Matthew Spiegel's Home Page

Matthew Spiegel

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Professor of Finance

Yale University,

Yale School of Management.

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Contact Information

Research

Recent Research on Mutual Fund Returns

For those that have been following the Kalman filter model's mutual fund selections they can now be found at Alpha Investment Opportunities. They update the fund picks monthly and offer better daily and quarterly tracking tools than I can on this site. I am leaving up the historical data for those that wish to see details regarding the Kalman filter model's selections over the January 2003 through December 2004 period.

Mutual Fund Return and Performance Forecasts: Based on data through September 2004.
Historical Mutual Fund Picks and Results: Historical predictions and past results from January 2003 through July 2004.
Table and Graph of Past Returns January 2003 through December 2004.
Final Quarter 2004 Returns

Goetzmann-Spiegel Fine Art Indices

Art as a financial asset: Estimated returns from holding paintings over the last hundred years as well as indices for four selected movements.

Editorial

Was the stock market peak of 2000 a bubble? Perhaps the crash of 2002 was a panic? Maybe neither. Wilmott Magazine March 2004.

Teaching

Shyam Sunder and I teach Applied Financial Analysis. The course has its own web site from which the public can download and discuss the company and industry valuation reports produced by our students.
I have written an Introductory Finance Reader to accompany the Brealey and Myers textbook Principles of Corporate Finance. McGraw Hill publishes it for use at any university (ISBN 0072453796). Faculty can also obtain overheads to accompany the notes. You can download a sample copy containing "lectures" 1 through 6 of the reader and the overheads. These are Adobe Acrobat PDF files. You MUST have version 4.0 or higher to read them! If you do not already have the Adobe Acrobat reader (version 4 or higher), do not panic! Or cry! You can download a free copy from Adobe which will allow you to read any this and any other PDF file on the web.
The syllabus for my Ph.D. course in market micro-structure and corporate finance.
The web page for my MBA first semester finance course.
The web page for my MBA level Corporate Finance II course.