George Aragon is an assistant professor of finance at the W. P. Carey School of Business. Aragon's research deals broadly with investment decisions. His current research projects explore risk-taking on the part of hedge fund managers, the role of hedge funds in providing liquidity to securities markets, portfolio performance and trading strategies. His research has been published in the Journal of Financial Economics and presented to the European Finance, Western Finance and American Finance Associations. Aragon has also taught MBA and undergraduate courses in derivatives securities. Aragon recently served at the U.S. Securities and Exchange Commission as a visiting academic scholar in the Division of Risk, Strategy, and Financial Innovation. Before joining ASU, Aragon received his Ph.D. in finance from Boston College and M.Sc. in finance and economics from the London School of Economics.
Ph.D., Boston College, 2005; MSc, London School of Economics, 1999; BSc, Boston College, 1998
Investments, derivatives, trading activity
Hedge Funds as Liquidity Providers: Evidence from the Lehman Bankruptcy (with Phil Strahan) http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1462315
On Tournament Behavior in Hedge Funds: High Water Marks, Managerial Horizon, and the Backfilling Bias (with Vikram Nanda)
A Unique View of Hedge Fund Derivatives Usage: Safeguard or Speculation? (with J. Spencer Martin)
Stock Market Trading Activity and Returns around Milestones (with Stephan Dieckmann)
"Informed Trader Usage of Stock vs. Option Markets: Evidence from Hedge Fund Investment Advisors", with J. Spencer Martin,
Academic Positions Held
Securities and Exchange Commission, Division of Risk, Strategy, and Financial Innovation, Washington, D.C., Visiting Academic Scholar: 2009-Present; Arizona State University: 2005-present
Career and Recent Professional Awards; Teaching Awards
Q Group Research Grant (2009-10), Foundation for Managed Derivatives Research (2003, 2006), Teaching Excellence Award, Boston College (2003), Giffuni Prize for Best Undergraduate Economics Thesis (1998).
"Share Restrictions and Asset Pricing: Evidence from the Hedge Fund Industry," Journal of Financial Economics, 2007, 33-58.
"Portfolio Performance Evaluation", with Wayne Ferson, in preparation for Foundations and Trends in Finance, Now Publishing, eds.
ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.
FIN 591 - Seminar
A small class emphasizing discussion, presentations by students, and written research papers.