Sad News -- Steve Ross Passes Away

Date Posted: March 05, 2017

AFA News

We are very saddened to report that Steve Ross, one of the preeminent financial economists of our time, died suddenly March 3rd of a heart attack at his home in Connecticut. Steve was a past president of the AFA, an inaugural Fellow of the AFA, and recipient of the AFA/Morgan Stanley Award for Excellence in Finance. Most recently, he was Franco Modigliani Professor of Financial Economics at the MIT Sloan School of Management and a Research Associate at the National Bureau of Economic Research. Prior to joining the MIT faculty, he taught at Yale and the University of Pennsylvania. He received his undergraduate degree from Caltech and his Ph.D. from Harvard. Steve is known for many fundamental contributions to finance, including the development of Arbitrage Pricing Theory, derivatives pricing and agency theory. He is also known for his many students who have gone on to make important contributions to finance. In 2006, the Foundation for the Advancement of Research in Financial Economics was established by many of Steve’s former students and friends to “celebrate the influence he has had on financial economics and on their lives.” He will be missed by the many in our field he touched with his intellectual contributions, mentorship and friendship.

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