Elroy Dimson

CEAM Chairman, Cambridge Judge Business School

Oğuzhan Karakaş

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

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

Pedro Saffi

CEAM Co-Director and Professor of Financial Economics, 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

Elias Ohneberg

Post-Doctoral Research Associate, Cambridge Judge Business School

Elias is a Post-Doctoral Research Associate at the Centre for Endowment Asset Management at Cambridge Judge Business School, United Kingdom. His research explores incentive problems in the asset management industry. His most recent work highlights the beneficial effects of employee satisfaction and the harmful effects of portfolio manager workplace connectedness on incentive alignment and, ultimately, performance in the mutual fund industry. He holds a PhD in Management Studies (Finance) from the Cambridge Judge Business School, University of Cambridge.

Zhenkai Ran

PhD Candidate, 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.

Annalisa Tonetto

Post-Doctoral Research Associate, Cambridge Judge Business School

Annalisa Tonetto is a Post-Doctoral Research Associate at Cambridge Judge Business School, United Kingdom. Her research interests are board of directors’ composition, institutional ownership, natural capital. She is particularly focused on network analyses and applications of methodologies for causal inference, causal identification, quasi-random experiments. She is enthusiastic about accomplishing inter-disciplinary research. She holds a PhD in Finance from EDHEC Business School (France) and has worked for finance departments in several industries prior to entering academia. Annalisa has lived, studied, and worked in Italy, Switzerland, United Kingdom, and France. Besides work, she likes hiking.

Junxuan Wang

Post-Doctoral Research Associate, Cambridge Judge Business School

Junxuan Wang is a Post-Doctoral Research Associate at Cambridge Judge Business School. His research interests are in international finance, bond pricing, exchange rate risk, and decentralised finance. Junxuan holds a PhD in Finance and Econometrics from the University of Warwick. During his PhD, he visited the PBC School of Finance, Tsinghua University, for one year.

Former post-doctoral positions

Tengfei (Gatsby) Zhang

Former post-doctoral position (Aug 2021-Aug 2022)

Rasheed Saleuddin

Former post-doctoral position (Jan-Jul 2020)

Charikleia Kaffe

Former post-doctoral position (Nov 2019)

Ellen Quigley

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

Vaska Atta-Darkua

Former post-doctoral position (Feb-Sep 2020)

William Goetzmann

Research Fellow (Finance), Cambridge Judge Business School

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

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.

Jason Cen

Affiliate and Former Research Associate at CEAM

Lecturer in Finance, the University of Exeter Business School

Xi Li

Research Fellow, Centre for Endowment Asset Management

Associate Professor of Accounting, LSE

Laura Starks

Research Fellow (Finance), Cambridge Judge Business School

George Kozmetsky Centennial University Distinguished Chair at the McCombs School of Business, University of Texas at Austin and President, AFA

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.

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