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Edward Omberg
Curriculum Vitae

Emeritus Professor, 2007 - present

Associate and Full Professor, 1989 - 2007

Finance Department, College of Business Administration

San Diego State University

San Diego, California

Education

Ph.D in finance, UCLA, 1980

MBA, UCLA, 1973

MS in engineering, UC Berkeley, 1967

BS in engineering, Santa Clara University, 1963

Publications

Tong Kim and Edward Omberg,  Dynamic non-myopic portfolio behavior, Review of Financial Studies, Winter 1996.

Tong Kim and Edward Omberg,  Project and firm valuation, foreign-exchange exposure, and accounting methods with an option to liquidate, Advances in International Banking and Finance,Volume2, 1996.

Edward Omberg, Financial free lunches, The New Palgrave Dictionary of Money and Finance, 1992.

Edward Omberg,  On the theory of perfect hedging, Advances in Futures and Options Research,Volume5, 1991.

Edward Omberg,  The expected utility of the doubling strategy,  Journal of Finance, June 1989.

Edward Omberg,  Efficient discrete-time jump-process models in option pricing, Journal of Financial and Quantitative Analysis, June 1988.

Edward Omberg,   The valuation of American put options with exponential exercise policies,  Advances in Futures and Options Research, Volume 2, 1987.

Edward Omberg,  A note on the convergence of binomial-pricing and compound-option models,  Journal of Finance, June 1987.

Most Influential Publication

'Dynamic non-myopic portfolio behavior', Review of Financial Studies, 1996. 253 citations, according to Google Scholar, 3/14/2008. Cited 6 times in 'Strategic Asset Allocation', Oxford University Press, 2002, by John Campbell (Harvard Economics Dept.) and Luis Viceira (Harvard Business School).

Working Papers

Edward Omberg,   Non-myopic asset allocation with stochastic rates of interest,  June, 1999.

Edward Omberg,   Market regimes, regime-separating barriers, and market crashes,  November 1997.

Tong Kim, Edward Omberg, and Thomas Russell, Log-optimum and expected-utility maximizing portfolio strategies for long-horizon investors,  October 1993.

Tong Kim, Edward Omberg, and Thomas Russell, Universal vs. target portfolios: Comments on Cover's method of portfolio design, February 1993.

Reviewer

Journal of Finance

Journal of Financial and Quantitative Analysis

Review of Financial Studies

Conference Activity

American Finance Association, January 2005.  Discussant at session on Insuring Retirement

Scottish Institute for Research in Investments and Finance (SIRIF), May 2001.  Presented Asset allocation with stochastic interest rates.

Western Finance Association, June 2000. Presented Market crashes, market regimes, and regime-separating barriers.

American Finance Association, January,1996.   Discussant at session on Option Pricing.

Western Finance Association, June 1995.  Discussant at session on Option Pricing.

American Finance Association, January1995.   Discussant at session on Portfolio Management .

Western Finance Association, June 1994. Presented Dynamic non-myopic portfolio behavior. 

Western Finance Association, June 1991.  Presented Non-myopic portfolio behavior with non-logarithmic utility and a stochastic opportunity set.

Teaching Areas

Principles of finance

Advanced corporate finance

Investments

International finance

Derivatives

Financial risk management

Other Teaching

Taught international finance to Mexican bank executives in a certificate program of the Centro de Ensenanza Tecnica y Superior (CETYS) and Nacional Financiera (NAFIN), Tijuana, Mexico, 1993.

Thunderbird's (American Graduate School of International Management) Guadalajara Summer Program, 1995, 1996, 1997: basic corporate finance, advanced corporate finance, international finance and trade.

Graduate School of International Relations and Pacific Studies (IRPS), UC San Diego, Fall Quarter 1998:  investments.

Business Community Relations and Service

Co-founder of the San Diego State University Aztec Equity Fund.  The Aztec Equity Fund is a for-credit student exercise in the management of an actual portfolio. Under Tong Kim and Ed Omberg, the Aztec Equity raised funds for the student-managed investment fund, arranged for student internships at investment firms, and invited speakers to the campus from the investment community, as well as managing an equity portfolio.

Founder of the Foreign Exchange Roundtable ,a series of monthly meetings of Northern California corporate executives to discuss issues and problems in international financial management. The meetings are conducted over lunch in the faculty club at Santa Clara University.  Participants included Apple Computer, Amdahl, Convergent Technologies, Quantum, National Semiconductor, Varian Associates, Advanced Micro Devices, Fairchild Semiconductor, Spectra Physics, Raychem, and others.

Previous Positions

Assistant Professor, Finance Department (1982-1989)

Leavey School of Business

Santa Clara University

Santa Clara, California

Acting Assistant Professor and Assistant Professor (1978-1982)

Graduate School of Management

University of California, Riverside

Riverside, California

Teaching and Research Assistant (1971-1978)

Graduate School of Management

UCLA

Los Angeles, California

Engineer, Information Sciences Department (1967-1971)

TRW Systems

Redondo Beach, California

Lecturer in engineering (Peace Corps Volunteer) (1964-1966)

Accra Polytechnic

Accra, Ghana