Associate Professor of Economics - On Leave at U.S. Securities and Exchange Commission

Economics, Finance, & Legal Studies

Research Interests


Ph.D., University of Pennsylvania, 2009, Finance

Selected Publications

“Hedge Fund Hold ’em.” (With Y. Lu and S. Mortal.) Journal of Financial Markets. Forthcoming.

“Are Hedge Funds’ Charitable Donations Strategic?” (With V. Agarwal and Y. Lu.) Journal of Corporate Finance. February 2021.

“Value Implications of REITing and De-REITing.” (With D. Ling, A. Tidwell, and L. Xu.) Journal of Real Estate Finance and Economics. March 2021.

“How Do Personal Real Estate Transactions Affect Productivity and Risk Taking? Evidence from Professional Asset Managers.” (With D. Ling and Y. Lu.) Real Estate Economics. Forthcoming.

“Prime (information) brokerage.” (With N. Kumar, K. Mullally, and Y. Tang.) Journal of Financial Economics. August, 2020.

“Can Brands Circumvent Marketing Regulations? Exploiting Umbrella Branding in Financial Markets.” (With Y. Lu, D. Mitra, and D. Musto.) Marketing Science. 2020.

“Sensation Seeking and Hedge Funds.” (With S. Brown, Y. Lu, and M. Teo.) Journal of Finance. December 2018.

“Limited Attention, Marital Events, and Hedge Funds.” (With Y. Lu and M. Teo.) Journal of Financial Economics. December 2016.

“Too Good to be True? An Analysis of the Options Market’s Reactions to Earnings Releases.” (With Y. Lu.) Journal of Business, Finance & Accounting. July/August 2016.

“Under One Roof: A Study of Simultaneously Managed Hedge Funds and Funds of Hedge Funds.” (With V. Agarwal and Y. Lu.) Management Science. March 2016.

“Informational Linkages Between Dark and Lit Trading Venues.” (With M. Nimalendran.) Journal of Financial Markets. January 2014.

“The Downside of High Water Marks: An Empirical Study.” Journal of Investment Management. 2nd Quarter 2012.

“An Efficiency Perspective on the Gains from Mergers and Asset Purchases” (With M. Warusawitharana.) B.E. Journal of Economic Analysis & Policy. October 2009.