Research Interests

Investments and Asset Management (Private Equity, Mutual Funds, Hedge Funds), Financial Markets, Investor Behavior

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Publications

1. Industry Familiarity and Trading: Evidence from the Personal Portfolios of Industry Insiders
with Itzhak (Zahi) Ben-David and Justin Birru 

• Journal of Financial Economics, Volume 132 (2019).  (SSRN Link) (JFE Link)
• Media coverage: Alpha Architect

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Working Papers

​​1. Decreasing Returns or Reversion to the Mean? The Case of Private Equity Fund Growth

• (Download Paper)
• Finalist Research Award (top 5 papers), European Investment Forum 2019
• Media coverage: Tuck Forum on Private Equity and Venture Capital, European Investment Forum

​​2. What do Mutual Fund Investors Really Care About? 
with Itzhak (Zahi) Ben-David, Jiacui Li, and Yang Song

• (Download Paper)
• ​Media coverage: Yahoo! Finance, ETF.com, Columbia Law School’s Blue Sky Blog, CXO Advisory Gruop, CityWire

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Work in Progress

​​1. Unsmoothing Returns of Illiquid Assets
with Spencer Couts and Andrei Goncalves​

​​​2. Are Leveraged Buyout Funds More Than Just Levered Bets on Small-Value Firms?
with Berk Sensoy

​​3. How Smart Are Smart Investors?
with Kevin Mullally

​​4. Hedge Fund Fees
with Itzhak (Zahi) Ben-David and Justin Birru​