Douglas T. Breeden
William W. Priest, Jr. Professor of Finance and Former Dean
Duke University, Fuqua School of Business
Curriculum Vita (Updated January 2016)
Douglas T. Breeden is the William W. Priest Professor of Finance and former Dean of Duke University’s Fuqua School of Business. He has also served on faculties at the University of Chicago’s Booth School and Stanford Business School. He was the Fischer Black Visiting Professor of Financial Economics at the Sloan School of Management at the Massachusetts Institute of Technology from 2011 to 2013.
Breeden has published seminal research on state prices and risk neutral densities implicit in option prices, on the consumption capital asset pricing model (CCAPM), as well as on mortgage securities and hedging. His 1979 article on intertemporal portfolio theory and the CCAPM was one of the Top 10 most-cited articles in the Journal of Financial Economics in two decades. He was an inaugural Batterymarch Fellow in 1981 and was the Distinguished Speaker at the Western Finance Association in 2005. His current research is on “Consumption as A Leading Indicator” and (with Robert Litzenberger) “Central Bank Policy Impacts on the Distribution of Future Interest Rates,” which won a Roger F. Murray Prize from the Q-Group for 2013.
He was Associate Editor of 5 top journals in finance and was the Founding Editor and Editor for 10 years of the Journal of Fixed Income. In 1988, he was elected to the Board of Directors of the American Finance Association and in 2010 was elected a lifetime Fellow. In January 2014, the International Association for Quantitative Finance named Breeden “Financial Engineer of the Year 2013” for being an “industry pioneer.”
As Dean (2001-2007) at Duke’s Fuqua School of Business, Breeden led major growth in faculty, distinguished professors, and the Ph.D. program. As a teacher, Breeden won an “Outstanding Teacher” award at MIT Sloan in 2012.
Breeden holds a Ph.D. in Finance from Stanford and an S.B. from M.I.T. He served on the President’s Council for MIT and on the MIT Corporation’s Visiting Committee for the Sloan School of Management. He was a member of the Stanford Business School Advisory Council. He served on the Board of Goethe Business School in Frankfurt, Germany and was an Honorary Professor at the Chinese Academy of Sciences in Beijing.
Breeden is a Senior Research Consultant for Amundi Smith Breeden (formerly Smith Breeden Associates), a money management firm that he co-founded and was Chairman of from 1982 to 2005. He is Chairman of Community First Financial Group, a bank holding company. He is also on Boards of Commonfund, and the Financial Management Association. He is active in philanthropic endeavors and community development in his birthplace in Southern Indiana.
About Douglas T. Breeden
The Fuqua School of Business, One Towerview Drive, Box 90120, Durham, NC 27708 USA
1 (919) 660-2892
Lifetime Fellow of the American Finance Association in 2010.
Founding Editor of The Journal of Fixed Income
Financial Engineer of the Year (FEOY) 2013, IAQF.
The International Association for Quantitative Finance (IAQF) (formerly the IAFE) have named Douglas T. Breeden the 2013 IAQF/SunGard Financial Engineer of the Year (FEOY).
The award was presented to Dr. Breeden by IAQF senior fellow and former FEOY winner and Nobel laureate Robert C. Merton on February 6, 2014, at the Museum of Mathematics in New York City, during the IAQF/SunGard FEOY Award Gala Dinner.