S. Michael Sury
Lecturer, Department of Finance | The University of Texas at Austin, McCombs School of Business
Austin, TX, UNITED STATES
Economics, monetary policy, interest rates, stock markets, risk management, investment management, financial regulations, asset management.
Areas of Expertise (14)
Asset Management
Financial Literacy
Investment Management
Market Volatility
Stock Markets
Global Political Economy
Capital Markets
US Economy
Monetary Policy
Hedge Funds
Risk Management
Financial Regulations
Interest Rates
Indexes
Biography
Professor Sury is a lecturer in the Department of Finance at The University of Texas at Austin. He has also served as a finance lecturer at San Diego State University, a full-time dean's executive professor of finance at Santa Clara University, and as a visiting scholar and adjunct professor of economics at the University of California.
Sury has received numerous teaching and scholarly accolades, including the DePaul University Seiden Award, Santa Clara University's ACE Outstanding Faculty Award, and the Leavey School of Business Extraordinary Faculty Award. He also served as principal faculty advisor for Santa Clara University's delegation to the California Venture Capital Investment Competition, which won the highly coveted Entrepreneur's Choice Award in 2011.
Sury is a founding member and principal sponsor of SIFIRM and Chairman of INDORUS Holdings LP. In the past, he has served as a trusted advisor to some of the nation's wealthiest family groups, sovereign and government entities, and private organizations. Furthermore, he has also previously built and led a nationally top-ranked multi-billion dollar wealth management firm while serving as Vice President at Goldman, Sachs, & Co.
Sury has been appointed as an executive advisor or board member for the University of California's proposed School of Management (Silicon Valley), Chicago’s Arditti Center for Risk Management, the Sury Initiative for Global Finance and International Risk Management (SIGFIRM) at UC Santa Cruz, Opal’s Wealth Management Forums, and the UCSC Center for International Economics.
He is often an invited speaker for agencies of the US Government, Opal Financial Forums, the CFA Institute, CIO Summits, Financial Research Associates, Wilson Family Office Summits, QuantInvest, Wealth Management Forum, Int'l Private Banking, Terrapinn, and the University of Chicago.
Sury's research on the optimization of traditional and alternative investments is featured in the highly acclaimed anthology, "Essential Readings in Applied Financial Economics."
Sury also attended the rigorous San Jose Police Academy prior to graduate school.
Media
Publications:
Documents:
Videos:
Audio/Podcasts:
Education (2)
University of Chicago: M.B.A., Finance & Statistics 1995
University of California, Santa Cruz: B.A., Economics 1992
Media Appearances (15)
How Shorter Duration Can Protect Your Bonds
U.S. News & World Report online
2018-04-23
One valuable strategy is to match duration to anticipated spending, says S. Michael Sury, lecturer in the Department of Finance at the University of Texas at Austin. If you'll need cash for a new car in three years, the bond holding could be adjusted to a three-year duration.
Become a More Competitive MBA Applicant
U.S. News & World Report online
2017-12-26
Michael Sury, a lecturer of finance with the McCombs School of Business at The University of Texas at Austin encourages applicants to branch outside of their ordinary work duties and tackle projects that allow them to cultivate new skills.
The Best Small Business Loans of 2017
U.S. News & World Report online
2017-12-22
It’s important to carefully read the fine print of loan agreements, says Sury. “In some situations, small businesses may be given loans, but these loans come with such restrictive terms on what it can be spent on, what ongoing reports must be made to the lender, and what activities can or cannot be done, that it makes the relationship untenable.”
Navigating the brave new world of cybersecurity investing
CNBC online
2017-11-15
How long the cyber market will be on the up and up is hard to say, since there are now many firms and parts that aren't quite yet working together to create a cohesive or uniform solution. The biggest issue that I hear today from these investors is that of standards. Security protocols don't yet have an industry-wide standard that companies can rely upon.
How Investors End Up Being Tactically Wrong
U.S. News & World Report online
2017-11-07
Markets change all the time and may produce significant imbalances that a savvy investor might exploit, says S. Michael Sury, a finance lecturer at The University of Texas at Austin.
Borrowing to Invest is Risky Business
U.S. News & World Report online
2017-10-06
"The single biggest issue in this analysis is the fact that borrowing costs are certain, while investment returns are uncertain," adds S. Michael Sury, a lecturer of finance at The University of Texas at Austin.
Value Averaging: An Investing Strategy to Avoid
U.S. News & World Report online
2017-09-26
In this way, value averaging guides investors to "add more in markets that have declined and add less - or even substract - in markets that have run up," says S. Michael Sury, a finance lecturer at the University of Texas at Austin.
Is the Treynor Ratio For You and Your Money?
U.S. News & World Report online
2017-09-25
Another misuse woudld assume a high Treynor ratio means the fund is good, says S. Michael Sury, lecturer in finance at the University of Texas at Austin. The ratio is not an absolute measire of fund quality but a way of comparing one fund to others, he says. "Treynot ratio does have some drawbacks," he adds. "Importantly, by definition, it is a backward-looking ratio. Thus, it tends to be more useful for its evaluative - rather than its predictive - power."
What to Do When Your Index Fund Changes
U.S. News & World Report online
2017-09-13
S. Michael Sury, lecturer in finance at the University of Texas at Austin, says investors should look carefully at the fund firm's reasoning. If it's switching to a benchmark that better suits the fund's goals, fine. If the change, or series of changes, is a reach for better performance, that's a kind of active management by stealth, and that's not OK.
US Stock Market Update: Word on the Street
Forbes online
2015-08-26
“Today's selloff in the US markets has come on the heels of fairly complacent markets. Indeed, the volatility index (VIX) was trading at just over 12 at the end of July. Such a reading is a typically low value for the index; and many market technicians consider it a sign of a market top. In fact, the VIX has steadily increased over the past 2 weeks as fears of China's troubles began to grow – reaching an apex of over 53 this morning,” Sury wrote on Monday.
Trump rails about trade deficits with specific countries, but they aren't actually bad
Dallas Morning News online
2018-06-14
President Trump has been promoting the politically charged narrative that the U.S. trade deficit is a direct result of the rest of the world treating us "unfairly."
5 Best and Fast Small-Business Loans (Some of Which You've Never Heard of)
Entrepreneur online
2018-06-19
“Just because capital can be borrowed doesn't mean that it should be,” S. Michael Sury, lecturer of finance at the University of Texas at Austin, told U.S. News & World Report.
Covered Calls Are Attractive in a Flat Market
U.S. News and World Report online
2018-07-02
"Investors who believe that their investment is unlikely to deliver robust gains can sell covered calls to exchange the uncertain upside for modest current income today," says S. Michael Sury, an investing and finance lecturer at the University of Texas at Austin. "For investors that believe that the market has topped out, this may be a way to incrementally boost portfolio yield."
Trump rails about trade deficits with specific countries, but they aren't actually bad
The Dallas Morning News online
2018-06-14
President Trump has been promoting the politically charged narrative that the U.S. trade deficit is a direct result of the rest of the world treating us "unfairly." In fact, the terms "unfair" and "trade" appear together more than a dozen times in Trump's tweets just since March. These attacks are designed to resonate with many in Trump's base who feel disenfranchised by outside forces.
How will the SCOTUS decision on online sales tax affect Texas? It’s unclear.
KVUE online
2018-06-21
Michael Sury with the University of Texas McCombs School of Business Finance Department said this ruling evens the playing field among merchants, but could create high costs for small businesses as they comply with different tax laws from all over the country.
Sample Talks (5)
FAMILY OFFICE & PRIVATE WEALTH MANAGEMENT FORUM 2017
Global Macroeconomic Outlook & Forecast: The State of the Economy
EMERGING MANAGERS SUMMIT: FORDHAM SCHOOL OF LAW
Measuring Alpha: Emerging vs. Established Managers (Data & Observations)
IMPACT INVESTING FORUM 2017
Private Equity & Impact Investing
INVESTMENT EDUCATION SYMPOSIUM 2017
New Alternative Investment Strategies: The Demand for Higher Level of Portfolio Efficiency
12TH ANNUAL INVESTMENT EDUCATION SYMPOSIUM
Current Macroeconomic Issues & Impact on Investment Decisions
Social