University of Arkansas
Sam M. Walton College of Business
Department of Finance
Fayetteville, AR 72701
Tim Riley completed his Ph.D. in Finance at the University of Kentucky in 2014. After graduation, he spent two years as a financial economist at the U.S. Securities and Exchange Commission where he worked on mutual fund liquidity regulation. He is currently an assistant professor in the Department of Finance at the University of Arkansas. His research is focused on mutual funds, hedge funds, and other managed portfolios and has been published in journals including Journal of Financial Economics, Financial Management, Critical Finance Review, Financial Analysts Journal, and Journal of Empirical Finance. Tim’s work has been featured by national media outlets such as The Wall Street Journal, CBS News, and Morningstar. For undergraduates students, he teaches both a general course on investments—focusing on stock and bond markets—and an advanced investments course—focusing on derivatives. For graduate students, he leads a doctoral seminar covering empirical asset pricing and the investment management industry. In 2018, Tim became a CFA® charterholder.
Fees on Mutual Funds and ETFs Tumble Toward Zero, The Wall Street Journal
3 Academics Take Active Managers’ Side, Morningstar
Is Now the Time for Active Investing to Make a Comeback?, The Wall Street Journal
Academic Survey Says Active Management Creates Value for Investors After All, Wealth Management
Shareholder Value Could Be Worse, Bloomberg Opinion
Research links: Convex vs. concave returns, Abnormal Returns
Perfect Memories and Rewarding Incompetence, Bloomberg Opinion
Active vs. Passive Redux: How far should managers go?, Morningstar Magazine
Thursday links: Being a good listener, Abnormal Returns
Swedroe: How To Use Benchmarks, ETF.com
Misuse of Benchmarks Is Rife and Shouldn't Be Tolerated, The Evidence-Based Investor
Data & Code
Jordan, Bradford, and Timothy Riley. 2015. Volatility and mutual fund manager skill. Journal of Financial Economics 118 (2), 289-298.
LVH factor (January 1927 through June 2018)
Riley, Timothy. 2019. Can mutual fund stars still pick stocks?: A replication and extension of Kosowski, Timmermann, Wermers, and White (2006). Critical Finance Review, forthcoming.