Fabrice Tourre No Longer Teaching Honors Course

reminiscences of a stock operator pdf

Fabrice Tourre, the former Goldman Sachs Group Inc (NYSE:GS) mid-level executive found liable for defrauding investors in one mortgage-backed securities case, won’t be teaching honors economics at the University of Chicago.

Abrupt change considering course about to begin

“As preparations continue for the Spring Quarter, Fabrice Tourre will no longer be assigned as an instructor for Honors Elements of Economic Analysis in the College,” Jeremy Manier, a university spokesman, was quoted as saying in the Wall Street Journal.  The report said the move “was an abrupt change, considering Mr. Tourre, nicknamed as the “Fabulous Fab,” had been slated to begin teaching the course during the spring quarter, which begins later this month.”

According to a report in The Chicago Maroon, the student newspaper which first broke the story, Fabrice Tourre, an economics Ph.D. student, will instead teach the graduate-level curriculum. According to the economics department’s graduate program policy cited in the report, “pedagogical training is a component of our doctoral education and for all students beginning in the autumn quarter of 2007 and later, the degree program requires compensated service equivalent to five appropriate teaching assistantships.”

Student who signed up for course disappointed, wanted to learn from Fabrice Tourre’s “experience”

The report notes that Allan Zhang, a fourth year student, was disappointed that Fabrice Tourre would no longer be teaching the honors section of the macroeconomics course. “I was hoping that his experience in the private sector and [investment] banking would add something to the class,” he said.


Fabrice Tourre, who has worked as a teaching assistant for other professors at the school, is studying to obtain a doctorate in economics at the university.  In August of 2013, he was found liable for securities fraud for misleading investors over mortgage investments during the financial crisis and the SEC has asked that he pay over $1 million without receiving reimbursement from his former employer, the report noted.


For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing a trading program’s strategy and mapping it to a market environment and performance driver. He provides analysis of managed futures investment performance and commentary regarding related managed futures market environment. A portfolio and industry consultant, he was an adjunct instructor in managed futures at Northwestern University / Chicago and has written or edited three books, including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008). Mark was director of the managed futures division at Alaron Trading until they were acquired by Peregrine Financial Group in 2009, where he was a registered associated person (National Futures Association NFA ID#: 0348336). Mark has also worked as a Commodity Trading Advisor himself, trading a short volatility options portfolio across the yield curve, and was an independent consultant to various broker dealers and futures exchanges, including OneChicago, the single stock futures exchange, and the Chicago Board of Trade. He is also Editor, Opalesque Futures Intelligence and Editor, Opalesque Futures Strategies. - Contact: Mmelin(at)valuewalk.com

Be the first to comment on "Fabrice Tourre No Longer Teaching Honors Course"

Leave a comment