Managing Director, Head of Equities
has 30 years of investment experience and manages equities at Gramercy
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.
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.