J. S. K. Wu. The award is sponsored by The Financial Management Association International (FMA) and Indiana University's Center for International Business Education and Research (IU CIBER. The winners of this award were recognized at the FMA Annual Meeting in Seattle, Washington in October, 2000.
Named to the academic advisory board of the Foundation for the Study of Cycles (founded 1941) in 1988, Director of the Business & Finance Program, 1989. Elected to the Board of Directors of the Foundation for the Study of Cycles, 1990.
Research Associate of Columbia University's Center for the Study of Futures Markets (since April 1983), and grant recipient for (1) "Hedging Against Specific Price Index Inflation with an Optimized Futures Portfolio" (1983), (2) "An Examination of the Risk:Return Characteristics of Portfolios Combining Futures Contracts with Common Stocks" (1985), (3) "Estimating the Optimal Portfolio Mix of Commodity Futures and Common Stocks" (1986), and (4) "Normal Backwardation, Forecasting, and the Returns to Commodity Traders in Financial Futures" (1986).
Chicago Board of Trade Educational Research Foundation grant recipient, for "Convergence-Adjusted Composite Hedging", with J. F. Marshall (1991).
BOOKS & BOOK CHAPTERS PUBLISHED
Capital Asset Investment: Strategy, Tactics and Tools. John Wiley & Sons, UK. Published October, 2002. Electronically published drafts in Adobe Acrobat PDF format were used 1999-2001 in graduate classes at UTEP.
"Macro Economic Hedging", with V. Bansal, J. F. Marshall, and A. L. Tucker. Advanced Strategies in Risk Management. (New York: New York Institute of Finance division of Prentice-Hall, Inc., 1993)
Analyzing and Forecasting Futures Prices. (New York: John Wiley & Sons, 1992.)
The Handbook of Capital Investing. (New York: Harper Business, 1990), 396 pages.
With J. F. Marshall, Chapter 4: Appendix, "Effectiveness, Efficiency, and Optimality in Futures Hedging: An Application of Portfolio Theory", in J. F. Marshall and K. R. Kapner, Swaps and Related Risk Management Instruments. The New York Institute of Finance, 1990.
Commodity Futures: Markets, Methods of Analysis, and Management of Risk. (New York: John Wiley & Sons, 1986), 289 pages.
Capital Budgeting: Theory, Quantitative Methods and Applications. (New York: Harper & Row, 1982), 398 pages, and Instructor's Manual to Accompany Capital Budgeting. (New York: Harper & Row, 1982). 170 pages.
Chapter: "Gold, Silver, the Stock Market and Inflation in the United States", in On Gold, The Waterleaf Press, 1982, pp. 189-229.
