|Fields of research
- Asset Management, Asset Pricing
- International Finance
- University of Vaasa (Finland), Graduate School of Finance (Finland), PhD in Finance (Honors), 2013-16
- University of Vaasa, Finland,M.Sc. in Finance (Honors), 2011-13
- Saint-Petersburg University of Economics,Russia,M.A. in Banking Management (Honors), 2011-13
- 2015 Columbia Business School, NYC, USA
- 2008–2011 Citigroup, GCG Banking
Asset Management and Mutual Funds (MBF), 2018-, University of St.Gallen (HSG)
Regulation of Financial Systems (MBF), 2018-, University of St.Gallen (HSG)
International Finance (MBF), 2018-, University of St.Gallen (HSG). Joint with Dr. Rico von Wyss (Vontobel)
MBF Research Seminar: Investments, 2019, University of St.Gallen (HSG). Joint with Prof. Dr. Florian Weigert
Position: Guest lecturer
Advanced Topics in Finance: Asset Management and Hedge Funds, University of Vaasa, Finland.
Selected Working Papers:
In Military We Trust: The Effect of Managers’ Military Background on Mutual Fund Flows, with A. Cochardt and S. Heller
Link to paper
Main Conferences: NBER SI 2019 Asset Pricing, SFI 2019, CFR Cologne 2019
Media Coverage: citywireusa
Awards: American Association of Individual Investors outstanding paper award 2019
In short: This paper shows that trust-building characteristics of fund managers affect purchase decisions of mutual fund investors. We exploit variation in fund managers' prior affiliations with the well trusted U.S. military institution and relate it to fund flows. Results show that funds with ex-military managers receive significantly higher flows and grow by 7.4% p.a. faster relative to other funds.
Selected Published Papers:
Solvency Risk Premia and the Carry Trades (2019) Journal of International Financial Markets, Institutions & Money, 60, 50-67. (single-authored)
Currency momentum, carry trade and market illiquidity (2016) Journal of Banking and Finance, 7, 1-11. (single-authored)
Other publications: Google Scholar
2019 Best paper award for “In Military We Trust: The Effect of Managers’ Military Background on Mutual Fund Flows”, by American Association of Individual Investors
2018 Best Doctoral Dissertation in Finland award, OP Financial Group Research Foundation
2016 Columbia Business School, Research visit grant, from OP foundation; Markus Wallenberg foundation grant; NFN travel grant; CUNEF Research visit travel grant by Markus Wallenberg foundation
2019 NBER SI 2019 Asset Pricing; SFI Research days; SFA 2019
2017/2018 EFMA, Milan; EFA, Jacksonville; GSOM, St. Petersburg.
2016 Paris December Finance Meeting; University of St. Gallen, Switzerland; NFN PhD Workshop (NHH), Norway; CUNEF (seminar), Spain; Infiniti, Ireland; IFABS, Spain.
2015 Columbia Business School (seminar), NYC; MFA, Chicago; EFA, New Orleans; Winter GSF workshop, Finland.