Gerald R. Jensen is professor of finance at Northern Illinois University, He has published extensively in the leading finance journals, including Journal of Financial Economics, Journal of Financial and Quantita-tive Analysis, Journal of Banking and Finance, Financial Analysts Journal, and Journal of Portfolio Management. Professor Jensen was the recipient of research grants from the Investment Analysts Society of Chicago (1997 and 1998) and the Foundation for Managed Derivatives Research (2000). He holds a Ph.D. from the University of Nebraska-Lincoln.
Robert R. Johnson, CFA, is a senior vice president in the curriculum and examinations department at AIMR. Previously, he taught at Creighton University, where he was professor of economics and finance and the recipient of the university's 1994 Robert F. Kennedy Award for Teaching Excellence. Mr. Johnson is the author of more than 40 articles in such publications as Journal of Financial Economics, Journal of Finance, Financial Analysts Journal, and Journal of Portfolio Management. He holds a Ph.D. from the University of Nebraska-Lincoln.
Jeffrey M. Mercer is associate professor and former chair of the department of finance in the College of Business at Northern Illinois University. Prior to rejoining the faculty at NIU, he served as vice president and director of research at Ibbotson Associates of Chicago. Professor Mercer's published work appears in academic and practitioner journals, including Journal of Financial Economics, Journal of Financial Research, Financial Analysts Journal, Journal of Portfolio Management, and Journal of Futures Markets. He is a member of the Investment Analysts Society of Chicago and AIMR. Professor Mercer holds a Ph.D. in finance from Texas Tech University.