Ph.D., Boston College, 2005; MSc, London School of Economics, 1999; BSc, Boston College, 1998
Financial Institutions; Empirical Asset Pricing; and Derivatives
“Strategic Delays and Clustering in Hedge Fund Reported Returns,” with Vikram Nanda, Sept 2013
“Smart Money and Liquidity Provision: Hedge Fund Behavior Through Market Crises,” with J. Spencer Martin and Zhen Shi, Sept 2013
Academic Positions Held
Securities and Exchange Commission, Division of Risk, Strategy, and Financial Innovation, Washington, D.C., Visiting Academic Scholar: 2009-2010; 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).
“Onshore and Offshore Hedge Funds: Are They Twins?” with Bing Liang and Hyuna Park, 2013, Management Science
“Why Do Hedge Funds Avoid Disclosure? Evidence From Confidential 13F Filings,” forthcoming at the Journal of Financial and Quantitative Analysis, with Michael Hertzel and Zhen Shi
“A Unique View of Hedge Fund Derivative Usage: Safeguard or Speculation?” 2012, Journal of Financial Economics, 105, 436-456 (with J. Spencer Martin). Supported by a research grant from the Foundation for Managed Derivatives Research.
“Tournament Behavior in Hedge Funds: High-water Marks, Fund Liquidation, and Managerial Stake,” 2012, Review of Financial Studies, 25, 937-974 (with Vikram Nanda). Supported by a research grant from The Institute for Quantitative Research in Finance.
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 421 - Security Analys Portfolio Mgmt
Security analysis theory and practice. Selection and management of financial asset portfolios. Securities markets and portfolio risk-return analysis.
FIN 530 - Derivatives
Intermediate- to advanced-level course in derivative assets such as options, forward and futures contracts, swaps and financial engineering.