Portrait of Professor Aneel Keswani

Professor Aneel Keswani

Professor in Investment Management

Bayes Business School , Finance

Contact

About

Overview

Aneel Keswani joined Bayes Business School after completing his PhD from London Business School. He is the Director and Founder of the Centre for Asset Management Research (CAMR) at Bayes Business School and has organised six international conferences under the auspices of the centre. He is also the Director of the MSc programme in Investment Management.

Aneel’s research expertise focuses on fund management and asset pricing and he actively supports the development of policy in the asset management space, including as an adviser on mutual fund policy to the UK regulator, the Financial Conduct Authority (FCA) and the Bank of England.

Aneel has presented his work at nearly 50 seminars and international conferences around the world and his work has been discussed in leading media outlets such as the Financial Times, the Times, Le Monde and the BBC. Aneel has received both the City University and Bayes prizes for excellence in research. He has published in world leading journals in finance including the Journal of Finance, Journal of Financial and Quantitative Analysis, Review of Finance and Management Science.

Aneel teaches asset management for the PhD, MSc, Undergraduate and Executive education programmes. In recognition of his teaching, he has been appointed as a fellow of the Higher Education Academy and has received Business School teaching prizes for both undergraduate and postgraduate levels.

Qualifications

  • PhD (Finance), London Business School, United Kingdom, 1994 - 2000
  • MSc (Economics), London School of Economics, United Kingdom, 1992 - 1993
  • MA (Economics), Cambridge, United Kingdom, 1988 - 1991

Employment

  • Course Director MSc Investment Management, Bayes Business School, United Kingdom, 2017 - 2026

Expertise

Primary topics

  • Fund Management

Additional topics

  • Asset Pricing
  • Fixed-Income Investments

Industries

  • Pension fund management

Research

Research topics

Mutual Fund Performance and Flows

Credit risk in bond markets

Research students

Zhuohua Lyu

Attendance: September 2024 - present, full-time

Thesis title: Asset Management

Role: 1st Supervisor

Yue Zhang

Attendance: September 2023 - present, full-time

Thesis title: Exchange traded funds

Role: 1st Supervisor

Liying Wang Lecturer University of Liverpool Management School

Attendance: September 2018 - June 2023, full-time

Thesis title: Trust and mutual funds

Role: 1st Supervisor

Liangrong Chunyu Lecturer Essex Business School

Attendance: September 2016 - June 2019, full-time

Thesis title: State labour layoff laws and acquisitions

Role: 2nd Supervisor

Maxim Zagonov Toulouse Business School Associate Professor

Attendance: September 2008 - June 2011, full-time

Thesis title: Risk exposures of financial institutions

Role: 1st Supervisor

Yaw-Huei Wang National Taiwan University Professor of Finance

Attendance: September 2001 - June 2004, full-time

Thesis title: Sentiment and volatility

Role: 2nd Supervisor

1stsupervisor

Publications

Conference papers and proceedings (54)

  1. Keswani, A. (2025). Decoding Derivative Use in Exchange-traded Funds. Nottingham University business school seminar 19 February.
  2. Keswani, A. (2024). Decoding Derivative Use in Exchange-traded Funds. Catolica Porto Business School Seminar 20 November.
  3. Keswani, A. (2024). Decoding Derivative Use in Exchange-traded Funds. Bristol University seminar 5 November.
  4. Keswani, A. (2024). Variation in Mutual Fund Industries and Real Effects Across Countries. Georgia State University seminar 22 May.
  5. Keswani, A. Undervaluation Induced LBOs. University of Leicester seminar.
  6. Keswani, A. (2022). Variation in Mutual Fund Industries and Real Effects Across Countries. University of Liverpool Management School seminar series 7 June-.
  7. Keswani, A. (2022). Variation in Mutual Fund Industries and Real Effects Across Countries. University of Strathclyde seminar series 4 May-.
  8. Keswani, A. (2019). Institutional Debtholder Governance. Cork University seminar series 8 May-.
  9. Keswani, A. (2019). Institutional debtholder governance. ESMT Berlin Debt in Corporate Governance conference 5 March-, Berlin.
  10. Keswani, A. (2019). Institutional debtholder governance. Rotman Business School University of Toronto seminar series 6 February-.
  11. Keswani, A. (2019). Institutional Debtholder Governance. Richard Ivey Business School Canada 1-2 February.
  12. Keswani, A. (2018). Institutional debtholder governance. University College Dublin Seminar Series 5 June-.
  13. Keswani, A. (2018). Institutional debtholder governance. Queens University Management School seminar series 4 April-.
  14. Keswani, A. Frenemies: How do financial firms vote on their own kind? University of Surrey seminar.
  15. Keswani, A. Frenemies: How do financial firms vote on their own kind? ETH Zurich Seminar.
  16. Keswani, A. Squandering home field advantage? Financial institutions’ investing in their own industries. ESSEC University seminar.
  17. Keswani, A. (2012). Squandering home field advantage? Financial institutions’ investing in their own industries. Swansea University Seminar 5 September.
  18. Keswani, A. (2011). Investor reaction to mutual fund performance: Evidence from UK distribution channels. Imperial College Seminar 2 June.
  19. Keswani, , D, , Stolin, , Hazemi, R. and Hailes, S. (2011). How well do mutual funds invest in their own backyard? Reading University.
  20. Keswani, A. and Stolin, D. (2010). How well do mutual funds invest in their own backyard? Lancaster University Finance Seminar Series Lancaster University.
  21. Keswani, A. and Stolin, D. (2010). How well do mutual funds invest in their own backyard? Leading Lights in Fund Management research II London.
  22. Keswani, A., Miguel Ferreira, S.R. and Miguel, A.F. (2010). The flow-performance relationship around the world. European Finance Association Frankfurt.
  23. Keswani, A., Miguel Ferreira, S.R. and Miguel, A.F. (2010). The flow-performance relationship around the world. LMU Munich Seminar Series Munich.
  24. Keswani, A., Miguel Ferreira, A.F.M. and Ramos, S. (2009). The flow-performance relationship around the world. Leading lights in Fund Management Research conference.
  25. Keswani, A., Miguel Ferreira, A.F.M., Ramos, S., Thomson, N. and Baden-Fuller, C. (2009). The flow-performance relationship around the world. Cranfield University.
  26. Keswani, A., Miguel Ferreira, A.F.M., Ramos, S. and Gibb, P.K. (2009). The flow-performance relationship around the world. Leeds University Business School.
  27. Keswani, A., Gemmill, G. and Philip Booth, (2008). Idiosyncratic Downside Risk and the Credit spread Puzzle. Bologna University.
  28. Keswani, A., Gemmill, G. and Philip Booth, (2008). Idiosyncratic Downside Risk and the Credit spread Puzzle. Manchester Business School.
  29. Keswani, A., Gemmill, G. and Philip Booth, (2008). Idiosyncratic Downside Risk and the Credit spread Puzzle. Toulouse Business School.
  30. Keswani, A., Gemmill, G. and Kirkbride, P.S. (2008). Idiosyncratic Downside Risk and the Credit spread Puzzle. University of Lausanne.
  31. Keswani, A. and Stolin, D. (2008). Mutual fund distribution channels and investor reaction to past performance. . European Finance Association (Athens) Athens.
  32. Keswani, A. and Stolin, D. (2008). Mutual fund distribution channels and investor reaction to past performance. Inquire UK Annual Conference.
  33. Keswani, A., Stolin, D., Booth, P. and Wellings, R. (2008). Mutual fund distribution channels and investor reaction to past performance. Essex University.
  34. Keswani, A., Stolin, D. and Prentice Hall, F.T. (2008). Mutual fund distribution channels and investor reaction to past performance. Georgia State.
  35. Keswani, A., Stolin, D. and Pierre Siklos, (2008). Mutual fund distribution channels and investor reaction to past performance. University of Illinois at Urbana-Champaign.
  36. Keswani, A., Stolin, D. and Pierre Siklos, (2008). Mutual fund distribution channels and investor reaction to past performance. Washington University at St Louis.
  37. Keswani, A., Stolin, D., Deakin, N. and Edwards, J. (2008). Mutual fund distribution channels and investor reaction to past performance. XFI, Exeter University.
  38. Keswani, A., Gemmill, G., Joynt, P. and Morton, R. (2007). Idiosyncratic Downside Risk and the Credit spread Puzzle. Bristol University.
  39. Keswani, A., Gemmill, G., Burgess, P. and Tsogas, G. (2007). Idiosyncratic Downside Risk and the Credit spread Puzzle. ISCTE, Lisbon.
  40. Keswani, A., Stolin, D. and Siklos, P. (2007). Mutual fund distribution channels and investor reaction to past performance. Norwegian School of Economics and Business.
  41. Keswani, A., Stolin, D., O'Brien, P.K. and Winch, D. (2007). Mutual fund distribution channels and investor reaction to past performance. Swiss Banking Institute, Zurich.
  42. Hwang, S., Shackleton, M. and Keswani, A. (2006). Stock splits: What Does the Market Tell Us Ex Ante? Inquire UK.
  43. Stolin, D. and Keswani, A. (2006). Which money is smart? Mutual fund buys and sells of individual and institutional investors. Portuguese Finance Association Porto.
  44. Stolin, D. and Keswani, A. (2006). Which money is smart? Mutual fund buys and sells of individual and institutional investors. Western Finance Association Denver.
  45. Hwang, S., Shackleton, M. and Keswani, A. (2005). Stock Splits: What Does the Market Tell Us Ex Ante? Finance Seminar Series, Lancaster University.
  46. Hwang, S., Shackleton, M. and Keswani, A. (2005). Stock Splits: What Does the Market Tell Us Ex Ante? Financial Markets Group Seminar Series, London School of Economics.
  47. Wang, J., Taylor, S. and Keswani, A. (2004). Can Sentiment Forecast Either Returns or Volatility? European Financial Management Association Basel.
  48. Stolin, D. and Keswani, A. (2004). Determinants of Mutual Fund Performance Persistence: A Cross-Sector Analysis. Faculty of Economics Seminar Series University of Porto.
  49. Stolin, D. and Keswani, A. (2004). The Determinants of Mutual Fund Flows. Finance Research Seminar Series Warwick Business School.
  50. Stolin, D. and Keswani, A. (2004). The Determinants of Mutual Fund Flows. Finance Seminar Series Said Business School, University of Oxford.
  51. Stolin, D. and Keswani, A. (2003). Determinants of Mutual Fund Performance Persistence: A Cross-Sector Analysis. Financial Management Association Denver.
  52. Keswani, A. (2003). Relationship Rating: How do Bond Rating Agencies Process Information? A. Butler & K.Rogers. European Finance Association (Discussant) Glasgow.
  53. Keswani, A. (2002). Time variation in the pricing of catastrophe reinsurance. Financial Markets Group Seminar Series London School of Economics.
  54. Keswani, A. (2000). Estimating a Risky Term Structure of Brady Bonds. American Finance Association Boston.

Journal articles (23)

  1. Clare, A., Keswani, A. and Motson, N. (2024). The Case for Integrating ESG into Fixed-Income Portfolios. The Journal of Portfolio Management, 50(9), pp. 152-163. doi:10.3905/jpm.2024.1.620

    [publisher’s website]

  2. Keswani, A., Tran, A. and Volpin, P. (2021). Institutional Debtholder Governance. Journal of Financial and Quantitative Analysis, 56(6), pp. 2103-2135. doi:10.1017/s0022109020000630

    [publisher’s website]

  3. Vakratsas, D., Keswani, A. and Stolin, D. (2021). Advertising persuasion in dual markets. Managerial and Decision Economics, 42(1), pp. 239-245. doi:10.1002/mde.3229

    [publisher’s website]

  4. Keswani, A., Medhat, M., Miguel, A.F. and Ramos, S.B. (2020). Uncertainty avoidance and mutual funds. Journal of Corporate Finance, 65, pp. 101748-101748. doi:10.1016/j.jcorpfin.2020.101748

    [publisher’s website]

  5. Ferreira, M.A., Keswani, A., Miguel, A.F. and Ramos, S.B. (2019). What determines fund performance persistence? International evidence. Financial Review, 54(4), pp. 679-708. doi:10.1111/fire.12202

    [publisher’s website]

  6. Hanke, B., Keswani, A., Quigley, G., Stolin, D. and Zagonov, M. (2019). The equal-weight tilt in managed portfolios. Economics Letters, 182, pp. 59-63. doi:10.1016/j.econlet.2019.06.003

    [publisher’s website]

  7. Hanke, B., Keswani, A., Quigley, G. and Elias, M. (2018). Survivorship bias and comparability of UK open-ended fund databases. Economics Letters, 172, pp. 110-114. doi:10.1016/j.econlet.2018.08.027

    [publisher’s website]

  8. Keswani, A., Stolin, D. and Tran, A.L. (2017). Frenemies: how do financial firms vote on their own kind? Management Science, 63(3), pp. 587-900. doi:10.1287/mnsc.2015.2314

    [publisher’s website]

  9. Keswani, A. and Stolin, D. (2015). Squandering home field advantage? Financial institutions’ investing in their own industries. Journal of Financial Perspectives, 3(2), pp. 175-187
  10. Ferreira, M.A., Keswani, A., Miguel, A.F. and Ramos, S.B. (2013). The Determinants of mutual fund performance: A cross-country study. Review of Finance, 17(2), pp. 483-525. doi:10.1093/rof/rfs013

    [publisher’s website]

  11. Keswani, A. and Stolin, D. (2012). Investor reaction to mutual fund performance: Evidence from uk distribution channels. Journal of Financial Research, 35(3), pp. 425-450. doi:10.1111/j.1475-6803.2012.01323.x

    [publisher’s website]

  12. Ferreira, M.A., Keswani, A., Miguel, A.F. and Ramos, S.B. (2012). The flow-performance relationship around the world. Journal of Banking and Finance, 36(6), pp. 1759-1780. doi:10.1016/j.jbankfin.2012.01.019

    [publisher’s website]

  13. Gemmill, G. and Keswani, A. (2011). Downside risk and the size of credit spreads. Journal of Banking and Finance, 35(8), pp. 2021-2036. doi:10.1016/j.jbankfin.2011.01.019

    [publisher’s website]

  14. Keswani, A. and Stolin, D. (2009). Dollar-Weighted Returns to Stock Investors: A New Look at the Evidence. CFA Digest, 39(2), pp. 228-235
  15. Keswani, A. and Stolin, D. (2008). Dollar-weighted returns to stock investors: A new look at the evidence. Finance Research Letters, 5(4), pp. 228-235. doi:10.1016/j.frl.2008.08.001

    [publisher’s website]

  16. Keswani, A. and Stolin, D. (2008). Which Money Is Smart? Mutual Fund Buys and Sells of Individual and Institutional Investors. CFA Digest, 38(3), pp. 71-72
  17. Hwang, S., Keswani, A. and Shackleton, M.B. (2008). Surprise vs anticipated information announcements: Are prices affected differently? An investigation in the context of stock splits. Journal of Banking and Finance, 32(5), pp. 643-653. doi:10.1016/j.jbankfin.2007.04.028

    [publisher’s website]

  18. Keswani, A. and Stolin, D. (2008). Which money is smart? Mutual fund buys and sells of individual and institutional investors. Journal of Finance, 63(1), pp. 85-118. doi:10.1111/j.1540-6261.2008.01311.x

    [publisher’s website]

  19. Keswani, A., Yang, J. and Young, S. (2007). Do share buybacks provide price support? evidence from mandatory non-trading periods. Journal of Business Finance and Accounting, 34(5-6), pp. 840-860. doi:10.1111/j.1468-5957.2007.02009.x

    [publisher’s website]

  20. Keswani, A. and Stolin, D. (2006). Mutual fund performance persistence and competition: A cross-sector analysis. Journal of Financial Research, 29(3), pp. 349-366. doi:10.1111/j.1475-6803.2006.00182.x

    [publisher’s website]

  21. Keswani, A. and Shackleton, M.B. (2006). How real option disinvestment flexibility augments project NPV. European Journal of Operational Research, 168(1), pp. 240-252. doi:10.1016/j.ejor.2004.02.028

    [publisher’s website]

  22. Wang, Y.H., Keswani, A. and Taylor, S.J. (2006). The relationships between sentiment, returns and volatility. International Journal of Forecasting, 22(1), pp. 109-123. doi:10.1016/j.ijforecast.2005.04.019

    [publisher’s website]

  23. Keswani, A. (2005). Estimating a risky term structure of brady bonds. Manchester School, 73(SUPPL.), pp. 99-127. doi:10.1111/j.1467-9957.2005.00463.x

    [publisher’s website]

Working paper

  1. Zhang, Y., Keswani, A. and Xiao, X. From Index Trackers to Risk Managers: The Expanding Role of Derivatives in ETFs.

Professional activities

Editorial activity (7)

  1. Financial Review, Referee, 2008 - present.
  2. Journal of Banking and Finance, Referee, 2008 - present.
  3. Journal of Financial Research, Referee, 2008 - present.
  4. Journal of International Money and Finance, Referee, 2008 - present.
  5. Journal Business Finance and Accounting, Referee, 2006 - present.
  6. International Journal of Forecasting, Referee, 2005 - present.
  7. Journal of Finance, Referee, 2002 - present.

Events/conferences (43)

  1. FMA 2011 European conference. (Conference) Porto (2011). Organising Committee
  2. (Seminar) Reading University (2011). Invited speaker.
    Paper: How well do mutual funds invest in their own backyard?
    Author: Keswani D
    Co-authors: Stolin
  3. Leading Lights in Fund Management research conference II. (Conference) Cass (2010). Chair
  4. LMU Munich Seminar Series. (Seminar) Munich (2010). Invited speaker.
    Paper: The flow-performance relationship around the world
    Author: Keswani A
    Co-authors: Miguel Ferreira (Nova, Lisbon), Sofia Ramos (ISCTE, Lisbon) and Antonio Freitas Miguel (ISCTE, Lisbon)
  5. Lancaster University Finance Seminar Series. (Seminar) Lancaster University (2010). Invited speaker.
    Paper: How well do mutual funds invest in their own backyard?
    Author: Keswani A
    Co-authors: David Stolin (Toulouse Business School)
  6. Leading Lights in Fund Management research II. (Conference) London (2010). Invited speaker.
    Paper: How well do mutual funds invest in their own backyard?
    Author: Keswani A
    Co-authors: David Stolin (Toulouse Business School)
  7. European Finance Association. (Conference) Frankfurt (2010). Invited speaker.
    Paper: The flow-performance relationship around the world
    Author: Keswani A
    Co-authors: Miguel Ferreira (Nova, Lisbon), Sofia Ramos (ISCTE, Lisbon) and Antonio Freitas Miguel (ISCTE, Lisbon)
  8. European Finance Association Meeting. (Conference) Norway (2009). Organising Committee
  9. Leading Lights in Fund Management research conference. (Conference) Cass (2009). Chair
  10. (Seminar) Cranfield University (2009). Invited speaker.
    Paper: The flow-performance relationship around the world
    Author: Keswani A
    Co-authors: Miguel Ferreira (Nova, Lisbon), Antonio Freitas Miguel (ISCTE, Lisbon) and Sofia Ramos (ISCTE, Lisbon)
  11. (Seminar) Leeds University Business School (2009). Invited speaker.
    Paper: The flow-performance relationship around the world
    Author: Keswani A
    Co-authors: Miguel Ferreira (Nova, Lisbon), Antonio Freitas Miguel (ISCTE, Lisbon) and Sofia Ramos (ISCTE, Lisbon)
  12. Leading lights in Fund Management Research conference. (Conference) (2009). Invited speaker.
    Paper: The flow-performance relationship around the world
    Author: Keswani A
    Co-authors: Miguel Ferreira (Nova, Lisbon), Antonio Freitas Miguel (ISCTE, Lisbon) and Sofia Ramos (ISCTE, Lisbon)
  13. Portuguese Finance Network conference. (Conference) Coimbra (2008). Organising Committee
  14. (Seminar) XFI, Exeter University (2008). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  15. (Seminar) Essex University (2008). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  16. (Seminar) Bologna University (2008). Invited speaker.
    Paper: Idiosyncratic Downside Risk and the Credit spread Puzzle
    Author: Keswani A
    Co-authors: Gordon Gemmill
  17. (Seminar) Manchester Business School (2008). Invited speaker.
    Paper: Idiosyncratic Downside Risk and the Credit spread Puzzle
    Author: Keswani A
    Co-authors: Gordon Gemmill
  18. (Seminar) Georgia State (2008). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  19. (Seminar) University of Lausanne (2008). Invited speaker.
    Paper: Idiosyncratic Downside Risk and the Credit spread Puzzle
    Author: Keswani A
    Co-authors: Gordon Gemmill
  20. (Seminar) University of Illinois at Urbana-Champaign (2008). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  21. (Seminar) Toulouse Business School (2008). Invited speaker.
    Paper: Idiosyncratic Downside Risk and the Credit spread Puzzle
    Author: Keswani A
    Co-authors: Gordon Gemmill
  22. (Seminar) Washington University at St Louis (2008). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  23. Inquire UK Annual Conference. (Seminar) (2008). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  24. European Finance Association (Athens). (Conference) Athens (2008). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  25. (Seminar) ISCTE, Lisbon (2007). Invited speaker.
    Paper: Idiosyncratic Downside Risk and the Credit spread Puzzle
    Author: Keswani A
    Co-authors: Gordon Gemmill
  26. (Seminar) Swiss Banking Institute, Zurich (2007). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  27. (Seminar) Bristol University (2007). Invited speaker.
    Paper: Idiosyncratic Downside Risk and the Credit spread Puzzle
    Author: Keswani A
    Co-authors: Gordon Gemmill
  28. (Seminar) Norwegian School of Economics and Business (2007). Invited speaker.
    Paper: Mutual fund distribution channels and investor reaction to past performance
    Author: Keswani A
    Co-authors: David Stolin
  29. Portuguese Finance Network conference. (Conference) Porto (2006). Organising Committee
  30. Western Finance Association. Denver (2006).
    Paper: Which money is smart? Mutual fund buys and sells of individual and institutional investors
    Co-authors: David Stolin
  31. Portuguese Finance Association. Porto (2006).
    Paper: Which money is smart? Mutual fund buys and sells of individual and institutional investors
    Co-authors: David Stolin
  32. Inquire UK. (2006).
    Paper: Stock splits: What Does the Market Tell Us Ex Ante?
    Co-authors: Soosung Hwang and Mark Shackleton
  33. The Way Forward for the Fund Management Industry. (Conference) Cass (2005). Organising Committee
  34. Financial Markets Group Seminar Series, London School of Economics. (Seminar) (2005).
    Paper: Stock Splits: What Does the Market Tell Us Ex Ante?
    Co-authors: Soosung Hwang and Mark Shackleton
  35. Finance Seminar Series, Lancaster University. (Seminar) (2005).
    Paper: Stock Splits: What Does the Market Tell Us Ex Ante?
    Co-authors: Soosung Hwang and Mark Shackleton
  36. Finance Seminar Series. (Seminar) Said Business School, University of Oxford (2004).
    Paper: The Determinants of Mutual Fund Flows
    Co-authors: David Stolin (Toulouse Business School)
  37. Finance Research Seminar Series. (Seminar) Warwick Business School (2004).
    Paper: The Determinants of Mutual Fund Flows
    Co-authors: David Stolin (Toulouse Business School)
  38. European Financial Management Association. Basel (2004).
    Paper: Can Sentiment Forecast Either Returns or Volatility?
    Author: Jeffrey Wang & Stephen Taylor
  39. Faculty of Economics Seminar Series. (Seminar) University of Porto (2004).
    Paper: Determinants of Mutual Fund Performance Persistence: A Cross-Sector Analysis
    Co-authors: David Stolin (Toulouse Business School)
  40. Financial Management Association. Denver (2003).
    Paper: Determinants of Mutual Fund Performance Persistence: A Cross-Sector Analysis
    Co-authors: David Stolin (Toulouse Business School)
  41. European Finance Association (Discussant). Glasgow (2003).
    Paper: Relationship Rating: How do Bond Rating Agencies Process Information? A. Butler & K.Rogers
  42. Financial Markets Group Seminar Series. (Seminar) London School of Economics (2002).
    Paper: Time variation in the pricing of catastrophe reinsurance
  43. American Finance Association. Boston (2000).
    Paper: Estimating a Risky Term Structure of Brady Bonds

Media appearances (9)

  1. The truth behind buying and selling shares. (2012) www.ftadviser.com (website).
  2. Fondsmanager verspielen ihren Heimvorteil. (2012) www.pt-magazin.de (website).
  3. Fondsmanager verspielen ihren Heimvorteil. (2012) www.ititpro.com (website).
  4. No home-field advantage for financial institutions. (2012) Financial Adviser.
  5. Managers 'slipping on home turf'. (2012) Financial Times (newspaper).
  6. 'Smart Money' Identifies Superior Mutual Funds. (2008) www.physorg.org.
  7. ""Smart Money"" Identifies Superior Mututal Funds. (2008) www.blackwellpublishing.com.
  8. An apology to all you mutual fund investors. (2006) Financial Times (newspaper).
  9. Make your mind up small investors. (2006) Times (newspaper).