Manuel Tarrazo, Professor of Finance, teaches
graduate and undergraduate classes in corporate finance and
investment management. His widely published research focuses on
applying emerging methodologies to portfolio optimization and
corporate financial planning. As a prolific writer and noted
lecturer, Dr. Tarrazo has brought visionary mathematical concepts
to bear on a wide range of business decision making practices.
Professor Tarrazo's career has embraced a challenge
faced in today's information rich environment: how to
rationalize financial decision making, minimizing uncertainty, when
confronted with overwhelming and often conflicting data sources.
Applying visionary mathematical methodologies to complex
statistical problems, his research and extensive publications are
providing answers to such real world imperatives as which
securities should be considered first and whether equity merits
investment in the first place. Dr. Tarrazo has made thirty-eight
professional presentations, earning two "Best Study in Finance" and
one "Best Interdisciplinary Study" awards.
Dr. Tarrazo has demonstrated the power of sophisticated
heuristics (mental short cuts), such as "fuzzy optimization," to
provide answers to a myriad of investment dilemmas. He believes
that such decision support technologies have an important role to
play in almost every aspect of human society.
A native of Spain, where he obtained a Licenciado at the
Universidad Complutense de Madrid, Professor Tarrazo appreciates
the tremendous cultural (not to mention culinary) diversity of the
Bay Area. And following a sojourn in upstate New York, where he
received his Ph.D. from the State University of New York at Albany,
he finds the Bay Area's weather as conducive to a full
life as Southern Europe's.
Ph.D., Economics and Finance, State University of New York, Albany, NY, 1993
M.A., Economics, State University of New York, Albany, NY, 1985
Licenciado, Economics (with concentration in Business and Public Finance), Universidad Complutense de Madrid, Spain, 1981
- The following courses represent the last 3 years of teaching and do not represent the current course offerings.
- BUS 305: Financial Management
- BUS 330: Investment Analysis
- BUS 495: Honors: Finance
- MBA 6212: Portfolio Investing In Bay Area Firms
The following list is a selection of recent publications and
does not represent the entire body of research.
versus Tangent Portfolios - a Comment," Journal of Asset
Management, 13, pp. 186-195, 2012 (with Ricardo Ubeda)
Analysis of Optimal Portfolios," Advances in Investment Analysis
and Portfolio Management, Vol. 4, pp. 113-152, 2010
and Regressions," The Journal of Financial Education, Vol. 35, 2009
"Identifying Securities to Buy: the heuristic ri/stdi,"Research in
Finance, Vol. 25, 2009
"Positive Optimal Weights on the EfficientFrontier: Conditions, Causes, and Implications,"The
International Journal of Finance, Vol. 20, No. 2, 2008
Honors and Awards
Award, USF School of Management, 1998, 2009
Award, USF School of Management, 2005
Editorial Board Member,
Technological Horizons in Education, 1995 - 2000
Undergraduate Program Committee, USF, 2009 - 2011