Finance — MBA — Business Administration — Financial Analysis
Ludwig  Chincarini

Ludwig Chincarini

Associate Professor

Associate Professor Ludwig B. Chincarini brings to USF over fifteen years of professional experience in the financial industry, specializing in portfolio management, quantitative equity management, and derivatives. He is the author of the industry standard Quantitative Equity Portfolio Management and a new book about the financial crisis titled The Crisis of Crowding. At present, Professor Chincarini serves on the Academic Board of IndexIQ, an innovative firm that creates exchange traded funds (ETFs).

As a former Research Analyst for the trading operations and the portfolio management division of the Bank for International Settlements (BIS) - known commonly as "the Central Bank of Central Banks" - Professor Chincarini managed a U.S. Treasury portfolio and assisted central banks and dealers with innovative investment strategies.

Leveraging knowledge, theory, tools and practice, Dr. Chincarini prepares his students to enter financial careers in an ever-expanding digital age, where information and monetary exchange occurs instantaneously and variable shifts can affect global markets. He draws inspiration from his experience as Director of Research for an online investment firm specializing in personal accounts, where his team built the system to quantitatively manage over 120 client portfolios.

Education

Ph.D., Economics, Massachusetts Institute of Technology, 1995
B.A., Economics (Summa Cum Laude), University of California at Berkeley, 1991

Courses Offered
  • The following courses represent the last 3 years of teaching and do not represent the current course offerings.
  • MBA 6201: Investment II
  • MSFA 712: Financial Markets
  • MSFA 740: Capital Market Theory
Publications

The following list is a selection of recent publications and does not represent the entire body of research.

The Crisis of Crowding: Quant Copycats, Ugly Models, and the New Crash Normal, Bloomberg/Wiley, 2012

Quantitative Equity Portfolio Management: an Active Approach to Portfolio Construction and Maintenance, McGraw-Hill, 2006 (with Daehwan Kim)

"Hedge Funds: An Introduction," Chapter 1, Research Handbook on Hedge Funds, Private Equity and Alternative Investments, Edgar Publishing, 2011

"Measuring Hedge Fund Timing Ability Across Factors," Journal of Investing, Winter 2011 (with Alex Nakao)

"A Multi-Asset Approach to Inflation Hedging for a US Investor," Journal of Portfolio Management, Spring 2011 (with Salvatore Bruno)

Honors and Awards

Peter W. Gonzales Jr. Award for Adjunct Faculty Teaching Excellence, McDonough School of Business, Georgetown University, 2006

Departmental Citation and Earl Rolph Prize, UC Berkeley, 1991

Other

Academic Council, IndexIQ, 2006 - present

Editorial Advisory Board, Journal of Investment Consulting, 2013 - present

Director of Research, Rydex Global Advisors, 2002 - 2003

Assistant Professor of Economics, Pomona College, 2007 - 2012

Adjunct Professor, Georgetown University McDonough School of Business, 2003 - 2007

Ludwig Chincarini, University of San Francisco School of Management