Pietro Lazzaretto

Job Market Paper:  "Centralized Financial Advice and Competition for Capital" (Abstract)

Recipient of the Swiss Finance Institute Best Paper Doctoral Award 2026.

Research overview:

My research is at the intersection of asset management and empirical asset pricing. I study how investors form beliefs, process information, and allocate capital, and how these mechanisms affect financial market outcomes. 

My work focuses on professional investors and intermediaries, such as hedge funds, financial advisors, and mutual fund managers. I examine topics including model portfolios, monetary policy expectations, sustainable investing, and the pricing of tail risks. 

In several of my projects, I use machine learning and textual analysis on large-scale text corpora to measure beliefs and information flows that are otherwise difficult to observe. 

Contacts:

Institute of Finance, Università della Svizzera italiana, West Campus, Blue Building, Via Buffi 6, 6900 Lugano, Switzerland

E-mail: pietro.lazzaretto@usi.ch

LinkedIn | SSRN | Swiss National Science Foundation

Swiss Finance Institute personal webpage | USI Lugano personal webpage