Laurent Barras

Laurent Barras /channels/taxonomy/term/7723/all en Desmarais Faculty Scholar Awards reward leading finance research /channels/channels/news/desmarais-faculty-scholar-awards-reward-leading-finance-research-335079 First awarded in 2007 and generously supported by Paul Desmarais, Jr., the Desmarais Faculty Scholar Awards are given in three year cycles to leading Desautels finance researchers. Mon, 22 Nov 2021 21:27:58 +0000 webfull 175019 at /channels The rise of passive fund investments /channels/channels/news/rise-passive-fund-investments-332251 Professor <a href="//www.mcgill.ca/desautels/laurent-barras">Laurent Barras</a> joins the hosts of RikaTillsammans, a Swedish podcast and video series that provides followers with weekly financial insights. In this episode, Professor Barras discusses his research on the correlation between manager performance and fund performance. Whether a fund is actively or passively managed, its success does not necessarily reflect the skill of the manager, he finds. Thu, 05 Aug 2021 20:50:25 +0000 webfull 172068 at /channels Celebrating excellence in teaching at Desautels /channels/channels/news/celebrating-excellence-teaching-desautels-331484 Across programs and subject areas, the Desautels Faculty of Management recognizes the vital role that teaching plays in enriching the student experience and in inspiring the next generation of leaders. The Distinguished Teaching Award recipients Jiro Kondo and Lisa Cohen were honoured at ��ϲ��’s 2021 Management Convocation ceremony for their excellence in teaching. Congratulations to the following recipients of the 2021 teaching awards! Fri, 11 Jun 2021 15:47:29 +0000 webfull 171086 at /channels Announcing the Desautels Faculty Scholars /channels/channels/news/announcing-desautels-faculty-scholars-292441 The Faculty Research Workload Committee (RWC) has completed its review of applications submitted by tenured faculty to fill the currently vacant Faculty Scholar Award slots. The Faculty is pleased to congratulate the following recipients of the Desautels Scholar Awards (effective September 1, 2018 to August 31, 2021): Tue, 11 Dec 2018 20:28:51 +0000 webfull 144093 at /channels A Large-Scale Approach for Evaluating Asset Pricing Models /channels/channels/news/large-scale-approach-evaluating-asset-pricing-models-286959 Author: <a href="//www.mcgill.ca/desautels/laurent-barras">Laurent Barras</a> Publication: Journal of Financial Economics, Forthcoming Abstract: Recent studies show that the standard test portfolios do not contain sufficient information to discriminate between asset pricing models. To address this issue, we develop a large-scale approach that expands the cross-section to several thousand portfolios. Our novel approach is simple, widely applicable, and allows for formal evaluation/comparison tests. Its benefits are confirmed in empirical tests of CAPM- and characteristic-based models. While these models are all misspecified, we uncover striking performance differences between them. In particular, the human capital and conditional CAPMs largely outperform the CAPM which suggests that labor income and time-varying recession risks are primary concerns for investors. Tue, 01 May 2018 14:49:57 +0000 webfull 137729 at /channels Does variance risk have two prices? Evidence from the equity and option markets /channels/news/does-variance-risk-have-two-prices-evidence-equity-and-option-markets-259488 Authors: Barras, L., Malkhozovb, A. Publication: Journal of Financial Economics Abstract: Fri, 04 Mar 2016 17:25:57 +0000 webfull 117168 at /channels Does variance risk have two prices? Evidence from the equity and option markets /channels/news/does-variance-risk-have-two-prices-evidence-equity-and-option-markets-259999 Authors: Barras, L., Malkhozov, A. Publication: Journal of Financial Economics Abtract: Wed, 30 Mar 2016 18:28:51 +0000 webfull 117732 at /channels MBA Programs Drawing More Applications in Quebec /channels/channels/news/mba-programs-drawing-more-applications-quebec-218631 Applications are up for MBA programs in Quebec, even as they have slowed in the U.S. RDI's business-news show reports on the situation, including interviews at Desautels Faculty of Management. Featured in the interview: Professor Laurent Barras, MBA students Annjulie Beaulieu Hebert, Jean-Philippe Dulude, and Alexis Pradie Thu, 18 Oct 2012 18:30:28 +0000 webfull 87845 at /channels Tenure time /channels/channels/news/tenure-time-261013 Tenure is granted to professors and librarians in recognition of excellent performance – and is the University’s strongest guarantee of academic freedom in research, teaching, and service. The year-long application process is a rigorous evaluation of performance. At its May 16, 2016, meeting, ��ϲ��’s Board of Governors granted tenure to the 50 people in the 2015-2016 tenure cohort. Forty-three Assistant Professors have been promoted to the rank of Associate Professor with Tenure: Desautels Faculty of Management Thu, 26 May 2016 15:40:05 +0000 webfull 119004 at /channels "Hedge Fund Return Predictability Under the Magnifying Glass," Journal of Financial and Quantitative Analysis /channels/news/hedge-fund-return-predictability-under-magnifying-glass-232477 Authors: Avramov, Doron; Barras, Laurent; Kosowski, Robert Publication: Journal of Financial and Quantitative Analysis, August 2013 Abstract: Fri, 17 Jan 2014 16:50:56 +0000 webfull 100732 at /channels And the Next Star Fund Manager Is… /channels/news/and-next-star-fund-manager-is%E2%80%A6-232530 Finding a mutual-fund manager who can beat the market is tough. Winners flame out. Losers revive. The resurgent losers flame out again. No wonder low-cost index-based exchange-traded funds and mutual funds—which seek only to mimic the return of a designated slice of the market—have eclipsed actively managed funds as the investment of choice for many people. ... One problem: Over long periods, few fund managers continue to outperform, says Laurent Barras, a finance professor at ��ϲ�� University in Montreal. Tue, 21 Jan 2014 17:07:30 +0000 webfull 100770 at /channels Approche toujours controversée /channels/news/approche-toujours-controversee-240183 Le débat continue de faire rage : l'anticipation des marchés, communément appelée «market timing», est-elle une approche payante ou au contraire, nuisible et dangereuse ? Les avis sont partagés. Il y a plusieurs définitions du market timing. Le plus fréquemment, le market timing consiste à «tenter de prédire la direction future du marché en ayant recours, le plus souvent, à des indicateurs techniques ou à des données économiques», comme l'indique le site Investopedia. Mon, 17 Nov 2014 19:23:54 +0000 webfull 106604 at /channels