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Sandy Leeds - The University of Texas at Austin, McCombs School of Business. Austin, TX, US

Sandy Leeds Sandy Leeds

Distinguished Senior Lecturer, Department of Finance | The University of Texas at Austin, McCombs School of Business


Capital markets, investment strategy, corporate finance and the economy


Areas of Expertise (10)

Capital Markets Investment Management Mba Investment Fund Venture Capital U.S. Financial Policy Federal Reserve Financial Fraud Derivatives Money Management Macroeconomics


Sanford J. (Sandy) Leeds, CFA is a lawyer and money manager, and the director of the student-run MBA Investment Fund at the McCombs School of Business, The University of Texas at Austin. He is a popular lecturer, speaker and writer on topics involving investments, the economy and public policy. He tends to keep a particularly close eye on the Federal Reserve.

Leeds is a distinguished senior lecturer at the school of business, and teaches graduate-level courses, including Corporate Finance, Advanced Corporate Finance, Investments, and Portfolio Management/Security Analysis. He is a member of the Texas State Bar, and holds the Chartered Financial Analyst designation.

Before he joined the faculty, Sandy managed money for a private money management firm. He was one of four portfolio managers responsible for approximately $1.6 billion of assets. He analyzed publicly-traded companies, and has extensive experience implementing option strategies.

Sandy also has significant legal experience, having conducted approximately 100 jury trials and 100 bench trials. He has participated in the regulation of the securities industry, conducting the hearing against most of the principals involved in the Sterling Foster case (a $75 million fraud). He has also advised attorneys on financial related litigation involving options, hedge fund, and other matters.

Sandy Leeds is an experienced executive education teacher in the Texas Executive MBA program in Dallas, as well as in international general management programs. He has received numerous awards for teaching excellence.





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Education (3)

The University of Texas Graduate School of Business: MBA., Finance 1995

Dean’s Award for Academic Excellence - GPA 4.0

University of Virginia School of Law: J.D., Law 1989

Virginia Tax Review, Editorial Board; National Mock Trial Team

University of Alabama: B.Sc., Investment Analysis 1986

Summa Cum Laude

Media Appearances (10)

Is the Fed Preparing for the Fiscal Cliff?

Houston Chronicle  online


“It has to get very old for the members of the FOMC to listen to members of Congress talk about auditing the Fed and question Fed policy,” said Sandy Leeds.

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Waiting For That Thank You Note for Our Stealth Bank Bailout

Houston Chronicle  online


"You hurt those people who have done everything right," Leeds said. "They worked hard, saved their money and hoped to pay for retirement with interest."

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Will More Fed Forecasting Help the Economy?

Houston Chronicle  online


Fed watcher Sandy Leeds said he thinks the Fed may be less concerned with transparency and more concerned with lowering expectations about monetary policy.

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The Deficit Dilemma

Know  online


“That’s what it needs to add up to immediately, and it needs to be lasting,” says Leeds. “If we can keep our debt-to-GDP ratio constant over 75 years, it would be an amazing feat.”

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Fed Shoots Blanks As Worries Rise

Houston Chronicle  online


"We're expecting the Fed to do something that is impossible," said Fed watcher Sandy Leeds. "They don't have the tools to solve this problem. Monetary policy isn't really going to solve the problems that we're in."

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Perry's Swagger on Bernanke May Raise Doubts Beyond Texas

Bloomberg Businessweek  online


Leeds called Perry’s remark “completely inappropriate” and argued that the Fed’s recent policy has helped Texas. “If anything, quantitative easing pushed money into risky assets such as oil and this has helped Texas,” he said.

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Will Egypt Rock Our Economy?

The Daily Beast  online


"Higher oil prices could result in inflation and this could result in some developing countries trying to slow their economies," says Sandy Leeds, a former money manager and now a professor of finance at the University of Texas at Austin.

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Insider Trading Probe Aims at Hedge Funds That Pay for Information

Austin American-Statesman  online


Sandy Leeds, a senior lecturer in finance at McCombs, said Longoria and Devore appear to be smaller fish in a much larger investigation that will be linked to hedge funds.

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UTIMCO Move Into Gold a Warning : Market Headed for a Fall?

Houston Chronicle  print


Op-ed by Sandy Leeds. We never know the entire reason that smart money moves into a particular investment. But one possible reason for this investment should worry all of us — a U.S. debt crisis.

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Chew On This: There Is No Surplus Fairy for Social Security

Austin American-Statesman  print


Op-ed written by Sandy Leeds. Too many Americans are horribly uneducated when it comes to our government's finances and our eventual debt crisis.

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Sample Talks (2)

Numbers All Americans Should Know

This presentation focuses on many of the fiscal and economic numbers that you should be familiar with in order to participate in the political and economic discussions that will continue to take place well into the foreseeable future. We'll discuss debt, social security, health care, disability insurance, employment and other issues.

Sandy Leeds' 30+ Ideas from the Real World

Breaking his typical pattern of what he admitted could be classified as an “anal-retentive” organizational system, Sandy Leeds, McCombs finance department senior lecturer, covered a wide array of current financial and economic topics at the Alumni Business Conference.



  • Keynote
  • Host/MC

Articles (1)

Analyzing a Bank's Financial Statements Palo Alto Investors


70-page primer.

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