Skip to main content
The University of Massachusetts Amherst

Keith Black

Adjunct Faculty

Finance

Education

PhD in Management Science,, Illinois Institute of Technology, 2010
MS in Industrial Administration, Carnegie Mellon University, 1990
BA in Economics and Mathematics/Computer Science, Whittier College, 1988

Academic Appointments

Assistant Professor and Adjunct Lecturer of Finance, Illinois Institute of Technology, 1996-2008

Honors & Awards

Barron's/MMI Award for Best Thought Leadership and Education, 2021
Savvy Investor’s 2018 Paper of the Year for Alternative Investments, 2018
Rising Star of Hedge Funds, Institutional Investor, 2010

Research

Cryptocurrencies
Private Equity
Venture Capital
Hedge Funds
Options
Alternative Investments
Investment Consulting
Asset Allocation
Risk Management
Real Assets and Inflation

Teaching

  • Cryptocurrencies
  • Private Equity
  • Venture Capital
  • Hedge Funds
  • Options
  • Alternative Investments
  • Investment Consulting
  • Asset Allocation
  • Risk Management
  • Real Assets and Inflation

Selected Publications

Alternative Investments: An Analyst's View, CAIA Level I, Fourth Edition, 2020. Chambers, Anson, Black, Kazemi.

Alternative Investments: An Allocator's View, CAIA Level II, Fourth Edition, 2020. Chambers, Kazemi, Black

Alternative Investments: A Primer for Investment Professionals, CFA Institute Research Foundation, 2018. Chambers, Black, Lacey.

Improving Hedge Fund Risk Exposures by Hedging Equity Market Volatility or How the VIX Ate My Kurtosis, Journal of Trading, 2006.

Performance Analysis of Options-Based Equity Mutual Funds, CEFs, and ETFs, Journal of Wealth Management, 2016. Black and Szado.