Sugata Ray conducts the most fun research. From his post teaching and researching at the University of Alabama, he studies disparate influences on asset management and market microstructure. He has looked at the effect of personal real estate transactions and “marital events” on the productivity and risk tolerance of hedge fund managers.
We caught up about his most recent paper with Stephen Brown, Yan Lu, and Melvyn Teo, coming out soon in the Journal of Finance. The paper looks at the relationship between risk-taking and the purchase of a sports car. It has already won the Q Group’s Jack Treynor Prize, which “recognizes superior academic working papers with potential applications in the fields of investment management and financial markets.” And the paper has received third place at the CQAsia Academic Competition, and made a splash in the finance world.