Finance
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- April 2024
- Article
Fee Variation in Private Equity
By: Juliane Begenau and Emil N. SiriwardaneWe study how investment fees vary within private-capital funds. Net-of-fee return clustering suggests that most funds have two tiers of fees, and we decompose differences across tiers into both management and performance-based fees. Managers of venture capital funds and those in high demand are less likely to use multiple fee schedules. Some investors consistently pay lower fees relative to others within their funds. Investor size, experience, and past performance explain some but not all of this effect, suggesting that unobserved traits like negotiation skill or bargaining power materially impact the fees that investors pay to access private markets.
- April 2024
- Article
Fee Variation in Private Equity
By: Juliane Begenau and Emil N. SiriwardaneWe study how investment fees vary within private-capital funds. Net-of-fee return clustering suggests that most funds have two tiers of fees, and we decompose differences across tiers into both management and performance-based fees. Managers of venture capital funds and those in high demand are less likely to use multiple fee schedules. Some...
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- March 2024
- Case
Expanding the Bicester Collection to New York
By: Boris Vallee, Kirby Brand, Kristina Brown, Julie McCrimlisk, Chloe Sztabnik and Arthur Segel- March 2024
- Case
Expanding the Bicester Collection to New York
By: Boris Vallee, Kirby Brand, Kristina Brown, Julie McCrimlisk, Chloe Sztabnik and Arthur Segel -
- March 2024
- Case
Hippo: Weathering the Storm of the Home Insurance Crisis
By: Lauren Cohen, Grace Headinger and Sophia PanRick McCathron, CEO of Hippo, considered how the firm’s underwriting model could account for the effects of climate change. Along with providing smart home packages, targeting risk-friendly customers, and using data-driven pricing, the Insurtech used technologically empowered services to create its competitive edge. Given the rise of high-intensity weather events, however, the firm was grappling with major loss ratios and rate hikes. Could Hippo survive a new era of unprecedented weather catastrophes? What should Hippo’s optimal strategy be, in terms of achieving underwriting profit?
- March 2024
- Case
Hippo: Weathering the Storm of the Home Insurance Crisis
By: Lauren Cohen, Grace Headinger and Sophia PanRick McCathron, CEO of Hippo, considered how the firm’s underwriting model could account for the effects of climate change. Along with providing smart home packages, targeting risk-friendly customers, and using data-driven pricing, the Insurtech used technologically empowered services to create its competitive edge. Given the rise of...
About the Unit
Our strategy is to assemble and nurture a faculty whose interests and skills complement each other, and who work well together:
a) to produce a broad range of finance-related research that is published in top-tier scientific and practitioner journals, and that addresses issues of present and future importance to managers (including regulators and policy makers);
b) to develop highly-relevant and intellectually rigorous MBA and executive education courses; and
c) to mentor future academics through the Business Economics doctoral program.
Our applied focus and access to business organizations are major advantages which are reinforced by our students and our case-based approach. We have a faculty with broad expertise, and we have resources, field contacts, and institutional support, all of which we can leverage to do richer work and be more productive than we could at other institutions.
Recent Publications
Fee Variation in Private Equity
- April 2024 |
- Article |
- Journal of Finance
Celsius Network Inc.: Fear, Uncertainty, and Doubt in the Brave New World of Crypto Bankruptcy
- March 2024 |
- Supplement |
- Faculty Research
Expanding the Bicester Collection to New York
- March 2024 |
- Supplement |
- Faculty Research
Expanding the Bicester Collection to New York
- March 2024 |
- Case |
- Faculty Research
Hippo: Weathering the Storm of the Home Insurance Crisis
- March 2024 |
- Case |
- Faculty Research
Kashat: Navigating the Uncertainties of the Egyptian Fintech Market
- March 2024 |
- Case |
- Faculty Research
Funderbeam: Teaming Up or Going Alone?
- March 2024 |
- Case |
- Faculty Research
Doing Business in Buenos Aires, Argentina
- March 2024 |
- Case |
- Faculty Research
Harvard Business Publishing
Seminars & Conferences
- 03 Apr 2024