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Joseph L. Gidwitz Professor of Finance and Anthony Pritzker Family Foundation – Family Office Initiative Director
Senior Associate General Counsel, the University of Chicago
Fama Family Distinguished Service Professor of Finance, Booth School of Business
Dean of the Booth School of Business and George Pratt Shultz Professor of Accounting
Vice President and Chief Investment Officer, the University of Chicago
Joseph L. Gidwitz Professor of Finance and Anthony Pritzker Family Foundation – Family Office Initiative Director
Senior Associate General Counsel, the University of Chicago
Fama Family Distinguished Service Professor of Finance, Booth School of Business
Dean of the Booth School of Business and George Pratt Shultz Professor of Accounting
Vice President and Chief Investment Officer, the University of Chicago
Professor Pastor has been teaching at Chicago Booth since 1999 when he obtained a PhD in finance from the Wharton School at the University of Pennsylvania. His research focuses mostly on financial markets and investment management. His articles have appeared in the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Monetary Economics, Journal of Political Economy, Review of Financial Studies, and other outlets, and they have won numerous prizes. Pastor also serves as a member of the CRSP Index Advisory Council, member of the board of the Fama-Miller Center for Research in Finance, and vice president of the European Finance Association. Outside academia, he serves as an independent director and trustee of Vanguard. In the past, he served as director of CRSP, member of the Bank Board of the National Bank of Slovakia, director of the American Finance Association, director of the European Finance Association, president of the Western Finance Association, and associate editor of three leading academic finance journals.
Professor Nagel’s research focuses on asset pricing, investor behavior, and the formation of investor expectations. His most recent work explores the role of personal experiences in shaping expectations about the macroeconomy and financial market returns, models of investor learning about long-run growth with decaying memory, and the application of machine learning techniques to understand the risk and return of investment strategies in the stock market. Nagel has won various awards for his research, among them the Smith-Breeden Prize of the American Finance Association for the best paper in the Journal of Finance in 2004 and the Fama/DFA prize for the best asset pricing paper in the Journal of Financial Economics in 2006 and 2020 (first prize) and 2010 (second prize).
Before joining Booth, Nagel taught at the University of Michigan’s Ross School of Business (2013-17), Stanford Graduate School of Business (2004-13) and in the Economics Department at Harvard University (2003-04). He received his PhD from the London Business School in 2003 and his Diplom (M.S. equiv.) in Business Economics from the University of Trier (Germany) in 1999.
Douglas W. Diamond is the 2022 recipient of the Nobel Memorial Prize in Economic Sciences (Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for his groundbreaking research on banks and financial crises. He specializes in the study of financial intermediaries, financial crises, and liquidity. Professor Diamond holds a bachelor’s degree in economics from Brown University and a PhD in economics from Yale University. He is a research associate of the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of Richmond. Prior to joining the Booth School of Business faculty in 1979, Diamond taught at Yale and was a visiting professor at the MIT Sloan School of Management, the Hong Kong University of Science and Technology, and the University of Bonn.
John C. Heaton studies asset pricing, portfolio allocation, and time-series econometrics. He first became drawn to this area because he was “intrigued by the idea of understanding economic phenomena both to guide policy and to help people make better decisions.” His academic pursuits have thus solidified his position as an esteemed authority in these domains. Professor Heaton holds a bachelor’s degree in commerce from the University of Windsor, a master’s degree in economics from the University of Western Ontario, and a PhD in economics from the University of Chicago. Prior to joining the Chicago Booth faculty in 2000, Heaton was the Nathan S. and Mary P. Sharp Distinguished Professor of Finance at Northwestern University’s Kellogg School of Management. He also has held positions at MIT’s Sloan School of Management and at the Hoover Institution.
Professor Pastor has been teaching at Chicago Booth since 1999 when he obtained a PhD in finance from the Wharton School at the University of Pennsylvania. His research focuses mostly on financial markets and investment management. His articles have appeared in the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Monetary Economics, Journal of Political Economy, Review of Financial Studies, and other outlets, and they have won numerous prizes. Pastor also serves as a member of the CRSP Index Advisory Council, member of the board of the Fama-Miller Center for Research in Finance, and vice president of the European Finance Association. Outside academia, he serves as an independent director and trustee of Vanguard. In the past, he served as director of CRSP, member of the Bank Board of the National Bank of Slovakia, director of the American Finance Association, director of the European Finance Association, president of the Western Finance Association, and associate editor of three leading academic finance journals.
Professor Nagel’s research focuses on asset pricing, investor behavior, and the formation of investor expectations. His most recent work explores the role of personal experiences in shaping expectations about the macroeconomy and financial market returns, models of investor learning about long-run growth with decaying memory, and the application of machine learning techniques to understand the risk and return of investment strategies in the stock market. Nagel has won various awards for his research, among them the Smith-Breeden Prize of the American Finance Association for the best paper in the Journal of Finance in 2004 and the Fama/DFA prize for the best asset pricing paper in the Journal of Financial Economics in 2006 and 2020 (first prize) and 2010 (second prize).
Before joining Booth, Nagel taught at the University of Michigan’s Ross School of Business (2013-17), Stanford Graduate School of Business (2004-13) and in the Economics Department at Harvard University (2003-04). He received his PhD from the London Business School in 2003 and his Diplom (M.S. equiv.) in Business Economics from the University of Trier (Germany) in 1999.
Douglas W. Diamond is the 2022 recipient of the Nobel Memorial Prize in Economic Sciences (Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for his groundbreaking research on banks and financial crises. He specializes in the study of financial intermediaries, financial crises, and liquidity. Professor Diamond holds a bachelor’s degree in economics from Brown University and a PhD in economics from Yale University. He is a research associate of the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of Richmond. Prior to joining the Booth School of Business faculty in 1979, Diamond taught at Yale and was a visiting professor at the MIT Sloan School of Management, the Hong Kong University of Science and Technology, and the University of Bonn.
John C. Heaton studies asset pricing, portfolio allocation, and time-series econometrics. He first became drawn to this area because he was “intrigued by the idea of understanding economic phenomena both to guide policy and to help people make better decisions.” His academic pursuits have thus solidified his position as an esteemed authority in these domains. Professor Heaton holds a bachelor’s degree in commerce from the University of Windsor, a master’s degree in economics from the University of Western Ontario, and a PhD in economics from the University of Chicago. Prior to joining the Chicago Booth faculty in 2000, Heaton was the Nathan S. and Mary P. Sharp Distinguished Professor of Finance at Northwestern University’s Kellogg School of Management. He also has held positions at MIT’s Sloan School of Management and at the Hoover Institution.
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