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peoplemila getmansky sherman
Mila Sherman

Mila Getmansky Sherman

Professor Finance
Office: Isenberg 308C
Tel: 413.577.3308
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Academic Background

Education
PhD, Massachusetts Institute of Technology, 2004
BS, Massachusetts Institute of Technology, 1998
Academic Appointments
Professor of Finance (tenured) Isenberg School of Management, UMass Amherst, 2018-Present
Associate Professor of Finance (tenured), Isenberg School of Management, UMass Amherst, 2011-2018
Visiting Scholar, MIT Sloan School of Management , 1/12-8/12
Assistant Professor of Finance, Isenberg School of Management, UMass Amherst, 2004-2011
Post-Doctoral Fellow, Laboratory for Financial Engineering, Department of Finance, MIT Sloan School of Management, 5/04-9/04

Research Interests

  • Empirical Asset Pricing
  • Systemic Risk
  • Hedge Funds
  • Financial Crises
  • Financial Institutions
  • System Dynamics

Teaching Interests

Undergraduate
  • Alternative Investments
  • Financial Modeling
  • Corporate Finance
Masters
  • Finance Theory Core
  • Financial Modeling
  • Alternative Investments

Professional Background

Professional Experience
Editor, 2013-Present, Journal of Alternative Investments
Expert Financial Economist, Apr 2015-Apr 2017, U.S. Securities and Exchange Commission (SEC)
Deutsche Asset Management, 2000, Quantitative Research Group, New York, NY
Professional Activities
  • 2021-Present, Member, AIF Global Academic Council
  • 2019-Present, Member, Managed Funds Association (MFA) Academic Advisory Board
  • 2019-Present, Member, The Financial Data Professional Institute (FDPI) Curriculum

Recent Honors & Awards

NSF Collaborative Research: Predictive Risk Investigation SysteM (PRISM) for Multi-layer Dynamic Interconnection Analysis ($260,925), 2019-2022
UMASS ADVANCE Mentoring Award, 2020-2021
NSF Digging into High Frequency Data: Present and Future Risks and Opportunities ($196,518), 2017-2021
Graham and Dodd Award of Excellence, Top award, CFA Institute, 2016
NSF CyberCorps Scholarship (Co-PI) ($4,159,338), 2015-now
Cybersecurity Risk Analysis and Security Investment Optimization (Co-PI) ($75,000), 2012-2014
Isenberg Recognition for Teaching Excellence Award ($1,500), 2014-2015
Best Paper in the Area of Financial Institutions, Midwest Finance Association, 2012
Lilly Teaching Fellowship, 2010-2011

Selected Publications

With Giulio Girardi, Kathleen Weiss Hanley, Stas Nikolova, and Loriana Pelizzon, “Portfolio Similarity and Asset Liquidation in the Insurance Industry”, Journal of Finance Economics (Forthcoming), 2021

With Hossein B. Kazemi and Xiaohui Yang, “Hedge Funds and Primer Brokers:  Favorable IPO Allocations”, Journal of Portfolio Management (Forthcoming), 2021

With Giulio Girardi and Craig Lewis, “Interconnectedness in the CDS Market”, Financial Analysts Journal, 72 (4), pp. 62-82 (2016)

With Peter Lee and Andrew W. Lo, “Hedge Funds:  A Dynamic Industry in Transition, Annual Review of Financial Economics”, 7 (1), pp. 483-577 (2015)

With Monica Billio, Dale Gray, Robert C. Merton, Andrew W. Lo, and Loriana Pelizzon . "On a New Approach for Analyzing and Managing Macrofinancial Risks", Financial Analysts Journal, 69 (2), pp. 22-33 (2013)

With Monica Billio, Andrew W. Lo, and Loriana Pelizzon. "Econometric Measures of Connectedness and Systemic Risk in the Finance and Insurance Sectors", Journal of Financial Economics, 104 (3), pp. 536-559 (2012)

"The Life Cycle of Hedge Funds: Fund Flows, Size, Competition, and Performance". Quarterly Journal of Finance, 2 (2), Article no. 1250003, pp. 1-53 (2012)

With Darwin Choi, Brian Henderson, and Heather Tookes, “Convertible Bond Arbitrageurs as Suppliers of Capital”, Review of Financial Studies, 23 (6), pp. 2492-2522 (2010)

With Darwin Choi and Heather Tookes, Convertible Bond Arbitrage, Liquidity Externalities, and Stock Prices, Journal of Financial Economics, 91 (2), pp. 227-251 (2009)

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University of Massachusetts Amherst
121 Presidents Drive
Amherst, MA 01003
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