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Nelson Lacey

Professor Emeritus



PhD, Pennsylvania State University, 1985
MBA, Arizona State University, 1980
BS, Pennsylvania State University, 1978

Professional Experience

Director of Curriculum, Chartered Alternative Investment Analyst Association, 2002-2005
Director of Examinations, Chartered Alternative Investment Analyst, 2002-Present
Project Coordinator, U.S. Consortium for Management Education in Central and Eastern Europe, 1993-2000

Academic Appointments

Chair, Finance Department, Isenberg School of Manegement, UMass Amherst, 2018-2020
Professor of Finance, University of Massachusetts, 2007-Present
Associate Professor of Finance, University of Massachusetts, 1993-2007
Assistant Professor of Finance, University of Massachusetts, 1985-1993

Recent Honors / Awards

Outstanding Department Chair, 2008
Best Paper, Risk and Insurance Association, 1993

Research Interests

Education and Testing
Personal Finance
Sport Betting Markets
Market Reaction to New Information

Teaching Interests

  • Corporate Finance
  • Valuation
  • Case Studies
  • Corporate Finance
  • Financial Modeling
  • Personal Finance

Selected Publications

What Drives Mutual Fund Flows: Profit or Panic? (with Qiang Bu), Review of Accounting and Finance, 2013, Vol. 12 Iss: 1, pp.4 - 22.

The Second Season:  The Effects of Playoff Tournaments on Competitive balance Outcomes in the NHL and NBA, (with Neil Longley), Journal of Sports Economics, October 2012, 13: 471-493.

On Understanding Bear Market Funds, (co-author Qiang Bu), Journal of Alternative Investments, Fall 2010, Vol. 13, Number, pp. 35-46.2. 

Follow the Market or Follow the Leader? - An Analysis of Mutual Fund Trading Strategies, (co-author Qiang Bu), Problems and Perspectives in Management, 2010, Volume 8, Issue 3, pp. 200-207.