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Lorenzo Casavecchia

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  • Title: Dr
  • Position: Senior Lecturer - Department of Applied Finance and Actuarial Studies

Contact Details

Areas of Expertise

  • Investments
  • Delegated Portfolio Management
  • Corporate Finance
  • Financial Economics

Profile

Lorenzo Casavecchia joined Macquarie University in 2016. He gained his BEc (Hons) from Bocconi University and his PhD in Finance from the University of Technology Sydney. He has conducted research projects for, and collaborated with, several organizations in the fund management industry such as the Bank of New York (BNY) Mellon Asset Management, Contango Asset Management, MIR Investment Management, and Capital Dynamics. His research was the recipient of several Best Paper Awards, and received extensive media coverage by the BBC World News, BBC Radio, The Washington Post, Reuters, SBS World News, ABC Radio, The Australian Financial Review, and The Sydney Morning Herald. He has served as an academic expert witness in several international financial arbitrations on fund performance and management fees. In June 2014, Lorenzo assisted the Parliament of Australia, Standing Committee on Economics with its inquiry into the foreign investment in residential real estate. Previously, Lorenzo worked as a quantitative analyst and corporate bond trader in leading financial institutions.

Research grants

  • 2016-2017: Industry Engagement Project: University of Sydney and the Australian Financial Markets Association ($53,000), Chief Investigator, with E. Wu (University of Sydney) and G. Loudon (Macquarie University).
  • 2014-2015: AFAANZ Competitive Research Grant. Chief Investigator ($10,000).
  • 2009 - 2015: UTS Faculty of Business Competitive Research Grant. Chief Investigator. ($60,000).
  • 2015: Salix Alba Advisory Group: Industry research grant. Chief Investigator (Amount: $5,000).
  • 2013: UTS Faculty of Business Teaching and Learning Grant. Chief Investigator ($10,000).
  • 2012: Bank of New York (BNY) Mellon Asset Management and Securities Servicing. Industry research grant: Chief Investigator ($8,000).
  • 2011: Bank of New York (BNY) Mellon Asset Management and Securities Servicing. Industry research grant: Chief Investigator ($5,000).
  • 2009: UTS Early Career Competitive Researcher Grant. Chief Investigator ($25,000).
  • 2009: Paul Woolley Centre – Competitive Research Grant. Chief Investigator ($5,000).

Research awards

  • Best Paper Award: 2011 Annual Meeting of the Financial Management Association (FMA) Asia – New Zealand.
  • Best Paper Award: 2011 Annual Meeting of the Finance and Corporate Governance Conference, La Trobe University, Melbourne.
  • Honorarium Award to present at the 5th Professional Asset Management Conference, Erasmus University, Rotterdam, Netherlands.
  • Finalist for the Best Paper Award. 2011 Annual Meeting of the Financial Management Association (FMA), New York, U.S., Sponsored by the American Association of Individual Investors.
  • Best Paper Award. 2010 Annual Meeting of the Finance and Corporate Governance Conference, La Trobe University, Melbourne.

Publications

journal toggle icon open Refereed Journal Articles

  • Casavecchia, L. & Tiwari, A. (2016). Cross trading by investment advisers: Implications for mutual fund performance. Journal of Financial Intermediation, Vol. 25.
  • Casavecchia, L. (2016) Fund managers’ herding and the sensitivity of fund flows to past performance. International Review of Financial Analysis, Vol. 47, 2016.
  • Casavecchia, L. &  J. Suh (2016) Managerial Incentives for Risk-Taking and Internal Capital Allocation. Australian Journal of Management, November, 1-34.
  • Casavecchia, L.  (2016). Managerial Herding, Investors' Wealth and the Role of Mutual Fund External and Internal Monitoring Mechanisms. International Journal of Managerial Finance. Vol. 12.
  • Casavecchia, L., Gray, J., & Augustiani, C. (2015). Managerial Sharing, Fund Connections and Performance. International Review of Finance. Vol. 15.
  • Casavecchia, L. & Bird, R. J. (2011). Conditional style rotation model on enhanced value and growth portfolios: The European experience. Journal of Asset Management, 11, 375-390.
  • Casavecchia, L., Bird, R. J., Pellizzari, P., & Woolley, P. (2011). The Impact of the Pricing Process of Costly Active Management and Performance Chasing Clients. Journal of Economic Interaction and Coordination, 6 (1), 61-82.
  • Casavecchia, L., Bird, R., Mar, J., & Yeung, D. (2009). Fundamental Indexation: An Australian Investigation. Australian Journal of Management, 34 (1), 1-20.
  • Casavecchia, L. & Bird, R. J. (2007). Value Enhancement Using Momentum Indicators: The European Experience. International Journal of Managerial Finance, 3 (3), 229 - 262.
  • Bird, R. & Casavecchia, L. (2007). 'Sentiment and Financial Health Indicators for Value and Growth Stocks: The European Experience'. The European Journal of Finance, 13 (8), 769-793.
  • Casavecchia, L. & Bird, R. J. (2006). Insight into the Momentum Life Cycle for the European Stocks. Journal of Investing, 15 (3), 105-118.

phd supervision toggle icon open PhD Student Supervision

Principal Supervisor of Chanyuan (Georgina) GE – PhD – Applied Finance: Firms’ Product Diversity and Mutual Fund Performance – Full Time. (Enrolled in 2016).