Professor of Finance
Director of Research (Finance)
Chairman of the Centre for Endowment Asset Management (CEAM)
BA (Newcastle University), MCom (Birmingham University), PhD (University of London), Hon FIA (Institute of Actuaries), Hon FSIP (CFA Institute)
My research and consultancy focus on active ownership and on investing for the long term. I have a particular interest in endowment asset management and formerly chaired the Strategy Council for Norway’s sovereign wealth fund, as well as the Policy and Advisory Boards of FTSE Russell. My co-authors and I have become well known for our global research on the investment performance since 1900 of all the main asset categories. I’m part of the Finance subject group at Cambridge Judge Business School, which studies the investment and financing decisions of individuals, firms, and institutions.
A key purpose of my research is to help investors understand today’s markets by studying and interpreting financial history.
Professional experience
Elroy Dimson is a Professor of Finance at Cambridge Judge Business School, and is co-founder and Chairman of the Centre for Endowment Asset Management. He formerly served as chair of the Strategy Council for Norway’s sovereign wealth fund, and as chair of the Policy and Advisory Boards of FTSE Russell. He is a member of the Financial Economists Roundtable and of the European Corporate Governance Institute. He is a Fellow or Honorary Fellow of CFA UK, the Institute of Actuaries, the Royal Historical Society, the Risk Institute at Ohio State University, and Gonville & Caius College, Cambridge.
Professor Dimson’s books include Triumph of the Optimists and the Global Investment Returns Yearbook (with Paul Marsh and Mike Staunton), Endowment Asset Management (with Shanta Acharya), and Financial Market History (with David Chambers). Recent publications are on active ownership (Review of Financial Studies), real assets (Journal of Financial Economics), financial history (Journal of Financial and Quantitative Analysis), endowment strategy (Financial Analysts Journal), and long-horizon investing. His PhD is from London Business School.
Previous appointments
Elroy Dimson has been an Emeritus Professor at London Business School since 2009. Prior to 2009, he served LBS as Professor of Finance, Faculty Governor, Chair of the Finance Area, Chair of the Accounting Area, Dean of MBA Programmes, and Director of the Initiative on Foundation and Endowment Asset Management. He has held visiting positions at Chicago, Berkeley, the Bank of England, and other institutions, as well as a variety of board positions.
Publications
Selected publications
- Dimson, E., Marsh, P. and Staunton, M. (2022) Global investment returns yearbook 2022. Zurich: Credit Suisse Research Institute.
- Chambers, D., Dimson, E. and Spaenjers, C. (2020) “Art as an asset: evidence from Keynes the collector.” Review of Asset Pricing Studies, 10(3): 490–520 (DOI: 10.1093/rapstu/raaa001)
- Chambers, D., Dimson, E. and Kaffe, C. (2020) “Seventy-five years of investing for future generations.” Financial Analysts Journal, 76(4): 5-21 (DOI: 10.1080/0015198X.2020.1802984)
- Dimson, E., Rousseau, P.L. and Spaenjers, C. (2015) “The price of wine.” Journal of Financial Economics, 118(2): 431-449 (DOI: 10.1016/j.jfineco.2015.08.005) (available online via the SSRN)
- Dimson, E. and Spaenjers, C. (2011) “Ex post: the investment performance of collectible stamps.” Journal of Financial Economics, 100(2): 443-458 (DOI: 10.1016/j.jfineco.2010.12.005)
- Chambers, D. and Dimson, E. (2009) “IPO underpricing over the very long run.” Journal of Finance, 64(3): 1407-1443 (DOI: 10.1111/j.1540-6261.2009.01468.x)
Journal articles
- Marsh, P., Dimson, E. and Staunton, M. (2024) “Corporate bonds and the credit premium: a distinct asset class with a long history.” Journal of Portfolio Management (forthcoming)
- Horan, S., Dimson, E., Emery, C. and Blay, K. (2022) “ESG investment performance evaluation: an integrated approach.” Journal of Investment Management, 20(4): 17-34
- Horan, S.M., Dimson, E., Emery, C., Blay, K. and Yelton, G. (2022) “The state of ESG investing: a portfolio management perspective.” Journal of Impact and ESG Investing, 2(4): 7-29 (DOI: 10.3905/jesg.2022.1.043)
- Atta-Darkua, V., Chambers, D., Dimson, E., Ran, Z. and Yu, T. (2021) “Practical applications of strategies for responsible investing: emerging academic evidence.” Practical Applications, 8(4): 1-8 (DOI: 10.3905/pa.8.4.421)
- Chambers, D., Dimson, E. and Ilmanen, A. (2021) “The Norway model in perspective.” Journal of Portfolio Management, 47(5): 178-187 (DOI: 10.3905/jpm.2021.1.230)
- Dimson, E., Marsh, P. and Staunton, M. (2021) “American exceptionalism: the long-term evidence.” Journal of Portfolio Management, 47(7): 14-26 (DOI: 10.3905/jpm.2021.1.257)
- Atta-Darkua, V., Chambers, D., Dimson, E., Ran, Z. and Yu, T. (2020) “Strategies for responsible investing: emerging academic evidence.” Journal of Portfolio Management, 46(3): 26-35 (DOI: 10.3905/jpm.2020.46.3.026)
- Chambers, D., Dimson, E. and Kaffe, C. (2020) “Seventy-five years of investing for future generations.” Financial Analysts Journal, 76(4): 5-21 (DOI: 10.1080/0015198X.2020.1802984)
- Chambers, D., Dimson, E. and Quigley, E. (2020) “To divest or to engage? A case study of investor responses to climate activism.” The Journal of Investing, 29(2): 10-20 (DOI: 10.3905/joi.2020.1.114)
- Chambers, D., Dimson, E. and Spaenjers, C. (2020) “Art as an asset: evidence from Keynes the collector.” Review of Asset Pricing Studies, 10(3): 490–520 (DOI: 10.1093/rapstu/raaa001)
- Dimson, E., Marsh, P. and Staunton, M. (2020) “Divergent ESG ratings.” Journal of Portfolio Management, 47(1): 75-87 (DOI: 10.3905/jpm.2020.1.175)
- Dimson, E., Marsh, P. and Staunton, M. (2020) “Exclusionary screening.” Journal of Impact and ESG Investing, 1(1): 66-75 (DOI: 10.3905/jesg.2020.1.1.066)
- Dimson, E., Marsh, P. and Staunton, M. (2017) “Factor-based investing: the long-term evidence.” Journal of Portfolio Management, 43(5): 15–37 (DOI: 10.3905/jpm.2017.43.5.015)
- Chambers, D. and Dimson, E. (2016) “The master’s choice.” London Business School Review, 27(2): 38-39 (DOI: 10.1111/2057-1615.12117)
- Chambers, D. and Dimson, E. (2015) “The British origins of the US endowment model.” Financial Analysts Journal, 71(2): 10-14 (DOI: 10.2469/faj.v71.n2.7) (available online via the SSRN)
- Chambers, D., Dimson, E. and Foo, J. (2015) “Keynes the stock market investor: a quantitative analysis.” Journal of Financial and Quantitative Analysis, 50(4): 843-868 (DOI: 10.1017/S0022109015000186) (available online via the SSRN)
- Dimson, E., Rousseau, P.L. and Spaenjers, C. (2015) “The price of wine.” Journal of Financial Economics, 118(2): 431-449 (DOI: 10.1016/j.jfineco.2015.08.005) (available online via the SSRN)
- Dimson, E., Karakaş, O. and Li, X. (2015) “Active ownership.” Review of Financial Studies, 28(12): 3225-3268 (DOI: 10.1093/rfs/hhv044)
- Dimson, E. and Spaenjers, C. (2014) “Investing in emotional assets.” Financial Analysts Journal, 70(2): 20-25 (DOI: 10.2469/faj.v70.n2.8)
- Chambers D. and Dimson E. (2013) “Retrospectives: John Maynard Keynes, investment innovator.” Journal of Economic Perspectives, 27(3): 213-228 (DOI: 10.1257/jep.27.3.213)
- Dimson, E. and Spaenjers, C. (2011) “Ex post: the investment performance of collectible stamps.” Journal of Financial Economics, 100(2): 443-458 (DOI: 10.1016/j.jfineco.2010.12.005)
- Chambers, D. and Dimson, E. (2009) “IPO underpricing over the very long run.” Journal of Finance, 64(3): 1407-1443 (DOI: 10.1111/j.1540-6261.2009.01468.x)
Books, monographs, reports and case studies
- Dimson, E., Marsh, P. and Staunton, M. (2023) Credit Suisse global investment returns yearbook 2023. Zurich: Credit Suisse Research Institute.
- Dimson, E., Marsh, P. and Staunton, M. (2022) Global investment returns yearbook 2022. Zurich: Credit Suisse Research Institute.
- Horan, S.H., Dimson, E., Emery, C., Blay, K.A., Yelton, G. and Agarwal, A. (2022) ESG investment outcomes, performance evaluation, and attribution. London: CFA Institute Research Foundation.
- Evans, S., Marsh, P. and Dimson, E. (2021) Numis Smaller Companies Index: 2021 annual review. London: Numis Securities.
- Dimson, E., Marsh, P. and Staunton, M. (2020) Global investment returns yearbook 2020. Zurich: Credit Suisse Research Institute.
- Evans, S., Marsh, P. and Dimson, E. (2019) Numis Smaller Companies Index: 2019 annual review. London: Numis Securities.
- Dimson, E. and Marsh, P. (eds.) (2019) Risk measurement service. London: London Business School.
- Dimson, E., Marsh, P. and Staunton, M. (2017) Switzerland: a financial market history. Zurich: Credit Suisse Research Institute. (Available online)
- Chambers, D. and Dimson, E. (eds.) (2016) Financial market history: reflections on the past for investors today. London: CFA Institute Research Foundation.
- Chambers, D., Dimson, E., Segal, A.I. and Steiner, E. (2016) “The role of real estate: the case of Christ Church College.” Harvard Business School: 9-216-086.
- Chambers, D., Dimson, E., Viceira, L.M. and Corsi, E. (2016) “Models of endowment management: King’s College, Cambridge.” Harvard Business School: 9-216-023.
- Viceira, L.M., Chambers, D. and Dimson, E. (2016) “Clare College: seeking investment opportunity in a financial crisis.” Harvard Business School: 9-216-015.
- Acharya, S. and Dimson, E. (2007) Endowment asset management. Oxford: Oxford University Press.
- Dimson, E., Marsh, P. and Staunton, M. (2002) Triumph of the optimists. Princeton, NJ: Princeton University Press.
Book chapters
- Dimson, E. (2023) “A global view and American exceptionalism.” In: Siegel, L.B. and McCaffrey, P. (eds.) Revisiting the equity risk premium. Charlottesville, VA: CFA Institute Research Foundation, pp.7-11
- Atta-Darkua, V. and Dimson, E. (2018) “Diversifisering på tvers av industrisektorer [Sector exclusion].” In: Thøgersen, Ø. (ed.) Energiaksjer i Statens pensjonsfond utland [Energy shares in the Government Pension Fund Global]. Oslo: Norwegian Ministry of Finance, pp.117–134 (Available online)
- Dimson, E., Marsh, P. and Staunton, M. (2018) “The evolution of equity markets.” In: Faber, M. and Remsburg, J. (eds.) The best investment writing: selected writing from leading investors and authors: vol.2. Petersfield: Harriman House, pp.5-12
- Dimson, E., Marsh, P. and Staunton, M. (2017) “Five factors that influence investment returns.” In: Parker, C. (ed.) Harriman’s new book of investing rules. Petersfield: Harriman House, pp.215–220
- Dimson, E., Marsh, P. and Staunton, M. (2016) “Long-term asset returns.” In: Chambers, D. and Dimson, E. (eds.) Financial market history: reflections on the past for investors today. Charlottesville, VA: CFA Institute Research Foundation, pp.2-26
- Chambers, D., Dimson, E. and Foo, J. (2015) “Keynes, King’s and endowment asset management.” In: Brown, J.R. and Hoxby, C.M. (eds.) How the financial crisis and great recession affected higher education: National Bureau of Economic Research Conference Report. Chicago, IL: University of Chicago Press, pp.127-150
- Dimson, E. and Spaenjers, C. (2014) “The investment performance of art and other collectibles.” In: Dempster, A.M. (ed.) Risk and uncertainty in the art world. London: Bloomsbury Publishing, pp.219-238
- Dimson, E., Marsh, P. and Staunton, M. (2008) “The worldwide equity risk premium: a smaller puzzle.” In: Mehra, R. (ed.) Handbook of the equity risk premium. Amsterdam: Elsevier.
Awards and honours
- Best Research Paper (for “Coordinated engagements” with Oguzhan Karakas and Xi Li), Brandes Institute, 2021
- Among top luminaries in Investment Luminaries and their Insights, CFA Institute Research Foundation, 2021
- Bernstein Fabozzi/Jacobs Levy Outstanding Article Award for “Factor-based investing: the long-term evidence” (with Paul Marsh and Mike Staunton), 2018
- The University of Cambridge Vice-Chancellor’s Impact Award, 2017
- Savvy Investor Best Investment Paper for Financial Market History, 2017
- FIR-PRI Award for Best Published Paper on Sustainability, 2016
- Graham and Dodd Best Perspectives Award, Financial Analysts Journal, 2015
- aCIO Top 10 Most Influential Academics in Institutional Investing, 2013
- Best Paper Award from AAWE for “The price of wine” (with Christophe Spaenjers), 2013
- Moskowitz Prize for Best Paper in 2012-13 for “Active ownership” (with Oguzhan Karakas and Xi Li), 2013
News and insights
Annual UBS Investment Returns Yearbook, co-authored by Professor Elroy Dimson of Cambridge Judge Business School, finds that Japan, Canada, Germany, Australia and other nations have lost stock market share to the US.
Three Cambridge Judge faculty – Lucio Sarno, Raghavenda Rau and Elroy Dimson – are cited in study as among the most prolific authors of papers in top finance journals.
Inflation hit decades-long highs in 2022, and easing is historically very slow from such levels, says new report co-authored by Elroy Dimson of Cambridge Judge Business School.
Media coverage
Financial Times | 7 July 2023
Bond bull markets: lessons from the past
A book by Elroy Dimson, Professor of Finance at Cambridge Judge Business School, is described as “invaluable” in this FT article about risk in fixed-income markets.
Advisor Perspectives | 29 June 2023
ESG investors improve corporate behavior
A study co-authored by Professor Elroy Dimson is featured in this article about how those who invest in stocks with positive environmental, social and governance (ESG) scores have improved the behaviour of those companies..
IR Magazine | 28 June 2023
Debunking media myths over ESG
References Professor Elroy Dimson’s study of one of the top engagement firms in the industry, which found that successful engagements led to positive stock market reactions.
The Economist, 21 June 2023
Inflation is as corrosive to investing as it is to the real economy
The Economist, 12 May 2023
Why commodities shine in a time of stagflation
The Economist, 26 April 2023
Five books on the best approaches to being an investor
City Wire, 3 March 2023
Credit Suisse’s yearly investment bible in five key charts
Financial Times, 1 March 2023
FTAV’s further reading
Bloomberg, 28 February 2023
Commodity futures as inflation hedge have their moment
Financial Times, 27 February 2023
Warren Buffett defends buybacks
Financial Times, 27 February 2023
Bond rout of 2022 ended ‘golden age’ for fixed income
The Wall Street Journal, 27 February 2023
Markets history 101: it’s time to buy bonds
The Economist, 21 June 2022
How attractively are shares now priced?
Money Week, 15 March 2022
What’s happened to the small-cap effect?
The Times, 8 March 2022
Patrick Hosking – Taking the long view can be a guide to dealing with constant surprises
The Wall Street Journal, 26 February 2022
How to invest calmly in a chaotic world
Financial Times, 25 February 2022
The crisis in Ukraine adds a further dose of uncertainty to markets
The Times, 2 January 2022
Ian Cowie: Five investment reasons to be cheerful
Entrepreneur, 28 October 2021
Seven momentum stocks to buy ASAP
Market Watch, 15 October 2021
Opinion: Why this ETF of ‘sin’ stocks is likely to reward investors with saintly results
Financial Times, 21 July 2021
Beware the siren call of investment advertising
Live Wire, 21 July 2021
Keynes as investor-speculator
Financial Times, 11 July 2021
Equities are the only sensible foundation for private pensions
The Wall Street Journal, 11 May 2021
If inflation is coming, here is what to do about it
Financial Times, 5 May 2021
Lessons in investing from John Maynard Keynes
El Economista, 13 April 2021
Generation Z will earn a third less on their investments in stocks and bonds
Barron’s, 26 March 2021
Here are the stocks to buy now that the easy money has been made
The Economist, 16 March 2021
Young people stand to make dismal returns on their investments
The Telegraph, 8 March 2021
Think you know emerging markets? Think again
Bloomberg, 5 March 2021
Powell needs a stock selloff to act on bond yields
Business Insider, 16 February 2021
Seven stocks to buy to get the most out of more stimulus
The Sunday Times, 14 February 2021
Square Mile wobbles as European share trading goes Dutch
RIA Intel, 11 February 2021
An alternative investment to savor: wine
Investors Chronicle, 11 February 2021
The future is small
Frankfurter Allgemeine, 17 January 2021
Best long-term stocks
Financial Times, 15 December 2020
There is no stock market bubble
The Wall Street Journal, 6 December 2020
Thank the Fed for the stock market’s run
Investment Week, 24 November 2020
From 20 to zero: What is not to love about Chinese equities?
Your Money, 23 October 2020
How to use your savings to make a positive change in the world
MarketWatch, 13 October 2020
Opinion: Ivy League colleges shun Warren Buffett’s advice
Forbes, 3 October 2020
Making ESG (Environmental, Social and Governance) investing effective
WE Wealth, 2 October 2020
Famous collections: Keynes and the art of investing
The Economist, 2 October 2020
Lessons from the endowment model
Bloomberg, 28 September 2020
Endowments’ hedge fund bet has long-term advantage
Forbes, 8 September 2020
Inside the big threat to sustainable investing
The Wall Street Journal, 30 July 2020
What the history of very low interest rates can tell investors
The Telegraph, 22 July 2020
How to invest like… John Maynard Keynes
MarketWatch, 22 June 2020
Opinion: Bulls just won’t believe what interest rates are saying about U.S. stock and bond returns for the next 5 years
The Economist, 28 May 2020
What is the link between inflation and equity returns?
Financial Times, 17 April 2020
Vix ‘fear gauge’ in recovery from Covid-19 shock
Forbes, 12 April 2020
Wider closed-end fund discounts have historically been a good sign, should you bite?
Money Web, 9 April 2020
Investors, fasten your seatbelts!
Financial Times, 1 April 2020
Are ESG and sustainability the new alpha mantra?
Cambridge Independent, 28 February 2020
From Hollywood ‘logic’ to ‘highly institutionalised myths’ of the workplace
CNBC, 28 February 2020
New research going back 120 years backs up Warren Buffett’s simple advice on investing
Bloomberg, 6 February 2020
Invest in art or stocks? Keynes has an answer (well, sort of)
The Times, 31 January 2020
John Maynard Keynes’s art collection yields a stunning return
The Irish Times, 7 January 2020
Can stock markets keep rising in 2020?
Money Observer, 13 November 2019
Woodford saga risks putting investors off smaller companies
The C Suite podcast, 7 November 2019
ESG investing – the practical realities
Funds Europe, 17 September 2019
Inside view: Do investors have to sacrifice returns to invest responsibly?
Market Timing Australia, 18 July 2019
Twelve big takeaways from stock market history
Funds People, 8 July 2019
The paradox of Theseus applied to portfolio management
The Telegraph, 1 May 2019
How to invest like… the co-creator of the FTSE100
The Retirement Café, 30 April 2019
Investing successfully for the long-term
Financial Times, 27 March 2019
Emerging market equities justify their existence
Barron’s, 8 March 2019
This stock market still looks good, even after ten years
Investors Chronicle, 6 March 2019
‘China’s long march of optimism
The Wall Street Journal, 5 March 2019
Trump might not like it, but the dollar should be strong
FT Adviser, 4 March 2019
DFMs’ immaturity problem, the 119-year-old index secret, and an unwelcome surprise
Bloomberg, 28 February 2019
Are China’s stocks outperforming? It’s complicated
Money Marketing, 28 February 2019
Blind optimism, not wars, kills investment returns
Financial Times, 2 February 2019
Climate fight will upheave fund sector, says archbishop
Financial Planning, 22 January 2019
Trump vs Obama: Who had best 2-year stock market gains
Financial Times, 20 January 2019
Aim not what it seems as more groups deliver profit
Moneytalk, 8 January 2019
‘In the long run, equities are the most profitable investment’
Evidence Investor, 22 November 2018
Elroy Dimson on the most important lesson from market history
Barrons, 9 November 2018
Ron Baron says stocks will double in ten years. What’s so special about that?
Financial Times, 21 September 2018
Long-term investing is simple – no matter what the ‘experts’ say
The Wall Street Journal, 10 September 2018
Economic confidence is really high. Perhaps it’s time to sell.
Capital, 15 August 2018
Elroy Dimson: “Anyone can invest like a sovereign wealth fund”
Financial Times, 7 August 2018
Pessimists in the ascendancy
The Wall Street Journal, 26 July 2018
The market isn’t going to save you from saving too little
Arzte Zeitung, 21 July 2018
Wines are excellent assets
Money Week, 15 June 2018
Momentum investing: what it is, why it works and what to buy
The Wall Street Journal, 4 June 2018
A decade later, US stocks behave like Lehman never happened
Business Day, 14 May 2018
Tracker funds can also foster responsible investment practices
The Wall Street Journal, 30 April 2018
The real risk is believing that volatility is risk
Daily Reckoning, 23 April 2018
Investors quit the fag
Seeking Alpha, 9 April 2018
Keynes’ art
Meb Faber Research, 4 April 2018
High valuations don’t necessarily mean asset prices will collapse
The Wall Street Journal, 30 March 2018
What it takes to build a $100 million art collection
Daily Mail, 23 February 2018
Buying a house might not be the best bet for returns
The Wall Street Journal, 23 February 2018
Stocks are probably overpriced, but don’t be too sure
The Economist, 22 February 2018
Why low returns are inevitable
Financial Times, 21 February 2018
Gold, violins and wine don’t cut it as a rival to stocks
Financial Planning, 19 January 2018
Trump vs. Obama: Who had best first year stock market gains?
Seeking Alpha, 28 December 2017
Financial market history can help today’s investors
Money Week, 30 November 2017
Where to find the hottest growth stocks
Financial Times, 29 November 2017
Tulip bulbs vs bitcoin: a bubble comparison
Cambridge Business Magazine, 1 August 2017
Five key ‘factors’ in factor investing
Business Weekly, 14 July 2017
University honours new Cambridge ideas changing the world
Globe Advisor, 6 July 2017
How to brace yourself for the inevitable stock-market crash
Cambridge Business Magazine, 1 July 2017
Economists look for ‘pragmatic’ approach to corporate tax reform
Neue Zürcher Zeitung, 29 June 2017
Switzerland as a financial giant
Ignites Europe, 24 May 2017
Selector raises concerns with multifactor smart beta funds
Cambridge Business Magazine, 1 April 2017
Don’t panic!
Financial Times, 18 March 2017
Theorist who honed how best to price traded assets
The Economist, 18 March 2017
Do smart-beta investment funds work?
Global Investor Magazine, 14 March 2017
Judgement day for smart beta
Financial Times, 9 March 2017
Popular ‘smart beta’ strategies reveal their true value in trial
The Economist, 2 March 2017
Interest rates and investment returns
Financial Times, 28 February 2017
Trump reflation trade goes global
Yahoo Finance, 24 February 2017
America’s stock market was dominated by one industry in 1900
Financial Times, 11 February 2017
The importance of bubbles that did not burst
The Economist, 8 February 2017
Bubbles are rarer than you think
ESG Magazine, 1 December 2016
The 2016 winners
The Daily Telegraph, 15 November 2016
How to invest like… Norway’s oil fund
Financial Times, 9 November 2016
Donald Trump and the bonfire of the certainties
Financial Times, 27 October 2016
Getting ‘engaged’ offers path to salvation for active managers
Financial Times, 26 October 2016
Ethical investing’s rebranding is actually one of substance
The Economist, 13 August 2016
Back in fashion: Emerging markets are popular with investors again
The Wall Street Journal, 14 July 2016
The new abnormal: coping with weirdness in bonds
The Wall Street Journal, 27 June 2016
The more it hurts, the more you make it: Investing after Brexit
Cambridge News, 15 March 2016
Keynes and the US universities’ money
The Financial, 10 March 2016
Finance experts receive Graham & Dodd Award
Cambridge Business Magazine, 1 March 2016
Markets ‘kind’ to midcaps along with microcaps
Financial Times, 17 February 2016
Rising interest rates are bad for stocks
Investors Chronicle, 10 February 2016
Three charts to explain rate rises, asset prices and Yellen’s dilemma
Arts and Collections International, 2 February 2016
Art investment: Risk and reward
The Economist, 23 January 2016
Watch what they pay
Financial Times, 18 January 2016
US equities: Patience needed for volatile US small-caps
Financial Times, 15 January 2016
Small-caps outperform the FTSE yet again
Financial Times, 16 December 2015
Climate talks mark turning point for investors
Financial Times, 11 December 2015
Bordeaux wine is for investing, not just for drinking
Financial Times, 11 December 2015
Wine is a fine investment
IRRC Institute, 10 December 2015
Winners of 2015 IRRC Institute Research Award challenge conventional wisdom on fossil fuel divestment; influence of passive investors
The Economist, 21 November 2015
Many unhappy returns
Cambridge Business Magazine, 1 October 2015
Keynes’ role as an investor chronicled
The Huffington Post, 18 June 2015
A framework for responsible investing
The Economist, 10 June 2015
Who low rates are not good for equity returns
Financial Times, 22 February 2015
The wages of sin is outperformance for investors
CPI Financial, 11 February 2015
Credit Suisse research shows established industries often beat new technology
The Sydney Morning Herald, 11 February 2015
Vice stocks yield higher returns than ethical stocks
South China Monitoring Post, 11 February 2015
Tobacco glowing example that old industries are a better investment
Financial Times, 10 February 2015
Sin stock pay as alcohol and cigarettes beat sober rivals
The Wall Street Journal, 10 February 2015
How sectors make or break investors
Cambridge Network, 20 January 2015
Review of UK small-cap returns
Reuters, 31 December 2014
Saft on wealth: drink, don’t hold, fine wine
Cambridge Network, 15 December 2014
The Cambridge – Oslo connection
Financial Times, 5 September 2014
How to see into the future
Climateer Investing, 19 July 2014
Research reveals that wine outperformed art, stamps and bonds throughout the 20th century
Financial Advisor, 2 June 2014
Keynes’ way to wealth
Financial Times, 23 May 2014
Fine wine’s asset value is not just a matter of taste
Every Investor, 21 May 2014
Investing in wine produces heady returns
The Daily Telegraph, 20 May 2014
The best investment of the 20th century? Red wine
Reuters, 20 May 2014
Forget the bonds and get a glass – red wine is a winner in 20th century
New York Times, 16 May 2014
Some wines are worth not drinking
British Academy, 30 April 2014
Understanding financial markets: Research, practice and policy
New York Times, 10 February 2014
John Maynard Keynes’ own portfolio not too dismal
British Airways Business Life, 10 December 2013
What can we learn from macroeconomics pioneer John Keynes’ slow start
The Daily Telegraph, 26 October 2013
How to invest like… J. Maynard Keynes
Value Walk, 23 September 2013
Why Keynes gave up market timing
Financial Times, 24 August 2013
A lesson from the other ‘sage’ of investing
PR Newswire, 25 April 2013
Major new responsible investing study sought for 2013 Moskowitz Prize recognition
Financial Times, 10 March 2013
Active ownership offers win-win strategy
Pensions & Investments, 18 February 2013
AQR managing director nabs 2 prizes
Pensions & Investments, 29 October 2012
Moskowitz prize winners show corporate SRI engagements pay off
Pensions & Investments, 4 October 2012
Three receive Moskowitz Prize for study of corporate SRI engagements
The Psy-Fi Blog, 3 October 2012
Keynesian investing: changing facts, changing minds
CIO, 3 October 2012
Endowment investors might learn a lot from Keynes
BBC2, 17 September 2012
Keynes investment strategy
Harvard Law School Forum, 10 September 2012
Ownership dispersion and the London Stock Exchange’s “Two-thirds rule”
Financial Times, 22 August 2012
Keynes, the hedge fund pioneer
The Financial Times, 19 August 2012
Investment – Norway’s nest egg