Christopher Geczy

Chris Geczy has been on the Finance Faculty at Wharton since 1997 and is Academic Director of the Jacobs Levy Equity Management Center for Quantitative Financial Research. He is also Academic Director of the Wharton Wealth Management Initiative at Wharton Executive Education. He has a B.A. in economics from the University of Pennsylvania and a Ph.D. in finance and econometrics from the Graduate School of Business at the University of Chicago.

Dr. Geczy regularly teaches investment management and cocreated the first full course on hedge funds at The Wharton School, the course Impact Investing, and a number of executive education courses. He has taught AIMR/CFA Instituteaccredited professional Risk Management courses through the University of Chicago's Graduate School of Business. Before his studies at Chicago, Chris worked for the Board of Governors of the Federal Reserve System, Washington, D.C., in its Division of Research and Statistics. Chris is a Fellow of the Wharton Financial Institutions Center and has been the New York Stock Exchange Fellow and the GeewaxTerker Fellow at the Rodney L. White Center for Financial Research at Wharton. He has been the Academic Director of a number of Wharton Executive Education programs including the 2009 Securities Industry Institute in partnership with SIFMA, the Investment Management Consultants Association Endowments and Foundations, Alternative Investments and the advanced Investment Strategist Certificate programs.

He serves on Intel’s US Retirement Plans’ Investment Policy Committee. He has served on the Economic Advisory Board of NASDAQ, acts as an editor of the Journal of Alternative Investments and serves on the Advisory Board of the Journal of Wealth Management. Chris is a founding board member of the MidAtlantic Hedge Fund Association (Chairman 2007 2008), and he serves on the curriculum and exam committee of the Chartered Alternative Investment Analyst Association (CAIA). Chris also serves on the board of the Alexander Hamilton Friends Association.

Current research focuses on multifactor models, wealth management, risk management, asset allocation, the performance of managed funds, and various aspects of equity lending and shortselling. His work has appeared in numerous books and scholarly journals including the Journal of Finance_, Journal of Financial Economics, and the Journal of Political Economy. It has also been reported in the Wall Street Journal, the New York Times, the Financial Times, _Forbes, NPR, SmartMoney magazine, on CNBC’s Squawk Box and in numerous other media.

Research

• Christopher Geczy and Mikhail Samonov (2018), Two Centuries of Price-Return Momentum, Financial Analysts Journal, Volume 72 (No. 5).
• Christopher Geczy, David Musto, Jessica Jeffers, Anne M. Tucker (2017), In Pursuit of Good & Gold: Data Observations of Employee Ownership & Impact Investment, Seattle University Law Review, 40.
• Christopher Geczy (2016), The New Diversification: Open Your Eyes to Alternatives, The Journal of Portfolio Management, 40:5.
• Christopher Geczy, David Musto, Jessica Jeffers, Anne M. Tucker (2015), Institutional Investing When Shareholders Are Not Supreme, Harvard Business Law Review , 5:1.
• Christopher Geczy (2013), Financial Market Assumptions & Models for Pension Plans: A Technical Comment on the PIMS Model Assumptions for Asset Markets, incorporated in report of the Technical Review Panel for the Pension Insurance Modeling System (PIMS) (Olivia S. Mitchell, chair), Pension Benefit Guaranty Corporation.
• Rich Evans, Christopher Geczy, David Musto, Adam V. Reed (2009), Failure is an Option: Impediments to Short Selling and Options Prices, Review of Financial Studies, Forthcoming.
• Christopher Geczy, Susan Christoffersen, David Musto, Adam Reed (2007), Vote Trading and Information Aggregation, Journal of Finance.
• Christopher Geczy, Robert F. Stambaugh, David Levin (Working), Investing in Socially Responsible Mutual Funds.
• Susan Christoffersen, Christopher Geczy, David Musto, Adam Reed (2005), Cross-Border Dividend Taxation and the Preferences of Taxable and Non-Taxable Investors: Evidence from Canada, Journal of Financial Economics, Vol. 78 (Issue 1), pp. 121-144. 10.1016/j.jfineco.2004.08.004
• Christopher Geczy, David Musto, Adam Reed (2002), Stocks are Special Too: An Analysis of the Equity Lending Market, Journal of Financial Economics, 241-269. 10.1016/S0304-405X(02)00225-8
• Alon Brav, George Constantinides, Christopher Geczy (2002), Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence, Journal of Political Economy, 793-824.
• Alon Brav, Christopher Geczy, Paul Gompers (2000), Is the Abnormal Return Following Equity Issuances Anomalous?, Journal of Financial Economics, 209-249.