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Mick Swartz is a financial economist whose research has been published in the Journal of Accounting, Auditing and Finance and Financial Review. In 1997, he won the ANBAR Award for a paper that is listed as among the top 150 business papers in the world. Professor Swartz has made over twenty presentations at finance conferences, has consulted the US Senate on derivatives legislation, appeared on CNN and NBC and appeared before state legislators concerning executive compensation and merger legislation. He has taught in many countries, including Ukraine, United Kingdom, Canada, Poland, and Germany. Before joining USC, Professor Swartz taught at Purdue University, where he was recognized as Distinguished Professor numerous times for his teaching.
RESEARCH + PUBLICATIONS
Three types of credit related hedge fund returns are broken down into macroeconomic factors. The factors driving each of these types of hedge fund categories are examined and compared to each other.
This paper breaks down the return generating process for 3 types of Global Macro Hedge Funds that are very different in terms of their exposure to computer driven strategies versus human only driven strategies.
A paper researching 11 types of hedge funds called relative value funds (most are fixed income related). Three new behavioral factors are statistically significant at explaining hedge fund returns even after other hedge fund models and other traditional finance factors are included.
A Stackelberg model is used to analyze Activist Investing and the Timing in the economic cycle that impact the returns.