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Hong Yan Hong Yan is Professor of Finance at Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University, where he is also the founding director of the China Hedge Funds Research Center. Before he joined SAIF full-time, Prof. Yan was on the faculties at the Moore School of Business in the University of South Carolina and at the University of Texas at Austin, and spent a year as a visiting academic scholar at the U.S. Securities & Exchange Commission (SEC). He also held visiting appointments at the University of Hong Kong, the U.S. Federal Reserve Board and Cheung Kong Graduate School of Business. Professor Yan holds a Ph.D. in Finance from the University of California, Berkeley, and a Ph.D. in Applied Physics from the University of Michigan. His research focuses on the areas of credit risk, asset pricing, derivatives securities, portfolio choice, and risk management. He also studies financial intermediaries such as mutual funds, hedge funds and financial analysts. Prof. Yan has published in top academic journals such as Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. Professor Yan currently serves as a Managing Editor of the International Review of Finance.