AQR Asset Management Institute

Experience

Anna Pavlova is Professor of Finance at London Business School. She is also an Academic Director of the AQR Asset Management Institute at London Business School, a Research Fellow of the Centre for Economic Policy Research in London and a former Director of the European Finance Association. As of December 2018, she was elected a Director of the American Finance Association.

Prior to joining London Business School, she was on the faculty at MIT Sloan School of Management. She holds a PhD in Economics from the University of Pennsylvania, an MA in Economics from the New Economic School (Moscow) and an MSc in Applied Mathematics from Moscow State University.

Professor Pavlova has published in top journals such as the American Economic Review, Journal of Finance, Review of Financial Studies and the Review of Economic Studies. Her recent research focuses on the impact of institutional investors on asset prices, the financialisation of commodities and frictions in international financial markets. Anna has been awarded an ERC Starting Grant and has received a number of other prestigious awards for her research and teaching.

Experience

Richard Portes, Professor of Economics at London Business School, is Founder and Honorary President of the Centre for Economic Policy Research (CEPR), inaugural holder of the Tommaso Padoa-Schioppa Chair at the European University Institute, and Co-Founder and Co-Chair (1984-2016) of the Board of Economic Policy. He is an elected Fellow of the Econometric Society and of the British Academy. He is Chair of the Advisory Scientific Committee to the European Systemic Risk Board (and Co-Chair of the ESRB’s Joint Expert Group on Shadow Banking), of the Steering Committee of the Euro50 Group, and of the Bellagio Group on the International Economy.

Professor Portes was a Rhodes Scholar and a Fellow of Balliol College, Oxford (of which he is now an Honorary Fellow), and has also taught at Princeton and Birkbeck College (University of London). He has been Distinguished Global Visiting Professor at the Haas Business School, University of California, Berkeley, and Joel Stern Visiting Professor of International Finance at Columbia Business School. He holds three honorary doctorates.

His current research interests include international macroeconomics, international finance, macroprudential regulation, European bond markets and European integration. He has written extensively on globalisation, sovereign borrowing and debt, European monetary issues, European financial markets, credit default swaps and international capital flows. Professor Portes was decorated CBE in the 2003 New Year’s Honours.

Experience

Professor Stephen Schaefer has published widely on fixed income markets, risk management, credit risk and financial regulation. His research includes a study on corporate debt default in the US over the past 150 years, which was awarded first prize in the 2011 Fama/DFA Award for the Best Paper Published in the Journal of Financial Economics in the areas of capital markets and asset pricing. He also received the 2015 Jack Treynor Prize from the Q Group, which recognises academic working papers with potential applications in the fields of investment management and financial markets.

Professor Schaefer was formerly a faculty member of the Graduate School of Business at Stanford University. He has also been a visiting professor at the Universities of British Columbia, California (Berkeley), Cape Town, Chicago and Venice, where he was recently awarded an Honorary Fellowship. Today, he is the lead Academic Director for the London Business School’s AQR Asset Management Institute.

Outside academic life, he has consulted widely for a variety of financial institutions and is a co-author of two major reports for the Norwegian Ministry of Finance on the management of the Norwegian Government Pension Fund (the ‘Oil Fund’).

He has also been an independent board member of the Securities and Futures Authority; a senior research advisor to Moody’s KMV; a non-executive director of Leo Fund Management; a trustee-director of Smith Breeden Mutual Funds and a member of Moody’s Academic Research and Advisory Committee.