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Mila Getmansky Sherman

Fuller and Meehan Endowed Professor, Associate Director of CISDM

Finance

Education

PhD, Massachusetts Institute of Technology, 2004
BS, Massachusetts Institute of Technology, 1998

Professional Experience

Editor, Journal of Alternative Investments, 2013-Present
Associate Editor, Data Science in Science, 2021-Present
Expert Financial Economist, U.S. Securities and Exchange Commission (SEC), Apr 2015-Apr 2017
Deutsche Asset Management, Quantitative Research Group, New York, NY, 2000

Academic Appointments

Professor of Finance (tenured) Isenberg School of Management, UMass Amherst, 2018-Present
Associate Professor of Finance (tenured), Isenberg School of Management, UMass Amherst, 2011-2018
Visiting Scholar, MIT Sloan School of Management, 1/12-8/12
Assistant Professor of Finance, Isenberg School of Management, UMass Amherst, 2004-2011
Post-Doctoral Fellow, Laboratory for Financial Engineering, Department of Finance, MIT Sloan School of Management, 5/04-9/04

Recent Honors / Awards

NSF Collaborative Research: Predictive Risk Investigation SysteM (PRISM) for Multi-layer Dynamic Interconnection Analysis ($260,925), 2019-2022
UMASS ADVANCE Mentoring Award, 2020-2021
NSF Digging into High Frequency Data: Present and Future Risks and Opportunities ($196,518), 2017-2021
Graham and Dodd Award of Excellence, Top award, CFA Institute, 2016
NSF CyberCorps Scholarship (Co-PI) ($4,159,338), 2015-now
Cybersecurity Risk Analysis and Security Investment Optimization (Co-PI) ($75,000), 2012-2014
Isenberg Recognition for Teaching Excellence Award ($1,500), 2014-2015
Best Paper in the Area of Financial Institutions, Midwest Finance Association, 2012
Lilly Teaching Fellowship, 2010-2011

Research Interests

Empirical Asset Pricing
Systemic Risk
Hedge Funds
Financial Crises
Financial Institutions
System Dynamics

Teaching Interests

Masters
  • Finance Theory Core
  • Financial Modeling
  • Alternative Investments
Undergraduate
  • Alternative Investments
  • Financial Modeling
  • Corporate Finance

Selected Publications

"Female Representation in the Academic Finance Profession", Mila Getmansky Sherman and Heather Tookes, Journal of Finance, 77 (1), pp. 317-365 (2022)  Internet Appendix

Portfolio Similarity and Asset Liquidation in the Insurance Industry”, Giulio Girardi, Kathleen Weiss Hanley, Stas Nikolova, Loriana Pelizzon, and Mila Getmansky Sherman, Journal of Financial Economics, 142 (1), pp. 69-96 (2021)

Hedge Funds and Primer Brokers:  Favorable IPO Allocations”, Hossein B. Kazemi, Mila Getmansky Sherman, and Xiaohui Yang, Journal of Portfolio Management, 47 (8), pp. 105-123 (2021)

"Recovery From Fast Crashes: Role of Mutual Funds", Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Mila Getmansky Sherman, and Darya Yuferova, Journal of Financial Markets, (Forthcoming) (2021) 

"Loss Sharing in Central Clearinghouses: Winners and Losers", Christian Kubitza, Loriana Pelizzon, and Mila Getmansky Sherman, Working paper (2021) 

"Critical Risk Indicators (CRIs) for the Electric Power Grid:  A Survey and Discussion of Interconnected Effects", Judy P. Che-Castaldo, Rémi Cousin, Stefani Daryanto, Grace Deng, Mei-Ling E. Feng, Rajesh K. Gupta, Dezhi Hong, Ryan M. McGranaghan, Olukunle O. Owolabi, Tianyi Qu, Wei Ren, Toryn L. J. Schafer, Ashutosh Sharma, Chaopeng Shen, Mila Getmansky Sherman, Deborah A. Sunter, Lan Wang, and David S. Matteson, Environment Systems and Decisions, 41, pp. 594-615 (2021)

"Share Restrictions and Investor Flows in the Hedge Fund Industry", Bing Liang, Chris Schwarz, Mila Getmansky Sherman, and Russell Wermers, Working paper (2021) 

"Hedge Fund Liquidity Management", George Aragon, Tolga Ergun, Giulio Girardi, and Mila Getmansky Sherman, The Journal of Alternative Investments, 24 (1), pp. 26-42 (2021)

"Global Realignment in Financial Market Dynamics: Evidence from ETF Networks", Abalfazl Zareei, Monica Billio, Andrew Lo, Loriana Pelizzon, and Mila Getmansky Sherman, Working paper (2021)

Interconnectedness in the CDS Market”, Mila Getmansky, Giulio Girardi and Craig Lewis, Financial Analysts Journal, 72 (4), pp. 62-82 (2016)

Hedge Funds:  A Dynamic Industry in Transition", Mila Getmansky, Peter Lee, and Andrew W. Lo, Annual Review of Financial Economics, 7 (1), pp. 483-577 (2015)

"On a New Approach for Analyzing and Managing Macrofinancial Risks", Monica Billio, Mila Getmansky, Dale Gray, Robert C. Merton, Andrew W. Lo, and Loriana Pelizzon, Financial Analysts Journal, 69 (2), pp. 22-33 (2013)

"Econometric Measures of Connectedness and Systemic Risk in the Finance and Insurance Sectors", Monica Billio, Mila Getmansky, Andrew W. Lo, and Loriana Pelizzon, Journal of Financial Economics, 104 (3), pp. 536-559 (2012)

"The Life Cycle of Hedge Funds: Fund Flows, Size, Competition, and Performance", Mila Getmansky, Quarterly Journal of Finance, 2 (2), Article no. 1250003, pp. 1-53 (2012)

Convertible Bond Arbitrageurs as Suppliers of Capital”, Darwin Choi, Mila Getmansky, Brian Henderson, and Heather Tookes, Review of Financial Studies, 23 (6), pp. 2492-2522 (2010)

"Convertible Bond Arbitrage, Liquidity Externalities, and Stock Prices", Darwin Choi, Mila Getmansky, and Heather Tookes, Journal of Financial Economics, 91 (2), pp. 227-251 (2009)