Professor Timothy Falcon Crack is a Professor Emeritus of Finance. He joined the department as a chaired full professor in 2004, and retired in 2021. He maintains an office at the University of Otago and continues to mentor junior faculty and to meet with students.
Professor Crack did PhD coursework at MIT and Harvard, and graduated with a PhD in Financial Economics from MIT. He holds degrees in Mathematics (with a lot of Statistics), Finance, and Financial Economics, and a diploma in Accounting/Finance. He also holds the Investment Management Certificate from the UK Society of Investment Professionals.
Professor Crack has worked as an independent consultant to the New York Stock Exchange and to a foreign government body investigating wrongdoing in the financial markets. His most recent practitioner job was as the head of quantitative active equity research for the UK and Continental Europe in the London office of what was the world's largest institutional asset manager. He also taught undergraduate, MBA, and PhD courses at Indiana University's Kelley School of Business. He has won six university teaching awards and been nominated for at least five others.
Professor Crack has supervised or co‑supervised more than a dozen graduate students, including at least a half-dozen PhDs.
Empirical capital markets
Quantitative active equity trading strategies
Job interview techniques for finance practitioners and academics
Mathematics, statistics and finance pedagogy
Journal articles and books
Professor Crack has published in the top academic journal in Finance (The Journal of Finance), the top practitioner-oriented journals in Finance (The Financial Analysts Journal and The Journal of Futures Markets), and the top pedagogical journal in Finance (The Journal of Financial Education). He has also published in what was the top interdisciplinary Business journal (The Journal of Business). He has also published in Physica A, Accounting and Finance, and a half-dozen other journals.