Ravi Jagannathan

Dr. Ravi Jagannathan is the Chicago Mercantile Exchange/John F. Sandner Professor of Finance at Northwestern University's Kellogg School of Management and Co-Director of the Financial Institutions and Markets Research Center at the Kellogg School (1997 - present). He has previously held positions as Piper Jaffray Professor of Finance (1993 - 1997) and Associate Professor of Finance (1989 - 1993) at the University of Minnesota's Carlson School of Management, Assistant Professor of finance at Northwestern University's Kellogg School (1983 - 1989), and as a Distinguished Visiting Professor at the Hong Kong University of Science and Technology (1994 - 1995), and has appointments as Special Terms professor at Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University (2012+) and the Indian School of Business (2012-2014) and Finance Area Coordinator at the Indian School of Business (2014+).

Ravi received a Ph.D. in Financial Economics (1983) and an M.S. in Financial Economics (1981) from Carnegie Mellon University, an M.B.A. from the Indian Institute of Management at Ahmedabad (1972), and a B.E. in Mechanical Engineering from the University of Madras (1970). His Ph.D dissertation received the Alexander Henderson award for excellence in economics.

Ravi has served on the editorial boards of leading academic journals, and is a former executive editor of the Review of Financial Studies. He has served as a member of the Board of Directors of the American Finance Association and the Western Finance Association and is a past President of the Western Finance Association, the Society of Financial Studies, and the Financial Intermediation Research Society. He is a research associate of the National Bureau of Economics Research, a fellow of the Society for Financial Econometrics, and a member of the Board of Directors of the Financial Management Association.  He is the President of the Society for Financial Econometrics.

Ravi's research interests are in the areas of asset pricing, capital markets, and financial institutions. His articles have appeared in leading academic journals, including the Journal of Political Economy, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies. He is noted for his contributions to the development of the Hansen-Jagannathan bound, and the Hansen-Jagannathan distance that summarizes what is missing in an asset pricing model, the TGARCH volatility model, a contingent claims framework for evaluating the performance of actively managed portfolios, and the role of portfolio weight constraints in estimating vast covariance matrices with precision.  He received the 2014 Graham & Dodd, Murray, Greenwald Prize for Value Investing.

Education

• PhD, 1983, Financial Economics, Carnegie Mellon University
• MS, 1981, Financial Economics, Carnegie Mellon University
• MBA, 1972, Indian Institute of Management
• BE, 1970, Mechanical Engineering, University of Madras

Academic Positions

• Chicago Mercantile Exchange Distinguished Professor of Finance, Kellogg School of Management, Northwestern University, 1997-present
• Special Term Professor, Shanghai Advanced Institute of Finance, 2012-2015
• Special Term Professor, Indian School of Business, 2012-2014
• Visiting Professor, Marshall School of Business, University of Southern California, 2006-2006
• Adjunct Professor of Finance, School of Business and Management, Hong Kong University of Science and Technology, 1998-2005
• Visitng Professor, School of Business and Management, Hong Kong University of Science and Technology, 1994-1995
• Piper Jaffray Professor of Finance, Carlson School of Management, University of Minnesota, 1993-1997
• Adjunct Professor of Finance, Columbia Business School, Columbia University, 1992-1992
• Associate Professor, Carlson School of Management, University of Minnesota, 1989-1993
• Visiting Assistant Professor, Carlson School of Management, University of Minnesota, 1986-1988
• Assistant Professor, Kellogg School of Management, Northwestern University, 1983-1989

Professional Experience

• President, Society for Financial Econometrics, 2015-2017
• Director, Financial Management Association, 2013-2015
• President, Financial Intermediation Research Society, 2010-2011
• Member, IASB, Expert Advisory Panel on “Fair value measurement of financial instruments when markets become distressed or illiquid", 2008-2008
• Member, Financial Economists Roundtable, 2008-present
• Member, Executive Committee, Society for Financial Studies, 2005-2005
• President, Society for Financial Studies, 2002-2005
• President, Western Finance Association, 2004-2005
• Program Chair, Western Finance Association, 2004-2004
• Member, Option Valuation Group, FASB, 2003-2004
• Vice President, Western Finance Association, 2003-2003
• Director, American Finance Association, 2002-2004
• Vice President, Society for Financial Studies, 1999-2002
• Member, Share-based Payment Advisory Group, IASB, 2002-2002
• Director, American Finance Association, 1998-2000
• Director, Western Finance Association, 1997-2000
• President, Society for Financial Studies, 2002-2005

Awards

• Fellow of the Financial Management Association
• Graham & Dodd, Murray, Greenwald prize for Value Investing, GAMCO Asset Management and Columbia Business School
• Alexander Henderson Award for excellence in economics

Editorial Positions

• Advisory Board, Quarterly Journal of Finance, 2011-present
• Advisory Board, Journal of Investment Consulting, 2010-present
• Co-Editor, Journal of Financial Econometrics, 2008-2009
• Associate Editor, Journal of Portfolio Management, 2004-2009
• Associate Editor, Finance Letters, 2003-2009
• Editorial Board, Editorial Advisor, Journal of Investment Management, 2003
• Department Editor, Department Editor of Finance, Management Science, 2001-
• Advisory Board, Journal of Financial Econometrics, 2000-Present
• Associate Editor, Financial Management, 1999-2009
• Executive Editor, Review of Financial Studies, 1996-
• Associate Editor, Management Science, 1994-2001
• Editor, Review of Financial Studies, 1994-1996
• Associate Editor, Journal of Finance, 1994-1996
• Associate Editor, Review of Quantitative Finance and Accounting, 1994-present