 Dr.
      Luis Ferruz obtained a Degree in Economics and Business Studies
      from the University of Zaragoza (Spain) in June 1981, including
      a graduate exam in July that same year.  He studied this degree
      course from 1976 to 1981, which culminated with the Final Degree
      Award.
Dr.
      Luis Ferruz obtained a Degree in Economics and Business Studies
      from the University of Zaragoza (Spain) in June 1981, including
      a graduate exam in July that same year.  He studied this degree
      course from 1976 to 1981, which culminated with the Final Degree
      Award. 
      In 1987 Dr. Luis Ferruz, earned his Ph. D. in Financial Economics
      at the Faculty of Economics and Business Studies, University
      of Zaragoza. He is a full time professor in this University.
      He has given seminars at MBA and Ph. D. levels in several Spanish
      Business Schools. He has supervised six Doctoral Theses, three
      of them with Extraordinary Award in the Macro-area of Social
      Science.  
      Dr. Ferruz was appointed as
      PhD "Merton H. Miller" Doctoral Students Seminar Tutor
      at the European Financial Management Association 2006 annual
      meeting. His research interests include Financial Risk Management,
      Portfolio Management, Behavioural Finance, Performance Persistence
      and Style Analysis, specially applied to Investment Funds and
      Pension Funds.
      He has published a large number
      of papers in the most important Spanish financial reviews and
      journals. He has also published in relevant international journals
      such as Omega, The International Journal of Management Science
      (JCR); Applied Economic Letters (JCR); El Trimestre Económico
      (JCR); Geneva Papers of Risk and Insurance (JCR); Review of Quantitative
      Finance and Accounting (JQL);  Applied Financial Economics (JQL);
      Applied Financial Economic Letters; Journal of Asset Management;
      Pensions: An International Journal; Journal of Pension Economics
      and Finance;  Frontiers in Finance and Economics; Advances in
      Investment Analysis and Portfolio Management; Advances in Financial
      Planning and Forecasting; Review of Pacific Basin Financial Markets
      and Policies, and European Review of Economics and Finance,
      among others. 
      He is a blind referee for several
      important Spanish finance and economics journals and also at
      an international level. 
      Dr. Ferruz is the Scientific
      Director of the consolidated finance research group called GIECOFIN.
      He created and was Director during 9 non interrupted editions
      (1998-2007) of one of the more prestigious specialized courses
      in Finance Advising offered by the University of Zaragoza. As
      practitioner, he was Financial Analyst and Financial Supervisor
      of General Motors Spain from 1981 to 1985 with great evaluation
      and consideration of his performance by the Top Financial Management
      of the Multinational Firm.