MBA Courses
Investments
Managing Investment Portfolios
Biography
Assistant Professor Richard Evans’s research deals broadly with investment decisions. His current research projects explore risk taking on the part of mutual fund managers, the role of broker intermediation in mutual fund investing and the impact of commission bundling and other trading costs on portfolio performance. His research has been published in the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies and cited by the New York Times, Wall Street Journal and Forbes magazine. He has presented his research to the Securities and Exchange Commission, Social Security Administration and the American Finance Association. Evans has also taught executive education courses for investment professionals from Merrill Lynch, Morgan Stanley and Citizens Bank.
Before joining the faculty at the Darden School, he was an assistant professor at the Carroll School of Management at Boston College, and he received his PhD from Wharton.
Working Papers
Scale Effects in Mutual Fund Performance: The Role of Trading Costs
(with Roger M. Edelen, and Gregory B. Kadlec)
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The Portfolio Choices of Young and Old Active Mutual Fund Managers
(with David A. Chapman, and Zhe Xu).
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Institutional Investors and Mutual Fund Governance: Evidence from Retail – Institutional Fund Twins
(with Rüdiger Fahlenbrach)
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Does Alpha Really Matter? Evidence from Mutual Fund Incubation, Termination and Manager Change
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Journal Publications
Mutual Fund Incubation
Journal of Finance, 2010, 65 (4), 1581-1611.
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Failure is an Option: Impediments to Short Selling and Option Prices
Review of Financial Studies, 2009, 22 (5), 1955-1980
(with Christopher Geczy , Adam Reed and David Musto)
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Disclosure and Agency Conflict in Delegated Investment Management: Evidence from Mutual Fund Commission Bundling
Journal of Financial Economics, 2012, 103, 308-326.
(with Roger Edelen and Greg Kadlec)
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What do Consumers’ Fund Flows Maximize? Evidence from Their Brokers’ Incentives
Journal of Finance, forthcoming.
(with Susan Christoffersen and David Musto)
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Expertise
Asset Management
Trading Costs and Portfolio Performance
Mutual Fund Governance
Fund Distribution Channels
Short-Selling and Option Prices
Teaching Materials
Virginia Investment Partners
UVA-F-1598
Pittinos Financial Advisors, LL
UVA-F-1599
Liquidity, Funds Flow and ReFlow, LLC
UVA-F-1600
Pravda Asset Management
UVA-F-1602
The Oxcel Endowment and Socially Responsible Investing
UVA-F-1659
Research Affiliates
UVA-F-1662