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Sarah Carter

CEAM Executive Director

Sarah Carter is Executive Director of the University of Cambridge’s Centre for Endowment Asset Management, and previously set up and managed the Master of Finance at Cambridge Judge Business School. Before that, she worked for Plan International and for the United Nations Association. She has undertaken PhD coursework and research at the University of Wales, Aberystwyth, and was awarded an MA with distinction in International Studies by Durham University and a BA (Hons) in Psychology by the University of Hertfordshire.

David Chambers

CEAM Co-Director & Invesco Professor of Finance, Cambridge Judge Business School

Elroy Dimson

CEAM Chairman, Cambridge Judge Business School

Oğuzhan Karakaş

CEAM Co-Director & Associate Professor in Finance, Cambridge Judge Business School

Merve Karakaş

CEAM Centre Manager

Merve is Centre Manager of the University of Cambridge’s Centre for Endowment Asset Management (CEAM). Prior to joining CEAM, she was practicing corporate law in Turkey as an in-house lawyer in Istanbul. Merve holds LLM in Economic Law from Galatasaray University, and LLB from Istanbul University.

Raghavendra Rau

Sir Evelyn de Rothschild Professor of Finance, Cambridge Judge Business School

Pedro Saffi

Professor of Financial Economics, Cambridge Judge Business School

Zhenkai Ran

PhD student, Cambridge Judge Business School

Zhenkai is a PhD student at Cambridge Judge Business School, who is partially funded by a CEAM grant. He holds an MPhil in Economic Research at the Faculty of Economics, University of Cambridge. His research focuses on empirical corporate finance, financial intermediation, and empirical behavioural finance.

Tengfei (Gatsby) Zhang

Postdoctoral Research Associate, Centre for Endowment Asset Management

Tengfei is a Postdoctoral Research Associate at the Cambridge Judge Business School’s Centre for Endowment Asset Management. His research focuses on empirical asset pricing, machine learning in finance, and responsible investing. He received his PhD degree in Finance from Louisiana State University (LSU) in August 2021. His personal website is available

Former post-doctoral positions

Ellen Quigley

Former post-doctoral position (Jan 2019-Jan 2020)

Rasheed Saleuddin

Former post-doctoral position (Jan-Jul 2020)

Vaska Atta-Darkua

Former post-doctoral position (Feb-Sep 2020)

Charikleia Kaffe

Former post-doctoral position (Nov 2019)

Matthias Buechner

Research Affiliate, Centre for Endowment Asset Management

Matthias Büchner is a Research Associate at the University of Cambridge’s Centre for Endowment Asset Management. His research focusses on applications of machine learning to investment management. Previously, he has undertaken a PhD in Finance & Econometrics at Warwick University, part of which was spent as a Visiting Scholar at the Yale School of Management. Matthias holds an MSc in Financial Mathematics from University College London (UCL) and a BSc in Physics from Karlsruhe Institute of Technology.

Jason Cen

Affiliate & Former Research Associate at CEAM

Lecturer in Finance, the University of Exeter Business School

William Goetzmann

Research Fellow (Finance), Cambridge Judge Business School

Edwin J. Beinecke Professor of Finance & Management Studies, Yale School of Management

Hiro Mizuno

Fellow (Visiting), Cambridge Judge Business School

Hiromichi (Hiro) Mizuno is the former Chief Investment Officer of Japan’s Government Pension Investment Fund (GPIF). Mr Mizuno led GPIF, the world’s largest pension fund, to embrace a long-term vision with a commitment to sustainable investing. He serves on the boards of Tesla and the Principles for Responsible Investment, and is an advisor to the World Economic Forum, Milken Institute, CFA Institute, and several Japanese government ministries. Prior to joining GPIF, Mr Mizuno was a partner of Coller Capital, a London-based private equity firm.

Xi Li

Research Fellow, Centre for Endowment Asset Management

Associate Professor of Accounting, LSE

Adam Reed

Professor of Finance and Julian Price Distinguished Scholar of Finance

UNC Kenan-Flagler Business School

Dr Adam Reed researches asset pricing, with a focus on short selling. His work has been published in the top finance journals, and it has featured the Wall Street Journal, and the New York Times. Adam has won a number of research awards and teaching awards, and he was named one of “The World’s Best 40 B-School Profs Under the Age of 40” by Poets & Quants and Fortune. He served as a research consultant for the US Securities and Exchange Commission and as a member of the board directors for a number of organizations. Adam received a bachelors degree in mathematics and economics with honors from the University of California at Berkeley, and a doctorate in finance from the Wharton School of the University of Pennsylvania.

Christopher Woods

Fellow (Finance), Cambridge Judge Business School

Chris is an investment professional whose expertise lies in the indexation of equities, fixed income and digital assets as well as governance, policy and regulation, risk, and hedge fund management. As the Head of Index Policy at FTSE Russell, Chris was responsible for index methodologies across all asset classes. Before that he was the Chief Investment Officer at Man Global Strategies, Man Group plc. Chris holds an MBA from London Business School, where he was awarded the Sigmund Edelstone prize for best performance in finance and accounting, a DPhil in Atomic Collision Physics from the University of Oxford, and a BA in Natural Sciences (Physics) from the University of Cambridge.