Publications
Publications
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- All HBS Web
(117,452)
- Faculty Publications (68)
- June 2018 (Revised June 2018)
- Teaching Note
Prudential Financial and Asset-Liability Management
By: Mark S. Seasholes, Adi Sunderam, Luis Viceira and Shawn O'Brien
Teaching Note for HBS No. 216-076. View Details
- June 2018 (Revised January 2019)
- Teaching Note
Investing in Commodities at Global Endowment Management
By: Adi Sunderam
Teaching Note for HBS No. 218-005. View Details
- June 2018
- Article
The Fed, the Bond Market, and Gradualism in Monetary Policy
By: Jeremy C. Stein and Adi Sunderam
We develop a model of monetary policy with two key features: (i) the central bank has some private information about its long-run target for the policy rate, and (ii) the central bank is averse to bond-market volatility. In this setting, discretionary monetary policy... View Details
- May 2018 (Revised December 2018)
- Case
Baupost Group: Finding a Margin of Safety in London Real Estate
By: Adi Sunderam, Luis M. Viceira, Shawn O'Brien, Sam Merkel and Franklin Muanankese
- March 2018 (Revised December 2018)
- Teaching Note
Closed-End Funds at Saba Capital Management
By: Adi Sunderam and Shawn O'Brien
- 2018
- Working Paper
Corporate Bond Liquidity: A Revealed Preference Approach
By: Sergey Chernenko and Adi Sunderam
- October 2017
- Case
Quantopian: A New Model for Active Management
- September 2017 (Revised January 2018)
- Case
Puerto Rico's COFINA Bonds: Hold or Fold?
By: Adi Sunderam, Luis M. Viceira and Aldo Sesia
- Fall 2017
- Article
Strengthening and Streamlining Bank Capital Regulation
We propose three core principles that should inform the design of bank capital regulation. First, wherever possible, multiple constraints on the minimum level of equity capital should be consolidated into a single constraint. This helps to avoid a distortionary... View Details
- August 2017
- Case
Investing in Commodities at Global Endowment Management
By: Adi Sunderam and Sara Fleiss
- 2017
- Article
Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds
By: John Y. Campbell, Adi Sunderam and Luis M. Viceira
The covariance between U.S. Treasury bond returns and stock returns has moved considerably over time. While it was slightly positive on average in the period 1953–2009, it was unusually high in the early 1980s and negative in the 2000s, particularly in the downturns of... View Details
- July 2017 (Revised August 2017)
- Case
Closed-End Funds at Saba Capital Management
By: Sara Fleiss and Adi Sunderam
- June 2017 (Revised February 2019)
- Case
Investing in Volatility at Evanston Capital Management
By: Adi Sunderam, Luis Viceira and Zhihan Ma
- May 2017
- Teaching Note
Diversified Alpha at Acadian Asset Management
By: Adi Sunderam and David Biery
Teaching Note for HBS No. 217-036. View Details
- May 2017 (Revised December 2018)
- Teaching Note
Raising Capital at ShawSpring Partners
By: Adi Sunderam and David Biery
Teaching Note for HBS No. 217-002. View Details
- 2017
- Working Paper
The Financial Regulatory Reform Agenda in 2017
We take stock of the post-crisis financial regulatory reform agenda. We highlight and summarize areas of clear progress, where post-crisis reforms should either be maintained or built upon. We then identify several areas where the new regulations could be streamlined... View Details
- November 2016
- Article
Who Neglects Risk? Investor Experience and the Credit Boom
By: Sergey Chernenko, Samuel Gregory Hanson and Adi Sunderam
Many have argued that overoptimistic thinking on the part of lenders helps fuel credit booms. We use new microdata on mutual funds' holdings of securitizations to examine which investors are susceptible to such boom-time thinking. We show that firsthand experience... View Details
- October 2016 (Revised March 2017)
- Case
Diversified Alpha at Acadian Asset Management
By: Adi Sunderam
- 2016
- Working Paper
Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds
By: Sergey Chernenko and Adi Sunderam
We study liquidity transformation in mutual funds using a novel dataset on their cash holdings. To provide investors with claims that are more liquid than the underlying assets, funds engage in substantial liquidity management. Specifically, they hold substantial... View Details