Tobias Moskowitz appointed the inaugural Dean Takahashi Professor of Finance

Tobias J. Moskowitz, the first Dean Takahashi ’80 B.A., ’83 M.P.P.M. Professor of Finance, focuses his research on financial markets and investments, including the behavior of prices and investors.

Tobias J. Moskowitz (Photo courtesy of University of Chicago Booth School of Business)

Moskowitz, currently the Fama Family Professor of Finance at the University of Chicago Booth School of Business, will assume his new position in July. He has been a visiting professor of finance at the Yale School of Management since 2015.

In his research Moskowitz has explored topics as diverse as momentum in stock returns, biases in investment portfolios, the social effects of bank mergers, the return to private business ownership, mutual and hedge fund performance, the political economy of financial regulation, and the economics of sports.

Moskowitz earned an undergraduate degree in industrial engineering and management and a master’s degree in management from Purdue University, and a Ph.D. in finance from the University of California-Los Angeles. He joined the faculty at the University of Chicago in 1998 as an assistant professor of finance and was promoted to full professor of finance in 2005. He has served as the Fama Family Professor of Finance since 2008. Moskowitz spent two academic years on leave at AQR Capital Management, LLC, a hedge fund in Greenwich, Connecticut with which he has an ongoing consulting relationship and is a principal. He is also a research associate for the National Bureau of Economic Research.

In 2011, Moskowitz wrote the best-selling book “Scorecasting,” co-authored with L. Jon Wertheim of Sports Illustrated, which uses economic principles to explain the hidden side of sports. He is also the co-author of “The Rookie Bookie” and the co-editor of “The Fama Portfolio.” Moskowitz is a former editor of the Review of Financial Studies and former associate editor of the Journal of Finance. He is a widely published contributor to peer-reviewed academic journals and has won several paper prizes for his work, including the Smith-Breeden and Brattle prizes from the Journal of Finance and two Michael Brennan awards from the Review of Financial Studies, for the best papers published in those journals.

Moskowitz was recognized by the American Finance Association with its 2007 Fischer Black Prize, which is awarded biennially to the top finance scholar in the world under the age of 40. His other honors include the Ewing Marion Kauffman Medal for top entrepreneurship research under age 40, the UCLA Anderson School of Management 100 Most Inspirational Alumni, and the John S. Day Distinguished Alumni Academic Service Award from Purdue University.

The Dean Takahashi ’80 B.A., ’83 M.P.P.M. Professorship was established to “help Yale SOM build on its strength in the area of finance and asset management.” Funds for the gifts to establish the position were raised through a special initiative to honor Takahashi’s 30 years of service to Yale, led by David Swensen ’80 Ph.D., Yale’s chief investment officer, and two other Yale graduates with extensive finance experience: Charles “Chip” Goodyear ’80 and Josh Bekenstein ’80. Numerous friends, classmates, and colleagues participated in the effort to raise funds in honor of Takahashi and his wife, Wendy Sharp ’82, a member of the faculty of the Yale School of Music. In addition to the SOM professorship, endowed funds were also established at the School of Music and Yale College. The effort also allowed for the naming of a Berkeley College common room.