Charles P. McQuaid Distinguished Service Professor of Finance and Robert King Steel Faculty Fellow
Lubos Pastor is Charles P. McQuaid Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He also serves as president of the European Finance Association and board member of the Fama-Miller Center for Research in Finance. Outside academia, he serves on the board of directors of Vanguard, the advisory board of the Andersen Institute for Finance & Economics, and the CRSP Index Advisory Council. He has served as director of the American Finance Association, director of the European Finance Association, president of the Western Finance Association, member of the Bank Board of the National Bank of Slovakia, director of the Center for Research in Security Prices, and associate editor of the Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies.
Professor Pastor’s research focuses mostly on financial markets and investment management. His articles have appeared in the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Monetary Economics, Journal of Political Economy, Review of Financial Studies, and other outlets. His research has been awarded four Fama/DFA Prizes, two Smith Breeden Prizes, AQR Insight Award, Barclays Global Investors Prize, BlackRock Research Award, Goldman Sachs Asset Management Prize, Moskowitz Prize, NASDAQ Award, QMA Award, Q Group Award, and the Ross Prize.
Professor Pastor has been teaching at Chicago Booth since 1999 when he obtained a Ph.D. in finance from the Wharton School at the University of Pennsylvania. He has received the McKinsey Award for Excellence in Teaching as well as two Faculty Excellence Awards at Chicago Booth.
With Robert F. Stambaugh and Lucian A. Taylor, "Sustainable investing in equilibrium," Journal of Financial Economics (2021).
With Pietro Veronesi, "Political cycles and stock returns," Journal of Political Economy (2020).
With Robert F. Stambaugh, "On the size of the active management industry," Journal of Political Economy (2012).
With Pietro Veronesi, "Technological revolutions and stock prices," American Economic Review (2009).
With Robert F. Stambaugh, "Liquidity risk and expected stock returns," Journal of Political Economy (2003).
| Number | Course Title | Quarter |
|---|---|---|
| 35120 | Portfolio Management | 2025 (Spring) |
Economists are using the experience of recent crises to understand how to better support people in difficult times.
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Chicago Booth’s Lubos Pastor explains why a strong economy doomed the Democrats.
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A simple model may explain the results of the US presidential election.
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