Modern Portfolio Theory and the Economics of Liability

 
D. Lee Heavner - Headshot

D. Lee Heavner

Managing Principal, Los Angeles

I led the portfolio theory team that supported our expert Glenn Hubbard in his review of the management of the Alliance Capital portfolio. We showed that ACM managed the portfolio in a manner consistent with its historical practice and that its strategy had generated over $1 billion in returns above the benchmark during ACM’s tenure as portfolio manager for FSBA.
Read Lee's professional bio