KLAAS P. BAKS. Goizueta Business School, Emory University, Atlanta

Transcription

1 KLAAS P. BAKS Goizueta Business School Emory University Clifton Road Tel: (404) Atlanta, GA Fax: (404) ACADEMIC EMPLOYMENT Goizueta Business School, Emory University, Atlanta Executive Director of the Emory Center for Alternative Investments Goizueta Business School, Emory University, Atlanta Associate Professor in the Practice of Finance 2009 present 2013 present Goizueta Business School, Emory University, Atlanta Assistant Professor in the Practice of Finance Goizueta Business School, Emory University, Atlanta Assistant Professor of Finance, Tenure Track EDUCATION Wharton School of Business, University of Pennsylvania Ph.D. in Finance The Graduate School, Brown University Master of Arts in Economics Japan Prizewinners Programme, Leiden University, The Netherlands Postgraduate diploma in Japanese language and business studies University of Groningen, The Netherlands Master of Science in Econometrics: Cum Laude PUBLICATIONS Should investors avoid all actively managed mutual funds? A study in Bayesian performance evaluation with Andrew Metrick and Jessica Wachter, Journal of Finance 56, 2001, pp SELECTED OTHER RESEARCH PAPERS Overhang, Call Behavior, and Private Equity Performance with Clifton Green Value Creation in Private Equity with Clifton Green

2 Portfolio Valuations in Private Equity with Clifton Green Portfolio Concentration and Private Equity Risk with Clifton Green Market Failure and the Lost Economic Opportunities in Private Equity with Larry Benveniste Private Equity Performance Index with Larry Benveniste Private Equity Alignment Ranking with Larry Benveniste Fund Governance and Alternative Investment Performance with Clifton Green and Larry Benveniste Private Equity Overhang with Larry Benveniste, N. Jegadeesh and Breno Schmidt Alignment of Interest in the Private Equity Industry with Larry Benveniste A research agenda for alternative investments: a limited partner s perspective with Chris Rider The importance of analysts vs. brokers in the performance of stock recommendations with Jeffrey A. Busse Fund managers who take big bets: skilled or overconfident? with Jeffrey A. Busse and T. Clifton Green Global liquidity: measurement, implications and spillovers with Charles Kramer, International Monetary Fund Working Paper WP/99/128 On the incentives of analysts with Jeffrey A. Busse Characteristic based benchmarks revisited with Jeffrey A. Busse and T. Clifton Green On the valuation of venture capital securities with Andrew Metrick and Gabriel D. Carroll On the performance of mutual fund managers CASE STUDIES The buyout of Lone Star Steakhouse The acquisition of AHBR Lone Star fund V Caribbean Equity Partners A & B Barbarians at the Surf Break

3 CITATIONS OF RESEARCH IN NEWSPAPERS Alternatieve Beleggingen Verlagen Je Risico, Effect, January 2016 Do Alternative Investments Belong in Most Individuals Portfolios?, by Klaas P. Baks, Wall Street Journal, May 14, 2014 That star manager may have a minor role, by Mark Hulbert, New York Times, July 6, 2003 Are fund managers irrelevant: An 18 th -century theory suggests not, by Mark Hulbert, New York Times, October 10, 1999 INDUSTRY PRESENTATIONS The Investment Group for Enhanced Results in the 21 st Century, Los Angeles, CA, Discussion Facilitator, 2016 Consortium East, New York, NY, Keynote Speaker, 2015 Rotary Club, Atlanta, GA, Speaker, 2015 Retirement Industry Trust Association, Los Angeles, CA, Keynote Speaker, 2014 Sungard Asset Management Summit, Jacksonville, FL, Keynote Speaker, 2014 ACADEMIC PRESENTATIONS American Finance Association Meetings, 2009 (presenter) American Finance Association Meetings, 2007 (presenter) HKUST Finance Symposium, Hong Kong University of Science and Technology, 2006 (presenter & discussant) Western Finance Association Meetings, 2006 (discussant) Mitsui Life Symposium, University of Michigan, 2005 (discussant) 16 th Annual Conference on Financial Economics and Accounting, University of North Carolina, 2005 (discussant) Western Finance Association Meetings, 2002 (presenter) SIRIF Conference on the Performance of Managed Funds, 2001 (presenter) Financial Management Association program committee, 2004, 2005, 2006, 2007 Western Finance Association program committee, 2009, 2010, 2011, : University of Amsterdam, Michigan State University 2007: Temple University 2006: Erasmus University, Goldman Sachs Asset Management 2003: Warwick University, Groningen University 2002: American University, Emory University, Goldman Sachs Asset Management, Harvard Business School, MIT, Pennsylvania State University, Rice University, University of Arizona, University of Iowa, University of Michigan 2001: University of Pennsylvania, Tilburg University

4 HONORS AND AWARDS Marc F. Adler Prize for Excellence in Teaching, Emory University, 2015 Most Inspiring Educator Award, Emory Executive MBA, Emory University, 2015 Faculty Congeniality Award, Emory Executive MBA, Emory University, 2014 Emory Williams Teaching Award, Emory University, 2009 Trefftz Award for the best student paper at the Western Finance Association Meetings, 2002 Nominated for the Smith Breeden Prize for the best paper in the Journal of Finance, 2001 Dean s Fellowship for Distinguished Merit, University of Pennsylvania, Stephen R. Ehrlich Foundation Research Scholarship, Brown University, 1999 Abramson Award for exceptional dissertation progress, Brown University, 1999 Brown University Scholarship, Brown University, Japan Prizewinners Programme Scholarship, Dutch Government, 1996 STIR Scholarship, Dutch Government, 1995 TEACHING EXPERIENCE Emory University, Venture Capital & Private Equity (MBA), 26 sections, Emory University, Venture Capital & Private Equity (undergraduate), 13 sections, Emory University, Fundamentals of Alternative Investments (Executive MBA), 6 sections, Emory University, Alternative Investments: Perspectives from Practitioners (Executive MBA), 1 section, 2015 Emory University, Entrepreneurial Practicum, 2 sections, Emory University, Distressed Investing (Executive, MBA & undergraduate), 7 sections, Emory University, Private Equity Investing: Perspectives of Practitioners (Executive MBA, MBA & undergraduate), 5 sections, Emory University, Doing Deals: Private Equity (MBA/Law School, supervisor), 8 sections, Emory University, Illiquid Alternative Investments (MBA, supervisor), 7 sections, BOARD OF ADVISORS / BOARD OF DIRECTORS Triton Value Partners, Atlanta, GA 2006 present Transcardiac Therapeutics, Atlanta, GA 2008 present Two Capital Partners, Atlanta, GA 2009 present Michael C. Carlos Museum, Atlanta, GA 2014 present Panton Capital Holdings, Atlanta, GA 2014 present Peachtree Hotel Group, Atlanta, GA 2015 present RAISE Forum, Atlanta, GA 2015 present Campus MIO, Atlanta, GA Emory Bubble, GA Guardian Fund, Atlanta, GA Business Oriented Service Solutions (BOSS), Atlanta, GA Servinity, Atlanta, GA Power Engineering Services & Solutions, Monterrey, Mexico

5 OTHER WORK EXPERIENCE Capital markets division intern, International Monetary Fund, Washington D.C Financial research analyst, Deutsche Bank, Hong Kong Project finance analyst, Fuji Bank, Tokyo, Japan 1995 AFFILIATIONS American Finance Association Western Finance Association Wharton Financial Institutions Center, Fellow