Peter Klein

  • Professor, Finance
  • B.Sc., LL.B., M.B.A., (W. Ontario), Ph.D. (Toronto), CFA, CBV, CGA

    Segal Room: SGL 3255
    Segal Phone: 778.782.7722

    Email Address: pklein@sfu.ca

    Curriculum Vitae: View

    Biography

    Dr. Peter Klein is a Professor of Finance. Prior to joining the Beedie School of Business, he spent 10 years in a variety of roles at CIBC/Wood Gundy, including Chief Trader of Derivatives in London, UK and Vice-President, Investment Banking in Tokyo. He then made a career switch, earning his PhD in Finance from the University of Toronto in 1996. He has taught International Finance, Derivatives and Investment Policy and was awarded the TD Canada Trust Distinguished Teaching Award in 1998. Peter was the founding Academic Director of the Global Asset and Wealth Management MBA and Master of Financial Risk Management programs and continues to teach in the investment management stream of the MSc Finance program. He lead the team that introduced the Student Investment Advisory Service in 2003 and Beedie Endowment Asset Management in 2011. Peter is also a CFA, CBV and CPA CGA.  Previously he was a Trustee as well as Chair of the SFU Academic Pension Plan and was previously director of professional development for CFA Vancouver. He was Advising Principal of KCS Fund Strategies Inc., an investment counselling firm specializing in Canadian hedge funds and is currently Managing Partner and CIO of BullWealth, a full service investment counselling firm. Peter focuses his research on return anomalies, taxation, credit risk, derivative securities and corporate governance and has published in a number of leading academic journals, including the Journal of Financial Economics, the Journal of Public Economics and the Journal of Banking and Finance. Peter enjoys skiing, backpacking, surfing and paddling in the great outdoors with his family and friends.

    Research Interests

    Return anomalies, taxation, derivative securities, credit risk; and corporate governance.

    Selected Publications

    Articles and Reports

    Lian, M., & Klein, P. (2017). Optimal hedge fund performance fees. Journal of Business and Policy Research, 12(1), 19-33. http://doi.org/10.21102/jbpr.2017.07.121.02

    Klein, P., Purdy, D., Schweigert, I., & Vedrashko, A. (2015). The Canadian hedge fund industry: Performance and market timing. International Review of Finance, 15(3), 283-320. http://doi.org/10.1111/irfi.12055

    Klein, P., & Yang, J. (2013). Counterparty credit risk and American options. Journal of Derivatives, 20(4), 7-21. http://doi.org/10.3905/jod.2013.20.4.007

    Conconi, A., Demidow, M., Klein, P., & Niu, J. (2013). Learn more about the equal sector strategy of select sector SPDRs. Journal of Wealth Management, 15(4), 41-48. http://doi.org/10.3905/jwm.2013.15.4.041

    Cotter, R., Dason, J., Niu, J., & Klein, P. (2011). Corporate governance and stock performance: Evidence from Canadian firms over the period 2005-2009. Corporate Ownership and Control, 8(3), 56-68. http://doi.org/No DOI

    Klein, P., & Yang, J. (2010). Vulnerable American options. Managerial Finance, 36(5), 414-430. http://doi.org/10.1108/03074351011039436

    Klein, P., Purdy, D., & Schweigert, I. (2010, ). The great white north. Canadian Investment Review.

    Klein, P. (2009, ). The great unwind. Canadian Investment Review, 22(1), 37-38.

    Klein, P. (2008, ). The L word. Canadian Investment Review, 21(1), 27-35.

    Brulhart, T., & Klein, P. (2005, ). Faulty hypotheses and hedge funds. Canadian Investment Review, 18(2), 6-13.

    Klein, P., Shapiro, D., & Young, J. (2005). Corporate governance, family ownership and firm value: The Canadian evidence. Corporate Governance (Oxford): An International Review, 13(6), 769-784.

    Anand, A. I., & Klein, P. (2005). Inefficiency and path dependency in Canada’s securities regulatory system: Towards a reform agenda. Canadian Business Law Journal, 42, 41-72.

    Klein, P. (2004). The capital gain lock-in effect and perfect substitutes. Journal of Public Economics, 88(1), 2765-2783.

    Klein, P. (2004). Interest rate swaps: Model reconciliation. Journal of Derivatives, 11(1), 46-57.

    Klein, P. (2001). The capital gain lock-in effect and long horizon return reversal. Journal of Financial Economics, 59(1), 33-62.

    Klein, P. (1996). Pricing black-scholes options with correlated credit risk. Journal of Banking & Finance, 20(1), 1211-1229.

    Bunker, P. R., & Klein, P. (1981). Predissociation in the A2II State of ClO. Chemical Physics Letters, 78(3), 552-564.

    Teaching Related Material

    Foss, N. J., & Klein, P. (2014). Why managers still matter. Boston, United States: Harvard Business School Publishing.

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