Leonard Lundstrum, Ph.D. Finance with Minors in Mathematics and in Econometrics, Indiana
University-Bloomington, FRM; Professor of Finance. He teaches International Business
Finance, Risk Management, Derivatives, and Managerial Finance and publishes research in these
same areas. He previously worked in private equity at a merchant bank, participating in the
analysis and screening of potential transactions (NPV/IRR) on five continents, book-running and
structuring debt tranches, parametrizing currency swaps, and the writing and presentation of
investment proposals to executive credit committee. He also worked in strategic planning at a
Fortune 500 firm, developing a new business proposal, developing a performance analysis
framework to evaluate managers, and estimating the cost of equity on exotic securities. As a
graduate student at Illinois he led Executive MBA exam review sessions, and also did analysis
for an economic consultant. As a Ph.D. student at Indiana he served as a research
design/statistical consultant for both faculty and Ph.D. students outside the business school. He
has also served as a rate-of-return consultant—developing an analytic framework for the prudent
investor using VaR. Author of numerous refereed publications in corporate and investment
finance. Presenter at professional meetings. He has also taught at Indiana UniversityBloomington, North Carolina State, and at the University of Illinois at Urbana-Champaign.