Finance & Economics

Full Professor, Aix-Marseille University, Affiliate Professor Kedge Business School

Philippe Bertrand is an Adjunct Professor of Finance at KEDGE Business School since 2009 and a Full Professor of Finance at IAE Aix-en Provence. He is also a member of the CERGAM Research Center and a member of Aix-Marseille School of Economics. He was formerly the head of the Financial Engineering of CCF Capital Management. He holds a Ph.D. in Mathematical Economics form Ecole des Hautes Etudes en Sciences Sociales and the "Habilitation à Diriger des Recherches" from Université Paris-Dauphine. Philippe Bertrand's research interests involve portfolio management, risk and performance evaluation, portfolio insurance as well as financial structured products. He has published numerous articles in scientific journals such as Journal of Banking and Finance, Finance, Geneva Risk and Insurance Review, Financial Analysts Journal, Journal of Asset Management.
He is currently the executive president of the French Finance Association (AFFI) and served as a co-editor in chief of "Bankers, Markets & Investors". He has chaired the 31st Spring International Conference of the French Finance Association held at IAE AIX, May 20-21, 2014.

    Recent publications
    Publication Year of publication Type of publication
    Bertrand, P. & Prigent, J.L. (2016),“Extreme Value theory applied to Portfolio Insurance” in Extreme value theory: applications in finance and insurance edited by François Longin, Wiley Forthcoming 2016. 2016 Chapter
    Bertrand, P. & Prigent, J.L. (2016) Equilibrium of financial derivative markets under portfolio insurance constraints. Economic Modelling, Volume 52, Part A, Pages 278-291 (January 2016) 2016 Refereed Article
    Bertrand, P. & Prigent, J.L. (2015), “On Path-Dependent Structured Funds: Complexity Does Not Always Pay (Asian versus Average Performance Funds)” Finance, n°1, vol 37. 2015 Refereed Article
    Bertrand, P. & V. Lapointe, “Risk-based strategies: the social responsibility of investment universes does matter”, Annals of Operations Research, forthcoming 2016, pp 1–17, available online 09 December 2015 ( DOI 10.1007/s10479-015-2081-4 2016 Refereed Article
    Bertrand, P. & Lapointe, V. (2014) How performance of risk-based strategies is modified by socially responsible investment universe? International Review of Financial Analysis, Vol. 38, 175-190. 2015 Refereed Article
    Bertrand, P. (2015) Risk Attribution Analysis. In Kent Baker, H. & Filbeck, G. (Eds.) Investment Risk Management (pp. 387-406). New York: Oxford University Press. 2015 Chapter
    Bertrand, P. & Prigent, J.L. (2015) French Retail Financial Structured Products: A Typology and Assessment of Their Fair Pricing. Bankers, Markets & Investors, No. 135, 4-18. 2015 Refereed Article
    Bertrand, P., Guyot, A., & Lapointe, V. (2014) Raising Companies' Profile with Corporate Social Performance. Variation in Investor Recognition and Liquidity Linked to VIGEO CSP Rating Disclosures. Bankers, Markets & Investors, No. 130, 41-55. 2014 Refereed Article
    Bertrand, P. & Prigent, J.L. (2013) Analysis and Comparison of Leveraged ETFs and CPPI-type Leveraged Strategies. Finance, Vol. 34, No. 1, 73-116. 2013 Refereed Article
    Bertrand, P. (2012). Régime de retraite complémentaire Préfon : les fonctionnaires ont-ils vraiment intérêt à cotiser ? Economie Publique, No. 22-23, Vol. 1-2, 219-242. 2012 Refereed Article
    Bertrand, P., & Prigent, J.L. (2012). Bertrand, P., & Prigent, J.L. (2012). Gestion de Portefeuille, Analyse Quantitative et Gestion Structurée. Paris: Economica. 2012 Book
    Bertrand, P. & Prigent, J-L (2010) Omega performance measure and portfolio insurance Journal of Banking & Finance 35(2011) 1811-1823 2010 Refereed Article
    Bertrand, P., & Prigent, J.L. (2010). A note on risk aversion, prudence and portfolio insurance. Geneva Risk and Insurance Review doi:10.1057/grir.2009.8 2010 Refereed Article
    Bertrand, P. (2009). Quelques éléments sur la crise des crédits "subprimes" et la crise de liquidité de 2007 ? In B. Pras (Ed.), Management - Tensions d'aujourd'hui (pp.225-233). Paris: Vuibert. 2009 Chapter
    Bertrand, P., & Protopopescu, C. (2010). The Statistics of the information ratio. International Journal of Business 15-1,71-86. 2010 Refereed Article
    Bertrand, P. (2010). Another Look at Portfolio Optimization under Tracking-Error Constraint. Financial Analysts Journal, 66-3, 78-90. 2010 Refereed Article
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