Keynote Speakers



Bauer College of Business
University of Houston, Texas

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Dr. Pirrong previously was the Watson Family Professor of Commodity and Financial Risk Management, and Associate Professor of Finance at Oklahoma State University. He joined the faculty of the Bauer College of Business at the University of Houston as Professor of Finance and the Energy Markets Director for Gutierrez Energy Management Institute in January, 2003. He has also served on the faculty of the University of Michigan Business School, the Graduate School of Business of the University of Chicago, and the Olin School of Business of Washington University in St. Louis. He holds a Ph.D. in business economics from the University of Chicago. Professor Pirrong's research focuses on the economics of commodity markets, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. His recent research is concentrated on the power markets. He has created a power derivatives pricing model that links observable fundamentals (e.g., temperature, loads) to power derivatives prices. Professor Pirrong has also published extensively on the economics of financial exchanges. He has published 30 articles in professional publications and is the author of three books. Professor Pirrong has consulted widely. His clients have included electric utilities, major commodity processors and consumers, and commodity exchanges around the world.




Anderson School of Management
University of California, Los Angeles

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During Professor Eduardo Schwartz’ nearly 30 years at UCLA Anderson, he has authored well over 100 papers, publications whose quality is matched only by the wide variety of subjects he has studied. An expert in various dimensions of asset and securities pricing, Schwartz has at various times focused on pricing internet companies, interest rate models, asset allocation issues, evaluating natural resource investments, the stochastic behavior of commodity prices and valuing patent-protected R&D projects. His collected works include more 100 than articles in finance and economic journals, two monographs and a large number of monograph chapters, conference proceedings and special reports.

“I move on, I change,” Schwartz says. “I started on derivatives, then did work with interest rate models, credit risk models and, more recently, commodity models and real options, the application of option concepts to value projects and companies.” Schwartz’ newest paper veers into environmental economics, a look at optimal carbon abatement.

He is among the first researchers to develop the real options method of pricing investments under uncertainty. He is co-editor, with Lenos Trigeorgis of the University of Cyprus, on the book Real Options and Investment Under Uncertainty (MIT, 2001), a compilation of recent papers and classic research in the field. “I began my academic career with a degree in engineering,” says Schwartz, who earned his bachelor’s degree in his native Chile. “My work since has been rooted in mathematical modeling and an interest in stochastic modeling and uncertainty.”

In 2015, Schwartz was named International Association for Quantitative Finance (IAQF)/SunGard Financial Engineer of the Year in recognition of his individual contributions to the advancement of quantitative finance.

Schwartz is the winner of a number of awards for both teaching excellence and the quality of his published work. He has served as associate editor for more than a dozen journals, including Journal of Finance, Journal of Financial Economics and Journal of Financial and Quantitative Analysis. He is a former president of the Western Finance Association and the American Finance Association. He is a fellow of the American Finance Association and the Financial Management Association International. He is also a research associate of the National Bureau of Economic Research.

Schwartz was awarded a Doctor Honoris Causa by the University of Alicante in Spain and by the Copenhagen Business School. He also received the 2000 Graham and Dodd Award for his paper “Rational Pricing of Internet Companies,” published in the Financial Analysts Journal. He has been a consultant to governmental agencies, banks, investment banks and industrial corporations.