PhD Fellowships

The Jacobs Levy Equity Management Dissertation Fellowship in Quantitative Finance is awarded to doctoral candidates in the dissertation stage in the area of quantitative financial research that is consistent with the mission of the Jacobs Levy Center.

2018-2019 Fellow: Alexander Belyakov

University of Pennsylvania, 2015-present
PhD candidate in Finance

New Economic School and Higher School of Economics, 2011-2015
Bachelor of Arts in Economics

Paper “Leverage and Financing in Distress” received Best Corporate Finance Paper award at 2017 Australasian Finance and Banking Conference

Intern, Runa Capital, 2015
Intern, S&P Dow Jones Indices, 2013-2014


Jianan Liu

University of Pennsylvania, 2014-present
Ph.D. candidate in Finance

The Ohio State University, 2012-2014
M.S. in Statistics

Shanghai University of Finance and Economics, 2008-2012
B.S. in Statistics

Research Interests
Investments, Institutional Investors, Asset Pricing

“Absolving Beta of Volatility’s Effects,” Journal of Financial Economics (forthcoming), with Robert Stambaugh and Yu Yuan







Ram Yamarthy

New York University, Stern School of Business
B.S. in Economics, B.A. in Mathematics, 2011 (magna cum laude)

Research Interests
Macro-Finance (Asset Pricing, Dynamic Corporate Finance), Policy-Related Questions, Applied Time Series Econometrics

Board of Governors of the Federal Reserve System, Summer 2014

Honors and Awards
American Finance Association Doctoral Travel Grant, 2015
University of Pennsylvania Dean’s Fellowship for Distinguished Merit, 2011-2015
Best Paper, Journal of Undergraduate Research in Finance 2011


Gill Segal

Open University of Israel, Tel Aviv, Israel, M.B.A., 2007; B.A. Computer Science, 2004

Research Assistant, Bar Ilan University, Ramat-Gan, Israel, 2008-2010
Instructor, Open University of Israel, Tel Aviv, Israel, 2008-2010
Software Developer, Israel Defense Forces, 2004-2008

Miller, Anderson & Sherrerd Graduate Fellowship in Finance, University of Pennsylvania, Wharton School, 2011-2012
University of Pennsylvania Dean’s Fellowship for Distinguished Merit, 2010-2014
Presidential Scholarship for Excellent Annual Achievements in M.B.A studies, Open University of Israel, 2007-2008
Certificate of Appreciation for Personal Contribution to the Winning Project of Israel’s Security Award, IDF Intelligence Corps, 2006


Yasser Boualam

Carnegie Mellon University, Tepper School of Business, M.S., Computational Finance, 2009
Grenoble Institute of Technology, ENSIMAG, France, Diplome d’lingenieur (B.S., M.S.), Applied Mathematics and Computer Science, 2008

Research Interests
Macro-finance, financial fragility, financial institutions and sovereign debt

Teaching Fellowships
FNCE 962 – Macroeconomics and the Global Economic Environment (MBA), Professor Ravi Bansal, (Spring 2012)
FNCE 924 – Intertemporal Macro Finance (PhD), Professor Pricila Maziero (Spring 2011),
Professor Mathieu Taschereau-Dumouchel (Spring 2012)
FNCE 393/893 – Global Monetary and Financial Institutions: Theory and Practice (UGD/MBA),
Professor Zvi Eckstein, Fall 2011

AXA Investment Managers, Financial Engineering, Paris
Deutsche Bank, Derivative Strategy and Index Trading, London
Society General, CIB, Equity Derivatives Structuring, New York

Irwin Friend Doctoral Fellowship in Finance, 2012
American Finance Association Doctoral Student Travel Grant, 2011
University of Pennsylvania Dean’s Fellowship for Distinguished Merit, 2009-2013
The Spirit of MSCF Award, Tepper School of Business, 2008
MSCF Merit Scholarship, Tepper School of Business, 2007-2008