David Arthur Hsieh is a professor of finance

Finance

"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

 at the Duke University

Duke University

Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...

 Fuqua School of Business

Fuqua School of Business

The Fuqua School of Business is the business school of Duke University in Durham, North Carolina, United States. It currently enrolls 1,340 students in degree-seeking programs...

. He has done extensive research on hedge funds

Hedge fund

A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...

 and alternative beta, which includes dynamics of asset prices and their implications for financial risk management and risk and return in hedge funds and commodity funds.

Early years

Hsieh was born in Hong Kong and moved to the White Plains, New York

White Plains, New York

White Plains is a city and the county seat of Westchester County, New York, United States. It is located in south-central Westchester, about east of the Hudson River and northwest of Long Island Sound...

 when he was 14. He enrolled as a freshman at Phillips Academy

Phillips Academy

Phillips Academy is a selective, co-educational independent boarding high school for boarding and day students in grades 9–12, along with a post-graduate year...

, Andover in 1972 and graduated cum laude

Latin honors

Latin honors are Latin phrases used to indicate the level of academic distinction with which an academic degree was earned. This system is primarily used in the United States, Canada, and in many countries of continental Europe, though some institutions also use the English translation of these...

. He then went to Yale University

Yale University

Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

 and graduated summa cum laude

Latin honors

Latin honors are Latin phrases used to indicate the level of academic distinction with which an academic degree was earned. This system is primarily used in the United States, Canada, and in many countries of continental Europe, though some institutions also use the English translation of these...

 and junior Phi Betta Kappa with a B.S.

Bachelor of Science

A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...

 in Mathematics and Economics. Hsieh then spent a year working at the Federal Reserve Bank of New York before going to Massachusetts Institute of Technology

Massachusetts Institute of Technology

The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

 for graduate school where he received a Ph.D

Doctor of Philosophy

Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...

 in Economics.

Career and awards

Hsieh first taught as an Associate Professor at the University of Chicago Graduate School of Business and now teaches at the Fuqua School of Business, Duke University where he was awarded the Bank of America Faculty Award in 2002. He has been invited to give talks at almost 80 different occasions and has authored or co-authored almost 50 different papers or books.

Hsieh has received the CFA, Graham and Dodd Award of Excellence for the paper "Hedge Fund Benchmarks: A Risk-Based Approach", co-authored with William Fung and published in the Financial Analysts Journal in 2004; the Fischer Black Memorial Foundation

Fischer Black Prize

Fischer Black Prize is a memorial prize awarded in honor of Fischer Black that rewards individual financial research. The prize was established in 2002 and first awarded in 2003. It is awarded to a financial scientist for a body of work that demonstrates significant original research that is...

 and the 1999 Robert J. Schwartz Memorial Prize for the best paper on hedge funds.; the Smith Breeden First Prize

Smith Breeden Prize

The Smith Breeden Prize is an annual prize given to authors with the best finance research papers published in the Journal of Finance in any area other than corporate finance.-The Award:...

for the best paper in the Journal of Finance for the article "Margin Regulation and Stock Market Volatility" joint with Merton H. Miller; and the Yale Science and Engineering Association High Scholarship Award, a college award for the highest class standing after 7 semesters.

Interviews

• Plan Sponsor Magazine, Jul-Aug 1998, Q&A: Hedging for Diversification, by Gregory J. Millman.
• Business Leader, January 2006, "Hedge Funds: Investing's Best Kept Secret," by Brad Wyckoff.
• Barron's, March 27, 2006. "Anyone Here Seen Alpha?" by Jack Willoughby.