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Ludovic Phalippou is Lecturer in Finance at Saïd Business School, University of Oxford. He specialises in private equity funds and his research in this area has been published in leading academic and practitioner journals such as the Journal of Finance, the Review of Financial Studies and the Journal of Economic Perspectives.
Ludovic focuses on the areas of private equity funds that are of interest to investors and potential investors in that asset class, such as risk management, liquidity and measurement of returns. He routinely speaks at practitioner conferences, appears in the media internationally and has strong links with senior practitioners in the industry. His deep interest in the concerns facing professionals across the world is reflects in his teaching and research.
He worked at the University of Amsterdam from 2004 to 2010, first as Assistant Professor then as Associate Professor of Finance. Ludovic started to regularly visit Saïd Business School from June 2010, and officially (and permanently) joined the school on 1 January 2011.
Ludovic achieved a degree in Economics from Toulouse School of Economics in 1998; a Masters degree in Economics in 1999 and a further Masters in Mathematical Finance in 2000, both from the University of Southern California. He then went on to a PhD in Finance from INSEAD which he completed in 2004.
The focus of Ludovic’s research is private equity funds and, in particular, the measurement of their risks and returns. His work in this area has been published in leading journals and presented at key international academic conferences.
Ludovic’s research is extremely applied. He seeks to answer the questions asked in every-day practice, so he is driven by the relevance to practitioners. He has a deep knowledge of practice and this – combined with his strong academic background – means he can bring innovative solutions to the issues that confront practitioners. An example of this is his paper entitled ‘A new method to estimate risk and return of non-traded assets from cash flows’ which was published in 2012 in the Journal of Financial and Quantitative Analysis.
Ludovic's CV can be read here.
Ludovic's papers and working paper are available HERE. It is free and uo to date!
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 upon practice in the industry.
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 about 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 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 – 2013 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. Very relevant guest speakers. Coming from this industry, I was extremely impressed with the balanced and fair nature with which Ludo presented potentially controversial topics. He allowed students to reach their own informed conclusions rather than push his agenda. Class plan is VERY well thought out. Constantly pushing us to think critically. Always analyzing different sides of the argument.
Representative student feedback – 2013 Private course:
Extremely jovial and entertaining - He manages to make a highly obfuscated subject clear to everyone. Highly enthusiastic. 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.
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