Photo of Lubomir Petrasek

Lubomir Petrasek

Education

  • Ph.D., Finance, Pennsylvania State University, 2011
  • M.S., Economics, Prague School of Economics, 2004
  • M.A., Political Science, Charles University in Prague, 2004
Current Research Topics
  • Institutional Investors, hedge funds, mutual funds
  • Fixed income securities
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2016 - present
  • Visiting Lecturer

    University of Maryland

    2017 - 2018
  • Economist, Senior Economist

    Board of Governors of the Federal Reserve System

    2011 - 2016
  • Lecturer

    Pennsylvania State University

    2010
  • Grinblatt, Mark, Gergana Jostova, Lubomir Petrasek, and Alexander Philipov (forthcoming). "Style and Skill: Hedge Funds, Mutual Funds, and Momentum," Management Science.
  • Cao, Charles, Bing Liang, Andrew W. Lo, and Lubomir Petrasek (2018). "Hedge Fund Holdings and Stock Market Efficiency," Review of Asset Pricing Studies, vol. 8, no. 1, pp. 77-116.
  • Lewis, Kurt F., Francis A. Longstaff, and Lubomir Petrasek (2017). "Asset Mispricing," NBER Working Paper 23231. National Bureau of Economic Research.
  • Cao, Charles, Bradley A. Goldie, Bing Liang, and Lubomir Petrasek (2016). "What Is the Nature of Hedge Fund Manager Skills? Evidence from the Risk-Arbitrage Strategy," Journal of Financial and Quantitative Analysis, vol. 51, no. 3, pp. 929-957.
  • Meade, Ellen E., Yoshio Nozawa, Lubomir Petrasek, and Joyce K. Zickler (2015). "The Effects of FOMC Communications before Policy Tightening in 1994 and 2004," FEDS Notes 2015-09-24. Board of Governors of the Federal Reserve System (U.S.).
  • Cao, Charles, and Lubomir Petrasek (2014). "Liquidity Risk in Stock Returns: An Event-Study Perspective," Journal of Banking and Finance, vol. 45, pp. 72-83.
  • Cao, Charles, Bing Liang, Andrew W. Lo, and Lubomir Petrasek (2014). "Hedge Fund Holdings and Stock Market Efficiency," Finance and Economics Discussion Series 2014-36. Board of Governors of the Federal Reserve System (U.S.).
  • Cao, Charles, and Lubomir Petrasek (2014). "Liquidity Risk and Institutional Ownership," Journal of Financial Markets, vol. 21, pp. 76-97.
  • Petrasek, Lubomir (2012). "Do Transparent Firms Pay Out More Cash to Shareholders? Evidence from International Cross-Listings," Financial Management, vol. 41, no. 3, pp. 615-636.
  • Petrasek, Lubomir (2012). "Multimarket Trading and Corporate Bond Liquidity," Journal of Banking & Finance, vol. 36, no. 7, pp. 2110-2121.
  • Cao, Charles, and Lubomir Petrasek (2011). "Liquidity Risk and Hedge Fund Ownership," Finance and Economics Discussion Series 2011-49. Board of Governors of the Federal Reserve System (U.S.).
  • Petrasek, Lubomir (2010). "Multimarket Trading and the Cost of Debt: Evidence from Global Bonds," Working Paper Series 1212. European Central Bank.
  • conference

    2019

    EFA, SFS Cavalcade

    Corporate Bond Illiquidity: Evidence from Government Guarantees

  • conference

    2018

    AFA

    Asset Mispricing

  • conference

    2016

    EFA, NYC Hedge Fund Research Symposium

    Hedge Funds, Mutual Funds, and Momentum

  • seminar

    2015

    AFA, North Carolina State University

    Hedge Fund Holdings and Stock Market Efficiency

  • conference

    2013

    NFA, Paris Financial Management Conference

    Risk Arbitrage and the Information Content of Hedge Fund Trading

  • conference

    2012

    Fordham/JBF Conference on Liquidity

    Liquidity Risk in Stock Returns during the Financial Crisis of 2007-2009

  • conference

    2012

    FSU Finance Conference, NFA

    Liquidity Risk and Hedge Fund Ownership

  • seminar

    2011

    University of Toronto, McGill University, ECB

    Institutional Investors and Liquidity Risk

  • seminar

    2011

    University of Amsterdam, University of Rotterdam, University of New South Wales

    Institutional Investors and Liquidity Risk

  • conference

    2010

    NFA, FMA

    Multimarket Trading and Corporate Bond Liquidity

  • conference

    2008

    FMA

    Do Transparent Firms Pay Out More Cash to Shareholders?

Awards
  • 2010

    Pennsylvania State University

    Schreyer Graduate Fellowship

  • 2009

    European Central Bank

    Lamfalussy Research Fellowship

  • 2013

    Northern Finance Association and CFA Society Toronto

    Award for the Best Paper on Capital Markets

  • 2018

    AQR

    Insight Award, Honorable Mention

Conference Organization
  • 2014, 2015

    Paris Financial Management Conference

    Scientific Committee Member

Referee
  • Journal of Financial and Quantitative Analysis
  • Journal of Financial Markets
  • Journal of Banking and Finance
  • Journal of Empirical Finance
Professional Affiliation
  • American Finance Association
  • Financial Management Association
  • CFA Institute
Last update: November 20, 2019