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Home | People | Aleksandar Andonov

Aleksandar Andonov

Research Fellow

University of Amsterdam
Research field
Corporate Governance, Finance, Pensions


I am an Associate Professor of Finance at Amsterdam Business School, University of Amsterdam. Previously, I completed my PhD studies at Maastricht University and worked at Erasmus University Rotterdam. In my research, I focus on institutional investors, in particular pension funds and the money management industry, investigating the asset allocation and performance of these investors in public and private markets. My research ideas and findings have been presented at academic and industry conferences, and have been covered in popular financial media, such as the Economist, Wall Street Journal, and Financial Times. My papers analyzing the investments and governance of U.S. public pension funds have been published in the Journal of Finance and Review of Financial Studies. I teach master and bachelor courses on asset management and investments.

List of publications

Andonov, A., Hochberg, YaelV. and Rauh, JoshuaD. (2018). Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds The Journal of Finance, 73(5):2041--2086.

Andonov, A., Bauer, R. and Cremers, M. (2017). Pension Fund Asset Allocation and Liability Discount Rates Review of Financial Studies, 30(8):2555--2595.

Andonov, A., Eichholtz, P. and Kok, N. (2015). Intermediated investment management in private markets: Evidence from pension fund investments in real estate Journal of Financial Markets, 22:73--103.