William W. Priest, Jr. Professor
Duke University: The Fuqua School of Business
100 Fuqua Drive
Durham, NC 27708
Douglas T. Breeden is the William W. Priest Professor of Finance and former Dean of Duke University’s Fuqua School of Business. Previously, he served on faculties at Chicago Booth, Stanford and North Carolina. He was the Fischer Black Visiting Professor of Financial Economics at MIT’s Sloan School in 2011-2013, winning an “Outstanding Teacher” award.
Breeden published seminal research on insurance prices implicit in option prices, the Consumption CAPM, and hedging mortgage securities. His research with Robert Litzenberger on “Central Bank Policy Impacts on the Distribution of Insurance Prices for Future Interest Rates,” won a Roger Murray Prize from the Q-Group. He has presented this research to central bank meetings in the Americas, Europe, Asia, the Middle East and on CNBC TV.
Breeden was Associate Editor of all 3 top finance journals and Founding Editor and Editor for 10 years of the Journal of Fixed Income. He was elected to the Board of Directors of the American Finance Association and in 2010 a lifetime Fellow (only 60 in the world). He also served on the Board of the Financial Management Association.
He is Chair of the Board of Trustees of Commonfund, a leading money management firm for nonprofits and endowments. He was Co-founder and Chairman for 23 years of Smith Breeden Associates, a money management firm. He also was Chairman of Roosevelt Financial Group (St. Louis), and Community First Financial Group and Harrington Financial Group of Indiana. The International Association for Quantitative Finance named Breeden “Financial Engineer of the Year 2013” for being an “industry pioneer.”
Breeden holds a Ph.D. in Finance from Stanford and an S.B. from M.I.T. He served on the MIT President’s Council and the Stanford Business School Advisory Council. He was an Honorary Professor of the Chinese Academy of Sciences.