Investment Analysis and Portfolio Management

Sanford J. Leeds is a distinguished senior lecturer at the University of Texas' McCombs School of Business, where he has been a member of the faculty for 16 years. For 13 of those years, he also served as president of The MBA Investment Fund LLC, a privately funded investment company managed by graduate students at the University of Texas. Professor Leeds' numerous teaching awards include three schoolwide awards: the Joe D. Beasley Teaching Award, the CBA Foundation Advisory Council Award for Teaching Innovation and the Jim Nolen Award for Excellence in Graduate Teaching. His recognition from his students includes multiple Outstanding MBA Professor Awards and Outstanding MSF Professor Awards. In 2015, he was selected to be a Provost Teaching Fellow and served on the steering committee of that organization. He currently serves as a Senior Provost Fellow. He received a B.S. in Investment Analysis from the University of Alabama, an MBA from the University of Texas and a J.D. from the University of Virginia. Professor Leeds received the Chartered Financial Analyst designation in 1998. He has served the CFA Institute as a grader, a member of the Candidate Curriculum Committee and an editor of a candidate reading section. He is also a member of the Texas State Bar.Frank K. Reilly, a Chartered Financial Analyst (CFA), is the Bernard J. Hank Professor of Finance, Mendoza College of Business, University of Notre Dame, where he served as dean from 1981-1987. Prior to 1981, Dr. Reilly was a professor at the University of Illinois at Urbana-Champaign, the University of Wyoming, and the University of Kansas. Recently, he was part of the inaugural group selected as a fellow of the Financial Management Association International. At the 2001 AIMR annual meeting in Los Angeles, he received the Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice. Among his other honors, Professor Reilly was included in the list of Outstanding Educators in America, received the Alumni Excellence in Graduate Teaching Award and the Outstanding Educator Award from the M.B.A. class at the University of Illinois, the Outstanding Teachers Award from the M.B.A. class at the University of Notre Dame, and the Faculty Award from the University of Notre Dame. He received his B.B.A. at the University of Notre Dame, his M.B.A. at Northwestern University, and his Ph.D. at the University of Chicago.Keith C. Brown, a Chartered Financial Analyst (CFA), is the Jack S. Josey Professor, University Distinguished Teaching Professor, and Fayez Sarofim Fellow at the McCombs School of Business at the University of Texas at Austin, where he teaches Investments, Portfolio Management and Security Analysis, Capital Markets, and Derivatives courses at the BBA and MBA levels. He is president and CEO of The MBA Investment Fund, LLC, a private capital appreciation fund managed by UT graduate students, and the former director of the department's Hicks, Muse, Tate & Furst Center for Private Equity Finance. Professor Brown is cofounder and senior partner of Fulcrum Financial Group, a portfolio management and investment advisory firm located in Austin, Texas, and Las Vegas, Nevada. He serves as an advisor to the boards of the Teacher Retirement System of Texas and the University of Texas Investment Management Company. He is an associate editor for the JOURNAL OF INVESTMENT MANAGEMENT and the JOURNAL OF BEHAVIORAL FINANCE. He received his B.A. from San Diego State University and his M.S. and Ph.D. from Purdue University.