Managing Director, Head of Equities
has over 28 years of investment experience and manages long-only equities at Gramercy (including a global equity strategy and an emerging markets equity strategy) utilizing the Global Optimization Strategy, a strategy that he
co-developed with Dr. Harry Markowitz and has managed since its inception in August 1997.
Additionally, Dr. Tessitore is a member of the Investment Committee and the Asset Allocation Committee.
Prior to joining Gramercy in July 2005, Dr. Tessitore was a Fund Manager at City of London Investment Management.
From 1995 to 2000 he was the Associate Director of Research at Daiwa Securities Trust Company.
Prior to that, Dr. Tessitore was a Graduate Faculty Member in Finance at Rutgers Graduate School of Management.
has given numerous conference presentations on theory and practice of portfolio selection and most recently at the 2010 Quantitative Methods in Finance Conference in Sydney.
publications in closed-end funds and other areas of finance have appeared in journals such as Mathematical Finance
, Financial Analysts Journal
, Journal of Investing and Global Finance Journal
Dr. Tessitore obtained a Ph.D. in Finance from Baruch College and the Graduate Center of the City University of New York.
Additionally, he received a B.Sc. in Physics from the State University of New York at Stony Brook.