Gregory W. Brown
Professor of Finance, UNC Kenan-Flagler Business School | UNC-Chapel Hill
Chapel Hill, NC, UNITED STATES
Greg Brown researches financial risk, using financial derivative contracts as risk management tools and private investment strategies.
Biography
Greg Brown is the director of the Frank Hawkins Kenan Institute of Private Enterprise. He also is the founder and research director of the Institute for Private Capital.
His research centers on financial risk and the use of financial derivative contracts as risk management tools. He also studies private investment strategies, such as hedge funds and private equity.
He research has been published in leading academic and practitioner finance journals, including The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, The Journal of Derivatives, Financial Analyst Journal and RISK.
He serves as a director of the Kenan-Flagler Business School Foundation.
Dr. Brown is managing director and director of research for Amundi Smith Breeden Associates, a global asset management firm specializing in fixed income investments. He has served as a consultant on financial risk and portfolio management for money management firms, the U.S. government and Fortune 500 companies.
Prior to joining UNC Kenan-Flagler, he worked at the Board of Governors of Federal Reserve System in the Division of Research and Statistics.
He also worked in artist relations for a subsidiary of Capitol Records in Hollywood.
Industry Expertise (4)
Research
Education/Learning
Capital Markets
VC and Private Equity
Areas of Expertise (8)
Finance
Private Capital
Private Equity
Hedge Funds
Portfolio Management
Capital Markets
Derivatives
Debt Financing
Accomplishments (1)
Director of Frank Hawkins Kenan Institute of Private Enterprise at UNC Kenan-Flagler (professional)
As a part of UNC Kenan-Flagler, the Kenan Institute encourages cooperative efforts among privately owned businesses, higher education and government.
Education (2)
University of Texas at Austin: Ph.D., Finance
Minors in statistics and management science
Duke University: B.S., Physics and Economics 1990
Affiliations (1)
- Amundi Smith Breeden Managing Director and Director of Research
Links (2)
Media Appearances (2)
UNC's new private capital center to build comprehensive database
Pensions and Investments online
2015-05-18
The new Institute for Private Capital was created to build a comprehensive database on private capital around the world for university researchers and others. “We came to the conclusion pretty quickly that there is huge need for anything having to do with private capital,” Brown said.
Leading professors launch private equity research group
Financial Times online
2013-04-24
Professors from four leading business schools have established the Private Equity Research Consortium (Perc), dedicated to improving information about this opaque sector of finance. Greg Brown, professor of finance, says the time is right.
Articles (5)
Oil Price Movements and Risks of Energy Investments
SSRN
2015-12-26
This study examines the historical relation between oil price movements and both public and private equity investments in the energy sector. It discusses how investors can benefit the most from allocating disproportionately to energy-focused private equity.
What Do Different Commercial Data Sets Tell Us About Private Equity Performance?
SSRN
2015-12-14
This paper examines private equity (both buyout and venture funds) performance around the globe using four data sets from leading commercial sources.
Do Private Equity Funds Game Returns?
SSRN
2015-06-13
Using a large dataset of buyout and venture funds, the researchers test for the presence of reported net asset values (NAV) manipulation.
Pain in the assets
UNC Kenan-Flagler
2013-10-08
Greg Brown and John Hand partnered with Jeremiah Green of Penn State to understand what role hedge funds played in the 2008 economic implosion.
Economic analysis of N.C. investment management industry is focus of study
UNC Kenan-Flagler
2013-07-12
Report conducted by Center for Excellence at Investment to understand the North Carolina businesses that provide investment management services. “We wanted to understand the characteristics of businesses and their employees, their economic impact, and their attitudes towards doing business in North Carolina” said Greg Brown.
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