Leonard Lundstrum





  • Ph.D., Indiana University, Finance
  • M.S., University of Illinois at Urbana-Champaign, Finance
  • B.S., Northern Illinois University, Finance and Accounting


Leonard Lundstrum, Ph.D. finance with minors in mathematics and in econometrics, Indiana University-Bloomington, FRM; professor of Finance. He teaches international business finance, risk management, derivatives and managerial finance and publishes research in these same areas. He previously worked in private equity at a merchant bank, participating in the analysis and screening of potential transactions (NPV/IRR) on five continents, book-running and structuring debt tranches, parametrizing currency swaps, and the writing and presentation of investment proposals to executive credit committee. He also worked in strategic planning at a Fortune 500 firm, developing a new business proposal, developing a performance analysis framework to evaluate managers and estimating the cost of equity on exotic securities. As a graduate student at Illinois, he led Executive MBA exam review sessions and also did analysis for an economic consultant. As a Ph.D. student at Indiana, he served as a research design/statistical consultant for both faculty and Ph.D. students outside the business school. He has also served as a rate-of-return consultant—developing an analytic framework for the prudent investor using VaR. Author of numerous refereed publications in corporate and investment finance. Presenter at professional meetings. He has also taught at Indiana University-Bloomington, North Carolina State and at the University of Illinois at Urbana-Champaign.

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