Robert Michaud is chief investment officer at New Frontier Advisors and is the co-holder of four U.S. patents in portfolio optimization and asset management. He holds a master’s in mathematics from Boston University, and pursued a Ph.D. in finance from the Anderson School of Management at the University of California, Los Angeles before joining New Frontier. Michaud’s research interests include portfolio theory, risk models, empirical asset pricing and international finance. He is co-author of Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation (2nd ed., Oxford University Press, 2008) and research articles in refereed journals.