BlueMountain Capital Management has entered into a consulting agreement with Harvard economics professor Jeremy C Stein, who was a member of the Board of Governors of the Federal Reserve System from May 2012 to May 2014.
Professor Stein will advise BlueMountain on a range of issues, including implications of monetary and macroprudential policies, financial regulation and market evolution, and risk and capital management.
"We're very lucky to have the opportunity to work with Jeremy," says Andrew Feldstein, CEO of BlueMountain. "He has been widely recognised by leaders in government, academia and the private sector for his talent and impact. His experience, research interests, and intellect will add real value to BlueMountain's investors."
Professor Stein is the Moise Y. Safra Professor of Economics at Harvard University. Prior to joining Harvard in 2000, Professor Stein served on the finance faculty of MIT's Sloan School of Management for ten years. Before that, he was an assistant professor of finance at the Harvard Business School from 1987 to 1990. He received his AB in economics summa cum laude from Princeton University in 1983 and his PhD in economics from MIT in 1986.
Professor Stein is a fellow of the American Academy of Arts and Sciences, a research associate at the National Bureau of Economic Research, and a past member of the Federal Reserve Bank of New York's Financial Advisory Roundtable. He served as president of the American Finance Association in 2008 and as a senior advisor to the Treasury Secretary and on the staff of the National Economic Council in 2009.
"I'm excited to be working with the BlueMountain team," says Professor Stein. "They are at the cutting edge with respect to the development of both investment strategies and risk management tools, and I look forward to learning much more about the markets from my collaboration with them."
