Ludovic Phalippou is an Associate Professor of Finance at Saïd Business School, University of Oxford, who specialises in private equity. His research papers have been cited more than 1,000 times according to Google scholar, presented in over 50 university seminars around the world, downloaded over 40,000 times on ssrn.com, and have been published in leading academic journals such as the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics and the Journal of Economic Perspectives.
Ludovic focuses on the areas of private equity that are of interest to investors and potential investors in that asset class, such as risk management, liquidity and measurement of returns. His deep interest in the concerns facing professionals across the world is reflected in his teaching and research. He has strong links with senior practitioners in the industry, routinely speaks at practitioner conferences, and appears in the media internationally (including The Economist, Financial Times, New York Times). He worked with a number of large institutional investors on their private equity investment decisions and benchmarking systems (e.g. Norway $800 billion sovereign wealth fund, APG $400 billion Dutch pension fund and PGGM $200 billion Dutch pension fund). He recently served as a reviewer for VINNOVA, the Swedish Governmental Agency for Innovation Systems.
Ludovic has received several best-teacher awards and, in 2014, he was named by the website Poets and Quants as one of the world's 40 best business school professors under the age of 40. Representative student feedback says that “he has a knack for simplifying complex concepts,” “conveys the material very clearly, and with a lot of fun,” “great energy and ability to captivate class on a difficult topic,” “engaged professor who brings a lot of personality into the classroom,” “constantly pushing us to think critically.” At Oxford, Ludovic teaches two electives courses: Asset Management and Private Equity for MBA, MFE and EMBA students. Being selected and followed by over 250 students per year, these two elective courses are among the most popular at the school. Ludovic has also taught and developed a variety of executive education courses for major consulting and asset management companies.
Ludovic achieved a degree in Economics from Toulouse School of Economics; a Master in Economics and a Master in Mathematical Finance both from the University of Southern California; and a PhD in Finance from INSEAD.
Ludovic's papers and working paper are available here.
Ludovic’s thinking attracts the attention of the professional investment communities. He is engaged actively in the professional world of asset management and his work is deeply rooted in practice. He regularly connects with practitioners, using the development of theory and practice in order to impact on practice in the sector.
International consultancy is a key aspect of Ludovic’s work. Recent projects include advising:
Ludovic is a selected member of the Speaker Retainer Program of the CFA Institute and, over the last decade, he has received over 50 invitations to present at university seminars, including in the United States, Canada, Europe and the UK. His papers have been selected for presentation at leading academic conferences, including those run by the Western Finance Association, the American Finance Association and the European Finance Association.
He is a member of the Editorial Board of the Financial Analyst Journal and the Journal of Alternative Investments, referees for a number of professional and academic journals, including American Economic Review, Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, Management Science, Quarterly Journal of Economics, Review of Financial Studies and Review of Finance.
His research has been cited in a wide range of publications, including the New York Times, the Financial Times, The Economist, Pensions and Investments, Euromoney, the Wall Street Journal and BBC World radio.
Ludovic has an informal and provocative approach to teaching, yet deeply tied to academic research and rigor. He challenges students to think deeply and question their preconceptions. Many of his classes include question-and-answer sessions because he provokes searching questions from students which he addresses by drawing on his deep understanding of practice. Overall, it is a pragmatic approach aimed to shake up expectations and stimulate the students with memorable ideas.
Ludovic uses newspaper articles and case studies to focus his teaching on the developments and issues that confront practitioners. He also brings in exceptional guest speakers who are all experienced professionals who reflect the broad spectrum of perspectives. His teaching approach is therefore dynamic and very much applied to practice.
Ludovic teaches the following courses at Saïd Business School:
Representative student feedback – Asset Management course:
"Professor Phalippou is very engaging."
"I like that Prof Phalippou was never an advocate for the AM industry, but remained skeptical in his explanation of most concepts."
"This was very effective in helping students to more fully understand the concepts of the class."
"Great energy and ability to captivate class on a difficult topic."
"He has a good pedagogical method, pushes us to think critically, and embodies everything that an outstanding Oxford professor should be."
"Coming from this industry, I was extremely impressed with the balanced and fair nature with which Ludovic presented potentially controversial topics. He allowed students to reach their own informed conclusions rather than push his agenda."
"Constantly pushing us to think critically. Always analysing different sides of the argument."
Representative student feedback – Private course:
"Extremely jovial and entertaining - He manages to make a highly obfuscated subject clear to everyone."
"He structured the course very well to offer a balanced view of the industry, equip us with all the tools we need to succeed in the industry, and get us to think critically. He is also very funny, dynamic, engaging, intellectual, and all the things an Oxford professor should be."
"Engaged professor who brings a lot of personality into the classroom."
"Knowledgeable and insightful!"
"Ludovic Phalippou is an enigma! His classes are fun, insightful and entertaining."
"He has a knack for simplifying complex concepts."
Saïd Business School
University of Oxford
Park End Street