Faculty Profile: Allan Timmermann
Passionate about all things econ, Rady Finance Professor Allan Timmermann (Atkinson/Epstein Endowed Chair) pursues opportunities that have real-world implications. That enthusiasm directed him into a long academic history within UC San Diego and the Rady School.
Timmermann obtained his Ph.D. from the University of Cambridge and began his teaching career as a lecturer in Financial Economics at Birkbeck College at the University of London. Timmermann's time with UC San Diego began in 1994 as an Assistant Professor of Economics. He steadily moved up in the Economics department until he became a Professor of Economics in 2001, the same year he joined the Management School Committee. He was recently appointed to the Model Validation Council of the Federal Reserve Board and also serves as an Associate Editor on leading journals in financial economics and econometrics.
While he recalls the Rady School's humble beginnings as a "couple of old barracks" in the central UC San Diego campus, he said that the progress of the school and construction of the state-of-the-art Rady School campus has "been amazing to follow." Although Timmermann actively researches a plethora of topics, he finds each and every one uniquely fascinating. One such topic includes understanding networks among fund managers. This research seeks to understand how a network forms and how a fund manager's position within that network may be conducive for future performance. Apart from this, Timmermann is also currently co-authoring a book with a fellow colleague from the UC San Diego Economics department encompassing the topics of forecasting and methods. The book will delve into how to select a good forecasting model, estimate its parameters, evaluate its value and compare its predictive accuracy to other models.
As a professor, Timmermann cultivates a collaborative space for his students, allowing them to bring in practical examples and provide necessary feedback. He aims to make sure students get hands on experience with practical data, since according to him the "big data revolution has come to stay" and he believes it's important that students get the insight and abilities to analyze these new types of data.
Timmermann's newest venture, aside from his current teaching duties with MBA students, will be to launch Rady's new Master of Finance program along with seven other Rady School finance faculty members.
When he's not busy with research and teaching, Timmermann enjoys exercising, running half-marathons, taking yoga classes and enjoying the nice San Diego weather.