Matthew McBrady

Matthew McBrady

Professor of Practice


FOB 114

Matthew R. McBrady, Ph.D., is an independent investor, corporate Board member, and Senior Advisor to both venture-backed startups and aspiring hedge funds. Prior to moving to Washington, D.C., he spent nearly 15 years as a hedge fund and private equity investor, serving as the Chief Investment Office of BlackRock's Multi-Strategy hedge fund (MuSt), the Managing Director of Investments at the Cystic Fibrosis Foundation, and the head of Investment Strategy and Risk Management at Silver Creek Capital Management.

Before moving to the private sector, Dr. McBrady was an award-winning professor at the Darden School of the University of Virginia and the Wharton School of the University of Pennsylvania. Earlier in his career, he also served as both a policy advisor and entrepreneur.

As a policy advisor, Dr. McBrady worked with Janet Yellen and Jeffrey Frankel in President Clinton's Council of Economic Advisors where he was actively involved in shaping the administrations response to the Asian Financial Crisis. Timothy Geithner subsequently recruited him along with Nouriel Roubini to join the Asian Financial Crisis Task Force which later become the U.S. Treasury's Office of Policy Development and Review.

An an entrepreneur, Dr. McBrady helped establish and grow two successful public companies. First, aQuantive, a pioneer in digital marketing that had its IPO in 2000 and was subsequently acquired by Microsoft. He also led TASER International (now Axon) through its 2001 IPO helping transform it into a leading technology company as a Board Member for several years afterwards.

Dr. McBrady earned an A.B. degree from Harvard College in 1992, a M.Sc. in Economics for Development from Oxford University in 1993, where he was a Marshall Scholar, and a Ph.D. in Business Economics in 2002 from Harvard University. He has published numerous articles in academic journals, several Harvard Business School and Darden School case studies, and co-authored a chapter in the Encyclopedia of Financial Globalization.

Published Journal Articles

Who Makes On-the-Run Treasuries Special? (with Jeremy Graveline). Journal of Financial Intermediation (2011).

Do Firms Believe in Interest Rate Parity? (with Michael Schill and Sandra Mortal). Review of Finance (2010).

Foreign Currency Denominated Borrowing in the Absence of Operating Incentives (with Michael Schill). Journal of Financial Economics (2007).

Bailing In (with Mark Seasholes). Journal of Restructuring Finance, Vol. 1. No. 1 (March, 2004).

Case Studies

A Managerial Primer on the US Bankruptcy Code (with Matthias Hild). UVA-QA-0633.

Futures on the Mexican Peso (with Kenneth A. Froot and Mark S. Seasholes). 2000, HBS Case: N9-296-004.

The 1994-1995 Mexican Peso Crisis (with Kenneth A. Froot). HBS Case: 9-296-056.

Invited Book Chapters

Opportunistic Issuance of Foreign Currency-denominated Debt (with Michael Schill). Encyclopedia of Financial Globalization.