Photo of Scott F Richard

Scott F Richard

Practice Professor of Finance

Research Interests: asset pricing and the macro-economy. the term structure of interest rates. the global bond market.

Links: CV

Contact Information

Address: 3257 Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104
Email: scottri@wharton.upenn.edu
Office: (215) 898-3004

Overview

Scott Richard is currently a Practice Professor of Finance at the Wharton School of the University of Pennsylvania. In November 2008 he retired after 13 years as a Managing Director and Fixed Income Portfolio Manager at Morgan Stanley Investment Management. For the five years prior to MSIM, Scott was a partner at Miller, Anderson and Sherrerd, an investment management firm located in suburban Philadelphia. His other prior experience includes five years at Goldman Sachs & Co. where he was Head of Mortgage Research. Before G.S., Scott was a Professor of Financial Economics at the Graduate School of Industrial Administration (now the Tepper School) at Carnegie-Mellon University from 1972 to 1986. In the academic year of 1986-1987 he was Visiting Professor of Finance at the Sloan School of Management at the Massachusetts Institute of Technology. He currently serves on the Board of the Opera Company of Philadelphia and of the Buck and Doe Conservancy and on the Academic Advisory Board to Kepos Asset Management, a quantitative hedge fund. Scott holds a B.S. degree in Electrical Engineering from M.I.T. and a Doctor of Business Administration from Harvard University.

Research


  • Scott F Richard (Draft), A Non-Linear Macroeconomic Term Structure Model.    Abstract  Related Materials

Courses

Current

  • FNCE894 - Managing Fixed-Income Portfolios

    The goal of this course is to teach you how to manage a real portfolio of Treasury, sovereign, corporate and mortgage bonds. We develop three basic models for the yield curve, for credit spreads, and for mortgage spreads. We use these models to find value in the bond market. To implement the concepts learned in class, students form teams to manage a paper portfolio using Barclays Point, a state-of-the-art management system. Your team will trade a $500 million portfolio of bonds for which your goal will be to outperform the Barclays Aggregate Index. You trade real securities at real prices - only the money is fake. There is a MANDATORY Tutorial on Barclays POINT system on Friday, January 18, 2012 from 9:00 AM to 12:00 noon.

    FNCE394401  ( Syllabus

    FNCE394402  ( Syllabus

    FNCE894401  ( Syllabus

    FNCE894402  ( Syllabus

Previous

  • FNCE394 - Managing Fixed-Income Portfolios

    The goal of this course is to teach you how to manage a real portfolio of Treasury, sovereign, corporate and mortgage bonds. We develop three basic models for the yield curve, for credit spreads, and for mortgage spreads. We use these models to find value in the bond market. To implement the concepts learned in class, students form teams to manage a paper portfolio using Barclays Point, a state-of-the-art management system. Your team will trade a $500 million portfolio of bonds for which your goal will be to outperform the Barclays Aggregate Index. You trade real securities at real prices - only the money is fake. There is a MANDATORY Tutorial on Barclays POINT system on Friday, January 18, 2012 from 9:00 AM to 12:00 noon.

  • FNCE894 - Managing Fixed Income Portfolios

    The goal of this course is to teach you how to manage a real portfolio of Treasury, sovereign, corporate and mortgage bonds. We develop three basic models for the yield curve, for credit spreads, and for mortgage spreads. We use these models to find value in the bond market. To implement the concepts learned in class, students form teams to manage a paper portfolio using Barclays Point, a state-of-the-art management system. Your team will trade a $500 million portfolio of bonds for which your goal will be to outperform the Barclays Aggregate Index. You trade real securities at real prices - only the money is fake. There is a MANDATORY Tutorial on Barclays POINT system on Friday, January 18, 2012 from 9:00 AM to 12:00 noon.