
Overview
Background
Rumi Masih’s experience in the financial industry extends almost 30 years. He is an Industry Professor of Finance at the University of Queensland Business School in Australia and also serves as Chief Investment Officer and a Partner at Leinster Capital, London, U.K., and a Partner and Director of Infrastructure Financing at Infrencia SL in Barcelona, Spain. He was most recently head of the private equity fund business incorporating infrastructure and renewable power funds across Asia for ARCH Emerging Market Partners, U.K. Prior to this, he was Senior Investment Advisor in the investment department at the Saudi Arabian Monetary Authority (SAMA). He has held senior executive management and strategy positions at the Bank of New York Mellon, JP Morgan Asset Management, and over a decade at Goldman Sachs. As part of his industry achievements, Rumi was part of the team that was ranked first in emerging markets currency strategy by the Institutional Investor in 1998, 1999, and 2000 and was ranked second in the Extel Broker Survey by European equity clients in 2004. Rumi was most recently awarded the 2023 Outstanding Industry Leadership Award at More Conferences, Las Vegas, USA.
Prior to joining Goldman Sachs in 1997, Rumi worked in several government research departments in Australia for over a decade. He holds a Bachelor of Economics degree from the Australian National University, an M.Phil. in economics /econometrics, and a Ph.D. in Financial Econometrics from the University of Cambridge, UK. He has published widely with over 90 papers in peer-reviewed journals predominantly in areas of macroeconomics and empirical finance. In 1998, Rumi was admitted as a fellow to the Financial Management Association, and the Royal Statistical Society. He has been the recipient of several ‘best paper’ prizes at internationally reputed annual finance conferences sponsored by the Chicago Stock Exchange, Financial Management Association, and the South Western Finance Association, respectively.
His research interests span a broad area across industry and investment policy, including portfolio and investment management, asset allocation, risk management, and empirical finance. A specific focus of his work has addressed how causal factors impact decision-making in investment management and asset price fluctuations that impact global capital market changes.
Availability
- Professor Rumi Masih is:
- Available for supervision
Qualifications
- Bachelor, Australian National University
- Masters (Coursework), University of Cambridge
- Doctor of Philosophy, University of Cambridge
Research interests
-
Empirical finance; financial econometrics; econometrics; investment management; portfolio management; investment banking
Methods and techniques in applied finance and investment management with focus on developing solutions to address key issues in capital markets; asset allocation and capital formulation and attribution.
Works
Search Professor Rumi Masih’s works on UQ eSpace
2018
Journal Article
Unraveling the financial contagion in European stock markets during financial crises: multi-timescale analysis
Dewandaru, Ginanjar, Masih, Rumi and Masih, Mansur (2018). Unraveling the financial contagion in European stock markets during financial crises: multi-timescale analysis. Emerging Markets Finance and Trade, 54 (4), 859-880. doi: 10.1080/1540496x.2016.1266614
2017
Journal Article
Regional spillovers across transitioning emerging and frontier equity markets: a multi-time scale wavelet analysis
Dewandaru, Ginanjar, Masih, Rumi and Masih, Mansur (2017). Regional spillovers across transitioning emerging and frontier equity markets: a multi-time scale wavelet analysis. The Quarterly Review of Economics and Finance, 65, 30-40. doi: 10.1016/j.econmod.2017.04.026
2017
Journal Article
The role of Islamic asset classes in the diversified portfolios: mean variance spanning test
Dewandaru, Ginanjar, Masih, Rumi, Bacha, Obiyathulla Ismath and Masih, A. Mansur M. (2017). The role of Islamic asset classes in the diversified portfolios: mean variance spanning test. Emerging Markets Review, 30, 66-95. doi: 10.1016/j.ememar.2016.09.002
2016
Journal Article
Contagion and interdependence across Asia-Pacific equity markets: An analysis based on multi-horizon discrete and continuous wavelet transformations
Dewandaru, Ginanjar, Masih, Rumi and Masih, A. Mansur M. (2016). Contagion and interdependence across Asia-Pacific equity markets: An analysis based on multi-horizon discrete and continuous wavelet transformations. International Review of Economics and Finance, 43, 363-377. doi: 10.1016/j.iref.2016.01.002
2016
Journal Article
What can wavelets unveil about the vulnerabilities of monetary integration? A tale of Eurozone stock markets
Dewandaru, Ginanjar, Masih, Rumi and Masih, A. Mansur M. (2016). What can wavelets unveil about the vulnerabilities of monetary integration? A tale of Eurozone stock markets. Economic Modelling, 52, 981-996. doi: 10.1016/j.econmod.2015.10.037
2015
Journal Article
Developing trading strategies based on fractal finance: an application of MF-DFA in the context of Islamic equities
Dewandaru, Ginanjar, Masih, Rumi, Bacha, Obiyathulla Ismath and Masih, A. Mansur M. (2015). Developing trading strategies based on fractal finance: an application of MF-DFA in the context of Islamic equities. Physica A: Statistical Mechanics and its Applications, 438, 223-235. doi: 10.1016/j.physa.2015.05.116
2015
Journal Article
Combining momentum, value, and quality for the Islamic equity portfolio: multi-style rotation strategies using augmented Black Litterman factor model
Dewandaru, Ginanjar, Masih, Rumi, Bacha, Obiyathulla Ismath and Masih, A. Mansur M. (2015). Combining momentum, value, and quality for the Islamic equity portfolio: multi-style rotation strategies using augmented Black Litterman factor model. Pacific-Basin Finance Journal, 34, 205-232. doi: 10.1016/j.pacfin.2014.12.006
2015
Journal Article
Risk-return characteristics of Islamic equity indices: multi-timescales analysis
Dewandaru, Ginanjar, Bacha, Obiyathulla Ismath, Masih, A. Mansur M. and Masih, Rumi (2015). Risk-return characteristics of Islamic equity indices: multi-timescales analysis. Journal of Multinational Financial Management, 29, 115-138. doi: 10.1016/j.mulfin.2014.11.006
2015
Journal Article
Why is no financial crisis a dress rehearsal for the next? Exploring contagious heterogeneities across major Asian stock markets
Dewandaru, Ginanjar, Masih, Rumi and Masih, A. Mansur M. (2015). Why is no financial crisis a dress rehearsal for the next? Exploring contagious heterogeneities across major Asian stock markets. Physica A: Statistical Mechanics and its Applications, 419, 241-259. doi: 10.1016/j.physa.2014.10.046
2014
Journal Article
Stock market co-movements: Islamic versus conventional equity indices with multi-timescales analysis
Dewandaru, Ginanjar, Rizvi, Syed Aun R., Masih, Rumi, Masih, Mansur and Alhabshi, Syed Othman (2014). Stock market co-movements: Islamic versus conventional equity indices with multi-timescales analysis. Economic Systems, 38 (4), 553-571. doi: 10.1016/j.ecosys.2014.05.003
2011
Journal Article
Oil price volatility and stock price fluctuations in an emerging market: evidence from South Korea
Masih, Rumi, Peters, Sanjay and De Mello, Lurion (2011). Oil price volatility and stock price fluctuations in an emerging market: evidence from South Korea. Energy Economics, 33 (5), 975-986. doi: 10.1016/j.eneco.2011.03.015
2011
Journal Article
Is the finance led growth hypothesis robust to alternative measures of financial development?
Masih, Rumi and Khan, Suhair F. (2011). Is the finance led growth hypothesis robust to alternative measures of financial development?. Applied Financial Economics, 21 (10), 601-623. doi: 10.1080/09603107.2010.534065
2010
Journal Article
A multivariate cointegrated modelling approach in testing temporal causality between energy consumption, real income and prices with an application to two Asian LDCs
Masih, Abul M. M. and Masih, Rumi (2010). A multivariate cointegrated modelling approach in testing temporal causality between energy consumption, real income and prices with an application to two Asian LDCs. Applied Economics, 30 (10), 1287-1298. doi: 10.1080/000368498324904
2010
Journal Article
A revisitation of the savings-growth nexus in Mexico
Masih, Rumi and Peters, Sanjay (2010). A revisitation of the savings-growth nexus in Mexico. Economics Letters, 107 (3), 318-320. doi: 10.1016/j.econlet.2010.02.001
2010
Journal Article
Model uncertainty and asset return predictability: an application of Bayesian model averaging
Masih, Rumi, Masih, A. Mansur M. and Mie, Kilian (2010). Model uncertainty and asset return predictability: an application of Bayesian model averaging. Applied Economics, 42 (15), 1963-1972. doi: 10.1080/00036840701736214
2008
Journal Article
Intra-market price discovery in an emerging stock market: vector fractionally-integrated error correction model and Toda-Yamamoto level VAR approaches
Masih, A. Mansur M. and Masih, Rumi (2008). Intra-market price discovery in an emerging stock market: vector fractionally-integrated error correction model and Toda-Yamamoto level VAR approaches. Asian Journal of Business and Accounting, 1 (1), 93-112.
2006
Journal Article
Futures trading volume as a determinant of prices in different momentum phases
Hodgson, Allan, Masih, A. Mansur M. and Masih, Rumi (2006). Futures trading volume as a determinant of prices in different momentum phases. International Review of Financial Analysis, 15 (1), 68-85. doi: 10.1016/j.irfa.2004.10.014
2004
Journal Article
Fractional cointegration, low frequency dynamics and long-run purchasing power parity: an analysis of the Australian dollar over its recent float
Masih, A. Mansur. M. and Masih, Rumi (2004). Fractional cointegration, low frequency dynamics and long-run purchasing power parity: an analysis of the Australian dollar over its recent float. Applied Economics, 36 (6), 593-605. doi: 10.1080/0003684042000217634
2004
Journal Article
Common stochastic trends and the dynamic linkages driving european stock markets: evidence from pre- and post-october 1987 crash eras
Masih, Rumi and Masih, A. Mansur M. (2004). Common stochastic trends and the dynamic linkages driving european stock markets: evidence from pre- and post-october 1987 crash eras. The European Journal of Finance, 10 (1), 81-104. doi: 10.1080/13518470110040591
2003
Journal Article
Price discovery between informationally linked markets during different trading phases
Hodgson, Allan, Masih, Abul and Masih, Rumi (2003). Price discovery between informationally linked markets during different trading phases. Journal of Financial Research, 26 (1), 77-95. doi: 10.1111/1475-6803.00046
Supervision
Availability
- Professor Rumi Masih is:
- Available for supervision
Before you email them, read our advice on how to contact a supervisor.
Available projects
-
Econometric Applications in the Testing of Causation Using Non-Linear, Neural Network Methods
Supervision history
Current supervision
-
Doctor Philosophy
Essays on Private Equity
Principal Advisor
Other advisors: Associate Professor Kelvin Tan, Dr Ronghong Huang
-
Doctor Philosophy
IPO Pricing Mechanism of China's Entrepreneurial Boards: Efficiency and Improvement
Associate Advisor
Other advisors: Dr Lin Mi
Media
Enquiries
For media enquiries about Professor Rumi Masih's areas of expertise, story ideas and help finding experts, contact our Media team: