Jason Hsu is chief investment officer at Research Affiliates LLC and an adjunct professor of finance at the UCLA Anderson Business School.
Area of Expertise: asset allocation research, quantitative equity research and macroeconomics
Book: “The Fundamental Index: A Better Way to Invest” (Wiley, 2008)
Topics Presented in Speeches: “Alternative Index Strategies Compared: Fact and Fiction,” “Debt, Deficit and Demographics,” “Capital Market Expectations,” “Fundamental Index,” “Low Volatility Puzzle” and “The Surprising ‘Alpha’ from Malkiel’s Monkey and Upside-down Strategies”
Jason Hsu oversees the research and investment management areas at Research Affiliates. He directs research on the asset allocation models and a range of alternative beta strategies that are built on the RAFI Fundamental Index concept. “A Survey of Alternative Equity Index Strategies,” which he co-authored, won a 2011 Graham and Dodd Scroll Award and the Readers’ Choice Award from CFA Institute. In 2005, he won the William F. Sharpe Award for Best New Index Research.
In addition, Jason is an adjunct professor in finance at the Anderson School of Management at UCLA and a visiting professor in international finance at the Taiwan National University of Political Science (NCCU). He has also taught financial management at the Merage School of Business at the University of California, Irvine, and at the Shanghai University of Financial Economics. For his service to UCLA’s Anderson School, Jason received the 2009 Outstanding Service Award.
Jason began his career working in derivatives research and in the trading area of Taiwan’s Far Eastern Securities. He has also been a consultant to Asian investment banks, securities dealers and insurance companies on issues such as risk management, strategic asset allocation and convergence trading.
Jason graduated summa cum laude with a B.S. in physics from the California Institute of Technology, was awarded an M.S. in finance from Stanford University and earned his Ph.D. in finance from UCLA, where he conducted research on the equity premium, business cycles and portfolio allocations. He is co-author of “The Fundamental Index: A Better Way to Invest” (Wiley, 2008) and a contributing author to “The VAR Implementation Handbook” (McGraw–Hill, 2009), “Stock Market Volatility” (Chapman & Hall/CRC Finance, 2009), “The Risk Modeling Evaluation Handbook” (McGraw-Hill, 2010) and “Shadow Banks and the Financial Crisis of 2007–2008” (Chapman-Hall/Taylor & Francis, 2010). Jason has also authored more than 20 academic and practitioner articles appearing in journals such as the Financial Analysts Journal, the Journal of Portfolio Management, the Journal of Fixed Income and the Journal of Investment Management. He is a member of the board of directors at UCLA’s Anderson School and serves on the editorial board of the Journal of Index Investing.
Articles by this Author
Portfolio Strategies »
A combination of risk-averse and risk-seeking behaviors as well as fears about backlash stop investors from rebalancing.
April 2013 | Journal
Portfolio Strategies »
Smart beta strategies differ from traditional market-capitalization-weighted indexes by taking advantage of value and small-company outperformance.
December 2012 | Journal