A prolific publisher and expert on hedge funds and mutual funds, Nick Bollen’s work has been referenced throughout academia and mainstream media.
Nick has earned Owen’s Research Productivity Award and Research Impact Award.
Since joining Owen in 2001, Nick has published over 20 papers in several journals, including the Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, and Financial Management.
Nick’s current research agenda is focused on hedge funds. His studies include the measurement of time-variation in their risk exposures, how fund managers report returns, and patterns of reported returns that can help identify fraud.
Ph.D., Finance, Duke University, 1997
M.B.A., Duke University, 1993
B.A., Physics, Cornell University, 1988
Bollen, N.P., and S. Posovac (2018). Gender, risk tolerance, and false consensus in asset allocation recommendations. Journal of Banking and Finance 87, 304-317.
Bollen, N.P., Joenväärä, J., and M. Kauppila (2021). Hedge fund performance: End of an era? Financial Analysts Journal 77, 109-132.
Bollen, N.P. and Sensoy, Berk A. (2016) How Much for a Haircut? Illiquidity, Secondary Markets, and the Value of Private Equity. Financial Management 51, 501-538
Bollen, N.P. (2013). Zero-R2 hedge funds and market neutrality. Journal of Financial and Quantitative Analysis, 48, 519-547.
Bollen, N.P., and V.K. Pool (2012). Suspicious Patterns in Hedge Fund Returns and the Risk of Fraud. Review of Financial Studies 25, 2673-2702.
Bollen, N.P., and Ang, A. (2010). Locked up by a lockup: Valuing liquidity as a real option. Financial Management 39, 1069-1095.
Bollen, N.P., and Pool, V.K. (2009). Do hedge fund managers misreport returns? Evidence from the pooled distribution. Journal of Finance 64, p.2257-2288.
Bollen, N.P., and Whaley, R.E. (2009). Hedge fund risk dynamics: Implications for performance appraisal. Journal of Finance 64, p.987-1037.
Bollen, N.P., and Pool, V.K. (2008). Conditional return smoothing in the hedge fund industry. Journal of Financial and Quantitative Analysis 42, p.683-708.
Bollen, N.P. (2007). Mutual fund attributes and investor behavior. Journal of Financial and Quantitative Analysis 42, p.683-708.
Bollen, N.P., and Busse, J.A. (2006). Tick size and institutional trading costs: Evidence from mutual funds. Journal of Financial and Quantitative Analysis 41, p.915-937.
Bollen, N.P., and Busse, J.A. (2005). Short-term persistence in mutual fund performance. Review of Financial Studies 18, p.569-597.
Bollen, N.P., Smith, T., and Whaley, R.E. (2004). Modeling the Bid/Ask Spread: Measuring the inventory-holding premium. Journal of Financial Economics 72, p.97-141.
Bollen, N.P., and Whaley, R.E. (2004). Does net buying pressure affect the shape of implied volatility functions? Journal of Finance 59, p.711-753.
Bollen, N.P., and Busse, J.A. (2001). On the timing ability of mutual fund managers. Journal of Finance 56, p.1075-1094.