Dr Pirrong is Professor of Finance, and Energy Markets Director for the Global Energy Management Institute at the Bauer College of Business of the University of Houston. He was previously Watson Family Professor of Commodity and Financial Risk Management at Oklahoma State University, and a faculty member at the University of Michigan, the University of Chicago, and Washington University. Professor Pirrong's research focuses on the organization of financial exchanges, derivatives clearing, competition between exchanges, commodity markets, derivatives market manipulation, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. He has published 30 articles in professional publications, is the author of three books, and has consulted widely, primarily on commodity and market manipulation-related issues. He holds a Ph.D. in business economics from the University of Chicago.
Former bank executive and banking industry consultant in the fields of risk management, capital budgeting, risk-adjusted profitabililty analysis (economic value), risk-based pricing for commercial credits. Other finance industry activities involved peer-based analysis of risk adjusted overall profit performance, cost and profit breakdowns by major line of business, and comparative strategic strengths and threats in the balance sheet, credit risk regimen and management approach. Now mostly retired, performing occasional assignments for past clients.
My investment focus is statistical arbitrage and commodities, especially oil. I have a Ph.D. in computer science, and I have written several software packages and papers relating to quantitative finance.
Try my new iPhone app for providing quotes on pairs trades: