biography
pronunciation:
[roobenstiyn]
| sex:
| male
|
| lived:
| (1944– )
|
| biography:
| Educator and financier, born in Seattle, Washington, USA. A Harvard-educated professor of finance at the University of California, Berkeley, he and two colleagues devised the investment hedging technique known as portfolio insurance, and formed a firm, LOR, to market the strategy in 1981. The technique appeared to be only partly successful in limiting damage during the stock-market tumble of 1987. |
|
|
