Date: 2008-05-12
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Ann Lee, an authority on financial markets, financial consultant and former partner at multibillion-dollar hedge fund firms who often has appeared on national television, is adjunct finance professor at Pace University’s Lubin School of Business in New York.
(Media-Newswire.com) - Ann Lee, an authority on financial markets, financial consultant and former partner at multibillion-dollar hedge fund firms who often has appeared on national television, is adjunct finance professor at Pace University’s Lubin School of Business in New York.
Professor Lee is available to comment on Treasury Secretary Henry Paulson’s view that U.S. financial markets are emerging from the credit crunch and that the worst is likely to be behind us.
“This is more positive spin from Paulson and company,” says Professor Lee. “There is perception, and there is reality. The reality is not much has improved. Just because the media aren’t talking about it as much doesn’t mean that the problem is gone.
“Right now, there is a lull because the multinational banks and broker dealers have not marked to market their AAA holdings; they have only written down their equity tranches. If these banks properly marked these larger holdings to current valuations, they would probably all be insolvent right now, and we would be right back to where we were in March.”
Before coming to Pace University, Lee was founder and head of the Directional Fixed Income Fund at Ritchie Capital Management; a partner and portfolio manager at Forest Investment Management; and a portfolio manager at Symphony Asset Management/John Nuveen & Co. She was a Committee on Economic Development task force member on financial markets headed by former SEC Chairman Bill Donaldson, and a writer for former SEC Chairman Arthur Levitt.
Lee was educated at the University of California-Berkeley, Princeton and Harvard. She teaches courses in Corporate Finance, Managerial Finance, and Contemporary Topics in International Finance at Pace’s Lubin School of Business. She also taught fixed income finance to graduate students in Mandarin as a visiting professor at Peking University in Beijing, China. She has appeared on CNN, CNBC, Bloomberg, Fox, and Al Jazeera.
Phone: 917-693-0520 (cell); e-mail: alee@pace.edu
The Lubin School of Business is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than 3% of business schools worldwide. With a tradition of practice-oriented curricula, the school has achieved national recognition for both its graduate and undergraduate programs in U.S.News & World Report and other media. Approximately 4,000 students are enrolled in Lubin’s undergraduate, graduate and professional degree programs in Downtown and Midtown New York City, and Pleasantville and White Plains in Westchester. Prominent alumni include Melvin Karmazin, CEO, Sirius Satellite Radio; James Quinn, president, Tiffany & Co.; Ivan Seidenberg, chairman and CEO, Verizon; Marie Toulantis, CEO, Barnes&Noble.com; and Richard Zannino, former-CEO, Dow Jones & Company. www.pace.edu/lubin.
For 101 years Pace University has combined exceptional academics with professional experiences and the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu