Wharton Finance

Marshall Edward Blume 

(1941 – 2019) 

The Wharton Finance Department has lost a leader in empirical asset pricing research and investment strategies with the passing of Dr. Marshall Blume, the Howard Butcher III Professor Emeritus of Finance.  He will be missed by his colleagues in the Finance Department where he not only was Chair from 1982 to 1986, but also was the Director of the Rodney L. White Center for Financial Research from 1986 until 2009.  

Dr Blume is survived by his wife, Loretta (Ryan) Blume, son Christopher Blume, daughters Caroline Blume Sanderson and Catherine Blume Meyerle, and seven grandchildren. 

A memorial service followed by a buffet reception will be held on Thursday, March 14th at 12PM on the 8th Floor of Jon M. Huntsman Hall located on campus at 3730 Walnut Street.  Public parking is available directly across the street at the 38th and Walnut Street garage – entrance on 38th Street. 

Please check back in the next few days for more information if you wish to attend the memorial and the buffet reception. 


Modern theories of portfolio choice and savings behavior have provided the basis for the innovation of these models, and Wharton’s Finance Department has remained at the forefront of these developments.

The Finance Department has four areas of specialization:

  • Banking and Financial Institutions, which entails the overall economic context affecting a firm’s investments
  • Corporate Finance, concentrating on the financing and investment activities of an organization
  • Financial Instruments and Portfolio Management, which examines financial instruments and their market behavior
  • International Finance, exploring the impact of such issues as foreign currency options and exchange rates parity on the multinational corporation

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