Richard J. Rendleman, Jr. (1949 - ) is a composer whose works have been performed by The North Carolina Symphony, The South Carolina Philharmonic Orchestra, The United States Navy Band and a number of other orchestras, chamber groups and choral ensembles. His compositions have been recorded by the Seattle Symphony, The Warsaw National Philharmonic, The Czech National Symphony, The Slovak Radio Orchestra and the St. Stephens Chamber Orchestra. Rendleman is also Professor of Finance at the Kenan-Flagler Business School of the University of North Carolina at Chapel Hill.
In 1981 Rendleman began composition studies with Robert Ward, and for the first few years thereafter composed mainly for piano. Later, his compositions expanded into chamber, vocal and orchestral works. Prior to studying with Ward, Rendleman's music training consisted of five years of piano lessons as a young child followed by four years of junior high and high school band. Some of Rendleman's earliest compositions were instrumental pieces written in 1966-1967 for Rhythm and Blues band, Soul Inc., known by many in the Salisbury, North Carolina area as "Carolina's Finest Show and Dance Ensemble."
Rendleman is also Professor of Finance at the Kenan-Flagler Business School of the University of North Carolina at Chapel Hill. He is best known for his work in derivative securities markets, particularly implied volatility and two-state (or binomial) option pricing and for his work on the relationship between stock returns and quarterly earnings surprises. For better or worse, his work on earnings surprises in the early to mid 1980s has contributed significantly to Wall Street's sensitivity to quarterly earnings during the 1990s.