Recognized for his preeminent contributions to financial theory and practice, particularly the essence of the capital asset pricing model, Mr. Treynorâs illustrious career includes author, editor, teacher, practitioner and mentor. In addition to his book with Priest and Regan on the investment consequences of ERISA (Dow-Jones Irwin, 1976), he is the author of more than 70 papers published in the Harvard Business Review, the Financial Analysts Journal, Journal of Business, the Journal of Finance, the Journal of Investment Management and others, eighteen of which have been anthologized. He spent many years as the editor of the Financial Analyst Journal and many more as a general partner or director of numerous investment companies. He serves on the advisory boards of the Financial Analysts Journal and the Journal of Investment Management.
Mr. Treynor is also a distinguished fellow of the Institute for Quantitative Research in Finance. He majored in mathematics at Haverford College, wrote cases for a year after graduating (with Distinction) from Harvard Business School, and devoted a sabbatical year to graduate study of economics at MIT. Along with Warren Buffett and Jack Bogle he is the recipient of the CFA Instituteâs highest award, âThe Award for Professional Excellence.â
Commenting on his receipt of the 2007 FEOY award, Mr. Treynor said, âI am very proud to be recognized by the professional group that is responsible for most of the important innovations in financial instruments and institutions.â
David Rowe, executive vice president, risk management at SunGard, said, âJack Treynor is truly one of the commanding figures in the development of modern financial theory. A student of Franco Modigliani and a mentor of, and collaborator with, Fischer Black, he is widely credited with the central insight that led to the capital asset pricing model. It is very appropriate that Jack developed much of his early insights outside academia, while working as a consultant for Arthur D. Little & Co. In later years he encouraged and supported numerous younger contributors to the field through his position as editor of the Financial Analysts Journal and through university teaching positions. It is a genuine honor for SunGard to sponsor the 2007 Financial Engineer of the Year award to Jack Treynor, in recognition of his towering contributions to financial theory and practice.â
The annual IAFE/SunGard FEOY Award, established in 1993, recognizes individual contributions to the advancement of financial engineering technology. Nominations are submitted by a nominating committee of approximately 100 people, consisting of all the IAFE governing boards. They are then reviewed in a two step process by a selection committee of 25 members, including the IAFE board of directors and senior fellows. This year's selection committee was chaired by Dr. Phelim Boyle, an IAFE senior fellow and 2005 FEOY award recipient.
Previous Award Recipients
Mr. Treynor joins a prestigious list of recipients of the IAFE/SunGard Financial Engineer of the Year Award. They include: Jim Simons, Phelim Boyle, Oldrich Alfons Vasicek, Darrell Duffie, Jonathan Ingersoll, Andrew Lo, Emanuel Derman, John Hull, John C. Cox, Robert Merton, Fischer Black, Mark Rubinstein, Stephen Ross, and Robert Jarrow. Myron Scholes received a lifetime achievement award in 2001.