Alexei Goriaev

UBS AG Assistant Professor of Finance,
Masters in Finance Program Director
New Economic School
Nakhimovsky prospekt 47, suite 1721 (11)
Moscow 117418, Russia
Phone: (+7495) 1291700 ext. 112


Curriculum Vitae: in English and in Russian



Financial Markets and Instruments (MiF)

Foundations of Finance (2005/6)

Market Microstructure: the introductory lectures

Investment Theory

Econometrics of Financial Markets

Risk Management

Corporate Finance (previous years)


Executive education

, 2007 .

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Russian Financial Data

        Basic information on most liquid Russian stocks: id, name, # issued stocks, dividends

        Trading data on most liquid Russian stocks in 1999-2007 (daily close prices and trading volumes, in rubles)

        Macroeconomic data, including Euro and dollar exchange rates, MIACR (interbank credit rates), money balances, MICEX, S&P/RUX, and Cbonds indices, and risk-free rates for different maturities in 1999-2007 (daily)

Research Projects:

        2007/08: Mutual Funds

        2006/07: Financial Policy and Corporate Governance of Russian Companies, Readings

        2005/06: Mutual Funds, Readings

        2004/05: Financial Policy of Russian Companies, Readings

        2003/04: Portfolio Management at the Russian Financial Market, Readings

        2002/03: Evaluating Performance and Strategy of Mutual Funds



, , 27 2007 .

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, , 20 2007 .

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IPO -: -

, , 14 2007 .

The use of financial indices in Russia

, , 8 2007 .

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, 2-3 2004 .

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Performance information dissemination in the mutual fund industry, with Theo Nijman and Bas Werker, forthcoming in Journal of Financial Markets

The relative impact of different classification schemes on mutual fund flows, chapter 10 in Gregoriu, G., ed. Diversification and Portfolio Management of Mutual Funds Palgrave-MacMillan, 2007

Risks of investing in the Russian stock market: Lessons of the first decade, with Alexey Zabotkin, Emerging Markets Review (2006)

Yet another look at mutual fund tournaments, with Theo Nijman and Bas Werker, Journal of Empirical Finance (2005)

Mutual fund tournament: Risk taking incentives induced by ranking objectives, with Fred Palomino and Andrea Prat

On the behaviour of mutual fund investors and managers, PhD dissertation

Is political risk company-specific? The market side of the YUKOS affair, with Konstantin Sonin

Should emerging market investors diversify abroad despite superior domestic performance? with Sergei Prikhodko

Risk factors in the Russian stock market


Some personal stuff



Useful links

Wikipedia: extensive information about finance, financial markets and econometrics

       Financial instruments: money and securities, stocks and bonds, structured products

       Financial services industry: commercial and investment banks, derivatives, mutual / pension / hedge / exchange-traded funds

Econometrics library for Matlab