Forthcoming: Home Bias and Local Contagion: Evidence from Funds of Hedge Funds by Clemens Sialm Texas McCombs NBER, Zheng Sun UCI Paul Merage School of Business, and Lu Zheng UCI Paul Merage School of Business academic.oup.com/rfs/advance-ar…

1/ Tax Benefits of Separating Alpha from Beta (Liberman, Sialm, Sosner, Wang) "The turnover of a strategy that separates α from β is concentrated on the long-short component and enables the deferral of capital gains on the passive market component." papers.ssrn.com/sol3/papers.cf…

Senior Shoutout / Daniel Sialm / 2020

Investors in 401(k) plans become more sensitive to fund expenses and short-term performance after the 2012 fund disclosure reform, from Mathias Kronlund, Veronika K. Pool, Clemens Sialm, and Irina Stefanescu nber.org/papers/w27573

Mutual funds that invest in domestic multinational firms provide substantial international diversification and generate superior performance, from Irem Demirci, Miguel A. Ferreira, Pedro Matos, and Clemens Sialm nber.org/papers/w27648

I am very honored to have received earlier this semester an honorary doctorate (Dr. oec. h.c.) from my alma mater, the University of St. Gallen in Switzerland.

Congrats to the authors of our 2020 Graham and Dodd Awards winners! Top Award “The Tax Benefits of Separating Alpha from Beta” cfainst.is/3i3v9QF Scroll Award “Public Sentiment and the Price of Corporate Sustainability” cfainst.is/2Xx4sdS #FinancialAnalystsJournal #ETFs

If the Dow Jones Industrial Average had adjusted for dividends and other corporate actions since 1928, the index would have closed at 1,113,047 instead of 28,538 at the end of 2019, from Jacky Lin, Genevieve C. Selden, John B. Shoven, and Clemens Sialm nber.org/papers/w28528

Your periodic reminder that Nobel Prize winning is mostly driven by chocolate consumption.

Forthcoming: Out of sight no more? The effect of fee disclosures on 401(k) investment allocations Mathias Kronlund, Tulane University Veronika K. Pool, Vanderbilt University Clemens Sialm, Clemens Sialm, Texas McCombs Irina Stefanescu, Federal Reserve Board sciencedirect.com/science/articl…

It's well known that the NPV() function in Excel is wrong, in that it assumes that the first cell indexes to 1 rather than 0. Having implored my students for the 200th time to not use it and just code the NPV as an in place sum, I speculated as to why it was like this. 1/3

A successful Chapter 13 bankruptcy filing with mortgage cramdown reduces the five-year foreclosure rate by 29 percentage points, from Jacelly C. Cespedes, Carlos R. Parra, and Clemens Sialm nber.org/papers/w28900

I'm looking forward to presenting my paper, "Currency Management by International Fixed Income Mutual Funds" (with Clemens Sialm) this Thursday at the WFA meeting! westernfinance.org/conference-202… Was hoping to go to Hawaii for this WFA, but instead will present from home at 4am local time😂

Fixed-income mutual funds take advantage of currency derivatives to manage risks, to enhance their returns, and to gain a competitive advantage, from Clemens Sialm and Qifei Zhu nber.org/papers/w29082

#Forthcoming: How Global Is Your Mutual Fund? International Diversification from Multinationals Irem Demirci NovaSBE Miguel A Ferreira NovaSBE Pedro Matos Darden School at UVA Clemens Sialm Clemens Sialm Texas McCombs academic.oup.com/rfs/advance-ar…

Revenue sharing affects the investment menu of 401(k) plans. Revenue-sharing funds are more expensive and exhibit worse performance, from Veronika K. Pool, Clemens Sialm, and Irina Stefanescu nber.org/papers/w30721

Very much enjoyed my session with ⁦UT Austin⁩ ⁦Texas McCombs⁩ MBA students today. Hook ‘em!

We are pleased to share that Clemens Siam Clemens Sialm Texas McCombs and Anna Pavlova London Business School are joining the RFS team as Editors, effective July 1.

Reminder: Submission deadline for the 2024 MFA Annual Meeting is October 1st. For conference details including Call for Papers visit  midwestfinance.org/annual-meeting