Faculty Profile

Melvyn TEO

Full-time Faculty

Lee Kong Chian Professor of Finance; Deputy Dean (Faculty)

Lee Kong Chian School of Business LKCSB

Education

2002	PhD in Economics, Harvard University
1998	MA in Economics, Harvard University
1997	BA in Economics and Mathematics (cum laude), Cornell University

Current Position(s) Held

2017 – Now	Deputy Dean (Faculty & Research) Lee Kong Chian School of Business, Singapore Management University
2011 – 2016	Associate Dean (Research) Lee Kong Chian School of Business, Singapore Management University
2016 – Now	Lee Kong Chian Professor of Finance, Singapore Management University
2011 - Now	Professor of Finance Lee Kong Chian School of Business, Singapore Management University
2007 - 2013	Director, BNP Paribas Hedge Fund Centre

Research Interests

Empirical Asset Pricing
Hedge Funds
Behavioral Finance

Service To The Profession

Session Chair, China International Conference in Finance, Beijing 2024
Track Chair, European Finance Association Meeting, Bratislava 2024
Track Chair, European Finance Association Meeting, Amsterdam 2023
Track Chair, European Finance Association Meeting, Barcelona 2022
Track Chair, European Finance Association Meeting, Milan 2021

Awards, Recognition & Honors

Third Prize, The 9th Higher Education Outstanding Scientific Research Output Award (Humanities and Social Sciences), Ministry of Education, People's Republic of China, 2024
Dean’s Teaching Honors List - LKCSB Postgraduate Programmes, SMU, 2019–2022
Jack Treynor Prize, Q-Group, 2017
Lee Kong Chian Professorship, SMU, 2016 - Now
Singapore Ministry of Education Tier 2 grant, MOE, 2015-2017
Distinguished Teacher Award Nominee, SMU, 2011
Lee Kuan Yew Fellowship for Research Excellence, SMU, 2009-2010.
Best Paper presented at Inquire UK, Inquire UK, 2009.
Commonfund Prize for Best Paper, European Finance Association, 2007
Research Excellence on Alternative Investments and Hedge Funds in Asia, INSEAD and AIMA, 2006
Lee Foundation Fellowship for Research Excellence, SMU, 2002 - 2003
Derek Bok Center Certificate of Distinction in Teaching, Harvard, September 2001 - May 2002
Dean's List, College of Arts and Sciences, Cornell University, 1994 - 1997
Public Service Commission Overseas Merit Scholarship, Government of Singapore, 1994 - 1998

Journal Articles (Refereed)

Diverse Hedge Funds (with Yan Lu and Narayan Y. Naik), Review of Financial Studies 37, 639–683, February 2024.
Responsible Hedge Funds (with Hao Liang and Lin Sun), Review of Finance 26, 1585–1633, November 2022.
Do Alpha Males Deliver Alpha? Facial Width-to-Height Ratio and Hedge Funds (with Yan Lu), Journal of Financial and Quantitative Analysis 57, 1727–1770, August 2022.
Hedge Fund Franchises (with William Fung, David Hsieh, and Narayan Y. Naik), Management Science 67, 1199–1226, February 2021.
Public Hedge Funds (with Lin Sun), Journal of Financial Economics 131, 44–60, January 2019.
Sensation Seeking and Hedge Funds (with Stephen Brown, Yan Lu, and Sugata Ray), Journal of Finance 73, 2871–2914, December 2018.
Limited Attention, Marital Events, and Hedge Funds (with Yan Lu and Sugata Ray), Journal of Financial Economics 122, 607–624, December 2016.
The Liquidity Risk of Liquid Hedge Funds, Journal of Financial Economics 100, 24–44, April 2011.
Hedge Funds, Managerial Skill, and Macroeconomic Variables (with Doron Avramov, Robert Kosowski, and Narayan Y. Naik), Journal of Financial Economics 99, 672–692, March 2011.
The Geography of Hedge Funds, Review of Financial Studies 22, 3531–3561, September 2009.
Institutional Investors, Past Performance, and Dynamic Loss Aversion (with Paul O’Connell), Journal of Financial and Quantitative Analysis 44, 155–188, February 2009.
Style Investing and Institutional Investors (with Kenneth Froot), Journal of Financial and Quantitative Analysis 43, 883–906, December 2008.
Home Biased Analysts in Emerging Markets (with Sandy Lai), Journal of Financial and Quantitative Analysis 43, 685–716, September 2008.
Do Hedge Funds Deliver Alpha? A Bayesian and Bootstrap Analysis (with Robert Kosowski and Narayan Y. Naik), Journal of Financial Economics 84, 229–264, April 2007.
Style Effects in the Cross-section of Stock Returns (with Sung-Jun Woo), Journal of Financial Economics 74, 367–398, November 2004.
Testing Market Efficiency using Statistical Arbitrage with Applications to Momentum and Value Strategies (with Steve Hogan, Robert Jarrow, and Mitch Warachka), Journal of Financial Economics 73, 525–565, September 2004.