Bruno Gerard

Dr. Gerard is primarily interested in empirical asset pricing and portfolio management, both in an international and a single country context as well as in issues of financial market integration and contagion. He has also written on the security issuance process (seasoned equity issues and Treasury auctions), price manipulation as well as corporate asset valuations and spin-offs.

His current research investigates how inflation and interest rate risk affects security returns and inter-temporal asset allocation. His other research projects investigate how industry structure and currency risk affect the returns of domestic and international portfolios, as well as the impact of the adoption of the European single currency on international equity markets and portfolio flows.

Dr. Gerard's research has been published in the Journal of Finance, Journal of Financial Economics and the Journal of Banking and Finance among others, and he is an associate editor of Finance Letters.

In addition to the Norwegian School of Management, he has also taught at the University of Michigan Business School, the Anderson School at the University of California, Los Angeles (UCLA), the Marshall School at the University of Southern California (USC) and at Louisiana State University (LSU). He has consulted on asset allocation and volatility issues with several institutions, including European Central Bank and the Norwegian Central Bank. Prior to his academic career, he practiced commercial, security and banking law as a member of the bar of Brussels, Belgium.

ACADEMIC DEGREES

• 1991 Anderson School of Management, UCLA Ph.D.
• 1983 Louisiana State University Master of Business Administration

WORK EXPERIENCE

• 2009 - Present BI Norwegian Business School DNB Chair professor in asset management
• 2001 - Present BI Norwegian Business School Professor of Finance
• 2005 - 2008 Mellon Capital Management Director, Currency Strategies
• 2004 - 2004 California Institute of Technology Visiting Professor
• 2000 - 2001 Ross School of Business, University of Michigan Visiting Asst. Professor of Finance
• 1999 - 2000 Anderson School of Management - UCLA Visiting Asst. Professor of Finance
• 1996 - 1999 Marshall School of Business, USC Assistant professor of finance
• 1995 - 1996 Anderson School of Management - UCLA Visiting Asst. Professor of Finance
• 1991 - 1995 Marshall School of Business, USC Assistant professor of finance
• 1989 - 1991 Marshall School of Business, USC Instructor in Finance
• 1988 - 1989 Anderson School of Management - UCLA Teaching Assistant
• 1985 - 1988 Anderson School of Management - UCLA Research Assistant
• 1985 - 1985 Anderson School of Management - UCLA Teaching Assistant
• 1984 - 1984 Orsa School of Business - LSU Instructor
• 1983 - 1983 Orsa School of Business - LSU Teaching Assistent
• 1983 - 1983 Independent law practice Lawyer accredited to brussels bar
• 1981 - 1982 Taquet Wantier LawFirm Lawyer accredited to brussels bar

MEDIA CONTRIBUTIONS

Gerard, Bruno. 

Alberta and Norway, two oil powers, world apart. Toronto Globe and Mail [Newspaper] 2015-08-14 BI

Gerard, Bruno; Kjenstad, Einar; Bysveen, Fredrik; Rosef, Bård Haugland; Veiteberg, Vegard; Thomsen, Jan. 

NTNU-studenter fikk pris fra Oljefondet. adressa.no [Internet] 2012-10-01 BI NTNU

Gerard, Bruno; Kjenstad, Einar; Bysveen, Fredrik; Rosef, Bård Haugland; Veiteberg, Vegard; Thomsen, Jan. 

NTNU-studenter fikk pris fra Oljefondet. Adresseavisen [Newspaper] 2012-10-01 BI NTNU

SCIENTIFIC ARTICLES

Gerard, Bruno; Eiling, Esther. 

Emerging Equity Markets Comovements: Trends and Macroeconomics Fundamentals. Review of Finance 2015 ;Volume 19.(4) p. 1543-1585 BI

Cappiello, Lorenzo; Gerard, Bruno; Kadareja, Arjan; Manganelli, Simone. 

Measuring comovements by regression quantiles. Journal of Financial Econometrics 2014 ;Volume 12.(4) p. 645-678 BI

Eiling, Esther; Gerard, Bruno; de Roon, Frans. 

Euro-zone equity returns: country versus industry effects. Review of Finance 2012 ;Volume 16.(3) p. 755-798 BI

Eiling, Esther; Gerard, Bruno; Hillion, Pierre; de Roon, Frans. 

International portfolio diversification: Currency, industry and country effects revisited. Journal of International Money and Finance 2012 ;Volume 31.(5) p. 1249-1278 BI

Gerard, Bruno; De Santis, Roberto. 

International portfolio reallocation: diversification benefits and European monetary union. European Economic Review 2009 ;Volume 53.(8) p. 1010-1027 BI

Gerard, Bruno; Wu, Gengshu. 

How important is intertemporal risk for asset allocation?. The journal of business 2006 ;Volume 79.(4) p. 2203-2241 BI

De Santis, Giorgio; Gerard, Bruno; Hillion, Pierre. 

The Relevance of Currency Risk in the EMU. Journal of Economics and Business 2003 ;Volume 55. p. 427-462 BI

Gerard, Bruno; Thanyalakpar, Kessara; Batten, John. 

Are East Asian Markets Integrated? Evidence from the ICAPM. Journal of Economics and Business 2003 ;Volume 55. p. 585-607 BI

Gerard, Bruno. 

International Asset Pricing and Portfolio Diversification with time-varying risk. Journal of Finance 1997 ;Volume 52. p. 1881-1912 BI

CHAPTERS

Gerard, Bruno; Cappiello, Lorenzo; Manganelli, Simone; Kadareja, Arjan. 

Equity Market integration of the new EU member states. I: Financial Development, Integration And Stability: Evidence form Central, Eastern adn South-Eastern Europe. Edward Elgar Publishing 2007 ISBN 978-1845429676. BI