Aneel Keswani

Prior to completing his PhD at London Business School, Aneel worked as an economist for a commodities research company and also as a senior school teacher. Aneel taught at both LSE and Lancaster University before coming to Cass, and has also consulted for various investment banks. His main research area is fund management and he is a Director of the Centre for Asset Management Research at Cass.

Qualifications

• PhD (Finance), London Business School, unknown
• MSc (Economics), London School of Economics, unknown
• MA (Economics), Cambridge, unknown

Expertise

Primary Topics

• Bond Markets
• Fixed-Income Investments
• Fund Management

Research Topics

• Mutual Fund Performance and Flows
• Credit risk in bond markets

Journal Articles (16)

• Keswani, A., Stolin, D. and Tran, A.L. (2017). Frenemies: how do financial firms vote on their own kind? Management Science, 63(3), pp. 631–654. doi:10.1287/mnsc.2015.2314.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Editorial Activities (7)

• Financial Review, Referee, 2008 – present.
• Journal of Banking and Finance, Referee, 2008 – present.
• Journal of Financial Research, Referee, 2008 – present.
• Journal of International Money and Finance, Referee, 2008 – present.
• Journal Business Finance and Accounting, Referee, 2006 – present.
• International Journal of Forecasting, Referee, 2005 – present. Journal of Finance, Referee, 2002 – present.