Dr. Philip Howard

Joseph M. Bryan, Jr. Faculty Fellow in Banking and Finance; Assistant Professor

OFFICE: Farrell 363

BIOGRAPHY

I am an assistant professor of finance at Wake Forest University's School of Business and a senior research associate at the Kenan Institute of Private Enterprise. I am the lead quantitative analyst for the Active Management Research Alliance.

My research spans international finance, monetary policy and alternative investments. My work has been presented at top conferences, including the AEA, AFA, WFA, and NBER, and published in the American Economic Review. Recently my work has been featured in Bloomberg and awarded the 2019-2020 Unigestion Alternative Risk Premia research academy project.

At Wake Forest I teach Quantitative Finance in the undergraduate finance program and Financial Analytics in the Masters in Business Analytics program. I am the 2018-2019 recipient of the T.B. Rose Fellowship in Business Teaching Award for pedagogical innovation.

I received a PhD in finance from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. I earned a master's degree in Statistics and Operations Research and a bachelor's of science degree with highest honors in Mathematical Decision Sciences from the Department of Statistics and Operations Research at UNC-Chapel Hill.

HONORS

2020 - FMA Best Paper Award Semifinalist, FMA
2019 - T.B. Rose Fellowship in Business Teaching Award, Wake Forest University's School of Business
2019 - Unigestion Alternative Risk Premia Research Award, Unigestion

EXPERTISE

International Finance, Monetary Policy, Alternative Investments

IN THE MEDIA

January 1, 2020 - Study Finds ?Significant' Crowding in Hedge Funds , Risk.net| more information
January 1, 2019 - Crowded Trades & Tail Risk , Yahoo! Finance| more information
January 1, 2019 - Crowded Trades and Tail Risk , Novus Research Library| more information
January 1, 2019 - Scientists Prove Crowded Hedge Fund Stocks Are Real and Risky , Bloomberg| more information
November 18, 2017 - Meet North Carolina's Best-Run Public Companies , Triangle Business Journal| more information

RESEARCH INTERESTS

International Finance, Monetary Policy, Alternative Investments

TEACHING INTERESTS

Quantitative Finance, International Finance, Corporate Finance

EDUCATION

Ph D, University of North Carolina at Chapel Hill (Finance) - 2016
MS, University of North Carolina at Chapel Hill (Operations Research and Statistics) - 2010
BS, University of North Carolina at Chapel Hill (Mathematical Decision Sciences) - 2008

PUBLICATIONS

Review of Financial Studies

Crowded Trades and Tail Risk

Howard, P. , Lundblad, C. , & Brown, G. (2021)

American Economic Review

BKK the EZ Way: An International Production Economy with Recursive Preferences

Howard, P. , Colacito, R. , Croce, M. , & Ho, S.