Zvi Bodie is professor of finance and economics at Boston University School of Management. He holds a Ph.D. from the Massachusetts Institute of Technology and has served on the finance faculty at Harvard Business School and MIT’s Sloan School of Management. Professor Bodie has published widely on pension finance and investment strategy in leading professional journals. His books include Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals and Foundations of Pension Finance. Professor Bodie is a managing director of Integrated Finance Limited, a specialized investment bank and financial engineering company. He is also a member of the Advisory Board of the Pension Research Council.

Alex Kane is professor of finance and economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has been visiting professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and research associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kane’s research is mainly in corporate finance, portfolio management, and capital markets, most recently in the measurement of market volatility and pricing of options.

Alan Marcus is professor of finance in the Wallace E. Carroll School of Management at Boston College. He received his Ph.D. in economics from MIT. Professor Marcus has been a visiting professor at the Athens Laboratory of Business Administration and at MIT’s Sloan School of Management and has served as a research associate at the National Bureau of Economic Research. Professor Marcus has published widely in the fields of capital markets and portfolio management. His consulting work has ranged from new product development to provision of expert testimony in utility rate proceedings. He also spent 2 years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk. He currently serves on the Research Foundation Advisory Board of the Association for Investment Management and Research (AIMR).

Pitabas Mohanty, Professor, XLRI, Jamshedpur, is a Fellow of the Indian Institute of Management Bangalore. A Gold Medallist in MA (Applied Economics) he is also a Chartered Financial Analyst and a cost accountant. He has got more than nine years of teaching experience in Investments and Corporate Finance. He is actively into research in corporate finance and investments with many publications in books and refereed journals. He has also consulted a few companies in valuation of companies. He won the Best Young Teacher Award from AIMS in 2002. He got the first prize in two consecutive years in the Capital Markets Conference organized by the UTI Institute of Capital Markets. He also got the prestigious Citibank Research Excellence Award in IIM Bangalore. He has got the Best Research Paper Award from AIMS in 1999.