Mila Getmansky Sherman
Fuller and Meehan Endowed Professor of Finance
Mila Getmansky Sherman is Fuller and Meehan Endowed Professor of Finance at the Isenberg School of Management at UMass Amherst. Getmansky Sherman's research specializes in empirical asset pricing, hedge funds, performance of investment trading strategies, financial institutions, systemic risk, ecological finance, ESG, gender in finance, and system dynamics. She received a BS in Chemical Engineering and minor in Economics from MIT and a PhD in Management from the MIT Sloan School of Management. She was a post-doctoral fellow at the MIT Lab for Financial Engineering before joining UMass Amherst. Getmansky Sherman is an associate director of the Center for International Securities and Derivatives Markets (CISDM) at UMass Amherst whose goal is to facilitate research in international investment and derivative markets, and promote interactions between the academic and business communities. Her work has been published in several journals including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Financial Analysts Journal, Environmental Research Communications, and the Journal of Investment Management.
Getmansky Sherman has participated in numerous conference organizing committees including the American Finance Association, Western Finance Association, Financial Management Association, SFS Cavalcade, and the European Financial Association. Getmansky Sherman has served as the editor of the Journal of Alternative Investments and Associate Editor of Data Science in Science and Quarterly Journal of Finance. She is a recipient of numerous awards and grants from the Q-Group, National Bureau of Economic Research, Inquire-Europe, and National Science Foundation, and a recipient of the College Outstanding Research Award. Before joining UMass Amherst, Getmansky Sherman worked in the quantitative research group at the Deutsche Asset Management in New York. Getmansky Sherman teaches courses in corporate finance, financial modeling, and alternative investments in MBA, Masters of Finance and undergraduate programs. She has had numerous government appointments and affiliations being a Visiting Scholar at the U.S. Securities and Exchange Commission (SEC) and the Board of Governors of the Federal Reserve System. She was a contractor at the U.S. Commodity Futures Trading Commission (CFTC) and an Expert Financial Economist with the SEC. She is currently on the Managed Funds Association (MFA) academic advisory council and is on the AIF Global Academic board.
Education
Professional Experience
Academic Appointments
Awards, Honors, and Recognition
- Best Paper Award, the Society for Financial Studies and the Review of Asset Pricing Studies, 2025
- Fuller and Meehan Endowed Professor of Finance, 2024
- Teaching Excellence Award, Isenberg School of Management, 2024
- Faculty Research Excellence Award, Isenberg School of Management, 2022
- Judith Wilkinson O’Connell Faculty Fellow, 2021-present
- VentureWell Grant, Triggering Innovation with Case Studies on Core STEM & Business Principles ($30,000) Award #23729-21
- NSF Collaborative Research: Predictive Risk Investigation SysteM (PRISM) for Multi-layer Dynamic Interconnection Analysis, 2019-2024 ($260,925) Award #1940223
- UMASS NSF ADVANCE Faculty Fellow, 2020-2021
- UMASS ADVANCE Mentoring Award, 2020-2021
- NSF Digging into High Frequency Data: Present and Future Risks and Opportunities, 2017-2021 ($196,518) Award #1733942
- Faculty Research Excellence Award, Isenberg School of Management, 2020
Research Interests
Teaching Interests
- Alternative investments
- International finance
- Alternative Investments
- Financial Modeling
Media, Industry, and Public Impact
Wall Street Journal, 2023
Tearing Down the Pink Wall Panel, 2023
Bloomberg, April, 2020
TEDx Easthampton Women Talk, 2019
Bloomberg TV, August, 2015
Selected Working Papers / Current Research
1. Market Impact of Government Communication: The Case of Presidential Tweets
Farshid Abdi, Emily Kormanyos, Loriana Pelizzon, and Mila Getmansky Sherman, 2025 (Management Science, under review)
2. Global Realignment in Financial Market Dynamics: Evidence from ETF Networks
Abalfazl Zareei, Monica Billio, Andrew Lo, Loriana Pelizzon, and Mila Getmansky Sherman, 2025
(Journal of Financial and Quantitative Analysis, under review)
3. Are the Hedges of Funds Green?
Huan Kuang, Bing Liang, Tianyi Qu, and Mila Getmansky Sherman, 2025
(Review of Financial Studies, under review)
4. Sustainable Short Selling
Bing Liang, Loriana Pelizzon, Tianyi Qu, and Mila Getmansky Sherman, 2025
Selected Publications
1. Loss Sharing in Central Clearinghouses: Winners and Losers
Review of Asset Pricing Studies, 14 (2), pp. 237-273 (2024)
Christian Kubitza, Loriana Pelizzon, and Mila Getmansky Sherman
2. Addressing the Embeddability Problem in Transition Rate Estimation
Journal of Physical Chemistry A, 127(27), pp.5745-5759 (2023)
Curtis Goolsby, James Losey, Ashkan Fakharzadeh, Yuchen Xu, Marie-Christine Duker, Mila Getmansky Sherman, David S. Matteson, and Mahmoud Moradi
https://doi.org/10.1021/acs.jpca.3c01367
3. Role of Variable Renewable Energy Penetration on Electricity Price and its Volatility across Independent System Operators in the United States
Data Science in Science, 2 (1), (2023)
Olukunle O. Owolabi, Toryn L.J. Schafer, Georgia E. Smits, Sanhita Sengupta, Sean E. Ryan, Lan Wang, David S. Matteson, Mila Getmansky Sherman, and Deborah A. Sunter
4. Female Representation in the Academic Finance Profession
Journal of Finance 77(1), pp. 317-365 (2022)
Mila Getmansky Sherman and Heather Tookes
https://doi.org/10.1111/jofi.13094
5. A Robust Statistical Analysis of the Role of Hydropower on the System Electricity Price and Price Volatility
Environmental Research Communications, 4 (7), (2022)
Olukunle O. Owolabi, Kathryn Lawson, Sanhita Sengupta, Yingsi Huang, Lan Wang, Chaopeng Shen, Mila Getmansky Sherman, and Deborah A. Sunter
6. Recovery From Fast Crashes: Role of Mutual Funds
Journal of Financial Markets, 59 Part B (100646), (2022)
Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Mila Getmansky Sherman, and Darya Yuferova
7. Portfolio Similarity and Asset Liquidation in the Insurance Industry
Journal of Financial Economics, 142 (1), pp. 69-96 (2021)
Girardi Giulio, Kathleen W. Hanley, Stas Nikolova, Loriana Pelizzon, and Mila Getmansky Sherman
8. Hedge Funds and Primer Brokers: Favorable IPO Allocations
Journal of Portfolio Management, 47 (8), pp. 105-123 (2021)
Hossein B. Kazemi, Mila Getmansky Sherman, and Xiaohui Yang
9. Critical Risk Indicators (CRIs) for the Electric Power Grid: A Survey and Discussion of Interconnected Effects
Environment Systems and Decisions, 41, pp. 594-615 (2021)
Judy P. Che-Castaldo, Rémi Cousin, Stefani Daryanto, Grace Deng, Mei-Ling E. Feng, Rajesh K. Gupta, Dezhi Hong, Ryan M. McGranaghan, Olukunle O. Owolabi, Tianyi Qu, Wei Ren, Toryn L. J. Schafer, Ashutosh Sharma, Chaopeng Shen, Mila Getmansky Sherman, Deborah A. Sunter, Lan Wang, and David S. Matteson
10. Measuring Hedge Fund Liquidity Mismatch
The Journal of Alternative Investments, 24 (1), pp. 26-42 (2021)
George Aragon, Tolga Ergun, Giulio Girardi, and Mila Getmansky Sherman