Eller Finance Professor Cited in The Street
May 26, 2021
The article explains that those who are thinking about investing in target date funds—which are popular vehicles that provide investors with an evolving asset allocation to meet their needs at some future date (retirement, for example)—should reconsider doing so.
“Target date funds are great products,” says Brown. “But they are also generally too expensive so lowering the fees would help everybody out and hopefully make everyone’s retirement that much more secure.”
Brown joined the Eller College of Management in 2014 after earning his PhD in Business Administration (Finance) from the University of Colorado Boulder. His areas of research include institutional investors, asset management, price feedback and price informativeness, early-stage financing and IPOs, taxes and retirement planning. Prior to joining academia, he worked in high-frequency algorithmic trading and private student lending where he was involved in several fundraising efforts, ranging from $300,000 to $75 million.