Financial Analysts Journal Editorial Team

Executive Editor

The executive editor decides whether and when every submission is suitable for publication in the Financial Analysts Journal, in consultation with the managing editor and CFA Institute. The executive editor may also advise on the overall strategy and management of the Financial Analysts Journal in keeping with its mission and identity and standards.

Image of Stephen J. Brown

Stephen J. Brown

Executive Editor

Stephen Brown is at the Monash Business School and is transitioning to emeritus status as professor of finance at NYU Stern School of Business. Previously, Professor Brown worked at Bell Telephone Laboratories, during which he spent time on assignment at the AT&T Pension Fund as district manager and at Yale University as associate professor of finance. He is a member of CFA Society Melbourne and CFA Society New York. Professor Brown has published widely in a range of high-quality journals and is the author of five books, two of which have been translated into Japanese. His research areas of interest include hedge funds, empirical finance, asset allocation and investment management. As well as serving on a number of editorial boards, Professor Brown was a founding editor of the Review of Financial Studies and a managing editor of the Journal of Financial and Quantitative Analysis. He is now executive editor of the CFA Institute Financial Analysts Journal. Professor Brown has served as an expert witness for the US Department of Justice and has testified on his research before a Full Committee Hearing of the US Congress House Financial Services Committee. He served as a member of the Research Evaluation Committee of the Excellence in Research for Australia initiative on behalf of the Commonwealth Government of Australia. Professor Brown received his bachelor of economics from Monash University and his master of business administration and doctor of philosophy in finance from the University of Chicago.

Managing Editor

The managing editor is a staff member of the CFA Institute. They are chiefly responsible for management and oversight of the journal to ensure the Financial Analysts Journal meets its goals and objectives. In consultation with the executive editor, the managing editor makes the final decisions on what is published in the Financial Analysts Journal.

Heidi Raubenheimer, CFA

Heidi Raubenheimer CFA

Managing Editor

Heidi Raubenheimer, CFA, is the managing editor of the Financial Analysts Journal and head of Journal Publications for CFA Institute. Heidi has been a member of academic faculty of both Stellenbosch University and the University of Cape Town in South Africa. She has been active in financial services in South Africa for most of her professional life and has been a CFA charterholder since 2003.

Associate Editors

The associate editors advise the executive editor whether and when every submission assigned to them is suitable for publication in the Financial Analysts Journal.

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Luis Garcia-Feijóo CFA, CIPM

Associate Editor

Florida Atlantic University

Dr. Luis García-Feijóo, CFA, CIPM, is an associate professor of finance at Florida Atlantic University (FAU), where he teaches investments and international finance. He also serves as associate editor of the Financial Analysts Journal and as associate research director for CFA Institute Research Foundation. Prior to joining FAU, Dr. García worked as director, exam development, at CFA Institute, and was an associate professor at Creighton University. He has published his research in leading academic and practitioner journals, such as the Journal of Finance, Review of Asset Pricing Studies, Journal of Banking and Finance, Financial Analysts Journal, and Journal of Portfolio Management. Dr. García is co-author of the book Invest with the Fed: How to Maximize Portfolio Performance following Federal Reserve Policy. He holds a PhD in finance from the University of Missouri-Columbia. Dr. García actively served on the Board of Directors of the CFA Society of South Florida from 2009 to 2014 and has been an active volunteer for CFA Institute since 2009.

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Daniel Giamouridis

Associate Editor

Daniel Giamouridis is a managing director in the Global Equities division of Bank of America Merrill Lynch, where he heads globally the Scientific Implementation Group (SIG). Previously, he was an associate professor of finance at the Athens University of Economics and Business. Dr. Giamouridis’s research has appeared in academic and practitioner journals and has also received grants from professional organizations and academic institutions. He holds a PhD in finance from Cass Business School and a MEng in mechanical engineering from NTUA. Dr. Giamouridis is currently affiliated as a visiting/associate member of staff at Cass Business School (City University) and EDHEC-Risk Institute (EDHEC Business School). He is a member of the Governing Board of the Institute for Quantitative Investment Research (INQUIRE) UK and an associate editor of the CFA Institute Financial Analysts Journal.

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Steven Thorley CFA

Associate Editor

BYU Marriott School of Business

Steven Thorley, CFA, is the H. Taylor Peery Professor of Finance at the BYU Marriott School of Business. He received his PhD in financial economics from the University of Washington and holds numerous awards for academic excellence, including the Marriott School Outstanding Faculty Award. While on academic leaves from BYU, Professor Thorley has served as the interim Research Director for Analytic Investors, a factor-based fund based in Los Angeles, and for Ensign Peak Advisors in Salt Lake City. His journal publications have been presented at academic and professional seminars around the world and cited in the Wall Street Journal and other financial periodicals.

Professor Thorley is an associate editor of the Financial Analysts Journal. He teaches investments in the MBA program at the Marriott School and acts in a consulting capacity for Analytic Investors. He is currently on the investment committees for Intermountain Healthcare, Deseret Mutual Benefit Administrators, and Brigham Young University.

Advisory Council

The Advisory Council advances the mission and identity of the Financial Analysts Journal.

Image of Charles D. Ellis, CFA

Charles D. Ellis CFA

Whitehead Institute

William N. Goetzmann

William Goetzmann

Yale School of Management

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Joanne M. Hill


Image of Danling Jiang

Danling Jiang

Associate Professor of Finance at SUNY at Stony Brook

Danling Jiang is an Associate Professor of Finance at Stony Brook University—SUNY and the Chang Jiang Scholar Visiting Professor at Southwest Jiaotong University.

Image of Francis A. Longstaff, CFA

Francis A. Longstaff CFA

University of California, Los Angeles

Image of Moshe Milevsky

Moshe A. Milevsky

Schulich School of Business, York University, and IFID Centre

Image of Maureen O'Hara

Maureen O'Hara

Cornell University

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Laura T. Starks

University of Texas at Austin

Image of Maria Vassalou

Maria Vassalou

Perella Weinberg Partners

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K.C. John Wei

Hong Kong Polytechnic University

Editorial Board

The Editorial Board works with the editorial team to assess the quality, relevance, and readability of individual submissions consonant with the Financial Analysts Journal mission and identity.

Christina V. Atanasova

Simon Fraser University

David Blitz

Robeco Asset Management

Nicole M. Boyson

D'Amore-McKim School of Business, Northeastern University

David Chambers

Judge Business School, Cambridge University

Susan Christoffersen

Rotman School of Management, University of Toronto

Claude B. Erb CFA


Richard B. Evans

Darden Graduate School of Business, University of Virginia

Robert Faff

University of Queensland

Rajna Gibson Brandon

University of Geneva and Swiss Finance Institute

Lawrence Harris CFA

USC Marshall School of Business

William W. Jennings CFA

US Air Force Academy

Tim Loughran CFA

University of Notre Dame

Robert Novy-Marx

Simon Business School, University of Rochester

Russ Wermers

Smith School of Business, University of Maryland

Fanesca Young CFA


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