W. P. Carey School of Business
W. P. Carey School of Business

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Sunil Wahal

Jack D. Furst Professor of Finance

Office:BAC 516
Mailing Address:
Main Campus
PO BOX 873906
Tempe, AZ 85287-3906

Phone: 480-965-8755
Fax: 480-965-8539
Email: Sunil.Wahal@asu.edu
Sunil Wahal

View Vita

Ph. D., University of North Carolina, 1995; MBA Wake Forest University, B.A. (Hons) Delhi University


Research Areas:
Capital Markets; Delegated Portfolio Management; and Trading Strategies

Recent Consulting
Dimensional Fund Advisors

Mercer Global Advisors

Current Projects:
“Trading by Crossing,” with Jennifer Conrad and Gang Hu

“High Frequency Quotation, Trading, and the Efficiency of Prices,” with Jennifer Conrad and Jin Xiang

Academic Positions Held
Arizona State University: 2005-present; Emory University: Associate Professor and Area Chair, 1997-2005; Purdue University: Assistant Professor, 1995-1997.

Career and Recent Professional Awards; Teaching Awards
Q Group Research Award

Representative Publications

"Is Momentum an Echo," co-authored with Amit Goyal, forthcoming Journal of Financial and Quantitative Analysis

“Investing in a global world,” co-authored with Jeff Busse and Amit Goyal, forthcoming Review of Finance.

“Style investing, comovement and return predictability,” co-authored with M. Deniz Yavuz, Journal of Financial Economics, 2013, 107, 136-155.

“Competition among mutual funds”, co-authored with Albert Wang, Journal of Financial Economics, 2011, 99, 40-59.

“Performance and persistence in institutional investment management,” co-authored with Amit Goyal and Jeff Busse, Journal of Finance, 2010, 65, 765-790.

“The selection and termination of investment management firms by plan sponsors,” co-authored with Amit Goyal, Journal of Finance, 2008,63, 1805-1847





ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.

FIN 471 - Investment Portf Mgmt
Under faculty supervision, students manage over $500,000 of the ASU Foundation's assets over the course of the year. Must take for a total of 3 hours.

FIN 580 - Practicum
Structured practical experience in a professional program, supervised by a practitioner and/or faculty member with whom the student works closely.

W. P. Carey School of Business

400 E. Lemon St.
Tempe, AZ 85287