Randolph B. Cohen
Senior Lecturer of Business Administration
Senior Lecturer of Business Administration
Randolph B. (Randy) Cohen is the MBA Class of 1975 Senior Lecturer of Entrepreneurial Management in the Finance Unit at Harvard Business School. He currently teaches two courses for students starting businesses while in school: Field X in the Fall Semester, and Field Y in the Spring Semester. He also co-teaches the Alternative Investments course for HBS Online. Cohen has previously held positions as Associate Professor at HBS and Visiting Associate Professor at MIT Sloan.
Randolph B. (Randy) Cohen is the MBA Class of 1975 Senior Lecturer of Entrepreneurial Management in the Finance Unit at Harvard Business School. Cohen’s main research focus has been the identification of top investment managers and the prediction of manager performance. Cohen has studied the differential reactions of institutions and individuals to news about firms and the economy, as well as the effect of institutional trading on stock prices. He also writes and speaks about municipal securities, ESG investing, and many other topics. Cohen has a strong interest in liquid alternative investments and for over two decades has been working to develop the concept of liquid private equity.
Cohen teaches two classes, Field X and Field Y, which help students launch and grow businesses while at HBS (and other parts of Harvard and surrounding universities). He also co-teaches the Alternative Investments course for HBS Online.
In addition to his research and teaching, Cohen has helped to start and grow several investment management firms, while also acting as a consultant to many others. Randy serves on the Board of the Massachusetts Association for the Blind and Visually Impaired; on his podcast Dangerous Vision he interviews fascinating people who are in some way connected to the world of vision loss.
Cohen holds an AB in mathematics from Harvard College and a PhD in finance and economics from the University of Chicago.
- Journal Articles
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- Cohen, Randolph B., Joshua Coval, and Lubos Pastor. "Judging Fund Managers by the Company They Keep." Journal of Finance 60, no. 3 (June 2005). View Details
- Cohen, Randolph B., Paul A. Gompers, and Tuomo Vuolteenaho. "Who Underreacts to Cash-Flow News? Evidence from Trading between Individuals and Institutions." Special Issue on Limits to Arbitrage Journal of Financial Economics 66, nos. 2-3 (November 2002): 409–462. (Was NBER Working Paper 8793.) View Details
- Working Papers
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- Cohen, Randolph B., Brian J. Hall, and Luis M. Viceira. "Do Executive Stock Options Encourage Risk-Taking?" 2000. View Details
- Antón, Miguel, Randolph B. Cohen, and Christopher Polk. "Best Ideas." Harvard Business School Working Paper, No. 21-004, June 2020. View Details
- Cohen, Randolph, Joshua Coval, and Lubo Pástor. "Judging Fund Managers by the Company They Keep." Harvard Business School Working Paper, No. 04-023, November 2003. View Details
- Cases and Teaching Materials
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- Cohen, Randolph B., and Johnson Elugbadebo. "The Annenberg Foundation: Promoting Diversity in the Investment Management Industry." Harvard Business School Case 224-065, March 2024. (Revised June 2024.) View Details
- Cohen, Randolph B., Carin-Isabel Knoop, and Mel Martin. "Twitter: The Freedom to Speak Freely and Be Heard." Harvard Business School Case 223-026, April 2023. View Details
- Cohen, Randolph B. "Highly Selective College Admissions." Harvard Business School Background Note 223-031, September 2022. View Details
- Cohen, Randolph B. "Knock, Knock: The Case of Tetraethyl Lead." Harvard Business School Case 223-028, September 2022. View Details
- Bergstresser, Daniel, and Randolph B. Cohen. "Jefferson County (E): Postscript." Harvard Business School Supplement 213-060, December 2012. (Revised January 2013.) View Details
- Bergstresser, Daniel, and Randolph B. Cohen. "Jefferson County (D): February of 2008." Harvard Business School Supplement 213-059, December 2012. View Details
- Bergstresser, Daniel, and Randolph B. Cohen. "Jefferson County (C): Subsequent Issuance." Harvard Business School Supplement 213-058, December 2012. View Details
- Bergstresser, Daniel, and Randolph B. Cohen. "Jefferson County (B): Borrowing in March 1997." Harvard Business School Supplement 213-057, December 2012. View Details
- Bergstresser, Daniel, and Randolph B. Cohen. "Jefferson County (A): An EPA Mandate ." Harvard Business School Case 213-056, December 2012. View Details
- Bergstresser, Daniel, Lauren Cohen, Christopher Malloy, Randolph B. Cohen, and Timothy Gray. "AQR's DELTA Strategy (TN)." Harvard Business School Teaching Note 212-084, March 2012. (Revised February 2013.) View Details
- Bergstresser, Daniel, Lauren Cohen, Randolph B. Cohen, and Christopher Malloy. "AQR's DELTA Strategy." Harvard Business School Case 212-038, October 2011. (Revised March 2012.) View Details
- Bergstresser, Daniel Baird, Lauren H. Cohen, Randolph B. Cohen, and Christopher J. Malloy. "AQR's Momentum Funds (B)." Harvard Business School Supplement 211-075, April 2011. (Revised May 2011.) View Details
- Bergstresser, Daniel, Lauren Cohen, Christopher Malloy, Randolph B. Cohen, and Timothy Gray. "AQR's Momentum Funds (TN) (A) and (B)." Harvard Business School Teaching Note 212-083, March 2012. (Revised February 2013.) View Details
- Bergstresser, Daniel Baird, Lauren H. Cohen, Randolph B. Cohen, and Christopher J. Malloy. "AQR's Momentum Funds (A)." Harvard Business School Case 211-025, September 2010. (Revised March 2012.) View Details
- Cohen, Randolph B., Michael Barry, and F. Mark D'Annolfo. "Dice-K: The Hundred (Plus) Million Dollar Man." Harvard Business School Case 208-043, September 2007. View Details
- Cohen, Randolph B., and Joshua B. Sandbulte. "The Children's Investment Fund, 2005." Harvard Business School Case 206-092, February 2006. (Revised October 2006.) View Details
- Cohen, Randolph B., and Brian DeLacey. "Protege Partners: The Capacity Challenge." Harvard Business School Case 205-100, April 2005. (Revised January 2006.) View Details
- Chacko, George C., Randolph B. Cohen, Andrew J. Blackburn, and Mei Hu. "Building Hedge Funds at Prospero Capital." Harvard Business School Case 204-007, December 2003. (Revised December 2004.) View Details
- Chacko, George C., Randolph B. Cohen, and Marc Chennault. "Note on Risk Arbitrage." Harvard Business School Background Note 203-001, March 2003. (Revised August 2004.) View Details
- Cohen, Randolph B. "A-Rod: Signing the Best Player in Baseball." Harvard Business School Spreadsheet Supplement 204-701, December 2003. View Details
- Chacko, George C., Randolph B. Cohen, Marc Chennault, and Andrew Kuhlman. "Risk Arbitrage: Abbott Labs and Alza (A)." Harvard Business School Case 203-003, March 2003. (Revised June 2003.) View Details
- Cohen, Randolph B. "Dimensional Fund Advisors, 2002." Harvard Business School Case 203-026, September 2002. (Revised January 2003.) View Details
- Cohen, Randolph B., and Jason Wallace. "A-Rod: Signing the Best Player in Baseball." Harvard Business School Case 203-047, September 2002. (Revised January 2003.) View Details
- Cohen, Randolph B., and Mark L. Mitchell. "State of South Carolina, The." Harvard Business School Case 201-061, November 2000. (Revised May 2001.) View Details
- Cohen, Randolph B., and Mark L. Mitchell. "State of South Carolina." Harvard Business School Spreadsheet Supplement 201-715, December 2000. (Revised May 2001.) View Details
- Other Publications and Materials
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- Cohen, Randolph B. "If 3 Was 9." August 2023. (LinkedIn Articles.) View Details
- Cohen, Randolph B. "Visions of Vision Pro." August 2023. (LinkedIn Articles.) View Details
- Cohen, Randolph B. "Unprecedented: Remote Work and the Strange Economy of 2023." July 2023. (LinkedIn Articles.) View Details
- Stevens, Ross, Joshua Zwick, and Randolph B. Cohen. "Illuminating the Path Forward: Breaking Free from the 60/40 Portfolio." White Paper, Stone Ridge, 2017. View Details
- Areas of Interest
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- hedge funds
- institutional investing
- investment management
- mutual funds
- value investing
- asset pricing
- compensation
- financial management
- market efficiency
- performance measurement
- valuation
- financial services
- investment banking industry
- Asia
- Europe
- North America
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