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Researcher

Associate Professor Konark Saxena

My Expertise

    • Interest rates, monetary policy, and their impact on asset prices (financial markets and real estate)
    • Addressing climate change challenges by improving the allocation of resources (by investors, financial markets, firms, and governments)
    • Investing in financial markets including sustainable investing, carbon investing, ESG investing, factor investing, systematic investing, and smart beta
    • Currency and exchange rate dynamics

Fields of Research (FoR)

Banking, Finance and Investment

Biography

Konark is an an Associate Professor at the School of Banking and Finance, UNSW. He is also the Academic Program Director of the Master of Financial Analysis program. He teaches course related to investing, financial econometrics, and financial technology.

Konark's research interests are related to various aspects of improving the allocation of economic resources, so we can thrive while keeping our planet healthy for future generations.

His...view more

Konark is an an Associate Professor at the School of Banking and Finance, UNSW. He is also the Academic Program Director of the Master of Financial Analysis program. He teaches course related to investing, financial econometrics, and financial technology.

Konark's research interests are related to various aspects of improving the allocation of economic resources, so we can thrive while keeping our planet healthy for future generations.

His expertise and industry experience includes various aspects of portfolio construction such as asset allocation, factor investing, macro-finance, and the influence of interest rates and monetary policy on financial decisions. He also researches the asset management industry's organization, and how fund manager incentives and their efforts in producing original research influences their alpha production.

Konark also works on the connection between financial markets, climate risk, and an optimal allocation of resources.

Konark has published in top finance journals including Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Journal of Corporate Finance. His research has also been published in leading industry journals such as Journal of Portfolio Management. His research received media coverage in Forbes, UBS's "Academic Research Monitor", the Practical Applications journal,  and Barclay's "Trending Academic Research".

On sabbatical, Konark visited University of California Los Angeles (UCLA), University of Notre Dame University, McGill University, and University of British Columbia.

Konark also has industry experience in constructing factor portfolios, multi-asset portfolios, macro factors, sustainability investing, carbon aware investing, downside risk protection, and enhanced indexing. He worked for one of the largest asset managers, UBS Asset Management, while on leave from UNSW, where he applied his research expertise to help various division in the firm.


My Qualifications

Ph.D. in Finance, Anderson School of Management, UCLA 2008–2011        

M.B.A., Indian School of Business 2005–2006

Bachelor of Technology in Computer Science and Engineering, Indian Institute of Technology 1998–2002       


My Awards

2021 Highly Commended for Research Excellence Award - UNSW Business School

2016 Best Paper Award at the 6th Behavioral Finance and Capital Markets Conference for “Is the active fund management industry concentrated enough?” (with D Feldman and J Xu)

2013 Finance Research Letters, Stephen A. Ross Best Paper Award in 2013 for “Development and freedom as risk management” (with B Chowdhry and R Roll)


My Research Activities

I was on the program committee for SFS Cavalcade Asia Pacific (2018, 2019, 2022), and International Conference on Emerging Economies (ICEE-2012). I  have served as a referee for Journal of Finance, Review of Financial Studies, Review of Asset Pricing Studies, Journal of Financial Markets, Journal of Empirical Finance, Journal of Banking and Finance; Quarterly Journal of Finance; Journal of Econometric Methods; The Financial Review; Energy Economics; Finance Research Letters.


My Research Supervision


Areas of supervision

I have supervised students in various topics in asset pricing: theoretical and empirical including the asset management industry (PhD), exchange rate models (Honors), and house price dynamics (PhD).

Currently supervising

Ph.D. (in progress): Haoxu Li


My Engagement

  • Published in industry journals such as Journal of Portfolio Management (with Mark Grinblatt, UCLA) and Journal of Investing (with Gerald Garvey, Blackrock)
  • Invited to present at industry conferences such as J.P. Morgan's Quantference and UBS Equity Market Conference
  • Media coverage including in Forbes, UBS's "Academic Research Monitor", the Practical Applications journal, and Barclay's "Trending Academic Research".

Media coverage includes on AusBiz, Money News podcast, Triple M radio, 2CC radio, Financial Standard, The Property Tribune, Australian Property Investor Magazine, and Money Mag.


My Teaching

I teach courses in the areas of investments, quantitative methods, and financial technology.

  • FINS5513  Investments and Portfolio Selection
  • FINS5517 Applied Portfolio Management and Modelling
  • MFIN6201 Empirical Techniques and Applications in Finance
  • ZZBU8507 Robo-Advisory and Portfolio Optimisation
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Location

UNSW Business School - Ref E12
Level 3, Office 316

Contact

+61 2 9065 1806
+61 2 9055 1884

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