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Dr. Oldfield is an expert in financial economics, including mortgage securitization, trading strategies, market making, corporate bond valuation, financial derivatives, and risk management.

He has given expert witness testimony, provided expert consulting reports, authored numerous professional articles, and received several teaching excellence awards.

Dr. Oldfield joined The Brattle Group from the U.S. Securities and Exchange Commission, where he served as an Economic Research Fellow specializing in employee stock option and financial derivatives pricing, disclosure rules for corporate pension funding and executive compensation, and asset-and mortgage-backed securities. He has spent much of his career in academia, most recently as the Richard S. Reynolds, Jr. Professor of Finance at the College of William and Mary’s Mason School of Business. He also has taught at Dartmouth College’s Tuck School and Cornell University’s Johnson School.

Dr. Oldfield’s previous financial experience includes serving as a Managing Director in PaineWebber’s Capital Markets Division, where he managed the financial engineering function as well as the mortgage derivatives trading and underwriting businesses. Later he developed and managed the company’s analytic and trading risk management systems. Previously, at the Federal Reserve Banks of New York and Philadelphia, he specialized in the economic aspects of bank holding company organization, commercial bank regulation, and the role of commercial banks in monetary policy implementation.

Representative Engagements
International commercial banking company
For a complaint against a hedge fund, evaluated the fund’s investment performance and reporting accuracy in taking long and short positions in several thousand different mortgage derivative instruments.
Federal Financial Institution Regulatory Agency
For an administrative complaint against former senior executives of a regulated financial institution, calculated the damage to shareholders caused by accounting practices that influenced executive compensation.
Commercial finance company
To prepare for possible tax litigation, analyzed the financial properties of several large cross-border lease transactions, including the method of lease finance and the likelihood of purchase option exercise by the lessee.
Testimony
Deposition Testimony, Kearney Partners Fund, LLC, v. The United States of America, U.S. District Court, Middle District of Florida, Ft. Myers Division, Case No. 2:10-cv-153-CEH-SPC
December 1, 2011
Goodrich Corporation v. The United States of America, U.S. District Court, Western District of North Carolina, Case No. 03:10-CV-00105
January 25, 2011
Centex International & Affiliates v. South Carolina Department of Revenue, State of South Carolina Administrative Law Court
September 15, 2010
The Anschutz Company and Subsidiaries, et al., v. The Commissioner of Internal Revenue Service, Docket No. 19083-07
January 9, 2009
Publications
Article
The Johnson Conviction and Fallout for Forex Market
December 08, 2017
Andrew Newman, George S. Oldfield, and Paul Hinton
Published on Law360

Brattle Principals Paul Hinton and George Oldfield have co-authored an article on Law360 discussing the use of criminal prosecution to police trading practices in institutional financial markets.

Newsletter
The European Debt Crisis and the Role of the European Central Bank
2012
Published by The Brattle Group, Inc.
Newsletter
Out of the Frying Pan and Into the Fire: Will the Dodd-Frank Swaps Proposal Reduce Systemic Risk?
2011
George S. Oldfield and Julia Litvinova
Published by The Brattle Group, Inc.
Article
An Autoregressive Jump Process for Common Stock Returns
2011
George S. Oldfield, Richard J. Rogalski, and Robert A. Jarrow
Published in Journal of Financial Economics
Newsletter
Corporate Pension Plans: New Developments and Litigation
2010
George S. Oldfield, Bente Villadsen, and Urvashi Malhotra
Published by The Brattle Group, Inc.
Article
Forward Contracts and Futures Contracts
2009
George S. Oldfield and Robert A. Jarrow
Published in Journal of Financial Economics
Newsletter
Understanding the Credit Crisis Part 2: Getting Down the Mountain
2009
Published by The Brattle Group, Inc.
Report
Expanding Subprime Mortgage Crisis Increases Litigation Risks
March 2008
Published by The Brattle Group, Inc.
Newsletter
Understanding the Credit Crisis: The Treasury, the Fed, and the Banking System
2008
Published by The Brattle Group, Inc.
Newsletter
Lawsuits Stalk Pension Fiduciaries
2008
Published by The Brattle Group, Inc.
Article
Treasury Bill Factors and Common Stock Returns
2008
George S. Oldfield and Richard J. Rogalski
Published in The Journal of Finance
Article
Futures Contract Options
2007
George S. Oldfield and Carlos E. Rovira
Published in Journal of Futures Markets
Newsletter
Subprime Mortgage Problems: What to Look For and Where to Look
2007
Published by The Brattle Group, Inc.
Article
Risk Management in Financial Institutions
2006
George S. Oldfield and Anthony M. Santomero
Published in Sloan Management Review
Article
Forward Options and Futures Options
2005
George S. Oldfield and Robert A. Jarrow
Published in Advances in Futures and Options Research
Article
The Economics of Structured Finance
2005
Published in The Journal of Fixed Income
Article
Common Stock Returns Over Open and Closed Trading Periods
2005
George S. Oldfield and Richard J. Rogalski
Published in The Journal of Finance
Article
The Stochastic Properties of Term Structure Movements
2005
George S. Oldfield and Richard J. Rogalski
Published in Journal of Monetary Economics
Article
Bond Games
May 2004
Published in Financial Analysts Journal, Volume 60, Number 3
Article
Corporate Debt and Corporate Taxes
2003
George S. Oldfield and Harold Bierman
Published in The Journal of Finance
Article
Making Markets for Structured Mortgage Derivatives
September 2000
Published in Journal of Financial Economics, Volume 57, Number 3
Publication
The Microeconomics of Market Making
December 1986
Published in Journal of Financial and Quantitative Analysis, Volume 21, Number 4
Article
Forward Exchange Price Determination in Continuous Time
September 1977
George S. Oldfield and Richard J. Messina
Published in Journal of Financial and Quantitative Analysis
Article
Financial Aspects of the Private Pension System
February 1977
Published in Journal of Money, Credit, and Banking
News & Events