Hugues Langlois

Hugues Langlois holds a Masters in Financial Engineering (2008) from HEC Montreal and a BCom in Finance and Economics (2006) and a PhD in Finance (2014) from McGill University.

His main area of research is asset pricing with a special emphasis on investment management. His work has been published in the Review of Financial Studies, the Journal of Financial Economics, the Journal of Financial & Quantitative Analysis, and the Review of Finance. His work on return asymmetries was awarded the 2015 Crowell First Prize from PanAgora Asset Management. Hugues also worked from 2007 to 2013 as a portfolio manager at a financial institution in Canada.

Hugues Langlois created in 2016 the AXA-HEC MOOC Investment Management in an Evolving and Volatile World. This online course, whose lectures are jointly given by Hugues and managers at AXA Investment Management, introduces learners to asset management. So far more than 15,000 learners have enrolled to follow the course on the online platform Coursera.

Hugues Langlois is also the co-author of Rational Investing – The Subtleties of Asset Management, a short and non-technical book that gives an overview of the current state of practice and academic research in asset management.

EDUCATION

• 2014 Ph.D. in Management (Finance), McGill University, Faculty of Management - Canada
• 2008 M.Sc. Financial Engineering, HEC Montréal - Canada
• 2006 Bachelor of Commerce, McGill University, Faculty of Management - Canada

ACADEMIC APPOINTMENTS

Academic responsabilities at HEC

• 2020- Associate Professor HEC Paris
• 2014-2020 Assistant Professor, Finance HEC Paris
• 2014- Member of GREG HEC, the joint research laboratory CNRS-HEC ParisHEC Paris

External Academic Responsabilities

• 2012-2014 InstructorMcGill University, Faculty of Management
• 2006-2007 Teaching Assistant HEC Montréal

SCIENTIFIC ACTIVITIES

Editorial activities

• Reviewer, Review of Financial Studies, Journal of Financial Quantitative Analysis, Review of Finance, Journal of Banking and Finance, Journal of Econometrics, Journal of Business Economic Statistics, Journal of Financial Econometrics, Journal of International Money and Finance, Journal of Applied Econometrics, European Financial Management, Journal of Empirical Finance, Empirical Economics, North American Journal of Economics and Finance, Quantitative Finance, The World Economy, International Review of Economics and Finance, The Finance Review, Financial Analyst Journal

AWARDS & HONORS

• 2016 Inquire Europe
• 2015 2015 PanAgora Crowell Prize for his paper, Asset Pricing with Return Asymmetries: Theory and Tests.

Publications

SCIENTIFIC ARTICLES

Factors and Risk Premia in Individual International Stock Returns Journal of Financial Economics, August 2021, vol. 141, n° 2, pp 669-692, (in coll. with I. CHAIEB, O. SCAILLET)

How is Liquidity Priced in Global Markets? Review of Financial Studies, Septembre 2021, vol. 34, n° 9, pp 4216-4268, (in coll. with I. CHAIEB, V. ERRUNZA)

Measuring Skewness Premia Journal of Financial Economics, February 2020, vol. 135, n° 2, pp 399-424,

Dynamic Dependence and Diversification in Corporate Credit Review of Finance, March 2018, vol. 22, n° 2, pp 521-560, (in coll. with Peter CHRISTOFFERSEN, Kris JACOBS, Xisong JIN)

The Joint Dynamics of Equity Market Factors Journal of Financial and Quantitative Analysis, October 2013, vol. 48, n° 5, pp 1371-1404, (in coll. with P. CHRISTOFFERSEN)

Is the Potential for International Diversification Disappearing? A Dynamic Copula Approach Review of Financial Studies, December 2012, vol. 25, n° 12, pp 3711-3751, (in coll. with P. CHRISTOFFERSEN, V. ERRUNZA, K JACOBS)

BOOKS

Rational Investing - The Subtleties of Asset Management Columbia University Press 2017 (in coll. with J. LUSSIER)

CHAPTERS IN EDITED BOOKS

Optimal Hedging of American Options in Discrete Time Numerical Methods In Finance, R. Carmona, P. del Moral, P. Hu and N. Oudjane (Eds), Springer, Berlin, 145-170

WORKING PAPERS

A New Benchmark for Dynamic Mean-Variance Portfolio Allocations Cahier de Recherche du Groupe HEC , 2020

Is Liquidity Risk Priced in Partially Segmented Markets? Cahier de Recherche du Groupe HEC , 2018

Measuring Skewness Premia Cahier de Recherche du Groupe HEC , 2018

Time-Varying Risk Premia in Large International Equity Markets Cahier de Recherche du Groupe HEC , 2018