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Robert B. Noah, Ph.D. is a founding partner of Cambridge Finance Partners, LLC. Dr. Noah has a decade of consulting experience in finance and economics. He is an expert in securities damages calculation, hedging and risk management, foreign currency options, options pricing, and valuation. At Cambridge Finance Partners, Dr. Noah has assisted the U.S. Department of Justice and taxpayers on complex tax litigations involving leasing, securitization, hedging transactions, economic substance, and business purpose. He has also assisted major law firms and their clients in a wide variety of economics and finance related matters. In the area of business consulting, he has developed dynamic hedging models for a major merchant energy company. Dr. Noah is an expert in complex computer modeling and simulation, particularly as applied to problems in finance. He has developed several securities trading and abnormal return models used in shareholder class actions, designed exotic option and warrant valuation tools, and created genetic algorithms specially designed to solve complex multi-stage decision problems. In conjunction with his modeling and simulation capabilities, Dr. Noah is adept at large database design and analysis, which has proven critical to the resolution of data-intensive litigation. Prior to founding Cambridge Finance Partners, Dr. Noah was a Senior Associate at Analysis Group/Economics where he participated in several litigation case teams. He led case teams in matters related to securities fraud, regulatory dispute, business valuation, cost of capital analysis, and contract dispute. In addition, he directly consulted to a Fortune 100 finance company on litigation risk and anticipated litigation problems. Dr. Noah received his undergraduate degree in economics from MIT and his Ph.D. in economics from the University of Michigan. At Michigan, and later at the Milken Institute, Dr. Noah conducted research in the areas of corporate finance and industrial organization. Much of his research has been focused on the role of information in corporate finance decision making, including topics such as how markets incorporate new information, investor herd behavior, and using market outcomes to measure managerial performance. Dr. Noah's paper, "Do Takeovers Create Value: New Methods and Evidence," co-authored with Sanjai Bhagat, David Hirshleifer, and Ming Dong, won the McGraw-Hill Best Corporate Finance Paper Award from the Northern Finance Association in 2002. He is also co-author of the chapter "Estimating the Cost of Capital" in the Litigation Services Handbook (2001). Areas of Expertise Corporate Finance Industrial Organization Risk Management Computer Modeling Industry Expertise Energy Insurance Technology Education Ph.D., Economics, University of Michigan, 1998 S.B., Economics, Massachusetts Institute of Technology, 1992 Professional Work Experience Managing Director, Cambridge Finance Partners, LLC, 2001 - present Senior Manager, Bates White & Ballentine, LLC, 2001 Senior Associate, Analysis Group/Economics, 1999 - 2000 Research Associate, Milken Institute, 1997 - 1999 Publications Do Takeovers Create Value? New Methods and Evidence, Journal of Financial Economics 76 (2005) 3-60, with Sanjai Bhagat, David Hirshleifer, and Ming Dong. Estimating the Cost of Capital, Litigation Services Handbook (2001), with Laura Boothman and Guarav Jetley. Professional Associations American Finance Association American Economic Association. |
