AREAS OF INTERESTEmpirical Asset Pricing, Mutual Funds, Hedge Funds, Fixed Income Markets REFEREED PUBLICATIONS“Does Local Religiosity Affect Organizational Risk-taking? Evidence from the Hedge Fund Industry” (with Lei Gao and Jing Zhao), Journal of Corporate Finance, forthcoming | [PDF] at SSRN “Can Liquidity Risk Explain Diseconomies of Scale in Hedge Funds?” (with Hany A. Shawky), 2017, Quarterly Journal of Finance 7 (2), 1750002 | https://doi.org/10.1142/S2010139217500021 | [PDF] at SSRN “Sentiment and the Effectiveness of Technical Analysis: Evidence from the Hedge Fund Industry” (with David M. Smith, Na Wang, and Edward J. Zychowicz), 2016, Journal of Financial and Quantitative Analysis 51 (6), 1991-2013 | https://doi.org/10.1017/S0022109016000843 | [PDF] at SSRN “Hedge Funds and Corporate Innovation” (with Jing Zhao), 2015, Financial Management 44 (2), 353-385| http://dx.doi.org/10.1111/fima.12059 | [PDF] at SSRN “Timing Ability of Government Bond Fund Managers: Evidence from Portfolio Holdings” (with Jing-Zhi Huang), 2014, Management Science 60 (8), 2091-2109| http://dx.doi.org/10.1287/mnsc.2013.1843 | [PDF] at SSRN “Liquidity Risk and Economies of Scale in Funds of Hedge Funds” (with Hany A. Shawky), 2014, Journal of Alternative Investments 17 (2), 51-67 | http://dx.doi.org/10.3905/jai.2014.17.2.051 “Should Investors Invest in Hedge Fund-Like Mutual Funds? Evidence from the 2007 Financial Crisis" (with Jing-Zhi Huang), 2013, Journal of Financial Intermediation 22 (3), 482-512 | http://dx.doi.org/10.1016/j.jfi.2012.11.004 | [PDF] at SSRN “Do Mutual Fund Managers Time Market Liquidity?” (with Charles Cao and Timothy T. Simin), 2013, Journal of Financial Markets 16 (2), 279-307 | http://dx.doi.org/10.1016/j.finmar.2012.10.004 | [PDF] at SSRN “An Empirical Analysis of the Dynamic Relationship between Mutual Fund Flow and Market Return Volatility” (with Charles Cao and Eric C. Chang), 2008, Journal of Banking and Finance 32 (10), 2111-2123 | http://dx.doi.org/10.1016/j.jbankfin.2007.12.035 | [PDF] at SSRN BOOK CHAPTERS“Hedge Funds and Performance Persistence” (with Nan Qin), in Hedge Funds: Structure, Strategies, and Performance edited by H. Kent Baker and Greg Filbeck, Chapter 26, Oxford University Press, 2017 “Head and Shoulders Above the Rest? The Performance of Institutional Portfolio Managers Who Use Technical Analysis” (with David M. Smith and Christophe Faugère), Research in Finance 29, 167-189, 2013 | [Online Summary] | [PDF] at SSRN | [CFA Institute Summary] “Hedge Funds and the Financial Crisis” (with Jing-Zhi Huang), in Alternative Investments: Instruments, Performance, Benchmarks and Strategies edited by H. Kent Baker and Greg Filbeck, Chapter 26, pp. 521-540, The Kolb Series in Finance, John Wiley & Sons, Inc., 2013 | [Online Summary] “Mutual Funds” (with Matthew P. Reiner and Gregory A. Roeder), in Institutional Money Management: An Insider Look at Strategies, Players, and Practices edited by David M. Smith and Hany A. Shawky, Chapter 15, pp. 239-262, The Kolb Series in Finance, John Wiley & Sons, Inc., 2011 MEDIA COVERAGE“Your Trading Charts Work Better in Study When Markets Get Frothy,” Bloomberg Business, May 4, 2015 “Investment Company Act Release No. 31300; 812-14116,”Securities and Exchange Commission, October 21, 2014 “Sentiment and the Effectiveness of Technical Analysis: Evidence from the Hedge Fund Industry,” Barclay's Insider Report, July 2014 “Hedge-fund firms woo the little guy, ” The Wall Street Journal, December 6, 2010 “The problem with absolute return funds,” Forbes Magazine, June 7, 2010 “Being short apparently has its benefits,” AllAboutAlpha.com, May 10, 2010 “Why hedge fund strategies don't work for most investors,” Forbes.com, May 5, 2010 “Une démocratisation sujette à caution,” Les Echos, February 15, 2010 |