Andrea L. Eisfeldt
Laurence D. and Lori W. Fink Endowed Chair in Finance and Professor of Finance
Andrea Eisfeldt’s research over the years has focused on macroeconomics and finance, specifically the dynamics of market liquidity and the effects of financial frictions on investment. Her latest research looks at complex assets and tries to understand why complex securities tend to have higher average returns. She is exploring why over-the-counter derivatives trading is such a concentrated market and, among other things, why dealers earn such high intermediation profits.
Including intangible assets in book value vastly improves the strategy’s returns
Andrea Eisfeldt finds that hedge funds with infrastructure to execute sophisticated arbitrage crowd out less-expert investors
Researchers’ model could quantify the risks in the growing movement to ease up on Dodd-Frank regulations
A unique data set provides fresh insights for the growing institutional investor market