Gjergji Cici is the Thomas L. Owen Professor of Finance and Associate Professor at the Raymond A. Mason School of Business of the College of William and Mary. Professor Cici is also a Research Fellow at the Centre for Financial Research at the University of Cologne, Germany. He received his Ph.D. in Finance from the University of Minnesota's Carlson School of Management. After receiving his doctorate, he became Associate Director of Research for Wharton Research Data Services (WRDS) at the Wharton School of Business.
Professor Cici's current research interests include portfolio performance evaluation, agency issues in the mutual fund and hedge fund industry, and behavioral finance. His research has been published in The Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Real Estate Economics, Journal of Financial Intermediation, and Journal of Banking and Finance. His paper on the pricing practices of mutual funds won the Society of Quantitative Analysts Award for the best paper in quantitative investments at the Western Finance Association 2008 Conference. Professor Cici's research has been featured in more than 30 articles in the business press, including the Financial Times, New York Times, Wall Street Journal, Barron's, Bloomberg, and Pensions & Investments.
Areas of Interest/Expertise
- Portfolio performance evaluation
- Institutional investors
- Agency issues in the mutual fund industry
- Behavioral finance
The Valuation of Hedge Funds’ Equity Positions, 2014, (with Alexander Kempf and Alexander Puetz), Forthcoming Journal of Financial and Quantitative Analysis.
Market Transparency and the Marking Precision of Bond Mutual Fund Managers, 2014, (with Scott Gibson, Jalin Gunduz, and John Merrick), Forthcoming Journal of Portfolio Management.
The Prevalence of the Disposition Effect in Mutual Funds' Trades, 2012, (solo author), Journal of Financial and Quantitative Analysis 47. 795-820.
The Performance of Corporate-Bond Mutual Funds: Evidence Based on Security-Level Holdings, 2012, (with Scott Gibson), Journal of Financial and Quantitative Analysis 47, 159-178.
Can Fund Managers Select Outperforming REITs? Examining Fund Holdings and Trades, 2011, (with Jack Corgel and Scott Gibson), Real Estate Economics 39, 455-486.
Missing the Marks: Dispersion in Corporate Bond Valuations across Mutual Funds, 2011, (with Scott Gibson and John Merrick), Journal of Financial Economics 101, 206-226.
The Index Fund Rationality Paradox, 2010, (with Michael Boldin), Journal of Banking and Finance 34, 33-43.
Mutual Fund Performance when Parent Firms Simultaneously Manage Hedge Funds, 2010, (with Scott Gibson and Rabih Moussawi), Journal of Financial Intermediation 19, 169-187.Does Motivation Matter When Assessing Trade Performance? An Analysis of Mutual Funds, 2007, (with Gordon Alexander and Scott Gibson), Review of Financial Studies 20, 125-150.
View my research on my SSRN author page
Research Papers on SSRN.