Sanford "Sandy" Jay Grossman (born July 21, 1953) is an American economist and hedge fund manager specializing in quantitative finance.
Grossman’s research has spanned the analysis of information in securities markets, corporate structure, property rights, and optimal dynamic risk management.
Grossman is currently Chairman and CEO of QFS Asset Management, an affiliate of which he founded in 1988.
QFS Asset Management shut down its sole remaining hedge fund in January 2014.
[3] That same year the Q-Group awarded him first prize in The Roger F. Murray Prize[4] competition for the paper “An Analysis of the Implications for Stock and Future Price Volatility of Program Trading and Dynamic Hedging Strategies.” The Editorial Board of the Financial Analysts Journal awarded him the 1988 Graham and Dodd Scroll for “Program Trading and Market Volatility: A Report on Interday Relationships.” Grossman received a Mathematical Finance 1993 Best Paper Award for his article “Optimal Investment Strategies for Controlling Drawdowns.” Grossman received the 1996 Leo Melamed Prize by the University of Chicago Graduate School of Business for outstanding scholarship by a professor.